Marks And Spencer Share Discussion Threads

[debsdowner] 25/9/2022 12:15

Truss is planning more tax cuts and many analysts think she is going to push inflation up further



The rich are going to benefit more and if they spend their money on foreign holidays which they may well do it won't improve growth in the UK.

Neither do the analysts think "trickle" down growth will work.

The NHS is in a mess people are waiting on operations and if you are unwell you cannot work, the cabinet should not have cut NHS rises this is complete madness.

[debsdowner] 25/9/2022 11:49

darrrin, we agree on a number of things particularly interest rates going up but will punish homeowners. Bear in mind 70% are on fixed ratee but that will only protect for a few years and some will be comming up for redemption then see higher rates.

As to how long the recession will last we really don't know. The markets think it will be shallower but in truth they don't know if house prices crash it will be a different outcome.

I have to say the conservatives are taking a huge gamble and risk an economic diddaster borrowing money to try and increase production.

You cannot just wave a magic wand and expect production to start to increase through tax cuts.

I have to say I have now lost trust with the conservatives.

[debsdowner] 25/9/2022 11:40

Traders betting on £ to force it further down towards parity with the $



If the £ continues to fall the BOE will have an emergency meeting to raise interest ragtes which will hurt homeowners and business.

[darrin1471] 25/9/2022 11:37

$ is strong against most currencies.
£ is weaker than most currencies. Partialy due to negative Brexit sentiment.
BoE need to raise interest rates harder and sooner. The more willing the BoE is seen to be, the less action it will take. I would suggest another 0.5% in the next 2 weeks. Earlier if £ is weak this week.

[darrin1471] 25/9/2022 11:31

Higher inflation, proposed tax rises (now cancelled)and higher interest rates have all caused demand destruction.
We have talking about this for months and the consequences.

Is the economy overheating and requiring demand destruction to reduce inflation? No

Cost of living help given earlier in the year along with tax reversals and tax cuts have significantly reduced the demand destruction and will make the recession shallower than it would of been.

[debsdowner] 25/9/2022 11:09

darin,

The markets don't like the chancellor statement and tax cuts for the rich, that is why the £ plummeted. All the borrowing will increase GOV debt the UK is trapped in a debt spiral.

This is not conservatism.

But as the £ slumps the BOE will try and increase interest rates further hurting all mortgage holders who are struggling at the moment as most householders on large historic multiples compared to income.

So what will happen is any tax cuts savings are taken away with higher interest rates and in the meantime with inflation going up all our imported goods go up.

Some analysts are saying the BOE may have to intervene in an emergency meeting to push up inteest rates imminently without waiting for the November meeting.

We are seeing a currency crisis at the moment. The £ may rebound slighly but it may fall more from here and reach parity with the $ and the BOE would be foerced to intervene.

The budget elps the rich, it doeasn't help the poor and the working class will pay for the insurance cut and tax cuts other ways either by larger interest rates or higher imported inflation.

This GOV won't last and she will lose all the red wall seats.

As for the stock markets well profits will be lower as we are already in a recession and with interrrst rates rising cash is King.

The only hope for MARKS is if some US private equity was to bid for the company.

I also see Sainsburys sold some of their freeholds off thatg is another bad moce as they will pay higher rents.

We will hav e riots on the streets next.

[darrin1471] 24/9/2022 23:56

45p tax cut is a little harder to understand.
It could be argued that the total tax take on those earning over £150k may be greater if you reduce the top rate of tax to 40%

[darrin1471] 24/9/2022 23:50

Does the UK need to raise interest rates now to dampen demand. No. Demand is being crushed by inflation coming from outside the UK.
Interest rates need to rise to help sterling(Brexit negative)and prevent further inflation being imported.
Higher interest rates now will dampen demand further.
Higher inflation, proposed tax rises (now cancelled)and interest rates would have caused a significant recession.
Limiting energy bills, making energy and cost of living payments, cancelling tax rises now and reducing taxes in the spring. All these only replace the demand lost through inflation and interest rates.
The UK does not need to dampen demand.
Yesterdays budget balanced demand and reduced the severity of the recession.

