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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
|
|
|---|---|---|---|---|
| 7.10 | 1.91% | 379.00 | 16:35:16 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 377.90 | 373.60 | 385.80 | 379.00 | 371.90 |
| Industry Sector |
|---|
| GENERAL RETAILERS |
| Top Posts |
|---|
Posted at 12/11/2024 10:16 by philanderer Investor Presentation doesn't look to have gone down too well. Maybe seen the last of the share price rise for a while ? |
Posted at 04/11/2024 13:10 by martywidget Can Marks & Spencer maintain its ‘remarkable&rsThe retail stalwart is in rude health, but the shares have already rallied hard this year Marks & Spencer’s (MKS) stock is up the best part of 80% over one year and has rallied 40% year-to-date, driven by positive momentum in both food and clothing and a recent return to the dividend trail which has attracted income seekers. This suggests the British retail institution will need to deliver a positive outlook and/or another profit upgrade alongside its first-half results (6 November) if its share price re-rating has further to run. Another impending catalyst an investor event (12 November), where management will update the market on the FTSE 100’s retailer’s growth strategy including exciting store renewal and expansion plans. |
Posted at 25/10/2024 13:12 by philanderer Broker tips M&S shares to hit their highest level since 2015Peel Hunt upgrades to 425p while UBS says shares could hit 435p M&S will update investors on its first half next week amid store expansion Broker Peel Hunt has upgraded its expectations for Marks & Spencer's shares, with analysts backing the retailer's ambitious food-only expansion plans. M&S, which will next week update investors on its first half performance, has become Britain's fastest growing supermarket under the leadership of boss Stuart Manchin. Machin has helped lure in shoppers despite a tough consumer backdrop as M&S has invested in larger food halls and launched new products. It has helped drive M&S shares almost 40 per cent higher since the start of 2024. They have added more than 75 per cent over the last 12 months. Peel Hunt on Friday hiked its M&S share price target from 360p to 425p - 12.7 per cent above their current level of 377.1p as of midmorning. It follows another vote of confidence from analysts at UBS, which in September upgraded its M&S target share price to 435p – higher than at any point since December 2015. M&S opened four food-only stores in the first half of the financial year, with plans to open five more in the second half and 10 more next year. It is hoping to grow its food-only offering from 325 to 400 sites nationwide. Peel Hunt analysts said a recent trip to M&S's new Friern Barnet store – a 18,000 square-foot site previously hosting a Furniture Village – showed the value of the retailer's recent investments. 'The maths clearly works given the immediate sales densities,' they added. 'M&S is not going mad with its opening programme, but stores like Friern Barnet show what a potent model M&S now has for new/refitted stores. 'The interims on 6 November should showcase a good, if not great 1H, but current trading is probably decent, judging by the weather. An upgrade is possible, and as the consumer starts to gain confidence, the risk profile has changed.' Daily Mail |
Posted at 19/9/2024 07:04 by qantas Good newsOcado Group PLC Trading Statement 19/09/2024 7:00am RNS Regulatory News RNS Number : 7518E Ocado Group PLC 19 September 2024 OCADO GROUP PLC 19 September 2024 Ocado Retail Q3 Trading Statement Raising FY24 revenue guidance following continued strong growth; seven consecutive months as the UK's fastest growing grocer1 Ocado Retail Ltd ("Ocado"), a joint venture between Ocado Group plc ("Ocado Group") and Marks & Spencer Group plc ("M&S"), today announces its trading statement for the 13 weeks to 1st September 2024 Highlights ● Q3 Retail revenue grew by 15.5% to £658m. The continued momentum demonstrates the progress made across our strategy of unbeatable choice, unrivalled service and reassuringly good value. ● Volumes (total items) grew 15.4% year-on-year and average orders per week grew by 14.7% to 437k. This was driven by growth in active customers of 10.3% year-on-year to 1.06m as well as improved frequency year-on-year as slot availability and our overall proposition improved. ● Average selling price decreased by (0.4)%, versus UK grocery inflation of 2.0%2 driven by continued investment in price, driving further improvements in value perception. Average basket value was broadly flat at £120.97, as basket size (number of items) was slightly up year-on-year. ● Raising our FY24 Revenue guidance for Ocado Retail to low double digit % growth (previously mid-high single digits % growth). All other aspects of Ocado Group guidance are unchanged. Key financial drivers 13 weeks Q3 2024 13 weeks Q3 2023 Year-on-year change (%)9 Retail revenue (£ million)3 658.0 569.6 15.5 Volumes - total items (million)4 249.9 216.5 15.4 Average orders per week (000s)5 437 381 14.7 Active customers (000s)6 1,060 961 10.3 Average basket value (£)7 120.97 120.72 0.2 Average selling price (£)8 2.75 2.76 (0.4) Average basket size (items) 44.0 43.7 0.7 Hannah Gibson, Ocado Retail's Chief Executive Officer, said: "Our strategy remains focused on giving