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Exactly right Carrington. Look at how MKS has benefited as competition has failed over the last 5 years. Debenhams, Arcadia, EWM/Jaegar, Victoria Secret UK, GAP Europe, Cath Kidson, Laura Ashley, Oak Furnitureland, Made.com. Ted Baker on the precipice, Body Shop in a terrible shape, etc. Obviously Next have picked up a bunch of that business as well, but the facts are that M&S are acquirers in this market, not at risk of failure / acquisition themselves.
Carington , thinking same ,and I just added another bunch @ 255 to my portfolio , not worried a jot hopefully a return by the end of May , but if I’m wrong may just buy more ,
I think the new man at JLP will have to do some something radical to turn things around.
One option could be to sell Waitrose - M&S would be an obvious buyer - think of all those wonderfully located Waitrose stores in M&S heartlands.
Works at MKS that is, sorry just hit reply to first post on the list.
MKS down today as a result of a negative read after new research highlighted the soaring rate of insolvencies in the industry. There have been almost 20% more insolvencies in the last twelve months, Mazars data showed, as the effect of higher interest rates hits high streets. - personally I see this as an opportunity to add to my holding - less competiion equals more purchases at MKS - JL - too little too late imo - Damage already done by Sharon White - Waitrose cannot compete on price with MKS due to inefficiencies in delivery compared to the service offered by MKS with Ocado - this is playing out in front of your eyes right now as MKS continues to take market share off Waitrose - I will be adding if it falls much further
gla dyor etc
My Mrs works there, so we have the options, A bunch at 99p and a bunch at £2. So indirectly invested that way. But looking to get in with my personal portfolio, hopefully in the 240p range, but ok if i dont get the opportunity as the options effectively give us over 11.5k of shares. They were both oversubscribed otherwise would have tried to get the full £500 allowance at the 99p as it was a steal. Only got just short of 50% though.
Anyway, she works in one of the stores, there "Forecast", (not sure if the sum of all these store forecasts = the estimate they give to the market) but they were down for £94m turnover for the year, but they have messaged internally this store hit £98m, so nearly 5% over the estimate, not saying all the stores will be like this but I have a feeling the next results (or trading update) will be strong again, just the outlook messaging that could depress the SP.
It looks like the completion is getting its act together with the appointment of highly regarded ex Tesco man Jason Tarry as their new chairman.
I see he starts in September - not a moment to soon for them.
I would hope M&S would post in next fortnight a trading update… We need to get out of the 250’s trading zone and build momentum…
Thank you for your supportive comment Forest I’m smiling “lost for words you say “a bit dramatic don’t you think .. yes I am very confident if your buy is under 260 I’m saying you will get a healthy gain by the end of May they are on the up in both food and clothing but rather than play ping pong on here why not just come back and thank me in a couple of months if you have the balls to play ..
I'm lost for words Fender, what makes you so confident?
I don't go in there too often but I shopped there for Mother's Day and it was very busy as it usually is when I visit. We've also had Valentine's Day and pre-Easter buying in the quarter and news below showing that M&S is the fastest growing food seller. It all points to a strong Q1.
I no longer live in the UK so I can't judge but I was wondering if anyone shops in M&S and if they have seen a footfall lull in the shops/cafes Jan to April?
This is so manipulated BUY !BUY ! ! BUY anything under 260 .. I am 70 happily retired since I was 44 mortgage free I would remortgage my London flat and put it all on this I’m not ramping this stock Money to be made trust me !
Yesterday around 150 orders unfilled, short of free stock most of the day.
Today midday 8m shares traded so catch up. Market hid behind worst march for retail etc to push down on sp.
All nonsense and then filled orders.
Apart from the Americans causing ripples why would M&S be more susceptible in the FT - Drop seems quite steep, I’m I missing anything as the strategy and growth pillars seems robust in my mind …
Mks have an opportunity to leap from just over £13b revenue to £16b if they acquire the 50% JV from Ocado group.
