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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Marks And Spencer Group Plc | MKS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 4.30 | 1.17% | 371.70 | 11:06:48 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 374.00 | 368.80 | 376.10 | 367.40 |
| Industry Sector |
|---|
| GENERAL RETAILERS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 22/05/2024 | Final | GBP | 0.02 | 30/05/2024 | 31/05/2024 | 05/07/2024 |
| 08/11/2023 | Interim | GBP | 0.01 | 16/11/2023 | 17/11/2023 | 12/01/2024 |
| 06/11/2019 | Interim | GBP | 0.039 | 14/11/2019 | 15/11/2019 | 10/01/2020 |
| Interim | GBP | 0.039 | 13/11/2019 | 15/11/2019 | 10/01/2020 |
| Top Posts |
|---|
Posted at 19/9/2024 07:06 by ayl30 OCDO retail results today look good, beneficial for MKS |
Posted at 16/9/2024 07:12 by bigbigdave RBC and BARC raise MKS to 400 |
Posted at 10/9/2024 11:46 by debsdowner MKs reaching new highs OCADO the fastest growing grocer with sales rising 12.9% in latest 12 week period. LIDL not far behind with Sainsbury also doing well.ASDA the worst performing grocery market shares with sales down 5.6% and if they keep losing market share they could be in serious financial trouble: |
Posted at 09/9/2024 08:50 by debsdowner New High for MKSALDI trebled it's profits by selling more premium goods... Half a billion not bad for a discounter on tiny margins. |
Posted at 08/9/2024 11:30 by johnwise However, it’s hard to dispute that M&S deserves credit for embracing online sales, which now account for nearly a third of revenue. The company has also cut costs by boosting efficiencies, especially in logistics. It has closed down tired and poorly performing stores in favour of newer, more modern stores in better locations. Just two years into a long-term reorganisation, the potential gains are far from exhausted. At the same time, the closure of several well-known rival brands on the high street, as well as the continued expansion of its online businesses, should also help.Overall, M&S has seen sales grow by just under 50% over the past three years, with its profits expanding fivefold during the same period. Sales are expected to keep growing over the next few years. Another sign that it has turned the corner is the decision at the end of last year to resume paying the dividend that it stopped during the pandemic. Operating margins have also gone up and it is achieving a double-digit return on capital employed. Despite this, the shares trade at only 12 times forecast 2026 earnings – the same valuation as Tesco and Sainsbury’s, both of which have been less successful recently. As well as the strong prospects and cheap valuation, M&S’s share price continues to exhibit positive momentum. It is currently trading above its 50-day and 200-day moving averages, and has been the third best-performing share in the FTSE 100 (including dividends) over the past six months, only slightly behind Darktrace and Hargreaves Lansdown, which have been taken over. |
Posted at 02/9/2024 15:09 by debsdowner I don't think it is the first time MKS has announced this or a similar offer. |
Posted at 26/8/2024 18:10 by poots MKS are using Evri for deliveries.That's the last time I order anything from MKS then.... |
Posted at 12/8/2024 12:46 by debsdowner WILDCHILDNot sue whether last years Aug trading was exceptional there is nothing on MKS corporate website.. |
Posted at 18/5/2024 19:40 by johnwise Marks & Spencer (MKS.L) — Reports on Wednesday 22 MayInvest Analysts have nudged up the consensus underlying pre-tax profit forecast for the year to March 2024 to £653m, compared to the range of £550m to £600m that had prevailed before the interims, according to AJ Bell. "Shares in Marks & Spencer are trading very close to five-year highs, and they rank as the second-best performers within the ranks of the FTSE 100 (^FTSE) over the past 12 months. However, the share price is almost unchanged in 2024 and that slight loss of momentum may reflect, bottom up, management’s efforts to keep a lid on earnings forecasts and, top down, the delay on the long-awaited interest cuts from the Bank of England," the investment platform analysts said. Adding to the positive sentiment surrounding M&S shares is the recent bullish stance taken by several brokers. Last month, both JPMorgan and Jefferies upgraded the stock to the equivalent of "buy" ratings. "Such broker upgrades often serve as a positive factor for a stock's performance, as they can influence investor sentiment and attract additional demand," Chris Beauchamp, chief market analyst at IG, wrote. For the current fiscal year, the dividend forecast stands at 6.2p, representing a yield of 2.3% at the current share price. "Notably, this dividend forecast is nearly double the figure for the previous year ended 31 March. With dividends on the rise, M&S could potentially attract a new set of investors seeking passive income streams," he added. Guy Lawson-Johns, equity analyst at Hargreaves Lansdown, reminds investors that the retail sector is tricky. “So far, trading this year has given Marks and Spencer shareholders plenty to be happy about. Growing market share and margins whilst embarking on a significant cost-cutting programme is a tough balancing act, but the group’s nailed it so far. Along with Lidl and the retail arm of Ocado (OCDO.L), which it owns a 50% share of, M&S is ranked as Britain’s fastest-growing grocer over the last quarter," he said. "But the retail sector is a notoriously tricky operating environment and wage inflation and business rates have provided an unwanted challenge to its cost cutting programme. Despite this, next week’s full-year results are still expected to land in line with analyst estimates. This includes revenue growth of 8.9% over the year, to £13bn, and operating profit growth of 28.5% to £805m", he added. Stocks to watch next week |
Posted at 08/12/2023 16:53 by makinbuks From an e mail received from Theodosian Capital this afternoon:"S&P upgraded M&S to investment grade (BBB-, was BB+) with a stable outlook this week. Bonds issued under MKS’ EMTN programme have coupon step-up features relating to a downgrade to junk. Following the March 2020 downgrade to sub-investment grade by both S&P and Moody’s MKS said in its FY (year-end March) 2020 Annual Report that “this should result in an additional c.£15m of annual interest costs, payable following the next coupon payment”. Moody’s still has MKS on sub-investment grade (Ba1, one notch below investment grade). However, I suspect (but am not certain – I have a query in to MKS IR on it) that receipt of one IG rating might reverse the coupon step-up. If I’m right, this should knock around £10m a year off MKS’ finance costs (as medium-term notes outstanding have reduced from £1.47bn at end-FY 2020 to £1.05bn at end-H1 2024. MKS trades on a very undemanding 12.2x consensus FY 2024 earnings, falling to just under 11x 2025 earnings, given the momentum behind the business." Good point, shows the potential flywheel effect of recent strong trading and results |
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