Marks And Spencer Share Discussion Threads

[babycheeky] 03/11/2022 12:12

Typical of you Barrie to be first of the mark in posting news that you only see in the negative.

Don't forget those who have savings will be getting a better return on their savings.

[debsdowner] 03/11/2022 12:08

BOE raiae rates from 2.25% to 3% more bad news for retailers and bank warns we are in recessiona and the BOE warns of a long recession with at least 4 quarters of negative quarters.

[darrin1471] 03/11/2022 11:57

"Sell" Liberum "the broker forecasts 7-9% sales growth in the near term" for Boohoo.

How many profitable retailers are there with a growth forecast of 7-9%.

Boohoo thinks 20-25% is achievable.

[babycheeky] 03/11/2022 11:49

Wskill also read the EKT thread that might help as well.

[babycheeky] 03/11/2022 11:45

Wskill, you need to understand what sort of man debsdowner is then you will understand why he spends his days looking for anything negative and then making a meal out of it while ignoring anything positive.

Have a look at his posts on Debenhams when he was posting as Simon Templar QC and try not to laugh when you read the name he used yes Simon Templar QC. Yes he really did believe he was LOL

[debsdowner] 03/11/2022 11:38

No wonder BooHoo shares were well down yesterday Liberum gave a sell note which would push the share price to its lowest point of 35 pence in the last month which is a dissater to investors as they have seen billions wiped off the company since their highs:

"Fast fashion retailer Boohoo was under the cosh on Wednesday after Liberum cut the stock to ‘sell’ from ‘hold’ as it pointed to "a hard slog from here with much to do".


The broker said Boohoo is facing a number of headwinds. Its consumers are under pressure, Chinese fashion retailer Shein is a fierce competitor which will only get worse, cost headwinds are real and the need to invest in marketing and service may hold back profit delivery for longer than expected, it said.

The broker noted that it has been a big fan of Boohoo and what the retailer has done since its IPO in 2014.

"However, we have been slow to adjust that view to the new trading environment thinking branded players were more immune to recent challenges," it said. "This has clearly been wrong. And we addressed this in turning ‘hold’ in May 2022."

Liberum said its view stands in contrast to company guidance, where 20-25% growth and 10% adjusted EBITDA margin model are indicated as achievable. The broker forecasts 7-9% sales growth in the near term and low single digits in the medium term, with a 7-8% terminal EBITDA margin.

"To achieve guidance Boohoo is expecting a return to historic rates of growth in core markets and robust margins. In the medium term, we think Boohoo will struggle to return to the 10% EBITDA margin levels driven by the need to invest in pricing to fight competition and drive demand, permanently higher returns costs, and a slower pace of net revenue growth leading to smaller operating margin leverage than what the company has previously seen."

Liberum has a 35p price target on the shares."

[debsdowner] 03/11/2022 11:00

wskill,
If MARKS surprise on the upside I will off course change my mind but bear in mind MARKS won't need to say much possitive before they could bounce back to a more reasonable level.

Its a tricky one at the moment.

[philanderer] 03/11/2022 10:48

Marks & Spencer reports first-half results next week (9 November) and analysts anticipate earnings of 7.58p per share, 17% below pre-pandemic first-half earnings posted in November 2019.

Its shares have sunk 53% this year to 111.6p. If you exclude the six-month period during 2020, when Covid shutdowns were at their zenith, the stock is trading at close to multi-decade lows.


SHARESMAGAZINE.CO.UK

[creditcrunchies] 03/11/2022 10:42

Their last presentation they implied debt down to 2 billion, cash up don't know how much though, working capital looking more positive and a hint of dividends in 2023. All we can do is wait

[wskill] 03/11/2022 09:39

debs if MKS do manage to make profits will that make you change your stance on them,Not long to wait for the result now maybe a dividend announced this year.

[debsdowner] 03/11/2022 09:19

SAINSBURYS is considerably bigger than MARKS and MARKS cannot achieve the same profit so if SAINSBURYS profit fell 8% it doesn't look good for MARKS imo



Things will get tougher from here and I suspect Sainsburys expectations will be at the bottom end of forecasts.

I would expect exceptionanls at MARKS to wipe profits out.

