Morrison (wm) Supermarkets Share Discussion Threads

[glasgow13] 28/6/2021 17:56

Got mine with iWeb

[igoe104] 28/6/2021 17:24

Got mine with AJ Bell issa account. Im not to thrilled with the EQI move to ii seems more expensive with its fees as well.. luckily only 15% of my Portfolio is in that share account.

[philanderer] 28/6/2021 17:15

Anyone received their dividend today ? I was with EQI who used to pay dividends right on the nail but "ii" have taken them over as from today and there's no dividend credited today.

[philanderer] 28/6/2021 13:40

Financial Mail on Sunday


A takeover of Morrisons could see the supermarket giant shift offshore for tax reasons, experts fear. The grocer is bracing itself for a fresh offer from US group Clayton, Dubilier & Rice (CD&R) after an initial £5.5billion bid was rejected last week. But it is feared that a private equity buyout could see Morrisons' tax base shifted out of the UK.

[chef2] 27/6/2021 21:23

Well if there is a deal it will be at 2.80-3.00 +, which is a good premium to the current price imo it will be a quick and easy profit, I doubled my holding on Friday at 2.32 having previously brought in well pre Div at about 1.71

[torncrown] 27/6/2021 12:40

Is it worth jumping in now ?

[chinese investor] 27/6/2021 08:22

Morrisons suitor Clayton, Dubilier & Rice is expected to 'clarify' its intentions for the supermarket as soon as in the next ten days – a move widely expected in the City to be confirmation of a formal £5.5billion approach.

The Mail on Sunday understands there are rival investment firms that will not trigger active engagement until CD&R reveals its intentions.

Lone Star, Apollo, KKR and Amazon have all been listed as potentially interested.

Sources said several major private equity firms are monitoring CD&R's position with a number working 'very informally and at a very early stage' on their own potential proposals.

The company is being advised by former Tesco boss Sir Terry Leahy who is an old colleague of Morrisons chief executive David Potts and chairman Andy Higginson – also previously Tesco executives.

If the US giant showed its hand that soon, it would be well before a 'put up or shut up' deadline which expires in three weeks' time.

The US giant has said there was no certainty a formal offer would be made.

But the market is rife with speculation CD&R could even increase its bid.

One City source said: 'The assumption at the moment is that this is all about finding the right price to get the board to the table. There are some other big investment firms thinking quite hard on this and waiting to see what Sir Terry and his backers do before then deciding whether to step up their own interest or not.

'There is a question over whether Terry's past relationship with the board puts them too far ahead – but I also think people recognise that this is a public company and that the board is committed to giving the best outcome for the business and for its shareholders.'

CD&R and Morrisons declined to comment.

CD&R owns the largest independent forecourt operator in the UK, Motor Fuel Group, which provides it with a more comprehensive investment case than potential rivals.

It reportedly tried to sell the business for £3billion before the pandemic and may instead seek to merge the two businesses.

That puts it in a similar position to the Issa brothers, owners of petrol forecourts giant EG Group, who recently acquired Asda in a £6.8billion deal against stiff competition.

A buy-out may include the sale and leaseback of some of Morrisons' property assets to help finance the deal.

One City source estimated more than £1billion of property could be considered without damaging Morrisons commercially.

[philanderer] 27/6/2021 00:41

Morrisons stalker Clayton, Dubilier & Rice could spark bids battle for supermarket 'in days'

[philanderer] 25/6/2021 12:13

They're busy people ;-)


In corporate news, UDG Healthcare (UDG) edged up 1% to £10.56 as US private equity firm Clayton, Dubilier & Rice said it is mulling an improved and final takeover offer for the healthcare services group at £10.80 per share.

[scotches] 25/6/2021 10:17

Breakdown of shorter performance v MRW

[chinese investor] 25/6/2021 09:54

5.00 p.m. on 17 July 2021 !

[gregmorg] 24/6/2021 21:27

I see from the FT that Black Rock and Citadel have started closing their shorts on Morrisons. Nice to see the shorts burn a little. Gives the small investor hope that sometimes there can be SOME retribution around! Must admit I am rather surprised as to how quiet the top team at MorrisonS has been--maybe too busy cleaning the double barrels, said he hopefully!

[leadersoffice] 24/6/2021 20:30

£3.50

[gombie] 24/6/2021 15:56

The thumbs up symbol comes under as a question mark.

[gombie] 24/6/2021 15:55

Should be: Here Here?

[gombie] 24/6/2021 15:54

Here Here ?

[grafter] 24/6/2021 15:30

Get on with it Potts -

[hades1] 23/6/2021 15:40

Strange investors BB?Let's hope the offer is upped.Believe they have already hinted via brokers a number of 280p?Hope lives eternal.

[ashleyjv] 23/6/2021 15:18

Not sure the board actually want to sell.

[chinese investor] 23/6/2021 14:49

Why don't the Morrisons board just say what bid would be acceptable ?

[nhs buyer] 23/6/2021 14:07

This PE bid will not be accepted, is bad for all concerned, it wont be accepted because they are not adding any value, sure they will sell the stores, petrol stations etc and force MRW to lease them back, taking out the money for themselves.

MRW can do that tomorrow if they wished so unless they come up with a way to add value, it will not be accepted.

L&G a major shareholder / very influential has already expressed major concerns, not against a T/O but this particular T/O., they say the intrinsic value of MRW assets is around £3 so either the bid has to get close to that to force their hand, OR another bidder comes in with a different approach rather than stripping it down and milking MRW dry, then selling off what's left in 5 years, anyone can do that even the current board.

[philanderer] 23/6/2021 14:02

'Farmers plead for continued support if Morrisons changes hands'


National Farmers Union says it will keep watch over any potential takeover of Britain's fourth-biggest supermarket chain