Member Info for Carrington

Good results for Next this morning - that should give MKS a lift -
dyor etc

RETAIL SALES - Up 13.9pct against 8.3pct expected - MKS should tick up on the back of this - unfortunately the dow close last night has dragged ftse futures down - showing minus 76 atm which could put a damper on things - lets see
dyor etc

The BBC only know one way to report anything these days and that is to concentrate on the negatives - most of that article is out of date and has little to do with what is actually going on at M and S right now - still that is the BBC way - highlight anything negative and gloss over anything positive
dyor etc

Valueplay - bottom line here is cost to distribute food which Ocado through robots can do cheaper than ANY competitor in the UK that currently distributes food as there are less in the way of human costs, - pickers, shelf stackers et al - Ocado currently have 1.6pct of the UK market - Waitrose will no longer have that option from 31st August, neither will Tesco, Sainsbury's etc etc - all these companies will be targeted with better food at cost effective prices, now let me see if I have the option of paying more for Waitrose than Marks food with less choice at my disposal, or if I can pay the same as Tesco for Marks food what will I choose? - the answer will be marks as it does the best food in the UK - that is why marks will be north of £1.50 by the end of this year barring any more macro economic disasters.
dyor etc

I wouldn't be too keen to start comparing boohoo practice in Leicester with Marks - Marks honoured their orders during Covid to Bangladeshi suppliers, something that they did not have to do and indeed Primark, Matalan etc did not - resulting in factories having to work at half capacity - no jobs equal no pay at all - also Marks gave away 10pct of ALL its sale profits to the NHS - didn't see many other retailers doing that ? -

mortgage market going through the roof atm with lenders having so much business they can turn risky business at 95pct and 90pct ltv away - Llloyds will take a massive chunk of this - added this morning at 29.5p
gla dyor etc

John Lewis closing stores and other high street chains closing gives more opportunity for MKS to increase footfall and in some towns now makes them the main attraction - Added this morning at 94.5p
dyor etc

tanking good style now as I said in a previous post when it was at 236p now at 206p - will buy below 2 quid
dyor etc

MKS like most ftse stocks dominated at present by macro economics - china issue/brexit/covid yada yada yada - so will continue treading water until there is some clarity on these factors - lots to be positive though going forward, Ocado 1st Sept, Christmas then on the horizon - if a lid can be kept on cv it should be good for MKS going forward - I am a buyer below 1 pound and have added at this level and will continue to do so - gla and dyor

kassam - the fund managers placing the shorts will have a value in mind of what rmg is worth - say they think rmg is worth 1.20p if the rmg share price goes up from say 160p to 180p then the short funds will buy it as it is rising as they see more margin at the higher price - ie 180p minus 120p = 60p whereas 160p minus 120p = 40p so a margin increase of 20p on their target price of 120p -
dyor etc

Surprised me that interview - TP positive re going forward - didn't expect that -

I expect TP to be in belligerent form in a couple of minutes JB - That should send the share price down a bit more - looking to buy back around 160p - lets see what happens
dyor etc

never wrong to take a profit pp - well done
dyor etc

on balance I did the right thing selling 70pct of my holding in rmg a couple of days before results at circa 180p - having said that, I will be looking to buy these shares back if this share falls to 160p
gla dyor etc

Added at 100.3p

gla dyor etc

These are better results than I thought they would be - will still be a drop - I was expecting 10pct plus but maybe not - lets see

gla dyor etc

Neil - Good to see Marks pitching for Tesco customers on their M and S info sheet to existing customers - if they can take a percentage of them as well as all Waitrose customers then they could be on for a spectacular increase
gl dyor etc

I have sold 70pct of my holding this morning - was going to wait until it reached 2 quid but decided against it purely on the shorts not reducing - blackrock are very rarely wrong and are holding a 3.6pct position and increased on the 16 Jun - the remaining 30pct is pure profit for me so can afford a big drop and will add again if that is the case - fingers crossed that it is not as bad as blackrock are anticipating next Thursday - good weekend to all
dyor etc

Retail sales up 12pct in May, a healthy rebound with online shopping leading the way - I am expecting at least a 5pct tick up for MKS today providing no macro economic interference - lets see
gla dyor etc

See RWC Asset Management LLP just opened up with 5pct plus - cat is out of the bag now with MKS - Big institutions ploughing money into positions lately - this share is going North big time soon - will be looking to add more to my current stake which is around 15pct of my whole portfolio, if this goes sub 105p which I very much doubt.
gla dyor etc