Company in the news: JD Sports

Phil Oakley tipped retailer JD Sports last April. Here, he sees how the company has got on, what investors should do now.

Last April,I suggested buying shares in sports retailer JD Sports (LSE: JD)at 1,735p. I thought the company had strong momentum and that a sensible strategy and strong profits growth could keep the share price heading higher. And that's what happened.

After splitting its shares into four last summer, the price last week was 508p a share (which equates to 2,032p pre-split). Trading has remained very strong. The five-week Christmas period to 3 January saw like-for-like sales rise by an impressive 12%.

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Phil spent 13 years as an investment analyst for both stockbroking and fund management companies.

 

After graduating with a MSc in International Banking, Economics & Finance from Liverpool Business School in 1996, Phil went to work for BWD Rensburg, a Liverpool based investment manager. In 2001, he joined ABN AMRO as a transport analyst. After a brief spell as a food retail analyst, he spent five years with ABN's very successful UK Smaller Companies team where he covered engineering, transport and support services stocks.

 

In 2007, Phil joined Halbis Capital Management as a European equities analyst. He began writing for MoneyWeek in 2010.