Marks And Spencer Share Discussion Threads

[boraki] 24/5/2017 06:51

Good morning all M and S'ers

Good luck today

.

[philanderer] 23/5/2017 17:19

On the downside, retailer Marks & Spencer was weaker ahead of its final results on Wednesday. Barclays expects underlying FY16/17 profit before tax of £596m and a full-year dividend of 18.7p.

"Although there will obviously be a good deal of attention on last year's financial results, the more important focus will arguably be on any forward-looking commentary - both with respect to the company's own plans and the state of the wider market," it said.

[qantas] 23/5/2017 16:23

tlobs2 Agreed....

[tlobs2] 23/5/2017 16:14

Qantas, for long term holders that number of shorters is one hell of an insurance policy :-)

It'll be nice to see them crawling over each other to try and close their respective positions .....

[boraki] 23/5/2017 13:46

See what the share does from 2.00 pm to 4.30 pm.

This might reflect how tomorrow is going to go.

:-)

[qantas] 23/5/2017 10:23

Risk and reward.

hxxp://shorttracker.co.uk/company/GB0031274896/all

Shorts now at 8.09% or 131,440,482 shares to buy back

Please do your own research....

[philanderer] 23/5/2017 10:15

Jefferies note yesterday...


M&S gaining consumers kudos, says Jefferies
A consumer survey by Jefferies shows that Marks & Spencer (MKS) is making gains but analysts say this could be due to a general pick-up on the high street.

Analyst Caroline Gulliver retained her ‘buy’ recommendation and increased the target price from 370p to 420p ahead of full-year results. The stock added 8p on Monday to close 2.1% higher at nearly 393p.

‘[The survey] shows M&S consolidating the gains we saw in February. Specifically two-thirds of M&S’ customers now rate M&S’ website and delivery as either “very good” or “excellent”, up significantly from 2014/15,’ she said.

‘This bodes well for M&S. One potential problem may be that several other retailers saw significant improvements in this set of results compared to February, notably Debenhams, Next and Boohoo. In this regard we wait until our July survey results before jumping to any conclusions.’

Gulliver forecasted full-year 2017 profit before tax of £594 million and expects the high street giant to say ‘they are cautious about the UK macro-economic outlook but optimistic for their improved ranges and strategy’.

[albanyvillas] 23/5/2017 08:03

Huge final dividend soon

[diku] 23/5/2017 08:02

400p kiss!...

[freedom97] 23/5/2017 07:44

Reminder:

"Food porn king Marks & Spencer has seen off the discounters to be crowned Supermarket of the Year by consumer watchdog Which?"

[freedom97] 23/5/2017 07:27

"Some food dishes were described to be like a heated dogs dinner."

avidacre, where did you read this rubbish? can you post a link please.

[libertine] 22/5/2017 18:00

avidacre


Who are these people who buy Marks & Spencer meals for part of the week and then dog food for the rest?

[philanderer] 22/5/2017 17:25

Top day for MKS and the portfolio :-)

[avidacre] 22/5/2017 16:59

Hope the results are better than the quality of his clothing.
Quality of food also going downhill. Some food dishes were described to be
like a heated dogs dinner.

[hiddendepths] 22/5/2017 16:37

2.5 million closing auction trade. Wow!

[philanderer] 22/5/2017 12:23

Afternoon NYB, any views on MARS after that placing last week to fund a purchase ? Good yield at 5%+ but the debt is a worry. Got the asset backing though.

[ny boy] 22/5/2017 11:55

All good, steady as she grows. I also bought a load of DEB @ 50p a few weeks ago, another under the radar one with 6.5% divi..loving it!

[tlobs2] 22/5/2017 11:54

Qantas, that is a lot of significant short positions that will need to start unwinding in the near future :-)

[freedom97] 22/5/2017 11:51

Majedie Asset Management Limited, has increased holdings from 80,276,929 to 81,569,767 now above 5% at 5.02%.

[qantas] 22/5/2017 11:39

Risk

Results Wed 24th May 2017

Shorts now at 7.98%

hxxp://shorttracker.co.uk/company/GB0031274896/all

Shares to buy back 129,653,282

Please do your own research.

[philanderer] 22/5/2017 11:14

".........Following on from the 'Buy British' theme of the research report, Barclays added WH Smith, M&S and Lloyds to its European recommended portfolio "

[opodio] 22/5/2017 09:31

the archie fan club is starting to pile in

[philanderer] 22/5/2017 09:09

22nd may Jefferies buy tp 420p up from 370p

[philanderer] 21/5/2017 21:03

'M&S sees its slice of womenswear slip and is set for a fresh dip in profit'


........However, Deutsche Bank analyst Charlie Muir-Sands said the number of womenswear products sold at full price rather than a discount had increased in recent weeks.

Making more sales at full prices has been cited by chief executive Steve Rowe as one of the keys to the company’s recovery.

[philanderer] 19/5/2017 23:55

Next wednesday's results preview :


Once again the focus when Marks & Spencer Group PLC (LON:MKS) reports its full year results on Wednesday will be on the flagging women's clothing business.

The retailer has been shaking up its management team and overhauling the business in an effort to turn it around but so far with little apparent success.

In its third quarter to 31 December, the company claimed its turnaround had started to bear fruit with its first quarterly rise in underlying clothing and homewares sales in nearly two years.

The high street stores group said its clothing & home like-for-like sales rose by 2.3% while food sales rose 0.6%.

However, M&S chief executive Steve Rowe warned that M&S’s fourth quarter numbers would be adversely affected by a later Easter.

Rowe, who took over the reins from Marc Bolland in January 2016, promised last year to make fixing the struggling clothing arm his “number one priority”. His plan involved improving the quality of product ranges and lowering prices.

HSBC said these initiatives come at a “significant cost” of between £500mln to £550mln but were “necessaryR21; to resuscitate the clothing division.

“The value of these investments will be enhanced by new management appointments… ,” it said.

On 3 May, the retailer poached Jill McDonald, the boss of bicycle and car parts retailer Halfords, to lead the clothing business.

Later that same week M&S announced it had taken on former Asda chief executive, Archie Norman, as its new chairman.

Norman helped to turnaround Asda in the 1990s and has also served as chairman of ITV, Lazards and Hobbycraft and gives M&S what look seems to be a powerful team up top.

HSBC expects like-for-like sales in the clothing arm to turn negative in the fourth quarter, but sees potential for a return to growth from fiscal year 2018 on the back of positive momentum.

The bank estimates 2017 earnings per share (EPS) of 29.15p, down from 34.91p the previous year. In 2018 it predicts EPS of 30.76p.

Barclays expects underlying pre-tax profit to fall to £596mln from £684.1mln the prior year and an unchanged dividend of 18.7p, saying the focus will be on any forward-looking statement on the group’s plans and the state of the wider market as rising inflation shrinks disposal incomes and impacts clothing retailers.

“We would especially be looking for an update on the following: gross margin outlook, sales outlook, UK space reorganisation/international exits and interest/tax assumptions for 2017/18."


proactiveinvestors.co.uk