Marks And Spencer Share Discussion Threads

[xxxxxy] 10/10/2023 16:19

4:16PMFrasers bolsters Asos stake as empire-building continuesMike Ashley's Frasers Group has increased its stake in Asos for the sixth time in two months, as the fashion company continues its empire-building push. Frasers Group now holds a 19.7pc stake in Asos, although it remains its third largest shareholder. This is because Frasers has been increasing its position through buying voting rights in recent months. It holds around 10.6pc of shares in the company, but 19.7pc of voting rights. The strengthening of its position comes as the latest in a series of stake purchases. Last week, Frasers became Boohoo's largest shareholder. Michael Murray, Frasers chief executive, told the Telegraph that it would look "very obvious" why the company was buying those shares in hindsight. Frasers has also bought a 22pc stake in electrical retailer AO World and a 13pc stake in its rival Currys. These are investments Mr Murray described as "mid-flight".Daily Telegraph

[qantas] 10/10/2023 14:58

Newcastle owner Staveley repays £10m loan to Mike Ashley after High Court battle

Please do your wown research as always.

[debsdowner] 10/10/2023 12:01

LIDL the fastest growing supermarket with market share now 7.6% and ALDI on 9.9%

[philanderer] 09/10/2023 13:49

The warm weather may not have been helpful for clothing retailers, according to JPMorgan, as they launch their Autumn/ Winter ranges.

The bank points out that the autumn/winter selling period is relatively short, therefore often bringing pressure to start discounting early if there is a weak start to the season.

“We expect all of our clothing coverage to be impacted by the warm temperatures, but given the relative share price performance, we place Next and ABF (Primark) on negative aatalyst watch ahead of their updates on November 1 and November 7 respectively,” the broker said.

JPM thinks it could turn into a similar situation to 2018 which Mike Ashley called as “unbelievably bad”.

"In a similar situation to that which we think could develop this year, the sector underperformance in late 2018 was exacerbated by concerns that weather-driven weakness could have been masking an underlying deterioration in consumer confidence," the bank noted.

“More broadly, we remain concerned that the benefits of pent up demand in the sector could start to wane, and that clothing price deflation could also weigh on topline forecasts into 2024,” it added.

Retailers are certainly on the back foot today with Next down 3.3%, M&S down 1.7%, and AB foods down 1.0%.

proactiveinvestors.co.uk

[philanderer] 09/10/2023 10:34

JP Morgan puts NXT and ABF on 'negative catalyst watch'

[debsdowner] 09/10/2023 10:17

Most retailers down today after Israel conflict and it can only geg worse from here as Israel has yet to fullly respond and you can bet it will be more dark days.

Hamas taking hostages will make the response far more difficult.

[qantas] 09/10/2023 09:47

Waitrose in talks with Amazon over online grocery deal, says report
Story by Julia Kollewe •
16h



Please do your own research as always

[debsdowner] 05/10/2023 16:08

Online was the future however bricks and mortar has fought back with it's own online.

The last of the bricks like MARKS has managed to survive.

QANTAS yes Boo bought Debenhams.

[darrin1471] 05/10/2023 10:38

Online only was the future.
With retail rents and rates falling then IMO omnichannel offers a competitive option already and it will only get better. A lot better.

IMO Boohoo are facing a cash crunch as they open the US distribution warehouse.

[pierre oreilly] 05/10/2023 09:43

online is the future not bricks and mortar.

---------------

Well that takes me back 23 years!

[qantas] 04/10/2023 12:39

online is the future not bricks and mortar.

MKS has both online with OCDO food and online cloths direct from MKS.

Bricks and mortar are closing stores across brands.

Debsdowner funfact BOO own Debenhams


BoohooMan-com Brand 1
Karen Millen Brand 11
Nasty Gal Brand 1
Pretty Little Thing Brand
Coast Brand 1
Misspap Brand 1
Oasis
Warehouse
Burton Brand 11
Wallis Brand
Dorothy Perkins brand
Debenhams brand

Please do your own research as always

[xxxxxy] 04/10/2023 08:32

7:16AMTesco profits jump as shoppers switch from 'premium' rivalsTesco has revealed a jump in profit and sales over the past six months as it saw food inflation slow down and shoppers trade down from more expensive rivals.... Daily Telegraph

[debsdowner] 03/10/2023 12:41

BooHoo shares plummet as it's sales fall and brokers downgrade..





