Marks And Spencer Share Discussion Threads

[death by donut] 25/5/2016 17:26

Better performing pants would be a start!!DbD :-)

[bookbroker] 25/5/2016 16:53

Problem is the co. appears rudderless, food division may be doing ok, but the larger apparel side is basically screwed, they need to franchise the clothing areas within the store like John Lewis and reduce their own brand offering, it is still a middle market operation with some good lines, but too many duffers, the co. has become too unwieldy for its own good, time to start closing the underperforming stores within the chain and free up capital to invest in the better performing parts!

[essentialinvestor] 25/5/2016 16:39

Almost 12 months ago to the day MKS hit £6.00 a share,
what a difference a year makes.

[essentialinvestor] 25/5/2016 16:23

I added some KGF on the mid afternoon dip, still not bought here.

The main fund manager at MRCH referred to MKS recently as .. exceptional
value, not sure what the share price was when he made that comment!.

[cwa1] 25/5/2016 16:17

Afternoon. Just taken a few at £4 as a bit of a medium term punt. The madness of holding too much cash finally got to me ;-)

[essentialinvestor] 25/5/2016 14:20

cape, agree however dividend cover is falling, it depends if they can
turnaround non food and at what margin.

To announce a special dividend in this context is la la land stuff imv,
a little like the previous buy back at significantly higher share price levels.

It does not give me much confidence in the CEO, all just IMV only.

[capeview] 25/5/2016 13:24

Still paying a healthy Dividend though. So at least that is something compared to some other companies that really should be paying a dividend but choose to give Higher Ups big bonuses instead.

[essentialinvestor] 25/5/2016 13:05

Thanks Phil, dull and overcast here in not so sunny Surrey.

[philanderer] 25/5/2016 13:04

Afternoon EI , from what I can make out the new fella's done nothing. A couple of bits of tinkering here and there and the promise of a few price cuts. Same old story.

A completely out of touch company propped up by a great food division.

4.5% yield should keep it around 375p - 400p

Time for a menu del dia here in Nerja. 😎

[essentialinvestor] 25/5/2016 12:47

phil, any view on today?.. grim, very grim, or no hope .. TIA

[philanderer] 25/5/2016 12:32

Canaccord. Buy....tp. 475p. Unch

Peel Hunt . Buy. ... tp 500p. Up from 450p

Cantors . Sell .....tp 400p. Unch

Credit Suisse ...Underperform Unch

Liberum ... Sell. Unch

[essentialinvestor] 25/5/2016 10:30

They will need to aggressively take costs out to fund the clothing
lower prices if current profitability is in any way going to be maintained imv.

[diku] 25/5/2016 10:27

Grossly over priced clothing...

[chutes01] 25/5/2016 10:00

Good point /

[essentialinvestor] 25/5/2016 09:35

It sounds like they are going to review their entire store portfolio.

One just very minor observation that may point towards
laxness on costs- if you get a seasonal job working at MKS,
you are given a 20% discount card on your first day - working for John Lewis
that takes 2 years to qualify for, not even sure if the max even goes up
to 20% at JL.

Now for MKS permanent staff well fair enough, its a job perk, but for
seasonal temporary staff that is just ridiculous imv.

If that is the way the rest of their costs are managed no wonder things could be better.

[3rd eye] 25/5/2016 08:59

Another CR profit warning.

Well said harebridge.

Careful just heard on SKY, BHS have until friday or its curtains.

[doodlebug4] 25/5/2016 08:59

Hardly RIP harebridge, the company just needs to concentrate on what sells well and cut out the dead wood. My nearest MKS is at Hedge End and the floor space taken up by women's clothing is far too big compared to the rest of the store, they could cut that by half and make the food hall larger.

[careful] 25/5/2016 08:44

too many retailers.
there must be a limit to how many can survive.
even BHS will survive as a cheap outlet it seems.

Primark and the net have killed off B&M retailers.

[philanderer] 23/5/2016 08:29

Berenberg sell .... Target 380p. Retains

[philanderer] 19/5/2016 16:34

Marks & Spencer clocks up record Australian online sales

Read more:
k

[philanderer] 19/5/2016 10:25

19th may HSBC buy tp 680p

reiterates

[philanderer] 18/5/2016 17:23

Good end to the day , results next week.