Member Info for Fforestgwmp

Surprised there's still no RNS, caution perhaps, surprised we haven't risen more, caution perhaps.

Hope we here about a revised cost estimate soon, shouldn't be near £300m, quarter update soo the online figure doesn't look as bad?

Gla

And filtered, nob

Neither he or anyone else on here has lost or cost you money, that's down to your own stupidity and incompetence ìn not knowing the difference between a discussion forum (opinion) and professional financial advice. This may be lse.co.uk but you haven't got direct access to traders in the stock exchange, ffs.

You criticise people for certain posts but then do the very same, you also then attack people and don't let it drop.

I welcome all views and happy to disagree but in your case there's nothing to be gained, in fact just the sight of your name is starting to irritate me, I suspect you may be the first poster I'll have filtered.

Buddsoddwr, I'd base it on the next trading update and hope to see the like turned in to increased sales and budd.

It may be some time before I buy more Belgium chocolates!

Hoel

Beat me to it.

https://www.businesspost.ie/article/ms-resumes-online-orders-in-britain-six-weeks-after-cyber-attack/

Gla

Time to buy, £4 this week 🤣

Sure is Falla, likely to hit £4 in the next 20 minutes. 😉

Wrong to suggest we'll see £4 soon but ok to say Amazon might make a TO bid 🤔

5'8"

I hope it gets to £10 next week, I want to take up that investment opportunity with Beos Uncle.

Https://www.thisismoney.co.uk/money/markets/article-14767549/Marks-Spencer-winning-battle-middle-class-foodies.html

Sales at M&S of groceries, its biggest unit, grew by 8 per cent in the four weeks to May 18, according to the latest data from research firm Kantar. That compares with sector growth of just over 4 per cent, meaning M&S has increased its share since it confirmed the attack on April 22.

Good chance of £4 by a Friday, if you know nothing about investing you should buy purely on this post.

Gla, dyor, IMHO, wtfdik, lol 🙃

Thought I'd take a quick look at who TCS are while making a brew. If that's who's taking care of our IT issue then I'm fully reassured and if they're liable for some of our losses then it's small fry to them as are we.

Back to full confidence we'll be well over £4 once we're back online, not long to wait, especially if Stuart has taken his usual 'cautious' wording.

Time to buy me thinks, almost a shame it's a bank holiday, almost!

Gla

If that is the case, what liability will they have for our losses?

I thought UT stood for Ultimate Trade as its always the biggest of the day.

Missed these this morning

Berenberg raises Marks & Spencer price target to 406 (384) pence - 'hold'

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Barclays raises Marks & Spencer price target to 445 (430) pence - 'overweight'

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Goldman Sachs cuts Marks & Spencer price target to 445 (475) pence - 'buy'

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UBS cuts Marks & Spencer price target to 435 (450) pence - 'buy'

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Jefferies raises Marks & Spencer to 'buy' (hold) - price target 440 (370) pence

Have you upset someone again? Keep up the good work

Morning jbs, I'm with JJ on the insurance, there may be haggling in the background but they won't want an open battle played in the courts, not good for business, they'll payout and then increase premiums to cover.

Regards the £300m or whatever it ends up being, I don't see this as something that needs covering by increased profits this year, I'm sure this will simply become an accounting issue with it coming out of free cash which we already have enough to cover it. That way it isn't something that hangs over the business until next May.

Keep calm and carry on, it closed at 378, only place I see 357 is Google and they only ever display the last trade not SP

Agree with your sentiment but fell £5 is a bit optimistic, maybe this time next year, Rodney

Well written statement with headline figures higher than what were already high expectations, what's not to like, £1bln profit next May.

£300m appears high, get bad news out the way so that's it's 'good' news later?

Short term pain to be expected, a great buying opportunity but when to catch a falling knife....Fender, what say you?

Gla

Stuart Machin, Chief Executive

"Three years ago, we introduced our Reshaping M&S for Growth plan with the objective of protecting the magic of M&S and modernising the rest. Executing that strategy has delivered a third consecutive year of growth in sales and market share, profit and improving return on capital. Disciplined capital allocation and a much stronger balance sheet have put M&S on a robust financial footing, increasing resilience and creating capacity for future growth. M&S has net funds of over £400m and we are in our best financial health for nearly 30 years.

We started the new financial year as we finished the last, with sales growth ahead of budget across both businesses. Over the last few weeks, we have been managing a highly sophisticated and targeted cyber-attack, which has led to a limited period of disruption. We have tackled this head on with incredible spirit, teamwork and deep sense of responsibility as we prioritised serving our customers.

It has been challenging, but it is a moment in time, and we are now focused on recovery, with the aim of exiting this period a much stronger business. There is no change to our strategy and our longer-term plans to reshape M&S for growth and, if anything, the incident allows us to accelerate the pace of change as we draw a line and move on.

Over the last 140 years, M&S has overcome many challenges - testament to the longevity of this brand. This incident is a bump in the road, and we will come out of this in better shape, and continue our plan to reshape M&S for customers, colleagues and shareholders.