Marks And Spencer Share Discussion Threads

[philanderer] 06/10/2017 17:30

Toaday's weakness down to Deutsche..


Marks & Spencer second quarter sales to fall, Deutsche maintains 'hold'


(ShareCast News) - Marks & Spencer will report a fall in second quarter sales, Deutsche Bank forecast on Friday ahead of the retailer's half-year results on 8 November.
UK like-for-like sales will decline 0.7% and underlying pre-tax profit will fall 12% reflecting a mixed performance in an increasingly challenging UK market, the bank said.

Market share gains in food have faded, while the need to reintroduce promotions is likely to have weighed on margins, analysts reckoned.

In the clothing segment, full price share are seen swinging back into losses while total sales continue to be held back by the reduction in promotion and clearance volumes.

"One positive trend should be International where closure of loss-making countries and translational movements should drive a material boost."

But full year forecasts were mostly unchanged and a 'hold' recommendation was maintained, with a 345p share price target.

[philanderer] 06/10/2017 09:15

Morning free


6th oct Deutsche hold tp 345p

reiterates

[freedom97] 05/10/2017 07:48

Morning All,

I see Marshall Wace are still reducing their short. Was 2.31% on 16 June, as of 2 Oct 1.17%. Total shorts back below 10% at 9.97%:

[philanderer] 04/10/2017 21:02

Marks & Spencer's tailoring ambassador David Gandy is set to suit up the nation

[philanderer] 03/10/2017 09:53

M&S reveals intention to exit Covent Garden store

[jpjohn1] 29/9/2017 20:50

Glad to see Mks going up for you chaps that stayed with them. Have a great weekend

[simon templar qc] 29/9/2017 13:39

ALDI also suspends orders from 2 Sisters Food Group..

[simon templar qc] 29/9/2017 13:24

Serious food safety highlighted by the Guardian yesterday against 2 Sisters food Group. All the large supermarkets been sourcing poultry from 2 Sisters Food Group...



Marks the first Supermarket to suspend its poultry from 2 Sisters is the right thing to do. Marks head the field when it amounts to hygiene and food safety.

Seems there is a question over where the poultry is bred, there are allegations its all the same "bird"!

Evidence of sell by dates altered, and poultry fallen on the floor picked up and mixed with other food.

Quite a shocking state of affairs highlighted by the ITV news yesterday at 10.


edit: This is what the Guardian and ITV highlight:

Chicken portions returned by supermarket distribution centres are being repackaged by 2 Sisters and sent out again to major grocers.

• Workers drop chickens on the floor of the processing plant and return them to the production line.

• Workers alter records of where chickens were slaughtered, potentially hindering authorities from
recalling contaminated meat during food scares.

• Chickens slaughtered on different dates are mixed on the production line. Workers said use-by dates printed on the packets of the mixed chicken tended to reflect the age of the freshest, rather than oldest, meat in the batch.


Workers say they wont eat poultry from a supermarket!

[philanderer] 28/9/2017 08:33

Deutsche. HOLD. TP 345p

Reiterates

[qantas] 27/9/2017 23:38

This is what happens when shorters get it so wrong.

Please do your own research..

[simon templar qc] 27/9/2017 20:16

If Marks sell to even 1% of the total world population they will make billions! However on a different tack Next are selling upmarket gear for near 10 times the Marks best seller

[simon templar qc] 27/9/2017 20:02

Marks sells out of dress as shoppers go into frenzy

[philanderer] 27/9/2017 14:47

Signs that UK consumers are ignoring the squeeze on incomes from rising inflation and hitting the high street has helped the pound push back against a dollar buoyant from US Federal Reserve chair Janet Yellen's hawkish warning that the central bank should not act too gradually on interest rates.

The CBI retail survey showed that a balance of +42pc of retailers said that sales were higher than a year ago, the highest figure in two years and a sharp rebound from August's poor showing. The pound is now marginally lower against the dollar, 0.1pc down at $1.3422, while against a bruised euro, sterling has moved 0.3pc higher to €1.1429.

[simon templar qc] 26/9/2017 18:40

John Lewis Partnership weekly sales figures..



A few thought; food just about holding its own taking account of inflation, JL doing better increasing shelf space.

Looks like they are improving second half but better still with fashion due in part to own brands. They look like they are gaining market share.

edit:

Afterthought and important Waitrose improvement on offers and the same with JL price point and margins important and increase in sales doesn't mean higher profit if margins are not maintained. Discount erodes margins!

[philanderer] 26/9/2017 17:15

Tipped in The Telegraph today

Questor: low expectations are always a good start, so take a punt on M&S (with a stop-loss)

[qantas] 26/9/2017 07:52

Shorts updata

Now at 10% or 162,473,360 shares to buy back.



Please do your own research.....

[freedom97] 26/9/2017 07:43

Morning Phil & All,

I see Marshall has started to close shorts.

As of 21/9/17 (reported today) total remaining shorts is 10% was 10.20%.

[philanderer] 26/9/2017 07:39

Jefferies.... Buy....... Tp 420p

Reiterates

[freedom97] 25/9/2017 08:32

"Petition Hold a referendum on the final Brexit deal":

[maxidi] 22/9/2017 20:19

BREXIT NOW...... SIGN HERE !!!

[philanderer] 22/9/2017 17:47

Online food delivery service launched

[qantas] 21/9/2017 08:57

www.shorttracker.co.uk/company/GB0031274896/

Short updata

Still very high at 10.18% or 165,397,881 shares to buy back.

Please do your own research...

[freedom97] 21/9/2017 07:56

Morning All,

Marshall reduced it's short slightly last Monday. Total shorts now 10.18% (was 10.25% Monday):



Hopefully tomorrow or Monday will show less shorts open as data is reported from yesterday.

[simon templar qc] 20/9/2017 22:22

House of Fraser makes first half loss...





edit:

2018 is when the problems for retailers will get worse


"Only the UK, which remains embroiled in Brexit negotiations, has a deteriorating outlook. Responding to the OECD’s forecast that the British economy will be the slowest growing in the Group of Seven in 2018 "

[jpjohn1] 20/9/2017 20:02

Thanks freedom, the most important thing is we make a profit, it's impossible to guess where a company is going, we have to make a judgement when to sell, as I said before I hope it goes up well for you all so you can make a good profit and when it goes down eventually I will probably buy in again. Still think it's probably the best name on the high street