Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
I can imagine tier 4 will be coming to more areas in tomorrow's update. Not a bad thing for M&S though, essential shop and removes the competition for the same level clothing sections allowed to stay open. Not sure if it's due to the restrictions but we have never received so many M&S Christmas gifts as we did this year!
The November lockdown was the best month this year for MKS share price and it was the start of the breakout. Marks and Spencer still allowed to trade and take advantage. Its not the whole country this time but Marks and Spencer will be able to capitalise again.
Restaurants etc are closed so more food shopping, any last minute Christmas presents will have to be done in open stores (not many open so Marks and Spencer will be a first call for many IMO) majority of clothing sites have passed guaranteed Christmas delivery slots or have a day left so the stores that can remain open have full market advantage, good job they are opening for those extra hours this week! First choice or last resort people don't have much choice in London now with the majority of other clothing and homeware stores closed, one of the busiest retail weeks of the year and Marks And Spencer have lost the majority of their competitors!
Tree shake first thing then like in November money will be coming to shares that will now be able capitalise on the situation so MKS will hopefully perform well again
Pounds on the rise with increased hopes of a brexit deal, vaccinations now underway. Oxford vaccine (the biggie for UK) likely to be rolled out before year end.
I also expect a Santa rally with MKS results in January. Enjoy the ride everyone! Ups and the downs, we need them both to make money and this market just keeps throwing out the opportunities
Someone still looking for a cheaper entry?
As predicted its been agreed for talks to continue and both parties prepared to go that extra mile to get a deal done. As has been said by multiple people on this board and elsewhere, they all need to be seen as winners having made a deal that was supposedly not going to happen, end the year on a high and all that, fully orchestrated for effect imo
Boris needs a win here. EU trying to punish UK and Boris standing firm, rather a no deal than to be made an example of. EU want to discourage other countries from trying to leave. Cat and mouse, hopefully Boris can catch the mouse!
Always find it funny how the forum is always busier on bad market days and strong days like yesterday hardly any posts, usually same people only appear on red days too...
Red across the board for me today, retail and tech, not just MKS. Disappointing its dropped today but nothing goes up in a straight line. Ocado update today was really positive for MKS with Ocado retail outperforming
Ocado retail performing well with M&S partnership proving very successful. Ocado retail customers continue to embrace the full M&S range with the biggest selling lines coming from everyday essentials in the M&S fresh categories.
As a result Ocado group have again raised their EBITDA to £70million from £60million.
As I keep saying MKS share price was over £2 in January and that was without Ocado partnership and all the progressive changes Marks & Spencer have made over the last few months. MKS share price still very much undervalued
It was above £2 in January, that was with a failing clothing department, aged marketing and very limited online business. Needed changes have been accelerated this year and vast improvements have been made. We now have the Ocado partnership in full swing, max capacity, better than anyone would have predicted.
For me MKS are a better proposition now than they were this time last year. Febs prelockdown levels of 1.80s is a good starting point!
M&s will not repay rates relief, company's that have shown increase in sales and profits have returned their financial help as they cannot justify if after profiting from the pandemic, unlike M&S who recorded a loss. In the long run we will benefit due to the accelerated rate of changes to the business and the partnership with Ocado but M&S sales suffered due to the lockdown which is what the help was/is for
Todays time out was always going to be orchestrated for the big guns to finally get it across the line. Boris knows he needs this.
Tesco haven't suffered from the lockdown restrictions unlike M&S. Tesco profits have soared and they've massively benefited from the lockdown, hence why its not right for them to take the help.
M&S traded at 180+ at the start of the year, without the massively successful Ocado partnership. Still undervalued here and a way to go yet IMO. Have a good weekend all, been a good week!
Pfizer has now been approved for use in the UK
https://www.bbc.co.uk/news/health-55145696
https://www.telegraph.co.uk/news/2020/11/30/nhs-hospitals-told-ready-vaccine-week/
Could we see a vaccine rollout as early as this week? GLA
https://www.google.com/amp/s/www.telegraph.co.uk/global-health/science-and-disease/coronavirus-news-tiers-covid-lockdown-oxford-vaccine-christmas/amp/