Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Easier, safer and from a M&S point of view saves a lot of CAPEX building 100s of superstores they now don't need to expose themselves to the UK family grocery market and OPEX in terms of unnecessary rent and rate costs.
The out of town supermarket strategy is a costly thing of the past I can see most of them becoming housing estates over time.
Then they have a lot too learn the new range is likely to be between £1.10 -£1.20
Exactly this is why I have swopped my BARC for RBS and will swop it back again when it swings the other way .
May soon become "Never in the 90p's Ever Again. "
Average broker valuations £1.30 - £1.75
Fact is we have bought 50% of Ocado Retail 6 months ago and since than sells have gone up 40% .Seeing as there isn't going to be a vaccination by September 1st to would be reasonable to assume consumers online weekly shopping habits will continue at that level and may even grow.
So not only have M&S entered the online grocer business they accidentally did so a few months before the sector experienced a 40% surge,making the £750M paid look very discounted .
Given that was posted 3 months ago before Covid 19 , MTR are 1.8p ATM , NAV 2.3P and GGP SP 9P I wasn't far wrong .
M&S have proved their critics wrong .
If its true that online consumer trends have been accelerated as a result of Covid-19 , last Septembers £750M joint venture deal with Ocado is starting to look 40% discounted .
"It will close between 78-82p.....Dyor etc"
"8p left to go.
Once sub 80p and I get few....cheers"
"I think the next result will be very bad. Food & Clothing, then the sp
Will suffer badly, gut feeling, we could see sub 70p....
I am watching on the hope to buy at 70-80p range, will
Add in drips whenever (IF) the sp is lower than 80p.
Please DYOR...ALL IMHO."
LOL
Why LOL?
Because your posts make me laugh!
94p now .
Level 2 ...... 93p and rising ..... I think you might have missed your boat son...
LOL
That Mail on Sunday tipster has a lot to answer for too...DOW Futures up over 1% so far today.I'm looking forward to seeing yet another M&S surge above 97p this afternoon .
"The Ocado joint venture relationship is an integral part of our strategy to bring M&S Food into the online and home delivery market which we expect to be even more vibrant as a result of the crisis. Since the formation of the joint venture Ocado Retail has performed strongly and following lockdown, revenue in its most recently reported 9 weeks to 3 May was up 40.4%."
Its starting to look like it was M&S that bagged themselves a buy one get one free bargain when it bought 50% of Ocado only 6 months ago.
Yes we sell shorts TOO!
2nd pair at half price !
Its incredibly volatile ATM with huge daily swings .All easy to ignore provided you can stay focused on the bigger picture .Today we have been able to pick up shares at half the placing price that took place only 6 months ago .
A £1B loan facility with the covenant affectively removed is another massive plus here.
But lets face it , its all about Ocado , Waitrose have scored an own goal there IMO.
Share be alright , I think the biggest gamble is to not be in and to be sitting on the side lines hoping things will get worse while you miss the boat.
https://www.ii.co.uk/analysis-commentary/stockwatch-ms-shares-available-big-discount-ii511625
Lots of positive feedback by the CEO regarding the September transition from Waitress to M&S at this weeks AGM Ocado meeting might explain the rise .
Its all about tier 1 ratios and we have loads of it ,I can see us tripling from here if you can wait 2 years.
Agreed I think there are hiding the facts with the endorsement I suspect of the BoE.
In the same way the BoE helped cover up Nationwides issues during the CC but came clean later.
The quarterly trading statement didn't resemble the other banks trading updates last week.
The lack of tier 1 ratio figures, impairment costs etc didn't get a mention. and for good reason I would imagine .
Much better than Lloyds but obviously not as good as Barclays but clearly the bank is not in any trouble now or in the future with a tier one ration of 16.9%.Hard to believe but in the last crisis we bottomed at 10.5p (£1.05 in new money) with a CET1 of in those days of 3% .Very different story today , you can now buy RBS at nearly the same distressed price as ten years ago but at a fraction of the risk.
Note: RBS peak average over the last 5 years is around £3, Lloy 65p and Barc £2.20 meaning RBS offers the best returns .