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

Re - Entry triggered 382.2 (SB) triggered.

Christhis is another Royal Flush at these pricestake it from meIm lucky!

Cheers Tabby, hope that's not the kiss of death mate! :O)

Sincerely hope this is not a dead cat bounce. Stop to entry for risk free trade.

Closed @ 387.3 + 5.30
Broker downgrade (Ing) hasn't helped the cause.
Limit Buy @ 392.0

Interim Mangement Statement.

QUARTER 3 2010/11 - INTERIM MANAGEMENT STATEMENT

13 weeks to 1 January 2011


Group sales +4.0%

Total UK sales +4.0%: General Merchandise +4.4% (Clothing +4.7%; Home 2.7%);

Food +3.5%

Like for like UK sales +2.8%: General Merchandise +3.8%; Food +1.8%

6p down.I fancy them to end the day uptrading statement as usual low keybut Bolland knows how to save a few quid

With a Divi payment coming up on Friday and current market sentiment can only go one way now imo. Think your right about Bolland Tabby, will be a good recovery play eventually.

Marks and Spencer bouncing off a strong support line going back over a year. Trading range set up.

Going well today, lovely bounc off support line.

Broker Upgrade.....


Marks & Spencer Group
FTSE 100
Consumer, Cyclical
Buy
475
340.9
39.3%
Execution Noble

Target SP 475p 39.3% upside.

M&S have hit around the same bottom four times in the last year...my guess is this will only be going one way over the coming year...and I am fairly confident...

MKS on a bit of a run.

Final Results.

-- Final dividend 10.8p, up 13.7%; total dividend 17.0p up 13.3%

-- Net debt GBP1.9bn down GBP167.5m (3 April 2010 GBP2.1bn)

Statutory results:

-- Profit before tax GBP780.6m (last year GBP702.7m)

-- Basic EPS 38.8p (last year 33.5p)

Business highlights:

-- Increase in Clothing market share of 50bps(2) to 11.7% with growth across all areas

-- Increase in Food market share of 10bps(3) to 3.9%; 1,900 new lines launched

-- More choice in stores through innovation

-- International sales up 6.1%(4) to GBP1bn; 49 new stores opened

-- Direct sales up 31%

-- Early progress against the three year plan

Half Yearly Report.

"Marks & Spencer performs well in a challenging environment"

Half-year results:

Group sales ex VAT up 2.4% at 4.7bn

Total UK sales ex VAT +1.6%: General Merchandise -0.8%; Food +3.9%

Like for like UK sales ex VAT +0.5%: General Merchandise -1.3%; Food +2.1%

International sales ex VAT +9.0%

Underlying profit before tax1 315.2m (last year 348.6m)

Profit before tax 320.5m (last year 348.6m)

Underlying basic earnings per share 15.6p1 (last year 16.6p)

Basic earnings per share 16.0p (last year 16.6p)

Interim dividend 6.2p per share (last year 6.2p)

Net debt 1.97bn (last half year 2.2bn)



Operational highlights:

In General Merchandise we invested in offering customers better value in a highly promotional market

Strong performance in Food

Maintained market share2 in Clothing and Food despite tough comparatives

Managed our cost base tightly

Delivered more choice in stores through innovation:

- 900 new lines launched in Food

- first ever fast fashion collections introduced in M&S Woman

M&S Direct sales up 11.7% with over 3 million visits per week

International sales up 9% with strong LFL growth in key markets

Good progress with supply chain and IT programme implementation

Progress against the three year plan

Launched new 'Only at Your M&S' ranges including

- 100 new international food brands

- New Conran and Marcel Wanders collections in Home

New store segmentation and in-store presentation pilot launched in 15 stores

M&S brand and all clothing sub-brands re-launched

French shopping website now live; new Paris store opening before Christmas

Style Online multimedia shop trial now in 3 stores

Exclusive new menswear collaborations announced today with Richard James

Through 340 atm.

Gone short here @343

Just been closed @332.2 + 10.8

good one skinny :O)

Cheers Chris - looks like I was a bit premature.