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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Marks And Spencer Group Plc | LSE:MKS | London | Ordinary Share | GB0031274896 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.10 | 0.45% | 248.10 | 248.30 | 248.50 | 249.70 | 243.80 | 245.40 | 5,977,707 | 16:35:18 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Misc General Mdse Stores | 11.93B | 363.4M | 0.1842 | 13.49 | 4.9B |
Date | Subject | Author | Discuss |
---|---|---|---|
30/9/2022 13:48 | shoesize, dealing wifh benefit scoungers is something that Truss has got right but not easy to sort out some will get their benefits cut and make up for it selling drugs or doing other crime. But it has to be done there are a lot of layabouts and over a milion jobs to fill. Seems we have some new contributors on the thread looking whether to take a position. I would wait myself like shoesize this could go down to it's all time lows and the market seems to suggest that, Lets face it although trading may not have been too bad in current financial year the future is less certain as most people are going to be poorer through inflation, rent rises, energy costs and now higher morgages. All the GOV has done is ease the energy crisis but higher mortgage costs is a bigger hit to some familes than the energy shock. Furthermore no one would take the gamble of buying stocks before we know where interest rates are going and level off and also in the short term waiting until the OBR release their forecasts. | debsdowner | |
30/9/2022 13:28 | EI. I do like that MKS and NXT and bringing in other brands, giving an outlet to the brands that used to have concessions in the department store. This model should evolve over time. For MKS especially who have struggled with clothing it refreshes the offer and the data from the new brands will help the MKS buyers improve their own range. Both MKS and to a lesser extent NXT cater to a middle age plus customer which leaves Frasers selling to the younger market. There may be an opportunity for a similar retail concept to fit in below Frasers. The estates are a worry as new entrants can get better rents in a sector where footfall and rents are likely to continue to fall. I also like MKS investment in UK Ocado retail. As it builds scale, it puts up high barriers to entry. Like Tesla, it goes for the premium market first and as the network and costs fall they can expand into the middle market. Food discounters with their limited ranges squeeze from the bottom. | darrin1471 | |
30/9/2022 13:14 | Darrin, not holding here atm, I bought a very small amount of Next yesterday post the statement. | essentialinvestor | |
30/9/2022 13:01 | EI. Its hard to pick a bottom and drip feeding is a good tactic. I think you may do well over 6/12 months but I don't see the bottom yet in the wider markets so personally I am still holding back. I still think the recent boost in UK spending (energy and NI cut) has not been priced in and Christmas for retail and pubs will be better than currently expected. CPC and BOO missed my expectations but WKS and CARD met them. Next are still going to do record revenue and profits this year yet are 40% off highs and 33% off pre covid highs. | darrin1471 | |
30/9/2022 12:56 | About anything in UK retail looks highly speculative currently, most would agree on that. There will be survivors so it's more a question of profitability levels going forward. Sector share prices are currently cratering in tandem with earnings expectations. At some point that ends and it will not end in bankruptcy for all. Debenhams was a department store model and most of us who have been around for a few years are well aware of a primarily reason for their demise - taken private and loaded with debt by a PE owner before listing again. Whether they would have survived with lower debt levels..it may have just bought them more time. | essentialinvestor | |
30/9/2022 12:34 | The apparently solidest company could, in some circumstances, become worthless. It's a matter of probabilities though. Department stores as a category look doomed. Food and clothes retailers like MKS don't. The chances of MKS going out of business in the next few years are pretty low, but not zero. | cjohn | |
30/9/2022 12:22 | We've lost an astonishing 83 per cent of British department stores in the past six years. Some 237 buildings currently sit empty and purposeless, evidence of the seismic shift in our shopping habits. It's hard to believe that cherished independents such as Jenners of Edinburgh, founded 1838, and Boswells of Oxford, trading since 1738, have shut their doors for good. When the pandemic began to pick off our remaining big stores, it seemed to me like a pivotal moment in history: a moment to take stock of the fast-disappearing past. We're losing them as physical places, but we're also losing their narratives witness the vast Debenhams archive, currently in emergency storage with no public access,.... Nice article... Tessa Boase... Daily Telegraph | xxxxxy | |
30/9/2022 12:17 | It really does not matter what you as an individual thinks , As everyone else out there may think opposite to you and there is the problem you have . Look at Debenhams , then gone in a flash . everyone got burnt and lost there money . So you fill your boots with shares that might become worthless and brag about it . in the school playground to your mates and show them the bragger you think you are . penny shares heading down . | shoesize19 | |
30/9/2022 12:11 | Robert Peston @Peston PM and chancellor reject demand by Treasury select committee to accelerate publication of @OBR_UK assessment of prudence or otherwise of the tax cuts and fiscal loosening. With small recovery in £ over last 2 days, they are toughing it out, hoping they’ll be proved right. Risky | tomboyb | |
30/9/2022 12:10 | Just looking at this and tempted to buy a very small amount near current levels. A bid around £1.60 a share might succeed in the current environment?. Not holding ATM. | essentialinvestor | |
30/9/2022 12:10 | The vast majority of people on benefits have serious problems. A small minority are scroungers. A mature country and government accepts that a few parasites will take advantage of any benefit provision. That is part of the cost for providing for the unfortunate. What's the point of having a wealthy country, if those at the bottom are in a perilous state? Could I suggest some of you actually go to meet individuals with invalidity or chronic illnesses? You wouldn't be so sweeping and blase, if you did. | cjohn | |
