Marks And Spencer Share Discussion Threads

[philanderer] 12/7/2017 16:43

Looks like a few closed out in the last five minutes anyway.

[grahamite2] 12/7/2017 16:38

About 15 or 20 years ago Marks dropped below the value of its bricks and mortar, giving no value to the business at all. It recovered in due course.

[qantas] 12/7/2017 16:24

What level will they stop at they shorted RRL down to 00.0037

[philanderer] 12/7/2017 16:18

Oh dear , I should have waited a while ;-)

[qantas] 12/7/2017 16:13

Wow amazing how the shorters have full control of this one.

[freedom97] 12/7/2017 15:32

Good price phil, the divi pays far more than bank/building society interest. I think many savers will move some of their savings into divi paying shares.

[philanderer] 12/7/2017 15:13

Shouldn`t really , but added 800 @ 317.2p :-)

[smartypants] 12/7/2017 14:25

Societe Generale today downgrades its investment rating on Marks & Spencer Group PLC [LON:MKS] to sell (from hold) and cut its price target to 301p (from 376p)

[simon templar qc] 12/7/2017 14:11

Wage rises stuck at 1.8% when one takes account of inflation wages are being eroded, worse still for the public sector they have seen a circa erosion of about 13% the last few years.

DYOR as I do.

One needs to be aware of all factors which affects retail spend!

[freedom97] 12/7/2017 13:45

Yes, I know phil, as I said, bad for UK residents if retailers can't negotiate a better price from their suppliers abroad. Smaller retailers will be forced to increase prices as won't have the power to negotiate better price like M&S. Steve Rowe did mention in an interview last year, they are negotiating with suppliers to allow for the weak £.

Of course manufacturers in UK who import materials etc., will also have to negotiate in order to keep costs down.

[philanderer] 12/7/2017 13:32

free, agree with most of that but the weak £ really hits the import costs.

More than happy to hold for the dividend but I can't see much in the way of capital gain. I see MKS now as a good old plodding income stock.

[freedom97] 12/7/2017 13:26

Just heard on BBC news, now lowest level of unemployment in UK for 40yrs!!

Surely as I mentioned yesterday, with the UK population at its highest ever and now with more in work, should start to filter thru to the retail sector, as more people have money in their pockets. The economy over next 10yrs should do well, providing Brexit doesn't mess it up.

One good thing about brexit is it's caused Sterling to be very weak (bad for UK residents but good for those abroad), this will encourage people from other countries to shop here. More likely will take more holidays here and buy more clothes before returning home. M&S is highly regarded in many countries around the world like Brazil for quality.

[philanderer] 12/7/2017 12:06

12th july Goldmans sell tp 330p cut from 357p

[qantas] 12/7/2017 11:48

So many shorts desperate to make money on this one hope it bites them on the bum...

[grahamite2] 12/7/2017 10:30

I'm disappointed to see this not bouncing on a good day for the market generally.

[qantas] 12/7/2017 10:03

Essential
Have a look at this link

www.amazon.co.uk/Clothing-Marks-Spencer/s?ie=UTF8&field-brandtextbin=Marks%20and%20Spencer&page=1&rh=n%3A83450031

[essentialinvestor] 12/7/2017 09:48

MRW may be the Amazon UK target, if they seek to buy a retailer.

Not sure Amazon would want MKS heavy exposure to clothing,
just imv only.

[simon templar qc] 12/7/2017 09:47

phil,

OK I say say the same the panic overdone. John Lewis and Debenhams not looking good if they hit trouble Marks will benefit.

[qantas] 12/7/2017 09:36

Shorters update



Now at 10.13% or 164,584,930 shares to buy back.

Please do your own research...

[philanderer] 12/7/2017 09:17

Don't panic over M&S, says Peel Hunt


Peel Hunt has trimmed its target price for Marks and Spencer (MKS) after a subdued trading statement from the clothing and food retailer.

Analyst Jonathan Pritchard cut his price target from 500p to 450p, maintaining his 'buy' rating, after M&S reported a 1.2% fall in like-for-like sales in its clothing and home division and a 0.1% fall in like-for-like food sales.

'The first quarter hasn't been a stellar period for the industry or for Marks and Spencer: like-for-like sales in both general merchandise and food are both towards the low end of expectations but we see no reason to panic,' he said.

'However, we must admit that we didn't expect a negative showing on the food side, especially given that external conditions should have been favourable. We are trimming our (very) high end forecasts and easing back our price target a bit, but we still think there is a great deal of value here, not reflected by the 11 times price-earnings ratio.’

[philanderer] 12/7/2017 08:41

Soc Gen downgrading to 'sell' with target 301p cut from 376p


Two others unchanged..

12th july JP Morgan Caz underweight tp 285p
12th july Deutsche hold tp 360p

[philanderer] 11/7/2017 23:32

ST, many thanks for the link, I`m starting to warm to Steve Rowe :-)


'Why axing 27 promotions is sparking an M&S fashion turnaround: Sales of clothes sold at full-price soar by 7%'

Read more:

[simon templar qc] 11/7/2017 20:55

Conference call link...

[philanderer] 11/7/2017 20:33

Quite happy if MKS can carry on plodding along trading 320p - 340p and keep paying out the 5.5% dividend.


updated today:

11th july Investec sell tp 295p
11th july Peel Hunt buy tp 450p
11th july Liberum sell tp 250p
11th july ShoreCap hold -
11th july S&P Global hold tp 365p
11th july Stifel hold -


11th july +++++ trrading update ++++

[eisler] 11/7/2017 19:25

Sub 300 and this will start to look as tasty as their Coriander & Chilli Chicken Flatties!