Marks And Spencer Share Discussion Threads

[qantas] 13/9/2022 10:00

On the downside, Ocado tumbled after the online supermarket warned of a fall in annual sales as customers start to tighten their belts amid the cost-of-living crisis.

[careful] 13/9/2022 10:00

hard to understand these crazy valuations.

After the recent crash Ocado still valued at £5.76bn.
MKS valued at £2.4bn.

Love to see an explanation of that from Harvard Business School Grads.
They are the ones that bust Enron and created sub prime disaster.

[xxxxxy] 13/9/2022 08:47

Ocado has warned that annual sales will drop because customers are trading down to value products and buying less overall amid a worsening cost-of-living crisis.The online grocer, which is owned partly by Marks & Spencer, said sales rose 2.7% from a year ago in the 13 weeks to 28 August, an improvement from the drop in the previous quarter.However, faced with soaring energy bills and higher food prices, shoppers are putting less in their baskets and looking for cheaper products. The value of the average basket fell 6%, from £123 to £116."Notwithstanding positive customer growth, the accelerating trading down and smaller baskets, particularly over the last few weeks, mean that we now expect to see a small sales decline in 2022 and close to break-even Ebitda [earnings before interest, tax, depreciation and amortisation]," Ocado said.Shares fell 12% after the update on Tuesday morning, making Ocado the FTSE 100's biggest faller.... Yahoo Finance

[hamhamham1] 13/9/2022 08:45

Back in Nov of 2021, rumours of US PE sniffing around. The share price was 244p then and dollar 1.33 to the pound.
Now the share price is 122p, and a 1.17 exchange rate.
So the current market cap is trading at approx 60% discount (in dollars) compared to back in Nov 2021, allowing for those 2 factors.
This will get a bid, when, I don't know, but it will IMO.

[hamhamham1] 13/9/2022 08:33

Porsche, what was the last accounts (02/04/22) profit? £572m? And pbt of £391m.
On a current market cap of £2.43bn.
Not bad in my books.

[porsche1945] 13/9/2022 08:28

God how much did Mks overpay for Ocado, that dilutive capital raise Mks did that took it out of the ftse 100 and endless share price collapse since, its another Debenhams, both Ocado and Mks are fxcked. Once winter kicks in these shares are sub a quid.

[hamhamham1] 13/9/2022 07:59

The main Ocado pretty well always make losses, different to MKS and their involvement.
Main Ocado keeps having to go to backers for more money they prob getting a bit bored of that, especially in to days environment.
Very different beast.

[netcurtains] 13/9/2022 07:46

Not sure if Ocado trading update this morning already factored into price. Hopefully, it is. On face of it, its a bad trading update, but on the other hand share price is right on the floor so difficult to say.

[hamhamham1] 13/9/2022 07:04

Althought the risk/reward ratio for MKS is lower than the other 3 I mentioned.
Here I aim for a 2.5x return over a couple of years and for those 3, I aim for a 4x return over similar period.
Again, time will tell.

[hamhamham1] 13/9/2022 06:56

Whilst I don't like retro posting of positions taken, yesterday I did buy 13k of these, 1 x 6k, 1 x 6.5k and a 0.5k.
So 13k of the burgers, average around 121p, I think. But anything sub 150p is a bargain IMO.
Many cheap UK companies will become targets of US private equity. Especially with the strong dollar,
Now time to sit on my hands.
Others I view as similar in the same sector are Asos, Boohoo and The Hut Group.
Time will tell.

[philanderer] 13/9/2022 00:05

Retail stocks led the charge on London's top index as Shore Capital analyst Clive Black backed the largest chains to weather the economic storm.

He warned the industry's 'darkest hour' was yet to come and further downgrades to profit guidance were likely – but a fall in inflation over the longer term will ease pressure on the sector.

