Marks And Spencer Share Discussion Threads

[smurfy2001] 12/10/2022 13:35

M&S to close one in four bigger stores selling clothing and homeware

Retailer to open 104 Simply Food outlets as high street chain speeds up turnaround plan amid rising costs

[debsdowner] 12/10/2022 13:10

Sudden downturn I wonder if the Institutional Investor Presentation not gone down well?

But it could just be the marktet but the share price not looking good.

[essentialinvestor] 12/10/2022 12:59

MKS net debt figures mentioned earlier by someone excludes lease liabilities
which are now on balance sheet. As for MKS being debt free by next January excluding
lease liabilities ..no chance, not even close.

[debsdowner] 12/10/2022 12:21

Investor presentation worth watching later today as most people will be watching PM questions which is still ongoing.

Bear in mind the company won't be giving a clue to current trading and readers will have to wait for interim results on 9th November.

[debsdowner] 12/10/2022 12:18

Marks Spencer

"Marks and Spencer Group PLC is holding an investor presentation today for institutional shareholders and analysts at which its new leadership team, led by Stuart Machin and Katie Bickerstaffe, will set out a number of strategic ambitions to reshape the business for growth, whilst increasing resilience from strengthened foundations. Against the background of adverse macro-economic conditions, M&S is increasing the pace of change to create a higher productivity business reducing costs, increasing margins and shifting volume into growth categories and channels.

The presentation for the day will be available on our corporate website at 12pm UK time at Results Reports Webcasts & Presentations | Marks & Spencer (marksandspencer.com) and a replay webcast of the event will be available later in the day. There will be no update on current trading performance or our financial results. M&S will next update the market at its interim results presentation on November 9th."

[debsdowner] 12/10/2022 11:23

Barrat:


"The homebuilder said private reservations, the average weekly number of homes reserved at its sales sites, has dropped to 188 in the last quarter, the company said in a statement Wednesday. That’s down from a weekly average of 281 during the year through June."

[darrin1471] 12/10/2022 11:13

shoesize19 - 01 Nov 2020 - 21:16:41 - 7313 of 11818

"I am new on here , so please break me in slowly .

All advice welcome ."



So much knowledge gained in less than 2 years.

[s34icknote] 12/10/2022 11:12

Net debt reduced by a billion pounds in accounts April 2022.Debt was 420 million So may be debt 150 million with gist takeover ??Debt free by January ??

[debsdowner] 12/10/2022 11:11

darrin, I NI cut energy cap will only prevent a bigger dissaster imo we are already in a recession imo.

Even the IMF think things will deteriorate next year.

Cash is King UK gilts 2027 were oversubsribed yesterday at over 4%.

With bonds yields still climbing why would anyone want to buy stocks with no certainty of earnings, and dividencs at risk.

Barrat also warned today on house sales seeeing a significant decline in reservations. Cannot remember the exact figures but something like a 30% decline.

[tradejunkie2] 12/10/2022 10:40

shoesize19 has small shoes so therefore has a small todger 😂

[shoesize19] 12/10/2022 09:59

Debsdowner , The down tickers have disappeared , suffering with there massive money losses .
The cash trapped but only option to sell at a loss .

£0.70s on the way .


Marks now in the penny shares department .

Who would have though it , apart for Debsdowner and myself.

[darrin1471] 12/10/2022 09:53

IMO energy cap and NI cut will boost UK retail sales pre Christmas.

Angling Direct lowered revenue and profit outlook for the full year today. Another retail stock undervalued for when the market rebounds. Not holding yet.

[shoesize19] 12/10/2022 09:52

Debsdowner the big shouter on the orange box wiglooser bragging about buying at the bottom.
Well yet again in the lost money camp, with the other idiots that haven't a clue what to do.

You couldn't make it up , even school children could work out what is happening here , it is going down down down .

[debsdowner] 12/10/2022 09:25

Recession....

"But ONS Chief Economist Grant Fitzner said that lots of other customer-facing businesses like retail, hairdressers and hotels were "faring relatively poorly" in August."

[debsdowner] 12/10/2022 09:20

GDP missed market forecastts and footsie shrinks clobbered the market. Some thought they had caught the bottom again yesterday but they were wrong.

Markets in bear territory, most retail stocks down 3-4% or there abouts.

[xxxxxy] 12/10/2022 07:09

Ukrainian food brands are in talks with major UK supermarkets to roll out an initiative to support the war-ridden country's manufacturing sector.Ucare – a coalition between Ukrainian food producers, several government agencies and retail expert FoodTech Shelf – has confirmed it is set to debut its 'Ukrainian shelf' initiative with Asda... The Grocer

[debsdowner] 11/10/2022 15:24

UK footsie 100 -1.3 and 250 -1.7% in the red could be Kwasis questions and answers in the commons or IMF downgrading UK next year. US markets still in bearish mode.

[debsdowner] 11/10/2022 15:22

netcurtains, that is what the market is hoping for MKS still growing food but is a gamble.

darrin, gaining market share is the hope but consumer spend will slow down furher later on this year and nex year.

Seems people have been buying electricals with lower power consumption and spending saved incomes during lockdown but that will slow.

I would want to see another 3 to 6 months trading on Marks Electrical before I was sure they are gaining momentum.

OCADO is falling 4% more selling pressure.

[darrin1471] 11/10/2022 14:43

I think Marks Electrical can keep on taking market share and will see double digit plus growth.
They still have very low customer awareness. Online only, single site lowest cost operation with the best trustpilot score.

[netcurtains] 11/10/2022 14:35

I guess food prices rising is good for m&s

[debsdowner] 11/10/2022 13:49

darrin, re Marks Electrical it would be interesting to find that out if so the concern would be consumer spend tightening up could slow growth even more. I would find it hard to believe growth will continue in double digits in next year.

On Frasers that is interesting Mike Ashley Frasers group been all over the place taking stakes the last few years.

A shame Debenhams turned their back on Ashley it could have still been around today.

[darrin1471] 11/10/2022 13:14

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