Marks And Spencer Share Discussion Threads

[sikhthetech] 03/10/2022 22:59

EI,

Some time ago, M&S changed their main focus to selling more food than other department's goods.

[essentialinvestor] 03/10/2022 16:50

I've spent nearly £5k in Marks on food over the last 12 months and have
one observation - there are too many shop floor staff in the food sector, yet if you go to the clothing hardly a staff member to be seen.

Whether my local branch (Brooklands Weybridge) is representative of others I don't know.

Over £4 for a large portion of frites now!.

[debsdowner] 03/10/2022 16:40

A number of new investors today hoping they have caught the bottom.

[sikhthetech] 03/10/2022 14:25

well I just bought a few..
;-)

[shoesize19] 03/10/2022 13:27

Debsdowner , The problem is they really haven't a clue , the punters are now stuck between a rock and hard place .

cash trapped punters , take there dealing cost out after buying costs and they are in in the just over £0 90 p value and a sell after , leave much longer then they will be in the £0.80s .

And here we go , no hope to make a bob or 2 , as its going down down down .

[shoesize19] 03/10/2022 13:21

Debsdowner ,Here is another of my posts BELOW THIS SCRIPT .made a nice lump of cash that time .but them times are now long gone .
Its bare territory now .
Ukraine war on , sevices ready to pack up . job losses, pretentious housing crash , negative equity .food ,fuel , electric ,clothing , rates and services , interest rates all ROCKETING UP ON A DAILY RATE .

shoesize19 - 11 Nov 2020 - 08:15:40 - 7455 of 11688 Marks & Sparks, chat and charts - MKS
I decided to buy a few thousand of these at 0.90 p ish .

I made the right call here.

Made myself a fair bit of money.

I think its better to grab hold have a really good feel and then when the time if right, let go and maybe do it again another time.

DOOM AND GLOOM ALL OVER TO

[debsdowner] 03/10/2022 13:14

Doom and gloom what can I say.

[shoesize19] 03/10/2022 13:10

Debsdowner ,
Here below is a post of mine some time back .and what Robot said .

shoesize19 - 01 Nov 2020 - 21:16:41 - 7313 of 11686 Marks & Sparks, chat and charts - MKS
I am new on here , so please break me in slowly .

I am wondering at what price should I wait for these to drop down to .

Seems a poster called Robot ic1 thinks 25 pence is a good entry level .

All advice welcome .

[shoesize19] 03/10/2022 13:06

Debsdowner they were warned months ago that they would end up penny shares .

Even before the ludicrous silly mini budget.

Qusi and Trustnot not got a clue what to do .

They are in the big pond now with the sharks circling closing in .

If there was an election tomorrow Labour would be in power .

If it get any worse we will be back to after the 2nd world war times .

If anyone needs a dentist now , there appointments will be up to 5 year wait .

Its frightening .

There will be no NHS , no care Holmes ,no social care ,no banks ,houses slump ,

All we will see is house reposition companies springing up all over the country .Families living at the roadside in tents. and cardboard houses .

[debsdowner] 03/10/2022 12:23

shoesize,

They refuse to listen let them burn their fingers now in penny share territory.

No support now til the 70s.

[debsdowner] 03/10/2022 12:21

Natwest has hiked interest rates to 4 to 6% becasue of huge demand in mortgage chaos and first time buyers are seeing a rise to 10.5% making a mortgage unafordable. Whichever way you look at this people are going to have little to spend, 30% of mortgage holders on a variable rate

[shoesize19] 03/10/2022 11:59

Next stop £0.75 , you will all see .

At least they are now in the pocket money territory, but will keek sliding down .

[davethehorse] 03/10/2022 11:42

They will be OK imo...load up time imo

[debsdowner] 03/10/2022 10:20

THG the Hut Group lost over 80% of its market cap from its highs and now less than 500m market cap.

Most retailers market caps collapsed, there may be a rebound for some but as profits fall and they will do with mortgage rates going up some won't survivive.

Morrisons getting in deep trouble at the moment had they remained on the stock market the could have done a placing.

