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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Sports Direct International    FRAS   GB00B1QH8P22

SPORTS DIRECT INTERNATIONAL

(FRAS)
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Delayed Quote. Delayed London Stock Exchange - 05/29 11:35:22 am
306.6 GBX   -4.43%
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Sports Direct International : Mike Ashley 'deeply apologetic' for coronavirus blunder

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03/27/2020 | 04:05am EDT
Sports Direct announce store closures

The billionaire boss of British retailer Sports Direct said he was "deeply apologetic" over the way his company handled the coronavirus emergency and wants to make amends by offering resources to the National Health Service (NHS).

After Britain announced on Monday it was going on lockdown the following day requiring all non-essential shops to close, Sports Direct, part of Frasers Group, said its stores should stay open, arguing that sports equipment was essential.

That prompted an angry response from government with Cabinet Office Minister Michael Gove telling BBC TV: ?Sports Direct is not essential retail?. In an open letter published on Friday, Mike Ashley, the firm's founder and CEO, expressed regret.

"I am deeply apologetic about the misunderstandings of the last few days," he said.

He said the retailer's intentions were only to seek clarity from the government as to whether Sports Direct should keep some of its stores open and insisted it would never have acted against government advice.

"In hindsight, our emails to the government were ill-judged and poorly timed, when they clearly had much greater pressures than ours to deal with. On top of this, our communications to our employees and the public on this was poor," Ashley said.

He said he has offered the group?s support to the NHS.

"We are poised and ready for when that offer is accepted, with our entire fleet of lorries at their disposal - to help deliver medical equipment and supplies. This offer is not limited to the NHS but all key workforces across the government. We will help wherever possible.?

(Reporting by James Davey; editing by Kate Holton)

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Financials
Sales 2020 3 888 M 4 803 M 4 803 M
Net income 2020 82,0 M 101 M 101 M
Net Debt 2020 363 M 448 M 448 M
P/E ratio 2020 16,6x
Yield 2020 -
Capitalization 1 610 M 1 983 M 1 989 M
EV / Sales 2019
EV / Sales 2020 0,51x
Nbr of Employees 29 400
Free-Float 27,1%
Chart SPORTS DIRECT INTERNATIONAL
Duration : Period :
Sports Direct International Technical Analysis Chart | MarketScreener
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Technical analysis trends SPORTS DIRECT INTERNATIONA
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 4
Average target price 312,50 GBp
Last Close Price 320,80 GBp
Spread / Highest target 87,0%
Spread / Average Target -2,59%
Spread / Lowest Target -37,7%
EPS Revisions
Managers
NameTitle
Michael James Wallace Ashley Chief Executive Officer
David Daly Non-Executive Chairman
Chris Wootton Chief Financial Officer
David Brayshaw Non-Executive Director
Nicola Frampton Non-Executive Director
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