Marks And Spencer Share Discussion Threads

[debsdowner] 07/10/2022 15:06

Price breakout again on downside and close to crucial 90p level.

More new lows on Boohoo and retail stocks still falling I did think the bounce back wouldn't last but new buyers took no notice.

MARKS could well be heading for 70s range.

[shoesize19] 07/10/2022 10:26

Its not looking good .

In actual fact it is looking awful .

The uk economy being ruined by a conservative government that cannot do its job .

Kwosi and dontrussher, needs to step aside.

enough es enough now .

As debsdowner and I said you were told now you will pay the price for not taking notice of us.

How can it be any worse ,

So look at the shambles of the country uk is .The ruination of a nation. yet we won the last world war .

health service , dentists , care homes, food prices , gas and electric, interest rates, people that dont want to work but get supported and kept with the tax payer .
,vehicle fuel costs , morgage rate rises , property prices dropping .
clothes prices rising , shops shutting ,public striking continuously ,

Very sad indeed .

And getting nearer the predicted £0.75pence .

[debsdowner] 07/10/2022 09:43

UK retail sales slowing which is expected and will probably go negative next time round, but house prices falling is a nail in the coffin for householders who have remortgaged their properties.

It will spook new house sales and sales will probably stagnate.

[debsdowner] 07/10/2022 09:40

8.13am: FTSE 100 little changed at the open

FTSE 100 little changed in early trading with investors nervously awaiting US non-farm payrolls figures due later today.

Economic news failed to lift spirits with BDO reporting slowing growth in retail sales in September and the Halifax house price survey showing a fall in prices in September too, pointing to a colling in the housing market.

By 8.10am the FTSE 100 was down 3 points at 6,994 although the FTSE 250 slipped 71 points to 17,562.

Sterling was also little moved in early trading, down 0.05% against the US dollar at US$1.119.

Marshalls PLC (LON:MSLH) tumbled 22% after it warned that full-year profits will be slightly below market forecasts following a drop in demand for landscaping products from struggling households hit by soaring energy prices and inflation.

In a trading statement, Marshalls said it “now anticipates that the outturn for the group as a whole will be slightly below the bottom end of the current range of market expectations” of profits of £95.1mln-£101.0mln.

Peel Hunt slashed its price target to 470p from 830p but kept its buy rating.

On a brighter note, Superdry PLC (LSE:SDRY) saw its shares bounce nearly 10% to 112p after reporting a return to profit in the year to April 30 although it remained cautious in the near term citing economic factors including high inflation and the impact of these on consumer spending.

Superdry made an adjusted profit before tax of £21.9mln compared to a loss of £12.6mln in the previous year, revenues rose 9.6% to £609.6mln.

The retailer said it had made an encouraging start to this financial year but forecast profit would fall to between £10mln and £20mln pounds, as cost inflation puts pressure on margins.

Broker Liberum said it would leave its forecasts unchanged and reiterated a buy rating.

With a price target of 500p the broker said “The shares remain too cheap.”

“Superdry̵7;s return to profit in full year 2022, despite COVID’s impact, marks an inflexion point that gives confidence in its positive long-term trajectory” Liberum said.

7.48am: House prices fall in September - Halifax

The UK housing market is slowing, according to the latest house price data from Halifax today, with average house prices down 0.1% in September, leaving the average property now costing £293,835.

The annual house price inflation rate slowed for the third month in a row, to 9.9% from 11.4%, the lowest rate since January.

UK House Price Index UK (Halifax) announcement - Actual: -0.1%, Expected: pic.twitter.com/ucngddKtxD
— Spreadex Trading (@Spreadexfins) October 7, 2022

Kim Kinnaird, director at Halifax Mortgages, commented that house prices have been largely flat since June, as the markets entered “a more sustained period of slower growth.”

Kinnaird warned that house prices will come under heavier downward pressure in the months ahead, from rising borrowing costs and the cost of living crisis:

“While stamp duty cuts, the short supply of homes for sale and a strong labour market all support house prices, the prospect of interest rates continuing to rise sharply amid the cost of living squeeze, plus the impact in recent weeks of higher mortgage borrowing costs on affordability, are likely to exert more significant downward pressure on house prices in the months ahead” Kinnaird.

[netcurtains] 07/10/2022 07:57

Are the super dry results considered good or bad I can no longer tell.
On paper they seem to have played a blinder but the market always sees things differently to me.

[jsg123] 06/10/2022 17:17

Shorts increasing again, how low do they expect this to go?
Despite all the obvious headwinds and current situation, I thought Marks was in quite decent shape compared to a couple of years ago.
Someone posted 75p, surely the Mcap is worth more than that.

[debsdowner] 06/10/2022 16:45

It's hanging in the balance the footsie 100 in the Red and 250 Blue and MARKS fell at close.

MARKS at a precarious level now you always get some who think £1 was a major support then buy in then those who think it has now lost the £1 critical support and sell.

It is however a bearish trend and the talk is now of power cuts in the UK not much good news to support the company.

It is also end of trading period !

[shoesize19] 06/10/2022 13:06

A large splash vertical line downward

£0.75 on its way .

[shoesize19] 06/10/2022 12:07

wigwamming you go ahead and filter me , I do not care a jot

Hope you are at losses with plenty of cash in the bin , fill your boots with your empty £s.

Debsdowner and I have predicted continually what it going on with share value,
its called team work.

But as I am filtered by you then there will be no comments from you my way .

I will comment to you though

[wigwammer] 06/10/2022 09:52

I predicted it too debadowner. I haven't owned the shares. But with respect, so what? The investment case changes as the valuation changes. It is different sub £1, than it is at £2+.

