Member Info for RickEngland

So example; if the bank has £800bn assets and deposits 15% CET1 with the BoE at 4% interest. That's a good £4bn profit. Without any other business. Looks like we're going to be quids in.

I bought a chest of drawers for the bedroom few weeks back, smiling that it would help the results. I must admit I was very impressed with the M&S furniture quality.

Anyway already earned the cost back on sp rise. Pretty convinced the div will come back in May-23. Anyone that ignored the doomsday press, that we were all eating from food banks have done well since Oct-22.

It's been a great start to the year on the markets, let's hope it continues.

Rick.

There's no div, so any yield is pointless to value. Might pick some up at 150p. Wasn't interested in this share anyway, so no loss if it bounces.

Still trying to assess if it was a brave board decision to cancel div, or if this "extreme" move is because there's more rot under the floorboards. No rush if no div, watch and wait.

Rick.

"Book value £3.30".. ok thanks. Almost sold at £2 to pay a few bills for free. OK I'll hang on for £3.

Many thanks
Rick.

I tend to be a glass half full investor, so I was expecting M&S to steam ahead. The reality is economic conditions have impacted them, I have to accept that. Although £200m+:profit half year, say £450m full year is c. 16p a share adjusted earnings. Therefore around 112/16 = 7 p/e ratio. I can live with that for a recovering growing firm.

With my glass half full hat on they could return 8p - 10p div at full year, which is not bad at these prices. I'll probably add more in the new year. I'm still confident mks will deliver, and like everything the board are doing to bring M&S glory days back into a modern format. I do love their food halls.

That's a shame, sp is pretty much at all time lows. I still believe M&S has a long way to climb yet. I'm not buying into the media fear that everyone is so skint, they're just eating bread and drinking tap water. If anything the food halls are more busy from what I can see. Add in clothing, furniture, app sales, international, gist purchase, new cool shops and ocardo and I'm pretty confident.

Plus 10p on sp tomorrow and I'd like to see 3p interim div even though they can afford 5p.

Rick

5p interim div will only cost £98m, well doable. I'm going to start questioning director salaries if they keep forgetting the owners. They've had 3 years no div to recover, payback time. Besides a div will lift share price.

I'm not accepting any more taxes when entitlement for anything is next to zero. Can't get a scale and polish at the dentist under NHS, unless they consider it really awful. Can't get minor things sorted at the doctor either. Times they've said to me; "you need to go private for that". I keep promising to take in my P60 and ask what does my near £20k income tax plus NI qualify me for? Can't get child benefit anymore if on £50k+ on "single" income, which is never £35k i guess net, nor do I qualify for nearly all these fuel benefits.
Think i might quit work at 55 and start drawing pensions, if any more tax raids. Besides most gov QE debt isn't sold as bonds, most of the £800bn+ sits with the BoE as an iou. Slowly write it off then, a billion a month...haha. if they can print it for free, write it off for free.

Anyway as said below, I'm done with all the parties acting like socialists as well. Going after my shares will be the last straw.

Funny market. People got money to fly... IAG up. People got money for quality food, MKS up. People don't have money to pay mortgages haha.

I guess we'll have to run with the BoE forecast and the media, doing their best to convince people not to spend to try hold down inflation. Well maybe they shouldn't have thrown £800bn+ of liquidity into the system.

Csrry-on, the BoE have their job to do selling that lie, and I'll keep believing my own eyes, the majority are doing just fine.

Rick.

Problem with being a shareholder is I get a little frustrated at some issues. Popped in my local mks food hall, it's literally 50 metres from my house in Walton the naze. I've got a thing for their chicken pasta bowls at lunchtime.

Packed in there, long queue for the 5 x self service tills. Of the 5 person run tills, just "one" open and customers keeping quiet but looking around saying is "someone going to take my money or not", look on their faces.

Come on sparks, the last hurdle the tills. If customers say, I love marks but I just can't be doing with the long queues, all that good work is wasted.