30/9/2022 12:00 | Bought in here yesterday and this morning. If it drops dramatically further, will buy more. Looks way too cheap to me on fundamentals. 50% of Ocado worth close to the current MKS mcap, albeit Ocado is over-valued. | cjohn | |
30/9/2022 11:56 | Sold that particular chunk... For 3% return.No normality to proper deals until Putin gone.Let's see him in the Hague Court. | xxxxxy | |
30/9/2022 11:49 | My well informed source says . It will be £0.75 pence a pop before the end of October 2022 . So be warned | shoesize19 | |
30/9/2022 11:46 | Debsdowner , It always feels good to earn a living working and getting satisfaction that you have earned a living without the tax payer keeping you. Even though every week you run out of money and have to pawn items to get by another week on the other side , the scroungers that will not work or work and pretend they cant work , to let tax payers prop them up in luxury and do not run out of money and this it is there right to let tax payer give them a luxury life on the dss , they think . So let them scroungers suffer. Well done Trustless thats the only good thing in 3 weeks of your premiership that you might tackle and sort out .we will see. the rest you and the chancellor have done is wreck everything in the uk economy . You ned to consider your position and do the honourable thing and walk away from politics and get a proper job , like caring for old people in a care home for minimum wage and like it . | shoesize19 | |
30/9/2022 11:29 | Apple are 75% above their pre covid all time highs. Microsoft are 28% Nvidia 65% Alphabet 28% Is the world forecasting to be in a better place next year than it was pre covid. I would say no and that the value of these stocks still have further to fall which will take the indices and other stocks with them. Bargains to be had, especially in retail. Pick your winners and spread the risk for when we hit rock bottom. | darrin1471 | |
30/9/2022 11:09 | All this talk about the market reaction. It is like trying to guess what the village idiot will do next. They should run the country properly and ignore the market. The traders and shorters attacked the £ on this excuse. They will have to close their position or get burned. When I was shorting it was always a sweat on the leveraged position to be out fist or get caught. Obviously all low interest mortgages will be withdrawn. It is comical to fall for the narrative that Truss's budget is responsible for this mayhem. If anything the loss of wealth in America has been greater than in the UK. That said, if Truss modifies this budget then the feeble excuse for traders will have gone away, and they will close quickly. historic note; When Soros and his like attacked the £ by shorting it, forcing Chancellor Lamont to break his attempt to track the German Mark interest rates went up temporarily to 15% to defend the £. Soros made £1bn when he close his position the £ falling 15%. What amuses me is the fact that the £ soon recovered back to the original value and interstates fall back. It is all market bullish*t, opportunities abound. Derivatives mayhem, the kids do not understand them. Interest rates will never be 6% in the near future, if you believe that you have learned nothing from the past. | careful | |
30/9/2022 10:38 | Debs - It looks like a temp fix sticking plaster - The danger is if all the variables come together in a perfect storm - | tomboyb | |
30/9/2022 10:32 | careful, I am not saying everything Truss has done is wrong but don't forget there are some people on benefits who cannot work maybe from mental illness. There are too many people out of work however and they need to be forced into work. It won't be as simple as that however because there will be a percentage involved in both drugs and crime and they won't work even when benefits are removed. I dont agree removing cap on bonuses however nor reduction in top rate tax it gives the wrong message and causes inequality and the IMF thinks that as well. This is what has caused a lot of the volotility. We will have to wait now for the OBR report to come out to see how what she is proposing affects debt levels and if the market doesn't like that it will hit the £ again. The market hasn't bounced back as much as I had thought it would after the £ starts rising still under 7,000. | debsdowner | |
30/9/2022 10:24 | tomb, It does seem the mortgage market in trouble at the moment, I suspect there is a lot of profit taking with some mortgage brokers howver. It isn't going to calm down overnight either. News today was mortgage applications rose significantly in August, I bet they fall off a cliff now in October. | debsdowner | |
30/9/2022 10:22 | I like the direction of travel that Truss is going in, but she has more enemies than Thatcher ever had. Thatcher took on the miners and the Unions and fought a war in the Falklands. Her chancellor Lawson stood up in a budget and reduced the top rate of income tax from 75% to 40%. Sensational at the time, revenue went up. So Truss is suggesting that she will reduce benefits.About time. The message is clear, if you work hard and pay your taxes we are on your side. If your company thrives, employs people and pays its taxes, we are on your side. If you choose to loaf about not working, then the good times are over. Life will not be as cushy as in the past. We are all no doubt sympathetic to that bloke a while back with 13 kids, another on the way. He never worked, and the local council were knocking two semi's into one to give him room. And who would deny the immigrants crossing the channel free accommodation, food, healthcare, education and legal representation. I do hope she wins this battle, but it will be difficult. | careful | |
30/9/2022 10:02 | Debs - 10% Mortgage rates are apocalyptic - This is not the same market as the late 80s and early 90s. It is very different and those coming off fixed rates will be in big trouble unless something drastic happens - | tomboyb | |
30/9/2022 09:58 | Question Time member on BBC tols her mortgage application would double from 4.5% to 10.5% received gasps She was told to wait things out as things may settle down but mortgage rates are going up as BOE will have to do more wage rate rises/ | debsdowner | |
30/9/2022 09:53 | shoesize, its mainly one individual so I think I would ignore. If someone doesnt agrree with a post they should say why not. Also it is only a premium user who can tick down ! Bit of a bounce back with both the £ and GDP forecasts which said the UK is not in recession which is strange because last week the BOE said we were likely in one. Not all retail is up BooHoo still falling and Joulles bounced back after the company tried to reasure the markets after they closed. | debsdowner |
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