Marks And Spencer Share Discussion Threads

[mornington crescent] 15/1/2017 18:18

what an apalling share M&S has been
so bad that I am tempted to buy in

share price is lower than it was 22 years ago
FT relative is very weak and falling

and the car parks at its larger stores still only half full

cant help feeling it has further to fall
as there is no sign of a rescue in sight

even as a short term trade it has been pathetic

but it has so much potential in the right hands

looks like the xmas rally has failed and now its ex div so
further falls could be on the cards

and broker consensus is to sell

patience MC

[qantas] 14/1/2017 12:47

In the M&S bag.

Investors Chronicle TIP UPDATES:

Let’s start big. Marks and Spencer (MKS) has done what many believed it couldn’t. Over the third quarter clothing and home sales reported a staggering 3.1 per cent growth rate, equating to 2.3 per cent in like-for-like terms. After months - even years - of decline on this front, the market showed its approval by sending the shares up 5 per cent in early trading. Chief executive Steve Rowe said the improved performance was down to “better ranges, better availability and better prices”, and a significant curtailing of discounts around the Black Friday period. There’s likely to more to follow on this, but for now we remain buyers.

[philanderer] 13/1/2017 21:00

13th jan RBC outperform tp 375p

retains

[philanderer] 13/1/2017 15:53

335p/340p seems about right - gives you a 5.5% yield on an unchanged dividend.

[bigboots] 13/1/2017 15:25

Think we go back to £3.33

[philanderer] 13/1/2017 13:01

free,got mine too paid into the Selftrade account this morning. Don`t think I`ve ever tried to pull it out on the same day.

[freedom97] 13/1/2017 12:20

Just checked my TDD a/c the divi has been paid in today, but as I thought they won't let you transfer out until Monday, then it takes a day for my bank to receive, so as posted yesterday Tuesday is when the Divi will be in my pocket. ;o)

P.S. I wonder if other brokers are the same, that is you can't withdraw the day they receive it, plus it then takes a day for them to send to your bank.

[essentialinvestor] 13/1/2017 11:59

Picked up another few Christmas reductions yesterday, very few left now.

Had to laugh when I saw 8 carmalised chestnuts for either £16 or £18,
some people have too much money at my local MKS!.

[tlobs2] 13/1/2017 11:53

I take it that you have lost out on your last trade in & out diku ;-)

Whereas those in it for the dividends .....

[diku] 13/1/2017 11:06

Think NXT negativity has to some extent spilled over here hence the lack lustre share price performance...major clothing retailers thingy...

[diku] 13/1/2017 10:57

Why wait for divis when you can just trade in & out...since July 2016 it has traded between 320p & 355p...no need to screen watch...make more than the divi...

[philanderer] 13/1/2017 10:51

Happy to hold and get the good dividend here if the share price remains in the 330p / 340p range.


updated:

13th jan Numis reduce tp 255p
13th jan Deutsche hold -
12th jan Liberum sell tp 250p
12th jan Peel Hunt buy tp 500p
12th jan Haitong buy tp 375p
12th jan ShoreCap hold
12th jan Cantor sell tp 300p
12th jan Bernstein underperform tp 285p
12th jan Investec sell tp 290p


12th jan ++++ trading update ++++

[diku] 13/1/2017 09:16

Below from the above post...CEO mentioned "better prices"...that is what the mass shoppers are looking for...pricing is key...


Chief executive Steve Rowe said the improved performance was down to “better ranges, better availability and better prices”,

[qantas] 13/1/2017 07:52

That 10% Gift Card still in operation...

Good News

Latest broker views
Date Broker New target Recomm.
13 Jan Deutsche Bank N/A Hold
13 Jan Peel Hunt 500.00 Buy

[tjbird] 13/1/2017 07:51

IC- BUY

Let’s start big. Marks and Spencer (MKS) has done what many believed it couldn’t. Over the third quarter clothing and home sales reported a staggering 3.1 per cent growth rate, equating to 2.3 per cent in like-for-like terms. After months - even years - of decline on this front, the market showed its approval by sending the shares up 5 per cent in early trading. Chief executive Steve Rowe said the improved performance was down to “better ranges, better availability and better prices”, and a significant curtailing of discounts around the Black Friday period. There’s likely to more to follow on this, but for now we remain buyers.

Elsewhere growth rates for homewares specialist Dunelm (DNLM) have been slightly hampered by an accounting change. Total revenue for the second quarter rose by 6.6 per cent to £261.9m., while like-for-like growth increased by 0.2 per cent. But the figures only include six days of the Winter Sale, compared to eight days in the comparative period last year. Adjusting for this, underlying growth would have been approximately £4m higher (equivalent to 1.7 per cent in the quarter and 0.9 per cent over the half year). We remain buyers.

Finally for the high street, fashion chain SuperGroup (SGP) has released interim results which show a 21 per cent increase in retail revenues year-on-year. That equates to like-for-like growth of 15 per cent, with jackets - specifically the Fuji padded range, rookies and bombers - being the best performing category. There was a strong performance over in wholesale too, helping to keep profit expectations for the full-year on track. Buy.

[tjbird] 13/1/2017 07:44

QANTAS12 Jan '17 - 16:42 - 5329 of 5335 0 0
MKS Shareholder vouchers arrived today.



Why dont i get these?

I was told it was replaced with a scheme where they load a card with a dividend plus 10pc now

[qantas] 13/1/2017 01:43

How did the shorters get it so wrong and caused capitulation.

[diku] 12/1/2017 18:44

NXT market cap has sure come down to earth & much closer to MKS...from around 10bln to 5.9bln...MKS is now 5.6bln...

[philanderer] 12/1/2017 18:00

tattooed , yes it`s the 6.8p and it`s paid tomorrow :-)

[qantas] 12/1/2017 17:35

13Jan 2017

NEXT EVENT

13 January 2017

Interim ordinary dividend payment date (6.8p)

hxxps://corporate.marksandspencer.com/investors/financial-calendar

[freedom97] 12/1/2017 17:14

Yes, I got my vouchers today.

tattooed93, can't remember, how much per share, but as Phil says, will be paid tomorrow, however, I remember, with my broker (TDD) last time it was about two work days later before I could withdraw from my account, that's why I had Tuesday listed in my diary. Your broker might be different and allow immediate withdrawal. I will check tomorrow to see if it appears on my a/c.

[qantas] 12/1/2017 16:42

MKS Shareholder vouchers arrived today.

[tattooed93] 12/1/2017 16:37

is it the 6.8p dividend on Tuesday