Griffin Speculators Investment Club
(MAS)     www.marks-and-spencer.co.uk

Retailing and financial services

Why we bought the share (the first time)

The share price had fallen quite a bit and although we thought it
may still have a bit further down to go we are sure that the company will turn itself around eventually.

Why we bought the share (the second time)

The share price had fallen further since we first bought but we still
believe the price will recover and by buying more at a lower price
we will lower our average purchase price.


And since ...

Nov 99 - The shares have continued falling after more profit warnings and downgrades and a generally depressed retail sector. The company have taken many initiatives like cutting back on suppliers an Autumn promotion and the announcement that the stores will take credit cards from next Spring but the shares still kept falling.

01 Dec 99 - Sold @ 2.53. A net loss of £303.86.

STANDING DATA

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COMPANY NAME.......Marks and Spencer PLC
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ACTIVITIES.........Retailing and financial services

HEAD & REGISTERED
OFFICE.............Michael House, 37-67 Baker Street, London, W1A
1DN, Tel: (0171) 935 4422, Tlx: 267141, Fax:
(0171) 487 2679

DOMICILE...........UK

AIC SECTOR.........

AIC SUB SECTOR.....
INDEX..............FTSE 100 .

REGISTRARS.........Lloyds TSB Registrars, Birmingham
BANKS..............Midland Bank PLC
AUDITORS...........PricewaterhouseCoopers
STOCKBROKERS.......Cazenove


DATES/EVENT LATEST EXPECTED
INTERIM ANN 03/11/98 03/11/99
YEAR END 31/03/98 31/03/99
PRELIM ANN 18/05/99 18/05/00
ANNUAL REPORT 10/06/98 17/06/99
AGM 16/07/98 16/07/99