Marks And Spencer Share Discussion Threads

[debsdowner] 05/7/2021 08:16

Investing.com – Shares in Morrisons (LON:MRW) surged on Monday after the company accepted a takeover offer from Fortress, in what could spark a bidding war for the UK supermarket chain.

A second private equity group, Apollo Global Management, confirmed to the London Stock Exchange that it is in the preliminary stages of evaluating a possible offer for Morrisons.

The news follows a rejected bid last month from a third private equity group, Clayton, Dubilier & Rice (CDR), whose £5.5 billion proposal was turned down immediately. Morrisons said it “significantly undervalued” the company and its future prospects.

Although the new Fortress bid trumps CDR’s initial proposal, reports suggested CDR has “plenty more petrol in the tank” to make a higher offer.

Amazon (NASDAQ:AMZN), who already has a partnership with Morrisons, was previously touted as a potential buyer although has been tight-lipped on any offer and there has been no suggestion a bid is forthcoming.

Nevertheless, Morrisons is in the eyes of private equity given it owns the freehold on a large number of properties and for its long-standing relationships with its suppliers. The company also owns some of its own food manufacturing sites.

Before the original CDR bid on 19th June, shares in Morrisons were trading at 178p before jumping over 30% to around 240p at Friday’s close.

The current accepted offer from Fortress is worth 252p per share, plus a 2p special dividend.

At 08:05BST, shares in Morrisons were trading higher by 11.5% at 267p per share

[netcurtains] 05/7/2021 08:12

I guess retailers associated with food and with good NAV are going up due to Morrison affect?

[jazz2001] 04/7/2021 18:34

I went to Hedge End M&S today and the lady in front on me asked when the sale would be and was told not heard anything by the staff member. I asked if they were busy. She said they have been so busy with stuff flying off the shelves. She said sales are way ahead of the forecasts. The carpark was very busy. Maybe that's why, unlike so many other stores having their summer sales, M&S are happy to leave the sale late this year. Just my observations but I am tempted with a 10K share buy tomorrow as long as share price does not rise too much. Hoping for a fall early morning and if I buy will keep and forget.

[debsdowner] 04/7/2021 16:04

Joh Lewis to build up to 10,000 homes and some in its car parks !!!



Guardian



JL can build some homes above its Waitrose stores.

Mail

[netcurtains] 04/7/2021 10:29

xxxxxy:
With M&S having NAV of about £2b
but market cap of £2.8b I'm asssuming MKS is cheap.

Morrisons have just accepted a bid of DOUBLE their NAV value.
So that sort of values MKS at £5b

Cheers Net

[xxxxxy] 04/7/2021 08:30

Fingers and toes and everything crossed.

[xxxxxy] 04/7/2021 08:29

?John Redwood@johnredwood·2hThe government seems to be rediscovering freedom to allow us to run our own lives again. Why wait another two weeks? It is well past the time to unlock.

[netcurtains] 04/7/2021 08:10

Morrisons is valued at £6.8b
M&S is valued at £2.9b.

Interesting times.

[debsdowner] 04/7/2021 07:42

John Lewis building up an unsustainable pension deficit

[diku] 03/7/2021 19:16

Would that be share award galore for the MRW insiders?...

[debsdowner] 03/7/2021 14:21

Morrison owns most of its freeholds which could be the subject of a sale and leasback but this is not on the cards



Selling off the freeholds is seen as asset stripping and this was part the downfall of DEBENHAMS.

[debsdowner] 03/7/2021 14:13

smurfy, the bigger supermarkets are making money unfortunately Marks isnt at the moment.

Morrisons is currently yielding 4% and even with an increased offer it will still be on a prosepctive yield of at least 3% so you can see how Morrison is attractive for a US buyer even a private equity UK buyer if they had the money.

If the US can get Morrisions profits back to circ £400 milion or so it will be a good buy.

MARKS is a different ketle of fish at the moment as its going through yet another overall and the company wont know for another year whether its working out.

I think Sainsburys could be the next up for grabs someone has already taken a stake the last few months.

If I was the GOV I would be putting a stop to foreign buy outs.

[smurfy2001] 03/7/2021 11:15

Shows how undervalued the supermarkets are hope this creates some bullish price action here.

[debsdowner] 03/7/2021 10:27

Morrisons accepts new takeover offer from a new predator a US investment company who owns Majestic wines, which is a few pence over close yesterday



Some UK companies are seen as good value for US investment firms with the US market being more over valued than the UK. The takeover values Morrisions at £6.3 billion

The takeover of Morrisions will prevent MARKS share price collapsing.

[xxxxxy] 03/7/2021 09:06

John Redwood@johnredwood39mThe government should change its advice on CV 19 contacts and isolation. They are asking far too many people to self isolate when vaccination greatly cuts the risks of serious illness or spreading infection.

[diku] 02/7/2021 23:03

People working from home is all very well and good from cost point of view...but how does the data protection act fit in...your details is floating about in somebody else's home...the entire family and the dog can have a good look in...an employee working from home can have one of their family member trained up how to answer the phone and do all the necessary protocols...whilst the real employee can go out shopping or have their hair done...



ASDA to allow its 4,000 employeees at its head offices to work permamently from home, this follows Nationwide doing the same.

[mitchy] 02/7/2021 22:50

debs
So do you have an answer to question posed in 8545..ie why do you think MKS rose 10% at one point on the day of results if the results were so bad ?

It's a serious question i'm not trying to make a point I really don't understand why it went up so much then bombed over the following days? Even brokers were upgrading their price targets on the back of those results.

Like you I thought the results didn't make them look like an attractive investment especially for someone on a fixed income but the market really Really liked them.

Was there a conference call with bad news?

Confused of Weymouth.

[netcurtains] 02/7/2021 16:35

Nice finish.

[philanderer] 02/7/2021 14:26

M&S Bank branch closures reflect shift to online

[debsdowner] 02/7/2021 10:31

ASDA to allow its 4,000 employeees at its head offices to work permamently from home, this follows Nationwide doing the same.

This will mean less people mulling around in town and city centres and mean less people in shops.

[debsdowner] 02/7/2021 09:23

showsize, the troll comes on here from time to time, pig sick over my calls the last few years, ignore him, he wasnt happy when I called DEBENHAMS bust.

Diku MARKS can move with the market if the market declines MARKS can decline but not always.

The trend is down on MARKS however.

Cereful, I thought the same with a possibility of the last man standing but it comes as a cost which could place MARKS at a dissadvantage.

[careful] 02/7/2021 09:00

Gap failing yesterday.'Another one bites the dust' as Shakespeare once wrote for a pop song performed in the round.

Some people will still wish to go to shopping the old fashioned way post Covid.
Buying clothes they can see and feel, followed by a cup of coffee.
A day out, people watching and all of that.

A golden opportunity is being created for MKS, one of the last men standing.

Custer's last stand, only this time the cavalry will arrive on time.

There were far too many shops anyway. As Napoleon said a few years ago, 'A nation of shopkeepers'.

[diku] 02/7/2021 08:50

Post 8559...think the entire markets are due for a flush out bath over the coming 6 -8 months...markets are artificially supported by CB...