Marks And Spencer Share Discussion Threads

[debsdowner] 20/8/2021 13:11

Humpty had you followed my advice when the share price fell to 70P you would have done very well. The only way is up now as I have been saying for a while.

[neilhumphreys] 20/8/2021 12:54

You’ve got more front than Blackpool Debbs! You really have!

[neilhumphreys] 20/8/2021 12:38

))))) very nearly had to change my under garments with that crack Debbs!

[debsdowner] 20/8/2021 12:29

Humpty have altered the header, you know I have a good take on retailers. Market makers playing a few games pre US open at the moment once it opens I see further upside.

I did say if MARKS was last man on the street MARKS could do well.

[neilhumphreys] 20/8/2021 12:16

Debbs darling! You’ve been predicting this massive M&S turnaround for so long haven’t you. You’ve always supported and been the M&S NO1 fan. In fact the M&S fan club is you. Remarksable.

[debsdowner] 20/8/2021 11:55

Shares soar says BBC

[neilhumphreys] 20/8/2021 11:51

And there we have it! Trading update as predicted! Good climb again once US opens!

We will see the upgrades and credit rating restored.

Whole BoD need congratulating on a well planned and thoughtful turnaround.

I will personally congratulate Archie Norman when I see him again in my favourite fish restaurant in London-Scotts on Mount st.

[debsdowner] 20/8/2021 11:45

Could hit £1.70 next week and maybe towards my £2 target.

[debsdowner] 20/8/2021 11:44

FT

Good article from FT

Clive Black, head of research at house broker Shore Capital, said the statement represented the first upgrade to guidance this century, which the company confirmed.

James Grzinic, retail analyst at Jefferies, said the upgrade “still looked conservative” as there was considerable scope for returning office workers to boost sales at the Simply Food stores in transport hubs and business districts.



Looks like MARKS will return to dividend list.

[xxxxxy] 20/8/2021 11:18

Will still add to holding at 125 ish. Just saying.

[debsdowner] 20/8/2021 11:16

DRAPERS

MARKS back on track however

"M&S said: "Although there has likely been an element of pent-up consumer demand in trading to date, we believe this performance provides strong confirmation of the beneficial effects of the last 18 months "Never the Same Again" changes.

"Despite this, there remains substantial uncertainty as to the continued strength of consumer demand, as well as disruption in both supply chains and consequent pressures on costs and margin."



Could take a little time to reach £2 bear in mind consumer sentiment is weak at the moment.

[debsdowner] 20/8/2021 11:09

QANTAS, maybe worth stacking a few away imo, Archie Norman hinted to the press about a month ago if the company was to perform as expected they would likely return to the dividend list !

US market open could push the share price higher.

[philanderer] 20/8/2021 10:08

That's a fine trading update :-)


In equity markets, Marks & Spencer racked up impressive gains after saying it expected annual profits to be at the top end of expectations as it reported a sharp rise in revenues during the summer.

Assuming no further Covid-related restrictions on trading, M&S forecast adjusted profit before tax for the year to be above the upper end of previous guidance of £300m - £350m. Group revenue surged 29.1% in the 19 weeks to August 14 and was 4.4% higher than 2019 before the Covid-19 pandemic struck and forced the closure of the retailer’s stores.


Advfn market report

[smurfy2001] 20/8/2021 10:06

Excellent news love their food via Ocado. Don't care for dividends capital gains good for now.

[qantas] 20/8/2021 10:00

In equity markets, Marks & Spencer racked up impressive gains after saying it expected annual profits to be at the top end of expectations as it reported a sharp rise in revenues during the summer.

Assuming no further Covid-related restrictions on trading, M&S forecast adjusted profit before tax for the year to be above the upper end of previous guidance of £300m - £350m. Group revenue surged 29.1% in the 19 weeks to August 14 and was 4.4% higher than 2019 before the Covid-19 pandemic struck and forced the closure of the retailer's stores.

[debsdowner] 20/8/2021 09:55

Press now started to comment Bloomberg QUINT:

The raised guidance at M&S is a result of a “disciplined approach to its clothing assortment” that’s boosting margins with online sales rising as a portion of the total, Bloomberg Intelligence analyst Charles Allen said. “It’s an early first step for M&S after years of struggling to regain its historic connection to consumers, but the new online model could maintain its appeal,” he s

[...]

[netcurtains] 20/8/2021 09:48

Next market cap is three times its turnover.
M&S has a turnover three times its market cap.
I rate M&S more highly than Next.
Currently the market rates Next three times the value of M&S

[netcurtains] 20/8/2021 09:46

The elephant in the room - profits.

One would think if M&S are having smaller summer sales but the turnover remains the same then profits should rise.

The advantage of being "the last man standing" after GAP and Debenhams have left the field and John Lewis being battered gives M&S a lot of high street clout.

Its obvious really.

£2 should be on the cards - touchwood.

£3 will depend if no covid lockdown this christmas.

[johnwise] 20/8/2021 09:34

Debenhams has gone from the high street- John Lewis is too expensive

Marks and Spencer raises profit forecast after strong sales

[debsdowner] 20/8/2021 09:18

Johny boy its old news wake up.

[johnwise] 20/8/2021 09:13

Marks and Spencer adds six new brands to its ominchannel offer

[debsdowner] 20/8/2021 09:09

QANTAS they certainly did I have altered my price target in header to £2 but it may take a little time as clothes are still struggling.

Takeover potential as well.