Another good day on maksy US 8 times average vol
Another high rent store finally goes.
https://www.glasgowtimes.co.uk/news/20103492.marks-spencer-sauchiehall-street-close-good-today/
Yesterday’s US
NASDAQ down -4.17%
Maksy +2.61% !!
2nd day that US has been buying Mks, this was a good trigger ahead of January 2022 trading update too. Also top 5 investors will be briefed next week on 5 year plan-so they will have a strong idea about 25 May.
And another new store May 10, this is the 12th new store this year already.
https://www.armaghi.com/news/banbridge-news/marks-and-spencer-reveals-plan-for-new-banbridge-store-opening/166286
Another new store opened yesterday in Stevenage!
https://www.hertfordshiremercury.co.uk/whats-on/whats-on-news/gallery/first-look-stevenages-new-ms-7011851
Damned thick people on here!
Classic reaction owls when it’s not your own money!
If you sell it’s a loss, solid company always hold, that’s my lesson in over 50 years
I’d sentence the person in Mks who designed their mincemeat film sealed trays to a week of non-stop opening, without a break. And the butter buyer! Probably Liberal Democrats radio 4 listeners!
Pokerchips, Feeding these people keeps them alive, most are poorly educated, and require mental health treatment.
Mental health has increased since covid and it is sad, I feel for people who have succumbed to it, life can be hard.
However, I don’t believe chat platforms like this are of little help to them, in fact quite the reverse.
I would be kind and filter this person and hopefully will encourage them to seek professional help.
Good night.
China covid lockdown is having a larger impact atm, supply chain to clothing retail.
I hope this forces UK retailers to manufacture closer to home for some very critical reasons, top of that list is the environment and the growing dominance of communism and use of increased wealth which is spent on arms.
The lower sp will bring in new shareholders here and quite right too.
Good to see share volume up to average.
Exciting times!
Macro geopolitics is the reason for the market falls across the World.
Most retail equity has taken a hit.
£500 m profit before tax FY forecast here and massively improved cash flow. Mks is sufficiently agile enough to adapt to changing circumstances.
Would I sell??? Haha not on you’re Nelly!!
You do you’re own homework but there’s no way I would sell at a loss and give back to the market your money-crazy!
Current circumstances are unpredictable but nothing wrong with this business!
I’m more than happy to keep buying here! Can’t believe it! Apart from Carrefour, M&S is well inside the matrix for returns PE are hungry for, the more it decreases the more likely a takeover. Based on £500 m profit before tax it’s a great buy!!!
Good that Ocado has hung onto 1.8% market share grocery! Meaning lost no more than others.
TOP NEWS: UK grocery sales in first two-year fall since Covid - Kantar
(Alliance News) - UK grocery sales have fallen year-on-year in recent weeks and notably declined on a two-year basis for the first time since the pandemic began, figures from Kantar showed on Tuesday.
This was despite UK grocery price inflation reaching a more than 10-year high.
In the 12 weeks to April 17, UK grocery sales fell by 5.9% year-on-year to GBP29.73 billion from GBP31.60 billion. On a two-year basis, sales fell 0.6%.
It was the first fall on a two-year basis since the onset of the pandemic. However, sales are now lapping strong comparatives from 2020, when consumers turned to stockpiling in fears of shortages as the Covid-19 spread.
Grocery price inflation in the 12 weeks was 4.8%. In April alone, it was 5.9%, the chunkiest rate since December 2011.
"The average household will now be exposed to a potential price increase of GBP271 per year. A lot of this is going on non-discretionary, everyday essentials which will prove difficult to cut back on as budgets are squeezed. We're seeing a clear flight to value as shoppers watch their pennies," Kantar analyst Fraser McKevitt commented.
Among listed grocers, only Tesco PLC gained market share over the 12-week period.
Tesco sales fell 4.8% annually to GBP8.11 billion, though its grip on the UK grocery sector improved to 27.3% from 27.0%.
J Sainsbury PLC sales fell 7.7% to GBP4.46 billion, while its share of the market slipped to 15.0% from 15.3%.
Online-only grocer Ocado Group PLC sales fell 11% to GBP521 million and its market share was unchanged at 1.8%.
Online sales fell 15% yearly over the period.
This is an important move in its Lingerie category! Exciting news, worth looking out for at M&S
https://www.stylist.co.uk/fashion/marks-spencer-lingerie-bras/650197
It should also be noted, the reason for Mr Rowe’s departure is highly personal.
Who is it? I don’t recognise the name so I am assuming she has been filtered. There’s always one Winton11. If there’s no facts in their text I always filter to simplify the read.
Good afternoon all.