Marks And Spencer Share Discussion Threads

[debsdowner] 09/10/2022 11:07

The worry over pensions not over yet which is explained here:



The BOE would probaly step in if there was another cliff edge like we had after the budget.

Wonder if pension fudds been selling MARKS? Possibly.

[debsdowner] 09/10/2022 10:52

darrin, you could be right on mid 80s I was thinking of lowest day in last 3 years but it may have been 80s and not 70s.

On that basis MARKS heading for a 10% to 15% fall from here in worst case scenario which isn't a lot on a few falling days.

Ridiculous valuation but not if the company profits evaporate with 18 months of UK decline.

End of war could boost UK growth but the UK in a bad state at moment.

[debsdowner] 09/10/2022 10:41

darrin, did aplianced direct buy out Laptops direct? I say that because I bough a phone from laptops direct and invoiced from appliances diect?

On MARKS lowest share price it did for a short time fall to the mid 70s if my recollection correct QANTAS and I debated the fall.

As to trading it is anyones guess but results out next months around the 10th and I would suggest new investors await results there could be a profit warning of some sort particularly outlook statement.

As to market cap with the £ low a bid could come from US. But private equity buy out on Morrisons turned sour.

KANTAR should update soon I think this week on UK grocery market share I suspect ALDI and LDL still gaining market share as customers trade down.

[jsg123] 08/10/2022 22:24

And to read the balance sheet, because M & S seems to be in fairly good financial shape, regardless of the probable not so good year.
It's being priced like it's struggling both fundamentally and with the chronic doom and fear backdrop.
FY results in May, 1.2 billion cash, net dent reduced to 2.5 billion, net assets over 7 billion. Come on get grip Mr market.

[netcurtains] 08/10/2022 19:59

Against that the shops are really busy.

We have to remember that newspapers have to make everything
sound like a crisis otherwise...

I would recommend investors to just go shopping every now and again.

It really is not that bad. for sure its a tough market but probably
the market is over reacting...

Cheers Net.

[darrin1471] 08/10/2022 19:08

EI, UK retail is following US retail on the stock markets but I think the story is very different.
US had Covid stimulus which seeded inflation. Feds higher rates are there to slow down demand.
UK this summer already had demand destruction caused by inflation and energy costs. This demand destruction has been reduced by capping energy and the NI cut. A slowdown in UK retail is not needed and has so far only been very mild. A positive retail Christmas in the UK is not expected or priced in.

If US inflation and reporting season disappoints then the next month could see all UK retail significantly below current values.
Then the FED is then predicted to reduce rate rises to 0.5% in mid December and 0.25% in January. IF we have a big sell off over the next few weeks (10-20%)then the markets may see this as capitulation (IMO wrong)and there may be a significant Santa rally following through to the Spring in the belief that this is the interest rate pivot (IMO wrong).
In this scenario we may see a 30% bounce and 200% in significantly undervalued stocks.
Beyond spring, a bad 2023.

[essentialinvestor] 08/10/2022 18:16

Darrin, market is not just focused on Christmas though, it's 2023/4 earnings
and potential for downgrades.

Next year looks pretty bleak ATM, but we could wake up one day to Putin being removed,
energy prices plunging and a huge risk on rally - wishful thinking may be.

[darrin1471] 08/10/2022 17:46

EI. How low can MKS go? They closed at 85p 10/05/2020.

Turmoil of last few weeks has brought forward the higher mortgage rates and will have dented consumer confidence.
However despite this I still believe the high street will out perform current expectations over Christmas. The downgrade from Next was tiny and I think MKS customers are likely to be in a slightly financially better position than NXT.

In 11/2021 MKS forecast Ocado retail would have lower margins due to "immature capacity" which contributed to me selling.
I had hoped to buy back at 150p but the wider sector has taken everything down.

The increasing shorts ahead of results is a concern.

Christmas started early last year as customers bought early due to press reports of Christmas shortages and Omicron worries. This may make weekly YoY figures look poor into November.

Autumn clothes sales will have been slow due to the mild weather balanced against people talking of wrapping up warmer at home.

Today is a good entry point but I have no doubt there will be a better one in the weeks ahead.

[essentialinvestor] 08/10/2022 15:53

Debs, not much to say until we see the next update.

I favour Next and KGF in UK retail, but as mentioned during the week
KGF got down near £1 a share on two previous occasions. Next could trade below £35
if wider markets sell off hard.

MKS will survive the coming recession, but in terms of how much the equity value is
worth.. - there is the outside possibility of a bid. Not holding MKS atm
but staying on a watch list.

[shoesize19] 08/10/2022 10:20

Its going down faster than the Russian ship a few months ago .

and wiggleloooooooooser will looooooos , and will filter this whole blog of posters .

[debsdowner] 07/10/2022 21:46

ALDI now at 9.3% of grocery market ahead of Morrisons and set to gain more market share, no figures on MARKS but they must have lost some sales in the millions.

[debsdowner] 07/10/2022 20:51

Going down quicker than a slappers knickers.

[debsdowner] 07/10/2022 20:49

Dow also going down well over 2% at moment which suggests Footsie 100 and 250 will be in bearish territory next week.

There is nothing to support MARKS now could see a new low.

[shoesize19] 07/10/2022 20:15

Debsdowner , . you and I know through proper research that this is going down down down . and wigloooooooooooooooser cannot stop that .

[debsdowner] 07/10/2022 20:03

shoesize,

Wiganer is delusional thinking we are the same poster desperate seeing his stake fall.

[shoesize19] 07/10/2022 19:59

Wigloooooooser , you are a troll, go and suffer with your losses and more to come next week ,you lump of used food .

Your not welcome on here , go back to your other haunts that u used previously .

Its going down again next week again , low £0.70s coming shortly and there is nothing you can do about it .

Just like I and debsdowner predicted , as we have done the research and constantly research , on where this is going and it aint good thats for sure .

[blueball] 07/10/2022 19:40

stay in cash.

[wigwammer] 07/10/2022 19:15

Am sure debsdowner is busy talking to himself (shoesize). The trick to being a paid troll is to apply character and humour to keep people engaged, I suspect many have filtered them instead. ATB

[debsdowner] 07/10/2022 18:59

shoesize, wiganer must be peed off sickemed losing money, they thought they had caught MARKS bottom but it jumped then fell back even worse.

The fact it was their own broker from memory said profits could be wiped out. End of tradig period is also causing jitterrs.

[wigwammer] 07/10/2022 16:48

Debsdowner filtered. Repetitious negativity that adds little. ATB

[wigwammer] 07/10/2022 16:43

Wish you would :)

[debsdowner] 07/10/2022 16:37

Everyones gone quiet ?

Low of circa 93 to sell.

[debsdowner] 07/10/2022 15:13

BRITS stocking up therman underwear say John Lewis shows how worried shoppers are of heating costs this winter..