Marks And Spencer Share Discussion Threads

[netcurtains] 14/7/2021 17:31

I dont really understand the low valuation of M&S unless its being set up to be taken out by a US break-up organisation or Ocado etc

The current share price is silly.

The current share price is only just above NAV so market thinks MKS is more or less worthless. Insane valuation.

[debsdowner] 14/7/2021 16:47

Ocado has also lost about a third of its market cap from its highs.

[debsdowner] 14/7/2021 16:41

mitchy, I concur with your views its broken its £1.50 level and any chartists will be looking for the £1.30 support.

I also dont think we are close to a trading statement with the Norman making comments to the press over the weekend last Monday could have been the time but as one didn't materialise then its a waiting game.

Moreover the market in general is looking weak following inflation data any sense of an interest rate rise would knock the market.

[xxxxxy] 14/7/2021 15:15

John Lewis and Waitrose slash another 1,000 jobs in new cost-cutting pushThe employee-owned retailer has pushed through a series of store closures since the pandemic hitByHannah Boland14 July 2021 • 2:55pm....Daily Telegraph

[mitchy] 14/7/2021 15:11

I can see it going to 130p without a trading statement. Any good news coming out of MKS appears to be largely disregarded . It constantly under performs the sector since the results . That said my wife reports the Weymouth store is always very busy. Even the BP/M&S petrolstation sees a steady stream of grocery shoppers whenever I fill up.

[debsdowner] 14/7/2021 15:08

Another 1,000 jobs to go at both Waitrose and John Lewis



Retail gazette

[debsdowner] 14/7/2021 11:50

£1.30 is now the next support level which would mean a near 20% fall from the high on day of results.

[debsdowner] 14/7/2021 08:57

Inflation figures today been released higher than expected which has pushed sterling up and worried markets.

MARKS is falling on both data and sentiment.

[johnwise] 14/7/2021 08:18

.
M&S are doing some good deals on wine at the moment . Check online .

[johnwise] 14/7/2021 08:17

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M&S are doing some good deals on wine at the moment . Check online .

[debsdowner] 13/7/2021 15:15

shoesize, it would only take the market in general to plummet and so would MARKS, however it is edging downwards to nearer £1.30.

[shoesize19] 13/7/2021 15:12

Collapsing just as I said not long ago , Debs also said it would happen as well .

Oh Dear .

[debsdowner] 13/7/2021 10:59

Retail sales had their best quarter but there is a sign that with hospitality opening up consumers are startign to alter their way they spend

[philanderer] 13/7/2021 10:33

JPMORGAN RAISES MARKS & SPENCER PRICE TARGET TO 173 (160) PENCE - 'NEUTRAL'

[debsdowner] 13/7/2021 10:16

mitchy, there are a lot of caveats in Norman's statement to the press like " we'd love to get back to paying dividends again", well yes everyone on the stock market would but in a lot of cases it isn't possible and could take years if ever for some companies.

As I said after the press comments if he had anything of substance to say it would have been in a trading statement and one has to take his comments with a pitch of salt.

After the press comments the share price fell yesterday which to me spoke volumes.

The share price has broken below £1.50 and bobbing around that level and any further weakeness in the market in general on the downside and MARKS will follow.

The share price is going nowhere fast short term without a possitive trading statement which shows MARKS gaining headway.

They may benefit from DEBENHAMS downfall but not immediately, shopping habits have to get back to normal and they havent yet, footfall is still well down on the High Street.

MARKS will not go bust but its a long road ahead.

[johnwise] 13/7/2021 08:25

UK retail sales post strongest quarter on record

UK retail sales posted their best quarter on record as the lifting of Covid restrictions and Euro 2020 triggered a burst in consumer spending, according to new figures released today.

Figures from the British Retail Consortium and KPMG show retail sales surged 10.4 per cent in the second quarter of this year compared to the same period in 2019, before the onset of Covid.

[johnwise] 13/7/2021 08:24

UK retail sales post strongest quarter on record

UK retail sales posted their best quarter on record as the lifting of Covid restrictions and Euro 2020 triggered a burst in consumer spending, according to new figures released today.

Figures from the British Retail Consortium and KPMG show retail sales surged 10.4 per cent in the second quarter of this year compared to the same period in 2019, before the onset of Covid.

[philanderer] 13/7/2021 00:33

or this ;-)

Retail sales enjoyed a springtime bounceback, with growth in High Street sales from April to June making it the best three months on record, industry body figures indicate.

June's sunny weather and the Euro 2020 tournament helped to boost trade, the British Retail Consortium said.

[mitchy] 12/7/2021 19:05

Chairman Archie Norman 11/7/21

'If we can come out of this crisis stronger – which we are feeling good about – if we come out feeling stronger, it will be sooner.'

Norman said: 'Be under no illusion, we'd all love to get back to paying the dividend again.'

Norman also suggested the group may benefit from the demise of Debenhams and added that M&S is in the process of taking on seven of the collapsed chain's shop sites.

He said: 'It's not just Debenhams, we've seen a whole variety of business, Edinburgh Woollen Mill, the Arcadia Group, collapse. There's no doubt the downturn brought forward some business failure amongst our competitors and that should enable us to emerge stronger.'

A heads up for figures above expectations ?

[philanderer] 12/7/2021 13:32

Football fails to boost footfall: UK shopper numbers stay flat

[debsdowner] 12/7/2021 09:21

Loss of the European Cup now put a downer on shares which was expected. Traders will be in depression.

[xxxxxy] 12/7/2021 08:34

UK supermarkets 'are the most undervalued in the world', says former Sainsbury's bossInternational buyers have scented an opportunity in the UK grocery market, according to former Sainsbury's chief Justin KingByLaura Onita11 July 2021 • 5:00pmBritish supermarkets are the most undervalued in the world, the former boss of Sainsbury's has said, after a takeover race for Morrisons and the sale of Asda to the billionaire Issa brothers.Justin King said international buyers have scented an opportunity in the UK grocery market as it races to capitalise on post-Covid demand for internet shopping.Mr King ran Sainsbury's for almost a decade before stepping down in 2014, and is now a non-executive director at Marks & Spencer. He said: "People have assessed, partly through the purchase of Asda by the Issas, that supermarkets in the UK are the most undervalued in the world, while being the most multichannel too."The Issas snapped up Asda for £6.8bn last year and US private equity firm Fortress is leading a consortium which has offered £6.3bn for Morrisons, with rivals expected to come back with higher bids..... Full article... Daily Telegraph