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Every day is the same. Peers in the blue upgrades for supermarkets while MKS gets closer every time it reports to the one that will not survive out of all the supermarkets. What are they doing so wrong to be constantly sold off
Opinions on this pete
BRAND
M & S Food
M & S Food is the 3rd most popular supermarket chain and the 8th most famous. M & S Food is described by fans as: Classy, Attractive, Accessible, Expensive and Cream of the crop.
WHAT GREAT BRITAIN THINKS OF M & S FOOD
Ratings
75%
POSITIVE OPINION
5%
NEGATIVE OPINION
18%
NEUTRAL OPINION
98%
HAVE HEARD OF
1232 interviews - YouGov Ratings data collected
You’ve mentioned that already
PwC don’t like boohoo either, so what!
Pete7 you are talking out of your azz.
Go back to boohoo board.
You just bitter at your losses.
Mks is trading well and hopefully will exceed expectations at the next update. I very much doubt you eat from at m&s.
I shop their food weekly because I can afford it and it tastes better than most. Aldi food is a few levels down the food chain, that's just the facts.
NIce try Pete!!!!
Ha, ha over 95 now
Anyone who prefers Aldi is welcome to eat that garbage. Lidl /Aldi competition is the con of the century, poor quality food repackaged to immitate others.
If your taste buds can't tell you that, you are beyond help.
Well the problem is..
The food side only attracts an operating profit margin of 3.9% whilst the Home/Clothing side it is 7.0% and as the H/C side is scheduled ( according to the end of year BOD comment ) to lose a "considerable" amount of store sales this year...it is very unlikely that the food side will make up for that slump..against budget ..
You also have the increased debt as a result of drawing down on the RCF , no doubt as a result of the "exceptional" costs noted in the recent update related to redundancies and other costs ..the drawdown is expected to peak mid Autumn
OCADO Retail will no doubt have helped online but the profit there is still very small and not expected to increase too much, just yet...and don't forget they still owe £202m to pay on that acquisition, depending on Ocado targets reached by Nov 2023 ...the interesting thing will be whether Ocado Retail has taken sales from stores or acquired new business from elsewhere in the market
The FCF and working capital is being hit to the negative at present which is holding it back of course ...due to the COVID situation....and the deferrals of VAT,Corporation Tax, Duty Payments etc will have to be caught up next year at some point..so although that maybe cash on hand..it is really a pending debt (unless Government policy changes)
so..all in all..there is a clear reason why this is still being held back and although they have the RCF to cope with liquidity issues..it is going to take until mid next year IMO to get things truly back on an even keel in terms of the balance sheet ..which..at the end of the day ..is what matters ..with the share price
A good note though is the pension ..which has a surplus and not a current issue
No dividend in 202/2021 will of course hinder the share price too ..and I doubt that will come before that RCF drawdown is paid back and the exceptionals stop.... IMO
At the moment to MCAP is £1.9 Billion and the book NAV is £3.7 billion at end of year results....which of course makes it look as though it is really cheap
but... a lot of the asset values are booked under the value of the stores (property,plant and equipment and right to use assets) , and with the current retail slump and COVID slump ..the City is keeping an eye on the fact that the BOD might have to write down the book value of the stores ....something which the likes of Tesco etc did a while back...
Neil..I would welcome your thoughts on that...
Excellent analysis pokerchips. Good to read some balanced realism.
Personally I see a sizeable write down of store values coming. The market is certainly as you say wary of it as this share has flatlined for 3 months despite the MKS - Ocado retail partnership working at flat out maximum capacity.
realism?
lol
Of course it's not the sort of analysis this board wants to discuss though.
Baseless talk of getting to 150p. Rejoining the FTSE 100 etc is far more popular.
Fairs fair Value, you predicted £30 for Ocado a few weeks ago and now they are £2350.