This is anotheer company I predicted would struggle the high street retailers fighting back.

[philanderer] 03/10/2023 10:24

In London, boohoo slumped 8.0% as it cut revenue guidance.

[ayl30] 02/10/2023 19:54

Hissy fit as he had not been chosen. A man with a sense of entitlement

[debsdowner] 02/10/2023 12:45

QANTAS,

No still here but things have been a bit quiet albeit I missed the latest upgrade thanks.

I miss robot's humour and poetry nice to have some light banter on the thread.

As to the news on John Lewis I was surprised with her appointment she had no previous knowledge of retail she was more of a marketing lass.

JL she have appointed some high flier in retail and I have to say I have been right again Marks will power ahead of JL now.

[qantas] 02/10/2023 10:18

Debsdowner I thought you may have gonme on holiday with Robot? I miss Robot so much.





Please do your own research as always

[debsdowner] 02/10/2023 10:02

QANTAS

You beat me to it with the breaking news Dame Sharon White to step down next year !

Her failel turnaround strategy is the nail in the coffin she evidently hasn't got the support of the board.

While MARKS powers away with it's new strategy John Lewis losses continue and the company now having to sell some of their Waitrose freeholds to survive.

[qantas] 02/10/2023 09:49

John Lewis boss Dame Sharon White to step down next year

Please do your own research as always.

[xxxxxy] 01/10/2023 17:21

The boss of supermarket chain Iceland has quit the Conservative Party, criticising the governing party for being "badly out of touch".Richard Walker, who had been trying to stand as a Tory MP, announced that he had "now reached the end of the road" with the party, citing in particular its approach to net zero.The businessman had been on the approved candidate list for the Conservatives, but said that he was "never prepared to wear a gag to bag a seat".... Daily Telegraph

[bigbigdave] 30/9/2023 07:18

3 quid much more like it!

[philanderer] 29/9/2023 19:24

At least ;-)


Marks & Spencer 'mispriced' says investment bank, hikes target 52%


Marks and Spencer Group PLC (LSE:MKS) is "mispriced" and has the potential for upward earnings revisions.

That is the view of retail analysts at Bank of America, where the stock has been upgraded to 'buy' from 'neutral' with the price target upped 52% to 300p from 197p before.

“M&S is delivering on its turnaround and closing its performance gap to peers,” BofA said in a research note, “yet, it continues to screen as one of the cheapest stocks amongst peers.”

The bank noted the recently returned FTSE 100 company's shares trade for 10 times 2025 earnings per share compared to peers at 12 times, with a free cash flow yield of 10% while peers average 8%.

proactiveinvestors.co.uk

[qantas] 29/9/2023 15:06

Fri 29 Sep 2023

(Sharecast News) - Bank of America Merrill Lynch upgraded Marks & Spencer on Friday to 'buy' from 'neutral' as it argued the stock is still too cheap and consensus earnings too low.
The bank said that despite the stock's outperformance year-to-date, it believes that M&S remains mispriced and sees potential for upward earnings revisions.

"Our revised EPS estimates are 5% above consensus over FY24-27E supported by higher margin expectations," it said.

Bank of America said its new price target of 300p, up from 197p, is driven by its increased earnings estimates and a 70 basis points lower WACC (weighted average cost of capital) assumption.

BofA ML said M&S is delivering on its turnaround and closing its performance gap to peers. Yet, it continues to screen as one of the cheapest stocks amongst peers across several valuation metrics based on its estimates - 10x FY25E price-to-earnings (peers 12x), 1.1x EV/ROCE (peers 2.0x), free cash flow yield 10% (peers 8%).

"If we apply peer multiples to M&S Food, current shares imply an 8x FY25E P/E for the C&H (Clothing & Home) business - too low in our opinion considering market share gains and better brand heat."

ML also pointed to the fact that the UK consumer backdrop is showing some signs of improvement, and said this could support consumption and sentiment for consumer discretionary equities.

"Real wage and disposable income growth has inflected, and consumer confidence is recovering. This could be further supported by the recent pivot in UK interest rate expectations. A softening labour market and elevated mortgage rates remain key risks, however," it said.


Please do your own research as always

[1mikejay] 29/9/2023 12:45

Are they a pound short