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Marks & Spencer Share Chat (MKS)



Share Price: 298.80Bid: 299.30Ask: 299.50Change: 0.00 (0.00%)No Movement on Marks & Sp.
Spread: 0.20Spread as %: 0.07%Open: 294.20High: 300.00Low: 293.50Yesterday’s Close: 298.80


Share Discussion for Marks & Spencer


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Carrington
Posts: 367
Off Topic
Opinion:No Opinion
Price:291.50
RE: it was all going swimmingly
Wed 13:43
sorry wrong board
 
Carrington
Posts: 367
Off Topic
Opinion:Buy
Price:291.30
it was all going swimmingly
Wed 13:42
until the cpi figures just hit in the us - dow futures now minus 300 and counting and ftse going south rapidly - bt following ffs

dyor etc
beatrootjuice
Posts: 3,126
Off Topic
Opinion:No Opinion
Price:286.10
2nd best
Mon 17:59
M and S voted 2bd best British supermarket today, missing out to Aldi but coming in ahead of Lidl in 3rd and the big three. Gotta show confidence going forward ,having the public vote. GL all. Hang in there, I remember when morrisons went down to £1.50. Everything will be fine in time, m&s isn't going anywhere and will be back up towards £4 again. No worries.
2reincarnated
Posts: 3,270
Off Topic
Opinion:No Opinion
Price:285.10
giantsquid
Mon 15:59
thanks for the info, Can we really predict the future based on the past? It has hit £1.42 in the past, but in those days there was zero competition from the internet, today things are different.
MaoWombat
Posts: 2,705
Observation
Opinion:No Opinion
Price:285.40
RE: Mks
Mon 13:27
Squid,

Nice to have the history lesson, but I don't think the historic trends are at all relevant. We are in a completely different market now with Amazon and other online sellers nibbling away at conventional stores market share,
Food is also a problem with Aldi, Lidl and the new Tesco set up giving greater competition. There is still a market for the luxury side of M&S though and hopefully M&S can still exploit this be it with fewer stores.
giantsquid
Posts: 738
Off Topic
Opinion:No Opinion
Price:289.70
Mks
10 Feb '18
December 9th 1988 share price bottomed @ £1.42

October 20th 2000 share price bottomed @ £1.70 (+ 28p from £1.42)

November 21st 2008 share price bottomed @ £2.04 (+34p from £1.70)

If this trend is anything to go by, i think the current share price could bottom out at around £2.45 (approx +40p from £2.04)

December 9th 1988 share price bottomed @ £1.42 / October 3rd 1997 share price peaked @ £6.64 (9 years later)

October 20th 2000 share price bottomed @£1.70 / May 18th 2007 share price peaked @ £7.43 (7 years later)

November 21st 2008 share price bottomed @ £2.04 / May 22nd 2015 share price peaked @ £5.94 (7 years later)

If this trend is anything to go by, my guess is the current share price could bottom out at around £2.45 within maybe the next year or so before slowly beginning to move back up. My guess is around 7 years later the share price could peak once more at around £4 to £6+ at which point profit taking may help send the share price lower once more.
Just a speculative guess based on the chart!
MaoWombat
Posts: 2,705
Off Topic
Opinion:No Opinion
Price:286.70
Buying
9 Feb '18
Haven't held MKS shares for quite a while. Good opportunity at £2.86, I believe, so bought in today.
Jakers
Posts: 160
Off Topic
Opinion:No Opinion
Price:289.80
Megan 1
7 Feb '18
My apologies - wrong board
Jakers
Posts: 160
Off Topic
Opinion:No Opinion
Price:289.70
Megan 1
7 Feb '18
I think BP is a better value in terms of dividend yield alone. Not sure how you arrived at 90 pence SSE dividend though if they pay 27 pence twice a year, or have i missed something. Hope your fortunes change for the better and best of luck
2reincarnated
Posts: 3,270
Off Topic
Opinion:No Opinion
Price:287.70
costa77
6 Feb '18
Thank you very much. Being such a long time ago you get confused with all time lows. I think it may have been Morrisons which hit £1.50. Either way, both of these companies are solid and can only fall so low. However, think you are right, we may not see sub £2.




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