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Also NASDAQ futures down around 200 points since yesterday's London close.

I think the market is to unpredictable at the moment to set price targets.

Bottom line is that MKS is very likely to outperform the market.

That makes it a hold for current investors and a strong buy for new investors.

I think what ever happens its likely that MKS will continue to be one of the better performers on the FTSE100.

If we get a Santa Rally MKS will probably move into over bought territory.

So selling now would I think be a mistake - just my opinion.

Goinglarge

She is going, its already been announced, but not until Feb 2025 - so plenty of time to do more damage.

This was my contribution to the BBC comments -

"The main reason why M&S are doing so well now is that they have been investing for the future, innovating and opening new stores.

So many of their competitors have fallen by the wayside or taken fright, like John Lewis for example, while M&S have really gone for it.

They set an example that the rest of UK business, society and Government needs to follow."

The overcapacity problem is clearly affecting profitability - this is a relatively new problem.

Also the perception by consumers that Ocado is expensive hasn't helped.

Most of the problems can be explained by what happened during and after Covid.

During Covid it was under capacity that was the problem, also there wasn't the same pressure on value - basically they could delivery up to capacity on high margins.

After Covid as it became clear that online shopping wasn't going to dominate and it was value that most consumers wanted, Ocado weren't best placed, but they were still going all out for expansion.

Hence, we reach the current situation with M&S now steering Ocado Retail towards value but maintaining the edge that they have for quality - the same message M&S promote in their stores.

M&S say today that the corner has been turned for Ocado Retail and I have no doubt Mr Machin is correct when he says that three years are still needed to realise the potential.

Schwee

Not the case - the real profit from Ocado Retail is hidden - it comes from the profit on selling M&S branded products on Ocado.com and economies of scale gained with those products.

Also look at the way Waitrose has declined since they stopped trading on Ocado - they lost out.

As sales increase at Ocado Retail - up 12.6% in the last 12 weeks [Kantar] - the profits will flow again as excess capacity - already paid for - is used up.

Good news from Kantar this morning with Ocado Retail sales up 12.6% in the 12 weeks to October 29th.

Market share was also up.

The only supermarkets with a greater increase in sales were Lidl and Aldi.

Clearly the budget boys are thriving and the upper end of the market is also in very good shape with M&S and Ocado Retail trading very well.

We will see just how well M&S is trading when we get their numbers at 7am tomorrow.

To much over analyst of the SP here - the SP is actually driven by the NASDAQ and especially by future expectations.

If you look at NASDAQ Futures the index is up 788 points on its low on 1st November.

https://uk.investing.com/indices/nq-100-futures

These "Anti TV Ads" seem to be the norm at the moment - its a bad reflection on society.

Worst is the Domino Pizza ad.

Just for the record M&S can get it right - this ad is brilliant!

https://www.youtube.com/watch?v=Sgr8L3qz22g

Its all about sentiment - nothing more, nothing less.

Certainly agree that we could see a Santa Rally but

sentiment + uncertainty = volatility - both ways!

Good news and or hype seems to make little difference to share prices at the moment - all that results is a spike followed by a dip back to the long term SP.

The best we can hope for is that the SP holds value - as it has with TRX.

This has to be regarded as an an achievement.

Hi Neil

Its also important from Ocado's point of view that they they hand over a strong Ocado Retail to M&S because they will be dependent on revenue received when M&S becomes a solutions partner.

I guess the percentage paid as a solutions partner by M&S will be the most negotiated part of the deal and it will probably remain confidential.

I think investors will now look at MKS as a safe bet in a far from perfect market, now that its listed in the FTSE100 and dividends look like they will be back.

This will include institutional investors who will provide some support for the SP even in a falling market - as I think we have seen in the last few months.

As for the Ocado JV - my guess is that we will see another deal in place soon for M&S to purchase the other 50% with purchase payments spread over a number of years, mostly funded by profits from the venture - don't forget the venture has hidden benefits for M&S - profit from own branded goods and economies of scale etc.

The recent fall in share prices presents long term investors with a massive buying opportunity in MKS.

Its very clear that M&S have eventually benefitted greatly from the fall out from Covid - their competitors have closed or taken fright - while M&S have continued to greatly enhance their offering cutting the dead wood and opening new retail space.

The macro has clouded the economic situation but the next few years will reveal the big winners from Covid and MKS will be right up there alongside WTB and others that will be interesting to identify such as maybe DNLM.

I sold out yesterday 909 - another of my AIM minnow investments offered a better chance of recovery after the SP fell back when a large investor sold out.

In hindsight, I think the main problem here was that DP tried to grow the company too quickly with the UK projects, and failed to keep a handle on project completion elsewhere.

Also Covid and the macro bit hard giving him no way out.

Unfortunately the current SP now reflects the value of the company without the value attributed to the tech.

My guess is that it will now delist and be sold.

Yes, the SP has been adjusted back to reality and is now simply following the NASDAQ, devoid of sentiment.

Like all tech and growth shares its still the macro that has ultimate control over share prices.

The big macro hit has dented everything - main worry is the effect an escalating Middle East conflict would have on energy prices.

Actually MKS not faring to bad - it shows, I think, that sentiment and expectations for the future are still high.

Hopefully bottomed out now - started buying anyway - SP at this level is a real bargain.

There is no case for an investment here at the moment - even averaging down.

Wait until the finances are sorted, including probably another round of dilution, and then decide.

In the mean time I think the SP will remain around this level.