Updates

Marks & Spencer

August 2010

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.

Marks & Spencer produced an encouraging update for the first quarter with group sales up 4%. In the UK like-for-like sales increased 3.6% with a strong performance from general merchandise (+6%), with the group increasing market share 0.5% to 10.7%, thanks to growth in all areas of clothing. Within food, like-for-like sales rose 1.5% as customers responded to the launch of 570 new products as well as several promotions. Consensus eps forecasts for the current year remain broadly unchanged at 31.5p, leaving the shares looking fairly cheap on a prospective PE of 11. Strong hold. ...

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Marks & Spencer -Stronger Q2 heralds re-rating (December 2012)

Marks & Spencer - Pulls back sales growth targets (July 2012)

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Marks & Spencer - Net debt falles by Â£230m (December 2011)

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Marks & Spencer - Improvement in underlying sales (August 2009)

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Marks & Spencer - Aggressive cost cutting (February 2009)

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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.

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