Marks And Spencer Share Discussion Threads

[debsdowner] 26/7/2022 10:26

Qute a raft of retail news today:

NISA cuts 50 of their head office jobs



ASDA survey reviels 1 in 5 has negative disposable income



Asos delays Autumn orders amid fears shoppers will cut back on spending



Wickes downgrades profit expectations



DIY sales starting to fall.

[darrin1471] 26/7/2022 10:23

A lot of results out after hours in the US this week. I'm not feeling positive so looking to trim a few holdings today.

[debsdowner] 26/7/2022 10:08

Wallmart profit warning



Uniliver has a double digit operating profit margin of 17%-18%

[debsdowner] 26/7/2022 10:01

Hi Darrin, I must have been typing as you had posted we were both questioning the fall a profit warning from Walmart is interesting.

However on the other side of the coin Uniliver is posting possitive profits even after putting prices up a considerable amount which I heard on SKY news but not read the press release yet.

[debsdowner] 26/7/2022 09:57

Most retailers are falling this morning, it could be the cost of living crisis and also the TV debate on the conservative leadership not sure. There are some commentators thinking Liz Truss promises will lead to inflation and increased mortgage rates but there is a lot of uneccessary fear talking like that.

We had all this with BREXIT all those dire warnings of sky high mortgage rates which just did'nt happen.

[darrin1471] 26/7/2022 09:55

Retails hit hard today.
Walmart down 10% after hours after profits warning

[xxxxxy] 26/7/2022 09:27

?How do brokers rate Marks and Spencer?Ben Hobson6 June 2022, 09:14?Broker recommendations can be a useful indicator when it comes to researching shares. Examining the average (sometimes called the 'consensus') rating among analysts can offer a guide to whether a share is worth buying or not.Take Marks and Spencer (LON:MKS) as an example. Shares in the company have risen by 8.82% over the past month and it's currently trading at 149.9p. But what do its brokers think?According to the consensus of analysts covering the stock, there could be reasons to believe the positive trend will continue. In terms of trading recommendations, Marks and Spencer currently has:5 Buy recommendations13 Hold recommendations0 Sell recommendationsThis indicates that analysts are generally positive about the outlook.At its current price of 149.9p, shares in Marks and Spencer are trading at a discount of -43.0% to its 52 week high price. The 1-year performance of the shares has been -6.20%.While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Marks and Spencer it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Marks and Spencer that you can find out about here..... Yahoo Finance... June 22

[xxxxxy] 26/7/2022 08:42

https://www.foodmanufacture.co.uk/Article/2022/07/22/why-has-marks-spencer-purchased-its-own-logistics-company

[debsdowner] 25/7/2022 19:56

libertime,

Thanks for that, I now recall seeing this a while back. How the recent downgrade would affect that valuation is another matter, but let's face it brokers views can be wrong in any event and you find that brokers can be wide off the marks sometimes.

The only concern which I would have is there has been a number of brokers downgraded MARKS and that suggests profits may struggle the next year or so.

But on the possitive side all the tie ups with third parties are unknown factors and MARKS recent deal with distribution (gist) is a possitive.

[libertine] 25/7/2022 18:11

MKS own 50% of Ocado Retail
Recently Credit Suisse came up with a valuation of the Ocado Retail joint venture at £2.5bn. Valuing MKS 50% stake at £1.25bn.(MKS paid £750m for their stake in 2020)

[debsdowner] 25/7/2022 17:35

QANTAS,

So far as I am aware and if I am wrong please correct me MARKS stake is UK only so it's difficult to quantify how any valuation MARKS have on that part of the business. The overall business has been downgraded however and one would have thought the downgrade must affect MARKS share.

At the moment MARKS share is just trawling along at this level and no particular direction either way.

[qantas] 25/7/2022 16:02

Analysts at Berenberg lowered their target price on online grocer Ocado from 1,415.0p to 1,290.0p on Monday but noted that the group's solutions division remained "on track".

Berenberg said Ocado's earnings and sentiment were being affected by headwinds facing its retail business, although it pointed out that the division was not the long-term driver of the group's valuation.

The German bank stated Ocado Solutions, the group's e-commerce technology unit, remained on track, was "well positioned" to navigate inflationary pressures, and added that its recent capital raise had eliminated funding concerns.

"We believe Ocado's ecosystem of grocery e-commerce solutions is best in class, and we expect more deals from both existing and new partners. We lower our price target to 1,290.0p (from 1,415.0p) to reflect the capital raise and lower value attributed to Ocado Retail," said the analysts, who reiterated their 'buy' rating on the stock.

"Excluding Ocado's 50% stake in Ocado Retail, which we value at £753.0m (91.0p per share), Ocado Solutions trades on c20x FY 2025E EV/EBITDA; however, these estimates incorporate no future deals and attribute no value to Ocado's other ventures (ie Oxbotica, non-food retail optionality, and vertical farming, among others)."

[debsdowner] 25/7/2022 08:32

ALDI UK awards it's staff a second pay rise this year with a minimum of £10.50 per hour from September.

[debsdowner] 23/7/2022 13:30

The COOP is strugling and having to cut 400 jobs



COOP profits plunge over half to £100 million:

[debsdowner] 22/7/2022 12:57

FRASERS boss wants GOV to act over business rates as his company makes bumper profits

[debsdowner] 22/7/2022 12:21

Fuel and clothes top of family spending cuts says BBC



This will only get worse as come the Autumn and household energy cap will go up again and government support won't make up for the increase in energy costs.

With a bit of luck fuel at the pump could fall more as oil prices continue to fall.

UK PMI's came out this morning a little better than forecast but weaker than last month with the outlook weak.

[debsdowner] 22/7/2022 09:24

The outlook for retail sales in July is also poor :-

"There is likely to be little respite for retailers when sales figures appear for July after the GfK consumer confidence barometer revealed a record slump in June was repeated this month."



Retail Gazette

[xxxxxy] 22/7/2022 07:43

Retail sales declined in June as a boost in spending over the Platinum Jubilee bank holiday failed to offset the wider gloom for consumers.Sales volumes fell 0.1pc last month after tumbling by a revised 0.8pc in May, according to the Office for National Statistics.While retail sales are 2.2pc above their pre-pandemic levels from January 2020, the broader trend is one of decline.Food sales jumped 3.1pc over the month as Brits rushed to stock up on food and drink during the Jubilee celebrations.But fuel sales tumbled 4.3pc as pump prices hit record highs, while non-food and online shopping also declined.It came as separate data showed consumer confidence is languishing at a 48-year low in the face of surging inflation and higher interest rates.GfK's index held at -41 in July – below levels that have previously preceded recessions.... Daily Telegraph

[debsdowner] 22/7/2022 07:24

Retail sales still falling last month -0.1% after a 0.8% fall in May. There was a "Jubilee" boost in food offset by a fall in non food:



"Clothing stores sales volumes fell by 4.7% in June 2022, down from an increase of 2.2% in May 2022. Household goods stores (such as furniture stores) sales volumes fell by 3.7% in June 2022 because of falls in each of their sub-industries. Feedback from retailers suggests that consumers are cutting back on spending because of increased prices and affordability concerns."

[debsdowner] 21/7/2022 15:20

FRASERS up a whacking 27% at the moment and with the company buying back shares you can understand why.

Mike Ashley's son in law will be heading towards a multi million pound bonus.

[diku] 21/7/2022 14:47

CFO only over 2 years...does he know
something...

[diku] 21/7/2022 14:44

Must say very resilient last few days...