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JJB Sports Shares, BUY?

Hi,
Any experienced traders?

I have been told these shares are going to Jump massively when JJB sell their gyms in the next few weeks.

Any opinions, I have 700 pound available.

Thank you

Comments

  • opinions4u
    opinions4u Posts: 19,411 Forumite
    1) If they don't sell their gyms, then I'd guess administration is a 90%+ likelihood.

    2) Even if they do sell their gyms, their business is leisure. When people lose their jobs they have more leisure time but unfortunately not the money to spend on leisure products. Buying a couple of new tee shirts and a set of goalposts for a back garden kick around isn't a priority for people who can't even afford economy beans from Lidl.

    3) Across the high street, business rates are rising by 5%. Not a welcome change in the cost base for a business teetering on the brink.

    As ever, the higher the risk you take, the higher the reward potential. But the more likely you are to lose the lot.

    Why did Dave Whelan sell his holdings in the firm he founded?
  • thewinkshow
    thewinkshow Posts: 333 Forumite
    thanks mate
  • swiftnick
    swiftnick Posts: 199 Forumite
    opinions4u wrote: »
    is
    Why did Dave Whelan sell his holdings in the firm he founded?

    Nuff said

    Nick
  • thewinkshow
    thewinkshow Posts: 333 Forumite
    Did he not sell coz hes old and wanted to retire?or was it someting else?
    thanks
  • opinions4u
    opinions4u Posts: 19,411 Forumite
    Did he not sell coz hes old and wanted to retire?or was it someting else?
    thanks
    Do retired people not still hold shares?
  • Stavros_3
    Stavros_3 Posts: 1,288 Forumite
    opinions4u wrote: »
    Do retired people not still hold shares?

    Well I do, we don't just forget things and smell of urine you know ;)
    Liquidity is when you look at your investment portfolio and **** your pants
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