Marks And Spencer Share Discussion Threads

[essentialinvestor] 02/6/2016 18:00

Thanks phil, KGF is a longer term holding, nice net cash, lovely FCF,
would like some lower down.

[philanderer] 02/6/2016 17:51

Luck with those EI, Screwfix is a top business, the rest I'm not sure about.

[leadersoffice] 02/6/2016 16:03

Up day tomorrow... lets break this downwards streak

[muffinhead] 02/6/2016 15:32

Get it OnJohn

[muffinhead] 02/6/2016 15:27

KGF is a good company in a sector with weak competition

[diku] 02/6/2016 15:24

ONJohn...I hear you...lovely 16p divi...

[onjohn] 02/6/2016 15:22

SGP shooting up

[onjohn] 02/6/2016 15:20

Lovely 16p dividend £xxxxx

[onjohn] 02/6/2016 15:20

Lovely 16p dividend £xxxxx

[essentialinvestor] 02/6/2016 15:14

KGF doing nicely following its strategic review, added KGF on the dip
yesterday and hopefully another opportunity for more on a bad day.
Keep thinking US markets are about to sell off, but not happening atm.

[philanderer] 02/6/2016 15:09

UBS retain 'buy' ....... cut target to 440p from 490p ...these guys are on big bucks. LOL

[muffinhead] 02/6/2016 15:05

withdrawal from China and France will carry exceptional charges

beware "underlying EPS"


"investing in price" also will hit the bottom line.... taking on high street competitors reminds of the fight between the big 4 supermarkets and Lidl and Aldi! oh là là


Share tangible NAV is a lot further south

Zero growth guaranteed and execution risk from Steve Rowe

Strategic reviews are best given a wide berth

[freedom97] 02/6/2016 15:05

So BHS will be closing all their stores in the coming weeks plus Austin Reed too. M&S could well gain business from many of their customers, so help boost M&S profits.

[jimmywilson612] 02/6/2016 13:26

All good points Essential Investor - I would argue that all retailers should be cash generative due to the business model etc.

[leonidas] 02/6/2016 13:15

THEY WILL go up by tomorrow.,the recovery will start.

[essentialinvestor] 02/6/2016 13:02

Would give 330 by tomorrow about a 1% chance
unless something cataclysmic happens in markets over the next 24hrs.

[eisler] 02/6/2016 12:55

330ish by cop tomorrow, another turbulent couple of weeks ahead, when Brexit sentiment really bites - will see sub 300 by middle of the month.

[essentialinvestor] 02/6/2016 12:38

Jim, any ambivalence is on the non food side, it is a successful high
end food retailer.
On net debt, the special should not have been paid, that could have
paid down debt further, agree.
Bull points, remains highly cash generative(at least for now) debt fell on the FY,
the possibility, just a possibility that Rowe can make a real difference.
I took 358, so a bad short term call for me.

[jimmywilson612] 02/6/2016 11:59

Seems like a lot of bulls for MKS so I thought ill try and add a bear case for the company as we dont want to me clouded by each other's judgement.

Net Debt is still too high and now represents over 33% of market cap.

Retail is tough at the moment but MKS doesnt know what it wants to be - a high end food retailer, a medium range clothing retailer doesnt sound like a winning strategy to me.

Would like to know reasons why people are buying in here, without looking at the previous price/chart etc.

[leonidas] 02/6/2016 10:47

leadersoffice

LEONIDAS

Snap what that does mean???????? bought 10.000

[leadersoffice] 02/6/2016 09:59

LEONIDAS

Snap

[leonidas] 02/6/2016 08:46

bought a hell of a lot at 357p happy to hold and will not be a seller till 400p+

[leadersoffice] 02/6/2016 08:39

Can't see it falling much from this point. Bar any more negative news, I would be surprised.

[19bells] 02/6/2016 08:30

Don't panic it's divi day 16p

[philanderer] 02/6/2016 08:21

Not quite all stripped out then, around 3p to the good so far.

Morning all.