Morrison (wm) Supermarkets Share Discussion Threads

[nick rubens] 12/12/2019 10:15

cheers scotches. To think that a disgruntled employee's actions could cost Morrisons shareholders £50m. Shocking behaviour.

[scotches] 12/12/2019 09:08

The Supreme Court judgement will be in the New Year. At post 2027 the speculation was a possible payment of £500 per head could lead to a 50m payment when multiplied by 100,000 employees. The claimants lawyer did indicate he didn't want to "bankrupt" Morrisons. ‘What we cannot do is look to bankrupt Morrisons by this, but we are seeking compensation on an individual level which …compared to a commercial case will be modest.’ hTTps://www.lawgazette.co.uk/news/morrisons-will-face-big-number-over-data-breach/5102095.article Although not ideal the market doesn't really consider one-off hits as being of particular long term significance to a business.

[nick rubens] 11/12/2019 20:43

What about the impact on the data breach lawsuit? Any ideas how much it could cost should they lose the appeal? Cheers NR I personally feel the rogue employee should be liable but law can be a strange thing.

[gbh2] 11/12/2019 14:02

If our supposed flagship Morrisons store is anything to go by, Checkout staff have been reduced to a minimum, as has the choice of goods on the shelves, most reduced to holding just Morrison's brand items! Luckily we have a M&S Food near by with loads of choice at a decent price and staffed checkouts.

[cheshire man] 11/12/2019 10:26

Schroders plc ...Increasing I see, about time MRW bid for MCLS

[mortimer7] 11/12/2019 10:16

Aldi, Lidl & Co-op continue to take market share from big 4, per figures out this week: Source : Kantar Tesco was the best performing of the largest grocers over the past 12 weeks though it’s too early to say whether the newly launched Clubcard Plus subscription scheme has had an impact, as sales fell by 0.8%. Sales at Sainsbury’s fell by 1.1% and at Asda by 1.9%, resulting in market shares of 15.7% and 14.6% respectively. Morrisons’ share of grocery sales dropped back 0.4 percentage points to 10.1% as sales declined by 2.9%

[thetoonarmy2] 25/11/2019 12:46

Just picked up 20 thousand shares this looks a cracking punt for xmas and the fund manager who was topping up what do they know?

[cheshire man] 19/11/2019 18:43

IC tips MRW this week as an Income Stock

[scotches] 07/11/2019 14:18

Data breach appeal hTTps://www.lawgazette.co.uk/news/were-not-looking-to-bankrupt-morrisons-claimants-tell-supreme-court/5102095.article hTTps://www.theregister.co.uk/2019/11/07/morrisons_supreme_court_payroll_data_appeal/ ‘What we cannot do is look to bankrupt Morrisons by this, but we are seeking compensation on an individual level which …compared to a commercial case will be modest.’ If claimants win then at say £500 comp per head that is 50m to settle the 100,000 whose details were exposed. That's going to be a big insurance bill for every large organisation to guard against rogue employees in future.

[3dwd] 28/10/2019 10:50

It's a big position....I like this

[oldvic] 27/10/2019 18:58

told you earlier in week

[scotches] 26/10/2019 07:34

hTTps://www.telegraph.co.uk/business/2019/10/25/one-britains-richest-fund-managers-builds-10pc-stake-morrisons/ One of Britain's richest fund managers builds 10pc stake in Morrisons A low-key investment fund run by one of Britain’s richest men has doubled its stake in Morrisons, becoming the second largest shareholder in the supermarket titan. Silchester International Investors, set up by a handful of former Morgan Stanley bankers, upped its holding in the supermarket to 10.4pc, now worth £480m. It comes amid speculation that Bradford-based Morrisons could be a takeover target after a decline in its share price. Silchester was set up in 1994 by multi-millionaire Stephen Butt, now 68, and colleagues including 67-year-old Michael Cowan and Bertrand Le Pan de Ligy, 53.

[nerdlinger] 23/10/2019 15:20

Good read thanks. Mozzas - I've never heard it being called that before.

