Marks And Spencer Share Discussion Threads

[freedom97] 19/1/2017 08:48

Well, if the Pound continues to gain strength as it has since Theresa Mays speech the other day, then any overseas company thinking of making an offer for MKS, will need to act soon, otherwise the higher the Pound goes the more they will have to pay.

[qantas] 18/1/2017 23:27

These shorters always have rubbish names💰

[diku] 18/1/2017 22:39

Dreams do come true sometimes!...

[qantas] 18/1/2017 22:38

Mr John Thomas in your dreams....

[mrthomas] 18/1/2017 21:26

if the dividend can hold then could be worth a buy at what price was thinking of around 300p and it getting to nearly a five year low

[diku] 18/1/2017 13:23

Mks just struggles to stay above 350p...one day!...

[philanderer] 18/1/2017 13:06

Marks & Spencer - 'It works' says one broker as it repeats its 'buy' on the retailer


“Valuation and recommendation-wise we feel that the task of turning M&S into a business that can maybe double its profits before tax has clearly not been demonstrated yet and a new management team is wise not to over-commit,” said Haitong in a note to clients.

“It works,” exclaims the headline from a research note from Haitong Research (Hai who? Me neither) on Marks & Spencer lauding the initial success of new boss Steve Rowe.

The circular, penned by veteran analyst Tony Shiret and his team, restates Haitong’s ‘buy’ case and 375p a share price target.

“Valuation and recommendation-wise we feel that the task of turning M&S into a business that can maybe double its profits before tax has clearly not been demonstrated yet and a new management team is wise not to over-commit,” said Haitong in a note to clients.

“We felt that 2017 would be a time when we took a more neutral stance in the face of more difficult clothing market conditions.”

Re-looking at their numbers in the wake of the recent trading update, Shiret and his team have downgraded profit forecasts by 1%, 3% and 2% for the next three years.

They expect pre-tax profit to fall to £602mln in the year to March 31 from £684mln, then to £592mln and £582mln.

proactiveinvestors.co.uk

[diku] 17/1/2017 15:10

One small step for mankind to 350p...

[philanderer] 17/1/2017 15:10

Yep, that`s working today , plus a short on the FTSE100 ;-)

[diku] 17/1/2017 13:12

Out of the ridiculously inflated Miners/Oily dollar earners.. & into Banks, Retailers...

[philanderer] 17/1/2017 12:58

£ on the up after that speech . Cheaper import costs.

[diku] 17/1/2017 12:05

350p today?...

[philanderer] 17/1/2017 11:23

Yep, that makes sense :-)

[freedom97] 17/1/2017 07:24

Morning phil, They must have already bought in so holding and want pi's to buy. ;o)

[philanderer] 17/1/2017 00:33

Hi free . How does that work with last week's Peel Hunt's 'buy' tp 500p ? ;-D

[freedom97] 16/1/2017 17:02

Oh they did phil, when they say reduce/sell, they are hoping pi's will sell so they can load up. Pi's are very clever now, so they buy. ;o)

[philanderer] 16/1/2017 16:46

Seems nobody took any notice of this one today :-)

13th jan Numis reduce tp 295p

[philanderer] 16/1/2017 10:25

M&S and Swedish supermarkets replace sticky labels with laser marking

[xyllyx] 15/1/2017 20:11

"and now its (sic) ex div so further falls"
It went ex div about 2 months ago, morningstar crescent. Perhaps best to check your facts before you post.

[qantas] 15/1/2017 18:54

Mornington crescent how appropriate you haven't got a clue.
Just think about the numbers of passengers M@S is serving every day on the worlds favorite airline the branding exposure is huge coca cola used to give products free just to be on board.
M@S Bank 1382 stores globally 10.6 bln revenue
61 million pairs of bras and knickers every year.
And it all started with a penny bazar in 1884.

[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.