Member Info for Carrington

Correct Neil too expensive at 248p maybe not at 224p - a 10pct discount old chap
good weekend
C

For sure Neil - "U.S. investment firm Apollo Global Management has been "running the rule" over the British clothing
and food retailer." - that was back in November when the share was at 240p and finished the day at 248p on that bid rumour - share now at 223/224p - Momentum with Marks on food and clothes and the bid is in there for free - nice weekend matey
gla dyor etc

Just added a sizeable tranche at 224p - hey Neil nice to see you back in matey, you have made the right decision imo.
gla dyor etc

Correct EC - MKS was trading below 180p 3 months ago - bound to be profit taking at some point and that point was today - I am not particularly concerned and added to my holding today - MKS has always been a 3 year play for me and my target is north of 4 pound - not too worried about people cutting back on their spending going forward - MKS benefitted the last time that happened as people stopped eating out and got Marks food in instead - with regards to clothes, imo MKS has improved market share as they now pitch their clothes on their website directly next to Hobbs, Sosander etc which are higher in price, concentrates minds that does - I can see them increasing their market share here not losing it - I think people who have sold out here today will regret it come the 25th May when the final results are announced, with a return to a dividend and a return to the FTSE - All in my humble opinion so please dyor

Limit order filled at 235p - happy to add at that price -

gla dyor etc

Limit order in at 235.5p to cob today

gla dyor etc

Inflation card being played here by brokers to flush out pi's messing their pants on a 5pct fall - seen this scenario play out many many times before - one factor that CANNOT be ignored though is the momentum is now massively with MKS, taking market share in food and taking market share back in clothing - I will be looking to top up here on more weakness
gla dyor etc

Heavy buying going on around the 240p mark, so that looks atm like the resistance point -
dyor etc

"Clothing & Home sales increased 3.2%. Full price sales grew by 45% as we maintained our trusted value trading stance, reducing the amount of product sold on promotion by 66% and stock into sale by 21% compared to 2019/20." - This confirms the research I did a week or so ago - less items left to sell means more sold at full price - food was always going to be a given and so it has proved, whether the clothing improvement is enough to see us go north is another question as I am not sure what the market has already priced in on the run up to these results - we will find out shortly
gla dyor etc

Good figures from Sainsbury this morning - augers well for MKS today - lets see

Marks smashing the rest - see guardian report below - best part about it is Ocado will be opening even more CFC's going forward so the growth in online food is only going to grow more from here as MKS can keep prices cost effective with the use of the Ocado robots whereas Tesco Aldi et all cannot as they have to pay staff - kerching

https://www.theguardian.com/business/2022/jan/11/m-and-s-christmas-shoppers-high-street-aldi-lidl

I think the narrative towards telecom stocks is now starting to change as funds seek dividend plays resilient to inflationary pressures which can also be seen as a safe haven - VOD storming ahead also today - if we get good results on the 3rd Feb I am looking for north of 220p
gla dyor etc

The share has gone up over 10pct alone in the last week and I am now slightly concerned that there may be a "buy the rumour sell the news" scenario on Thursday - it will depend as it always does with MKS on clothes - if it can be seen that MKS is taking market share and keeping margins then it could be a good day - if not then there could be a correction on the cards - I will be looking to add on weakness - all in my humble opinion so please dyor

Stellar performance by MKS this week - positive ending at cob on Friday usually means positive press comments are due at the weekend as people in the know don't like to leave money on the table going into a weekend - I have seen this play out many times with companies due to report so I expect good noises coming from the main players (Times, Telegraph etc) - I went to Bluewater today with Mrs C and there was virtually nothing left on the sales shelves - augers well for next week ! - good weekend all
dyor etc.

"Next rings up bumper Christmas but warns of price hikes ahead" - Guardian headline a few hours ago - this is why Next is falling today - if MKS state the same story in their trading update the shares will fall no matter how good their figures are - the market will hammer any negative as it has done today with Next - I hope Rowe doesn't major on inflation/price rises going forward in the statement!!!
gla dyor etc

Sea of red on the FTSE today but I wouldn't be surprised is VOD finished blue - tech stocks being hammered on inflation concerns and money now going into solid undervalued divi stocks - let's see how it plays out
dyor etc

Concur MSM - Next should fly this morning - assuming no adverse reaction from Dow and Nasdaq bombing last night then it should be another blue day
gla dyor etc

Good retail numbers out today pushing MKS higher JJ - Further progress before the results will depend on sentiment re Next results tomorrow - if they are well received we could go higher, ultimately it all comes down to the trading update next week, if it is good which I think it will be then we could go north of 280p imo -
gla dyor etc

Best wishes OWLS for a speedy and positive outcome

Echo Neil's post JJ - keep fighting matey and my best wishes to you for the best possible outcome