Marks And Spencer Share Discussion Threads

[gruss] 08/9/2011 09:09

Nicd

Been there and done that as they say but to me MKS is a class act ånd bought for the long term.

Marks & Spencer – Co. shares rose yesterday on private equity takeover talk, Apax is rumoured to be considering GBP 4.50 per share offer. (Independent)

PS Take that with a pinch of salt. Its the same old chestnut reheated.

[nicd] 08/9/2011 08:59

Gruss,

stick with it. I overtrade and suffer.

[isis] 08/9/2011 08:45

Morrisons figures were quite good that maybe helping, Home Retail and Dixons both underperformed though.

[gruss] 08/9/2011 08:36

Oh with hindsight but I am a bit of a plodder with my investments and no good with what could have been. I have to deal with what is now and ok could have made more money but I am not greedy and very content with the present position in MKS. Also getting a great divi.

[nicd] 08/9/2011 08:30

you would have been even more pleased if you had of sold at £4, and bought back in at 3.
I foolishly bought in way too high.

[gruss] 08/9/2011 08:12

Very pleased I topped out at about £3.00 when others were panicking. Also even more pleased have my majority holding from I bought at £2.00.

[philo124] 07/9/2011 22:22

Go to a large M&S store, look at the new stock, watch consumers, watch what & how much they purchase. Of no interest to the city boys i know.

[philanderer] 07/9/2011 20:56

"..Marks & Spencer added 12p to 313.8p on speculation of possible private equity interest. There were suggestions of an approach for the 3.7% stake held by investment group Brandes at around 400p a share."

[old crow] 07/9/2011 04:33

PUGDOG

perhaps you all may have noticed the quality of garments much lower and
the quantity of foodstuffs in packets much less for same or higher prices

Mr and Mrs Crow been saying that for long time
MKS been trying all sort of tricks to increase profits such as the cheapest
one free
You have to be alert and dont get caught out.

Keep crowing

[pugdog] 06/9/2011 15:43

At present share price,lets hope some private equity co. becomes interested soon.
Mks is only run for the for the benefit of M&S board. The ordinary shareholders
have had a very poor return. Mr. Green could still buy it for £4 !!
( perhaps you all may have noticed the quality of garments much lower and
the quantity of foodstuffs in packets much less for same or higher prices )

[gruss] 06/9/2011 10:35

But Esprinto reiterates buy at 4.20. As I said they make it up as they go along.

Also MKS are going back to 6 months reporting (Yes I know old news) but Mr Bolam did say at the time the reason they went back to quarterly reporting because of situation on the high street at that time. Are we now to assume that things have improved for MKS despite all the doom and gloom for retailers going around.

If they drop anymore I will probably add to my holding again.

STOP PRESS!!!
Seymour Pierce reiterates buy but no old or new target shown.

[philanderer] 06/9/2011 09:21

Citi downgrade.... 'hold' target price down from 450p to 320p

[zulu001] 06/9/2011 08:54

Where is support?

[isis] 05/9/2011 11:19

I'm out of Retail for the moment because economy looks too dodgy - no probs with M&S longterm though:-

Womenswear sales slump
By Jamie Grierson
Monday, 5 September 2011
The owner of womenswear chains Kaliko and Ann Harvey highlighted more pain on the high street today after revealing sales slumped during August.

Alexon, which has six brands available in more than 990 outlets in the UK and Europe, said same-store sales fell 9% in the first three weeks of August and that it now expects its full-year profits to be "well below" expectations.

The board said it was considering selling the company as one of a number of options to restructure the struggling retailer and was in discussions with more than one interested buyer.

The bleak outlook came as a survey from accountancy firm BDO revealed the high street recorded its worst sales in two years in August as the riots that shook the UK took a heavy toll on the retail sector.

Luton-based Alexon, which is also reportedly considering a multi-million cash call to investors in a bid to reverse its fortunes, returned to profit in the year to January.

But the company has struggled in the current financial year, with like-for-like sales in the first six months increasing 0.7%, although total sales dropped 8% as it slowed its store opening programme to conserve cash.

The group, which also owns the Dash and Minuet Petite chains, rolled out a tough turnaround plan last year which involved raising £20 million through shareholders and shutting 51 stores.

The board, responding to speculation over the weekend, said it was exploring options for a "more appropriate" capital structure and a sale was an option under review.

However, it added no firm proposal had been received and there was no guarantee of a deal.

Looking ahead, Alexon said the downward trend in August did improve slightly, slowing to a 1% drop in like-for-like sales in the last week of the month.

But it warned the environment and outlook remains "very tough".

Elsewhere, Alexon reported strong growth in its online division, which was up 118% in the first half of the year, although it makes up 8% of the business.

Refitted stores and concessions continue to outperform the rest of the estate, Alexon said.

PA

[nick rubens] 05/9/2011 11:03

Market needs a trading update before deciding if it's oversold or heading in the right direction. :(

[huntie2] 05/9/2011 08:56

who dares sometimes wins, and sometimes comes a cropper!

[gruss] 31/8/2011 15:05

As I said who dares wins

[gruss] 26/8/2011 14:12

He who dares!!

[chris coxon] 26/8/2011 14:08

Gruss - Brave man buying in this market!!

[gruss] 26/8/2011 14:07

The last profit warning was about 3 July 2008 and to date no profit warning. The world and his wife plus the shorters are all assuming the worst.

John Lewis are still increasing sales but makes better press to look on the gloomier side.

Also I have just added to my holding.

[philanderer] 26/8/2011 14:02

libertine, they could also decide to just cut the dividend of course .

[libertine] 26/8/2011 13:44

Nice dividend yield now, unless of course you don`t think they can survive.

[gruss] 26/8/2011 08:35

No doubt Nick is leading the charge. LOL