Marks And Spencer Share Discussion Threads

[philanderer] 24/11/2017 13:26

At least MKS is not joining in this hype .

Retailers were in focus as Black Friday sales kicked off, with Next on the back foot as it took part in the event for the first time, despite CEO Simon Wolfson having previously said it "doesn’t make sense to get involved".

[philanderer] 24/11/2017 09:37

'UK consumer confidence hits lowest level since Brexit vote'

[philanderer] 24/11/2017 00:13

Hadn't been following it for a while but just seen that the BOO share price has collapsed by 30% in the past five weeks !!

[philanderer] 23/11/2017 17:11

Marks & Spencer pulls out of opening flagship store in £100m Rochdale town centre development

[bend1pa] 22/11/2017 18:53

STQC -"Its a hold at best I would not buy. Just too early."

Well Archie Norman would appear to disagree, having just bought 33,000 shares at £3 today.

[essentialinvestor] 22/11/2017 17:48

His second buy, a little more chunky this time.

[rogsim] 22/11/2017 17:11

Thank you, Mr Norman:

[simon templar qc] 21/11/2017 19:49

Sainsburys oldest worker dies at 94 2 months after he retired..



This may sound cynical but I watched the video of him pushing trolleys puffing and panting I though to myself this isn't right.

if the guy was bored there are plenty of ways of helping people doing charity work!

Also what about all those people doing of work most people including people with minor disabilities capable of such simple work.

The trouble with our country is we are too on the unemployed and people with minimum disabilities who get more out of work or on sickness benefits.

No wonder UK is poor on productivity !

[buywell3] 21/11/2017 17:11

Chartwise 285p looks like being tested

However 10yr chart suggests if things are not corrected next year

200p is a chart low that could get revisited

dyor

[simon templar qc] 21/11/2017 16:58

Latest weekly figures from Bellwether retailer John Lewis don't give much hope to other retailers.



Things to consider

-up to last week 6 or more weeks of falling sales
-this week + 0.3% however bricks and mortar store space expanded. Wage rates higher, overhead costs up. Inflation to be taken into account as well. -
-Sales started earlier and never been beaten offer will mean far slimmer margins.


All in all its doesn't give much hope on present performance, Black Friday has already started a week ago!

Next week the most important week for department stores if that is lower there will be a blood bath of warnings after Christmas with more store closures.

[jpjohn1] 21/11/2017 15:53

Yes Phil, you think you are doing the right thing, CNA as been hit really bad, it is the worst performing share in the FT 100 in the last five years now !! I think it speaks for itself

[freedom97] 21/11/2017 10:13

bend1pa, if you look at the Half year results, says Net Dept 1 Oct 16 was £2.24bn Net dept, a yr later 30 Sep 17 £2.03bn reduced 9.7%. You have to remember they have been closing many stores 53 I think was the target and opening many new Simply Food Stores, they have now slowed the opening of new Simply Food stores so they continue to have full control of the continued transformation of the company plus wasn't there pay & pensions issues they had to sort out.

Also, Steve Rowe, said in the RNS:

"We will continue to operate strict capital disciplines within our existing capital framework including a robust balance sheet, progressive dividend policy, continuing to invest for growth and returning any surplus capital to shareholders."

So unlikely they will reduce the divi imo.

[qantas] 21/11/2017 09:52

From Investtech today

Small gain on London Stock Exchange Monday


The market showed a small gain Monday, and FTSE 100 (UKX) ended the day at 7389 points, which is an increase of 0.12 percent.

531 shares showed a gain and 549 showed a loss. 51 shares were unchanged and closed at the same price as the previous day. There was no trading in 1688 shares.

Total value of the trading volume for shares and primary capital certificates Monday was approximately 388.0 billion.

MARKS & SPENCER GROUP (MKS) showed a small loss and ended the day at 301 pence, which is a decline of 0.44 percent. The stock has now fallen for the eighth day in a row and this past month the stock has lost as much as 13.18 percent. Nor technically does it look good. The stock is trend wise negative in the medium term and a further decline is indicated.

[philanderer] 21/11/2017 09:42

Sorry to hear that jpj..... CNA and BT.A having a really tough time.

[philanderer] 21/11/2017 09:41

Over a year ago they talked about closing one of the two Paddington Head Offices.

Both still nicely occupied.

[jpjohn1] 21/11/2017 09:40

If it's any consolation chaps to you, I sold MKS back when it was £3.32 and later used the money to buy Centrica, this was just before the price cap was introduced. If I would have kept my shares in MKS it would still be worth many more thousands than it is today.

[bend1pa] 21/11/2017 09:21

That's a forecast. Anyway free cash flow isn't nearly enough to support the div judging from the recent interim statement. Free cash flow on a yoy basis dropped by nearly 20% which rings alarm bells for me. That, and their huge net debt mountain of over £2bn, slightly up from 6 months earlier (£1.96bn) tells me that if their business continues to slip MKS could find themselves in serious doo-doo. They will have to sell off assets or look at a rights issue if this state of affairs were to continue. How did they ever reach this level of debt anyway? Years ago there was hardly any debt to speak of.

[philanderer] 21/11/2017 08:41

Sold 30% of my holding.

Morning all.


edit :

21st nov Deutsche hold tp 345p
21st nov Credit Suisse neutral tp 370p

[freedom97] 21/11/2017 08:12

Morning All,

bend1pa, why would they slash the divi, you said yourself, "they are still a very profitable company (£576m forecast for 2018)." They might even increase the divi if they can improve profits, which they are trying very hard to.

[bend1pa] 21/11/2017 02:30

MKS share price now at an 8 1/2 year low. The way the market is treating this share you'd be forgiven for thinking they are the next BHS, but they are still a very profitable company (£576m forecast for 2018).

Looking at the performance of MKS v. NXT I expected NXT to far outperform MKS over the last few years. Although that's true over a 5 year period, it's not the case when viewed over 3 and 1 year periods where the 2 shares ended up with very similar performances although there were significant variations between those performances during these periods. It's still an awful share price performance regardless. The real question is whether the div gets slashed eventually.

[gswredland] 20/11/2017 17:34

Bought in today Erogenous! Told myself I would if it hit 300
Now it will tank!!

[philanderer] 20/11/2017 17:21

M&S Simply Food knocks Amazon off top spot in top 30 UK retailers, according to shoppers

20th november

[buywell3] 20/11/2017 17:09

buywell3 - 04 Sep 2017 - 12:04:29 - 6174 of 6460 MKS - MKS
300p chartwise again looks like IMO



when amazon gets entrenched in the UK in 2018/19

This along with many more retailers and food stuffs sellers is going to take a hit