Jump to content
House Price Crash Forum
Sign in to follow this  
Nationalist

At What Price Does Marks & Spencer Become A Buy

Recommended Posts

M&S have a 52-week high of £6.57 and today dipped below £2.15.

As far as I can see they have two problems, (i) their posh nosh is too expensive, and (ii) they don't give free carrier bags anymore.

Both these problems are quite fixable.

And let us not forget that one Mr Philip Green of London & Monte Carlo harbours an unrequited lust to own the company - does anyone really believe he's given up, or is he just biding his time? The current price is way below his last offer, £4, if memory serves.

He may already be ringing his favourite bankers to raise the cash; a week or two to structure the deal, then... pounce!

Or am I barking up the wrong tree?

(OBSEX)

Share this post


Link to post
Share on other sites

So it seems the revival of M&S actually wasn't the result of inspiring and intelligent management decisions as we were led to believe - just the fact that it is a good place to buy clothes and food when you feel well off. Now there aren't enough people who feel that way.

The town I used to live in - Monmouth - has an interesting food sector: Waitrose, M&S food and .....Lidl. Only a small Somerfield could be considered `middle ground'. I wonder which one will do best.

Y

Share this post


Link to post
Share on other sites
So it seems the revival of M&S actually wasn't the result of inspiring and intelligent management decisions as we were led to believe - just the fact that it is a good place to buy clothes and food when you feel well off. Now there aren't enough people who feel that way.

The town I used to live in - Monmouth - has an interesting food sector: Waitrose, M&S food and .....Lidl. Only a small Somerfield could be considered `middle ground'. I wonder which one will do best.

Y

Somerfield make bl00dy good crisps. M&S make good chocolates. Tough choice.

When I first moved to England and went to the local food store (well, the only name of a store that I knew sold food) it was M&S. I was utterly shocked at the food prices and thought i would have to starve during my student exchange abroad....

Then I found the local off license. Then the marvels of Morrisons.

Moral of the story: poor people occasionally shop at M&S, but only if they do not know better.

Share this post


Link to post
Share on other sites
The town I used to live in - Monmouth - has an interesting food sector: Waitrose, M&S food and .....Lidl. Only a small Somerfield could be considered `middle ground'. I wonder which one will do best.

Y

Should have added -

and a really good local independent grocer - good value, knows his customers, provides fruit at cost to the primary school, delivers, makes you smile.

We sometimes forget that supermarkets aren't compulsory.

Share this post


Link to post
Share on other sites

I think M&S know that their food prices are a major problem; in the last week or they've started advertising some sort of two-dinners-for-£10 deal. I'm not sure how that works but at least they've started to address the issue.

I'd love them to announce, "Sod the planet! We're bringing back free carrier bags." That would show true commitment to shareholder value. :lol:

Share this post


Link to post
Share on other sites

mands070708.gif

This isn't just a share chart. This is an M&S, non-inflation, non-dividend adjusted share shart.

Buy and hold Rodney. Buy and hold.

'Tis getting rather close to its 20yr lows, but it seems a tad early to be piling in. Maybe a few nibbles now and then may turn out decent in another 5 or 6 years.

post-9973-1215449193_thumb.png

Share this post


Link to post
Share on other sites

Look who has just popped his head up and gotten everyone talking.... :rolleyes:

Link

Marks & Spencer's share price received a much-needed boost yesterday after banter between executive chairman Sir Stuart Rose and Sir Philip Green, his friend and high street rival, triggered vague bid hopes for the under-fire retailer.

Shares in M&S lost 33pc of their value last week after a profit warning, but closed up 6.7pc at 231.5p yesterday after Sir Philip left his options open regarding making a third attempt at buying the historic chain.

His enigmatic stance was enough to excite City traders looking for any signs of life in the battered retail sector.

(snip)

At the post-awards reception Sir Philip peeled a €5 note from a hefty wad and presented it to M&S's communications director. "I've just bought two shares," he said as cameras whirred and flashed.

Waving gold plastic, Sir Philip added: "If I give you my credit card I might end up owning the whole company."

(etc)

I love the pulling out a fiver (euro natch 'cos he's a tax exile dontcha know) and saying, "I'll have two shares, please." :D

I filled my boots at 219p so this is all great for me. Do it Philip... MAKE A BID!! You known you want to; you want it so bad it hurts.

Share this post


Link to post
Share on other sites
I think M&S know that their food prices are a major problem; in the last week or they've started advertising some sort of two-dinners-for-£10 deal. I'm not sure how that works but at least they've started to address the issue.

My missus got one of those £10 deals last week - a 5lb chicken, a bottle of wine, a big packet of veg and 2 chocolate puds. She claims the chicken was £10ish if you bought it on its own.

not bad value for them, and at least it's a new idea. I don't really see why their share price is down 2/3. Down yes, but that low?? Even the unemployed need socks :P

Share this post


Link to post
Share on other sites
mands070708.gif

This isn't just a share chart. This is an M&S, non-inflation, non-dividend adjusted share shart.

Buy and hold Rodney. Buy and hold.

'Tis getting rather close to its 20yr lows, but it seems a tad early to be piling in. Maybe a few nibbles now and then may turn out decent in another 5 or 6 years.

Funnily enough their share price seems to track the UK economy quite well - recession in the late 1980s and what should have been one in the late 1990s but due to monetary expansion (i.e. printing bank notes by several guilty Central Banks) it was deferred until this year's mega-wipeout.

Share this post


Link to post
Share on other sites
mands070708.gif

This isn't just a share chart. This is an M&S, non-inflation, non-dividend adjusted share shart.

Buy and hold Rodney. Buy and hold.

'Tis getting rather close to its 20yr lows, but it seems a tad early to be piling in. Maybe a few nibbles now and then may turn out decent in another 5 or 6 years.

So, if you want a bargain, don't buy in M&S, buy M&S!!!

Anyone know M&S kept paying dividends thoughout the last recession?

Share this post


Link to post
Share on other sites
M&S have a 52-week high of £6.57 and today dipped below £2.15.

As far as I can see they have two problems, (i) their posh nosh is too expensive, and (ii) they don't give free carrier bags anymore.

I wonder? I am sensing something of a drift away from the decadent times of of 'branding' and 'designer ready-meals' and a subtle but perceptible shift to frugality: To Aldi/Lidl and the like. That said, I think it is premature to write off the established retailers; John Lewis, M&S and Currys/PCWorld just yet. Still, the market has taken a pretty entrenched view and it takes a brave investor to run against the herd.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 395 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.