Well that management statement was aimed at tax raiding politicians, with a "committed to paying dividends at year end", for shareholders. Fair enough you hold those provisions Lloyds. Looks good to me.

Might get few more, if fear kicks in, although no rush.

The debt has almost gone. £400m I believe in the last accounts, nothing for the size of m&s group. 3 years of no div has repaired the balance sheet. This firm is ready to fly. I'm confident div will come back as m&s will want to lift the share price off these lows. Sure there's alot of capex spend with new stores in better locations replacing old stores, but I like that. Many of the new shops capex are fully repaid in 3.5 yrs. I absolutely love their last report. Archie Norman as chairman too. If we based pre 2019 divs against sp we're looking at 15% - 18%: div ( was 20% last week SP). I just don't think this on many people's radar, but I'm well happy to get a load at these prices. I can wait until it goes viral, then smile.

I'm in at £2.50 unless they've sorted all the staffing issues. low margins per seat need quantity.

Dug into their results it's a recovery play for sure, but nervous at these prices. Happy to listen to opposing views though. On my watch list for now.

Rick

All this market fallout, because the Tory membership didn't vote in the candidate they were "supposed" to vote in.

Media will be happy now, if Rishi borrows and spends, they done their job.

Right... onwards and upwards with share prices. I'll have 5p interim div please M&S in Nov-22 half year, that will only cost you £98m from the huge stash of cash.

Rick

Because we actually make a fortune trading. If we get china to make something for £100 and sell it for £150, we've made money out of that service for a phone call. Not to mention the intellectual property rights on billions of manufactured goods. There's more money in trading than making. We should know that buying shares, suddenly we've got 10,000's of lloyds workers, doing their best to make us money

"Let the great unwashed vote" really. The poor was no where near enough votes to take leave over the winning line. I own a £500k detached house, got pensions of at least £400k and £60k of shares... I couldn't wait to remove an entire layer of self serving EU politicians that treated the UK like one their little council estates. I will never have regrets voting to return full power to the UK. Whatever the political issues here right now.

Bes8des all that propaganda wasn't for leavers that could understand cause and effect. I was for remainers to make them feel all superior rather than question the morality of the EU and their often dictator type approach to leadership. I don't like "the state always knows best" and i never will accept that socialist ideology.

Imagine being so manipulated with fear by the left wing media, that the sheep "beg" to be taxed more. With the end result that shares those struggling couldnt afford, then go up in value.
Pretty sure a few smiles got knocked off some screaming socialist faces, when Hunt said the NI increase is staying, and the drop to 19p is cancelled. With the Labour party really happy they kept thier supporters worse off "just where they want them".

Couldn't make it up. One more step to go, we "told" you to vote for Rishi, you didn't, but you will get him anyway. The plan is almost complete.

I'll have a go livestock.

We go 5p - 10p higher first thing. The market will get a few bond jitters around 11am and we drop 2p. Kk will come on the News around 1pm saying "It is still our intention to focus on growth, yet prudent to adjust those metrics longer term". (A back track without being a back track politically). Market takes us to £1.18 2:30pm US open higher, this helps IAG to 1.25. Market gets the jitter about 3:30 as BOE stays quiet. pulls back to 1.21 Market realises it's not the end of the world, we finish at 1:27 for the weekend.

Well current 98p is equal to £320m operating profit. Pretty sure they will hit £1bn editda though for full year, probably pay off last £420m loan at interim. However the market measures us, looking forward to more upside. Go-go M&S looking forward to the div coming back.

It doesn't help when the media go digging for the poorest people they can find to ramp their constant code red crisis agenda for everything. Their red weather maps during the summer, showed just how ridiculous they've all become.

Sure our costs have gone up, but I don't know many people with disposable income totally wiped out (just dented abit). We're still keen on holidays next year. I have no clue where my nearest food bank is, but the carpark of the m&S food hall, that I can see from my house windows, is never empty of customers. Skint people? I don't think so.