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

Fears-festive-disaster-M-S-sales-predicted-slide-5-5% -ramping-pressure-CEO-Marc-Bolland.

The board are out of touch with the British shopper. They have had 10yrs to turn around Mark's. They had a pathetic sale (if you could call it a sale) before Christmas.
Is it not better to turn goods over at a lesser profit than hold out at full price and sell far less? Primark just reduce and reduce until the shelves clear. M&S need to get over to Primark and watch. Sadly not got a clue and at the end of the day Mark Boland will walk away having failed with his pockets full.

i agree with the comment re NEXT in the above article
NXT has suffered along with the rest of the market and retailers, but it has a record of surprising investors for the better, so some investigation prior to 5th(?) is warranted

Yeah right LOL!!! And just how credible is a broker who just over a week ago issues a buy rating on a stock with a target of 565p and then fears a so called festive disaster! ?

I would always stand up for M&S but sadly of late I have to say how much better quality is a jersey that costs £35 in M&S than a £10 one off the market. The quality of the merchandise has also dropped . They are sadly going for maximum profit on goods that are far from top quality and the British public are far from stupid.
Next from what I can see are far from cheap but at least have kept the quality up.
Perhaps to late now but at any cost they should of head hunted top buyers/ store advisors from the likes of Next/ Primark etc. Could well be taken over and very easily turned round.

I haven't bought any gent's clothes from M&S for several years now. The quality is rubbish.

They are trying to fool guys with 'all wool this, that and the other', but it's so lightweight and thin it creases immediately and so doesn't look smart for longer than about a couple of minutes.

Their shirts are so short in the body they won't stay 'tucked into' your trousers.

Their underpants are wierdly pathetic too. The fabric is so thin and the elastic is so weak I just can't get to feel comfortable in them. I once read, that Jeremy Paxman had written to them about this particular problem but I don't think they've taken any notice. I googled and quickly found this: HERE

Festive-flop-sparks-trouble-Marks-Spencer-City-braces-dismal-results




Pressure is mounting on the boss of Marks & Spencer with the City braced for another set of grim Christmas figures this week as it emerged the head of its new loyalty card had been fired.

M&S chief executive Marc Bolland will preside over a dismal set of third quarter results on Thursday with analysts forecasting sales for its clothing down by more than 5 per cent.

The mild autumn and competition from online retailers such as Amazon has damaged demand for high street retailers like M&S.

Ok dc I get the point, media have murdered them and a scandal, as one of the female management team has been sacked. Be out sharpish in the morn probably, unless Ftse bounces taking MKS with it but then pigs might fly.

Last one out, turn the lights out.

.

skinny - is that the black hole which has just sucked in MKS and a bundle of other stocks?

It was a link to a Christmas trading update - unfortunately it was 12 months old!

440p gone, unless it bounces (not betting on it) next stop 420p.

LATEST BROKER VIEWS

Date Broker New target Recomm.
4 Jan Haitong... 550.00 Buy
22 Dec Nomura 565.00 Buy
21 Dec RBC Capital... 600.00 Outperform
18 Dec Haitong... 550.00 Buy
18 Dec Exane BNP... 580.00 Outperform
17 Dec Peel Hunt 400.00 Sell
15 Dec Investec 590.00 Buy
15 Dec Barclays... 500.00 Equal weight
14 Dec Deutsche Bank 580.00 Buy
14 Dec Nomura N/A Buy
Broker Recommendations for Marks & Spencer Group

Trading update 7th Jan may pay to wait but the sp will react one way or another before the market opens.
2517

Intraday low 413.05 bounced with Ftse back to test 440p new resistance? Doing nowt till update Thurs. Doing nowt with everything at mo spread bet wise anyway. A month away from any trading till direction clearer, confused from Aberdeen :0)

the whole of aberdeen is currently badly confused
i feel really sorry for all the small local traders who must be having a very tough time indeed

Indeed cynic.

i hear there is/was an ace artisan bakery in the middle of town that had been doing very well but is now struggling to stay afloat ....... a common story i fear

Certainly the price of oil is having a a major impact. WG. and PFC will survive but I fear for the smaller oil equipment and service companies struggling badly at mo.