Marks And Spencer Share Discussion Threads

[gruss] 10/1/2012 15:08

Always good to see our Nick pop up with his few words of gloom. Without guys like Nick I could have never made such a nice profit on my holding. I should have sold at £4.00 but kept them. However everytime there was negativity and price dropped back to £3.00 I kept topping up. Then as some of you may know I decided to sell out completely at £3.17. I know its always a gamble but we all know the old saying about leaving some for the next man.

May come back if the price drops back below £3.00. I can normally rely Nickward to pull something out of his hat. LOL

[qantas] 10/1/2012 14:53

nickward -

Careful -

lol

What are you like you might just as well jump in your boxes now and get them to screw down the lids.

[old crow] 10/1/2012 14:52

dugganjoe, the crows like you also love strong divs
so we give you this tip
look at PHP for a fair security stock with a policy of returning
around 95% of profits to shareholder worth around 6% net

Cheers

[nickward] 10/1/2012 13:10

Careful

I can't agree more. However the banks are the biggest Ponzi scheme ever, every last one of them is technically bankrupt, if the whole world went to withdraw its money today they would find most of it isn't there. Bernard Maddoff was caught out when people went to withdraw their investments, so was Northern Rock, how many banks would end up the same way should we all get the urge to the same. If Banking is a Ponzi scheme, therefore by deduction capitalism is the same. The only way to keep it going is to bring in poorer countries or lend more to those who cannot pay it back which is exactly what has been happening. Take a look at the bigger picture for most large companies and you will find that a vast proportion of the earnings essentially go to service debts. Unfortunately book value is not what it seems, it's an accounting term that gives an indication of what the companies assets are worth. However it disregards the fact that they are only worth what others will pay, they may pay a lot less in a stressed out market or in the case of RBS's ill fated acquisition of AMRO they may pay far too much. So there it goes, what is M&S worth? well it is only worth what you think it is worth. Some of us believe it is worth more than others.

[careful] 10/1/2012 09:13

after dividends the 'retained profit' is about 350m per annum.
it has been that for about 20 years.
20 x 350 = £7 BN.

where is it?
strip out intangibles and the book value is 2bn.
the book value is the accumulated retained wealth over the whole life of the business.
and the company owned properties and other assets 20 years ago.

we are all being duped by this huge ponzi scheme called shares.
it appears that there is no real profit, and there has not been for years.
the dividend you recieve is giving you some of your own money back.

[gswredland] 10/1/2012 09:04

Good news!

[essentialinvestor] 10/1/2012 08:58

They have guided in line with expectations OC,
that is what the market likes - for now at least.

[dugganjoe] 10/1/2012 08:58

Keep on buying and collacting fat divis whilst you keep on crowing i say

[old crow] 10/1/2012 08:57

OK MKS sales up but means nothing what counts is the profit
still keeping clear on this one.

[aussiedonnie] 10/1/2012 08:28

Good solid FTSE stock,see this around £4 and above by year end imo.

[qantas] 10/1/2012 07:42

UP WE GO

FTSE tipped to open firmly higher ahead of retailer updates

StockMarketWire.com

PRE-OPEN REPORT: Headline shares are tipped to open thirty-six to forty-one points higher this morning, according to financial websites, taking a lead from strong Asian gains, and ahead of a flurry of retailer trading updates.

US & ASIA

In the US last night, the Dow rose 33 points at 12,393, the Nasdaq Composite gained 2 points at 2,677 and the S&P500 added 3 points at 1,281.

In Asia today, the Nikkei was recently up 41 points at 8,431, while the Hang Seng had gained 167 points at 19,033.

WTI crude oil traded at $101.70 a barrel and gold settled at $1,620 an ounce.

LONDON MARKETS

In the corporate diary today, interim results are due from Ilika.

Trading statements are expected from Balfour Beatty, Debenhams, Development Securities, Dunelm Group, Goals Soccer Centres, Interserve, London Capital Group, Marks & Spencer Group, Rathbone Brothers and Smiths News.

Carr's Milling Industries, Debenhams and Topps Tiles host their AGMs.

Story provided by StockMarketWire.com

[spacecake] 09/1/2012 08:02

MRW like 4 like food sales growth for Christmas period only 0.7% and with consumers shopping on the cheap it does not look good for M&S foods.

I don't see M&S opening a few stores on boxing day as being enough to save the day. No doubt it will add to sales but did they make any bottom line money out of it?

[essentialinvestor] 06/1/2012 15:41

The Waitrose strenght in food may be worth watching imv, take a look at
the Waitrose Christmas numbers.

[libertine] 06/1/2012 15:17

nickward
It must be quite a burden carrying around all that pessimism.

[isis] 06/1/2012 12:16

nick - not sure what you are looking for but most Shops have fared well over Xmas, but the economic climate is still dodgy.
These are fairly priced and will go with the flow.

[tiger20] 06/1/2012 12:14

Strongest name on the high street - mostly middle income customers - property values good- expect reasonable christmas - all in the price.

[nickward] 06/1/2012 12:01

Still two short positions open, one from 400p and one from 328.5. I have to admit this 300p bubble is taking a long time to burst. I expected my targets circa 260-280p to have been reached by now. I may have to wait a bit longer until the next round of government cuts really bite. The magnitude of cuts coming in this year (some estimate 50% more than last year) should really start to strip the economy bare and help us back into recession big style.

[libertine] 06/1/2012 10:36

Over 6 month period Next shares have increased by 11% even after the falls of the past few days.

Over the same period Marks & Spencer shares have fallen 18%.

I think the market has already priced in disappointing trading figures and it`s my view that they wont be that bad.

With a dividend yield of over 5% i`m quite willing to sit this one out, and in fact have increased my holding from cash that was sitting around earning nothing.

[gruss] 06/1/2012 10:00

Well not sure about that but we certainly have something to CROW about! lol

[death by donut] 06/1/2012 09:35

Course there isn't isis , thank goodness for daft/gullible 'bargain' hunters otherwise I think all retailers would be doing a lot worse imho.

DbD

[isis] 06/1/2012 09:25

The M&S sale is a complete con, absolutely nothing in it.

[old crow] 06/1/2012 08:41

GRUSS are you related to the Crows.

[gruss] 06/1/2012 08:32

I decided to liquidate my entire holding a few days ago at £3.19. I bought the majority at £2.00 and further purchases at £3.00. IMHO I honestly cannot see the retail sector performing well this year and with the Chrimbo update coming up shortly I decided it was too much of a risk. If however they get back to my original entry point I may well buy back but at the moment will just enjoy the cash.

Good luck everyone!