[scotches] 23/10/2019 11:55

hTTps://www.thetimes.co.uk/article/the-modern-ken-morrison-who-chose-the-shop-floor-over-football-jdgm5w9m9 (sub or registration required) "Despite running Britain’s fourth biggest supermarket for the past five years, he has never given an interview before." " When he arrived in 2014 Morrisons was being battered by Aldi and Lidl, the discounters. Losses had ballooned to £792 million and like-for-like sales were down 5.9 per cent. Mr Potts took swift action. In what became known as the “Bradford bloodbath”, he axed nearly a third of head-office staff and halved the management team from 60 to 30. “It’s better to make those decisions early and deep in order to be able to say: ‘The war is over and we are now going to battle this together.’ ” Next, he dumped Morrisons’ convenience stores, despite rivals rushing to open small high street shops. “It might have felt like we were zigging when everyone else was zagging, but they had morphed into a profit drain and weren’t able to be scaled because we’d arrived very late to the party.” Then he focused on renegotiating the supermarket’s restrictive 25-year deal with Ocado, striking a side-deal with Amazon, the American giant. Since then Morrisons has been able to expand its wholesale business by selling more groceries online, even in towns where it doesn’t have any shops. And then there’s the investment at Rushden and across Morrisons’ 18 manufacturing sites, all part of Mr Potts’ plans to make the supermarket more competitive. If he stops on a tour of the plant to caress a bag of gleaming, freshly-packed Charlotte potatoes, “why not? They cost 16 million quid.” Meanwhile, takeover rumours continue to swirl, heightened by Shore Capital, the house broker, suggesting that Amazon could take advantage of a weak pound to snap up Morrisons. Mr Potts acknowledges that “Amazon has ambition in grocery and we are one of the smaller British retailers. Both companies want to support innovative, different ways of serving customers better in the UK.” He also confirms that Morrisons could supply Amazon stores with groceries, if — or rather when — they finally open their till-free Go sites, and that distribution work is already going on for Amazon to use Morrisons supermarkets as “offering one- to two-hour delivery using our stores”. So it’s difficult to see, frankly, why Amazon would need to buy the business. "

[oldvic] 19/10/2019 16:22

major uptick monday on that news

[loganair] 18/10/2019 16:13

The market share of the Big Four supermarkets has tumbled to a 15-year low as the march of the German discounters Aldi and Lidl continues. Tesco, Sainbury's, Asda and Morrisons now hold just 62.7 per cent of the market. Aldi and Lidl have raked in an additional £1billion in sales over the past year, boosting their combined market share to 14.1 per cent. Aldi, which has an 8.1 per cent share, is now rapidly catching up with Morrison's, which has slumped to under a tenth of the UK market. The discounter has been luring middle-class customers by selling high-end products such as yellowfin sole and Aberdeen Angus steaks under the banner 'Luxury you can afford'.

[muffinhead] 16/10/2019 09:54

Lidl 'set to launch online delivery service' letting you shop from home hTtps://www.mirror.co.uk/money/lidl-set-launch-online-delivery-20550015 I guess ALDI will also want to join Lidl

[loganair] 13/10/2019 09:25

Morrisons: FTSE 100 retailer Morrisons also appears to offer long-term growth potential. The company’s recent update showed it’s making progress in growing its wholesale supply initiatives, as it seeks to reach £1bn in wholesale revenue. It’s also investing in its online growth potential through the expansion of its store on Amazon. The company is gradually reducing its debt levels as it seeks to de-risk its balance sheet during a period of intense competition and change for the wider retail sector. This may provide greater financial flexibility to invest in online growth opportunities, as well as enhance its appeal to a broad range of customers. Morrisons is seeking to expand its convenience store presence in order to increase the size of its potential customer base. This has the potential to boost its financial performance, with the company forecast to deliver a rise in earnings of 7% in the next financial year. Since it trades on a forward P/E ratio of 13.5, it seems to offer good value for money at the present time.

[cautious7] 29/9/2019 18:44

Hi Any further bid specuation? DYOR C7

[muffinhead] 23/9/2019 11:14

just found my tweet lunch! off to Morrisons hTtps://twitter.com/Morrisons/status/1176088993638666242

[muffinhead] 20/9/2019 09:07

205 is enough

[essentialinvestor] 19/9/2019 13:16

Either way they are a formidable competitor and that is not changing anytime soon.

[muffinhead] 18/9/2019 11:28

"For sure for sure" and $5 billion expansion plans in America!... what can possibly go wrong? hTtps://www.forbes.com/sites/phillempert/2018/08/09/aldi-is-focused-on-keeping-it-simple-and-high-quality/#3e380add427b