Marks And Spencer Share Discussion Threads

[smokybenchod] 10/7/2016 21:08

@value king if you think you bought in to early why not short it then or sell?

[value king] 10/7/2016 19:42

I think I bought in too early now. I'll average down at £2 if it gets there.

[ignoble] 10/7/2016 18:00

All Retailers blame something ...Early Easter , Hot weather , cold weather ,Brexit or whatever.
Has it ever crossed their minds that their buyers and designers are stocking the shelves with products that we don't want like or want to buy.
Management always blame something or somebody else ... I sometimes think that the problem is of their own making.
Stock the shelves with products we want to buy not what they think we may want to buy.

Don't overstock ,if there is a lot of the same product on display,it looks like no one else wants it so why would we.
All imho

[tlobs2] 10/7/2016 17:57

smokybenchod ...........

Sadly they are all working together to shaft the system and normal investors.

The sooner Mrs Leadsom bans what she knows goes on in the City the better. And if she doesn't she will be out of a job PDQ :-)

[diku] 09/7/2016 22:02

Its all about mind games...

[smokybenchod] 09/7/2016 07:48

@chairman thanks for the explanation. Makes sense really as a couple of other stocks I hold (in housing and banking) cratered on Brexit but bounced yesterday. What's changed in a couple of weeks since Brexit? Nothing (apart from weak pound and slightly lower growth outlook - nothing to justify +50% markdowns in some cases). Apart from stock price in these sectors taking a severe beating with the brokers running round shouting sell causing PI's to panic sell (I topped up). When they bottomed out mid week, I noticed some large RNS buys with their buddies in other investment banks filling their boots. Now UBS have come out to say housing is oversold, hence the bounce and their buddies are quids in. You couldn't make this stuff up. I think I now hate bankers more than MP's!

[chairman20] 08/7/2016 19:25

This will not be the first major where
the analysts are all bearish (shocking
conference call etc etc) and the instis
are mostly buying quietly hovering up
loose shares.

Don't be fooled do what I do not what I
say

[philanderer] 08/7/2016 15:52

Wish I'd bought more than I did @ 289p yesterday morning ..... always the way. :-)

Didn't see this quick bounce coming though.

That Credit Suisse upgrade from neutral to underperform seems a bit @rse about face though !

Edit: I screwed up ..it's underperform to neutral........target price 320p

[smokybenchod] 08/7/2016 14:54

@grahamite2 understood. Although if that's the case then, why wait for the results to come out which where worse that you told everyone they would be, and then mark the price up? Still puzzled about the timing of the rise (not complaining - I am a holder!)

[smartypants] 08/7/2016 12:08

Marks & Spencer Group advanced 4.5 percent on a rating upgrade at Credit Suisse.

[tjbird] 08/7/2016 11:40

350p on the chart

[miikke] 08/7/2016 11:30

Management still blaming Brexit for the ills of M and S- even blaming referendum day for people not buying in store- this seems like clutching at straws- need to move forward possibly or let someone else take the challenge- any thoughts?

[grahamite2] 08/7/2016 09:40

smokybenchod, the major investors that ultimately set prices - pension funds and so on - are in constant touch with senior management. Results do not come as a surprise to them as they do to us.

careful is right - MKS has been sold down too far. And that item about sovereign funds is well worth mulling over.

[freedom97] 08/7/2016 09:36

From the Final results:

"Overall, we expect the combination of difficult trading conditions, both in the UK and in our International markets, as well as our decision to invest in price and reduce our promotional activity, to have an adverse impact on profit in the short term. However, we're confident our actions will provide us with a more solid base from which to build long term sustainable growth."

Imo, that was why they gave the special dividend, to keep shareholders happy as they restore the Clothing & Home business to profitable growth because making the changes would mean a temporary fall in sales and profits.

Remember, the shares where around 440p just before the Final results, so the fall imo is way overdone.



PS. Steve Rowe (CEO) said,

"We are clear on the actions needed to recover and grow Clothing & Home, which is our top priority; to continue to grow our Food business; and to focus on driving profitability. We are investing to re-establish our price position by sharpening prices and to enhance service by putting more employees into our stores.

"These actions, combined with the difficult trading conditions, will have an adverse effect on profit in the short term. We are, however, confident that our commitment to delivering the right product, price and service will help return Clothing & Home sales to growth. This, together with continued momentum in Food, will provide us with a solid base from which to build a long term sustainable business."

[careful] 08/7/2016 09:32

MKS were 554p less than 12months ago.
The fall was overdone.
Good to see a partial recovery.
A worthwhile buy at these levels.

[ignoble] 08/7/2016 09:04

Sums it all up !
Makes Lottery Tickets look attractive sometimes ...the odds on winning are probably not too far apart.
LOL

[smokybenchod] 08/7/2016 08:50

Markets nowadays are ridiculous - MKS release poorer results that analyst forecasts and the shares go up. Couple of my other holdings smashed the forecasts completely and they tank! Don't know why I bother sometimes!

[dlku] 08/7/2016 08:17

yeah but they do this stuff and a few years later make a mint


up up up

[84stewart] 08/7/2016 07:55

Diku
How much do u think QWF would pay for MKS £ 4. -£4.5 p/s they are heavily invested in horse racing and oil funds are drying up I doubt it can afford such an investment at this time,but someone else stateside may.

[dlku] 08/7/2016 06:53

wont be surprised if the quataris pop up with a 30pc stake and bid

[philanderer] 08/7/2016 06:52

David Buik ‏@truemagic68 38 minutes ago

The bell is really starting to toll for M&S fashions. That trading update on clothes sales of -8.9% was a shocker! M&S fashions are dowdy!

IG open calls..

$FTSE 6520 down 14
$DAX 9384 down 35
$CAC 4103 down 14
$IBEX 7980 down 29
$MIB 15352 down 84

[dlku] 08/7/2016 06:44

Global sovereign wealth funds are waiting to pounce on bargains instead of paring stakes in the U.K. following the Brexit vote, a senior industry expert said Friday.

"Sovereign wealth funds are patient capital. They have a long term investment horizon," Michael Maduell, president of the Sovereign Wealth Fund Institute, told CNBC's "Squawk Box" on Friday.

"When everyone is freaking out about the pound sterling going to a 31-year low, wealth funds can come in and tactically purchase assets and tactically place bids on companies."

[diku] 07/7/2016 18:53

When they said they are going pay a special divi..that was the clue to get out...at the time shares were trading around 400p....special divi has its own agenda!!...