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

SPORTS DIRECT INTERNATIONAL

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Sports Direct International : Mike Ashley slams competition watchdog over JD Sports probe

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10/31/2019 | 01:21am EST

SPORTS Direct tycoon Mike Ashley has slammed the UK's competition watchdog for its investigation into the merger between rivals JD Sports and Footasylum, saying it has overstated Sports Direct's market share.

The Competition and Markets Authority (CMA) is investigating JD Sports' £90m takeover of Footasylum.

Documents showed the regulator said Sports Direct will be the "only retailer with a comparable share of supply to the merged entity", although it acknowledged that Ashley's company has a "lack of access" to premium products.

However, the sports retailer hit back at the claim yesterday, saying the watchdog's findings "substantially overstate its presence on each of the markets which are the subject of investigation".

Chief executive Mike Ashley said: "I would now welcome the opportunity to provide the CMA with the correct market data."

(c) 2019 City A.M., source Newspaper

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Financials (GBP)
Sales 2020 4 229 M
EBIT 2020 235 M
Net income 2020 139 M
Debt 2020 323 M
Yield 2020 -
P/E ratio 2020 18,5x
P/E ratio 2021 18,8x
EV / Sales2020 0,67x
EV / Sales2021 0,64x
Capitalization 2 499 M
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Technical analysis trends SPORTS DIRECT INTERNATIONA
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 3
Average target price 433,33  GBp
Last Close Price 495,60  GBp
Spread / Highest target 21,1%
Spread / Average Target -12,6%
Spread / Lowest Target -39,5%
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
Sector and Competitors
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ULTA BEAUTY7.84%15 604
NEXT2.51%12 014
TRACTOR SUPPLY COMPANY0.14%11 077
GRANDVISION1.09%7 753
FIELMANN AKTIENGESELLSCHAFT0.97%6 733