Bill Gates new purchase

[parklifeclothes]

Mircosoft mogul Bill Gates has bought a 3.14% stake in JJB Sports prompting a massive jump in the retailer’s share price.


Shares in JJB Sports have soared by 15% to 28.75p after the sports retailer confirmed that the Microsoft founder had bought a stake in the company via his charitable trust, the Bill & Melinda Gates Foundation Trust.

“It obviously doesn’t look bad to have him on the shareholder register”, one trader told Reuters.

“There’s rumours going around that he wants to increase his stake and he must see something in the company. I think it’ll be over 30p by the end of the day.”

[Mike Hughes]

30p or bust.

Isn't JJB sports the company that paid nearly £10m in fees to delay debt repayment in january and then get a CVA at the end of May to get out of paying rent on stores it's closed.

I think they have to repay another £25m loan to Barclays at the end of august. Supposedly from the money it got from selling it's fitness business.

So, yes. Maybe they have turned the corner but it's still a high risk gamble and only for money you dont mind losing.

Mike