deepsleeves
25 May 2018
Re: Deutsche Bank reiterates hold T/P 325 This will be the same bank that had a hand in almost all of the major crises and scandals tied to the 2008 global financial crisis. It has paid billions of dollars in penalties and settlements over the fraudulent sale of mortgage-backed securities, as well as over its role in the manipulation of benchmarks used to determine the interest rates on numerous financial products.Deep
deepsleeves
25 May 2018
Re: Paul Scott's view OMINVESTCOMAnd forgot to mention, delivery promised by Wednesday next week for items ordered by mid day Friday. On other websites they would be delivered Saturday [and not only Amazon]A long way off the paceDeep
deepsleeves
25 May 2018
Re: Paul Scott's view OMINVESTCOMI disagree not based on the fundamentals on dividend and scope for recovery but because I just do not see it happening.I have recently been a M&S customer 3 times.Local store, Salisbury, not a big store and piss poor. Clothing is in pile it high and sell it cheap mode [ store smells of it] which is ok as a business model but others,my other half tells me, are much cheaper. The food hall is crowded with product and having spent £20-£30 you have to queue to serve youself at checkout. Makes it easy to see why shopping at Aldi for half the price is more and more appealing.Bought a duvet in Norwich as we happened to be in that city. Nothing wronf with the product but the store was empty to the extent that even the very customer focussed member of staff who served us commented on it.Online. Orderd 2 pairs of shorts today in the optimistic expectation of some more fine weather this summer. Website is, by comparison to the market leader [ama... whats it], from the last century. Not about scale but about mindsetNot sure the culture that sees these issues, they have been around for years, and does nothing will be changed .FYI about 2 tyears ago I got so pissed with queuing that I complained to store and chairman with the sad but expected platiudes that our surveys say customers very happy!!!! Deep
Mr Shortie
24 May 2018
I have always bought 95% of my clothes at M& S but several years ago they came across as arrogant toward customers. I recently "bought" a jacket in the sale, online, and paid £69 - two days later I had an email to say it was no longer available and my money would be refunded within 3 days ! I do like to have new clothes regularly but it has become pointless, e.g. chino's are the same as last years and the same as the last 5 or 6 years. Most of the clothes are poorer quality than years ago and available in less size combinations or options and very often limited sizes in stock. Their answer is always we can order them for you or you could try another store - not a way to encourage loyalty !It also winds me up when you buy some trousers and there is a sticker with a price of £39 stuck over the top of the original price of £29.50I think the attitude toward the customers that keep M & S in business is quite shocking.Listen to the customer, give the quality that made M & S famous, stock all the sizes, sell more size options and sell at a value for money price.Stop sending out "Please take time to complete our survey" - these surveys ask the questions that can only have limited answers and does not allow a customer to express any opinions that are not listed as an answer. Again pointless.
IOMINVESTCOM
24 May 2018
Deutsche Bank reiterates hold T/P 325 Deutsche Bank reiterates hold with a target price of 325p.
IOMINVESTCOM
24 May 2018
Paul Scott's view My opinion - before I looked at these numbers, I just assumed that MKS was a basket case, probably heading towards eventual failure. The figures & narrative paint a very much more positive picture.Store closures (of loss-making sites) could increase profits considerably over the coming years. New management seem focused on delivering a serious reorganisation of the company. I'm amazed that MKS doesn't seem to do a proper Ecommerce food offering. All I could find was party food that you had to pre-order about 5 days early. How ridiculous! Why doesn't it do a proper groceries delivery service?Most people seem to agree that MKS clothing is lamentable these days. So that's another potential area for improvement.With all these problems, that MKS is still generating EBITDA of £1.25bn, says to me that there is a cracking business here, which is partially obscured by all its well-known problems.I can scarcely believe myself saying this, but based on my review of these figures, I'm minded to go long of MKS shares - for the divis, and the recovery potential, plus the highly cash generative nature of the existing business. Short covering? Here is the FCA latest list of disclosed short positions in MKS. It adds up to 12% of the whole company.5b05ee023ee6eMKS_short_interest.PNGI reckon those shorters could well have got it wrong, and could become forced buyers, if they come to the same conclusion. That could create a very interesting short squeeze, and take the share price up considerably, as those shorts try to buy back 12% of the company. Just look at the short squeeze which happened at Ocado (LON:OCDO) recently.I think MKS could have maybe 20-30% upside on it from the current price of 307p. The very generous divis, which are comfortably covered by cashflow, is also likely to attract buyers I think.As usual please do your own research. I'd particularly like to hear from anyone who disagrees with me, and views MKS negatively, and your reasons why.EDIT: I opened a long position on MKS the following day, after writing the above.[link]
foglight
24 May 2018
Channel 5 tonight Programme tonight about Marks and Spencer @ 9pm (The trouble with M&S). Seems to be more high profile at the moment with newspaper comments (Times today also made comment on similar lines to D/Mail) which may mean that new management has not got its head in the sand. (sp 304p).
terribletim
24 May 2018
Re: Sold I think this is going to go a lot lower now. They need so much change and closing stores will not help their out of date concept and ageing customer base.
EssentialInvestor
24 May 2018
Re: Maybe not so bad And yet KGF is Up. The market may be seeing longer term value in KGFthat is not very apparent - I don't hold atm.
Lupo di mare
24 May 2018
Maybe not so bad Looking at how the bad weather affected Kingfisher's results, makes MKS's look a bit better.
Lupo di mare
24 May 2018
Re: Alex Brummer - Daily Mail Can't argue with this - "M&S’s threat is not Amazon, as so many claim, but itself."
IOMINVESTCOM
24 May 2018
Alex Brummer - Daily Mail [link]
IOMINVESTCOM
24 May 2018
M&S fightback [link]
IOMINVESTCOM
24 May 2018
Leap of faith needed with M&S, says Hargreaves Leap of faith needed with M&S, says HargreavesInvestors will need to take a ‘leap of faith’ with Marks & Spencer (MKS) as the high street stalwart teeters on the edge of FTSE 100 relegation, says Hargreaves Lansdown.The shares rose 3.7% to 302.7p yesterday as the embattled retailer held its dividend.Annual profits fell 62% to £66.8 million, weighed down by a £321 million charge for store closures. Excluding this charge, profits hit £580.9 million, ahead of analysts’ forecasts of £573 million.Analyst Laith Khalaf said M&S was struggling to compete with companies with a strong online presence and reducing high street footfall.Although food used to be the ‘bright spark’ for M&S, that has ‘dimmed’ as it scales back the opening of more food outlets and has failed to jump on board the trend for home delivery.‘M&S is currently restructuring its business to make it more relevant, less costly, and more profitable,’ said Khalaf. ‘For investors, a dividend yield of over 6% is an attractive stopgap, but at the moment Steve Rowe’s promise to make M&S special again requires a leap of faith.’He added that the potential relegation from the FTSE 100 as online supermarket Ocado looks set to join ‘paints a picture of the old economy and the new, passing each other in very different directions’.[link]
Lupo di mare
23 May 2018
Re: How do I unfilter someone? NB - "don't accidentally put yourself on ignore! It is possible"Going to take your word on that. Anybody tried it? Funny, no respons
