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Started: b@xter, 29 May 2024 16:18
Last post: neilhumphreys5ya, 12 Jun 2024 16:07
Sorry that was meant to read if triple locked pension stays and interest rates reduce.
Great thank you Carrington, great to hear you are too.
I agree with your forecast, especially if triple lock on pensions and interest rates reduce, sentiment . Investors seem almost punch drunk on geopolitics and maybe feel they expect anything, yet still have to put their money somewhere.
Yes all good here Neil, hope likewise - holding on here for 350p minimum although if MKS continues taking market share I think 4 quid could be on the cards -
gl dyor etc
Really good when hsbc has something to share Carrington, I hope you are well.
HSBC raises Marks & Spencer to 'buy' - price target 380 pence - my advice in terms of pullbacks in the share price is don't worry too much - nothing goes up in a straight line - money going into peoples accounts through wage rises in April and an increase in the basic wage in April will filter through into retail - Marks will be the greatest beneficiary in that it has momentum right now and is taking market share from competitors in food and clothing - follow the money
gla dyor etc
Started: jimjam, 3 Jun 2024 19:03
Last post: fatsuperman, 4 Jun 2024 09:23
M&S m’ share price traditionally has a good build from now until December. So assuming that pattern broadly holds true, and the usual performance and macro economic conditions are accepted, then we should expect a very nice Christmas!
Did anyone see the news that Shein are considering an IPO in London, after being rejected by the US. So they’ve come here with our rather more ‘lax’ approach to financial and corporate governance. What interested me was the massive valuation they were suggesting… £50bn. Turnover something like £25-£30bn, with £1.5bn profit. Interesting times
JJ you can have mine for £4, short term offer valid for 2 months only, £5 to any foreigners
Pleased we've held above £3, even gave 3.10 a nudge, will be happier once we're in high teens to know £2 is behind us. If that happens sooner than expected then may revise my target for a 3.50-3.75 range later this year. Ocado may surprise and gives us a push on the 16th, not much else to spur us on for a while.
Well done PANG. GLA
Anywher near 3.50 and i will be gone. Bought in at start covid, 3.50 woul give me about 200% profit.
At present not showing any Election gloom; no "sell in May and go away". £4 anyone ?? JJ
Started: Corryvreckan1, 4 Jun 2024 09:13
Last post: Corryvreckan1, 4 Jun 2024 09:13
I don't have access to the full report but this is the summary:
https://brc.org.uk/insight/content/retail-sales/retail-sales-monitor/reports/202405_uk_rsm/
A little bit more detail on the % splits here:
https://www.ii.co.uk/news/top-news-uk-retail-sales-rise-in-may-thanks-to-food-and-online-sales-al1717480785912712800
Yes who would want to not consider 2 cent dividend.
Could be a bit of a sell off tomorrow as we go ex dividend.
Started: MakeSomeMoney, 28 May 2024 08:46
Last post: Corryvreckan1, 28 May 2024 20:31
He, he - I had forgotten about that comment. No, not filled with anything, and I suspect those gaps will remain now to forever torment me :(
I see we also now have a new gap from 272 to contend with, and here's me all out of chocolate (*sob*). However, importantly, that was created on results day by gapping the SP back over what would have been the base of the previous uptrend that started back in October 2022, had it continued unabated. This is good, for now at least, as the top of that uptrend channel (which we have rightfully reclaimed) is around where the higher Broker ratings have now projected :)
We have also now closed three days running above the 290 closing high from that previous uptrend, although maybe some hesitation due as we are now at the top of the current short-term uptrend from Feb 24. But if it blasts through then I'm going to have to plant cocoa trees in my garden ;o)
[We do not want to see a gap down soon, no matter how much I want that 272 to be filled - very bad if it does happen and I shall then have to return to rune casting.]
A very good day considering the market, OK less than 1% rise is nothing to write home about but we stayed above the holy grail £3 all day other than a fleeting look back first thing. Hopefully we can hold the line this week, 308 and 312 may be sticky but time will tell.
Corry, have you managed to fill the gap with chocolate yet?
Slow and steady from here. £3 hit. Lots of positive broker notes and articles since the update.
