Marks And Spencer Share Discussion Threads

[philanderer] 05/1/2016 20:38

EI , it`s all to do with the Amazon threat this year I`d have thought.

Homebase would be sold off .... again :-)

[essentialinvestor] 05/1/2016 14:29

You think the market can't surprise you any longer and then it does,
what are SBRY thinking.

[bracke] 05/1/2016 14:24

Sainsbury bid for Argos.

[rubberbullets] 05/1/2016 14:10

archie norman leaves ITV abd replaces bolland ?

[philanderer] 05/1/2016 13:56

He`s always wanted M&S but I doubt he`d offer more than 500p.

Bolland could be toast by thursday night.

[essentialinvestor] 05/1/2016 13:45

It would be one hell of a way to cap off his career,
we are a long way from there atm, may be a little closer tomorrow
if the update is even more dire than expected.

[philanderer] 05/1/2016 13:43

Hoping for Philip Green, but we`ll have to fall to 350p to get him interested again I reckon.

[essentialinvestor] 05/1/2016 13:22

LMAO, stop it!, made me laugh though )

Another slice of MKS cake coming up, already on my second one of the day, oh my.

[rubberbullets] 05/1/2016 13:07

bid from sainsburys?

[philanderer] 05/1/2016 10:25

M&S raises the stakes in battle over current accounts

[philanderer] 05/1/2016 09:59

Next’s poor performance bodes badly for Marks & Spencer




The disappointing performance from Next over the festive period will raise fears that other retailers will have fared even worse, particularly Marks & Spencer, which is due to update the market on Thursday. John Lewis reports on Wednesday.

[philanderer] 05/1/2016 09:48

Morning EI , NXT missing sales targets but profits within guidance . I reckon we`re priced in now.

Mild weather to blame apparently.

[essentialinvestor] 05/1/2016 08:10

phil, I went for RIO before yesterday's close and sold at the open.

Did not have the conviction to add here, thought my Thursday buy price
looked reasonable, now looking expensive atm, hey ho.

[philanderer] 04/1/2016 20:38

'Jigsaw shrugs off the winter gloom with rise in Christmas sales'

Fashion retailer criticises discounting by rivals for warping the high street

Jigsaw posted a 19pc rise in sales over the festive period as it brushed off complaints of a balmy winter that has punished its high street rivals.

The family-owned fashion chain reported a 12pc lift in like-for-like sales in the five weeks to 2 January, taking total sales to £14.2m over the period on the back of demand for faux-fur trimmed coats and cashmere pyjamas.

Peter Ruis, chief executive, said that the strong trading was testament to the retailer’s decision not to discount on Black Friday and focus on quality products. Instead, Jigsaw began offering discounts online on the afternoon of Christmas Eve.

Larger fashion rivals Next and Marks & Spencer will update investors on their Christmas trading this week.

Analysts expect Next to have benefitted from its resistance to pre-Christmas discounting while Marks & Spencer's clothing department is expected to have suffered, with a 5.5pc fall in like-for-like sales forecast.

[philanderer] 04/1/2016 18:08

Not to worry EI , I added a few at 434.7p just before the close ;-)

[essentialinvestor] 04/1/2016 16:18

It looks like my thankfully modest trade has become an investment now,
could have been so much worse, dread to think.

[philanderer] 04/1/2016 12:42

4th january

M&S will underperform peers for years, Credit Suisse says

(ShareCast News) - Adverse weather led to another month of very soft comparables for retailer Marks&Spencer, but far more important for the company would be whether it could downsize its general merchandise store estate, Credit Suisse told clients.

The Swiss broker was now forecasting like-for-like growth in sales of just 1% in food and zero in general merchandise.

Several weeks of discounts of 30% or more across the store also meant second half gross margins would be 20 basis points lower.

That led analysts Simon Irwin and Pradeep Pratti to cut their forecast for earnings per share by 2.5% which lowered their estimate for profits before tax to £682m.

"After 5 years of downgrades, we remain very cautious about M&S recovery prospects and our forecasts for the next year years remain circa 10% below consensus. We expect M&S to continue to lose market share in GM due to its margin-focussed strategy and platform changes, while competition continues to build," the analysts said in a summary of a research note sent to clients on 22 December.

Hence, the analysts' recommendation was for the chain to be much more aggressive in churning its UK retail space, closing 5% of its stores and re-opening 3%.

To fund such a move, they said M&S would need to cancel its annual £150m of buybacks.

On the back of all of the above, the broker cut its 12-month target price on the company's shares from 500p to 475p.

"While the shares are very oversold at present (1m -13%) we believe they will continue to underperform retail peers in the year ahead."

[dlku] 04/1/2016 11:22

i went out yesterday, massive queues in local M&S and John Lewis

[philanderer] 04/1/2016 10:07

The week after Christmas was a washout for High Streets as retail parks continued to draw shoppers away, research has revealed.

Footfall between December 28 and January 1 was down 3% year-on-year, according to retail research firm Springboard

[philanderer] 04/1/2016 09:52

And these are not..

4th jan Bernstein 'market perform' tp 500p cut from 535p

[philanderer] 04/1/2016 09:37

These guys are chinese ...

4th january Haitong Secs buy tp 550p

[essentialinvestor] 04/1/2016 09:30

Some very nice reductions over the weekend on food at my local MKS.
Lovely extra think cut ham slices reduced from over £3 a packet to 50 pence,
two fruit cakes half price, and a wheel of cheese for £1 )
Lidl prices for MKS quality, got to love that.

[dlku] 04/1/2016 09:26

If they keep chucking off cash and buying back shares im happy sooner or later the business will turn around and meanwhile i get a nice dividend

[essentialinvestor] 04/1/2016 09:25

Well wound not expect anything like that this time imv.

Sub £4 is a possibility however may need the UKX near the 2015 lows,
just my take.

Expectations are already dire.

[rubberbullets] 04/1/2016 09:16

its all in the price, its not new news
last time it was sold off it then bounced 100p in a week