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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Marks And Spencer Group Plc | MKS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 5.60 | 2.18% | 262.20 | 08:11:49 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 258.90 | 258.90 | 262.20 | 256.60 |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 08/11/2023 | Interim | GBP | 0.01 | 16/11/2023 | 17/11/2023 | 12/01/2024 |
| 06/11/2019 | Interim | GBP | 0.039 | 14/11/2019 | 15/11/2019 | 10/01/2020 |
| Interim | GBP | 0.039 | 13/11/2019 | 15/11/2019 | 10/01/2020 | |
| 27/02/2019 | Final | GBP | 0.071 | 30/05/2019 | 31/05/2019 | 12/07/2019 |
| Interim | GBP | 0.071 | 29/05/2019 | 31/05/2019 | 12/07/2019 |
| Top Posts |
|---|
Posted at 15/4/2024 11:18 by debsdowner I am not surprised at the upgrade MARKS other brands must be making a significant contribution to sales and profits and MKS own brands must eb doing well the fashion has improved significantly as seen in TV and other media outlers. |
Posted at 12/4/2024 14:51 by blackhorse23 Money moving to GNC [greencore] ready made food manufacturer for MKS & other high street retailers |
Posted at 04/4/2024 11:45 by bigbigdave Thanks philanderer, bodes well for the next MKS update |
Posted at 25/3/2024 18:12 by debsdowner gsw,I think u are right the fall was overdone and only due to MKS cautious statement on outlook. |
Posted at 25/3/2024 11:22 by blackhorse23 Bought GNC who is a manufacturer for mks |
Posted at 25/3/2024 09:56 by debsdowner john,I think it is a strong possibility Marks don't want Holly now she is no longer on prime time TV and there are better people out there now. Time to move on MKS no longer need here now. Aly130, I concur with your comments entirely. |
Posted at 08/12/2023 17:06 by makinbuks Further from the same source:"Earlier today another one of Marks & Spencer’s bonds, a sterling issue with £128m outstanding (£300m originally) that had a coupon of 4.25%, matured. At end-September 2019 (the last MKS results pre-pandemic), the Group had £1.9bn of MTNs outstanding, which has now reduced to £0.9bn (a 51% reduction). MKS does >£1.3bn of EBITDA a year, leaving it well placed to meet upcoming maturities (£203m in 2025; £202m in 2026; £250m in 2027; and $300m in 2037) from internal cashflows. Furthermore, MKS had net debt (pre-leases) of only £320m at end-September 2023, so it should transition to net cash in the not too distant future – something that will give it a competitive advantage over indebted peers. The elimination of coupon payments as bonds mature is not transformational in terms of Group profitability, but it is nonetheless a helpful tailwind to EPS. MKS trades on an undemanding 11.1x FY (year-end March) 2025 earnings and yields 2.2%, per Bloomberg consensus data." Again, can only agree. Once MKS has net cash we will see dividends growing in excess of inflation and share buybacks. More wealth manager buying and a gradual long term rise in the share price |
Posted at 08/12/2023 16:53 by makinbuks From an e mail received from Theodosian Capital this afternoon:"S&P upgraded M&S to investment grade (BBB-, was BB+) with a stable outlook this week. Bonds issued under MKS’ EMTN programme have coupon step-up features relating to a downgrade to junk. Following the March 2020 downgrade to sub-investment grade by both S&P and Moody’s MKS said in its FY (year-end March) 2020 Annual Report that “this should result in an additional c.£15m of annual interest costs, payable following the next coupon payment”. Moody’s still has MKS on sub-investment grade (Ba1, one notch below investment grade). However, I suspect (but am not certain – I have a query in to MKS IR on it) that receipt of one IG rating might reverse the coupon step-up. If I’m right, this should knock around £10m a year off MKS’ finance costs (as medium-term notes outstanding have reduced from £1.47bn at end-FY 2020 to £1.05bn at end-H1 2024. MKS trades on a very undemanding 12.2x consensus FY 2024 earnings, falling to just under 11x 2025 earnings, given the momentum behind the business." Good point, shows the potential flywheel effect of recent strong trading and results |
Posted at 08/11/2023 07:07 by the grumpy old men DividendsWith the Group generating a further improvement in operating performance, balance sheet and credit metrics, the Board is restoring a dividend to shareholders, starting with an interim dividend of 1p per share. In line with the requirements of IAS 10 Events after the Reporting Period, this has not been recognised within these results. This interim dividend will be paid on 12 January 2024 to shareholders whose names are on the Register of Members at the close of business on 17 November 2023. The ordinary shares will be quoted ex dividend on 16 November 2023. A dividend reinvestment plan (DRIP) is available to shareholders who would prefer to invest their dividends in the shares of the Company. For those shareholders electing to receive the DRIP, the last date for receipt of a new election is 19 December 2023. |
Posted at 21/5/2023 12:56 by darrin1471 In January MKS did not upgrade their outlook so the risk should be to the upside as consumer confidence is higher now than when the outlook was issued.MKS is at a year high but there is still a 50% upside to reach the post covid high and I would argue that the perception of MKS is now a lot better than then. The elephant in the room. Dividends This time last year "The Board will consider the scale and timing of a resumption of dividend payments at the year end" Resuming dividends after 4 years should be a significant boost to the share price as income funds are able to buy. Dividends vs debt paydown vs investment is an important call and the forward looking dividend policy will be very important to the MKS share price. |
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