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

Because they (NEXT) could run both businesses (brands) together, rationalise and improve overall profitability.

it might suit MKS, but as i said, i cannot see any appeal from NXT's perspective

Buy British, consumer spending will hold up, Barclays says
Mon, 22 May 2017
Article viewed 10 times
Share on Facebook
Buy British, consumer spending will hold up, Barclays says
Lloyds Banking Group Quote more

Price: 72.25
Chg: 0.47
Chg %: 0.65%
Date: 11:25
FTSE 100 Quote
Price: 7,495.92 Chg: 25.21 Chg %: 0.34% Date: 11:25
(ShareCast News) - Domestically-focused UK stocks are unloved and underpriced, but unjustifiably so, analysts at Barclays Research believe, as they predict that recent outperformance by the group will run further.
In their opinion, valuations were factoring in a drop in UK consumer spend typical of a recession environment.

Indeed, they key to the economic outlook was still in the hands of the British consumer, they said.

However, inflation was set to peak in the third quarter of 2016 and survey data was pointing to wage acceleration, so consumer confidence should be well-supported from hereon, they said.

"Household savings rates, once adjusted for non-cash items, do not look alarming. Both consumer lending and household leverage statistics remain below the levels seen during the previous cycle," they explained.

So despite "significant" (and surprising) upgrades to estimates for companies' earnings per share after Brexit, the second tier FTSE 250 was "cheaply priced" relative to the Footsie.

UK General retail was discounting a 20-point drop in consumer confidence and UK banks, homebuilders and travel&leisure names also appeared to be cheaply priced, they said.

The same was true of real estate stocks, which "appear to be pricing in a 20% decline in book value, at a time when the IPD capital values index has started to tick higher."

Following on from the 'Buy British' theme of the research report, Barclays added WH Smith, M&S and Lloyds to its European recommended portfolio, while removing Almirall, PPB and SocGen.

Fair enough re the MKS appeal factor. However, traditional retailers are increasingly going to have their work cut out to compete with the virtual brigade.

Only down 1.97% surprised it's not more with all the doom mongering and negative broker sentiment. Nowhere near my Limit Buy (yet) :0)

Although sales remained steady, Marks & Spencer reported a 64% plunge in profits for the year to 1 April after taking a £437.4m hit mainly from changes to its pension scheme, international stores, and UK head office. Keeping the full year dividend at 18.7p, chief executive Steve Rowe outlined causes for optimism as the general merchandise arm' market share started to stabilise and the food business continued to grow like topsy.

The directors have proposed a final dividend in respect of the year
ended 1 April 2017 of 11.9p per share (last year 11.9p). The shares
will go ex-dividend on 1 June 2017.

They will not exist in 2/3 years, sadly old fossils on the board that have not moved with the times. Another company that has sat and watched sales go out the door. Poor clothes and expensive.

SP hasn't exactly bombed. Maybe investors hanging on for the divi a week today.

Profits were ahead of forecasts.

SP has been hammered, doom and gloom around retail sector. MKS reporting next Wednesday 8th. Any good news could ignite SP. Worth a punt long on the spreads even if it manages to climb back up to within lower bollinger band. Went long @ 328.90 tight stop.

.

NXT has been badly clattered yet again ...... a good indicator why high street fashion stocks are best avoided ..... and as far as i am concerned that also includes MKS, BRBY and SPG

Well good for you, no sense of humour obviously :0)

:-)

Maybe the header should read £2 coming soon, dismal results and not likely to get better any time soon imo, unless they receive an approach.

July AGM will see these two women re-appointed by shareholder vote ( although as with many Co's the Proxy-Vote is kept in case the public shareholders make a wrong choice.)... I just hope these aren't being included to reduce the ratio M/F... It is surprising that a Co which tries to sell clothes to Women, fails to have women of that age on the Board. I presume, but cannot be certain, the young buyers are mostly women - but want to offer designs that are close to "in fashion" - with no regard to the needs of the older customers that need a degree of support and evasion to look good at the end of a long day's shopping with the grandchildren.

I heard on the radio M&S were to shut many stores as a re-organisation programme . . . yet I only see RNS dealing with these appointments . . . . maybe I need to delve deeper . . . but why bother? This Co isn't going to change overnight -and the effect of any change will be quite slow . . . . the do no have anyone to effect a radical change from their past-working.

100 outlets going!!!

The Bell Weather for retail just another victim of the modern trends in fashion and poor vision.

Back as a kid I went out with my dear old mum shopping in M&S

Told her that the fashion was awful for a young man.

Now forty years later as an older man it still the fricking same.

Competition has exploded the myth with M&S