Marks And Spencer Share Discussion Threads

[debsdowner] 05/10/2022 17:00

ET

I think everyone remembers MARKS having a billion pound profit but it didn't last long before the share price slipped.

I also remember Philip Green bidding for MARKS although MARKS have done poorly since I think Philip Green would have drained the company like he did with BHS.

Philip Green is a gambler OK he understand some retail but he isn't the best operator.

It's a difficult market for most retailers at the moment with so many things going on and although MARKS tend to have better off customers not all their customers are well off and even TESCO have middle class customers because of their size.

[wigwammer] 05/10/2022 16:23

M&S vs Tesco customer... different wealth, different demographic, different geography.

[sikhthetech] 05/10/2022 15:31

EI,

I remember that too...Plus they only sold M&S branded food. How things changed quickly years ago...

I'm happy to drip feed around the 90s mark.

[essentialinvestor] 05/10/2022 15:27

Debs, Next got to near £51 this morning!, I sold yesterday at £48.26 thinking
that was a decent price, having bought a few following the warning.

Thanks for highlighting, just bought a small amount back but expect markets
have one leg lower, which may now be underway.

[blueball] 05/10/2022 15:22

Still 30% overpriced imo.

[debsdowner] 05/10/2022 15:20

ASOS down 7.2% NEXT down 6.2% it is a bleak day for retail I suspect this was down to TESCO results.

[essentialinvestor] 05/10/2022 15:19

I'm old enough to remember the year MKS made over £1 BN on pre tax and when they
would not accept credit cards!, such was their UK retail dominance in clothing.

For younger people that may be difficult to relate to, but it's true.

[diku] 05/10/2022 15:17

Norman era was different in comparison to today...but media tend to cotton onto it..look at Woodford the 5 star fund manager...one time wonders with a bit of luck...

[debsdowner] 05/10/2022 15:17

OCADO bounced back yeterday but being hemmered today most retailers having a bad day look like MARKS to break down again.

No support until 70s.

[porsche1945] 05/10/2022 15:13

Capital raise caused terminal problems along with overpaying for shxtty Ocado plus that idiot from Asda who has done nothing for 20 years except some arsing about with the self harming currency trashing brexit loony party(tories) Will go same way as Debenhams, another Jurassic park U.K. company. Terminal.

[diku] 05/10/2022 15:11

Probably mortgage free...asset rich but cash poor...I read recent article in media one third home owners are mortgage free...no doubt those who bought in 70', 80's and 90's and those who bought just before 2008 probably paid off near half of mortgage...hence CB's kept low rates to keep this cycle going...

[debsdowner] 05/10/2022 14:53

diku, I entirely agree but they must be suffering like all other retailers and outlook getting worse every day.

Dont forget some of their customers live in large houses may be retired and they will struggle like everyone else.

[philanderer] 05/10/2022 14:49

And another from TSCO this morning.

[diku] 05/10/2022 14:29

Sad to see MKS price trading in pence again...

[debsdowner] 05/10/2022 14:00

diku 50% of people still working from home.

shoesize Trustless fallen again in the polls worse than Borris or Corbyn and Kwasi fallen even further will only 10% of voters like him.

Tesco results shocked the market not me of course cos I knew shoppers were watching their pennies.

But they were warned here time and time again by shoesize and myself MARKS would drop further. 5% down at moment quite a fall today and US market to open yet !

[shoesize19] 05/10/2022 12:25

Trustless and Quazi , have not got a clue of how to run even fruit and veg market stall.

£0.75 penny shares on there way .

Shops are becoming empty due to lack of customers , that are struggling to feed and heat there Homes.

At least working at the office people keep warmer than working at home .

[diku] 05/10/2022 12:00

Think as Lord Sugar said recently working from home is nonsense...it may be good within certain sectors but should not be of choice or encouraged...but some compnaies have cottoned onto it to cut costs...in the process footfall economy suffers...how many are actually putting in proper days work working from home...how to do monitor....then there is the telephone line disruption or the person says sorry my computer is today slow...because they are probably on cheap slow internet package...

[debsdowner] 05/10/2022 11:26

50% of workers still workinfg from home which is shocking

The recovery in visitors to UK high streets and retail parks slowed last month, another indication that consumers were cutting back.

Data analytics group Springboard reports:

The uplift in footfall from 2021 diminished for the third consecutive month in September to just +6.8%, from +8.6% in August and +15.6% in July
Footfall in high streets was +9.5% higher than in 2021 (+13.9% in August), +7.7% higher than 2021 in shopping centres (+7.5% in August)
Around half of all employees continue to work at home for at least part of the working week impacting the recovery of footfall in high streets
Footfall in retail parks was just +0.3% higher than in 2021 in retail parks (1.7% below 2021 in August)

[diku] 05/10/2022 11:07

Think Truss didn't expect to win the contest...as though she was put in there to counteract candidates against Sunak winning...split the votes...Bojo loyalist were at play...

[debsdowner] 05/10/2022 11:00

diku I agree she isn;t the sharpest knife and not as sharp nor got the personality of Borris.

She does repeat herself a lot and not as sharp as Rishi Sunak who would have been a better PM. The labout members are going to regret voting her in.

When she gets into difficulty with questions she doesn't answer the question and relies on helping people with their fuel costs, so if someone tells her people will not struggle with their mortgages she reverts to the fuel criss and Putin.

But her attempt to cut top rates of tax disrupted markets and bond yields it also put pension funds at risk. She has caused immense damage since she has become MP.

On other matters even NEXT is down over 4 % today no doubt after TESCO warning.

[diku] 05/10/2022 11:00

Considering lot of shares lost value but FTSE still hoovering around 7k...something a miss...the 3 tier index aka Pharmas, Miners and Oilys distorting the index...

[diku] 05/10/2022 10:50

Truss is not fluent with her responses with interviews with reporters...think she is having to think before she talks and repeats over...hasn't grasped what other cabinet departments are doing...DC was good at talking to reporters...

[debsdowner] 05/10/2022 10:43

Liz Truss has gone down even further in the polls her rating worse than Borris Johnson at the worst peak and worse than Jeremy Corbyn. They will lose the red wall seats if there was an electiona and the Chancellor only has an approval rating of 10%



Trustless will be lucky if she lasts Christmas at this rate her party will want her out fear of losing their seats.