RE: 352 really !? Same price as 7 months ago19 Feb 2025 08:20
Hi Fatsuperman in reply I enjoyed your post a good read and yes of course I’m aware my observations will affect all retail competitors in the coming year not just M&S they will all struggle to do better in a very competitive costly market but at least as you point out on a level playing field, this will give some comfort.
What I don’t approve on here is the on and on positivity every day no matter how bad the stock does posts saying Things like M&S up 30p since January whoopy ! yet never a mention M&S down 60p ! since November If you bought in January well done but many bought at 390 + not so great for them ,also 11p a massive 3% down yesterday this almost a whole years net interest on savings for some retired folk like Me! and that’s in just one day ,what was all that about ?? You can’t blame the market this time LSE as FTSE didn’t lose anything…also little mention of the crash from 405 down to 320 in just a few weeks ..
I so wish all you LTH well ,I assume 90% have done well on M&S especially since the 95p days 3 years and this is great , I too done good but my game though a little exciting on a daily basis it comes with danger as my margin are small and costs high but the rewards over last 12 months have been excellent!
Fats I have taken your points onboard every day is a school day for me ,played the stocks for 40 years initial like your good self a LTH paying a broker commission,till I discovered cheap online trading 20 years ago and never looked back ,but on my tax return 2 of these years I lost one very badly but as some here pointed out of course you can’t win em all .
Although personally I’m a trader not LTH I’m kinda both as my family company where I am the major share holder has just handed its portfolio over to St James Place to manage as directors getting too old now ,OMG that has been some paperwork for my brother beleive me , 37 different holdings involved many held for over 30 years receiving an average annual dividend income of around 2.5% …This handover has been so long and drawn out I assume to protect against money laundering, they needed the life story and history of all 7 directors.
Stoping now for fear of you all to sleep and ty for your time
Best Fender