Morrison (wm) Supermarkets Share Discussion Threads

[sonofbanjosinger] 27/3/2020 11:47

No way that will happen...delivery services have huge cost implictions for supermarkets with there 2 to 3 percent profit margins.

[scotches] 27/3/2020 09:53

A couple of non-execs have quit MRW board alleging that the top three management Potts, Higginson, Strain (all former Tesco) are "too close."



Neil Davidson, chair of the corporate compliance and responsibility committee, and Tony van Kralingen, remuneration committee chair, have stepped down and will cease to be directors from 26 and 29 April respectively.

Journalist Ashley Armstrong comments on Twitter: "Seems like Neil Davidson who has just stepped down from Morrisons board may have been driven by £ £ self-interest. Left after a bitter row at Leicestershire too. Source says “middle of coronavirus is no time to be tripping over your own ego”. Ouch."


Presumably "Leicestershire" must mean his spat with the cricket club.



Davidson is partner of Anna Soubry

[seagreen] 27/3/2020 09:41

I think the last rally answers that question. There is going to be huge increase in demand on supermarkets. Could well end when peopl e see how great the delivery service is they change for ever from 7% to even 30 or 50% home delivery ..logistically this will shift supermarket buying to warehouses like Amazon....then costs will come down not up.Frankly the only thing safe is supermarkets and staples and gold at moment but that's my opinion.. Each to their own...if you want to miss the supermarkets re rating train as high streets are totally destroyed in rural areas and replaced with hubs that's fine it's a free world and a theory of mine

[albert3591] 26/3/2020 15:45

Can you really see shares over the next few weeks going up, it’s not worth the risk.Just leave it,the mms will show their hand when sucker pi.s stop buying,don’t forget its THEIR gravy train.

[sonofbanjosinger] 26/3/2020 13:27

Busier does not mean more profit....extra costs through staff and other measures could cut profits by 25 percent.

[seagreen] 26/3/2020 08:02

They have never been busier and no delivery slots in my area for over 3weeks

[albert3591] 21/3/2020 14:14

I think a bid is nailed on,but how soon?

[essentialinvestor] 21/3/2020 11:26

rolo, very much fwiw only, under 1.70 a shares looks a reasonable buy point?.
However, there are longer term sector headwinds. On the other hand, MRW may
be bid for. Always a case of DYOR.

[johnwise] 21/3/2020 11:07

What a waste of time Morrisons is, empty shelves for 3 days. Tesco is fully stocked

[loganair] 20/3/2020 13:21

Popped in to my local Tesco today as well as there the usual No toilet Paper, UHT milk and pasta there was also NO....

Cereal
Porridge
Eggs

And virtually No frozen foods in the freezers.

[johnwise] 20/3/2020 12:53

A group of amateurs..No delivery today at Morrisons so shelves empty for two days with No meat, eggs, fruit, vegetables, no frozen vegetables ++.

[rolo7] 20/3/2020 08:51

looking at morrision to buy, tesco got world wide exposure to virus, sbry got argos stores this is only supermarket play any thoughts?

[scotches] 18/3/2020 19:55

"The supermarket sector has swiftly switched from being one of price competition and declining margins, to the haven sector which appears bulletproof as the UK restricts movement."

"While a France-style shutdown would likely hit UK markets given the economic implications, traders will no doubt be looking for the benefactors given that pharmacies and supermarkets will remain open and in high demand."

[seagreen] 18/3/2020 17:30

web site crashed...Occado closed theirs to rejig

[scotches] 18/3/2020 15:45

We note the UK Government's announcement yesterday "giving all retail, hospitality and leisure businesses in England a 100% business rates holiday for the next 12 months". We are currently awaiting further details regarding the implementation of this policy and are assessing its potential impact. Morrisons paid business rates in the UK of GBP308m for our 2019/20 financial year, of which c.GBP290m related to stores.

[imjustdandy] 18/3/2020 10:00

Supermarkets and funeral directors the only winners in this chaos

[chinese investor] 18/3/2020 08:19

GO GO HORSEY !

[chinese investor] 18/3/2020 08:11

Good Start !

[maxp4] 18/3/2020 07:23

Big move up today with no business rates to pay for 12 months and decent results announced.

[kazoom] 17/3/2020 19:53

Valid point albert but I'd wager the other supermarkets are at best the same.

Same as, sadly, many other employers.

There is no doubt that even during full on containment there will be some sick people 'at large' so care is still needed.

I cannot to be honest see it as a significant black mark on Morrisons.