[shoesize19] 24/9/2022 20:18

Debsdowner you and I are correct with our analysis , these that come on here might as well burn there money in the fire, they huff and they puff. and talk it up all the time

They are living In dream dream land hoping for a miracle that their families equity will be added to with there profits .

They are awaking to the nightmare that what goes up can come crash down faster than going up .

So the awful financial nightmare in the uk will go worse and worse.

The latest PM will fail and the country will be in a lot worser mess than it was with the late Boris the blunder tonker toy man.

I wonder what Trustless can put her hands to , going all over the world maybe collecting wendy dolls, to have them lined up in the meeting room on shelves so they can vote her mad ideas. about how to make the uk a prosperous country again like it was with the industrial revolution after the 2nd world war .

Some hope as we are going down the proverbial pan , from the 5th richest to the bottom zero in the world status .

[debsdowner] 24/9/2022 13:40

shoesize,

They are walking in the wrong shoes no wonder they are all over the place.

Some think retailers will do well due to tax cuts but look at the maths:

An averagre guy on minimum wage will only save a few hundred quid but they are £500 to £1,000 still worse pff with energy costs in the home.

Then you get a better off guy in better work may save £500 to £1,000, but still worse off with energy costs and they have bigger homes.

Then all the guys on over 150k who may save a few thousand but spends that in Dubia.

So none of the above people will help retail sales.

In the meantime the markets don#t like the budget so sell the £ and we pay more because we import more and inflation goes up.

All in all it's a terrible budget high risk and this country is going down the pan.

[shoesize19] 23/9/2022 17:54

On Monday there will be more of the same , Debsdowner and myself warned you all on here .

You losers should have listened .

Near penny shares now .

Debenhams fell to the same sliding chart , I believe it is unstoppable now .

Read my posts for over 3 months and you will see we called this correct again.

Oh Dear .

[creditcrunchies] 23/9/2022 16:58

The markets have gone bonkers, if it isn't oil or gas it's a sell even though they meet expectations with record profits with solid forward guidance. The yield is getting on 10% with companies with 2 or above times earnings dividend cover.

[creditcrunchies] 23/9/2022 16:54

Pretty funny really all of the stocks that benefit from the cuts have collapsed even more today. The forward guidance from all of those companies is meeting expectations but they've seen fund managers sell them -50% down, the government cuts tax for business the fund managers sell even more. Even though looking forwards corp tax cut, energy capped, beverages taxes frozen. The fund managers have got it wrong is all I'll say.

[debsdowner] 23/9/2022 16:35

MARKS at 2 billion market cap and with the £ slump some UK private equity may circle at some stage.

[xxxxxy] 23/9/2022 16:11

Frankly, I would be buying here, but got no spare money. Frustrating.

[xxxxxy] 23/9/2022 16:10

Long term investors should not panic... And not sell at these levels. .... CNBC

[creditcrunchies] 23/9/2022 13:37

I've never seen so many FTSE stock on PE of 4 and close to 10% dividend yield. Some big names as well.

[creditcrunchies] 23/9/2022 13:33

Fund managers are selling everything that isn't oil or gas producer related at the moment. There isn't much you can do except watch everything else go red on your screens for weeks on end

[debsdowner] 23/9/2022 13:00

MADE.COM shares collapse as it warns of fall in discretionary spend

[debsdowner] 23/9/2022 12:50

Yes the sun is shining particularly on us !

You can lead horses to water but cannot make them drink.

With the budget set to increase inflation Joe Public will pay more in the end and there is a risk of a house price crash.

The market doesn't like Liz Trusless and the stock markets turnimg red all over tjhe place.

[shoesize19] 23/9/2022 11:57

Debsdowner its collapsing like a pack of cards.

They will have to run for cover into the bunkers.

There is no stopping this now ,penny shares on the way .

We told them but now they will suffer the losses .

Its to late now ,they should have acted when they were warned .

At least the sun is shining

[debsdowner] 23/9/2022 11:43

Well the mini budget turned out to be a maxi budget reduction in various taxes inflationary, a large gamble.

Stocks fall BooHoo falls over 5%.

£ falls to new low v $.

[blackhorse23] 23/9/2022 08:39

https://www.google.com/amp/s/capital.com/amp/cury-currys-share-price-double