[debsdowner] 03/11/2022 08:55

Most retailers down today on US markeets after FED hiked rates with a more hawkish stance and BOE set to announce rates at 12.00 noon. Saisnurys announced results quite a mixed set of figures, profits lower but guidanxce remains unchanged, they benefot through ARGOS: Highlights

Grocery sales up 0.2 per cent in H1. Strong growth in Q2 of 3.8 per cent as lockdown comparatives eased, market price inflation accelerated, customers responded well to the strength of our offer and we benefited from warm weather. Grocery sales were 9.3 per cent higher than H1 19/20

-- General merchandise sales down 6.1 per cent across H1 but up 1.2 per cent in Q2, driven by improved availability, favourable summer weather and strong market share gains. Growth was driven by categories such as consumer electronics and seasonal products

-- Statutory Group sales (excluding VAT) up 4.4 per cent, with fuel sales up 39.5 per cent. Like-for-like sales (excluding fuel) down 0.8 per cent, with Q2 up 3.7 per cent after a decline of 4.0 per cent in Q1

-- Retail operating profit down 9 per cent, reflecting our investment in value, reduced grocery and general merchandise volumes post-pandemic and higher operating costs, partially offset by a higher fuel contribution

-- Underlying profit before tax of GBP340 million, down 8 per cent; Financial Services operating profit of GBP19 million, flat year-on-year, and finance costs 9 per cent lower. UPBT up 43 per cent versus H1 19/20

-- Statutory profit before tax of GBP376 million, down 29 per cent, reflecting higher exceptional income in the prior year from settlement of legal disputes

-- H1 net funds balance GBP361 million. Strong retail free cash flow of GBP759 million, up 37 per cent, reflecting higher grocery sales and more typical seasonal working capital inflows against last year's impact of Covid unwind. On track to deliver guidance of at least GBP500 million free cash flow in FY22/23

-- Interim dividend of 3.9 pence
-- Guidance unchanged: continue to expect FY22/23 underlying profit before tax of between GBP630 million and GBP690 million

[philanderer] 02/11/2022 14:35

Credit Suisse cuts Marks & Spencer price target to 150 (185) pence - 'outperform'

[xxxxxy] 02/11/2022 13:33

8:12AMNext shrugs off cost-of-living crunch as sales riseNext has maintained its profit guidance and reported better-than-expected sales, even as the cost-of-living crisis threatens to hit consumer spending.The high street retailer said sales rose 0.4pc in the third quarter, with trading improving in recent weeks as temperatures dropped and consumer started to buy warmer clothing... Daily Telegraph

[debsdowner] 02/11/2022 10:57

CC inflation now starting to bite

Nttps://www.bbc.co.uk/news/business-63474304

NEXT well run under Lord Wolfson.

[xxxxxy] 02/11/2022 10:20

Dividends please.

[xxxxxy] 02/11/2022 10:19

Inflation meant food prices climbed at their fastest rate on record in October, with staple items including tea bags, milk and sugar all seeing significant price rises.Food prices overall jumped by a record 11.6%, including a 9.4% rise in store-cupboard staples such as tinned food and other food stored at room temperature, according to the British Retail Consortium (BRC).The cost of fresh food in British shops jumped by 13.3% in October, compared to a year ago. That's the biggest annual increase since at least 2005, when the BRC started collecting the data.The BRC said the increases reflect a tight labour market and a jump in energy costs for retailers..... Yahoo Finance

[creditcrunchies] 02/11/2022 10:05

NXT defies analysts gloom decent results

[babycheeky] 01/11/2022 18:58

Barrie that’s stating the bleedin obvious there’s risk FFS.

Not the risk of buying DEB when you were pumping that under your old handle. How much did you lose there mate ?

[debsdowner] 01/11/2022 17:52

Barnes,

It isnt unusual for MARKS to have a run up to results hoping the co will deliver better than expected but its still a risk.

[creditcrunchies] 01/11/2022 17:33

Results due in a week

[ccsicemanandrew] 01/11/2022 15:24

That article is dated today and I'm sure it was in The Times over a week ago.

[barnes4] 01/11/2022 15:14

Why is Spencer going up?

[qantas] 01/11/2022 14:59

Good afternoon debsdowner

Found this for you.



Please do your own research as always.

[babycheeky] 01/11/2022 13:16

Barrie you just have to make your opinion known. Nobody is interested in it.