BUZZ-Sports Direct: record rally on in line results and possible buyback
** Sports Direct rises 12 pct after reporting in-line results, with the possibility of a buy back also helping the stock
** FY EBITDA of £381.4 mln a drop of 0.5 pct and at the lower end of guidance, but in-line with analyst consensus of £381.5 mln
** Co says it may buy back shares, trader says denial the company will be taken private by owner Mike Ashley also helping
** Stock pares gains after being up as much as 16.2 pct, but still the top riser on the Stoxx 600
** Best day ever for the stock since IPO in 2007
** Stock down 44 pct YTD with Brexit weighing heavily - co buys goods in USD from Asia and is unhedged for currency movement below $1.60:£1, according to RBC (Other OTC: RBCI - news)