Morrison (wm) Supermarkets Share Discussion Threads

[scotches] 05/12/2018 12:55

MRW could swallow its convenience chain partner McColls for under 90m - a snip considering the 163m that was lost on Dalton's Kiddicare disaster or MRW's own foray into convenience. Since McColls are one of the main outlets for MRW's expanding wholesale supply it would be beneficial if that chain looked as if it was doing well and to be in a position to take yet more of the revamped Safeway badged MRW produce. Maybe Sir Ken was on to something when he offloaded all the small Safeway stores as harder to make a profit.

[qantas] 11/11/2018 15:42

No Black Friday.

Please do your own research...

[chinese investor] 09/11/2018 08:21

Recovering Fast !

Chinese Investor (MRW) 6 Nov '18 - 08:09
That drop was a surprise !

[qantas] 08/11/2018 11:30

Marks and Spencer Christmas 2018 advert



Please do your own research.

[qantas] 08/11/2018 09:07

MKS AI



Please do your own research.

[dondee] 06/11/2018 12:02

This is a fill yer boots day if ever I saw one. Days like this don't crop up too often, certainly with the 3 large food store retailers, unless you think MRW is going bust, which is about as likely as David Cameron becoming prime minister again!

[bigbertie] 06/11/2018 11:25

I don't think that is right, Qantas. They don't reveal how much the retail & wholesale segments grew, otherwise one of them would have had to grow by more than 5.6%. They only say that retail contributed 1.3% of the group increase, and wholesale 4.3%. If wholesale is [for example] 10% of the total then it would have grown 43% and retail 1.4%.

It looks as though they don't want to reveal the retail growth separately as their interim report in September said the directors had reviewed the requirement for segmental reporting and concluded that "...the group has one operating segment, that of retailing." So what is the wholesale then?

Any statisticians or accountants on here have a view on this?

[qantas] 06/11/2018 10:22

Further strong expansion of its wholesale arm lifted sales at Morrisons in the third quarter, but growth slowed from the rapid rate in the preceding quarter. Group like-for-like sales were up 5.6% in the 13 weeks to 4 November, excluding fuel, as the supermarkets business grew 1.3% and the wholesale business 4.3%.

Please do your own research.

[chinese investor] 06/11/2018 09:49

2nd quarters figures were "unreal" because of the World Cup and good weather ?

[johnsoho] 06/11/2018 09:47

The 3rd qtr results like good to me !!! Why the drop ?

[chinese investor] 06/11/2018 08:09

That drop was a surprise !

[cheshire man] 03/10/2018 11:02

Credit Suisse has upgraded Morrison (Wm) Supermarkets to Outperform with a price target of 285.00p hxxp://www.brokerforecasts.com

[scotches] 28/9/2018 10:09

And then there were 4...


Only 4 companies currently displaying short positions for an overall declared level of just 3.52%. (other firms may have a position below the 0.5% level). It peaked at over 19% in October 2016 and for a long time was just behind Carillion as the hedge funds most likely target for failure.

Of the four left the Pelham listing of 1.25% (almost 30 million shares) makes no sense. The last movement was March 2014 since when no profit was nailed when the company plumbed the 140p depths and in the interim there will have been a liability for almost 50p in dividends - and at some stage they still have to buy back the shares.

A while back Nerdlinger mentioned that declared short positions could be CFDs rather than borrowed shares. In that case divis would not be liable but would there not be a different ongoing cost to finance the CFD which would be less attractive than a normal short.

[sampsun] 21/9/2018 11:56

Nice bounce today pheww

[scotches] 19/9/2018 08:13

The assumption in that article is that MRW is going to pick up loads of Asda/SBRY stores if a sell-off is required by the CMA merger probe. That would mean that the big reduction in debt from the Dalton years to the current 929m would be reversed to finance the store acquisitions. Are they really going to go down that route when wholesale expansion has proved more reliable recently. Similarly Potts continues the expansion into online and must presumably think it gets to profit one day. Online also has the advantage of no nasty Germans undercutting your operation by opening nearby.

[sampsun] 14/9/2018 10:56

Bizarre great results and falling like a fally thing

[pjleeds] 13/9/2018 16:54

Funny sort of day, wasn't it.

[sampsun] 13/9/2018 10:06

Great results, expecting uplift