Marks And Spencer Share Discussion Threads

[netcurtains] 06/10/2022 08:21

"ordinary decent people" (whatever demographic that is meant to be).... realise that advertising has always promoted false pictures (rose-tinted) to promote products. What people who spend the most (young families - Millenials) want is a slightly left-of-centre advert because they want to think of themselves as slightly "cool" and on-trend (even though they are approaching middle age). M&S might appeal to a slightly older clientele but if they want to capture some of the millennial market they will need to be a tad more leftie - which judging by current developments they appear to be taking on board..

[wigwammer] 05/10/2022 20:56

No prob with a 75p target, but there is nothing of substance in your post to justify it. So with respect, will put you on filter. ATB

[xxxxxy] 05/10/2022 20:31

CTCornelius Tacitus9 HRS AGOMessage ActionsTesco appears to be dancing on the edge of wokeism, many of their adverts like those of JL/Waitrose and others depict distorted images of our nations demographic makeup. Many also have lopsided LGBTWXYZ or whatever biases.They also are attempting to force us to work as unpaid checkout operators, whilst their so called 'self service' check outs, continually accuse anybody foolish enought to use them of some form of larceny.What do they not understand, ordinary decent people do not appreciate being the subjects of attempts at social engineering or the promotion of minorities whilst excluding them. Nor do they appreciate being accused by a machine of being a thief whilst receiving zero customer service.Price is not the only determinant of where one spends ones money.... Daily Telegraph

[shoesize19] 05/10/2022 20:02

So here we go again dedsdowner . Today has been like a loose womans drawers . Today ,down and up, and down and up ,down and up , and still in penny shares . £0.75 pence coming . We told them and they do not listen . Trustless and Quazi , need to stand pack . not capable of dealing with the counties affairs .

[debsdowner] 05/10/2022 19:47

PMI's Meanwhile, the PMI for the services sector declined to 50.0 from 50.9 in August as inflationary pressures dented discretionary spending, but was ahead of the flash reading of 49.2. That still marked the weakest service sector performance since the national lockdown in February 2021. “September data highlighted an absence of growth in the UK service sector for the first time in 19 months as the energy crisis continued to hit business and consumer spending,” said Tim Moore, economics director at S&P Global Market Intelligence. “Severe pressure on budgets in the wake of rising inflation, alongside deepening worries about the economic outlook, also led to a reversal in new order volumes for the first time since February 2021.”

[debsdowner] 05/10/2022 19:41

SAINSBURY recent chart is similar to MKS from the decline but it is a 7 year low ! Https://uk.advfn.com/cmn/fbb/thread.php3?id=44463182 Market cap for Sainsburys around £4 billion just over twice MKS but they are forecast to make circa £800 million pre tax and a dividend yield 5.3% ! But will Sainsburys warn ? Not according to latest RNS 26th Sept

[debsdowner] 05/10/2022 19:32

Brokers say: Strong buy 4; Buy 2: Neutral 4; Sell 1; Strong sell 3: 14 brokers

[wigwammer] 05/10/2022 19:32

They may well warn debs, the point is the shares have already fallen because the market is already anticipating something.

[debsdowner] 05/10/2022 19:28

The aquisition of GIST will contribute a small amount of profit and so will Jaeger. However one of the brokers and I think it was the house broker said profits could be wiped out if trading deteriorated. The company has a duty to issue an RNS if they miss profit forecasts by 10% but working them out is difficult due to exceptional items. Interim period ends 2nd October just gone so the company should know where they are now last interim from sharecast pre tax £187.30 Now they may meet that or do slightly better but will they warn things have deteriorated ? I wound't like to say any thoughts ?

[essentialinvestor] 05/10/2022 19:15

KGF worth keeping an eye on, it's been a highly reliable recovery buy during previous recessions. Kingfisher traded down near £1 in both the GFC and March'20 COVID plunge low. Silchester, who are usually pretty shrewd have just doubled their holding to over 10%, But Marshall Wace still short KGF, might wait for MW to close their short - not holding ATM.

[wigwammer] 05/10/2022 19:05

True, but the MKS shares were issued at 185p, and can now be picked up for almost half that amount. So to a buyer at current levels the dilution plus cash pledged equates to around £500m, rather than the original £800m. It has resolved the issue of how they get their products online (plus given them a stake in a much larger online business).

[essentialinvestor] 05/10/2022 17:31

Agree and made a similar comment this week, it's working out where the value is. Some of the de-rating is down to the Ocado jv stake, which during the pandemic looked like a genius move, from memory MKS share was approx £60 million profit. If that is now barely profitable then they arguably issued a shed load of extra shares for what..

[wigwammer] 05/10/2022 17:13

I don't think anyone can be in doubt that it's a tough time for retailers. Identifying that is the easy bit. The hard part is identifying when all the bad news is priced in. M&S now down to the levels seen during the depths of the pandemic, when customers weren't even allowed into the shops. I'm not sure the outlook for the average M&S customer is quite that brutal. But hey ho. Market is a short term voting machine and long term weighing machine, so who knows where it goes over the next week or so..

[debsdowner] 05/10/2022 17:00

ET I think everyone remembers MARKS having a billion pound profit but it didn't last long before the share price slipped. I also remember Philip Green bidding for MARKS although MARKS have done poorly since I think Philip Green would have drained the company like he did with BHS. Philip Green is a gambler OK he understand some retail but he isn't the best operator. It's a difficult market for most retailers at the moment with so many things going on and although MARKS tend to have better off customers not all their customers are well off and even TESCO have middle class customers because of their size.

[wigwammer] 05/10/2022 16:23

M&S vs Tesco customer... different wealth, different demographic, different geography.

[sikhthetech] 05/10/2022 15:31

EI, I remember that too...Plus they only sold M&S branded food. How things changed quickly years ago... I'm happy to drip feed around the 90s mark.

[essentialinvestor] 05/10/2022 15:27

Debs, Next got to near £51 this morning!, I sold yesterday at £48.26 thinking that was a decent price, having bought a few following the warning. Thanks for highlighting, just bought a small amount back but expect markets have one leg lower, which may now be underway.

[blueball] 05/10/2022 15:22

Still 30% overpriced imo.

[debsdowner] 05/10/2022 15:20

ASOS down 7.2% NEXT down 6.2% it is a bleak day for retail I suspect this was down to TESCO results.

[essentialinvestor] 05/10/2022 15:19

I'm old enough to remember the year MKS made over £1 BN on pre tax and when they would not accept credit cards!, such was their UK retail dominance in clothing. For younger people that may be difficult to relate to, but it's true.

[diku] 05/10/2022 15:17

Norman era was different in comparison to today...but media tend to cotton onto it..look at Woodford the 5 star fund manager...one time wonders with a bit of luck...

[debsdowner] 05/10/2022 15:17

OCADO bounced back yeterday but being hemmered today most retailers having a bad day look like MARKS to break down again. No support until 70s.

[porsche1945] 05/10/2022 15:13

Capital raise caused terminal problems along with overpaying for shxtty Ocado plus that idiot from Asda who has done nothing for 20 years except some arsing about with the self harming currency trashing brexit loony party(tories) Will go same way as Debenhams, another Jurassic park U.K. company. Terminal.

[diku] 05/10/2022 15:11

Probably mortgage free...asset rich but cash poor...I read recent article in media one third home owners are mortgage free...no doubt those who bought in 70', 80's and 90's and those who bought just before 2008 probably paid off near half of mortgage...hence CB's kept low rates to keep this cycle going...