||EPS - Basic
||Market Cap (m)
|Food & Drug Retailers
Morrison Share Discussion Threads
Showing 9751 to 9774 of 9775 messages
|I'm baffled as to what has fuelled the high rises in retailers over the last 3 months. There has been no news pointing to a dramatic turnaround in retailers fortunes and at most there seems to have been some news that suggests there has been a halt in the slide downwards. On the back of this shares have risen between 20-30%. Surely further rises have to be based on a firm belief profits will dramatically increase, and I just don't see how that will happen. The current market cap of 5 billion would need to be sustained by a profit of 400-500m but they are projected to make between 300-350m going forward. On this basis the short interest seems understandable.|
|MRW have announced the relaunch of the Safeway brand as a further expansion of their production facilities into wholesale. Shops wont be badged as Safeway, just the products taken by independents. Together with the Amazon wholesale deal this meets one of the negative criticisms of the manufacturing divisions that previously it had only one customer - ie Morrison shops. The risk then was that any inefficiences in production would be masked whereas now these new customers could go elsewhere if the MRW wholesale offering is on poor terms.
They are also expanding the petrol forecourt mini shops.
|Steady Progress !|
|TWO NEW MORRISONS INITIATIVES IN THE CONVENIENCE MARKET|
|At the time of the annual report the best that could be said about the Ocado tie-up was that, "...online losses are reducing" (See page 7 hTTp://www.morrisons-corporate.com/annual-report-2016/pdf/Morrisons_AR_2015_Web_Full.pdf)
The Ocado deal was revised in August but at the time it was indicated that further investment meant that "...break-even point for Morrisons.com will be slightly later than originally planned" (See post 1223.) So as we have all known for some time online trade has contributed absolutely nothing to profits for this company. Yet the pundits still claim that the problems over the last few years were down to a lack of an extensive online presence.
The new Amazon deal is an extension of the existing wholesale arrangement. hTTp://www.yorkshirepost.co.uk/news/morrisons-launches-one-hour-delivery-service-1-8242535 - the deal seems to have been well received (by these same pundits I suppose).
Morrisons can set the price at which it makes goods available to Amazon. It's not Dalton making the decisions now so I think that we can presume that Potts is making a profit on these sales. Let Amazon deal with delivery - they are good at it and don't seem to care about being profitable.|
|Possibly might just work in inner London but not over sure that the deal is a good one for Morrisons. Time you take out your pickers & Amazon's cut, down to the bare bones for me on this one. Perhaps I'm wrong but would love to know of details on all supermarket on-line shop & drop profit margins.|
|Up and up again!|
|New one hour delivery partnered with Amazon Prime.......|
|Still Looking Good !|
|Just like the full moon!...|
|All Looking Good !|
|Thank you Nerdlinger - very interesting.|
|countless, I wouldn't hold your breath, it doesn't change much.
Average number of shares on loan (the number of shares on loan is widely accepted as a proxy for the total short position) last month according to Euroclear was 21.76% (Sep 22.57%, August 21.70%, July 21.77%, June 21.65%, May 21.25%, April 20.40%, March 22.12%, Feb 22.68%, Jan 22.31%).
The short position disclosed to the FCA (and reproduced on shorttracker.com only includes individual positions higher than 0.5% and is, therefore, not the TOTAL short position but this) seems to show now that all the usual suspects are taking up the slack played out by Lansdowne. Some hedge funds appear to be very keen to hold short positions in MRW, even at huge and increasing losses, but they never take the total shares on loan above 23%, perhaps that is all that is available to borrow.
If we have reached a ceiling to the total short position then the hedgies have run out of heavy ammunition for manipulating the share price down or preventing its recovery. And then they have to buy 20-odd percent of the shares in issue. A short squeeze seems inevitable. Both inevitable and massive.|
|good volume again today - it will be interesting to see how many shares are on loan by the end of the month.|
|Only a couple of days now till the shorters are due to pay about £7m in divis.
With regard to divis one of the stated positions looks like a typo. Why would this lot still be sitting on a 1.25% short position. Their initial prescient sells back in early 2014 at about 240-250 are now for nought as they will have paid out 20p in divis since that period plus the borrowing fee.
I thought the idea of a shorter was to trade and score wins - not to hold for ever. What about "put" options if you really think the price is about to fall - no divis or fees to pay just the initial premium.
Pelham Long/Short Master Fund Limited 1.25% 2014-03-13
Pelham Long/Short Master Fund Limited 1.19% 2014-02-12
Pelham Long/Short Master Fund Limited 1.09% 2014-01-16
Pelham Long/Short Master Fund Limited 0.91% 2014-01-15
Pelham Long/Short Master Fund Limited 0.74% 2014-01-14
Pelham Long/Short Master Fund Limited 0.61% 2013-11-26|
|Media coverage of their Q3 update today very positive so far.|
|Another short is closing.|
|I've bought more of these after selling LEG !
240p Soon !|
|Looking Good !|
|Hard to swallow|
|Sales of marmite to decline following Morrisons decision to jack price increases of 12.5%|
|Lansdowne fallen off the spreadsheet now at 0.46%. I think overall they won some money. Most of the short position here now seems to be held by losers.|
|They have not got many staff in the shops now,i feel some news after xmas will not be good.Particularly for what staff they have left.|
|Continue to loose market share and falling sales...
How high can it go ?|