Marks And Spencer Share Discussion Threads

[essentialinvestor] 27/5/2016 12:56

)

For anyone particularly keen the webcast is available to view on the
investors site, it gives the option to skip through, the opening CEO
statement and the Q&A at the end of the presentation are usually the
most telling bits - or just go straight to the Q&A.

[cwa1] 27/5/2016 12:47

EI, FWIW I dabbled with a few at 385 myself. Must be certifiable!

[libertine] 27/5/2016 12:32

capeview

There you are, you do understand charts!

[essentialinvestor] 27/5/2016 12:03

May regret this, bought a very small amount.

[essentialinvestor] 27/5/2016 11:28

They have a BOD stuffed full of well paid non execs, not even a single
share buy since the statement.

The exec directors have share options so fair enough if they don't buy,
would you not think the Chairman might have a few at these levels?.

[essentialinvestor] 27/5/2016 11:16

Mentioned Next and Zara as comparators as if MKS can not effectively
compete with these two there will be no non food turn around.

If anyone has a different take would be interested to hear.

[scottishfield] 27/5/2016 11:11

no worries at all.

[84stewart] 27/5/2016 11:11

freedom97
Thank you

[freedom97] 27/5/2016 11:11

Sorry didn't see your post scottishfield.

[freedom97] 27/5/2016 11:09

From Final Results:
Robert Swannell, M&S Chairman, said:

"Steve Rowe is today setting out his priorities as our new Chief Executive. His number one priority is to restore our Clothing & Home business to profitable growth, while maintaining the pace of growth and success of our market leading Food business.

"Today we announce a proposed final dividend for 2015/16 of 11.9p resulting in a full year dividend of 18.7p, up 3.9% on last year and broadly in line with underlying profit growth. As part of our ongoing programme of enhanced returns, we are also announcing a special dividend of 4.6p per share (c.GBP75 million) for the first half of the 2016/17 year. This will be paid to shareholders in July at the same time as the final dividend. We will update on further capital returns at our Interim results in November."

[scottishfield] 27/5/2016 11:08

In the final results rns of 25/05.

"Today we announce a proposed final dividend for 2015/16 of 11.9p resulting in a full year dividend of 18.7p, up 3.9% on last year and broadly in line with underlying profit growth. As part of our ongoing programme of enhanced returns, we are also announcing a special dividend of 4.6p per share (c.GBP75 million) for the first half of the 2016/17 year. This will be paid to shareholders in July at the same time as the final dividend. We will update on further capital returns at our Interim results in November."

[84stewart] 27/5/2016 10:59

freedom 97
where is the reference to special divi as i have only just bought in again after a long time out

[essentialinvestor] 27/5/2016 10:04

Eisler, that aspect would not concern me too much.

The last two CEO's talked an incredibly good game, highly articulate
convincing, believable.. and the result was ?

[eisler] 27/5/2016 09:56

No terribly impressed with the interviews given by CEO this week - didn't fill me with confidence that there is the vision and strategy to turn this around

[essentialinvestor] 27/5/2016 09:52

Usually DYOR is best, and speaking of which for many people its more
than possible to do a little rudimentary research on the MKS non food side.

Walk in to a local NXT or Zara store, you don't need to be a devoted
follower of fashion to observe the lay out, atmosphere, quality of staff etc,
then visit a Marks store.
If you are unable to do that have a look at the online offerings.

[19bells] 27/5/2016 08:47

Freedom - an exciting divi but also likely the share price will drop 16p or 4% ishSo for me it's all about the day after divi day

[freedom97] 27/5/2016 08:21

Hi philanderer, I remember you from when you used to post on the JLP thread many years ago. I'm still invested there, as the company has finally turned a corner and should start to show a profit, the future looks very good now.

The last time I held MKS shares was in 2009. Well, thought the current share price undervalues the company (providing property prices don't drop). So I just bought £5K worth, as next Wednesday is the last day to buy to qualify for the 11.9p Divi & the 4.6p Special Divi as goes EX Divi on Thursday. One of my fixed rate bonds just matured and I can't even get 3% on new fixed rate bonds now, so imo much better to invest here. Plus I think Steve Rowe will turn this company around. The new directors should also help bring a positive change quickly too imo.

From past experience I've found it's better to do the opposite to what broker targets suggest.

[84stewart] 27/5/2016 08:03

The last ceo was ex Morrisons and look what happened to them,took a long time for them to recover,I would stick with Rowe give him his chance

[flaton2000] 27/5/2016 08:01

Are clothing sales actually so difficult to improve, i wouldn't have thought so, you can (more or less) see what your customers are wearing when they are in store,so more of the same i would suggest.... and ask them!I have always though the mens shoe section was "very poor" at best
Its not like the results were that bad, a good all round tweaking would have more effect on bottom line than to much focus on Mrs Average...search me, time will tell!

[philanderer] 26/5/2016 22:38

EI, good point re the PPI provision made in the accounts , gawd knows what that figure may end at eventually ?

[essentialinvestor] 26/5/2016 21:58

If this was 10 years ago may be, now unlikely.

The PPI provision appeared to come out of the blue, has there been any
comment on whether this is a one time event?.

Registered for the webcast, will review it tomorrow, although not sure I can sit
through the entire 2hrs worth.

Steve is a little different from the two previous CEO's, that may be no
bad thing.

[gswredland] 26/5/2016 21:49

Dividend is supporting it I think