The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Https://www.dailymail.co.uk/news/article-13125027/marks-spencer-UK-favourite-supermarket-survey.html#:~:text=Marks%20and%20Spencer%20is%20the%20UK%27s%20favourite%20supermarket%20%2D%20even%20though,score%20of%2076%20per%20cent.
There is no mcap for Ocado retail. It’s a JV
Perhaps would be nice if MKS could use this as leverage to take ownership of the other half of Ocado, but the market cap still seems silly, nearly the same as MKS.
Marks & Spencer is due to pay a final instalment of £190.7m by August after the pair joined forces in 2019
Ocado used to count Waitrose as its retail partner but dropped the upmarket grocer in favour of Marks & Spencer
Ocado used to count Waitrose as its retail partner but dropped the upmarket grocer in favour of Marks & Spencer
OCADO
Marks & Spencer is withholding a multimillion-pound payment to Ocado Group after their grocery delivery venture missed key performance targets.
It's possible they were sitting just below 3% previously, perhaps from purchases much lower last year, and then took the opportunity this month to buy the dip to top up?
Apologies- share purchase price was meant to be stated at £2.37/ £2.38
So RWC Asset Management are the largest institutional investor on the share register now at 4.73%. Shares purchased at around 37/38p on 9th February.
They won’t be wanting to see much further drifting in the share price.
I wonder if Silchester International Investors have been building up a stake like they did with Morrisons?
It's an occasional glitch in the LSE system, happens a few times a year and is across the whole platform. Sometimes they catch up with the data feed later in the day but there are a few like this where they just never appear. Agree with your approach to always have other sources you can rely on.
Looking back on the recent RNS history of MKS, I notice that there was a holdings declaration on 12th February which does not appear in the “Live RNS” heading
https://www.londonstockexchange.com/news-article/MKS/holding-s-in-company/16329064
I have set up RNS alerts for all companies in which I own shares and this RNS was delivered to my email address in the usual way.
The company acquiring the shares is RWC Asset Management and there does not appear to have been a previous notification according to the form submitted on 12th February.
A new holding of just under 5% is excellent news, especially as the financial press are talking about potential interest in MKS.
Just don’t quite understand why it hasn’t been logged under all the other RNS announcements on this page.
A PE is just that, a ratio. It should never be used in isolation to determine value as it doesn’t include many other metrics in determining value.
Regarding my message about private equity and the appointment of Cheryl Potter
https://www.proactiveinvestors.co.uk/companies/news/1041238/currys-bid-battle-highlights-m-a-potential-for-dr-martens-m-s-dfs-and-halfords-1041238.html?rel=scroll
Retail sales data:
https://www.ons.gov.uk/businessindustryandtrade/retailindustry/bulletins/retailsales/january2024
Retail sales figures out today which beat expectations - I would expect MKS to go north today on the back of this, let's see
gla dyor etc
It's a waiting game again. Entry point is around 212ish before trading announcement. Hope we bounce back to required level before May.
Https://www.retailgazette.co.uk/blog/2024/02/ms-puma-reebok-sports-edit/
Not sure if someone is going to find this useful but they exactly know what they planing in near future.
Today I'm delighted to announce a couple of leadership changes as we continue to reshape M&S for growth.
Firstly, Rachel Higham will be joining the business as our new Chief Digital & Technology Officer.
And secondly, Mark Lemming, who has done a brilliant job leading our Clothing & Home Supply Chain & Logistics over the past two years, will step up to be our new International Managing Director.
Both of these roles will sit on our Executive Committee, reflecting the importance of Digital & Technology and capital-light International growth to the next phase of our transformation. As I set out at our recent Capital Markets Day, we have more to do in both of these areas and so much opportunity.
Rachel and Mark are fantastic additions to our Executive team and I am confident that, with their leadership, we will accelerate the pace of change in the business as we reshape M&S for growth.
And everyone selling minimum 6k to benefit from TY CGT
Decision to acquire shares = 6 months from final payment, then max 90 days to move into ISA. Staff with higher volumes will be moving into separate ISA's during March and April, thus, potential for more movement around tax year end.
However, looking forward to more growth here, so we'll be keeping hours (unless the boss tells me different? a lot of holiday brochures around the house:()
So should we expect the profit taking by staff to come to an end shortly and the price start recovering? Does seem like they drift down during the UK trade day, then get hoovered up by the American market later in the afternoon at the moment...
I have it on good authority a lot of staff sold their shares in the last month or two.. there was a lot of talk amongst them if and how it would affect the share price if any.
At around 2.37, while the FTSE 100 was down nearly 23 points. Could MKS be over the worst of the profit taking and negative sentiment? We will wait and see 😬
Https://www.retailgazette.co.uk/blog/2024/02/lidl-fastest-growing/?