Marks And Spencer Share Discussion Threads

[avidacre] 01/11/2017 15:50

Share price down, Quality of clothing down, Quality of food down + smaller quantity.
Management - what can I say , they have no answer.

[qantas] 01/11/2017 13:19

Simon not the saint is not sorry she is just desperately seeking Susan.

Picture the scene

Shorters desperately seeking Susan dancing on the dance floor clutching there clutch bags (Not wanting to lose there money).


Please do your own research.

[freedom97] 01/11/2017 13:08

An interest rate rise tomorrow means the £ should strengthen and has already started to over past week due to expectation of a rise = better for MKS as cheaper to buy goods from abroad, which if need be they could lower the prices or have promotions on various products. Imported food would also cost less so can pass the savings onto customers by lowering some products.

Plus as probably many if not most of M&S shoppers have savings and probably many don't have mortgages as tend to attract older & more wealthy customers (although a growing number of younger people are now shopping at M&S these days), any interest rate increase will help their savings and so will feel richer, so have more money to spend at M&S whether instore or online.

Plus remember, a quarter point rise to 0.5% is nothing when you think for about 30yrs the rate was many times higher, did it prevent shoppers going to M&S NO!

So it's important to look at the full picture. Also, more people in work than ever before plus UK population has grown hugely, so more shoppers, however, you have to realise we have internet shopping which is the reason why high st., shopping isn't as high as it could be, as internet shopping is growing, so really balances out. Even Next internet sales are up 13% I think I heard mentioned on R4.

[simon templar qc] 01/11/2017 12:26

Sorry guys but John Lewis should have given you all a clue as to the state of the High St, they have shown a weekly fall in sales for last 5 weeks.

No one been listening to me!

An interest rate rise tomorrow will be the nail in the coffin.

[capeview] 01/11/2017 12:23

@Willoicc, I haven't bought much Next stuff for ages. The last pair of shoes I bought from them fell apart within a few months and I'd hardly worn them. The soles were coming away and the leather was ripping near the sole too.
The only problem is I can't find the receipt so not able to return them.

I've had a pair of Kickers shoes that I wear pretty much every day now, the leather is in great condition, the soles are almost like new with hardly any wear and other than the odd scuff they look almost like I just bought them.

I just won't buy from next again. There quality has gone down the pan and would much rather buy M&S because they at least seem to be reasonable and even without a receipt they do there best to help.

Just to add. I've had the kickers shoes in storage for years and forgot I had them. The Next shoes I only had for a few months and worn for a few weeks of that.

[philanderer] 01/11/2017 12:23

Investec’s Mundy looks to UK domestic shares for value


Alastair Mundy, who runs the £1bn Investec Special Situations fund and the £1.04bn Temple Bar investment trust, is turning to UK domestic shares for value.

Mr Mundy describes himself as a value investor, typically buying the shares most out of favour with the wider market.

He said shares exposed to the UK domestic economy, in the banking and retail sectors, are where some of the better opportunities are right now.

Mr Mundy is particularly keen on the retailers selling DIY products, such as Grafton Group, which is a top 10 holding in his Special Situations fund.

He noted the recent signs of decline in the UK housing market, and said homeowners who might have been looking to move may now choose to extend or renovate their existing property, which benefits companies such as Grafton.

He is also keen on the UK food retailers, Morrisons and Marks & Spencer.

In both cases he said management action in Morrisons and Marks & Spencer was key to improved shareholder returns.

article:

[freedom97] 01/11/2017 12:23

Yes, will be very interesting, if the results are better than the market is pricing in today, could see a massive rise here of well over 10% judging from going down 5.5% so far today.

[philanderer] 01/11/2017 12:14

MKS Half Year results next wednesday - interesting .