Private equity thought they had grabbed a bargain buying Morrisons but they didn't foresee shoppers dessert tom the discounters, it will be difficult to draw them back now they have left and money getting tighter.

[wskill] 03/10/2022 09:30

Well for all that I am fully onboard the good ship MKS this share price will look like a gift in a few years time.
Things might even improve when Pension funds no longer have to hold such huge amounts of Gilts they will go back to buying shares for the long term.

[davethehorse] 03/10/2022 09:26

It's all blown up by the media, everywhere you look people ate still spending.....make your own judgement, massive rebound in the markets coming soon...imo

[creditcrunchies] 03/10/2022 08:56

I couldn't believe how busy our huge m&s has been the food hall rammed full of people, ended up in a huge queue for clothes with every till manned hardly any spaces in the car park. The Ocado delivery I asked the driver if it's busy he said there are too many drops it's that busy, he said people are ordering items for Xmas already. So compare that to the media news on other outlets I'm thinking it must regional. The people that go to m&s they're affluent and they're still spending as far as I can see.

[debsdowner] 03/10/2022 08:47

OCADO is still falling and NEXT fallimg 1.8% similar to MARKS.

MORRISONS heading for trouble as its borrowing costs are rising its customers dessert and it is now paying over £300 in debt interest which could wipe it's profits out.

[debsdowner] 03/10/2022 08:01

Markets opened over 1% down.

[debsdowner] 03/10/2022 07:57

BBC

"This is a massive and humiliating U-turn.

It comes only a day after Prime Minister Liz Truss insisted she would not abandon the tax cut for the wealthiest. It would also seem to undermine her central argument that growth depends in large part on lower taxes to attract entrepreneurs.

The government justified the U-turn by calling it a distraction from its wider growth plan.

But maybe the damage is already done in terms of the Truss government’s standing with the voters and the markets."

Liz Truss credibility gone, her iidea it would bring in wealthy individuals to the UK and create growth now in tatters.

[debsdowner] 03/10/2022 07:37

NEW BBC

Posted at 7:347:34

We get it, and we have listened - Kwarteng
Announcing his plans to ditch the 45p rate cut, Chancellor Kwasi Kwarteng said the plans had become a "distraction from our overriding mission to tackle the challenges facing the country".

Kwarteng says the government's plans were designed to "build a more prosperous economy".

He said it would focus on "delivering the major parts of our growth package", including:

the energy price cap
cutting taxes for "30 million hard-working people"
Moving ahead with "driving supply side reforms - including accelerating major infrastructure projects"

Writing the news on Twitter, Kwarteng said: "We get it, and we have listened.

[debsdowner] 03/10/2022 07:33

According to BBC Kwarteng is going to ditch 45p income taz pledge as many of his own MP's aginst the move.

Liz Truss said yesterday she was behind the move, this now shows she has lost control and having to U turn.

So her idea that rich people will come to the UK now out of the window !

The next thing the public will be looking at is what she does with benefits she has not provided any details about that at the moment and will have to do at some stage. If they don't go up with inflation there will be further backlash from the public.

The £ has risen overnight but I think it will stay volotile her plands for growing the economy are going up in smoke already.

It doesn't look good a PM only in a short time having to U turn on policies it looks like they haven't a grasp on what is needed.

[debsdowner] 02/10/2022 17:50

Pension funds been selling bonds and also equities due to pension funds sell off last Friday




"Ross Mitchinson, co-chief executive of UK broker Numis, said: “There has been the forced selling of everything — equities as well as bonds.” The UK’s domestically focused FTSE 250 has fallen more than 5 per cent this week."

[debsdowner] 02/10/2022 17:35

Depite Truss saying she is not modelling herself on Thatcher who was known as the "iron Lady" Truss says she will do things with an "iron fist" LOL the simularities or should I say Truss trying to model herself on Thatcher are blatant.

Truss admitting already she has made mistakes one of which is not explaining things properly and she says she will learn lessons from that not a good start to her role as PM.

She will be lucky if she lasts while Christmas she just hasn't got it in her she is not the sharpest knife in the drawer and plastic one at that.