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Started: neilhumphreys5ya, 23 May 2024 15:21
Last post: neilhumphreys5ya, 23 May 2024 15:21
Jefferies raises Marks & Spencer price target to 330 (310) pence - 'buy'
JPMorgan raises Marks & Spencer price target to 360 (330) pence - 'overweight'
Goldman Sachs raises Marks & Spencer price target to 375 (350) pence - 'buy'
Deutsche Bank raises Marks & Spencer target to 350 (315) pence - 'buy'
Started: hg44, 22 May 2024 18:54
Last post: hg44, 22 May 2024 18:54
The results today for M & S were absolutely stunning!!
Food & clothing wow look at the figures and the margins!!
Very very confident that share price will be over £3 in the next couple of weeks, £4 in the next 12 months. GLA
Last post: Carrington, 22 May 2024 17:12
Baxster - I wouldn't worry about it matey - broker upgrades coming down the pipe tomorrow and Friday - they have no option but to upgrade after those results - remember MKS have increased market share/margins in food and clothing over the past 6 months - going forward, inflation and rates are coming down and with recent wage settlements generally being higher, in some cases much higher than current inflation that leaves even more future disposable income in the MKS demographic - follow the money
gla dyor etc
Yuri.F - You are the kiss of death! :0)
Got to love London for such a crazy SP swing on such good results
Technically third outcome is also not improbable - it won't change (as a result regular trading, suspension/natural disaster, etc.)
I'm not sharing the optimism though, it looks like this is IFRS reporting (hence "fair value" is reported on assets/equity) and looking at capitalization - MKS has crazy valuation: multiples (magnitude) of what they are actually delivering net-profit wise.
m-cap is £5.93B (it's already like they're sustainably delivering around £750+ net profit per annum) with equity £2.8b while in reality net/after tax profit over recent years as "consolidated statement of comprehensive income" for "owners of the parent" position shows:
2024 : +89.2 £m
2023 : -53 £m (loss)
2022 : +584 £m
2021 : -1470 £m (loss)
2020 : +858 £m
2019 : +58 £m
gap of market-valued vs actual profit is huge, although it is not the only company on a market with such anomalies.
It will definitely move the SP up or down. Believe me. DYOR
Last post: neilhumphreys5ya, 22 May 2024 10:15
Huge cost savings to be made with 100% Ocado and JV gone/Gist would play a large part in that and core supply chain reorganisation.
Digital/Ai online website integration with Mks core too would save ops costs too and would help follow the money.
It’s essentially strategically critical the full ownership of the JV gets bought at the right fair value and some agreement on legacy bonuses. Ocado grp need the JV shop window to be a positive spotlight to sell tech, Ocado grp should stick with tech and not shop keeping. Dyor
Would see closer to 3.50 within 12 months, maybe slightly higher if dividend improved and then onto 4.00 if Ocado Retail becomes profitable.
£350-400p based on new P/E forward may take a short wait but it will come. Dyor
Brilliant results and balance sheet ready for an acquisition to help continued revenue growth step change
Some profit taking holding back 3.00
Now 299
Last post: Tame2017, 22 May 2024 09:11
That is quite some year on year shift in the results !
Started: BuddsoddiCymru, 21 May 2024 20:44
Last post: BuddsoddiCymru, 21 May 2024 20:44
To everyone concerned about the current price and tomorrow's price in reaction to the results.. it doesn't matter. In the long-term, a share price will follow the EPS growth. Don't follow the advice of analysts who are seldom correct and who's only concern is short term performance.
Don't let the price drive your narrative.
Started: revshep, 21 May 2024 11:04
Last post: Carrington, 21 May 2024 16:00
It will come down to what it always comes down to with MKS - clothing market share/margin - MKS have momentum and the market will want to see margins maintained and market share grow, that is the bottom line here - I am cautiously optimistic - lets see - good luck tomorrow
dyor etc
I’m thinking Revshep is right the price is already what it is based on fab results tomorrow , I’m also thinking it is spooky quiet ,what do the big boys know that we don’t !!?🤔. I’m also agreeing with all today’s posts , I have grabbed small profit here on 2 trades in the last. 12 days , but sunk my all back in at. 276. Good luck everyone for a happy 22 nd. I’m not greedy happy;to sell at 285 I I don’t play the long game
I am actually glad this has not risen too much into the results. Hopefully avoids a sell off on news which I expect to be in line. They won't over commit on guidance and continue to be cautious....which is the right thing to do but markets are not always rational in their reaction.
