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I wouldn't call 1p a share a fantastic dividend, but I'll take it (whenever it arrives in my HL account).
However, the wife's sharesave scheme matures on 1st Feb and we maxxed out to buy shares at 82p. Unlike many, we won't be offloading shares anytime soon though.
Fforest, brilliant. I lived for a few years in Macc. JJ
I live in hope but I dont live in Hope.
https://en.wikipedia.org/wiki/Hope,_Derbyshire
I also used to be indecisive now I'm not so sure.
Happy divi Friday, dont spend it all at once.
JJ, well said, bit of perspective to all the madness.
We should all pray for peace, love and equality.
At the end of the day that's more important than a few quid lost in shares.
Sorry Toffee fear of War could impact the whole market. As Neil might say I "hope" not.
I love peace and pray for that. JJ
Toffee I strongly believe we will recover this Friday and you can cheer yourself with the fantastic dividend. JJ
1 day away from the god we call the Internet, chilling with the missus. Thought not a problem, will be a nice surprise.
Just turned phone on!!!! supprised is an understatement. 😒😒
Clothing and home spooked the markets , growth not from volume but retail inflation !
Hugely overdone now.
Be thankful for (very) small mercies I guess.
Hello jimjam
I guess your experiences with Waitrose in Henley sums up the sort of mess that Waitrose is in.
It certainly begs the question - if they cannot get it right in Henley, where can they get it right.
I am quite sure that M&S would jump at the chance if they could get the site, especially as it comes with parking.
Look after the pennies and the pounds take care of themselves. Better buy JDW. JJ
Paid tomorrow! Let’s rejoice in that!
One of the reasons that M&S appealed to me was the fact that the CEO previously made a point under the ongoing plan to move less profitable stores off the High Street and into local retail areas where parking is easily available. One store saw a 100% rise in profits through such a move move - a no brainer. I do like Waitrose but do find them expensive. Their cafes and the fare they offer could be better too.
Always buy on dip. The update was good enough. So, I just bought 3k more shares at 263.3. GLA
Hi Chilting I can offer a survey of one, me. Henley Waitrose is a 'tired store' but is well used because the car park is inexpensive, and allows you to park free for one hour. The store is next to the well respected Regal Cinema, with a public library at the other end of the car park. The nearest M&S is 10 miles away in Reading, High Wycombe, or food in Marlow. The Tesco is one mile away with free parking, and a car wash on site. I have noticed some of my neighbours who have been shopping in the Waitrose now also use the Tesco. The freshness of the veg in Tesco is much better than Waitrose with a much better choice.
Henley is one of 4 Waitrose stores that I use from time to time. Henley is the least satisfactory which suggests to me that it is being run down to be sold off. The same happened in Marlow, which is now a very smart Lidl. Sorry if all the detail proves boring but I care about retail and believe the customer is all important deserving of the best possible service and product. JJ
I agree with jimjam that it would be good to get hold of Waitrose sites like Henley, but I guess they won't want to sell their crown jewels only the rags.
Its probably better to go out of town with abundant free parking, as M&S have been doing, in the profitable locations like Henley, if sites are available.
Henley also has a big Tesco, it would be interesting to know if customers are drifting from Waitrose to Tesco to sample their Taste the Difference range in such an up market area.
I live with hope JJ, at my age you have to! I remember us all staring 79p sp in the face not that long ago and it’s hope then that got us through those days. It is hope we live in health too.
You were correct with the 5%, well done JJ! You got what you predicted.
But it is short term and wording in trading updates that matters and we can’t always predict that.
I hope for good because what occupies our minds most becomes reality in my experience. I hope for less rain so my saplings have strong roots too, as I also hope for more land))
Oh dear Neil, you are basing your strategy on 'hope'. Yesterday I indicated the share could drop 3/5% and is currently exceeding that. I am still thinking M&S has done ok but they are going to need to work harder and smarter in the coming year to produce outstanding performance.
Waitrose have published the fact that they are planning to sell some of their stores. I believe MKS should cherry pick the ones that will fit with their strategy and go for it. The link between Waitrose and JL is not that strong and the latter needs funds to follow their stated strategy. JJ
Let’s hope US inflation at 2.30pm is continuing its drop.
Good that Mks didn’t focus on any full year profits in the current economic climate, it wouldn’t go down too well, instead Mks have focused on increasing its competitiveness.
Mks have pleased more customers than last year and I believe looked after them very well, critical to the year ahead.
Finest +17% is impressive at Tesco and I see others are copying Mks too, the thing to remember though is new products are nearly 40% of Mks product range, they barely move on finest. New lines are the lifeblood of +LfL
Which is comparable to Sainsbury who have a Mcap 1.5b above ours. Bring it on, traders can have today for we're here for tomorrow
The real prize is;
Analysts currently expect adjusted pretax profit for the year to come in at 663 million pounds ($846 million), up from 482 million pounds in 2022/23. That will give us an increased mcap thro circa 13.5X
We shouldn't lose sight that these are good strong figures, particularly considering the climate and factors out of our control. The numbers aren't perhaps as excellent as we or the market were expecting, we got excited and ahead of ourselves, let's not forget we're potentially looking at one of the most profitable years in a decade. Equally we're still up 20% since before mid year report only 2 months ago.
Debate as you will but I'm out for the day so will read later. My personal debate as is the case with any calender event or price point is..do I sell and put in a savings account to get 5% over the next 12mths or do I expect a better return staying put...no consideration need..that was easy. £3 by May or my names not Fforestgwmp
Gla.