Now you are telling MKS holders they are deluded?
hmmmmmm
I've never predicted £30 for Ocado. The comment you refer to was during a discussion as to what Ocado's share price might be at if the court case they are involved in was not happening. The share price was £29 before the court case.
Gioviano55020
04 November 2020 - H1 results
What are your thoughts on revenues, operating profit and Earnings ?
Value, take it on the chin...you didn't predict Ocado fall either, yet you keep having a go at people here.
You sound like a know it all, that doesn't know it all.
if everyone could predicts every fall and rise for every share we would all be millionares lol .....so i confidently predict ocado somewhere in the future will reach £50 a share with a number of rises and falls along the way
All I am saying here is pokerchips has provided an in-depth analysis and yet again it is avoided. You prefer trash talk than to address issues.
To quote pokerchips who asked you...
"04 November 2020 - H1 results
"What are your thoughts on revenues, operating profit and Earnings ?"
Pokerchips, I am going on sentiment more than anything. I don't believe all the negativity directed at MKS, they've completely overhauled the food section, which is impressive to me. The media seemed to have it in for the launch, how British.
As if it won't be a success. No idea about their fashion. Maybe they will sort it? and now Ocado can deliver it. There are still older customers for it's style.
I was thinking looking at chart would be 105 by results, but now? maybe sooner. I'm being cautious.
If you are not too greedy there is some profit to be made eventually.
Something positive driving last 3 days, that's all you need to know. Once sentiment changes, things can happen (both ways)
Although, you are probably looking at mid-end next year if you want to make decent money.
Trash talk.
You are the character that can't keep his gob shut...as Ocado hits 2305, you are still saying a deal is around the corner...AND YOU HAVE NO IDEA IF THERE I ONE OR NOT?
DO YOU KNOW? DO YOU WORK FOR OCADO
IF THERE IS ONE WHY IS PRICE GOING DOWN?
I am talking about MKS not Ocado.
You must live ALONE because who the F could stand listening to some say I'M RIGHT EVERY SINGLE DAY OF THEIR LIFE!!!!!
Gioviano55020 hi, value is correct she didn’t quote £30.00 !!! She actually quoted £40.00! Which of course she will lie about as she’s been caught out once again! Mel never does her homework before engaging the brain.
Valueplay
Posted in: OCDO
Posts: 560
Price: 2,712.00
No Opinion
RE: Today's rise, very encouraging17 Sep 2020 21:02
There's no guarantees for sure but I see Ocado as far more likely to reach £40 than £14. There have been these fantastic investment opportunities within the share thus far. There will be a point in the future when the potential is fully factored into the share price. By that time though the chance will be lost. So many still misunderstand this share which is great. Will not always be the case though.
Investment choices/strategies are a very personal choice. Diversification is more comforting but when big opportunities come by they can, if taken, put rocket boosters onto the portfolio performance.
You seem very flustered.
There could be an Ocado deal around the corner. It's a point chilting had pointed out repetitively too.
I'm not saying I'm right. Trying to promote in depth discussion on issues. But it is hard. Trash talk is easier for some.
Again you sink into misogynistic abuse rather than talk in depth on MKS.
Pokerchips asked you a qu earlier....
Bugger off back to talking Ocado up Value, your £40.00 estimate on Ocado is absolute madness, no logic to it whatsoever, at least M&S is profitable and has given great divi’s up to Covid, and will return to divi’s in 2021-22, Ocado hasn’t made a penny in EBIT-ever, and never returned money to shareholders. You have no depth whatsoever value, ignorant and volatile character who waits for a share to crash from £29 to £23 without action and puts all her eggs in one basket! CRASH!!!! What a numpty!
Still avoiding pokerchips question? Need it explained?
Ocado has returned 750%+ in last 3 years. MKS profitable but not a profitable share to own, -60%
im a shareholder in both ocado and marks ..in the time ive held ocado ive made about 50k ....in the time ive held marks im down about 1k ...i really do fail to see the points some folk are making