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Marks & Spencer £20 coming soon (MKS)     

tobyboy - 05 Jun 2007 16:10

anything under 7 cheap cheap cheap. good div. just paid. chart looks sick

tobyboy - 05 Jun 2007 16:16 - 2 of 969


fahel - 08 Jun 2007 09:19 - 3 of 969

Any news why the share droping down too much and fast?..

hlyeo98 - 24 Jun 2007 09:39 - 4 of 969

Absolutely no way Marks and Sparks will be 20 when interest rates are rising.

Guscavalier - 24 Jun 2007 13:36 - 5 of 969

I agree. Retail generally is out of favour given current economic conditions. I bought mine when it was announced that Rose was to be ceo and it was pleasing to see him put Green in his place. Although they have fallen back from a high of 740p+ I remain content to retain my holding. A very well managed company . Institutions may well reduce exposure to retailing but, I would not think MKS would be on their preferred sell lists. I will be looking to buy some more if the market shakes out. sp currently 642p

tobyboy - 24 Jun 2007 14:58 - 6 of 969

i expect a base around 6 then were off to 12. phil green will be kicking himself he lost his bottle when pulling out of his mks bid. as for interest rates you call them rising? 8% base isnt even high, any squeeze will come at 10% plus. check out the bear stearns wobble in the us, interesting.

hlyeo98 - 24 Jun 2007 18:24 - 7 of 969

When 8% is fact, MKS will be 4.

Guscavalier - 24 Jun 2007 19:16 - 8 of 969

I think 8% is high relative to the lower levels we have seen. People have budgeted for lower rates and are more exposed to high debt levels. Gordon Brown's onerous taxation decisions have meant that the average consumer is being squeezed & household costs continue to rise. However, I believe MKS will continue to win market share to the cost of others in its sector. It is regaining a loyal following and has a quality name. As for price if and when interest rates hit 8%, ill go for 570p. Only time will tell. Rose is a clever operator and he has put his own money into the shares of the Company.

tobyboy - 26 Jun 2007 11:12 - 9 of 969

MKS are on he way up, they have turned the corner, the question is not the direction of the trend, but rather where it will end and when and perhaps why?

hlyeo98 - 27 Jun 2007 16:10 - 10 of 969

What corner? It is heading south.

tobyboy - 28 Jun 2007 13:56 - 11 of 969

the wisdom of the myopic day trader.

hlyeo98 - 28 Jun 2007 18:12 - 12 of 969

We will see by Xmas who is myopic. 629p now.

Guscavalier - 10 Jul 2007 12:56 - 13 of 969

Although the interim figures are down on a like for like basis, the figures are much better than brokers' forecasts. Rose states that the trading conditions remain challenging given the general background in the sector. sp 645p.

hlyeo98 - 14 Aug 2007 19:40 - 14 of 969

615p today. More downtrend tomorrow

Guscavalier - 24 Aug 2007 23:54 - 15 of 969

sp still around 615p. Hard to see much improvement given current consumer outlook. Personally, I think a cloud will remain over the market for many months with plenty of volatility to come. The real effects of the sub prime troubles on the real economy have yet to be seen. However, with some sovereign state funds looking to find quality investments, MKS may well qualify in this respect at some stage. Generally, it is time to be selective and invest in quality at the right price.

hlyeo98 - 02 Sep 2007 15:45 - 16 of 969

UK clothing retailers set to announce further decline in summer sales report - AFX

LONDON (Thomson Financial) - UK clothing retailers are set to announce a further fall in sales with the recent warm Bank Holiday weather being blamed for another decline in spending, The Sunday Telegraph reported.

Pan-industry figures reportedly seen by the newspaper show that like-for-like sales across 38 clothing chains -- comprising around 4,000 shops -- were 3.1 pct down in the week to last Saturday. Industry insiders said they have not improved since, according to the newspaper.

In some cases, clothing sales over the Bank Holiday weekend fell by double-digits at some chains, the article added.

Clothing bosses are now viewing strong September sales as crucial. 'Everyone has had a bad run and most people need a good September. If not there will be trouble and we will see profit warnings,' the owner of a privately-owned clothing chain reportedly told the newspaper.

In a separate article in the Sunday Express, Marks & Spencer PLC has reportedly seen a four basis points drop in its clothing market share to 10.2 pct in the 24 weeks to July 22 as shoppers turned to supermarkets and discount chains for cheap basics, the paper said.

hlyeo98 - 18 Sep 2007 12:22 - 17 of 969

567p now. Who's myopic now? Tobyboy?

Guscavalier - 19 Sep 2007 14:27 - 18 of 969

looks like retailers will have a dreadful Christmas even if base rate falls. It seems that wholesale interest rates will have more of a bearing - credit rates and all that.I only hold Tesco and Marks in retail and hope to buy some more MKS if further weakness is seen. I think both Tesco and Marks will be on overseas investment lists if sentiment declines.

Guscavalier - 05 Oct 2007 09:13 - 19 of 969

sp has made a measure of recovery at 640p. My wife says that MKS autumn fashions are very good and offer excellent value and the quality is there as you would expect.Mens range also very good. The outstanding value mens range offers a shirt, trousers and jumper for 30 pounds. Food, although not cheap, is of excellent quality and seems to be doing well. Retail sector will have its winners and big losers and the differences between them in the current climate will be stark.

hlyeo98 - 07 Jan 2008 19:40 - 20 of 969

Looks like Tobyboy is getting more myopic each day now. 498.5p now.

hlyeo98 - 09 Jan 2008 20:25 - 21 of 969

Good luck, Tobyboy...409p...dropping big time today
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