Marks And Spencer Share Discussion Threads

[gruss] 24/3/2011 09:56

Coming back down to earth a bit the reason for the shares are doing well is because of good figures coming out of other fashion retailers at the moment. Next is is probably their main competitorand posted very good figures today and this is having a knock on effect for MKS. Also their was speculation in the Daily Mail yesterday that Sainsbury may be interested in bidding for MKS.

Also Nickward is having to buy MKS stock back he has been shorting on so no doubt this has helped!!!!!!!!!!!

[robertfaulkner] 24/3/2011 09:46

What about a China wealth fund, M&S is the only retailer in UK that doesn't sell only 'Made in China' products.

It would be if they owned it. Maybe they want to go up market, open a chain in China and get the Burberry business that the Chinese mainlander's are buying in China and when they are abroad.

Would Cameron allow M&S to be bought by a foreign company after the Roundtree fiasco.

Imagine the share price if even a hint of buying by China.

GET TWEETING GUYS

[robertfaulkner] 24/3/2011 09:37

Someone must be building a stake, you don't get days of price rises in MKS when the Gov cuts haven't even started yet (Start April)

Who can it be, it can't be Philip Green again, can it?

[gruss] 24/3/2011 08:57

I just hope our friend Nickward is not getting stockburn.lol

[artnouveau] 24/3/2011 08:50

4 million shares already traded

[isis] 24/3/2011 08:35

Good figures from KGF too.

[gruss] 24/3/2011 08:33

Also good figures from the owner of Zara was a contribution to the rise yesterday.

[isis] 24/3/2011 08:28

Good figures from Next.

[mechanical trader] 24/3/2011 08:11

Having a fantastic ride off late. More to come. Up Up Up.

[dnfa1975] 23/3/2011 09:04

mks eating sainsburys lunch

[isis] 23/3/2011 09:03

MARKET REPORT: Grocery giant Sainsbury falls over sales fears
By GEOFF FOSTER
Last updated at 1:02 AM on 23rd March 2011
Comments (0)
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Conspiracy theorists would say that the only reason a major company chooses to issue a trading statement of any description on Budget day is to hopefully 'hide' disappointing or bad news.
Britain's third biggest grocer Sainsbury's gives a fourth-quarter sales update today which will cover the 10 weeks to March 19, and fears they will not cut the mustard left the shares 3.2p cheaper at 354.3p.
Sainsbury's is the first of the major supermarkets to comment on trading since the end of January.


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Broker Shore Capital is cautious and forecasts a slowing of like-for-like sales growth of between 2-2.5pc, down from 3.6pc in the third quarter. It retains only a hold recommendation on the stock but admits that the expected yield of 4.2pc does look attractive.
Today's trading statement from Sainsbury's could possibly prove to be just a sideshow before the main event if rumours circulating within the market prove correct.
Speculation suggests that the Qataris, who still sit on 26pc of Sainsbury's equity after walking away from a £10.6bn bid in November 2007, have approached the supermarket's board with a grand plan. The super-rich Arab investor does not want to revive its offer for the group, but would give its 100pc support to Sainsbury's should it launch a £13bn-plus bid for high street giant Marks & Spencer, 1.5p easier at 340.5p.
The prospect of a possible marriage between Sainsbury's and M&S has been flagged before. Indeed, four years ago, Marks & Spencer said it was seriously considering a bid for Sainsbury's. Soon after that declaration it back-tracked, saying it would not bid but reserved the right to change its mind almost at any time.
Current Sainsbury's boss Justin King joined as chief executive in March 2004 from Marks & Spencer where he was a director with responsibility for its food division.


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[nickward] 22/3/2011 09:56

Running for cover,no way, there is not much upside on this. From April 6th the 40% tax brackeket drops. Tax credit for children under one, currently £545, will be reduced, child care allowances drop. NI is to go up from the current rate of 11% to 12%,( the Tories called it a tax on jobs when Labour proposed it now they are at it themselves). Also NI will go up from 1% to 2% for those on £43875 or above. To my mind this all spells less mony to spend at M&S. Do your own homework.

[gruss] 21/3/2011 14:39

Interesting because Bank of America downgraded to underperform on 18.3 but no price target.

[mechanical trader] 21/3/2011 14:18

Broker Upgrade.....


Marks & Spencer Group
FTSE 100
Consumer, Cyclical
Buy
475
340.9
39.3%
Execution Noble

Target share price 475p 39.3% upside.

[gruss] 21/3/2011 12:11

and there I was thinking it was nickward running for cover! lol

[mechanical trader] 21/3/2011 10:06

Marks and Spencer bouncing off a strong support line going back over a year. Trading range set up.

[nickward] 19/3/2011 08:59

No roasting or burning here, I am short from 400p, if they go back up to 350p I will just add to my short. They are going to loose a huge number of customers when all the NHS managers loose their jobs, all on £40 to 70K salaries, most of them M&S type customers.

[gruss] 17/3/2011 13:29

More like roasted!!!

[gruss] 17/3/2011 12:55

By the price today I take it you shorters are now running for cover.
We all know that a big announcement is coming up soon!!!!!

[nickward] 16/3/2011 12:09

Yurin

Who's getting flustered, you know as well as I do that these lot are inept, just cos you voted for them doesn't mean you have to defend them, just admit your mistake. Sorry about that Gruss but the old politics game does have an effect on the market and the effect on M&S is down that's why I am short and every time I take a look at the price I am richer.

[gruss] 16/3/2011 09:45

Please do not adjust your computer. Hopefully normal service will be resume shortly and we can get back to MKS. This is not a forum for you girls to debate the right and wrongs of the political parties.

We have enough problems on the III MKS site with a poster who keeps referring to a french phase book to post his rampant ramplings.

[yurin] 15/3/2011 21:30

Labour only know how to spend .... their idea is a nanny state where everyones hand is held and services are provided for everything.... benefit is a way of life under labour which is why half the population receives some form of benefit. Its about time we got the work ethic back instead of people lying around seeing how much they can get for doing as little as possible. Labour made that a way of life...

Nickward you accuse others of just spouting party propaganda and then you come out with...."there is no chance the economy is going to grow with the Tories at the helm" .....any political credibility you 'may' have had, went out of the window with that sweeping dismissal of a government....Thats the kind party political propaganda spouted by labour for the gullable to swallow. In case it escaped your attention...cuts are needed! And dont point to previous Conservative governments as a yard stick for the current governments potential ability to govern and manage the economy!

[nickward] 07/3/2011 16:32

Wllmherk

As someone who is now seriously thinking of moving to the Labour party I guess we have no common ground. Thanks for your well wish on my short position. I don't think I will get burned, I have plenty of head room on these short positions and there is no chance the economy is going to grow with the Tories at the helm. They only know how to cut and when they have finished cutting there won't be any tax payers left to support any infrastructure and foreign companies will own all our companies and all our assets. I would also like to point out that Labour had already started to address the deficit reducing it and growing the economy in the first half of last year. Since Tweedle Dee and Tweedle Dum took the reins economy has ground to a halt on edge of a precipice.

Watch Channel 4' Despatches tonight if you want to find out more about the Sell off of Britian.