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

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.

Aye unlucky skinny, hope all those who bought at the open managed to get out quick.

Interim Management Statement.

'Marks & Spencer performs well in a challenging trading environment'

· Group sales ex VAT +2.4%
· Total UK sales ex VAT +1.8%: General Merchandise -0.8%, Food +4.5%
· Like for like UK sales ex VAT +0.5%: General Merchandise -1.8%, Food +3.0%
· Direct sales ex VAT +22.4%
· International sales +8.1%

.

RNS Number : 8849V

Itm Power PLC

20 January 2012

20 January 2012

ITM Power plc

("ITM Power")

Pilot Agreement with Marks and Spencer Group plc ("M&S")

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce that it has signed a pilot agreement with M&S (LSE: MKS) to deliver the UK's first hydrogen fuel cell, materials handling equipment trial using on site hydrogen generation.

Using the ITM Power HFuel platform to generate hydrogen, the six week trial involves M&S using several fuel cell vehicles as a direct substitute for part of the existing battery powered fleet. The vehicles will be deployed at M&S's 1.1million sq. ft. Prologis Park Distribution Centre.

The trial forms part of the M&S Plan A initiative and aims to deliver zero emission vehicles with superior performance and a two minute refuel time. The trial is the first of its kind in the UK and demonstrates the cutting edge vision of M&S and ITM Power.

The global materials handling market, valued at US$20 billion, is seen as a key early adoption market for hydrogen with fuel cells already being able to offer superior performance to battery powered systems.

Graham Cooley, CEO of ITM Power commented:"The involvement of companies such as M&S is essential to developing commercially viable hydrogen solutions for the materials handling industry. We are extremely pleased to be conducting this trial with M&S who continue to lead the way for sustainable technology deployment."

Darrell Stein, Director of IT and Logistics for M&S commented:"We are excited to be trialing this solution with a company like ITM Power, and with a technology which has the potential to drive significant carbon reductions from our warehouse operations. If we're to achieve our ambitious goal of becoming the world's most sustainable major retailer then we must continue to innovate and push the boundaries in every part of our business".

Followers of the retail sector should keep their eyes open on Tuesday, as we get a fourth quarter update from Marks & Spencer ahead of full-year results a month later. There's a modest fall in earnings for the year currently expected, but forecasts for the following two years are stronger, with both earnings and dividends tipped to head in the right direction.

The shares have recovered something of late, climbing quite nicely from the start of the year, though they have fallen back a little in recent weeks. But even after the recent appreciation, a well covered dividend of around 4.5% is still expected for this year, so that fourth quarter will be well worth a closer look.

Tuesday April 17 =

Marks & Spencer is set to post an improvement in fourth-quarter sales, spurring hopes that the worst of the conditions on the high street might be coming to an end.

Britain's biggest clothing retailer is expected to report that like-for-like sales of what it calls general merchandise non-food products, including its all-important womenswear has increased by 0.2pc, according to a poll of 10 analysts.

Sales of food are expected to slow down from the 3pc rise in the third quarter, which benefited from Christmas spending, to about 1.6pc

Q4 Trading Statement.

'Continued progress in a challenging market'

· Group sales +0.8%
· Total UK sales +1.2%: Food +3.1%; GM -1.2% (Clothing -0.3%, Home -7.5%)
· Like for like UK sales -0.7%: Food +1.0%; GM -2.8%
· Direct sales +22.8%
· International sales -2.0%