Shares in JJB hit record low as troubles mount
16th August 2012
TROUBLED North West retailer JJB Sports now has a Stock Market value of less than £10m after stock market investors joined a sell off of shares sparked by a key shareholder.
News that US company Dick's Sporting Goods has written off £20m it pumped into Wigan firm JJB in April, sparked a 23.7% slide in the shares to an all-time low of 3.3p. JJB, which has been struggling for more than three years, now has a market value of just £9.6m.
The write-off by Dick's came after poor summer trading at JJB, whi......for the full story register now for free or login below...
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