image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

SIGN UP NOW
Updates

Marks & Spencer - Improvement in underlying sales

August 2009

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • MKS
  • Price:
  • 329p
Shares in Marks & Spencer bounced sharply after it reported better than expected trading for the 13 weeks to 27 June. Helped by the sunny and warm weather total UK like-for-like sales fell 1.4%, which was far better than the 4.25% decline seen in the previous quarter. In the food division, underlying sales fell 0.5% while general merchandise fell 2.4%, which compares with declines of 3.7% and 4.8% respectively the previous quarter. The consensus of broker forecasts are pointing to a pretax profit of £519m for the year to 31 March 2010, rising to £578m the following year, while eps is expected to be 23.3p and 26.3p respectively. We originally added the shares to the portfolio at 215p last No ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

Marks & Spencer (August 2017)
Marks & Spencer - To close 53 international stores (January 2017)
Marks & Spencer - CEO review leads to eps downgrades (August 2016)
Marks & Spencer - Outperforms food sector (May 2016)
Marks & Spencer - Sharp rise in gross margin (February 2016)
Marks & Spencer - Strong rise in gross margin (December 2015)
Marks and Spencer - Shares hit new high of 577.5p (June 2015)
Marks & Spencer - Beats forecasts thanks to gross margin gains (December 2014)
Marks & Spencer (August 2014)
Marks & Spencer (March 2014)
Marks & Spencer (January 2014)
Marks & Spencer - High hopes for Autumn/Winter clothing range (August 2013)
Marks & Spencer - Food sales gain offset clothing decline (May 2013)
Marks & Spencer -Stronger Q2 heralds re-rating (December 2012)
Marks & Spencer - Pulls back sales growth targets (July 2012)
Marks & Spencer (March 2012)
Marks & Spencer - Net debt falles by £230m (December 2011)
Marks & Spencer (September 2011)
Marks & Spencer - Eps rises 16% (July 2011)
Marks & Spencer (May 2011)
Marks & Spencer - Shrugs off snow disruption (February 2011)
Marks & Spencer - Sound strategy unveiled (December 2010)
Marks & Spencer - Shares have gained 91% (November 2010)
Marks & Spencer (August 2010)
Marks & Spencer - Sharp fall in net debt (July 2010)
Marks & Spencer (May 2010)
Marks & Spencer - Tight stock control maintains margins (February 2010)
Marks & Spencer - Beats forecast; CEO more upbeat (December 2009)
Marks & Spencer - Beats forecasts (November 2009)
Marks & Spencer (June 2009)
Marks & Spencer - Aggressive cost cutting (February 2009)
M&S - Interest rate cuts could galvanise shares from eight year lows (December 2008)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X