Marks And Spencer Share Discussion Threads

[philanderer] 08/11/2023 13:58

Richard Hunter, head of markets at Interactive Investor, said the retailer ‘continues its transformation at speed’ and has been ‘rejuvenated’ with the shares now having nearly doubled this year.

‘From here on in, expectations and indeed comparatives are likely to become tougher, although at these levels the shares are not looking especially expensive based on historic valuations,’ he said.

‘The market consensus of the shares as a strong “hold” reflects the fact the share price progress is unlikely to remain linear while also recognising that most investors are content to stay on the ride.’


citywire.com

[bigbigdave] 08/11/2023 12:44

Own MKS and RR.
Never had so much cash in blue chips before always favouring small caps.
They will have their day again but not complaining for the moment :o)

[debsdowner] 08/11/2023 12:42

Motley Fool possitive but caution on retail in general

[debsdowner] 08/11/2023 12:37

MARKS second best perormer in footsie 100 after Rolls Royce

[debsdowner] 08/11/2023 12:22

Good riise circa 11% now and could go higher when Dow opens and US investors buy.

1 pence divi is on a interim basis so could go higher on final results, the fact MKS has returned to dividend list is something institutions and pension funds like so there is a yield now.

Could be 2p final making 3 pence or more for full year.

Don't forget to watch turnaround on ITV tomorrow.

[philanderer] 08/11/2023 10:47

M&S regains crown of UK’s top womenswear retailer as profits jump


Marks & Spencer will pay out almost £20m to shareholders in January in first dividend since 2019

[philanderer] 08/11/2023 10:37

M&S revamp pays off with profit boost from food sales

[philanderer] 08/11/2023 10:26

Top reaction to those numbers. And a 1p dividend :-)

[pierre oreilly] 08/11/2023 10:22

Jeeze Smurfy, what a stupid comment.

[babbler] 08/11/2023 10:14

Who cares. If you got the lows you more than doubled your money here. Lol.

[smurfy2001] 08/11/2023 09:53

After all this time a 1p dividend. LOL

[debsdowner] 08/11/2023 08:44

SP up 9.6% which is fair price on results.

Good turnaround and growth on food and clothes beat market in general.

With more new store openings before Christmas and new third party sales it should help growth from here despite worse economic outlook imho.

[pierre oreilly] 08/11/2023 08:31

Food glorious food.Expanding food outlets selling high quality food at prices below Waitrose is the transforming factor here.We've had one year of share price appreciation, such transforming can drive the price higher for 3 or 4 years, and from now on, with a Divi too.M&S is no longer just for big pants for fuddy duddy old women.

[xxxxxy] 08/11/2023 08:27

Marks & Spencer revealed deepening losses in its partnership with Ocado as it closed a warehouse as part of its turnaround strategy.The high street stalwart said it was in the "early stages of restoring direction and profitability" of the tie-up, which sees Ocado deliver M&S groceries.The partnership suffered losses of £23.4m in the six months to September, up from a £700,000 loss last year.The retailer took a £16.9m hit from the closure of Ocado's Hatfield site, which put 2,000 jobs at risk.Otherwise, M&S reported strong half-year results, with pre-tax profits increasing by 56.2pc to £325.6m and sales up 10.8pc to £6.2bn.It announced it is restoring a modest dividend to shareholders, starting with an interim payout of 1p per share....Daily Telegraph

[evianone] 08/11/2023 08:21

Glad i was so wrong :-)

[debsdowner] 08/11/2023 08:20

Share price still rising breakout to upside, good review from BBC

[niggle] 08/11/2023 08:18

Great statement.

[johnwise] 08/11/2023 08:14

Marks and Spencer opens in huge former Debenhams space in Birmingham's Bullring

It's one of several new M&S stores to open this month following an £80m investment.

M&S said it would be launching at least one new store every seven days in November - with two further new openings planned, alongside three new food halls and a further three store revamps.

[debsdowner] 08/11/2023 08:13

Share price up circa 8.4% market possitive.

[debsdowner] 08/11/2023 08:10

evianone

Although the company cautious on 2024 MARKS customers better off and as such MARCH should fare better than most and that is what institutions will look for. MARKS deserved to go back into footsie 100 after turnaround.

[johnwise] 08/11/2023 08:09

Marks & Spencer restores dividend as profit leaps

Marks and Spencer Group PLC (LSE:MKS) restored the dividend for the first time in four years as it said its strategy to reshape the food and clothing retailer was delivering.

Pre-tax profits in the six months ending September jumped 56% to £325.6 million from £208.5 million, led by strong growth in food sales.

[evianone] 08/11/2023 07:58

Carefut hope your correct only worry is forward statement not so rosy they know the October retails sales and this could have a negative effect hope Im wrong

[careful] 08/11/2023 07:47

should be up 10% today.
if not we can buy more.

[debsdowner] 08/11/2023 07:42

EPS up 24.7% and company returns to dividend list with 1p in first half.

All in all good results will await to see what press have to say.