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Can it go beyond the highs of £2.90?
Approaching.
Evening JJ, nothing wrong with being cautious. I'd agree with broker rateings, they're wrong more often than me but always good to see them higher than current SP, to be fair half the time I only copy and paste as I saw the notification and thought it might save others time opening, a kind of public service 😅
Divi will be interesting, will it be cautious or send a message we're back? Also hoping to see something regarding Ocado and getting M&S livery on the van's...nothing to do with me buying in there this week 🤔
Good luck and good night.
Fforest I wouldn't take any notice of broker ratings and especially so close to FY figs. A week today we will discover just how well MKS is continuing to perform and whether we can buy more with a high degree of confidence. I shall be very interested in what is said on the dividend front. Perhaps I am too cautious. JJ
Barclays raises Marks & Spencer price target to 315 (300) pence - 'overweight'
Has been rising so no one is safe. Ocado nice rise.
Net income maybe £560 m @ multiples of say 13: £7,280 b m/cap or circa 355p, would be my thought after results 22 May, maybe a build up and increases over 4 weeks after, plus improvement on inflation and interest rate drop in June-maybe
Full year results just over a week away, time for me to consider my options short and long term. I need to reduce my holding this month, just those I bought in December, do I sell before or after news? SP is up 8% over 6mths and level with end of December and with 5 years ago, down c30% over 10yrs, surely we're in a far better position. I doubt results will be a surprise, they'll be great and perhaps priced in but I don't think so nor other factors, Ukraine and middle east perhaps, falling inflation and expected rate cuts? Improved market mood and sunshine? Debt should be massively reduced not that it was significant and then theres the divi, 5-10p, will the market like it and any outlook statement, please be positive. My gut is telling me to hold for results if we're below 2.85 but if were 2.90+ next week I may reduce then.
Long term, 1-2yrs, where do i see this going, do i cash in and just put it in the bank? I'm thinking we should be atleast 5% higher by the end of May and that would leave us 5% off £3, will we see that over the next 12mths and equal the banks 5%? No question in my mind, confident we'll be over £3 before the longest day and stay there, 6mths ago I thought 3.30 would be hit within 12mths and i still do, so it's a hold for me there.
Good luck whatever you decide to do.
I have looked at the new range of clothing and done some research, - it seems to be selling well - the results as always will come down to clothing sales/margins - food is a given and we know full well MKS have taken and continue to take market share - personally I think momentum is now with MKS and clothing will have retained its margins and increased market share - if this is the case and factoring in a pickup in the UK economy, the share is going plus 3 quid imo - the fly in the ointment may well be the monetary settlement with Ocado - need this sorting before results to eliminate any doubts going forward - all imho
gla and good weekend to you all
B@xter I am not interested in making predictions as right now I'm very happy to wait for the results. A nice div would be great but not going to predict what that might be. Good luck to you and everyone on here. JJ
PE a little lower Tesco currently and certainly lower than Next, so hopefully good results not fully priced in. Jimjam what's your thoughts on the sp this year. I was thinking 3.50p but perhaps that's a little over optimistic given the fallback we've seen from 2.90p.
Good results are already priced in so the actual figures will need to be much better than the market expects otherwise we can expect the share price to fall. It will be interesting to see what they do in terms of dividend declaration which could improve market sentiment. Not long to wait. JJ
A 9.3% untick on sales for our traditionally quietest period of the year, fantastic, admittedly it doesn't say whether that's value or quantity as factoring inflation will dampen value but key is the performance vs the main food retailers. Looking forward to results, already was, and hope we also see good increases in other departments.
Gla
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