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Next results good and guidance kept and big gains for the Dow last night - should auger well on the read through for MKS today, lets see
gla dyor etc
Thanks Sunbeam. I'm a newbie to MKS - only buying from November onwards - and I'm very optimistic for their future growth.
W13Ken - Just a note, its always a Easter Saturday, before Easter day which is always a Sunday (The date may change but its always Sunday Easter day ) ;) ;) - I always by my Easter from M&S
Cheers kowi. Easter falls early which should mean that a lot of Easter sales will squeeze in before the end of the Financial year (I believe it will be Easter Saturday this year).
Dear all.
Just a little ressurance for us. It's main paragraph from my site general manger, published today 12 of March.
''Hello everyone,
Just as we step out of Valentines week, we now enter Mother's day, followed quickly by Easter. We have had a strong start to this year, using Christmas as our baseline for safety, great service and cost control. So far volumes for Mother's day have far exceeded our expectations, which is another clear indication that the business we now work for continues to beat the market, whilst it progresses with the rebuild plan to continue to give value to the customers and shareholders.''
All looks good as I said couple days ago.
DYOR
The fight for market share always dominates the grocery sector and is the biggest control on margins.
Its important to see where the main action is, and at the moment its certainly with basic products - even more so than usual.
The fight between the discounters and the big four now seems to be turning a corner with the big four likely to come out on top as the one trick pony discounters likely go into reverse market share.
Meanwhile with Waitrose in a tail spin and the big four hunting for all the margin they can get on non basic products these are good times for M&S with their bias towards the top end on the market.
Do they know? They know.
Since Christmas we haven't slow down. Volumes are honestly higher compar to LY. And now we had just finished another busy period from Valentine's Day through International Women's Day & Mother's Day . But its not the end cos we're aproaching into Easter week. Through all this time we have been exaptionally busy where sales volume have been masive. Just after Easter we might be a bit sluggish but this is another chalange for M&S. So far we are doing well and Im sure we can also beat our summer trading figures too.
RBC raises Marks & Spencer to 'outperform' ('sector perform') - price target 300 (285) pence
Looks like we are turning a corner after the sell off at the start of the year. I'm not a chartist... But I think we will get back to 260p pretty quickly and then it may get interesting
MKS is up nearly 20p in few days and more to come
RBC raises Marks & Spencer to 'outperform' ('sector perform') - price target 300 (285) pence
The trading update from Ocado Retail on the 26th March should make good reading.
MKS has been marked down from January onwards, on the back of the assumption that they would not be able to maintain their grocery sales after the Chrismas period had finished as that is what traditionally has happened, but this is not the case as these figures show - I added last month and will continue to add on weakness - MKS has significant momentum here, not just in food but also in clothing - momentum is a powerful thing - Just ask Waitrose, which has been decimated by Marks recently - a rerate will come down the pipe here imho - patience needed until the next set of results
gla dyor etc
Good news for both companies chilting.
My wonder is how much of the M+S increase is self generated through people shopping directly in M&S stores and M&S Simply Food outlets or how much of it is being generated through the sales of M&S products via the Ocado website and delivery service. It has to eb a bit of a coincidence that both numbers are trending high at the same time, don't you think.
Anyway I trust both CEO's will be happy with those numbers.
Marks & Spencer Group Plc: Redburn Atlantic upgrades to buy from neutral with a price target raised from GBX 260 to GBX 305.
https://uk.marketscreener.com/news/latest/Analyst-recommendations-Dell-Domino-s-Netapp-Okta-M-S--46092944/
Thank you b@xter
This is from the Telegraph report -
"Marks & Spencer’s grocery sales are growing faster than Aldi and Lidl as a turnaround led by chief Stuart Machin gains traction.
Industry figures reveal that M&S was the fastest growing traditional grocer over the last 12 weeks, with the total take at its tills rising by 11.9pc compared to a year earlier.
That compared to growth of 6pc at Aldi and 10.4pc at Lidl, according to market research company NIQ.
Only Ocado’s sales rose faster, rising 12.2pc on the prior year"
Its good to see Ocado Retail also performing well - full credit for most of that improvement is also down to M&S.
Nice, thanks for posting. Other data was maybe a bit mixed for food sales but this looks like it was mixed in our favour :)
Https://www.grocerygazette.co.uk/2024/03/05/ocado-fastest-growing-grocer/
Has the long awaited Spring arrived? I think our girl was just waiting for the weather to turn so she could put on her new M&S trainers and continue the run she was on last year.
Fingers crossed and GLA
Full report out now:
https://brc.org.uk/insight/content/retail-sales/retail-sales-monitor/reports/202402_uk_rsm/
Full BRC report is not made public until later today but looks like some good data supporting a lift this morning.
This link looks like a good summary in the meantime (including Barclay's credit card spending), seems to be department stores and home & dining uplifts rather than clothes that are driving things this morning:
https://uk.fashionnetwork.com/news/More-evidence-of-weak-retail-as-barclays-and-brc-say-fashion-has-tough-month,1611055.html#chanel
Basically if you invest in UK listed shares, MKS is still an excellent option.
Although the macro is still dire and its still raining.
You just have to hope that the sun starts shining soon.
If the share price does fall to £2, which is a possibility, in the absence of a trading update, then expect some corporate activity , whether in the shape of institutional buying, or a takeover approach.
MKS have hugely improved their business over the last couple of years. Footfall appears to be on the increase, except February, due to bad weather. There is still a lot for management to do, particularly on the clothing side. More new customers are trying their food and there are hundreds of petrol stations that have M&S Food.
I believe it is the 10 week news vacuum until full year results which may be driving the drop, which I hope is temporary. One certainty is that I will be buying more shares if the price drops much further