Marks And Spencer Share Discussion Threads

[essentialinvestor] 02/6/2012 09:41

Many thanks.

[buywell2] 02/6/2012 09:22

Chartwise it looks like in a couple of months say August time

Which would tie in you will note with the 2011 move down also

[essentialinvestor] 02/6/2012 09:18

Decent longer term buy if it gets there imv.


Any timeframe on that buywell? TIA.

[buywell2] 02/6/2012 09:16

300p and maybe lower coming chartwise

The retail sector is NOT the place to be methinks

[druinsky] 01/6/2012 08:52

thanks, looking forward to it :)

[philanderer] 30/5/2012 23:55

druinsky , MKS went xd this morning.

[druinsky] 30/5/2012 20:07

ex-dividend on 1 June and it is 10.8p

[lucky_punter] 24/5/2012 13:41

Marks and Spencer's (LON:MKS) profits fell for the first time in three years while it cut its sales growth targets because of the uncertain economic outlook.
The clothing and luxury food group now expects to increase revenue by £1.1 billion to £1.7 billion next year, after originally targeting growth of £2.5 billion.

[essentialinvestor] 22/5/2012 12:46

With you on that GRUSS.

Clarke has not taken his bonus at TSCO.

[gruss] 22/5/2012 11:23

Meanwhile, it has emerged that M&S board members are in line to receive a bonus for boosting sales even if the retailer misses targets presented to the City 18 months ago by Bolland.

I hope that includes the foot soldiers who work in the stores. Otherwise we are not in it together Marc.

In my opinion there is far too much deadwood working in the stores. I certainly do not mean the normal Sales advisor but these muppets who walk about in suits which I understand are commercial managers. They are full of their self importance and would not lower themselves to help a customer.

[dugganjoe] 22/5/2012 08:59

debt paying down nicely and that 17p dividend is just wonderful. ask the mrs!

[artnouveau] 22/5/2012 08:55

The share price has fallen from about £3.80 recently so dull results were expected across retail anyhow. I've seen most the commentary on TV this morning and consensus seems results were expected. Except on BBC Breakfast where the interviewer insinuated they were very bad which given the current economic environment they're hardly shocking.

I expect once they go ex div on May 30th support will fall away and they could go sub £3 but then the good old takeover rumours will resurface. Not one to short IMHO. Vodafone results have also shown this morning that they are treading water with results inline but maintaining what they've already got. I guess it's all about survival of the fittest...

Sainsbury's results were exceptional given the economy, this was through gaining market share versus competitors.

ArtN

[dugganjoe] 22/5/2012 08:54

very good imho r esults. expect Bolland to wade in and buy shares

In addition, the directors have proposed a final dividend in respect of the year ended 31 March 2012 of 10.8p per share amounting to a
dividend of GBP172.3m. It will be paid on 13 July 2012 to shareholders who
are on the Register of Members on 1 June 2012. In line with the requirements of IAS 10 - 'Events after the Reporting Period', this
dividend has not been recognised within these results.




17p dividend. nice!

[benson384] 22/5/2012 08:39

Ouitlook looks gloomy with growth forecasts cut, dividend appears to be only reason why price is up this am. Which I find incredible, was expecting a drop at open of the numbers. Anyone got any ideas as why price is up, other than PTP better than forecast.?

[simon templar qc] 22/5/2012 07:53

Boland slashes his growth profts severly..

[robertfaulkner] 22/5/2012 07:37

At least the div(17p) has been kept


marks and spencer group pLC
FULL YEAR results 2011/12 - 52 WEEKS ENDED 31 MARCH 2012
Marks and Spencer performed well in a challenging economic environment and made good progress in delivering our strategy
Final results:
-- Group sales up 2.0% at GBP9.9bn
-- Total UK sales +1.5%: Food +3.9%; General Merchandise -0.9% (Clothing +0.2%, Home -10.0%)
-- Like-for-like UK sales +0.3%: Food +2.1%; General Merchandise -1.8%;
-- International sales +5.8%
-- Multi-channel sales +18%
-- Underlying profit before tax(1) GBP705.9m (last year GBP714.3m)
-- Underlying basic earnings per share(1) 34.9p (last year 34.8p)
-- Full year dividend 17.0p per share (last year 17.0p)
-- Net debt GBP1.86bn (last year GBP1.90bn)

[robertfaulkner] 22/5/2012 07:32

CEO Mark Boylan just on Radio 4, he wouldn't talk about his £6mil reward package as he calls it

He said his projection of £13mil increase in sales 18 months ago was wrong because UK not growing. It's always someone else's fault!!!!

[robertfaulkner] 20/4/2012 15:31

That's better + 7p at 363p, will it hold till 16:30?

[weelshgit] 19/4/2012 08:05

Final dividend on the way next

[isis] 17/4/2012 09:49

Well I've still got £200- worth of vouchers and I'm not being picky again but they were not mentioned on the balance sheet. ;-))

[essentialinvestor] 17/4/2012 09:39

Saved partly by lower CAPEX and ref to further cost savings,
however agree with the above.