The appointment of a new Food Division Managing Director – not unexpected after the change of tack on Food at the Nov 17 Interims – reinforces the sense that significant further re-positioning commentary is likely at the 23rd May Prelims – possibly accompanied by negative numbers impacts. We wish to neutralise our recommendation before the pre-announcement positioning work from the company starts. We feel that buying the stock before announcements that are likely to presage

23 Mar 2018
Rating downgrade – risk too high pre possibly momentous Prelims - TP -21%

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Rating downgrade – risk too high pre possibly momentous Prelims - TP -21%
Marks and Spencer Group plc (MKS:LON) | 394 0 0.0% | Mkt Cap: 8,102m
- Published:
23 Mar 2018 -
Author:
Tony Shiret -
Pages:
3 -
The appointment of a new Food Division Managing Director – not unexpected after the change of tack on Food at the Nov 17 Interims – reinforces the sense that significant further re-positioning commentary is likely at the 23rd May Prelims – possibly accompanied by negative numbers impacts. We wish to neutralise our recommendation before the pre-announcement positioning work from the company starts. We feel that buying the stock before announcements that are likely to presage