Morrison (wm) Supermarkets Share Discussion Threads

[muffinhead] 22/8/2019 13:44

Clive Black knows this sector better than anyone
Li Ka-shing and many others need to get money out of Hong Kong. Pubs and supermarkets are great infrastructure investments with repeat customers

[justiceforthemany] 21/8/2019 21:52

After Greene King Morrisons is a prime candidate to be the next to be taken over given the weak pound and its strong balance sheet - Retail Gazette.

Amazon rumours for over a year now also.

[loganair] 20/8/2019 09:04

Morrisons looks cheap, says Berenberg:

Morrisons has seen its shares tumble but Berenberg says it still has one of the strongest balance sheets in food retail.

Analyst Thomas Davies retained his ‘buy’ recommendation but reduced the target price from 265p to 230p. The shares were trading at 182p yesterday.

The shares have fallen 28% since February after the collapse of the Sainsbury’s-Asda merger ‘as Morrisons was expected to be a key beneficiary of store disposals’ and weak consumer data, said Davies.

However, he remains ‘positive̵7; about the supermarket thanks to normalising growth rates, improving margin trends, and a ‘best-in-class balance sheet.

‘Morrison has one of the strongest balance sheets in the European food retail sector,’ he said. ‘We expect the group to deliver a special dividend of 2p on top of a statutory dividend of 1.96p at its first-half results. Morrison’s valuation now looks cheap.’

[essentialinvestor] 15/8/2019 19:56

Yes indeed. Just had a look at the last Kantar update and it does not read
well for MRW, will stay on the sidelines for now.

[buywell3] 14/8/2019 17:59

Another Supermarket chart looking IMO very sick

buywell calls this to 140p


Sorry I have not dropped in before but I have been a bit busy


I can't believe any sane long term experienced investor wanting to buy any FTSE 100 share now or at any time in the last few months

The writing has CLEARLY been on the wall

On nearly every FTSE 100 constituent Chart

buywell has single handedly tried to give ADVFN the heads up

The BEAR has finally woken UP after over a decade of slumber and one of the LONGEST BULL runs for the last century.


IMO it is NOT now impossible for a Bear Market for a conservative 2 years to 3 years duration

I shall check charts and comment with more accuracy soon

dyor

[essentialinvestor] 14/8/2019 12:06

Whoever it was that mentioned 1.80 a share here a few months back, great call -
Just over 1.81 atm, that's close enough. Still watching.

[essentialinvestor] 13/8/2019 11:07

Appreciate the view, thanks - I'm not looking for s short term trade though.

[cassini] 13/8/2019 10:24

Morrisons price appears to be in a downward trending channel. Right now, it's near the bottom of that channel so perhaps worth a short term trade if you're into that. Other than that I'd like to see it break out of the top of that downward channel if I were thinking of long-term investment. At the moment that would mean the price clearing 200p for a decent amount of time.

There is also the world stockmarket situation to consider (alright, actually the American stockmarket position). Toppy or what? Though I suppose Morrisons is a 'defensive'.

As always though, predictions are difficult, especially about the future ;0)

[essentialinvestor] 13/8/2019 07:23

Does anyone see any value here, perhaps lower down?.

[muffinhead] 11/8/2019 18:13

net assets for 2018/19 of GBP4,325m restated for IFRS16
181p


32% eps growth forecast
PEG 0.4
Dividend cover 2.4



Tesco, Morrisons and Sainsburys joined at the hip...sector sentiment

Sainsburys is the company I worry about. Cheap funding and weak sterling is major generational opportunity to take it private. Beginning to think Coupe is the useful idiot to take the company down for the bankers

[muffinhead] 09/8/2019 09:07

Maybe you prefer a 10 year UK government gilt


Or

Give your cash to BJ or JC for 30 years


I am old enough to remember buying a bag of crisps for 2.5p

[albert3591] 05/8/2019 15:49

Morrison’s will be cutting staff,they will copy cat Asda and Tesco cuts.

[essentialinvestor] 05/8/2019 14:14

Speaking of Aldi, I had a look around their store outside Guildford recently,
and just don't get the compelling value offer. Now I'm not buying for a large
family so may be looking at it a little differently. If you compare their prices to a supermarket own brands just did not see that much difference.
To be fair it was a short visit to the shop.

[essentialinvestor] 05/8/2019 14:10

barbar, I'm not holding MRW. If it gets to £1.80 and that's what you called,
well done. It's on a watchlist for me as thought there may be an opportunity at some point. However, the flip side is the aggressive Aldi/Lidl expansion.

[albert3591] 05/8/2019 14:02

Which store is that barbar?

[barbar7619] 05/8/2019 12:30

Like I tried to warn you all before this is a terribly run company. My local store goes through a new manager every 6 months. Do I need to say anymore? A company in denial that it's not performing!!!

[barbar7619] 05/8/2019 12:27

42 days till my prediction of 180p. You still confident essentialinvestor? See you in 42 days time

[loganair] 01/8/2019 21:04

I do not think that Amazon will bid for Morrison's as I do not think they will be able to get it passed the CMA.

I think if it goes well with one of the McColl's formats they are trying out then there is a good possibility Morrison's will bid for McColl's.

Will only cost Morrison's around £200mln to buy McColl's.

[justiceforthemany] 01/8/2019 19:29

Trading below NAV 194p.

Will Amazon +/- another bid here?

[loganair] 27/7/2019 10:27

Trying out different formats with McColl's so see which works best.

[muffinhead] 27/7/2019 10:16

What exactly does Morrisons get out of the arrangement with McColls such that McColls shops are rebadged with MRW fascia as Morrisons Daily?

A franchisee that puts up it's own capital

[loganair] 27/7/2019 10:11

It seems to me Morrisons is wishing to return to the convenience market and is trying several formats with McColl's, including branding some of the larger McColl's as Morrison Daily while others stocking Safeway products.

At the same time, McColl's are reducing their number of loss making newsagents and smaller stores, in the end will leave McColl's with 1,000 good sized convenience stores and ripe for being taken over.


Average size of 41 McColl's stores closed 1,000sq ft with weekly sales of £10,000.

Average size of 3 new McColl's stores opened 1,700sq ft with weekly sales of £25,000.

Morrison Daily trial stores all opened in the North West.


It seems to me Morrison's are waiting to see which format works best and for McColl's to complete most of the reduction in their newsagents and smaller loss making stores then may buy McColl's. This would give Morrison an immediate 4% to 5% market share of the convenience store market.