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

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?

Why do you sell the winners and hang onto the losers tabby , is it some new fangled riches to rags investing scheme your trialling ?

most people do that dil. i've heard quotes on tv or media from max clifford, michael winner etc all saying their friemds and associates lost lots on stock market.
groucho marx lost a fortune and he was very witty!

but as we all know, the boys with noses in trough in the city are the few real gainers......maybe some like you might get the odd small profit

ps: anyone with short still on this is in trouble as its ben climbing for some time now

People smart enough to play it both ways are always smart enough to recognise when it's turning sour and jump ship.

Those who get caught into trouble are those who only go long, blame shorters for the drop in price (and their subsequent losses) and can't read between the lines of anything market-related. MDX "investors" are a prime example as are those named above - complete idiots! ;-)))) I'm sure another gossip column and insurance ad will set Max and Mike on their way again, deserved or not!! LOL!

Dilhave you got amnesia after going over Penderi Cliffs in your eight year old Ford Mondeoor have you been drinking early tonightbest of luck with Jockey Wilson MKS max company share schemeand a big puntI only make mistakes every
Coronationyou know I have done extremely well from FTOOXBBVICto name but a fewnice touch on the horses yesterdayso sober up sunshine

LOL

RSA, Tabatha????

MDX ????

Why did you invest in MDX Dil?

It was a short term trade based on it being oversold and due a 10% pre xmas rally from its low.


How bout you ? Why did you invest more and more and more all the way down ?


Ask me if I give a crap whether it ever relists tabby ? :-)

Have you invested even more in the fund raising tabby or you come to you senses ?

RSA 4p down in this market over several months. ;-)))

very silly.

Bouncy.I have fourteen stocks twelve of which are in a healthy profitfour of those very healthy.property portfolio has also seen a rise over the last three months you also have my RSA figure wrong.so not so sillyas I have said many timesI am a thickobut a lucky thicko.
How is the day rate? And how can someone with this trading track recordcomment on others
.....
Big Al -

I'll give you a clue, dunderheid. My worst ever loss was almost 10k in 8 minutes. Go figure, son.
.
I already have figured!!!!!!!!

tabby gets post 666 hmmm .... :-)


PS everyones property portfolio has probably risen over the last 3 months , the fact that it had fallen a lot more over the previous 12 months you fail to mention tabby. This is typical of your one eyed view on things.

Now that I have shit for brains out of the way>

Good morning allDil let me just say to you that I have the MDX scenario covered as safe as one couldand a good contingency plan in placeI am very surprised that you use MDX and oversold in the same sentence?yer mates wont be happy!!
DilI purchased another flat around a year ago at a silly priceI believe I told you?my rents have increasedtotal valuation comparable to two years agosimplesbut try and make it difficult.

;-))))))))

You favoured selective post, Tabatha? ;-0

Specifically, I don't see the bet upside in MKS. Earnings visibility in retail is still quite poor and the divi is hardly stunning at around 4.5% (and forecast to drop). Cover is not ideal in the current environment and PEG numbers dismal. Latest cashflow is good however.