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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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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.

  • Epic Code:
  • MKS
  • Price:
  • 347p
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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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