Marks And Spencer Share Discussion Threads

[makinbuks] 04/1/2024 15:26

I think that's what you'd call jumping on the bandwagon Mr Smith. Incredible what these people consider worthy of comment. Pure self promotion

[philanderer] 04/1/2024 13:39

M&S making headway, says CT’s Smith


Columbia Threadneedle manager Jeremy Smith says retail stalwart Marks & Spencer (MKS) is making headway in its transformation, cutting costs and modernising its supply chain.

The Citywire Elite Companies A-rated business is a top-10 holding in Smith’s CT UK Equity Alpha Income fund, where it makes up 4% of the £132m portfolio.

The group benefited from a strong first half to 30 September, which included a ‘significant jump in year-on-year profit and revenues, driven by increased sales in the company’s food and clothing and home businesses.’

‘Management credited the company’s cost reduction and supply chain modernisation schemes as factors in this success, while the investment in redesigning stores has also been beneficial,’ said Smith.

‘As free cashflows have turned positive, Marks & Spencer has managed to reduce debt and has reaffirmed its full-year forecasts.’

He noted the added bonus of the retail giant’s first post-pandemic dividend being announced, which will be paid this month.

The shares eased 0.25% to 275.3p on Wednesday. They more than doubled last year.


citywire.com

[pj84] 04/1/2024 12:29

"M&S making headway, says CT’s Smith

Columbia Threadneedle manager Jeremy Smith says retail stalwart Marks & Spencer (MKS) is making headway in its transformation, cutting costs and modernising its supply chain.

The Citywire Elite Companies A-rated business is a top-10 holding in Smith’s CT UK Equity Alpha Income fund, where it makes up 4% of the £132m portfolio.

The group benefited from a strong first half to 30 September, which included a ‘significant jump in year-on-year profit and revenues, driven by increased sales in the company’s food and clothing and home businesses.’

‘Management credited the company’s cost reduction and supply chain modernisation schemes as factors in this success, while the investment in redesigning stores has also been beneficial,’ said Smith.

‘As free cashflows have turned positive, Marks & Spencer has managed to reduce debt and has reaffirmed its full-year forecasts.’

He noted the added bonus of the retail giant’s first post-pandemic dividend being announced, which will be paid this month.

The shares eased 0.25% to 275.3p on Wednesday. They more than doubled last year."

[debsdowner] 04/1/2024 11:59

An extra 8.5 days longer to get stock on shipping round the coast of Africa is a problem which will affect all large retailers and if something sells out fast replacements delays is a nuisance to say the least.

[debsdowner] 04/1/2024 11:52

NEXT up circa 5% on good Christmas trading in particular full price sales up. Caution on shipping costs due to ongoing trouble in Red Sea and alternative routes adding to costs and delays....



Delays and shipping costs could also afect MARKS we will hae to wait on that one until MKS report.

[philanderer] 04/1/2024 10:50

Next warns of supply delays due to Red Sea shipping attacks

[evianone] 04/1/2024 09:02

Is this the start of the tree shaker by fund managers over the next few days so that they can buy back before the 11th? buy the dips by the dips :-)

[xxxxxy] 04/1/2024 08:56

Not invested in MKS

[bigbigdave] 04/1/2024 07:50

MKS will be doing much much better than NXT, stores were rammed prior to Christmas

[darrin1471] 04/1/2024 07:46

Next:
Online Q4 +9.1% H2 +7.7%
Retail Q4 +0.6% H2 +0.0%

[philanderer] 03/1/2024 23:54

NXT with a trading statment thursday morning will be interesting.

[evianone] 03/1/2024 16:51

Care to provide this source HTLT? I may be eating humble pie next week but what planet have you come from today :-)

[bigbigdave] 03/1/2024 16:37

It is only a trading update not results next Thursday

[havinthelasttoast] 03/1/2024 16:35

Marks and Spencer’s traffic tanked in December. Online sales make up circa a quarter só whilst not definitive I’d suggest the share is being talked up for the profit takers currently exiting.

I’ve a small speculative short taken today against the consensus. Best of luck whatever way you are playing.

[philanderer] 03/1/2024 15:43

It's often 'sell on the news' . We shall see.

[debsdowner] 03/1/2024 15:38

Makinbucks,

I predicted £3 by the time the sales figures came out so no.

Ian King on the business news mentioned Marks today and was talking to Interactive she mentioned a fund manager having MKS as 2024 buy.

All are awaiting sales figures now but good to see MKS in the blue on a red day.

[evianone] 03/1/2024 13:53

I would say no :-)) Cant wait for Christmas trading details on the 11/1/24

[makinbuks] 03/1/2024 11:45

Is £2.80 becoming a bit of a glass ceiling?

[debsdowner] 03/1/2024 11:27

Sainsburys expected to have grown well over Christmas....



MKS continues their rise the markets expects MKS to have done well over Christmas when they reveal their sales.

[blackhorse23] 03/1/2024 11:08

Moving some money to GNC

[bigbigdave] 03/1/2024 08:48

Just keeps on rising, expecting a bumper trading statement next week

[philanderer] 03/1/2024 00:00

Marks & Spencer crowned ‘Christmas winner’ by investors

Retailer’s shares hit five-year high as turnaround efforts pay off


2 January 2024 • 6:23pm

Marks & Spencer shares hit a five-year high as investors predict the high street stalwart will be crowned the best-performing retailer over the Christmas period..