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UT was at a premium to last share traded so its shown as a buy, 2.9million shares traded at over £4million at todays high. Also delayed trade at 138.58 for 1 million shares, which is probably what broke the 138 resistance and set up such a strong finish. Looking good!
Ftse to break 6500 then on to 7000 all being well. Long overdue when compared to other markets, DOW at all-time high today, DAX not far behind. FTSE lagging way behind
Very strong finish, closed with a £4million UT at 140.30. Still undervalued considering MKS was 180+ without 50% of Ocado retail, significantly improved online M&S business and big cost savings implemented, for me Marks and Spencer are a better business now than they were in Feb
Share price was 180+ at time of first lockdown, back to that level before Christmas at this rate. In my opinion Marks and Spencer are in a better position now than when we went into first lockdown so I can't see why we won't be above those levels again soon. Now have the Ocado partnership which is operating at full capacity, better than anyone expected! Digital side of the business is vastly improved along with online sales. Futures looking very good and bulls are taking the market by the horns
I think you're right and we will see some serious gains over the next few months. MKS was above 200 last January, M&S now has the Ocado partnership as well as the massively improved digital side of the business with massive cost cutting and accelerated changes made over the last few months, I think we could see those levels again very soon. Investors will be looking for businesses that are still in recovery and good gains to be made to get back to pre covid levels for businesses that have made significant improvements like M&S have
Oxford vaccine looking very promising
https://www.google.com/amp/s/www.bbc.co.uk/news/amp/health-54993652
British medical regulators could receive full data over the next few days, paving the way for the NHS to begin inoculations within weeks
https://www.telegraph.co.uk/news/2020/11/18/coronavirus-vaccine-hopes-grow-30000-volunteers-recruited-administer/
Yes sorry Neil not GSK meant AZN. 40million of the Pfizer vaccine rumoured to be ready for distribution before Christmas in UK then Oxford/Astrazenica vaccine to cover everyone else before spring. Market recovery well in play
Another brilliant update on one of the important vaccines to the UK due to the substantial order in place. Just need a positive update from the GSK/Oxford vaccine which is due anytime now! Markets have certainly turned bullish and looks like the light at the end of this long tunnel is a lot closer!
Investors will be looking at shares that are still at a decent discount to pre lockdown levels. Some way to go here, it was well above 180 at the start of the year, MKS is now in a stronger leaner position than when they went into lockdown and now have 50% of Ocado retail that is outperforming. No reason why we can't be back above those levels soon, recovery play well in motion. GLA
Great article Trojan! Shame its been lost with all the spam today!! Nice to see RWC partners value this above 180p mark. Coincidentally that's where the SP was pre lockdown and for me MKS is in a much stronger position now than it was then so can't see any reason why the SP won't be back above those levels in the next fews months. Enjoy the rest of your weekend everyone!
Yes 250 stores with Clothing and homeware that also sell food so they can stay open, 615 that only sell food so that leaves only 85 stores out of 950 that will be closed.
Very unfair on competition but brilliant news for Marks and Spencer!
Game changer that M&S can keep their clothing and home sections open this time around! While most of the competition will have closed stores Marks and capitalise on that, plus the now transformed digital side and Ocado, this is looking very good! I imagine investors will be piling into businesses that are able to capitalise on the lockdown.
https://www.drapersonline.com/news/ms-clothing-to-remain-fully-open-in-covid-lockdown
The update makes it pretty clear that Marks and Spencer are quickly evolving, if it wasn't for covid we would not be getting the chance to buy anywhere near these figures and the evolution of the business wouldn't have been anywhere near as quick. C&H store now #2 in market, Ocado partnership at full capacity, big cost savings put into place. Only way is up now!
Loss after tax 71.6million. Loss was expected, not like.yountk leave out all the positives Value...I thought you liked balance?? Very happy with that update and M&S clearly in a much stronger position than first lockdown. Liquidity and Ocado investment is worth more than current mcap alone