Marks And Spencer Share Discussion Threads

[babbler] 27/5/2021 07:59

You having a sleepless night from being short per chance?

[korcula] 27/5/2021 00:17

Make no mistake tomorrow right at the open we will see red and will remain red for the day.

[johnwise] 26/5/2021 22:24

Marks & Spencer hit by first loss in a century... but shares soar as investors back recovery pledge

[johnwise] 26/5/2021 22:23

Marks & Spencer hit by first loss in a century... but shares soar as investors back recovery pledge

[babbler] 26/5/2021 17:16

They were short. Ooops

[debsdowner] 26/5/2021 16:30

Whare was the £40 million profit?

Investors Chronicle given a sell rating and say the group is "unfashionable"

[ander] 26/5/2021 15:29

Peel Hunt LLP has given a target price today of 233 p .

[philanderer] 26/5/2021 14:41

M&S to close dozens of stores but City cheers turnaround plan after “year like no other”

What do analysts make of the M&S results?

[careful] 26/5/2021 14:14

Hope MKS get clothing right.
They should try to capture the quality market mid price.

Disposable tat like Primark, ASOS and Boo Hoo they should avoid.
Maybe a cheaper range also could be offered.
We don't all want 'wear once and throw away' clothing.

Some are prepared to pay a bit extra for quality.
MKS have lost their way.

Go for mid market, or maybe both.

[mitchy] 26/5/2021 13:04

I can see more broker upgrades to come off the back of these results. The turnaround for the company has been a long time coming . It seems like most of the Expensive restructuring costs are behind them with good prospects to come.Not happy about the loss of dividend when they've increased pension contributions from 0.9 B to 1.9 B but overall if the market share continues to grow there will be room for both.On a personal note I bought a pair of absolutely gorgeous leather gloves from them a few weeks ago which are the softest and warmest I've ever had and ONLY £15 !Good Luck.

[careful] 26/5/2021 11:52

Such a quiet thread for a one time favourite blue chip.
Todays results have been well received by the market.

But no interest, not as exciting or mysterious as Bitcoin.
Clothing and food boring compared to whatever it is that Bitcoin is.

[philanderer] 26/5/2021 10:09

M&S: A TRICKY MORNING CALL (0815 GMT)

About half an hour before the London stock market opened,
things started to look quite grim for the shares of Marks &
Spencer.

Most pre-market calls from brokers saw the British retailer
losing ground with the group reporting an 88% slump in full-year
profit, a collapse in clothing sales and a very big question
mark on its dividend.

Some calls, which seemed a tad contrarian, saw a 3% to 5%
rise, highlighting a strong start to new year, turned out to be
the most accurate.

The M&S shares quickly rose to the top of the STOXX 600 and
are now, at 0831 GMT, the second best performers, gaining 4.3%.

Looking at the glass half full, one can see that M&S
overall trading for the first six weeks of the 2021-22 financial
year has been ahead of the comparable period two years ago.

But there's plenty of scepticism out there.

"Marks & Spencer has had plenty of false dawns over the
years" commented analyst Adam Vettese at eToro, highlighting the
risk the retailer fails in its attempt to boost its clothing
division.

It's also fair to say that given its performance in the last
six years or so, the stock has a lot of catching up to do.

It is still 30% below its pre-COVID 19 peak and 70% below
its 2015 highs.

Alliance News

[philanderer] 26/5/2021 10:00

That seems to have gone down well.

[pdosullivan] 26/5/2021 09:34

Underlying (ex leases) net debt reduced by £0.3bn to £1.1bn in the past financial year. MKS was downgraded to junk post the onset of COVID-19 last year. If the better than expected performance unveiled today results in a one notch upgrade and restoration to investment grade, a number of MKS' bonds have coupon step downs on a return to investment grade, meaning that interest costs will reduce automatically.

[netcurtains] 26/5/2021 09:16

BBC Weather ideal for shopping.
Its going to be 20c for yonks and yonks!

Its going to be a RETAIL JUNE

[johnwise] 26/5/2021 08:48

RETAIL & DISTRIBUTION

Marks & Spencer targets Debenhams stores and retail parks as home makes online gains

May 26, 2021, 08:37 BST

Online home sales outperformed other categories at general merchandise and food retailer Marks & Spencer, but not enough to mitigate enforced store closures. It said the collapse of Debenhams represents an opportunity to find new stores.

[careful] 26/5/2021 08:48

MKS results show potential going forward.
Ocado on line growing well.
With a turnover of in excess of £10bn going forward this is looking cheap.

One day they will get clothing right.
And there are other areas they could move into.

This great old brand could make a strong comeback.
So much of the legacy opposition out of the way.
Norman and Rowe are changing the culture, a good team.

[johnwise] 26/5/2021 08:47

RETAIL & DISTRIBUTION

Marks & Spencer targets Debenhams stores and retail parks as home makes online gains

May 26, 2021, 08:37 BST

Online home sales outperformed other categories at general merchandise and food retailer Marks & Spencer, but not enough to mitigate enforced store closures. It said the collapse of Debenhams represents an opportunity to find new stores.

[netcurtains] 26/5/2021 08:43

Looks good
How high do you think it
Will go today?

[diku] 26/5/2021 08:26

So in other words the pandemic is good for MKS...figures are better than 2 years ago in 2019/20...

[mj19] 26/5/2021 08:18

M&S swings to big loss as pandemic takes its toll https://www.bbc.co.uk/news/business-57251682

[johnwise] 26/5/2021 08:14

Steve Rowe, CEO: "In a year like no other we have delivered a resilient trading performance"

Marks & Spencer Group PLC Final Results