Marks And Spencer Share Discussion Threads

[dugganjoe] 22/5/2012 08:59

debt paying down nicely and that 17p dividend is just wonderful. ask the mrs!

[artnouveau] 22/5/2012 08:55

The share price has fallen from about £3.80 recently so dull results were expected across retail anyhow. I've seen most the commentary on TV this morning and consensus seems results were expected. Except on BBC Breakfast where the interviewer insinuated they were very bad which given the current economic environment they're hardly shocking.

I expect once they go ex div on May 30th support will fall away and they could go sub £3 but then the good old takeover rumours will resurface. Not one to short IMHO. Vodafone results have also shown this morning that they are treading water with results inline but maintaining what they've already got. I guess it's all about survival of the fittest...

Sainsbury's results were exceptional given the economy, this was through gaining market share versus competitors.

ArtN

[dugganjoe] 22/5/2012 08:54

very good imho r esults. expect Bolland to wade in and buy shares

In addition, the directors have proposed a final dividend in respect of the year ended 31 March 2012 of 10.8p per share amounting to a
dividend of GBP172.3m. It will be paid on 13 July 2012 to shareholders who
are on the Register of Members on 1 June 2012. In line with the requirements of IAS 10 - 'Events after the Reporting Period', this
dividend has not been recognised within these results.




17p dividend. nice!

[benson384] 22/5/2012 08:39

Ouitlook looks gloomy with growth forecasts cut, dividend appears to be only reason why price is up this am. Which I find incredible, was expecting a drop at open of the numbers. Anyone got any ideas as why price is up, other than PTP better than forecast.?

[simon templar qc] 22/5/2012 07:53

Boland slashes his growth profts severly..

[robertfaulkner] 22/5/2012 07:37

At least the div(17p) has been kept


marks and spencer group pLC
FULL YEAR results 2011/12 - 52 WEEKS ENDED 31 MARCH 2012
Marks and Spencer performed well in a challenging economic environment and made good progress in delivering our strategy
Final results:
-- Group sales up 2.0% at GBP9.9bn
-- Total UK sales +1.5%: Food +3.9%; General Merchandise -0.9% (Clothing +0.2%, Home -10.0%)
-- Like-for-like UK sales +0.3%: Food +2.1%; General Merchandise -1.8%;
-- International sales +5.8%
-- Multi-channel sales +18%
-- Underlying profit before tax(1) GBP705.9m (last year GBP714.3m)
-- Underlying basic earnings per share(1) 34.9p (last year 34.8p)
-- Full year dividend 17.0p per share (last year 17.0p)
-- Net debt GBP1.86bn (last year GBP1.90bn)

[robertfaulkner] 22/5/2012 07:32

CEO Mark Boylan just on Radio 4, he wouldn't talk about his £6mil reward package as he calls it

He said his projection of £13mil increase in sales 18 months ago was wrong because UK not growing. It's always someone else's fault!!!!

[robertfaulkner] 20/4/2012 15:31

That's better + 7p at 363p, will it hold till 16:30?

[weelshgit] 19/4/2012 08:05

Final dividend on the way next

[isis] 17/4/2012 09:49

Well I've still got £200- worth of vouchers and I'm not being picky again but they were not mentioned on the balance sheet. ;-))

[essentialinvestor] 17/4/2012 09:39

Saved partly by lower CAPEX and ref to further cost savings,
however agree with the above.

[jeffian] 17/4/2012 09:38

I was rather disappointed. Comments in the press in the run-up to Trading Update suggested that there was a nice surprise coming on trading, but it looks as if generally weak (and still declining) l-for-l sales have been rescued only by the fast growth of Direct Sales (online).

[robertfaulkner] 17/4/2012 08:30

I don't know if I will reget it but I sold out all my M&S before Apr 6th at a small loss to reduce my CGT, with the idea of buying back in after 30 days at bit less to pay for stamp duty etc.

I sold at 373p and forgot there was a trading statement today and had a limit buy of 358p which Selftrade got me at 356.2p so a good result so far, as long as I'm not looking at a share price of under 300p in a few days/months

[isis] 17/4/2012 07:43

Not being picky but L for L -0.7% - not alot but.............

[nicd] 17/4/2012 07:36

and its OK

[edale] 12/4/2012 21:03

Trading statement due on 17th April

[dugganjoe] 31/3/2012 10:48

Laura Ashley sales up 11% like for like. V Good news for M&S as similar customer profile imho

[rocha16] 31/3/2012 10:46

MKS.L and WIN.L using ITM.L technology at the M&S Bradford Warehouse: great video



ITM.L worth a look.

[robertfaulkner] 30/3/2012 07:52

What's this talk of cotton prices shooting up and upsetting M&S SP?

[dugganjoe] 23/3/2012 08:21

44444444444

[dugganjoe] 21/3/2012 22:44

keep on crowing as we wing it over 400p soon,,,,,

[dugganjoe] 21/3/2012 10:05

400p in sight for mks, then looking for 600p

[dugganjoe] 21/3/2012 09:32

This and TPT fave retailers