our customers unbeatable choice, unrivalled service and reassuringly good value. We're seeing the momentum of this, with more customers shopping with us more often, getting even better service at better value. We know what our customers love, and we're focused on our proposition every day. This includes our widest ever choice including more M&S food, more convenience with better availability of delivery slots and products, further improving our high perfect order rate and better value for money through our Ocado Price Promise and our latest Big Price Drop. We're pleased with the progress we're making and excited about how much more there is to deliver." FY24 Guidance Due to the strong performance in the first three quarters of the year, we are upgrading our full year revenue guidance. There is no change to the EBITDA margin guidance issued on 16 July 2024 with the Ocado Group FY24 Half Year results. Revenue: Low double digit % growth (previously mid-high single digit % growth) EBITDA: FY24 adjusted EBITDA margin of c.2.5% excluding annual Hatfield fees of £33m Ocado Group, on behalf of the joint-venture, will be hosting an analyst conference call at 8.00am today. Please use participant number: +44 (0) 33 0551 0200 and confirmation code: Ocado Q3 - Analyst Call. A replay facility will be available through an on demand link for 90 days following the announcement. Contacts ● Stephen Daintith, Chief Financial Officer on +44 1707 228 000 ● Nick Coulter, Head of Investor Relations, on +44 1707 228 000 ● Fraser Ramzan, Head of Investor Relations, Marks and Spencer Group plc, on +44 20 3884 7080 ● Oliver Hughes at MHP on +44 20 3128 8100 or ocado@mhpgroup.com About Ocado Retail Online supermarket Ocado.com was established in 2000 and is one of Britain's leading online retailers, now a 50:50 joint venture between Ocado Group plc and Marks & Spencer Group plc. Covering geographies comprising over 82% of UK households, every shopping bag is carefully packed in one of seven distribution centres using market leading software and technology. Shopping is then delivered directly to customers using a network of regional spokes in brightly-coloured vans. With award-winning mobile apps, Ocado Retail delivers a wide range of products, including big-name brands, a range of quality M&S and Ocado own brand products and a non-food selection. Thoughtful service features such as colour-coded bags, digital receipts provided in date order, reminder texts with your driver's name, along with convenient hourly delivery slots complementing award-winning customer service on email, phone and social media. Notes 1. Kantar 2. NielsenIQ Panel On Demand Homescan from Nielsen Consumer LLC. 3. Retail revenue comprises revenues from Ocado.com and Zoom by Ocado 4. Volumes - total items refers to results of Ocado.com 5. Average orders per week refers to results of Ocado.com 6. Active customers are classified as active if they have shopped at Ocado.com within the previous 12 weeks 7. Average basket value refers to results of Ocado.com 8. Average selling price refers to Ocado.com and is defined as product sales divided by total eaches 9. Growth percentage calculated on a rounded basis |
Posted at 16/7/2024 13:26 by philanderer Ocado opens door to US listing after pressure from investors |
Posted at 29/5/2024 15:27 by ccsicemanandrew I hope nobody makes investment decisions based on any posts on here.But maybe that's why 9 out of 10 private investors lose their money. |
Posted at 28/5/2024 15:12 by thebears1 Are you a MKS investor?I actually can't work out what you're doing on this chat?If you are an investor, then why do you keep talking the company down? And if you're not an investor who cares whether you buy your clothes or TK Maxx? |
Posted at 22/5/2024 23:28 by philanderer Investors Chronicle..M&S shines as profits surge 58% The transformation programme is delivering tangible results ...Peel Hunt analysts think there is "virtually nothing not to like, and believe investors are spending too much time looking back here. It is hard not to be in the 'believers' camp now". Profit growth is likely to slow this year, and a valuation of 11 times forward consensus earnings is slightly more expensive than the five-year average. But it is hard to argue that the transformation programme isn't now bearing serious fruit. Buy |
Posted at 22/5/2024 08:10 by johnwise M&S sales balloon to more than £13bn as food and clothing lines prove a hit with shoppersM&S also told investors it is plotting 'a more productive estate', which will see it eventually close 'legacy stores that are more expensive to operate and do not demonstrate the M&S brand of today'. It added: 'Rotation towards a target estate of 180 full line and 420 Food stores provides significant opportunity to invest and grow in the years ahead. 'We continue to seek new sites, to enable us to accelerate store closures and create an estate we are proud of by 2027/28.' After two decades of failed turnaround efforts, M&S is finally reaping the rewards of an expensive investment programme to improve the quality and value of its clothing and food, upgrade its technology and e-commerce operations, and radically overhaul its store estate. |
Posted at 18/5/2024 18:40 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 |
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