Marks And Spencer Share Discussion Threads

[philanderer] 08/11/2018 11:09

Good to see buyers coming in this morning 👍

[careful] 08/11/2018 10:13

All this talk of sorting out and downbeat prospects are in part a message to the current staff of M&S.

The overheads are bloated and need to be cut a complete change of culture.
the glory days are over and drastic surgery is required.

Holding thinking that Norman and Rowe are the men to do it.

[philanderer] 08/11/2018 10:01

8th nov HSBC hold tp 285p cut from 300p
8th nov Goldmans sell tp 265p cut from 270p

[loganair] 08/11/2018 09:43

As far as I see M&S stores do not really need refreshing...

When I was young my local M&S downstairs was women and upstairs mens and childrens wear.

Then came the Food Hall, 2/3rds downstairs foodhall & 1/3rd womens wear while upstairs 1/2 womens while the other half mens and childrens.

Then came the cafe upstairs, leaving the upstairs 1/2 womens wear, 20% cafe, 25% mens & only 5% childrens.

[philanderer] 08/11/2018 09:42

285p - 300p looking about right for the next few years while a 6% dividend is paid out, and these clever people either sort out the problems or sell it off.

Happy to hold on that basis.

And ffs move out of one of those two head offices in paddington basin ;-)

[diku] 08/11/2018 09:33

If the stores need refreshing then Mks should have trimmed the divi and used those proceeds to upgrade...whoever gets the contract will no doubt milk them!!...and the previous CEO laughing all the way to his bank...it is never their fault...always somebody else's...and some these stores are so huge it will cause lots of disruption when upgrading...

[loganair] 08/11/2018 09:29

In my expereince the way M&S operate on-line is far surperior then that of Next.

[diku] 08/11/2018 09:27

Look back of that big sofa at head office!!...



What I find amazing about M&S highlighting tired stores, weak supply chain and the need to catch up on digital is that over the last 10 years they have spent a vast amount of capex. Where did it all go?"

[qantas] 08/11/2018 08:28

MKS AI



Please do your own research

[philanderer] 08/11/2018 00:31

:-S

Nick Bubb liked

Ian Shepherd @IanAShepherd

17 hours ago

"What I find amazing about M&S highlighting tired stores, weak supply chain and the need to catch up on digital is that over the last 10 years they have spent a vast amount of capex. Where did it all go?"

[philanderer] 08/11/2018 00:11

ALEX BRUMMER: When M&S bosses describe the firm as a 'failing enterprise', they do everyone involved a huge disservice

[loganair] 07/11/2018 22:22

On top of the 5 years of restructuring that M&S have already done.

M&S have a real issue with their older core market as since the mid 1990's sadly they have tried to cator for the younger Fashion market, instead of their timeless good style that M&S use to be so well known for.

[diku] 07/11/2018 21:28

Heard in the news CEO saying it is going to be a 3 - 5 year restructuring change...

[qantas] 07/11/2018 17:55

Divi held

Shorts have to buy back 11.80%



Please do your own research.

[poikka] 07/11/2018 15:31

Yes, they have an issue there with the young, but then the young aren't forever young. The young are so brand aware, then the reality of having to budget hits home, lol.

I've bought some really good gear there, actually - sharp suits and shirts that fit. The labelling for shirts is clear - tailored/regular/slim/long sleeve. Underwear is better these days, too. I once took some underwear back that had ballooned within a few months - like about 20% bigger - and was falling off. Good now though. I do think that their jeans could do with sharpening-up.

[ignoble] 07/11/2018 14:59

My 19 year old has bought a few bits from Marks
Sweaters and the like
Admittedly that he is just one out of 3 million or so

[philanderer] 07/11/2018 14:27

The big stat for me was food sales -2.9%


"Marks & Spencer May Close More Stores Than Planned, CEO Says"






"CEO Steve Rowe blames ageing customer base, weak supply chain and tired-looking stores

[poikka] 07/11/2018 14:13

Not a bad report, and nice to see Home and Clothing only slipping 1.1% LfL - a better result than Primark. They're doing the right things and not before time.

[philanderer] 07/11/2018 14:10

Geoff Ruddell at Morgan Stanley .


Although disappointing, we think downgrades on this scale pose minimal risk to
the dividend (which has been maintained in FYH1), and it remains very well
supported by cash flows (the group generated free cash flow of £241m in FYH1
vs £105m in the prior year and is on course, on our analysis, to pay down more
than £200m of debt this year as well as fund its dividend).

- Overall we think this statement paints a picture of a group undergoing radical,
and very rapid, change but where this change is yet to feed through into
improved trading performance. However, with the shares yielding a (very secure)
6.3%, we think shareholders are being well remunerated for their patience.

[philanderer] 07/11/2018 13:43

M&S says it requires 'significant further change' as sales fall

[debsdowner] 07/11/2018 13:09

Marks margins over 5% and rising>

"this business still appears to have a number of qualities that place it ahead of some big high street rivals. An underlying operating profit margin of 5.3% isn’t bad at this stage. Although lower than in some previous years, I’d expect this figure to rise if M&S can develop its online business."

Debenhams ,margins forecast only 1.1%

Recovery imo and as I said earlier punished this morning unduly. The THF article agrees:

[freedom97] 07/11/2018 11:55

Don't forget, goes 'XD' Thursday next week. ;o)

[blueteam] 07/11/2018 11:40

view from market trader - mopping up the small sells and later will see the big buy traders in. Will end above £3 is the call. We will see.

[careful] 07/11/2018 11:36

Looking at ABF results.
Primark in particular.

from a revenue of £7.5bn they generated £840m operating profit.


Archie Norman and Rowe know what they must do.
their '£350m at least' cost saving target is a start.
They must match slicker rivals.