M&S is back
Started: hg44, 28 May 2024 11:43
Last post: hg44, 28 May 2024 11:43
Started: HereKittyKitty, 28 May 2024 07:58
Last post: HereKittyKitty, 28 May 2024 07:58
RBC raises Marks & Spencer price target to 325 (300) pence - 'outperform'
Started: Fforestgwmp, 24 May 2024 09:26
Last post: fatsuperman, 24 May 2024 19:06
A higher dividend will attract different investors and increase the market cap, but the management rightly care a lot less about that as a priority when compared to growth opportunities and structural improvements to the business - which will ultimately mean more in the long run. Very pleased they are focusing on this, particularly given the rather unique situation at the moment - with a lot of large competitors having disappeared from the scene.
Keep on pushing and trying to hoover up that business please!
I'd also prefer to see money spent on growth over divi, although I do appreciate having a divi attracts different investors and that will also benefit the SP so theres a balance to be had. Issue being if you're going to pay a divi it needs to be at a level that will attract them, don't think 2p will.
On a separate issue, a few or us are fans of taking full control of the JV with Ocado, as shareholders would you prefer to see this done from cash or new shares?
Considering the opportunity for growth the M&S has, a large dividend would be a poor use of capital.
Absolutely agree with you JJ!! The management team are so focused & after watching the presentation after the results on Wednesday it’s quite clear the management see huge opportunities to grow the business which will see the share price rise accordingly imho
Div. could be higher but I don't want that. Let the bod spend surplus monies growing the business and in turn the share price is my view. JJ
Started: neilhumphreys5ya, 23 May 2024 15:21
Last post: Carrington, 24 May 2024 08:44
A lot being made this morning of rUK retail sales missing targets - that just goes to show how good the MKS results actually were - the figures everyone should be looking at are the UK Consumer Confidence report which shows a big improvement - augurs well for MKS going forward - follow the money
https://www.morningstar.co.uk/uk/news/AN_1716526548168750500/uk-consumer-confidence-continues-upward-momentum-%E2%80%93-survey.aspx
Jefferies raises Marks & Spencer price target to 330 (310) pence - 'buy'
JPMorgan raises Marks & Spencer price target to 360 (330) pence - 'overweight'
Goldman Sachs raises Marks & Spencer price target to 375 (350) pence - 'buy'
Deutsche Bank raises Marks & Spencer target to 350 (315) pence - 'buy'
Started: hg44, 22 May 2024 18:54
Last post: hg44, 22 May 2024 18:54
The results today for M & S were absolutely stunning!!
Food & clothing wow look at the figures and the margins!!
Very very confident that share price will be over £3 in the next couple of weeks, £4 in the next 12 months. GLA
Last post: Carrington, 22 May 2024 17:12
Baxster - I wouldn't worry about it matey - broker upgrades coming down the pipe tomorrow and Friday - they have no option but to upgrade after those results - remember MKS have increased market share/margins in food and clothing over the past 6 months - going forward, inflation and rates are coming down and with recent wage settlements generally being higher, in some cases much higher than current inflation that leaves even more future disposable income in the MKS demographic - follow the money
gla dyor etc
Yuri.F - You are the kiss of death! :0)
Got to love London for such a crazy SP swing on such good results
Technically third outcome is also not improbable - it won't change (as a result regular trading, suspension/natural disaster, etc.)
I'm not sharing the optimism though, it looks like this is IFRS reporting (hence "fair value" is reported on assets/equity) and looking at capitalization - MKS has crazy valuation: multiples (magnitude) of what they are actually delivering net-profit wise.
m-cap is £5.93B (it's already like they're sustainably delivering around £750+ net profit per annum) with equity £2.8b while in reality net/after tax profit over recent years as "consolidated statement of comprehensive income" for "owners of the parent" position shows:
2024 : +89.2 £m
2023 : -53 £m (loss)
2022 : +584 £m
2021 : -1470 £m (loss)
2020 : +858 £m
2019 : +58 £m
gap of market-valued vs actual profit is huge, although it is not the only company on a market with such anomalies.
