Member Info for pernix

Yeah M&S share falls overdone ! If you say £1 Billions lost market value versus £300 Millions lost profit. Cyber crisis will cost but chance to recoup a lot back with insurance claims, 3rd party contracts claims, efficiency cost savings, better management practices etc … Any extra IT costs are investments and the costs associated with running the business likely incurred by other industry players.

Shorts Watch Out! M&S Break Out. Footsie Climbing.

I’m with £4 mark by Jan ‘26. Today I buy more shares & re-invest my Dividend too. My confidence, upwards of £4!

Yes money talks more than investment strategies! I understand perfectly, who ever put that comment I will not entertain.

Jds15: Bid Alert. I agree, M&S shares really undervalued! It would not surprise me if there was a Takeover Bid. Then a bidding war. Market dynamics find the real value of shares in times of distress or euphoria! Watch out the Shorters!

Someone’s going to pay for this Cyber Mess Up. I suspect it’s TATA Consultancy, Insurers as it’s a Third Party Hack looking more likely. I think M&S Management fighting hard to get moneys back. TATA were supposed to report on this last month so I guess M&S could not comment before this. At some point short squeeze will push up the shares but until then it likely to drift somewhat.

It’s Going Up! M&S losses are now quantified by the company, with lots of cash and highly cash generative business. I see shares moving to 500p + that’s even with Cyber Hit.

Jds15: If M&S get around £100 millions payout means that £1 Billions market cap blow out is very much overdone. Hoping for some M&S operational recovery soonish!

The Insurance Claim. Cyber Incident. Insurance claim will likely to paid out in full accordance to insurance terms ‘ conditions. Saying that M&S systems are potentially is no excuse. They M&S likely to use Cyber proprietary systems of the large multinationals with full cyber security and so M&S will not be culpable for Cyber attack. Saying that M&S help desk handled things incorrectly will not be proven, what’s any evidence of this? Cyber hacking can happen to any company and that is why you take out Cyber insurance. I come from an insurance background and our credibility as a Top insurer was to show that we do payout in times of real economic distress!

The Big Investors are M&S biggest shareholders. They have supported M&S in these troubled times with no notable big seller of M&S shares. This suggests they will not sell shares but be a net buyer, so see shares rising when things start clearing up regards Cyber incident. They Big Investors determine the share price overwhelmingly and not us small private investors. Upwards to 500p share price coming !

Ocado food delivery was unaffected by Cyber hack. They work on a completely different system to M&S. Yes just like Co-op the food deliveries to the stores have gaps on the shelves or over delivery of some items. So can see upto 14% food sales increase maybe on the cards for M&S.

True value 500p MKS. Cyber mess will clear.

I wonder if M&S may skip the Ocado payment to cover Cyber losses. Anyone know more about this?

Neil your comment

“ I’m unclear still when mks will release the money accrued for Ocado jv bonus that was unpaid”

Mr Martin, who is now a professor at Oxford University, said M&S does not have many choices, whether it chooses to talk to the gang responsible for the attack or not.

"Even organisations that pay a ransom - because this is a bunch of criminals who can't be trusted - sometimes find it doesn't work," he said.

"In organisations that don't pay, you have to try to restore things and activate backups, and that's very complicated."

Many non-cyber related technical glitches are relatively quick fixes. An outage caused by a faulty software or server update, or even user error, can often be resolved in a matter of hours.

But trying to find and stop malware sweeping through systems and causing havoc on the scale of those operated by a large nationwide retailer like M&S, is not a quick job says Professor Alan Woodward, a cybersecurity expert from Surrey University.

"Everything from knowing what has been sold, hence what needs replenishing, to taking card payments is very dependent on complex systems… it will take significant time and expertise to analyse and ensure they have expelled the hacker," he said.

Lisa Forte, partner at cyber security firm Red Goat, agrees.

"They are handling the disruption in a mature way but to expect any company to get anything back online in a week is never going to happen," she says.

"I don't know one organisation that could do it."

Agree. The good, the bad a situation, it’s all going to drive higher customer footfall to the stalls. So higher store sales offset some losses on website sales.

I read this chat board and laugh. Why? Everything will be fine finally. Some estimate costs like the Big Bank here isn’t really going to sink the company. Up and onwards to 500p post May results!

Cyber insurance will cover some of the Profits Hit.

Marks and Spencer Group PLC (LSE:MKS) shares fell 1.7% after the retail was calculated to be facing around a £15 million hit to profits per week from its cyber attack, according to analysts at Deutsche Bank, with cyber insurance potentially not covering all of the impact if the incident runs on for much longer.

While there are many unknown aspect to the cyberattack and its effects, Cochrane estimated that M&S was facing around a £30 million hit to underlying profits so far, as the food supply chain reacts two weeks after the attack.

"We believe cyber insurance will cover the majority of the £30m but cover is generally time limited so further costs will likely be incurred by M&S," the analyst added.

A £30 million impact would be roughly 3.5% of total earnings, hit with a further circa 2% per week.

"Despite this one-off incident, M&S is firmly on the right track, in our view, and we see the shares bouncing when the incident is resolved," the Detusche analysts concluded, reiterating his 450p share price target.

However, there is "no long lasting damage to the brand" expected, said analyst Adam Cochrane, with the FTSE 100 retail "handling its suspected ransomware cyber attack with best-in-class communications".

This was linked to there being no evidence of any customer data being hacked and there has been "very robust consumer feeling towards M&S", he added, with social media reports of consumers diverting their spend towards M&S as a show of solidarity.

Yes maybe other stores too. Drip drip coming out, Harrods, Co-op who else? Sad situation.

M&S Reputation has taking a bashing. Saying that, everything is recoverable especially as it is a stalwart U.K. trusted brand. Always a supporter of our U.K. companies. Someday the criminals doing this will pay a heavy price!