Sort out the £191m bonus issue by awarding say 50% of this to OG, offer circa £650m for the JV buyout, give OG the IT services contract long term.
OG can then become 100% tech, Mks relabel the vans M&S and merge gist operations and non food supply chain so customers only deal with M&S with no third party courier costs. Shave off the supply chain duplication and save millions to help offset the capital needed for JV, Mks pay down OG over say 5 years or less.
The opportunity for Mks then is endless with direct to customer, and vans get filled to capacity.
It will happen I’m convinced, M&S are pushing hard on good credentials and giving more fixture space to food category on new stores.
Surprised by low daily buys / sells , hopefully my timing is good as expecting to see nearer to £3 post results.
Gla
New target set for the year,
industry experts believe M&S, which has 3.4 per cent of the market, could leapfrog Waitrose (3.6 per cent) this year
Nice! Have both shares in ISA.
M&S are going from strength to strength - They are stealing the clothes the food from Waitrose, pick up the staying at home entertaining category whilst tackling the value perception.
Strong marketing on clothing and merchandise and eating into JLP customers can only improve sales .. One watch out will be margins across M&S on next trading statement - For me , I continue to hold with positivity 👏
Well then, March hasn’t turned out to be quite as mad as the saying suggests.
The BRC and NIQ reports on 5 March appear to have been the catalysts needed to halt the reversal. That date marked the turn up from the low point of the downtrend and it’s been a nice rise since, backed up with further positive signs from aditional retail data. The results vacuum, that was getting just a little bit testy, also seems to have turned for the better and today’s update from Ocado hopefully easing some of the domestic turbulence.
The 200DMA has been treated as sacrosanct with the low point turning just above it. ‘Twas never breached and the SP is already clear of both the 20 and 50DMAs as well. There was a hint of a W bottom from mid February to early March and we are now well clear of the W midpoint so that’s a good signal. The Weinstein disciples amongst the throng may now be thinking that it’s looking like a return to a Stage 2 uptrend; for the non Weinstein disciples and those wondering wot I’m blabbering on aboot – Stage 2 is a good thing. Yay :o)
My earlier observations in this occasional series on market dynamics highlighted the potential for a Head and Shoulders pattern to complete around this time at around the 200 level, and then go sideways for a while. Well, we got the sideways a bit higher and a bit earlier than I anticipated – a gorgeous looking corkscrew that ended with today’s break out – and, crucially, today’s close was just above the shoulder point. That should be key to the H&S now being consigned to the digital archives, never to be mentioned again (be nice now).
The close today was bang on a key support/resistance line though (if you are really bored with the in-laws this holiday weekend you can have ‘fun’ tracing it all the way back to 2003) and curiously it’s at the exact same point where an extension of the base of that lovely 15 month uptrend might cross it. Key trend lines crossing over in a ‘confluence’ may possibly mean a bit of SP hesitation and stuttering around, unless it smashes through tomorrow without a hindward glance.
Unfortunately - *sigh* - all of that means that there are now two large unfilled gaps on my chart that are going to completely mess with my CDO for the rest of year. Perhaps lots of chocolate and a nice profit on my investments will get me through the pain, hmmm?
Right then Easter, what’s in-‘store’ (stop me) for us at the end of this wondrous financial year? I’m going to take a punt here and suggest that we may even see a post YE trading update in April. It doesn’t normally happen, and if it does I suspect it may be relatively brief, but it would be a nice bookmark to recent events and set up nicely for the results on 22 May?
Happy Easter and a Happy 2024 Financial Year End to one and all (Dickens can rest easy I think).
I was thinking the same... Quiet guven the rise and some positive read across from Ocado update.
Not a chartist but looks like a nice bowl. Let's see where this ends up.. Hopefully £3+!
Quiet here today considering a nice rise.. I noticed some news regarding Ocado. I'd like to think M&S can make gains all by itself.
Reduced to 0.42pct on the 19th March Bax