mate - if you wait until the big players start buying you will probably have already missed the boat - the key is to buy BEFORE the big players buy - retailers are going to have a good Christmas imo - more footfall from visitors to the UK taking advantage of the low pound and more UK citizens staying at home for Christmas due to the low pound not being cost effective for a holiday abroad - for me mands is a no brainer and I am in big (and will be in bigger once my dividend has been reinvested back into mands next month) its your decision of course - gl in whatever you decide.
Jancal The golden question; s the share price wholly dependent on the Christmas sales or are there other factors to consider? Just seem to be lost for direction in regards to buyers and sellers... perhaps let's wait and see what the big players do?
looks like the tide is turning for mands - ameriprise/hsbc increased their holding above 5pct - a sign of things to come me thinks - dow up 250 points since our market closed - if this follows through into tomorrow mornings trade there could be some significant programme buying into mands - we shall see
Ive bought and built in to a substantial amount/position of mks the last few months at avge around this current price and i am a experianced senior trader with 20 years experiance at a very large global bank, executing and managing billions of investments. Fortuanatly as a private investor i am allowed outside the chinese walls to communicate my speculation of advice, without any insider knowledge.
With this in mind i honestly believe this is the best price and opportunity you will ever have to own mks shares.
There balance sheet vs current price is a raging buy There underlying earning pe ratio is raging buy There yield is a raging buy. I believe there strategy, history, brand and quality of goods is a raging buy. I also believe the management team is a buy too, especially at current share price, even though since steve rowe took over shares have fallen 40 per cent (this is not down to him though)
My personal price target for a 2 year horizon is 5.50p
However if i owned a decent amount of this stock, to maximise my returns i would trade between 10/20 per cent of my holdings between 320/350 (pick your own levels to trade and repeat) to help avge in at a decent level, as the global uncertainties of the overall mkt add up to decent volatility to trade.
But good luck all. But this share im pretty convinced will be a good medium term winner, with limited downside should the british consumer have a really really tough time over the coming year.
Doubt the market knows the result of black friday activity compared to last year. From what I know, M&S didn't join in this year, so would expect around 10-15% drop in sales for the week compared LFL to last year. However, does make it a more profitable period. (Not that profits are king this year for them) Current trading quarter is still up on the year though even with the miss from black Friday. This share tends to be hit more by general FTSE sentiment, so when market is down then so is M&S, think though has been hit harder than most. Interesting though that the directors all dumped shares from employee scheme so they could max out on this years one.But that was really a no brainer when the option price was 260
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