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

Up 10p so far and back to 280p I reckon.

I may be right tab its easy money 205 return plus 10% divi what can you lose..?

I really cant understand the price holding up so wellthe like-for-like wont be good reading at allthe discounting on foods and wine wont be good readingthe profits wont be good readingand are whispered down to just over bn-600mand with 800 jobs gone the dividend payment to my knowledge is still under review? on a plus side online sales are up.and a new range is due for the SummerIll take the SP and Im thankful but Im waiting with cash just in case

BROKER NEWS
MoneyAM

Marks & Spencer cut to sell from hold at Deutsche, target price 205p down from 240p

JeffI was expecting that.figures aint good..

You going to sell and buy back lower?

personally, i would not be long any high street fashion stock ..... MKS has consistently underperformed for quite some time, and their food section probably makes the figures look much better than they really are - at their prices, they must rub their hands we glee; i think MKS food is quite good quality but badly overpriced.

mitzy .... reverting to your post 636 ..... 10% divi is surely historic and thus there is certainly no guarantee that it will be maintained

I am continually long with a set stake.plus company lock-ins have sold player stakes recentlyquite happy to come back in with more if they drop under 2-10 and keep averaging downdividend payment to my knowledge is still under reviewdue to be announced mid March..

chart below shows sp just testing 25 dma ..... keep watching with a view to (further) shorting

chart says it all .... just a shame that both WPP and ASC continue to buck the trend

Brides Nightie ?

John Lewis weekly sales in their departmental stores sales down 10.3%
4th week to 28 February 2008-09 -10.3
4th week to 28 February 2007-08 -7.1
4 weeks to 28 February 2008-09 -8.0
4 weeks to 28 February 2007-08 -6.3


M&S do not publishmy best guess is similar?

had a small profit which i have now banked

I am pleasantly surprised.the figures did not equate to my best guesses..hmmmmm?
Sold out this morningwill sit and watch for a while

wow! there'll be a lot of burnt flesh about, even though i think adequate figures were well forecast

From the Blue Index blog

Marks & Spencer shorting opportunity
May 19th, 2009

In contrast to my Sparks at Marks blog on 31st March ( see http://blog.blueindex.co.uk/2009/03/sparks-at-marks/ ) I think a short term opportunity now exists to sell M&S shares for the next few weeks, possibly months.

The flagship retailer reported a 40 percent slump in adjusted pre-tax pre-exceptional profits to GBP604.4m, down from GBP1.01bn last time, on revenues up slightly to GBP9.06bn, driven by a 26 percent jump in international sales. However, UK sales from stores open at least 1 year fell 5.9 percent as customers cut spending or sought out less expensive goods. Marks also slashed the dividend by 33 percent to 9.5 pence a share, from 14.2 pence a year earlier, to conserve cash. Its total dividend for the financial year will be 15 pence, down from 22.5 pence. M&S said trading in the first seven weeks of the new fiscal year was broadly inline with the positive trends of Q4″, but it remains cautious about the outlook for the remainder of the year. Broker Pali International said that in spite! of the hype in the statement about speeding up change, overall the results look a bit underwhelming, and accordingly Pali have a sell rating and 265p target.

Full transcript here
http://blog.blueindex.co.uk/2009/05/marks-spencer-shorting-opportunity/

anyone still shorting this?

lol, good rise

Marni.I think Gausie is?