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It's an occasional glitch in the LSE system, happens a few times a year and is across the whole platform. Sometimes they catch up with the data feed later in the day but there are a few like this where they just never appear. Agree with your approach to always have other sources you can rely on.
Looking back on the recent RNS history of MKS, I notice that there was a holdings declaration on 12th February which does not appear in the “Live RNS” heading
https://www.londonstockexchange.com/news-article/MKS/holding-s-in-company/16329064
I have set up RNS alerts for all companies in which I own shares and this RNS was delivered to my email address in the usual way.
The company acquiring the shares is RWC Asset Management and there does not appear to have been a previous notification according to the form submitted on 12th February.
A new holding of just under 5% is excellent news, especially as the financial press are talking about potential interest in MKS.
Just don’t quite understand why it hasn’t been logged under all the other RNS announcements on this page.
A PE is just that, a ratio. It should never be used in isolation to determine value as it doesn’t include many other metrics in determining value.
Regarding my message about private equity and the appointment of Cheryl Potter
https://www.proactiveinvestors.co.uk/companies/news/1041238/currys-bid-battle-highlights-m-a-potential-for-dr-martens-m-s-dfs-and-halfords-1041238.html?rel=scroll
Retail sales data:
https://www.ons.gov.uk/businessindustryandtrade/retailindustry/bulletins/retailsales/january2024
Retail sales figures out today which beat expectations - I would expect MKS to go north today on the back of this, let's see
gla dyor etc
It's a waiting game again. Entry point is around 212ish before trading announcement. Hope we bounce back to required level before May.
Https://www.retailgazette.co.uk/blog/2024/02/ms-puma-reebok-sports-edit/
Not sure if someone is going to find this useful but they exactly know what they planing in near future.
Today I'm delighted to announce a couple of leadership changes as we continue to reshape M&S for growth.
Firstly, Rachel Higham will be joining the business as our new Chief Digital & Technology Officer.
And secondly, Mark Lemming, who has done a brilliant job leading our Clothing & Home Supply Chain & Logistics over the past two years, will step up to be our new International Managing Director.
Both of these roles will sit on our Executive Committee, reflecting the importance of Digital & Technology and capital-light International growth to the next phase of our transformation. As I set out at our recent Capital Markets Day, we have more to do in both of these areas and so much opportunity.
Rachel and Mark are fantastic additions to our Executive team and I am confident that, with their leadership, we will accelerate the pace of change in the business as we reshape M&S for growth.
And everyone selling minimum 6k to benefit from TY CGT
Decision to acquire shares = 6 months from final payment, then max 90 days to move into ISA. Staff with higher volumes will be moving into separate ISA's during March and April, thus, potential for more movement around tax year end.
However, looking forward to more growth here, so we'll be keeping hours (unless the boss tells me different? a lot of holiday brochures around the house:()
So should we expect the profit taking by staff to come to an end shortly and the price start recovering? Does seem like they drift down during the UK trade day, then get hoovered up by the American market later in the afternoon at the moment...
I have it on good authority a lot of staff sold their shares in the last month or two.. there was a lot of talk amongst them if and how it would affect the share price if any.
At around 2.37, while the FTSE 100 was down nearly 23 points. Could MKS be over the worst of the profit taking and negative sentiment? We will wait and see 😬
Https://www.retailgazette.co.uk/blog/2024/02/lidl-fastest-growing/?
Update on thoughts from my post below on 1 Feb:
1. The news vacuum until next results is definitely not helping, particularly given the amount of uncertainty in the macro at the moment. Barclay’s £3 target is perhaps a bit lazy given where it topped out recently and they don’t give a time frame for that to be reached (at least not publicly) but would not be surprised to see that attained again later this year.
2. The retracement, which was clinging desperately to the base of the long uptrend for a few days, has now broken through and has therefore moved from a retracement to a reversal. Unfortunately that has confirmed a downtrend that makes the completion of the rest of the pattern more likely IMO. But wait, there’s hope…
3. The 200 daily moving average is still rising from below and that could potentially offer strong support at around the 225 mark, perhaps sometime next week? That would also mark the closing of the gap created by those lovely HY results on 8th November. However (why is there always a ‘however’ just when the good news appears?), if the 200 doesn’t hold then the final stage is in play. Similar to the retracement holding the uptrend the last few days, I would not be surprised to see the SP going sideways along the 200DMA for a few days as well, however (told you), if it doesn’t bounce from there and instead breaks under:
4. The denouement could be that it completes the pattern down to 203, closing the gap created by the TU on 15th August as it does so and then tries to figure out what to do next. Given that’s close to 200 I would not be surprised if it respects that psychological level, hovers around for a while perhaps around the end of this month, and then starts a new uptrend looking towards the FY results in May. If PE was interested that may be the point where they come in play???
Or not, you pays yer money and all that…
Let's hope so 1ontheup although she did by 50k shares at £2.47 so has some work to do.
Mmmm, anyone guess where these will bottom out, I suppose the answer is - until they become an attractive bargain, personally IMO, I thought around 2.40 would be roughly the bottom after its rise… maybe/hopefully it’s close to it now? Holding long term so I’m not too concerned. Not pleasant to see though.
Regarding private equity, this is what I posted 2 Feb 2024 13:16:
One thing that attracted me to M&S was news a couple of years ago about interest from the private equity company Apollo Global Management. When M&S appointed Cheryl Potter to the board last year this made my ears prick up. On her appointment, Archie Norman described her as "a superstar of the private equity world". I was already invested in M&S but I couldn't help thinking that maybe appointing a PE insider could help them get the best deal in the future.
I think it is just the UK Economic Macro atm David - interest rate reductions look like they are on hold, which dents sentiment and shares that have risen the most in recent months are retracing - in retrospect I should have waited to add sub 240p but I didn't think it would get there - will now look to add more if it falls further - in terms of bids/ takeovers - you can see that playing out in the UK right now - only yesterday Barrat took out Redrow - some ftse and mid 250 stocks are now back to their Covid lows so takeovers, bids etc will become more prevalent with UK stocks going forward imo.
gl dyor etc
Carrington: just can’t work out what is causing so much downward pressure on the share price given what we are hoping to see in May when the full year’s accounts are published. What snippets of information that have been published, including Barclays reiteration of £3 per share, are all good yet the share price continues its inexorable decline
Much further and I believe MKS could become a bid target from a private equity fund looking to maximise the potential from the food side of the business.
Added today at 242.3p - was waiting for sub 240p but I am happy with this price - analysts were questioning a few weeks ago if MKS could hold onto its market share in food and that this had subsequently led to the stock dropping around 15pct from its highs - looking at the NIQ data yesterday momentum in food is still strong, very strong - that is good enough for me to add here with a target of 300p plus.
gla dyor etc.