[simon templar qc] 01/11/2017 10:00

LONDON -- Shares in High Street fashion chain Next collapsed over 8% on Wednesday morning on the back of a poorly received trading update.
Next reported third-quarter sales up 1.3% with most of that coming from new store openings, suggesting its core business is stagnating. Sales were held up by Next Directory, the chain's catalogue business.
Nick Bubb, an independent retail analyst, said in an email on Wednesday morning: "Some people in the City expected full-price sales to be nearly 4.5% up in Q3, driven by Next Directory, but the outcome was only +1.3%, with Next Retail down a sickening 7.7% and Next Directory up 13.2%."
Next has already put out a profit warning this year and kept its guidance for full-year profits and sales unchanged. But it warned that sales are "extremely volatile and highly dependent on the seasonality of the weather."
Related: Alarm sounds over UK high street as sales crash
Neil Wilson, a senior market analyst at ETX Capital, said: "Sales performance is so volatile the firm has no idea what to expect over the vital Christmas trading period. This is a worry."

[ignoble] 01/11/2017 09:58

Well put ...
Sums it up in a nutshell , imho

Quality issues abound even at Marks
My experience has not been good ... trouser pocket lining coming unravelled after a couple of weeks or so.
Had similar with a pair of shorts

Knitted stuff still appears ok

[willoicc] 01/11/2017 09:39

The trouble with these retailers is that they buy third world quality at third world prices but then they charge 1st world prices in their UK shops. They also miss out on a lot of British fashion creativity.

When are these bods going to realise that the more money they spend abroad means less jobs in the UK and less money to be spent here? Plus poor style and poor quality do not encourage people to buy nice clothes - because they are not nice.

[philanderer] 01/11/2017 08:56

And Pruimark next tuesday ;-)

[freedom97] 01/11/2017 08:51

Hopefully next Wednesdays interims will show MKS doing much better than NXT.

[simon templar qc] 01/11/2017 08:48

High St sales are grim that is why the shorters are heavy in retailers, sooner or later a High St retailer will hit the wall.

[philanderer] 01/11/2017 08:38

It's a miserable weak trading statement alright.

Morning guys.

[gswredland] 01/11/2017 08:32

Next poor results

[freedom97] 01/11/2017 08:27

Morning All,

What caused the share price to open 10p lower and NXT plus other companies also shows big drop at open?

[philanderer] 31/10/2017 13:51

Top supermarkets online: M&S and Aldi lead for apps (but Tesco wins for website)

[philanderer] 31/10/2017 09:54

More brokers like this , seems to do the trick ;-)

31st oct JP Morgan Caz underweight tp 285p

reiterates

[tjbird] 31/10/2017 09:12

nice winter coats

[freedom97] 31/10/2017 08:58

Morning all,

Thanks guys.

Barclays are cheaper per trade however, they charge a fee, so if you had say £100k invested, the fee would be £10 per month.

Will, have a better look at SVS about transferring stocks to them. HL reward you at mo until 15 Nov up to £500 cashback depends on value of shares transferred to them.

Anyway, back to MKS, may todays rise continue. ;o)

[qantas] 31/10/2017 08:35

Shorts updata

Going up now at 10.22% or 166,047,987 Shares

www.shorttracker.co.uk/company/GB0031274896/

Please do your own research.

[qantas] 30/10/2017 21:19

Barclays is cheaper at £6.00

[libertine] 30/10/2017 19:25

Why not use SVS Securities.
Flat Fee £7.95
No monthly or inactivity fees.

[freedom97] 30/10/2017 18:50

Hi Dean, yes when the new ii pricing starts from 11 December when TDD prices changes to ii prices, but you need to do 9 trades per year just to cover the £90 quarterly fees of £22.50 and if I only did say 2 trades in a year and then decided to transfer my portfolio to another broker, they won't refund the remaining £70 if you had say paid 4 quarterly fees. Or if you did no trades in year you would lose £90 and if say you didn't make any trades for 6 quarters then transferred out, you lose £135. Plus even if you don't transfer out, if you don't trade, much, any quarterly payment of £22.50 that takes you over the £90 max in credit allowance towards trades you lose.

Not a problem if you trade more often, however any remaining credit if you were to close the account or move your portfolio would be lost as they don't refund it.