Morrison (wm) Supermarkets Share Discussion Threads

[scott6862481661] 10/9/2023 18:48

"Positive outlook for Morrison's stock performance."

[michael197] 10/9/2023 18:38

"Positive outlook for Morrison's stock performance."

[solarno lopez] 10/9/2023 17:40

When Sir Ken Morrison went so did the company

[jessebrak] 09/9/2023 22:20

"Positive outlook for Morrison's stock performance."

[obinnasap007] 09/9/2023 20:05

"Positive outlook for Morrison's stock performance."

[maxk] 17/8/2022 07:34

If anyone is still interested..



Aldi to overtake Morrisons as UK’s fourth largest supermarket

Cost of living crisis forces shoppers to switch grocery shops

By
Laura Onita
16 August 2022 • 6:54pm


Aldi is on track to overtake Morrisons as the country’s fourth biggest supermarket within weeks, buoyed by the cost of living crisis.

The German discounter increased its market share to 9.1pc in the three months to Aug 7, from 8.2pc a year ago, while Morrisons dropped from 10pc to 9.3pc, according to the latest figures from Kantar.

“In very short order we’ll be talking about a new Big Four: Tesco, Sainsbury’s, Asda and Aldi,” said Clive Black, a retail analyst at Shore Capital. “I think in the next one or two months, and there's no going back for a while.”

Aldi and fellow German discounter Lidl have been boosted by “unnatural footfall,” Mr Black said, as the cost of living crisis prompts many shoppers “who ordinarily would not be striving for deep value” to switch between grocery shops to keep costs down.

[albert3591] 07/4/2022 14:27

Spoke to a friend of mine today,he said he heard managers talking about liquidation.Absolutely no idea if it’s true,it was after a big meeting.

[scotches] 07/4/2022 09:00

Remember when no major sales of assets were promised.

An escape from the ultra competitive grocery sector in the 280s now looks a gift. One wonders if rivals (ie SBRY) artificially buoyed by the bid process here may return to similar pre-bid valuations.

[bashby] 30/10/2021 08:58

Thank you scotches - passed on your gratefully received information.

[bashby] 29/10/2021 12:12

leadersoffice - Many thanks for your helpful reply. Neighbour is 86 yrs of age and is really very grateful for the reassurance. Fortunately, certificates are in her name and I have validated they are properly registered with equinitic. Not able to speak with them - they only take email!

[leadersoffice] 29/10/2021 06:14

She'll just be paid out. If she is the registered holder then the cheque will be made out to her. If it's still in husbands name ... she'll need to contact the company's registrars. Reassure her she'll be laid out. I'm not a small mount in certificated form from 2004. Same will happen there and I hold the rest in nominee. Where to invest the money.... That's the question. Could do with putting it in sone good company that pays a good dividend. Good luck

[bashby] 28/10/2021 09:46

An elderly widow neighbour holds about 2000 Morrisons shares in paper form - came to me this morning asking what to do? Any idea as to how she will be able to realise value of around £5K which is a lot of money for her? She found them in a box with a number of Sainsbury shares only when seeing an item of the news and recalling her late husband purchased them many years ago.

[leadersoffice] 27/10/2021 04:49

Farewell Morrison's PLC as we've known it. Been a good solid investment for nearly 20 years. Shall miss you. On to the next bandwagon ..... BT !!

[nice_bloke] 26/10/2021 08:29

Wm Morrison Supermarkets PLC - Bradford-based grocery chain - Says request made for suspension of shares with effect Wednesday, amid takeover by Clayton, Dubilier & Rice LLP. Shares to be cancelled a day later. CD&R's GBP7 billion takeover of Morrisons was approved by shareholders last week Tuesday. Some 99% of Morrison shareholders backed the takeover.

[jezza123] 22/10/2021 11:17

ok - so the offer has been accepted is that it then? Or could a later gazumper arrive....

[marky1965] 20/10/2021 07:50

Why are people still buying these shares

[goldpiguk] 19/10/2021 21:17

Hi albert3591,

Yes, of course you are correct. More sale and leasebacks are bound to happen. It is really just a continuation of what Morrisons has already been doing, but I would expect the number of such deals to increase over time.

Goldpig

[albert3591] 19/10/2021 19:35

How long till the first shop sell offs,get Xmas over first then in January start the rumours

[darkelf1] 19/10/2021 18:44

Get over it

[nerdlinger] 19/10/2021 18:07

Looks like I am indeed factually incorrect, at least according to the Guardian who say the positive majority requirement referred to the number of shareholders not the number of shares which I find odd. I'm still disgruntled.

[goldpiguk] 19/10/2021 16:52

Hi Nerlinger,

You are factually incorrect. Morrisons needed over 75% support for the deal to go through. As expected it achieved this without any problem. Just .77% of the total votes were against the deal. It is very wrong to assume that those who did not vote were opposed to it.

Goldpig

Link below:

hxxps://www.retail-week.com/grocery/morrisons-shareholders-rubber-stamp-7bn-cdandr-takeover/7040804.article

Morrisons chair Andy Higginson said: “We thank shareholders for the strong support received at today’s meetings. We remain confident that CD&R will be a responsible, thoughtful and careful owner of Morrisons and we will now move forward with the remaining steps in the acquisition process.”