Marks And Spencer Share Discussion Threads

[debsdowner] 10/11/2021 11:07

Suoply chain costs worrying MARKS and some profit taking ffrom spike in share price.


Buy on rumour sell on news.

[xxxxxy] 10/11/2021 11:04

Didn't sell any. Will only add to holding if 125 ish. Just saying.MKS needs Amazon, or is it actually Amazon needs MKS. Things are changing again as people are desperate to get out, move around and do things as Nature intended. Nothing, absolutely nothing in the end prevents The Natural. Social engineering is useless over time.Online yes. Outside is more FUN. Mostly.

[debsdowner] 10/11/2021 11:01

My target £2.50 Peel hunt £2.60 !

We wont quible of a mere 10p at that level, it just goes to show how accurate my forecasts are.

[philanderer] 10/11/2021 10:06

Excellent results :-)


PEEL HUNT RAISES MARKS & SPENCER TO 'BUY' ('HOLD') - TARGET 260 (190) PENCE

[ander] 10/11/2021 09:44

Great results...I was going 'top up' last week and changed my mind, what a mistake!!

[libertine] 10/11/2021 09:40

PEEL HUNT RAISES MARKS & SPENCER TO 'BUY' ('HOLD') - TARGET 260 (190) PENCE

[gerrym two] 10/11/2021 09:30

Well done guys !

[essentialinvestor] 10/11/2021 09:29

Many congrats folks, I am the genius who sold yesterday!.

[xxxxxy] 10/11/2021 09:12

Shares in Marks & Spencer have surged by more than a fifth after the retailer raised its profit forecasts for the second time in less than three months.The retailer said it expects full-year profit to hit roughly £500m – a jump from its previous estimate of around £350m.M&S's improved performance was driven largely by food sales, which jumped 10.4pc in the first half as more people cooked at home during lockdowns. Its clothing line – historically its more troubled division – suffered from store closures, but revenue was down only 1pc.Shares jumped as much as 21pc, hitting the highest level since 2019, before falling back to gains of 16pc.However, the high street chain warned it was hard to "unravel" the continued impact of the pandemic on higher sales, adding that supply chain troubles and cost inflation posed a threat..... Daily Telegraph

[smurfy2001] 10/11/2021 08:53

Still holding. Share price finally heading towards pre-covid levels.

[debsdowner] 10/11/2021 08:42

Have editted the header to say MARKS share price could extend to circa £2.50 by New Year.

[freedom97] 10/11/2021 08:31

Divi will be granted again soon.

[careful] 10/11/2021 08:30

Excellent results.
£500m pre tax guided, growth in key online.

At last we can get back to where we belong.

[freedom97] 10/11/2021 08:28

Empty shelves = they are selling lots and encourages customers to buy other items as they think M&S must be a great shop everyone's buying their stuff. ;-)

[debsdowner] 10/11/2021 08:17

Overall good results and Im think MARKC shares could reach £2.50 by NEW year as predicted.

[freedom97] 10/11/2021 08:16

Best change your target to circa £3 debs.

Heading for a FTSE100 listing again.

[netcurtains] 10/11/2021 08:12

I sold half at £2.33
Blimy.
I've got a smile as big as the planet!

[debsdowner] 10/11/2021 08:11

Outlook and path to growth

As we move from the 'fixing the basics' phase of the transformation, we are confident of our ability to drive shareholder value in the next phase. Trading for the first four weeks of H2 has been consistent with growth rates reported in Q2 and ahead of plan and we expect the strong demand relating both to the bounce back and improved customer perception to be sustained in the near term. However, well publicised cost pressures will become progressively steeper increasing the importance of our productivity plans, store rotation and technology investment in the coming year. Taking these factors into account and assuming there is no further acute pandemic related disruption, our central case is for profit before tax and adjusting items for the year to be ahead of expectations and in the region of GBP500m.