Marks And Spencer Share Discussion Threads

[qantas] 13/1/2017 07:52

That 10% Gift Card still in operation...

Good News

Latest broker views
Date Broker New target Recomm.
13 Jan Deutsche Bank N/A Hold
13 Jan Peel Hunt 500.00 Buy

[tjbird] 13/1/2017 07:51

IC- BUY

Let’s start big. Marks and Spencer (MKS) has done what many believed it couldn’t. Over the third quarter clothing and home sales reported a staggering 3.1 per cent growth rate, equating to 2.3 per cent in like-for-like terms. After months - even years - of decline on this front, the market showed its approval by sending the shares up 5 per cent in early trading. Chief executive Steve Rowe said the improved performance was down to “better ranges, better availability and better prices”, and a significant curtailing of discounts around the Black Friday period. There’s likely to more to follow on this, but for now we remain buyers.

Elsewhere growth rates for homewares specialist Dunelm (DNLM) have been slightly hampered by an accounting change. Total revenue for the second quarter rose by 6.6 per cent to £261.9m., while like-for-like growth increased by 0.2 per cent. But the figures only include six days of the Winter Sale, compared to eight days in the comparative period last year. Adjusting for this, underlying growth would have been approximately £4m higher (equivalent to 1.7 per cent in the quarter and 0.9 per cent over the half year). We remain buyers.

Finally for the high street, fashion chain SuperGroup (SGP) has released interim results which show a 21 per cent increase in retail revenues year-on-year. That equates to like-for-like growth of 15 per cent, with jackets - specifically the Fuji padded range, rookies and bombers - being the best performing category. There was a strong performance over in wholesale too, helping to keep profit expectations for the full-year on track. Buy.

[tjbird] 13/1/2017 07:44

QANTAS12 Jan '17 - 16:42 - 5329 of 5335 0 0
MKS Shareholder vouchers arrived today.



Why dont i get these?

I was told it was replaced with a scheme where they load a card with a dividend plus 10pc now

[qantas] 13/1/2017 01:43

How did the shorters get it so wrong and caused capitulation.

[diku] 12/1/2017 18:44

NXT market cap has sure come down to earth & much closer to MKS...from around 10bln to 5.9bln...MKS is now 5.6bln...

[philanderer] 12/1/2017 18:00

tattooed , yes it`s the 6.8p and it`s paid tomorrow :-)

[qantas] 12/1/2017 17:35

13Jan 2017

NEXT EVENT

13 January 2017

Interim ordinary dividend payment date (6.8p)

hxxps://corporate.marksandspencer.com/investors/financial-calendar

[freedom97] 12/1/2017 17:14

Yes, I got my vouchers today.

tattooed93, can't remember, how much per share, but as Phil says, will be paid tomorrow, however, I remember, with my broker (TDD) last time it was about two work days later before I could withdraw from my account, that's why I had Tuesday listed in my diary. Your broker might be different and allow immediate withdrawal. I will check tomorrow to see if it appears on my a/c.

[qantas] 12/1/2017 16:42

MKS Shareholder vouchers arrived today.

[tattooed93] 12/1/2017 16:37

is it the 6.8p dividend on Tuesday

[tattooed93] 12/1/2017 16:34

Key Takeaway
M&S' strategy to reduce promotions and invest in lower prices has started to pay off with the group's first UK positive Christmas LFL in Clothing & Home (+2.3%/+0.8% ex sale timing impacts) for five years.

[diku] 12/1/2017 16:28

NXT could be on the verge of another leg down to £36...

[freedom97] 12/1/2017 14:48

With the share price being very low & Sterling too, it will certainly attract overseas interest. So I think we may well see offers being made before the Bank of England starts to raise interest rates. Once one offer is received then most likely more will follow with higher offer within days imo.

I would be very surprised if there are no companies out there that are interested. If an offer isn't made this year, then I doubt one will be made next year.

[philanderer] 12/1/2017 14:44

Right, not the Qataris then :-D

[omega1525] 12/1/2017 14:38

Qataris! with the oil price down and all the building work that's gone on, they are now short of cash, count them out for now. Chinese or Indians maybe.

[philanderer] 12/1/2017 14:03

Chinese would be interesting , maybe Qataris ? :-)

[freedom97] 12/1/2017 13:54

Afternoon phil, that's good, I thought divi gets paid Tuesday, I must have wrote down wrong date in my diary.

With regards to who would look to takeover M&S, no idea at present but I'm sure there must be companies very interested in M&S. However, most likely a Chinese company.

[diku] 12/1/2017 13:45

Chinese or the Indians...have the garments made in China or India which would be beneficial for their home countries...job creation...

[qantas] 12/1/2017 13:40

I see Qatari or Chinese takeover.

[philanderer] 12/1/2017 13:26

Afternoon free, even better, divi gets paid tomorrow :-)

As much as I`d like to see it who do you guys see as the predator for a takeover ?

[freedom97] 12/1/2017 13:19

Divis get paid on Tuesday :o)

[maurillac] 12/1/2017 13:12

meanwhile the market plays around with share price as long as i get my divis i aint really bovvered ...........
m

[freedom97] 12/1/2017 12:44

With all the bad publicity re. M&S clothing range over the past few years, which would have put many shoppers off shopping at M&S, hence the negative growth in the past. Todays news, will most likely encourage those shoppers to return to M&S to checkout the new clothing range etc. So, looks like this could be the start of a good recovery at M&S. The newspapers that were negative on M&S clothing range will most likely start writing articles on how good the range is now, which will encourage even more shoppers to visit M&S imo.

[qantas] 12/1/2017 12:15

bigboots think you may be correct ....

Very low price for such a amazing company and such a good turn around.