Rev, i thought we're meant to believe not hope! Surprised we haven't seen a bit more of a rise this week, perhaps following the Christmas update and subsequent fall there is more caution on the believing side. Still believe and hope we'll see £3 by end of month but suspect it will just be a fleeting glance of what's to come later in the year.
Gla, alarm clock set for 7am.
I fear that all good news is in with the present price. I am fearful that it will drop back on the results. I hope not as I hope to be out on 300p. It may be a long wait.
every blessing
rev shep
Started: MakeSomeMoney, 21 May 2024 10:56
Last post: W13Ken, 21 May 2024 10:59
I'm a relative newbie, just in for 6 months but holding long-term. It is quiet but hopeful for 300p+ tomorrow.
So quiet here - anyone else still holding apart from me!! SP holding steady today on a market down day.
Expectations for results? I'm not expecting fireworks - I will take a slow and steady from here
Started: neilhumphreys5ya, 19 May 2024 18:31
Last post: neilhumphreys5ya, 19 May 2024 18:31
2025 agreement reaches a watershed and a decision is needed by Mks
Shares gonna hit 300+ after update this week imo. Sold a few recently but still got large holding so fingers crossed for a return to a decent dividend
Can it go beyond the highs of £2.90?
Approaching.
Started: b@xter, 16 May 2024 11:30
Last post: b@xter, 16 May 2024 11:30
Evening JJ, nothing wrong with being cautious. I'd agree with broker rateings, they're wrong more often than me but always good to see them higher than current SP, to be fair half the time I only copy and paste as I saw the notification and thought it might save others time opening, a kind of public service 😅
Divi will be interesting, will it be cautious or send a message we're back? Also hoping to see something regarding Ocado and getting M&S livery on the van's...nothing to do with me buying in there this week 🤔
Good luck and good night.
Fforest I wouldn't take any notice of broker ratings and especially so close to FY figs. A week today we will discover just how well MKS is continuing to perform and whether we can buy more with a high degree of confidence. I shall be very interested in what is said on the dividend front. Perhaps I am too cautious. JJ
Barclays raises Marks & Spencer price target to 315 (300) pence - 'overweight'
Has been rising so no one is safe. Ocado nice rise.
Started: Fforestgwmp, 2 May 2024 08:22
Last post: neilhumphreys5ya, 12 May 2024 19:45
Net income maybe £560 m @ multiples of say 13: £7,280 b m/cap or circa 355p, would be my thought after results 22 May, maybe a build up and increases over 4 weeks after, plus improvement on inflation and interest rate drop in June-maybe
Full year results just over a week away, time for me to consider my options short and long term. I need to reduce my holding this month, just those I bought in December, do I sell before or after news? SP is up 8% over 6mths and level with end of December and with 5 years ago, down c30% over 10yrs, surely we're in a far better position. I doubt results will be a surprise, they'll be great and perhaps priced in but I don't think so nor other factors, Ukraine and middle east perhaps, falling inflation and expected rate cuts? Improved market mood and sunshine? Debt should be massively reduced not that it was significant and then theres the divi, 5-10p, will the market like it and any outlook statement, please be positive. My gut is telling me to hold for results if we're below 2.85 but if were 2.90+ next week I may reduce then.
Long term, 1-2yrs, where do i see this going, do i cash in and just put it in the bank? I'm thinking we should be atleast 5% higher by the end of May and that would leave us 5% off £3, will we see that over the next 12mths and equal the banks 5%? No question in my mind, confident we'll be over £3 before the longest day and stay there, 6mths ago I thought 3.30 would be hit within 12mths and i still do, so it's a hold for me there.
