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

SPORTS DIRECT INTERNATIONAL

(SPD)
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Sports Direct International : bars media from annual investor meeting

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09/10/2019 | 09:47am EDT
FILE PHOTO: A worker walks up stairs before a Sports Direct general meeting to vote on the re-appointment of chairman Keith Hellawell in Shirebrook

LONDON (Reuters) - British retailer Sports Direct has barred media from attending its annual general meeting (AGM) on Wednesday where majority owner Mike Ashley faces shareholder opposition to his re-election as a director.

Company founder and chief executive Ashley, who also owns Premier League soccer club Newcastle United, owns 63% of the company.

The shares have fallen 27% over the last year with investors critical of Ashley's constant dealmaking and the group's corporate governance and employment practices.

Several shareholder advisory groups have urged investors to vote against Ashley's re-election as a director at the AGM.

In April, Sports Direct failed to prevent department store chain Debenhams from falling into administration and saw its equity stake wiped out.

In July, the group warned it could face a 674 million euro bill from Belgium's tax authority and said last year's purchase of department store group House of Fraser out of administration may have been a mistake.

Sports Direct's auditor Grant Thornton has also quit and the retailer is struggling to find a successor.

A spokesman declined to provide a reason for media being banned from the AGM this year.

Most British corporate annual general meetings are open to media. Members of the media were invited to the Sports Direct AGM last year.

(Reporting by James Davey; Editing by Jason Neely and Edmund Blair)

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Financials (GBP)
Sales 2020 3 847 M
EBIT 2020 178 M
Net income 2020 104 M
Debt 2020 345 M
Yield 2020 -
P/E ratio 2020 14,5x
P/E ratio 2021 14,9x
EV / Sales2020 0,46x
EV / Sales2021 0,45x
Capitalization 1 420 M
Chart SPORTS DIRECT INTERNATIONAL
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Sports Direct International Technical Analysis Chart | MarketScreener
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Technical analysis trends SPORTS DIRECT INTERNATIONA
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 3
Average target price 261,67  GBp
Last Close Price 279,60  GBp
Spread / Highest target 43,1%
Spread / Average Target -6,41%
Spread / Lowest Target -33,8%
EPS Revisions
Managers
NameTitle
Michael James Wallace Ashley CEO & Executive Deputy Chairman
David Daly Chairman
Karen Byers Head-Global Operations
Jonathan Kempster Chief Financial Officer & Executive Director
David Brayshaw Non-Executive Director
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TRACTOR SUPPLY COMPANY8.33%10 982
NEXT45.83%9 281
GRANDVISION43.75%7 720
FIELMANN AG20.74%6 033