Marks And Spencer Share Discussion Threads

[xxxxxy] 10/8/2023 20:20

We have a Bonkers government.Success now is in spite of government, not because of government.Ditto Labour.... Even moreso.

[darrin1471] 10/8/2023 14:37

Nearly a year since we discussed Marks Electrical here.

AGM statement today: "Strong trading period in the first four months of FY24 (April to July), with revenue growth of 30.7% to GBP36.2m"

Profitable, free cash flow, net cash, 21.5% growth last year. 500% growth target. Unique business model.
Mark Smithson the sole founder started 25 years ago and still owns 73.6% of the shares but has indicated he is willing to reduce his holding at a price above the IPO of 120p

[debsdowner] 10/8/2023 11:55

WILKO in administration hopefully someone will manage to save a number of their shops.

[debsdowner] 08/8/2023 09:10

darrin,

That is a worrying rate of interest, SDRY been struggling for a few years.

On retail bad weather and cost of living denting retail sales, July was particularly bad forcing promotions/sales.

I have to say I don't see as many sales at MKS than their competitors which suggests they are doing better than some out there, NEXT is in a similar situation they have had upgrades a number of times.

[philanderer] 08/8/2023 00:16

Wet weather dampened clothing sales in July

[darrin1471] 07/8/2023 16:08

Superdry are paying "an interest rate of 10.5% plus the Bank of England base rate on the drawn element" of a new secondary lending facility of up to GBP25m with Hilco Capital. This is in addition to an "existing asset backed lending facility with Bantry Bay" of £80m

SDRY have large stocks of unsold wholesale stock.
SDRY mkt cap £69m

[darrin1471] 07/8/2023 16:08

CARD had a "materially ahead" trading statement today.

[xxxxxy] 05/8/2023 12:29

Agreed...We use UberEats delivery quite a lot. Superb 1 hour delivery... And no problems... But mostly Sainsbury's or Iceland....love to use Marks but can't.

[debsdowner] 04/8/2023 10:11

AY, Most of the press the above also in Retail Gazette, SKY, BBC.



On other retail news NEXT ups it's profit guidance.

[ayl30] 03/8/2023 17:35

Of whom, by whom, source?

[debsdowner] 03/8/2023 15:01

WILKO on brink of collaspse

[justiceforthemany] 02/8/2023 21:15

Takeover is clearly imminent.

[debsdowner] 02/8/2023 11:25

Markets in meldown today with US downgrade and interest rate minutes tomorrow so a lot going on. Marks is again defying the market stable which is a good sign.

[philanderer] 01/8/2023 11:08

Barclays raises Marks & Spencer price target to 260 (220) pence - 'overweight'

[debsdowner] 01/8/2023 10:24

Food inflation still too high imo and with wage growth strong it places the BOE in a difficult position.

Market down but Marks bearing up as it has done for months.

[xxxxxy] 01/8/2023 08:45

Amazon......... It might be this week. It might wait until the middle of August. It might even drag on until the start of September. But in the United States the Federal Trade Commission is expected to launch its blockbuster legal action against Amazon very soon. Coming at the same time as British and European Union regulators are targeting the internet giant, the forced break-up of one the world's most powerful businesses is getting more likely all the time. And the stage is set for an epic series of legal battles as Amazon tries to keep its corporate empire together.But hold on. There is a smarter strategy. Amazon could simply save all the lawyers a lot of trouble and break itself up. In fact, it can be divided neatly into three businesses; retailing, streaming services, and cloud computing. .... Daily Telegraph

[philanderer] 27/7/2023 14:01

Retail sales fell in the year to July at the fastest pace since April 2022, with the downturn only expected to get worse, according to the latest Distributive Trades survey from the Confederation of British Industry.

The CBI’s monthly balance of retail sales fell to -25 from -9 in June. Meanwhile, the balance of expectations for the month ahead slumped to -32 from zero.

The gauge for order placed upon suppliers fell at the fastest pace since January 2021, to -39% from -10% in June.

CBI principal economist Martin Sartorius said: "Firms remain cautious about the retail sector’s near-term outlook as they pare back on orders and brace themselves for another sales contraction in the year to August.

sharecast.com

[xxxxxy] 27/7/2023 11:13

FTSE 100 calling

[philanderer] 27/7/2023 00:50

M&S has a point: blocking redevelopment on Oxford Street is anti-business

In absence of proper policy, decision looks arbitrary and confusing

[philanderer] 26/7/2023 17:22

A good day for OCDO and MKS.