It will definitely move the SP up or down. Believe me. DYOR
Last post: neilhumphreys5ya, 22 May 2024 10:15
Huge cost savings to be made with 100% Ocado and JV gone/Gist would play a large part in that and core supply chain reorganisation.
Digital/Ai online website integration with Mks core too would save ops costs too and would help follow the money.
It’s essentially strategically critical the full ownership of the JV gets bought at the right fair value and some agreement on legacy bonuses. Ocado grp need the JV shop window to be a positive spotlight to sell tech, Ocado grp should stick with tech and not shop keeping. Dyor
Would see closer to 3.50 within 12 months, maybe slightly higher if dividend improved and then onto 4.00 if Ocado Retail becomes profitable.
£350-400p based on new P/E forward may take a short wait but it will come. Dyor
Brilliant results and balance sheet ready for an acquisition to help continued revenue growth step change
Some profit taking holding back 3.00
Now 299
Last post: Tame2017, 22 May 2024 09:11
That is quite some year on year shift in the results !
Started: BuddsoddiCymru, 21 May 2024 20:44
Last post: BuddsoddiCymru, 21 May 2024 20:44
To everyone concerned about the current price and tomorrow's price in reaction to the results.. it doesn't matter. In the long-term, a share price will follow the EPS growth. Don't follow the advice of analysts who are seldom correct and who's only concern is short term performance.
Don't let the price drive your narrative.
Started: revshep, 21 May 2024 11:04
Last post: Carrington, 21 May 2024 16:00
It will come down to what it always comes down to with MKS - clothing market share/margin - MKS have momentum and the market will want to see margins maintained and market share grow, that is the bottom line here - I am cautiously optimistic - lets see - good luck tomorrow
dyor etc
I’m thinking Revshep is right the price is already what it is based on fab results tomorrow , I’m also thinking it is spooky quiet ,what do the big boys know that we don’t !!?🤔. I’m also agreeing with all today’s posts , I have grabbed small profit here on 2 trades in the last. 12 days , but sunk my all back in at. 276. Good luck everyone for a happy 22 nd. I’m not greedy happy;to sell at 285 I I don’t play the long game
I am actually glad this has not risen too much into the results. Hopefully avoids a sell off on news which I expect to be in line. They won't over commit on guidance and continue to be cautious....which is the right thing to do but markets are not always rational in their reaction.
Rev, i thought we're meant to believe not hope! Surprised we haven't seen a bit more of a rise this week, perhaps following the Christmas update and subsequent fall there is more caution on the believing side. Still believe and hope we'll see £3 by end of month but suspect it will just be a fleeting glance of what's to come later in the year.
Gla, alarm clock set for 7am.
I fear that all good news is in with the present price. I am fearful that it will drop back on the results. I hope not as I hope to be out on 300p. It may be a long wait.
every blessing
rev shep
Started: MakeSomeMoney, 21 May 2024 10:56
Last post: W13Ken, 21 May 2024 10:59
I'm a relative newbie, just in for 6 months but holding long-term. It is quiet but hopeful for 300p+ tomorrow.
So quiet here - anyone else still holding apart from me!! SP holding steady today on a market down day.
Expectations for results? I'm not expecting fireworks - I will take a slow and steady from here
Started: neilhumphreys5ya, 19 May 2024 18:31
Last post: neilhumphreys5ya, 19 May 2024 18:31
2025 agreement reaches a watershed and a decision is needed by Mks
Shares gonna hit 300+ after update this week imo. Sold a few recently but still got large holding so fingers crossed for a return to a decent dividend
Can it go beyond the highs of £2.90?
Approaching.
Started: b@xter, 16 May 2024 11:30
Last post: b@xter, 16 May 2024 11:30
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.
Started: Fforestgwmp, 2 May 2024 08:22
Last post: neilhumphreys5ya, 12 May 2024 19:45
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.
Started: David7015, 17 Apr 2024 08:31
Last post: neilhumphreys5ya, 23 Apr 2024 11:39
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.
Started: Montz, 16 Apr 2024 14:57
Last post: Montz, 16 Apr 2024 14:57
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?
Started: beatrootjuice, 11 Apr 2024 07:58
Last post: CWWX, 12 Apr 2024 11:05
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.