Akis1999
09 Nov 2018
M&S Report You are sitting on a 20% loss but must have had dividends those past two years, is the 20% also inclusive of the divis?
IAmShareCrazy
09 Nov 2018
Z Score Entry preferably near 100 sma or 200 sma. Shares with a Pitroski F score of 2 or below are also worth considering when short selling.
IAmShareCrazy
09 Nov 2018
Z Score All the liquidity ratios on Adfvn are below 1. Not good. CFO/debt ratio also low. Not good. Marks chart doesn’t appeal yet for short selling. Prefer gap downs or a bearish chart pattern to help with entry. William Hill, Vodafone, Renewi, Interserve, Capita for example have been profitable Altman Z score shares
Gamesinvestor1
09 Nov 2018
Z Score IASC - It’s a very good point, and it seems one of them has done the calculation incorrectly, or differently. I’m inclined to ignore it for now in the blind hope that Norman is downplaying everything in order to show a magical turnaround, the stock hits 400+ (small dream in the short term) and I’ll be gone. Games
IAmShareCrazy
08 Nov 2018
Z Score So why does Stockopedia say this: Marks and Spencer has an Altman Z2 of 1.73 indicating the company is not entirely safe from financial distress, caution should be taken.
Gamesinvestor1
08 Nov 2018
Z Score Correction, Mainwaring it should be!
Gamesinvestor1
08 Nov 2018
Z Score Looks like the famous Z Score has a favourable number for Marks and Spencer and all is not doomed there Mr Mannering. That is of course if one puts much credence in these types of calculations. You can read about it in this weeks shares magazine if you have access to it. In essence the Z Score was devised to rate companies with various criteria and differing weightings applied to each criteria to offer up a number. The idea is a risk assessment on the financial condition of the company and claims to have been very accurate in assessing the demise of companies that have gone bust or underperformed the market over many years. A score below 1.8 is a red alert A score between 1.8 and 2.99 is a cautionary note and grey area warning flag Above 2.99 and you are less likely to hit the skids. MKS sits at 2.69 and has this to say :- “â€"""“Marks & Spencer’s (MKS) financials were quite sound, the opposite of what the market appears to be saying given its downwards share price performance over the past three years.â€""" So no excuse then eh – 450p? Games
Genemachine
07 Nov 2018
M&S Report If you remember the old days you will recall the adage “sales are for vanity profit is for sanityâ€!!!
Gamesinvestor1
07 Nov 2018
M&S Report ““I have a feeling that 452?â€â€ Me too, I remember it being north of 450 - sadly I bought back in at 350 and 360. 2.4 years on here we are. Well I collected the divis - some consolation I suppose, but not a clever move. Fortunately it’s only just over 1% of the old wad - but still, a mistake is a mistake, however small or large. Games
devonplay
07 Nov 2018
M&S Report I attended the last real GEC Annual Meeting, just as it slowly slipped under the waves. Rare event for me that, attending an Annual Meeting. There were sharholders there who’d passed the holdings frm generation to generation. A family legacy. M&S, GEC, RR and Barclays. Back then, what passed as a rock solid portfolio. DL
devonplay
07 Nov 2018
M&S Report I was trying to remember what I sold out at all those years ago. I have a feeling that 452? Funny how something like that sticks in the mind. Back then most private investors had M&S and RR in their portfolio. 170 is the figure RR conjures up in my mind. How time passes. DL
Gamesinvestor1
07 Nov 2018
M&S Report devon - I think the only answer here would be a rip roaring bull market to bring everything up and then get rid of it – unlikely now that bond yields are on the rise mind. Games
Gamesinvestor1
07 Nov 2018
M&S Report I guess in Richard’s day M&S didn’t have quite as many threats that it has today, but I know where you are comni ng from. Trouble with businesses like this is the level of legacy stuff that is no longer profitable and expensive to shut down or change course. The stock blipped up to 310 this morning only now to be trailing down at 291 – should have bitten the bullet and left the party methinks. Games
devonplay
07 Nov 2018
M&S Report I haven’t held the stock for decades, but I had a close working relationship with them back in Sir Richard’s day. en.wikipedia.org Richard Greenbury Sir Richard Greenbury (31 July 1936 – 27 September 2017) was an English businessman, and chairman and chief executive of the British retailer Marks and Spencer from 1988 to 1999. During his tenure, the company continued to grow until its profits peaked in 1997 and 1998 when it was the second most profitable retailer in the world after Wal-Mart, and the ninth largest company in Britain.[citation needed] After resigning as executive chairman, he was succeeded by Peter Salsbury. Greenbury was born ... I can’t say Rowe fills me with the same level of confidence. DL
Gamesinvestor1
07 Nov 2018
M&S Report Hard to see the positives here other than some management speak about changes to the “family†of businesses - not sure what that really means. It’s still profitable - for now - with high cash flow and they have reduced net debt from over £2bn to £1.78Bn - but still we have to add the risk in the size of the pension pot. The revenue was down 3.1% so sales are falling pretty fast at M&S and no amount of cost cutting can sustain this level of fall, so it has to be reversed or the business shrunk. M&S is closing loss making stores, assumedly in the weaker economic towns where footfall passes the price of M&S by. It’s risk here is mindshare loss, but that’s probably better than more profit loss. Hard to know where this will end up, having held this seeming munter now for 2 years and 4 months and sitting on a 20% capital loss after the fall on my screen reads 291p Steve Rowe doesn’t exactly fill you with glee when he comes on the TV either. Games - Not one of my better decisions – come on Archie sell something will ya?
