Marks And Spencer Share Discussion Threads

[boraki] 24/5/2017 08:39

There is a rising tide coming

[stever705] 24/5/2017 08:36

And now up a penny - missed a trick there

[boraki] 24/5/2017 08:34

£4.00 by end of the day, IMHO

[diku] 24/5/2017 08:17

Hope it stays above 380p...for another crack at 400p..

[stever705] 24/5/2017 08:09

Price currently down 6.5p

[diku] 24/5/2017 07:50

Any indicative opening price from SB?...

[boraki] 24/5/2017 07:40

I've got a feeling the shorter's will not be too pleased with these results

:-)

[death by donut] 24/5/2017 07:36

And I even like the joggers er indoors got me from the Barnstaple store recently.Happy days.DbD :-)

[tlobs2] 24/5/2017 07:36

Well I'm hoping for a significant drop in price for an hour or so before finishing blue !!

Regards

Dividend Hunter :-)

[freedom97] 24/5/2017 07:29

Morning All,

Well, profits much better than HSBC (£522 - £550m) & Barclays (£596m) thought they would be. Could see some good buying today. The future looks very good.

Goes XD next Thursday (1st) too ;o)

"We are maintaining a total dividend per share at 18.7p, the same level as last year, taking into account the strong cash generation of the business."

[boraki] 24/5/2017 07:26

Yes it's looking good.

More importantly, the figures are better then what the experts were predicting.

Good luck to all.

What ever the market prices these at this morning, the best reflection will be how the price does over the next 2 weeks.

[opodio] 24/5/2017 07:20

We returned £377.5m to shareholders in the year, which included £74.5m in the form of a special dividend.



final dividend of 11.9p (full year dividend 18.7p, level year-on-year) will be paid on 14 July 2017 to shareholders on the register of members as at close of business on 2 June 2017


Very substantial income

[opodio] 24/5/2017 07:19

We returned £377.5m to shareholders in the year, which included £74.5m in the form of a special dividend.



final dividend of 11.9p (full year dividend 18.7p, level year-on-year) will be paid on 14 July 2017 to shareholders on the register of members as at close of business on 2 June 2017


Very substantial income

[diku] 24/5/2017 07:13

Lots of positive noises to counter act negative looking figures...

[boraki] 24/5/2017 07:09

Not bad Me thinks,,,,,:-)


MARKS AND SPENCER GROUP PLC FULL YEAR RESULTS FOR 52 WEEKS ENDED 1 APRIL 2017

24 May 2017










52 weeks ended

1 Apr 17

53 weeks ended

2 Apr 16

Change on 53 weeks LY %

Change on 52 weeks LY %


Group revenue

£10,622.0m

£10,555.4m

0.6

2.2


Profit before tax & adjusted items1

£613.8m

£689.6m

-11.0

-10.3


Adjusted items1,2

£(437.4)m

£(200.8)m

n/a

n/a


Profit before tax

£176.4m

£488.8m

-63.9

-63.5


Profit after tax

£115.7m

£404.4m

-71.4

-71.1


Adjusted basic earnings per share1

30.4p

35.0p

-13.1

-12.6


Basic earnings per share

7.2p

24.9p

-71.1

-70.7


Free cashflow pre shareholder returns

£585.4m

£539.3m

8.5





Net debt

£1.93bn

£2.14bn

-9.5





Ordinary dividend per share

18.7p

18.7p

Level






1Adjusted results are consistent with how business performance is measured internally. 2Refer to adjusted items table below for further details. See glossary for definitions


The financial year 2016/17 was a 52 week year whereas 2015/16 was a 53 week year. Unless otherwise stated, in order to provide a year on year comparison, variances relating to revenue, profit and earnings per share are on a 52 week comparative to 26 March 2016.

•Adjusted profit before tax down 10.3% due to the expected decrease in Clothing & Home sales and increased costs of new space.
•Significant adjusted items of £437.4m resulted in profit before tax down 63.5% as we establish a base from which to grow.
•Clothing & Home gross margin up 105 basis points with full price sales growth of 2.7%. As expected, revenue down 2.8% due to planned reduction in promotions and clearance sales.
•Food revenue growth of 4.2% driven by new stores. Gross margin down 25bps due to input cost inflation and higher than anticipated waste.
•UK costs up 3.8% due to costs of new space, IT investment and inflation, offset by efficiencies.
•International profit before adjusted items up 15.4% to £64.4m, as a result of the decision to exit owned stores in 10 loss-making markets.
•Strong cash generation reduced net debt by £204m. Full year dividend unchanged at 18.7p.


Steve Rowe, Marks & Spencer CEO said:


“Last year we outlined a comprehensive plan to build strong foundations for the future. We said we would recover and grow clothing and home, continue with our plans for Food growth, remove costs and simplify the business. We achieved a huge amount in the year and whilst there is still much to do, I am pleased with our progress and we remain on track.


“As we have made improvements to our Clothing & Home product and proposition, our customers have noticed; we are starting to stabilise market share and importantly have seen full price market share growth, as we removed excessive discounting. In addition, our new Food stores continue to exceed our expectations.


“As we anticipated, the planned restructuring of M&S has come with a cost and has impacted profits, but the business is still strongly cash generative and we reduced our net debt.


“Looking ahead, we will continue our programme of self-help in a tough trading environment. We remain committed to delivering for our customers and shareholders as we build sustainable foundations for the future.”


Robert Swannell, Marks & Spencer Chairman said:


“This has been a year of accelerated change at M&S, as Steve set out his plan for a simpler business, focused on customers. We believe these actions will make M&S a stronger, sustainable business. We are maintaining a total dividend per share at 18.7p, the same level as last year, taking into account the strong cash generation of the business.”

[diku] 24/5/2017 07:09

Figures good bad or ugly?...

[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!...