The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Bringing an even better offer to customers
? Preparations for the September switchover from Waitrose to M&S products are in their final stages and on track
? Although any significant change carries an element of uncertainty, we are firmly convinced that the switchover provides Ocado Retail the opportunity to provide an even more compelling offer for customers. This will include adding initially over 5,000 M&S Food lines with more to follow, which will be available exclusively online at Ocado.com (compared to c4,000 Waitrose lines currently available)
? Ocado Retail will also stock c1,600 core M&S Clothing & Home lines per year (compared to c250 Waitrose lines), enriching the general merchandise offer currently available
"Analyst Michelle Wilson retained her ‘buy’ recommendation and target price of 125p on the shares, which were trading at 95p yesterday.
Trading is ahead of the retailer’s Covid-19 stress test plans and normal clothing market volumes are expected to return in 2021."
MKS share price was over 250 last Feb when Ocado deal was announced.
This deal is now more lucrative than it was last year. Ocado are working at full capacity. Not only will M&S own 50% of Ocado retail in September but they will also be making their products available to 100% of Ocado retail customers, food and clothing.
Great to see a couple of positive story's for M&S clithes in the fashion magazines so far this week https://www.google.com/amp/s/www.hellomagazine.com/fashion/royal-style/2020070792938/kate-middleton-marks-and-spencer-white-summer-dress-replica/%3fviewas=amp
Why are you holding if you have no faith in the company and feel its in decline?
You're preaching stop losses and calling people that don't have stop lesses that are holding a so called lie...
Yet you say you're holding? Yes course mate. You're either short or want yourself some cheaper shares otherwise you would not be wasting your time here
Pretty clear what your position here is Pfen, good luck with your short but no need for posting such garbage.
Let's see where we are in September, tidy profit from here for me and yes you will have done OK from your short too if you close early enough
Pfen moving with the market l, sea of red today across my board. Patience is key and for me I'm happy to be getting some cheap shares because IMO this is cheap and will make me good returns in next couple months.
If you're so worried about daily fluctuations then maybe you should consider day trading something with higher volatility as MKS is a snooze fest which for me puts it in my holding pile and happy to keep adding to my holding with any trading profits from my day trading funds
I wondered the same, not even possible to remove a thread is it? Yet this isn't the first time I've seen it happen.
Personally I think its a positive that Ocado are now at full capacity with view to increase in not to distant future. Ocado will be stocking M&S food, thats a platform thats busier than ever that will be selling M&S food and clothing lines.
Marks and Spencers will own 50% of Ocado from September, yes a platform currently busier than ever and at full capacity. When M&S did the deal I bet they didn't expect this increase in sales and for them to own 50% of a business running at full capacity. Ocado share price has doubled during lockdown
Yes hit over 120 but don't want to ramp haha. Sorry for anyone that's holding at that price but hopefully you won't be waiting too long and perfect opportunities to average down. For me this is stake building territory with an easy 10%+ gain