Good luck whatever you decide to do.
I have looked at the new range of clothing and done some research, - it seems to be selling well - the results as always will come down to clothing sales/margins - food is a given and we know full well MKS have taken and continue to take market share - personally I think momentum is now with MKS and clothing will have retained its margins and increased market share - if this is the case and factoring in a pickup in the UK economy, the share is going plus 3 quid imo - the fly in the ointment may well be the monetary settlement with Ocado - need this sorting before results to eliminate any doubts going forward - all imho
gla and good weekend to you all
B@xter I am not interested in making predictions as right now I'm very happy to wait for the results. A nice div would be great but not going to predict what that might be. Good luck to you and everyone on here. JJ
PE a little lower Tesco currently and certainly lower than Next, so hopefully good results not fully priced in. Jimjam what's your thoughts on the sp this year. I was thinking 3.50p but perhaps that's a little over optimistic given the fallback we've seen from 2.90p.
Started: David7015, 17 Apr 2024 08:31
Last post: neilhumphreys5ya, 23 Apr 2024 11:39
Larger issues may well be preoccupying the board now, but they will need to push for joint transparency on JV Chilting, you are I believe correct.
Ocado Retail are certainly much better placed now than they were when M&S chastised them for poor performance.
It has to be said that they responded brilliantly and are now well back on track for the future.
So, its over to the M&S board now to settle any disputes that remain between M&S and Ocado and give us a clear indication regarding disputed payments and the plans both companies have for the 50% of Ocado Retail that Ocado still own.
This morning Kantar said online player Ocado was again the fastest growing grocer in the 12 weeks to April 14, with a 12.5% growth in sales - as I said in my post yesterday, the theory that MKS cannot maintain its Christmas dominance in food and clothing is completely wrong and playing out in front of your eyes - follow the money
gla dyor etc
But change is upon us...
Dan Coatsworth, investment analyst at AJ Bell, said: "The Bank of England is now expected to start cutting rates before the US Federal Reserve sharpens its knife and that's led to divergent fortunes for the respective currencies."
He added that the "favourite items on the menu to fill portfolios" included Marks & Spencer, which was the recipient of a positive broker note, alongside Next and Sainsbury's. "All three saw their ratings lifted from 'hold' to 'buy' as part of a review of the broader retail sector," he said.
That rating dates back to jan 24 and nothing has changed.
Started: Montz, 16 Apr 2024 14:57
Last post: Montz, 16 Apr 2024 14:57
I'm new to this game and I find this chat stream really interesting.
Its probably really obvious but why is the share price fluctuating so much?
Started: beatrootjuice, 11 Apr 2024 07:58
Last post: CWWX, 12 Apr 2024 11:05
Hopefully a positive month but I have never seen a broker rating / price be realised.
Another positive note with a price of £3.30 put on m&s today. In for a positive month I think. Cross fingers.
Started: jimjam, 10 Apr 2024 14:55
Last post: Fforestgwmp, 10 Apr 2024 21:13
It would be good to get a snippet of news before results but that's only 27 trading days away. And confirmation of what the divi will be.
It will be very interesting to see just how well 'food' has delivered for MKS. Fingers crossed. JJ
Started: OakhamFlyer, 8 Apr 2024 16:35
Last post: Carrington, 9 Apr 2024 09:20
Added to my holding this morning at 254.5p
gla dyor etc
Push out a trading update, the grind downwards is a bit painful
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
Started: OakhamFlyer, 8 Apr 2024 11:29
Last post: OakhamFlyer, 8 Apr 2024 11:29
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?
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 !
Started: 1ontheup, 7 Apr 2024 18:17
Last post: W13Ken, 7 Apr 2024 23:23
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?
Started: OakhamFlyer, 5 Apr 2024 09:58
Last post: neilhumphreys5ya, 5 Apr 2024 13:06
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 …
Started: hg44, 4 Apr 2024 05:58
Last post: neilhumphreys5ya, 4 Apr 2024 11:53
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.