Marks And Spencer Share Discussion Threads

[careful] 29/9/2022 13:25

Tempted here to add, an amazing long term investment.
A market cap of £1.91bn is staggering.
It implies that MKS are incapable of making a pre tax profit of around £200m on their almost £11bn turnover.

The trouble is that if we have cash it is becoming an attractive asset.
Yesterday I bought some Gilts, Treasury 2027 yielding 4.7%.
When we can get a risk free 4.7% who needs shares?

That is the problem right now, the markets are behaving sensibly. If debt is getting dearer, customers worst off, the £ is weaker so imported goods dearer, it makes it difficult for companies to make a profit.

Logical to buy HMG debt and get a safe 4%+ yield.

[xxxxxy] 29/9/2022 13:21

OCT 2022NEXT EVENT12 October 2022Strategy Update - Capital Market EventADD TO CALENDAR09NOV 202209 November 2022Announcement of half year results... MKS site

[philanderer] 29/9/2022 13:19

Ominous update from NXT today

[xxxxxy] 29/9/2022 13:09

This is tempting me to add.

[debsdowner] 29/9/2022 11:32

QANTAS

NEXT and John Lewis both bellweather stocks. At least NEXT is making significant profits I am surprised they don't buy back shares like Frasers to keep the share price up.

The £ up a bit late morning but it will still be very volotile in the current crisis. Seems Liz Truss not changimng course she is probably hoping markets will settle but I am not so sure.

I was listening to some financial guru on Peston last night and he was quite gloomy on UK ecomnomy blaming BOE for lagging well behind FED in raising rates, I think the BOE didn't want to harm housing market but its overheated in any event so that was a bad call.

[qantas] 29/9/2022 10:39

Good morning debsdowner we need Robot back; however, he does have a lot of sad cases in his moat and has to keep an eye out for escapes.


In equity markets, Next slid after the retailer cut its sales and profits forecast on the back of the weakening economic outlook, including the recent turmoil in currency markets.

Next now expects full-price second-half sales to be down 1.5% on the previous year, compared to earlier guidance for growth of 1%, while full-year profits forecasts have been trimmed to £840m from £860m.

[creditcrunchies] 29/9/2022 10:14

It's the risk playing your cards whilst the recession has only just begun. Europe is out of kilter with the US meaning that the Fed are going for more hikes until the US goes into recession. Very difficult propping a currency in this environment the rates would need to be so high we'd be in a very deep recession with a GDP debt ratio of over 120%. Now that doesn't help your currency

[debsdowner] 29/9/2022 09:14

Mark Carney former BOE govefrnor critiscises the present GOV



In other news Liz Truss pops are head up after being in hiding and maintaining the budgeg was the right thing to do.

Borris must be laughing his socks off due to turmoil in markets.

NEXT has cut it's sales forecasts hence larger fall in its sales.

With the 3 falling again it may push the BOE to bring forward interest rate rises.

[debsdowner] 29/9/2022 09:02

Johwise, I suspect that paper was written before the market turmoil budget.

If the GOV intervengtion yesterday was to calm markets it hasn't worked the £ on the slide again,

Both the footsie 100 and 250 being hammered.

Even NEXT is down 10% BooHoo reaches new lows down 7% stocks are showing red all around the board.

Marks in the 90s teritory now and they could reach the all 10 year lows again in the 70s.

Shoesize must be preparing more grim posts after he has relaxed in his leather armchair taking it easy thinking I told them so.

[johnwise] 29/9/2022 08:35

Marks and Spencer Group Plc 28.1% potential upside indicated by Deutsche

[debsdowner] 28/9/2022 18:16

BooHoo reverts to a loss and margins are fallin



As to other news although the BOE have intervened in bonds market I expect more turbulence BOE is expected to continue to increase rates.

[creditcrunchies] 28/9/2022 15:06

Storm in tea cup in reality. The Fed have been doing this on daily basis for over decade then all of a sudden starts hiking like crazy. Nobody can keep up with hikes like that in Europe without crashing the economy

[debsdowner] 28/9/2022 14:32

shoesize, the BOE had gto step in to buy bonds butg they should be increasing interest rates NOW !

The market will force the BOE hand if they dont get of their butts.

People are panicking over there variable rate mortgages and the city in turmoil.

Labour are calling to recall Parlaiment to probaly reverse the budget.

Truss won't be getting any sleep lately over the finacial crisis people are selling stocks to raise cash.

Not a good situation.

[creditcrunchies] 28/9/2022 11:19

Gotta be sitting duck for a takeover now

[shoesize19] 28/9/2022 08:49

Very quiet on here , they are suffering and love it .

[darrin1471] 27/9/2022 20:23

3 declared shorts now on MKS

BlackRock Investment Management (UK) Limited 0.92%
Marshall Wace LLP 0.52%
Millennium Capital Partners LLP 0.51%

Total 1.95%

[debsdowner] 27/9/2022 20:03

careful, surely it depends which bonds you are buying?

I suspect many company bonds falling but GOV bonds rising and that is why stocks are crashing the money people rushing into GOV bonds.

I noticed Blackrock increased their MARKS holding but take it with a pinch of salt as they have also been shorting MARKS.

[careful] 27/9/2022 18:51

So many pension dreams are being shattered.
Some opt for low risk when asked.

That means bonds, not low risk at all.
Bonds have been crushed along with equities.

In America where the ideal portfolio was assumed to be a 60/40 split.
60% shares 40% bonds, the old assumption that if one is struggling the other will be gaining no longer holds.
Typically in America both are 20% or more down.

Opposite to the artificial situation in the recent past created by central bankers, both bond values and share values were growing.

Looking at MKS and many other crashed shares, it amazes me how far they fall on low volumes.
Low liquidity seems to be the problem. Put crudely, when hedge funds run out of cash because their bets go wrong they have to sell something that is easy to sell.
quality shares are the answer, always able to find a buyer even at a low price.

I guess you would not get much for your Ferrari in a poor African village.
No dosh..no liquidity.

[debsdowner] 27/9/2022 18:24

darrin, will try and keep it going sorry if there has been a lack of that lately the markets have upset where things are going in general.

There was a bit of an uplift earlier on but the footsie 250 taken a hammering again and the Dow falling again at the moment.

It is bearish for most stocks at the moment.

[xxxxxy] 27/9/2022 13:07

M&S LAUNCHES NEW VEGETARIAN RANGE AS DEMAND FOR MORE VEGGIE OPTIONS GROWS23 September 2022New 'Veggie' range launches this week offering 14 delicious vegetarian meal choicesResearch reveals over 60% of vegetarians are unhappy with current supermarket and restaurant options*Launch builds on success of M&S' Plant Kitchen vegan range with sales up 23% YOY compared to 21/22.... MKS site

[darrin1471] 27/9/2022 10:30

debs. I liked your thread because of the retail news on it.

[debsdowner] 27/9/2022 10:18

As investors start to wake up to the reality of the bodgit both the Footsie 100 and 250 falling again, investors are tsaking fright at the increase in borrowing cost for business which could wipe out profits.

[debsdowner] 27/9/2022 10:05

Footsie 100 strats to fall again.

[debsdowner] 27/9/2022 10:03

What happened yesterday was worst devaluatrion for hundreds of years and worse than the when UK was forced out of exchange mechanism. No wonder Kwarting refused to comment yesterday he was gobsmacked at repercussions. Pound up slightly today but only on basis we will see a lot higher interest rates and still poor value;