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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.
MKS still trading at lows based on a theory that they cannot sustain the Christmas sales in food and clothes - this theory has been smashed month on month - shares will go higher from here a lot higher imo - lets see
gla dyor etc
I have bought in.
From what I can deduce Blackrock have increased this week.
Broker sentiment is positive although that means diddly squit.
Hopefully it will rise to between 250 and 300. Who knows.
David,
Try not patronising.
Also, the name describing irrational behaviour on these markets can be taken personally if you wish, however I was referring to the wider shareholders.
I do not understand why folk just fill this space up with wining and venom, if holders have made a decision they should only look to themselves, but also to trust themselves that they bought the competence of the leadership, a market, and a sturdy balance sheet., but also the financial reporting schedule.
Could really do with a short message from M & S providing a brief trading update ahead of full year results next month. Share price is surprisingly weak given reports of very positive trading
Accept there are macro issues which will have a bearing on the share price & market confidence generally
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?
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.
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
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
My Mrs works there, so we have the options, A bunch at 99p and a bunch at £2. So indirectly invested that way. But looking to get in with my personal portfolio, hopefully in the 240p range, but ok if i dont get the opportunity as the options effectively give us over 11.5k of shares. They were both oversubscribed otherwise would have tried to get the full £500 allowance at the 99p as it was a steal. Only got just short of 50% though.
Anyway, she works in one of the stores, there "Forecast", (not sure if the sum of all these store forecasts = the estimate they give to the market) but they were down for £94m turnover for the year, but they have messaged internally this store hit £98m, so nearly 5% over the estimate, not saying all the stores will be like this but I have a feeling the next results (or trading update) will be strong again, just the outlook messaging that could depress the SP.
It looks like the completion is getting its act together with the appointment of highly regarded ex Tesco man Jason Tarry as their new chairman.
I see he starts in September - not a moment to soon for them.