Black mentioned the likes of JD Sports, up 4.3 per cent, or 5.4p, to 131.5p, Marks & Spencer, which rose 7.7 per cent, or 9.05p, to 126.7p, Next, ahead 3.1 per cent, or 182p, to 6064p, Primark owner ABF, which gained 3.8 per cent, or 51p, to 1406p, Sainsbury's, rising 5.3 per cent, or 10.8p, to 213.4p and Tesco, which climbed 5.5 per cent, or 13.2p, at 253.1p.

He said these retailers will 'ride the still choppy economic waters and emerge into better times in good shape'.

[creditcrunchies] 12/9/2022 22:44

These are dirt cheap, like I said our M&S is packed out every time I've been there and I live near a massive store

[netcurtains] 12/9/2022 19:57

The pound has been going up against the dollar since 3rd September so one would expect Americans to be buying UK stocks and shares for dividends and growth while they are still cheap.

M&S is a good brand, well known in the USA.

[johnwise] 12/9/2022 17:03

All stores should close

Primark and John Lewis to shut stores on day of Queen’s funeral

[diku] 12/9/2022 14:12

King Charles was allowed to have an opinion under the late Queen...but now his stance will change...will he tweak the protocols to suit today's generation...

[careful] 12/9/2022 12:15

Amazing how everyone is united about the Queen.
Never a single voice of criticism.
Political suicide to oppose.
Patriotism is a powerful force.

Only recently the Brexit vs Remainer divide was quite bitter.
Even after a better understanding almost no one seemed to change their position.
Poll tax riots, miners strikes, Iraq wars, climate change, Civil unrest and instability is never far away.

And yet the Queen stayed above it all, never taking sides or even giving an opinion.
A remarkable institution.

[debsdowner] 12/9/2022 12:05

Carefull I don't know whether Goldman downgrade and forecasts will pan out I don't think anyone does.

I just think MKS will struggle.

[debsdowner] 12/9/2022 12:01

Diku mass hysteria was involved at Diana funeral went over the top.

But the Queen mourning is completely different,Diana was an intention seeker our Queen wasn't.

The Queen will go down in history as being one of the greatest people to ever have lived and I can therefore understand the amount of world mourning for such an exceptional woman, her passing has effected me she is a great loss to the world and will be greatly missed.

[netcurtains] 12/9/2022 11:54

M&S is currently selling shed loads of flowers - Our local public hall has 20 bunches and the queen never once came here.

I'm not sure what percentage of the flower market M&S has but I know loads of people buy there flowers at M&S

[careful] 12/9/2022 11:40

There is deep value here.

I am holding my significant investment.
It is just that no one is buying, many selling, so there is value to be had.
A market cap of under £2.5bn when translated into US $ is amazing.

Shares are out of favour with scare stories about hyper inflation caused mainly by energy prices.

Goldman's recent 20%+ worst case inflation prediction was stupid, unless they are playing games as usual.
The energy crisis will pass, the World is awash with Gas Oil and despite this spat in Ukraine, will find its way to market.
Hard to believe that the price of oil was zero and gas almost worthless just 2-3 years ago.

[netcurtains] 12/9/2022 11:20

M&S food and clothes are insanely cheap for American tourists.
A packet of pringle in Wyoming costs nearly £4 (UK £1.6).

Just imagine how cheap our shares are....

[careful] 12/9/2022 09:53

The Queen was a great head of state.
Always a risk with the hereditary system, the character of the Queen/King.
Charles will be fine also William.
It would be troubling if certain other members of the Royal Family were heads of state.

We are lucky, it gives political stability having someone at the top above the corrupt greasy business of politics.

Having said that, this 24/7 day in day out news coverage of the event with this national tendency for gushing, over sentimentality, is unbearable.
It was the same when Diana was killed, similar at the Hillsborough disaster when Liverpool fans covered the pitch at Anfield with flowers.

These Brits seem to wallow in this group activity and emotion.
Even more that they would when members their own family die.

It is all very odd behaviour.

[diku] 12/9/2022 09:24

Think Truss and her advisors will be mindful of speeding up Corporation tax cuts... businesses need to be supported...mark slowdown in sectors since the sad news last week...