[wskill] 06/10/2022 09:44

We need to help those on benefits to get back into the workplace the days at work are your best days for the comradery and banter,their problem is that this is something they have never experienced .
What a miserable life they must have watching daytime television when they could be working I am unsure what approach would work best for them the carrot or the stick maybe a bit of both.

[diku] 06/10/2022 09:35

Putting money in peoples pockets?...depends who's pocket...rich pockets...

[debsdowner] 06/10/2022 09:18

Well done Trustless she was saying at the confeencee yesterday she would be putting money in peoples pockets that is not what the IFS say.

[debsdowner] 06/10/2022 09:15

wigamer.

Shoesize has however predicted the downside a number of times and also the last low. I suppose he is just relaxing on his stressless leather armchair just watching the demise.

The news of the day today is Fitch has downgraded UK debts and we hear this morning that OPEC oil production will be cut pushing oil prices up and adding to inflation.

The tax cuts won't help brits.

8.25am: Fitch warns of rise in UK deficit, IFS says tax cuts will not benefit households

The decision by Fitch to move the outlook for the UK's credit rating from stable to negative is largely driven by the fact that the government has not yet announced how it will fund its tax-cutting package.

Despite earlier suggestions, there is still no sign that the costing statement will be brought forward from 23 November, although there is still pressure for this to happen.

Fitch said: "The large and unfunded fiscal package announced as part of the new government's growth plan could lead to a significant increase in fiscal deficits over the medium term.

"We consider that statements by the chancellor hinting at the possibility of additional tax cuts and the likely modification of fiscal rules legislated in January reduce the predictability of fiscal policy."

Fitch was not the only one to come out with its verdict on the mini budget.

The Institute for Fiscal Studies said that by 2025-26, the cuts will not only put a considerable strain on public finances but it will not benefit households either.

It said the freeze on thresholds for income tax and benefits will take away £2 for every £1 given through the cuts.

[netcurtains] 06/10/2022 08:21

"ordinary decent people" (whatever demographic that is meant to be)....
realise that advertising has always promoted false pictures (rose-tinted) to promote products.

What people who spend the most (young families - Millenials) want is a slightly left-of-centre advert because they want to think of themselves as slightly "cool" and on-trend (even though they are approaching middle age).

M&S might appeal to a slightly older clientele but if they want to capture some of the millennial market they will need to be a tad more leftie - which judging by current developments they appear to be taking on board..

[wigwammer] 05/10/2022 20:56

No prob with a 75p target, but there is nothing of substance in your post to justify it. So with respect, will put you on filter. ATB

[xxxxxy] 05/10/2022 20:31

CTCornelius Tacitus9 HRS AGOMessage ActionsTesco appears to be dancing on the edge of wokeism, many of their adverts like those of JL/Waitrose and others depict distorted images of our nations demographic makeup. Many also have lopsided LGBTWXYZ or whatever biases.They also are attempting to force us to work as unpaid checkout operators, whilst their so called 'self service' check outs, continually accuse anybody foolish enought to use them of some form of larceny.What do they not understand, ordinary decent people do not appreciate being the subjects of attempts at social engineering or the promotion of minorities whilst excluding them. Nor do they appreciate being accused by a machine of being a thief whilst receiving zero customer service.Price is not the only determinant of where one spends ones money.... Daily Telegraph

[shoesize19] 05/10/2022 20:02

So here we go again dedsdowner .
Today has been like a loose womans drawers .
Today ,down and up, and down and up ,down and up , and still in penny shares .

£0.75 pence coming .

We told them and they do not listen .

Trustless and Quazi , need to stand pack .
not capable of dealing with the counties affairs .

[debsdowner] 05/10/2022 19:47

PMI's

Meanwhile, the PMI for the services sector declined to 50.0 from 50.9 in August as inflationary pressures dented discretionary spending, but was ahead of the flash reading of 49.2.

That still marked the weakest service sector performance since the national lockdown in February 2021.

“September data highlighted an absence of growth in the UK service sector for the first time in 19 months as the energy crisis continued to hit business and consumer spending,” said Tim Moore, economics director at S&P Global Market Intelligence.

“Severe pressure on budgets in the wake of rising inflation, alongside deepening worries about the economic outlook, also led to a reversal in new order volumes for the first time since February 2021.”

[debsdowner] 05/10/2022 19:41

SAINSBURY recent chart is similar to MKS from the decline but it is a 7 year low !



Market cap for Sainsburys around £4 billion just over twice MKS but they are forecast to make circa £800 million pre tax and a dividend yield 5.3% !

But will Sainsburys warn ?

Not according to latest RNS 26th Sept

[debsdowner] 05/10/2022 19:32

Brokers say:

Strong buy 4; Buy 2: Neutral 4; Sell 1; Strong sell 3:

14 brokers

[wigwammer] 05/10/2022 19:32

They may well warn debs, the point is the shares have already fallen because the market is already anticipating something.

[debsdowner] 05/10/2022 19:28

The aquisition of GIST will contribute a small amount of profit and so will Jaeger. However one of the brokers and I think it was the house broker said profits could be wiped out if trading deteriorated.

The company has a duty to issue an RNS if they miss profit forecasts by 10% but working them out is difficult due to exceptional items.

Interim period ends 2nd October just gone so the company should know where they are now last interim from sharecast pre tax £187.30

Now they may meet that or do slightly better but will they warn things have deteriorated ?

I wound't like to say any thoughts ?

[essentialinvestor] 05/10/2022 19:15

KGF worth keeping an eye on, it's been a highly reliable recovery buy during previous
recessions. Kingfisher traded down near £1 in both the GFC and March'20 COVID plunge
low. Silchester, who are usually pretty shrewd have just doubled their holding
to over 10%, But Marshall Wace still short KGF, might wait for MW to close their
short - not holding ATM.