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LBC just confirmed mks ⬆️12%. Looking good for tomorrow. An increase in next dividend would be nice. 🤞🏼
New figures from research group NIQ for the 12 weeks till the end of December have food sales at M&S up 12.1% behind Lidl on 15.3%.
Then followed by Aldi on 11.4% and Ocado, very encouragingly on 10.8%
The rest follow in single figures with Waitrose on just 3.6% - clearly loosing out to M&S.
Full story is here.
https://www.msn.com/en-gb/money/other/food-sales-soar-as-marks-spencer-enjoys-a-bumper-christmas/ar-AA1mItRJ?ocid=msedgntp&cvid=6c94be77471547f4a4730430663cc0f7&ei=21
Lots of buys showing after hours. And one late show from 2.36pm of £17 million at 2.91. Doesn’t look like a sell to me. We will find out Thursday. Gla
Sorry I meant the 11th
Why, what's happening tomorrow?
I have a substantial holding in M and S and fear that tomorrow we may all be in for a rude awakening. I hope that I am proved wrong. The market is expecting bumper profits and I fear that this has already been factored into the recent share rise. Personally I would be happy with an exit price of £3 but I do not think that we shall see that tomorrow. Market prove me wrong! GLA
The Halifax store also took record takings.
£3 in a few days.
My wife’s food store did record numbers this Christmas. I think update will be spectacular and sp with gain 10% minimum. 🤞🏼
I assume the 13.7 m vol on Mks is linked to the 0.50% short still open under the above ‘investment’ plan. I guess a reversal before thurs
Almost 29% of households shopped at M&S in December, up from 27% in the same period last year, equating to 500,000 new shoppers.
That's some good numbers from the article above, look good.
The results will need to be spectacular on Thursday to keep this run going - Mrs C is in Bluewater atm - I asked her to pick me up a couple of jumpers for me in the Men's sale - she has just called me to say there is only 1 rack of clothes in menswear left in the sale! - 1 rack!!! - it is looking good boys and girls - fingers crossed for Thursday
gla dyor etc
No doubt a SP squeeze before Thursday. With m-cap maintaining somewhere around 13.5X updated profit, Mks sp somewhere >300/350p, either way May’24 will cement a climb to >£8b.
Sector consolidation and Mks part in that will be short term noise, but necessary.
Thank you edtheeuph
I thought the Mail had got it wrong - they seem intent on creating friction between M&S and Ocado.
5.5% is very respectable.
See this from Kantar
https://www.kantar.com/uki/inspiration/fmcg/2024-wp-record-numbers-hit-the-shops-as-supermarkets-experience-busiest-christmas-since-2019
From casapinos on ocd chat:
and this extract
"Spending at online-only retailer Ocado grew by 5.5%, though its share of the market held steady at 1.7%."
Although it's not a massive jump up, it's still a positive one, given the capacity constraints of the Ocado system as it stands today, but with that capacity likely to grow much bigger with the new 'reimagined' technology, it shows a good prospect for the future too. It all depends on how much profit was garnered from that 5.5% increase for MKS. If the Ocado solution is as efficient as expected, that should be a bigger profit margin than from traditional bricks and mortar stores, so the 5.5% overall spending may underplay the profit impact. (OR the reduction in what's left to pay for the JV) Looking forward to the results to find out the details.
Hmmm, if details are out there, then we should see a good blue day in the morning and perhaps most of the week, although that could dampen impact of the actual update. We're only 6% off £3, could go before update and then stay there, please, if that's the case where do we go next? Where could we be by May? 3.30-3.50 with 3.50-3.80 by Nov?
Chilting, now that is more like it. Just need for clothing and home to get to 10%+. Happy new year to you. JJ
Daily Mail have 14.2% - unpublished from Kantar - Christmas food sales for M&S.
Just 0.5% for Ocado Retail.
https://www.msn.com/en-gb/money/other/marks-spencer-is-crowned-king-after-high-street-food-fight/ar-AA1myRaC?ocid=msedgntp&cvid=f45a9fa0d71541a29129fd4ac3634078&ei=15
Thank you Pidge, not long to wait when it will become clearer. Enjoy your weekend. JJ
Morning Jimjam. I’m not sure what it all means I’m a novice. I have been told that we took as a store 5% above what was forecast. Stuart will be reporting and that it is all looking good from what management have heard
Pidge, good morning. The figures you gave of 6% & 9.7% didn't excite me. I'm assuming these are in comparison with '22 and might be attributed to inflation. They don't suggest to me that you were selling more i.e. volume not increased. If these figures are true of MKS as a whole I would expect the share price to drop back after the trading update. Any thoughts? JJ
Ran out of yule logs 2 days before Xmas, had to get one from Sainsbury
Jefferies raises Marks & Spencer price target to 310 (180) pence - 'hold'
What I've noticed most in our medium sized store is this Xmas they really got their stocking ,excuse pun, levels right. Hardly anything having to be yellow sticker marked down heavily on xmas eve as has happened previously. Must be a good sign for the company profits even if we didn't get many bargains.
We had a very busy Xmas in the store I work at, C&H +6% and food +9.7%