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And not just 2p, 10p in a week and we've also set another new year high at 260.3. I though 265 by Nothismass but could see the 70s next week.
Gla
According to the Marks financial website this goes ex dividend today so in theory the share price should fall by 1p - it is currently up 2p as I am typing - a sign of just how strong this share is right now - follow the money
gla dyor etc
If this is just the beginning I'll class the last twelve months as the warm up, Ā£4.50 here we come! š
https://youtu.be/7GL6LH6ufhM?si=jE34Hl8ZPbhZpVQ7
Yes a very driven CEO who has a fantastic management team on board with him. Any investors who watch the Capital Markets Day webcast from last week must feel very confident of the M & S share price and our investment , they keep reiterating itās just the beginning!!
https://stream.brrmedia.co.uk/broadcast/6548c5266eba922222a2e833/654dc94a60419d1d649d4508
He seems like nice bloke, clever and clued up with it. Interesting read
https://www.independent.co.uk/life-style/marks-spencer-stuart-machin-shop-floor-bosses-b2446942.html#comments-area
Interesting read, thoughts anyone?
MKS have low-balled forecasts. Jan will be an upgrade. The new bull market has commenced. Long live Marks. Easy buy and hold jobbie
The UK inflation figures dropped at 4.6pct this morning, the percentage rise in pensions for April 2024 is expected to be 8.5pct which is a net gain of 3.9pct - the best thing about this is that it is going to people who traditionally shop at Marks - inflation overall is now less than wage growth - all in time for Christmas - the trading update in January will be spectacular - follow the money.
gla dyor etc
I totally agree Carrington, i can honestly see at least Ā£3 per share after the Christmas results.
The pre-orders for the christmas food has gone through the roof.
There are certain items out of stock already.
Toffee - this is exactly why I did not sell on results - I can see the potential here with momentum loaded positively on MKS just prior to the most important time of the year for retailers, when the most money is made - Cheryl can obviously see the same - that is a sizeable buy at what many punters would say is the short term peak in the share price - those in the know know - follow the money
gla dyor etc
Cheryl Potter, non-executive director of Marks & Spencer (MKS) has bought 50,000 shares at 247p for the total value of Ā£123,500 on 8 November.
Potterās move is unsurprising considering Marks & Spencerās first half results on 8 November which saw pre-tax profits jump 75% and the shares rise 9.5% on the news.
This can only be good news.
Marks & Spencerās CEO Stuart Machin said the companyās strategy was on track for Christmas but remained cautious for the second half of the year.
Potterās purchase perhaps expresses confidence that the FTSE 100 shopkeeperās strategy is finally working.
For some that 1p represents a 1% yield on their investment before you even consider the capital growth from the share price increase. All in all an excellent investment and still with considerable upside. I was always going to be happy with 1p. JJ
I'm in two minds - I don't know whether the price will drop after the divi, or whether the meagre 1p is not worth the hassle and investors will hang on an leave them to just acrue in value and look forward to a better divi in April? (plus a bit of an increase due to reinvestment of the divi in some cases - but not much to be re-invested at 1p)
Good morning, I am rather expecting some profit taking and a drop in the MKS price. However there is a case for the share to continue on its upward trend. Certainly an interesting time for M&S. Good luck to all holders. JJ
Morning Toffe, looking good so far, my hope for the week is to simply take and hold 2.50, 1% a day would be welcome.
Morning everyone, we briefly broke the Ā£2.50 point. Fingers crossed for a great week
A most profitable week I must say!
Letās rejoice in that!
And congratulations to the M&S marketing team for the most viewed adverts ever, fantastic job!
Have a fabulously splendid weekend all, cheers!
Its the first afternoon for ages that the American Market hasn't dropped the price a little at the end of the day, so I see that as a rather positive sign too! I've doubled my value here over the last 3 years - adding quite frequently - (not always on the lows, alas) but I still think there's more to come so I've taken a small chunk of profit out to use up my mortgage overpayment allowance, make me feel like a sensible grown up, then sit on the rest and hope it increases.
The analysts comments are very encouraging. I bought in at Ā£1.10 and have more than doubled my investment. I have no negative sentiment towards M&S and the broker forecasts will hopefully be accurateā¦ my remaining holding will Iām sure be very profitable going forward. But with two wars raging and the current economic turmoil we are experiencing I feel that profit isnāt profit until it is crystalised. Good luck to all who invest M&S.
I think the market is to unpredictable at the moment to set price targets.
Bottom line is that MKS is very likely to outperform the market.
That makes it a hold for current investors and a strong buy for new investors.
We stick with a strong Buy but our 300p target price is probably too low on a 12-month view.ā
https://www.ii.co.uk/analysis-commentary/ms-shares-what-analysts-think-plus-latest-price-targets-ii529826
Sell*
Agreed. Why anyone would see now is beyond me.
āWater the flowers and cuts the weedsā springs to mind.
Just want to say a big well done to all the lth's on here - I did say the results would be good and they were and then some - I expect there will be profit taking, maybe a retrace in the coming weeks but personally I will not be selling - the recovery story here has only just begun imo - Marks now has momentum with old Debenham stores being taken over just in time for Christmas I expect record profits - bring it on
gla dyor etc
Jpm have a long history with the chair of Mks going back to Asda days
JPM change their target from 170 to 260 with a recommendation as neutral but a rating type as downgrade? Am I missing something? Worlds gone mad.