Morrison (wm) Supermarkets Share Discussion Threads

[betbasil] 14/5/2020 17:06

Hi Essential, I work for Morrisons on one of their manufacturing sites.They are spending a hell of a lot of money on screenage, sanitiser, signage, thermal imaging equipment plus lots of other incentives/ rewards to keep morale up where possible.

[essentialinvestor] 14/5/2020 16:54

If I've read the statement correctly, they appear to say the extra measures
put in place have already cost the saving on the business rates savings?.

[loganair] 13/5/2020 11:38

(MRW), including a healthy balance sheet and free cashflow.

Analyst James Grzinic retained his ‘buy’ recommendation and target price of 245p on the shares, which rose 3.4% to 195.1p yesterday.

‘MorrisonsR17; first quarter sales confirm a business in strong shape with good top line progress, a very efficient balance sheet structure and visibility of healthy free cashflow generation,’ he said.

‘This despite the major financial measures deployed in favour of employees, suppliers, and key workers, which in our mind highlights Morrisons’ ongoing merits at a time of extreme uncertainty.’

He added that ‘investors continue to overlook [these merits]’ as the shares have a free cashflow yield of 8.6%.

[albert3591] 12/5/2020 07:52

I wouldn’t want the worry that the supermarkets will have running up to Xmas,what a conundrum.

[flaton2000] 06/5/2020 20:37

I think these problems will abate once a degree or two of normality return. They have mostly all done pretty well actually. Hats off to the lot of them if you ask me! Lets face it, it aint no picnic trying to keep up with and please Joe Public...ever!

[johnwise] 06/5/2020 13:42

The problem with Morrisons is poor stock control so many every day items missing I am talking before this China Virus problem, 10 AM no greens, milk and more. I have mentioned this to the store manager many times with always the same excuse "problem with the delivery " Have the impression managers don't want to complain to head office . No such problem with nearby Tesco ?

[johnwise] 06/5/2020 13:25

Never shop at Lidl or Aldi... 6 tills only one till open 15 people queuing to pay. Not worth hanging around to save 10 pence on a cabbage

[muffinhead] 30/4/2020 18:39

MIDAS SHARE TIP

[scotches] 29/4/2020 11:13

"While our analysis indicates that the grocers can achieve absolute profit growth at their retail businesses, and the UK grocers are best positioned through the business rates 'holiday', we expect them to mitigate these benefits as all the grocers in our coverage would face external pressures if they demonstrated exceptional profit growth,"

"Morrisons will benefit from increased food demand, its limited non-food exposure will have a lesser drag, the wholesale business will be a beneficiary of sector consolidation and its balance sheet strength provides dividend security."

[scotches] 26/4/2020 11:12

Can anyone explain the trading action of the Pelham Long/Short Master Fund which appears in the Shortracker listings

Between November 2013 and March 2014 this firm built up a short position of 1.25% of MRW at prices about 240-250.

For six years this short position was stuck on 1.25% without any further disclosures. There was no attempt to close the position at the 140p level in late 2015 or no extension to the position in 2018 when the price had gone back up to the 250 level.

However what had looked like a possible listing error suddenly sprung to life in the last couple of weeks on April 16 and 17 when the short was increased to 1.51%. (Each 1% is about 23m shares).

While Pelham are still doing well in that the current share price is some 60p below their average sell price from 2013-14 they will have to cover that exact same amount of dividends during that period for a net zero profit position if no further falls in the share price

I would have thought shorters either traded out their gains or they stick with a company they believe is sure to fail completely eg Carillion, Debs etc. In the latter cases these companies were drowning in debt whereas MRW has a fairly robust financial position.

[grabster] 23/4/2020 08:50

Oh dear. We had a home delivery from this Morrisons store yesterday! Fortunately in this coronavirus age we spray and wipe all deliveries and mail.

I hope this is down to bad management at store level rather than complacent policies group-wide:

[pjleeds] 22/4/2020 13:30

In that case why are you here.x

[ric0chet] 17/4/2020 08:37

No doubt another range-bound day for mrw whilst the markets take off. Since the results back on 18th March, you'd think the price would be north of 200p by now? What's holding back the move up?

[macc1] 16/4/2020 13:00

Video with Justin King.

Filmed this in late march. Justin discusses supply chains, divi's, sustainability of profits across the sector. He discusses Sainsbury's, Tesco, Ocado & Morrisons

[seagreen] 09/4/2020 13:03

almost a bear trap before it goes back up above £2...who knows

[essentialinvestor] 09/4/2020 10:56

This is beginning to look value?.

[johnwise] 09/4/2020 07:05

Morrisons Chesterfield announces more help for local foodbanks




Foodbanks are facing huge demand from those suddenly plunged into poverty by coronavirus - so how can you help?

"This has been a massive change - a lot of people went from very secure livelihoods very quickly.”

[johnwise] 08/4/2020 16:27

Fury as Asda and Sainsbury's stock up on imported POLISH beef while British farmers struggle in coronavirus crisis - despite shoppers REJECTING it on shelves