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

historically this has been a very dull stock to hold ..... it's possible that there's some decent upside, but wouldn't hold my breath

Nomura Buy 429.00 420.60 420.00 500.00 Reiterates

N+1 Singer Hold 429.00 420.60 - 445.00 Retains

Final Results

Full year results:
• Group sales up 1.3%1 at £10.0bn
• Total UK sales +0.9%: Food +3.9%; General Merchandise -2.4%
• Like-for-like UK sales -1.0%: Food +1.7%; General Merchandise -4.1%
• International sales +4.5%1
• Multi-channel sales +16.6%

• Underlying profit before tax2 £665.2m (last year pro-forma3 £687.2m; reported £705.9m)
• Statutory profit before tax £564.3m (last year £658.0m)
• Underlying basic earnings per share2 32.7p (last year 34.9p)
• Basic earnings per share 29.2p (last year 32.5p)
• Full year dividend 17p per share (last year 17p)
• Net debt £2.6bn (last year pro-forma3 £2.5bn; reported £1.9bn)

Profit down, eps down, more debt and yet stock up..nuts of bull market :)

I take it the webcast went quite well!

Credit Suisse Underperform 465.60 370.00 370.00 Reiterates

Shore Capital Buy 465.60 - - Reiterates

Espirito Santo Execution Noble Neutral 465.60 370.00 370.00 Reiterates

Investec Sell 465.60 - - Retains

N+1 Singer Hold 465.60 445.00 445.00 Retains

Morgan Stanley Overweight 465.60 440.00 440.00 Reiterates

Q1 Interim Management Statement

'Some progress in General Merchandise and an excellent performance in Food'

· Group sales +3.3% *
· Total UK sales +2.7%:Food +4.5%; GM +0.5%
· Like-for-like UK sales +0.3%:Food +1.8%; GM -1.6%
· International sales +8.7% *
· M&S.com sales +29.9%

Half Yearly Report

Half-year results:
• Group sales1 £4.9bn (last half year £4.7bn)
• Underlying profit before tax3 £261.6m (last half year £287.3m4)
• Underlying basic earnings per share3 13.5p (last half year 14.1p4)
• Interim dividend 6.2p per share (last half year 6.2p)
• Net debt £2,787.2m (last half year £2,629.7m)

Statutory results:
• Profit before tax £280.6m (last year £280.0m4)
• Basic earnings per share 15.5p (last year 13.8p4)

sp 437p falling like a stone.

UBS downgrade to neutral apparently Tp 475p - finger hovering!

Just had a dabble @437p

sp still falling where's the bottom, 400p?

Long March contract on spreads @ 442.0.

Stop to entry for risk free trade.

Out for +15p

Probably a wise move skinny :O)

Powered by IST's
Deltastream

Have a limit buy to add waiting @ 452.7 not holding my breath, volume will need to jettison. If triggered looking for 460.0

MACD looks well set up Chris.

The $64,000 question is MKS going to do a DEB or a NXT?