||EPS - Basic
||Market Cap (m)
|Food & Drug Retailers
Morrison Share Discussion Threads
Showing 9851 to 9875 of 9875 messages
|If anyone is ever in my area worth checking out their Weybridge store,
very impressive, and busy.|
A very interesting read on some of the strengths of MRW.
Life has been difficult for the UK’s four largest supermarkets over the past few years but now the light at the end of the tunnel appears to be shining through.
Morrisons (LSE: MRW) has executed one of the best turnarounds of the group thanks to management’s decision to take the company back to its roots. The firm was built around the idea of offering shoppers high quality produce at low prices, exactly what the hard-pressed UK consumer needs today.
The company’s results for the year ended 29 January 2017 show just how the return to basics has helped it improve its prospects. According to the figures published this morning, for the year Morrisons reported profit before tax up 49.8% year-on-year to £325m and like-for-like sales ex-fuel and VAT up 1.7%, in the first year of positive sales growth since 2011/12. Sales grew above-trend during the fourth quarter with the company reporting like-for-like growth of 2.5%. Turnover for the year was up 1.2% to £16.3bn despite store closures, which shows the strength of the Morrisons brand and is testament to management’s online expansion strategy.
Ready for further growth
Morrisons is firing on all cylinders, and the company is now well-placed to grow steadily over the next few years. What’s more, actions to cut costs, pay down debt and reorganise the company’s store portfolio mean that the firm now looks to be one of the safest investments around.
Indeed, its key strength has always been the balance sheet, which remains the case today. The company has £7.2bn of property and £1.3bn of net debt. Management is looking to reduce net debt to £1bn by the end of 2017/18.
With a reported free cash flow of over £600m for the past two financial years, there’s no reason why the company can’t achieve this target and maintain shareholder payouts. When debt is reduced and profits stabilised, Morrisons will be a cash machine, and I expect management to increase the company’s per share dividend payout dramatically.
At present, the shares support a dividend yield of 2.2%. Over the next decade, I expect it will become one of the market’s best income stocks as it rewards shareholders with hefty cash payouts.|
|scotches, the shares on loan data is thought to be prone to double-counting of loaned shares which are then loaned on and they are also supposed to be loaned for reasons other than settling short sales, like for the use of the voting rights. I know of no reasons large numbers of loaned shares would not be counted by clearing. Nothing is certain but I'm confident enough to trouble the FCA with it. The FCA are better able than me to notice this discrepancy, they might have even mislaid some declarations, if it's the FCA's fault I'd be satisfied if they just get it right in future. Making a complaint against the FCA is just probably the simplest way for a private shareholder to get them to act.
Yes that Pelham position looks like a good candidate for some of the discrepancy.|
|Nerd. Is the Euroclear position certain to be accurate and the fault lie with the FCA. Maybe they can fine themselves then.
Any ideas on that Pelham position which has just celebrated a third consecutive year of being stuck on 1.25% short = 29 million shares.|
|scotches, this morning I made a complaint to the FCA against the FCA for publishing false declarations re MRW. I've made complaints to and against them before about their failure to publish the daily updated spreadsheet and these complaints were upheld by them and the spreadsheet has been more reliably published, so I think they take complaints seriously. There doesn't appear to be any other way to work with them other than official complaints. There is a further option to make a complaint to ESMA against the FCA. Anyway, give it a few days and they might update the spreadsheet with up-to-date short positions.|
|<<...shorts data looks fake now, it exceeds shares on loan data>>
I put a link above at the end of the header info to the daily short position excel sheet as produced by the FCA (Financial Conduct Authority). The shortracker report is identical to the FCA listings apart from the fact that shortracker may be a day behind if there is a recent change. At the moment both have the disclosed shorts at 16.89% of the company.
I don't know what punishments await a company for false short declarations but you would think the proliferation of fines should make financial companies eager to be accurate.
I wondered some time ago that at least one of the declared positions seems very odd. Why would this fund be holding short 1.25% of the company for a full three years. If it is to offset an alternate long position then that seems baffling as well. How can a company benefit overall when the short position incurs dividend and loan fee costs.
Pelham Long/Short Master Fund Limited WM MORRISON SUPERMARKETS GB0006043169 1.25 2014-03-13|
|I'm not a nationalist, I'd prefer humanity to unite under a global government and I don't think I'd like home grown oranges but a Buy British campaign might be good for the UK's largest fresh food producer.
|pherrom, shorts data looks fake now, it exceeds shares on loan data.|
|Good Recovery !|
|Two director purchases but shorts have increased to 16.9%.|
|"The Company announces that on 13 March 2017, Neil Davidson, Non Executive Director, purchased 12,800 ordinary shares of 10 pence each ("Shares") in the Company on the London Stock Exchange at a purchase price per Share of 234.8p."|
|The rating demands faultless execution, and in a market where competitive
pressures only appear to grow.|
|Well, the smiles were on the faces of shorts.
Seems to have been a case of selling on the good news. The results were exactly as guided in advance, good but nothing extra that I hoped for.
Still, MRW remains the pick of the bunch. Not many companies with a pension surplus with our current ZIRP. BT has 10 billion deficit and Tesco about 3 from memory. Owns 80% of stores, whereas Tesco is saddled with a mass of RPI-up-only leases. Low and on course-to-disappear debt.
Admittedly forecast profit rise is not great but then thanks to extreme BoE policy all yields are relatively low.|
|Wet Dream Begins !|
|Nightmare Over !|
|I've doubled my holding - great dividend !|
|Ha ha. Shorters are funny. Some of them will have taken advantage of the dip and closed but they are the tip of a massive iceberg. Good results, I'm very happy to hold.|
|Recovery Continues From Here !
|Pe ration of over 20 far too high in a highly competitive sector and set to get even more so. I expected a fall coming.|
simon templar qc
|I've sold mine this morning. The new CEO has done very well but it will get tougher from here I would guess.|
|Nothing much wrong with the results that I can see.
Quite bizarre though to have no mention of current performance or near term outlook!
Just some vague platitudes about the "medium term" plan being on track.
Hopefully there will have been more info provided (or demanded) on the analysts call.|
|No news is good news|
|Looks like it !|
|down 4.6% ??????|