Marks And Spencer Share Discussion Threads

[darrin1471] 11/10/2022 13:14

Frasers Group plc just notified £4.6m position in online clothes retailer Brown Group BWNG

[darrin1471] 11/10/2022 10:00

Marks Electrical update
H1 Revenue +15% YoY% (13.7% 1st 4 months)
debt-free, maintained inventory levels, paid maiden dividend, and closing net cash position of GBP7.7m (FY22 GBP3.9m)

I think revenue growth is lower than they were forecasting earlier in the year. Will need to go back and check.
Do not hold yet. Catch a falling knife.

[wigwammer] 11/10/2022 09:59

Rising in a very weak market. Institutional short sellers reversing?

[debsdowner] 11/10/2022 09:08

Two way pull at moment.

[debsdowner] 11/10/2022 08:49

Mixed news on consumer spend/retail sales which are falling behind inflation despite rise in data...



9 in 10 people say they are worried about rising bills.

On other news BOE warns of material risk to financial stability...



Both the footsie 100 and 250 well in the red as global stocks continue to fall.

Nurses not to get the rise they asked for say health secretary and offered

Unemployment falls to 3,5% but pay falling behind inflation.

[blackhorse23] 11/10/2022 08:16

Electronic retail market is good , bought some CURY (LSE) , interim dividend announcement in 2 weeks

[wigwammer] 11/10/2022 07:33

Retail sales up 2.2%. Great stuff :)

[essentialinvestor] 10/10/2022 20:42

Debs, ..collapse, is overdoing it. Fitch mentions a 1% fall in UK GDP
for 2023. Not pleasant for sure.

MKS share price is well ahead of weaker fundamentals, in a downtrend since mid January 2022. A lot depends on their November forward guidance.

[debsdowner] 10/10/2022 19:34

BRC retail sales data out after midnight, market makers marking up leading buyers into false sense of security ?

If retail sales data dissapoints market makers can mark down on market open and have made themselves a tidy profit.

[wigwammer] 10/10/2022 19:22

Encouraging resilience today :)

[debsdowner] 10/10/2022 16:41

UK economy is going to collpse and so will consumer spend Fitch downgrades UK economy again as interest rates set to go even higher than previously forecast.....

The ratings agency - which last week downgraded its credit outlook on the UK to ‘negative̵7; from ‘stable’, citing the mini-budget - now expects UK GDP to shrink 1% in 2023, having forecast a 0.2% contraction in September.

It cited "“extreme volatility" in UK financial markets and the prospect of sharply higher interest rates.

The ratings agency noted the sharp selloff in government bonds and sterling following the mini-budget on 23 September, "as sizeable unexpected and unfunded tax cuts - coming on the back of a large-scale energy price subsidy - signalled sharp increases in government borrowing".

Fitch now expects much more rapid interest rate rises from the Bank of England as it tries to offset the impact of looser fiscal policy and a weaker currency on inflation, "buttress investor confidence in sterling assets and demonstrate its independence in the face of increased financial market concerns about fiscal dominance".

The agency now expects the policy rate to rise to 4.25% in December from 2.25%, and to hit 5.0% by the second quarter of 2023. Previously, Fitch had expected rates of 3.0% and 3.25%, respectively, which was below market expectations.

"Rising funding costs, tighter financing conditions, including for mortgage borrowers, and increased uncertainty will outweigh the impact of looser fiscal policy in 2023," it said. "Fitch sees the economy entering recession from 4Q22 as rapid rate rises compound the impact of the energy crisis and the contraction in the eurozone."

[xxxxxy] 10/10/2022 15:35

Basically, the wild card is Putin, here today, gone tomorrow... Well soonish, sometime.

[xxxxxy] 10/10/2022 15:33

Various target prices... Bit like looking at the runes...... https://investing.thisismoney.co.uk/broker-views/MKS

[essentialinvestor] 10/10/2022 14:31

Broooklands Weybridge my local and it's usually busy day time,
their cafe situated on the second floor must be a gold mine as it appears
permanently packed.

Then again if MKS could not make money in Weybridge there is little hope!.

[creditcrunchies] 10/10/2022 13:55

Our local m&s is rammed every week if I go in there late afternoon the shelves have sold out of what I usually buy. I just wonder if down south they're busy but the rest of the country there's a different state of the economy

[wskill] 10/10/2022 12:00

£1,876 m market cap and £699m free cash flow ,the local Marks is overflowing with customers its full every time I go .

[wigwammer] 10/10/2022 11:51

I also managed to get some below 94p. Happy days :)

[wskill] 10/10/2022 11:40

Had to do an at best order to get a top up this morning unusual as BARC always manages to get me a quote.
Maybe a little over sold by our shorting friends.

[debsdowner] 10/10/2022 11:31

Share price moving up on potential DOW up this afternoon but if DOW falls so could MARKS.

[wigwammer] 10/10/2022 10:54

110p = nice earner in this market :)

[philanderer] 10/10/2022 10:39

if we're lucky ;-)


RBC cuts Marks & Spencer price target to 110 (140) pence - 'sector perform'

[wskill] 10/10/2022 10:11

With a bit of luck MKS will have another share buy back with the results that will help the shorts close, hopefully its not the same as last time 20% less shares in issue would be a problem.

[wigwammer] 10/10/2022 10:05

Bad news priced in? Looks like a grown up reaction on a weak day for the market.

[debsdowner] 10/10/2022 08:55

darrin thanks.

Joules considering a CVA.

MKS falling towards the 80s suggest to me a potential profit warning.