Marks And Spencer Share Discussion Threads

[simon templar qc] 01/11/2017 10:00

LONDON -- Shares in High Street fashion chain Next collapsed over 8% on Wednesday morning on the back of a poorly received trading update.
Next reported third-quarter sales up 1.3% with most of that coming from new store openings, suggesting its core business is stagnating. Sales were held up by Next Directory, the chain's catalogue business.
Nick Bubb, an independent retail analyst, said in an email on Wednesday morning: "Some people in the City expected full-price sales to be nearly 4.5% up in Q3, driven by Next Directory, but the outcome was only +1.3%, with Next Retail down a sickening 7.7% and Next Directory up 13.2%."
Next has already put out a profit warning this year and kept its guidance for full-year profits and sales unchanged. But it warned that sales are "extremely volatile and highly dependent on the seasonality of the weather."
Related: Alarm sounds over UK high street as sales crash
Neil Wilson, a senior market analyst at ETX Capital, said: "Sales performance is so volatile the firm has no idea what to expect over the vital Christmas trading period. This is a worry."

[ignoble] 01/11/2017 09:58

Well put ...
Sums it up in a nutshell , imho

Quality issues abound even at Marks
My experience has not been good ... trouser pocket lining coming unravelled after a couple of weeks or so.
Had similar with a pair of shorts

Knitted stuff still appears ok

[willoicc] 01/11/2017 09:39

The trouble with these retailers is that they buy third world quality at third world prices but then they charge 1st world prices in their UK shops. They also miss out on a lot of British fashion creativity.

When are these bods going to realise that the more money they spend abroad means less jobs in the UK and less money to be spent here? Plus poor style and poor quality do not encourage people to buy nice clothes - because they are not nice.

[philanderer] 01/11/2017 08:56

And Pruimark next tuesday ;-)

[freedom97] 01/11/2017 08:51

Hopefully next Wednesdays interims will show MKS doing much better than NXT.

[simon templar qc] 01/11/2017 08:48

High St sales are grim that is why the shorters are heavy in retailers, sooner or later a High St retailer will hit the wall.

[philanderer] 01/11/2017 08:38

It's a miserable weak trading statement alright.

Morning guys.

[gswredland] 01/11/2017 08:32

Next poor results

[freedom97] 01/11/2017 08:27

Morning All,

What caused the share price to open 10p lower and NXT plus other companies also shows big drop at open?

[philanderer] 31/10/2017 13:51

Top supermarkets online: M&S and Aldi lead for apps (but Tesco wins for website)

[philanderer] 31/10/2017 09:54

More brokers like this , seems to do the trick ;-)

31st oct JP Morgan Caz underweight tp 285p

reiterates

[tjbird] 31/10/2017 09:12

nice winter coats

[freedom97] 31/10/2017 08:58

Morning all,

Thanks guys.

Barclays are cheaper per trade however, they charge a fee, so if you had say £100k invested, the fee would be £10 per month.

Will, have a better look at SVS about transferring stocks to them. HL reward you at mo until 15 Nov up to £500 cashback depends on value of shares transferred to them.

Anyway, back to MKS, may todays rise continue. ;o)

[qantas] 31/10/2017 08:35

Shorts updata

Going up now at 10.22% or 166,047,987 Shares

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

Please do your own research.

[qantas] 30/10/2017 21:19

Barclays is cheaper at £6.00

[libertine] 30/10/2017 19:25

Why not use SVS Securities.
Flat Fee £7.95
No monthly or inactivity fees.

[freedom97] 30/10/2017 18:50

Hi Dean, yes when the new ii pricing starts from 11 December when TDD prices changes to ii prices, but you need to do 9 trades per year just to cover the £90 quarterly fees of £22.50 and if I only did say 2 trades in a year and then decided to transfer my portfolio to another broker, they won't refund the remaining £70 if you had say paid 4 quarterly fees. Or if you did no trades in year you would lose £90 and if say you didn't make any trades for 6 quarters then transferred out, you lose £135. Plus even if you don't transfer out, if you don't trade, much, any quarterly payment of £22.50 that takes you over the £90 max in credit allowance towards trades you lose.

Not a problem if you trade more often, however any remaining credit if you were to close the account or move your portfolio would be lost as they don't refund it.

[freedom97] 30/10/2017 10:38

Thanks phil, HL don't charge any fee & £11.95 per trade or £8.95 for 10-19 trades then reduces to £5.95. I don't trade much, hence reason for thinking of moving from TDD/ii.

[philanderer] 30/10/2017 10:28

morning free, never used HL , my main lot are with Selftrade , they charge 0.3% of portfolio value per quarter.... £11.75 per trade.

[freedom97] 30/10/2017 10:07

Morning All,

O/T - Has anyone used Hargreaves Lansdown? Anything negative about them? As I'm thinking of transferring my share Portfolio to them from TDD (TDW) as II has taken them over and forcing you to pay £22.50 per quarter from 11 December.

TIA

[philanderer] 27/10/2017 11:13

Paddington Bear to front M&S Christmas advertising campaign

[opodio] 27/10/2017 05:22

looking mighty fine


pound firmer will lead to upgrades in due course

[qantas] 26/10/2017 20:12

Simon not the saint this is MKS chat line. If you go back onto DEB and click on the short tracker link DEB going down and MKS going up today hope this is of help to you.

[simon templar qc] 26/10/2017 18:48

Qantas

Shorts didn't buy back in Debenhams, what was interesting in Debs is UK profits fallen by 22% on last year.

DYOR