Member Info for 1ontheup

Has the AGM ended? If so were there any other updates apart from the August online piece? Thanks

Wise choice Fender, better to keep it for after the AGM IMHO. I don't hold any M&S at the moment after selling everything at 407. I'm keen to get back in but not under these conditions of uncertainty.

Fender, at time of writing the SP is just 0.23% away from your 350 trigger buy. I bet you're glued to your screen at this very moment debating with yourself whether you should pull it or not, correct? 😂

It makes no sense but the volume looks low today and this article could be influencing the algorithm. JPM has reduced the price target but it's still overweight with a 30% upside so 🤷‍♂️

https://www.asktraders.com/analysis/easyjet-shares-take-off-jpmorgan-trims-target-sees-30-upside/

Https://www.investorschronicle.co.uk/content/2e5005b0-7a2a-4953-98cf-95976f62a2cd

David, you're right. We ned to see what comes out of the AGM. If they only repeat what we already know then I would suggest that it would be a red flag. If they give a full update then my trigger finger will be on the buy button regardless (but hoping at a lower price than before the AGM).

And just like many on here, he was miles off😂

For those who like to exaggerate the SP, High Stock is running now in the 17:35 at Ascot 😂👍

Good luck retirement, I hope your bet is successful. Personally I would never go in heavy just a few weeks out from an AGM knowing the headwinds and what might come out of it. Retail stocks are tricky at the best of times. You might find that this second "heavy" tranch would have been better waiting for the minutes of the AGM, so we'll see. I also find it a bit strange, given everything I mentioned yesterday and the macro environment, why you would double up after only a 1.5% fall?

The problem with the M&S SP at the moment is that there is a cyber train coming down the track and when it hits it's going to hit hard, perhaps much harder than has already been announced. And what has already been announced has a big question mark over whether it's all covered by insurance or not. The attack hasn't finished here because they are still struggling to adjust/find their feet. On top of this there will be stock write offs, lack of visibility with suppliers etc etc A complete mess. And if clothing does come in shy, or food not at expectations, investors won't be saying "oh that's because of the cyber attack, never mind" but more likely questioning whether the business is starting to flounder again. As I've said before, I'm not coming back until I see clarity on the road ahead and that the cyber train has done its damage and we can move on.

@Budd, my fellow Welshman/woman, absolutely. He’s judging the future based on this win but the reality will bite when they release how much stock they have had to write off/discount in clothing & food. It will be huge and it won’t be all covered by insurance because how can you say it was down to the cyber attack and not due to people not liking their clothes for example? I will be back in but only when the time is right

Https://www.telegraph.co.uk/business/2025/06/06/ms-food-sales-growth-collapses-cyber-attack/?msockid=00a70e86267468501be51ae327a66967

@Carrington, I think you might see the 354 sooner rather than later, even the 345. The general factors will be the overall markets pulling back (I feel there is pent up pressure there and the jobs report tomorrow might be a catalyst) and also Tesco's results next Thursday and the potential commentary about price pressure, in particular from Asda whose strategic headwind is still lurking in the background.

I still haven't re-entered and I'm not going to do so until there is a clear direction of travel for the SP. I think this stock will drift along, probably to the downside, over the next months or so until the full impact of this cyber attack washes out. If you look back at the SP since October it hasn't done anything. If you look at the trailing PE then M&S looks expensive. New investors looking for opportunities might see these as negatives and may favour other comparable stocks. Most analysts are predicting over 400p but that is an estimate with a 12 month horizon. I think those calling for close to that are going to have to wait a while.

Agreed. This time it was spot on.

So did a bit of Shopping at the M&S in Cribbs Causeway yesterday morning around midday and was surprised how many people were in there. No evidence of chaos or missing items or food. You’d never think they were having issues. Online is obviously another story which I can’t comment on. I still wouldn’t buy until a full update is out there, even if the SP enjoys a bounce from tomorrow’s results because I wouldn’t trust the after. GLA for tomorrow.

JDS, as you know I’m with you on this. It’s one of the main reasons I opened a position in M&S a few years back.

@fender, I kind of agree with you. If they come out with a relatively positive outlook with some clarity and the share price goes up then great and I’m back in but my feeling is, like yours, it will go the other way. Personally I’m not normally nervous before M&S results day but this time I really would be. If I was going to trade it I would go in small or reduce my exposure. GLA

I will be in the UK on business next week and will be staying near an M&S in both Bristol & Cardiff so plan to have a look at the latest fashion offerings with the idea of taking home a few items and also some of my favourite cooking pastes etc. It will also allow me to see at first hand what all the fuss is about. I saw on FB yesterday where they were advertising a table cloth that there were comments by M&S apologising that some stores don't have everything that people are looking for at the moment and also that they are working very hard to get operations back online so evidently things are still not back to normal and they continue to take a beating :-(

Forest, I agree. That rag is like GB News, created for people who love to be angry about the world around them.