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Morrison Share Discussion Threads
Showing 9801 to 9823 of 9825 messages
|Thanks scotches; another very informed posting.
Meanwhile MRW's price is fighting again the 250 defence. The price action suggests some careful action, presumably by the closing shorts. It is allowed to slowly jump by about 10 pence every time there is upward pressure to allow shorts to buy-back as much as possible from genuine sellers.
Soon the year-end results will come out. Profit is likely to be a bit better than indicated to analysts. I believe the best surprise could be an even greater reduction in debt than MRW's plan; MRW will soon ( about 2 years ) be almost debt-free on the current trajectory.|
|Sorry countless, if you disagree please explain. I'm always open to intelligent insight.If that article implies retail can raise prices using inflation to mask the rise, for me that's unviable unless all shops raise prices accross the board, including aldi and lidle et al. However, people have become more value conscious which resulted in people deserting the big four in the first place, so imo, people will not fall for it this time.|
|Terminated - honestly the things you say!|
|Beyond the short squeeze I just don't see how this price is substantiated. How can inflation be good for any retailer? Less money in people's pockets equals less expenditure, and was this not the reason retailers collapsed in the first place. Morrisons is probably the best placed but I don't get how revenue is supposed to rise over the next year.|
|Substantial fall in number of shares on loan just made public by Euroclear confirming trend seen in declarations above 0.5% made to FCA.
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 16.54% of shares in issue (Dec 19.36%, Nov 20.57%, Oct 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%).|
|Stealing Tesco's new bride is an idea according to these bloomberg writers.
"A combination of Booker and Wm Morrison Supermarkets Plc would make sense. Morrison is building up its own wholesale arm, enabled by the manufacturing facilities that produce about a quarter of the food its sells. Under Morrison's previous management, the two companies held talks that came to nothing. But there's a new management team in place now, with a renewed focus on wholesale.
A combination with Morrison would also be more evenly balanced. Even with no premium, Booker shareholders would own around 37 percent of the business. They would get a bigger share of any merger benefits and their growth story wouldn't be totally overwhelmed. The snag is that the merger benefits may be smaller than with Tesco, and Booker shareholders might have to settle for less cash.
Morrison probably wouldn't face much other domestic competition. Walmart would be better off selling its Asda chain and J Sainsbury Plc is busy integrating Argos."
|too soon? Morribury’s:
|One consolation for KM. latterly must have been to witness David Potts' efforts to restore the business to its former strength, and to stick with the vertically integrated system, off which it is clear now how important an asset this is to the business, particularly in a world where the consumer expects to understand more and more the source of the product.|
|It is an astonishing achievement for KM. to take this company from a relatively small Bradford retailer to a its current status as one of the country's leading food retailers, particularly as it remained very much a family business in his style of involvement and leadership, he always let the business do the talking by maintaining a straightforward attitude to old fashioned values, it is only recently that MRW has had to adjust to the intense level of competition, but the foundations were installed by him to ensure that the business was strong enough to retain its position through some pretty testing times such as the takeover of Safeway, and the changing faces at the top in the last ten years.|
|RIP... great lifetime achievement
|Ken Morrison passed away today
|JAF - You comment is great and I totally agree.I sold the second and final lot of my MRW holdings last Friday and invested one third of the money on Carillion today. I prepared to hold this share for a year or two. In the mean time, I am happy to collect the juicy dividends until the share price recovers in due course.|
|I sold out at 241.4 this morning. I still believe MRW is on it way to recovery. However, I find there are better opportunities somewhere else. All the best for all holders.|
|The Telegraph are understandably trying to generate more cash from their website. Unfortunately this now means more stuff is now behind a "premium" paywall including the financial column Questor. On Tuesday 17th they were celebrating a 10p uptick on their 229p tip on MRW on Oct 25. No mention of course of the 120p loss on their previous MRW trade, 20130824 BUY 293, 20140902 SELL 173.5.
hTTp://www.telegraph.co.uk/investing/shares/serco-shows-renewed-health-turnaround-plan-lifts-profits-cuts/ (The MRW section is after the SERCO bit).
A 2.9pc increase in like-for-like sales (excluding fuel and VAT), dubbed the company’s best performance in seven years by boss David Potts, leaves us with a solid early gain in Morrisons.
We are looking forward to more as Mr Potts’ turnaround plan starts to pay off, especially as the Bradford company is turning the improved top-line figures into higher profits and lower debt.
As part of its festive trading update last Tuesday Morrisons added that underlying pre-tax profit for its whole financial year would exceed market expectations – reaching between £330m and £340m. That would mark the first increase in profits since 2011.
As with Serco, lower debt means lower risk and that can mean a higher rating for a stock, providing a welcome double-whammy for shareholders, as the market may now start to pay a higher multiple to access higher earnings forecasts.
At first glance the shares do not look unduly cheap, on around 21 times forecast earnings. This is a big premium to the broader market, which trades on nearer 15 times.
However, value investors will be intrigued to see that the company’s market cap and net debt come to £6.9bn while tangible fixed assets on the balance sheet are £7.1bn.
The supermarkets still face fierce competition but expectations are low, debt is falling and the stock still looks cheap on an asset basis.
Questor says: Buy
|Nerdlinger - 10 Jan 2017 - 18:17 - 1435 of 1439 - 0You think the share price is high now? Wait and see what happens when the massive short position finally closes.That is exactly why Nerdlinger posted the above comments.The present share price has covered the effects of the massive short position to date.As the short will eventually be closed, the price of MRW will .......|
|That's still quite a lot....15%!!!!|
|The shorts reduced the position down to 15.1 %.|
|Madoff cash, transactions growing and basket size decreasing is what the industry is seeing. More small shopping visits buying as and when, not a big weekly shop. You cannot say that it is a negative, it is just a swing in the way the money has been spent.Also, who is to say market share at Morrisons declined? The kantar data is a 50,000 person sample and is clearly misleading as it did not identify Morrisons as a winner over Christmas and then look at their sales. Market share cannot decline if they see one of the strongest year on year growths can it?Always take the kantar data with a pinch of salt at best I would say, scaling up a sample is never going to give a true result and the last three major headlines produced by kantar have been inaccurate vs the numbers the companies then put outThanks|
|You think the share price is high now? Wait and see what happens when the massive short position finally closes.|
|madoff- I wish your estimation of a price between 180 and 220 will be correct, so I could get more of MRW. However, I would like to know what your estimation is based on?Based on the momentum of the rise of the share price, I rather believe it will go up to 250 - 255 pretty soon before taking a breather.|
|Don't understand the enthusiasm here. Sales grew. That's positive. But the market-share loss trend continues. Last year their market share during 12 weeks period to 03/01 is 11%. This year it's 10.9%. All big four lost their share of market to discounters and Waitrose (even to Iceland).
Dig in today's report a bit detail. Volume growth is negligible. There was a transaction growth (reflecting more customers), but the basket size shrank which off set the volume growth. Btw, this declining basket size trend is continuing. That's probably why supermarkets are concentrating on smaller, convenience stores for growth. And almost all the sales growth come from increase in food-to-go, i.e. prepared sandwiches and snacks. (It's interesting to see how eating habit of consumers change over time.) So the size of the growth I don't think they can maintain.
There's still a relentless margin pressure. No doubt progress has been made under new management. But there's little scope for further improvement. The shares look over-valued. My estimate is somewhere between 180p and 220p.|
madoff with cash