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Owned by Tata Motors. Based in India, great country. Where is the money!?
What a big drop before this and today. Am I missing something or does it have cash and also a viable business. I thought this was factored in at 50-60p. Sitting duck now.
The garages are busy and they'll update sooner rather than later given that last update.
Hello I don't mind an alternative view so long as you are straight and genuine with what you are saying. Maybe people wonder why you seem to obsess about a company you have so little regard or maybe some think you believe you can manipulate things in the hope Ocado buy it cheaper. Personally I think the share price will start to rise this year and in a year, 5 years, whatever, multiples of this share price. Maybe you believe that the future will be a dystopian state of affairs where people never leave their homes. Personally I think holidays and dining out might be impacted for some time but people will shop on the high street and maybe more people in time not less. Marks and Spencer can actually benefit from the status quo. Some people are always doom and gloom about everything but the business has been shutting stores for years moving to food and is moving in the right direction. This year horrendous but a lot of the clothes will sell in future years, they aren't perishable and will sell over time. As I said previously PE followed by Next are the most likely in terms of a takeover in my opinion, although even without that, a lot higher as we go into the year end and in future years. You seem quite tetchy yourself. All the best regardless.
Agree if it can just break upwards it should quickly rise. Every M&S food I go in is always much busier than it was previously plus less competition on the high street. I actually think the high street might make something of come back over the next year. Still firmly believe something more radical will happen here. Have faith in the guys running it, I am sure they will do the right thing.
Good results and a dividend! Well done for keeping the faith!
Agree, good results, it's a well run bank so they were always going to attribute a high level of provisions with these results. Good news about dividends last night as well.
The Group has not yet seen any significant credit losses nor been required to make any significant specific provisions in relation to the pandemic impact. I'd imagine Barclays will make provisions, but I thought people might find this interesting or not.
Don't agree with that one. Ocado done. Next I think would really benefit from a deal phase out the stores and put them alongside the M&S clothing. Ocado would benefit through a more integrated business model. Private equity could do more. I think that I'm right in saying the general public, so to speak, own roughly 18% of the business, probably a good few of those are customers. I think management are real people who will act. I just cannot see them sitting on their hands any longer . They can only do so much within the current set up. If I could I'd vote to keep them all on by the way. I do love M&S food. Good luck.
Good posts and you might be right but in terms of synergy and cost saving
surely this is the time to do that. Obviously not just any old merger this would be an M&S merger. Anyway the business seems to be getting quicker at adapting even in 2020 although I think a more radical merger or something would be better now.
Maybe this might be the weekend a private equity business buys Marks and Spencer. Not been many deals I think they're due. Could be this I hope. Sorry for the speculative nature of this post but I'd go for private equity take out, followed by Next or an Ocado merger, in that order. Good luck.
Not many invested here that aren't carrying losses. Who knows what direction anything will go at the moment but if you like this company then I reckon you'll probably not be suffering your loss in the next year. I don't think it takes a lot to move this share price unless something happens, might be 50-80 for the next few months.
Great word and very important.
A buyer under 60p , how about 70p, 80p, 90, 100. Personally I think this is worth 1,50 just on a reasonable value. Takeover more. Hope you well at 61p. Good luck.
Sounds good. Cash funding order book would usually be reflected in the share price. Let's hope it is soon.
Was not expecting this to fall back. Lots of positives looking forward and relatively speaking they aren't in bad shape. They have a business which is relevant so not sure why the sell off. Just thinking aloud.
I think I am right in saying it is a global brand with a website. If so it should get a US listing which might reflect long term prospects differently. Maybe the new CEO might do that. Gl
There is a website Covid 19 - food industry updates just food.com. There are a few businesses on there but not that many if you think just how many food manufacturers there are around the world. The businesses on there don't seem to have been too badly effected probably because of the food demand around the globe. Also the incidence of any imoact is probably in line with manufacturing more generally. I'd put the movement down to market volatility. This is a quality business.
The councils should have been doing better. Bloated and quite well paid by comparison with great pensions. Where are the tree lined streets and city centres, cycle lanes, there are a few but not many. Not much accountability either.
main thing is that they seem to have the will to radically change the business and unlike most of their rivals can do so without decimating it because of the Ocado deal. Their shareholders will back them 100%.
Your research.