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

SPORTS DIRECT INTERNATIONAL

(FRAS)
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Sports Direct International : picks RSM UK Group as auditor

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10/23/2019 | 10:41am EST
FILE PHOTO: Mike Ashley, founder and majority shareholder of sportwear retailer Sports Direct, leads journalists on a factory tour after the company's AGM, at the company's headquarters in Shirebrook

(Reuters) - Mike Ashley's retail group Sports Direct International said on Wednesday it had appointed RSM UK Group as its auditors, after Grant Thornton abruptly quit earlier this year.

The company had said in August that Grant Thornton, the group's auditor since 2007, would not seek reappointment at Sport Direct's annual shareholders' meeting following a review of its client portfolio.

The British sporting goods retailer had said discussions with other members of the "Big Four" accounting firms had thrown up barriers, including potential conflicts of interest and in the case of PwC a reluctance to engage with Sports Direct.

Sports Direct's results were delayed in July after it received an 11th-hour 674 million euro tax bill from Belgian authorities that had to be assessed by Grant Thornton before it could sign off on the numbers.

In its previous results statement, the British sporting goods retailer said Grant Thornton had "vast experience" of the company and it intended to reappoint the firm for another year.

(Reporting by Tanishaa Nadkar in Bengaluru; Editing by Bernard Orr)

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Financials (GBP)
Sales 2020 4 229 M
EBIT 2020 235 M
Net income 2020 139 M
Debt 2020 339 M
Yield 2020 -
P/E ratio 2020 19,2x
P/E ratio 2021 19,5x
EV / Sales2020 0,69x
EV / Sales2021 0,69x
Capitalization 2 594 M
Chart SPORTS DIRECT INTERNATIONAL
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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 514,50  GBp
Spread / Highest target 16,6%
Spread / Average Target -15,8%
Spread / Lowest Target -41,7%
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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