Morrison (wm) Supermarkets Share Discussion Threads

[leedslad001] 16/9/2020 12:43

Never take any notice of brokers all have their own agenda

[waldo2020] 16/9/2020 12:14

Downgrade by jp Morgan, underweight to 160p. Hoping that's the bottom..

[leedslad001] 16/9/2020 11:51

You never get in at the bottom and never get out at the top lol

[essentialinvestor] 16/9/2020 11:49

Appreciate the view.

[leedslad001] 16/9/2020 11:43

I see it as a recovery play or takeover may go down to 1.50 but I see more upside over next 18 months. I don't buy some shares for short term. Have my trading ones like AV. And cne

[essentialinvestor] 16/9/2020 11:30

leeds, what's the buy case?, because those results looked anything but pretty,

to be frank thought they were diabolical.

And the incessant...feeding the nation, it's more than our job...


Highly paid BOD here.

[leedslad001] 16/9/2020 09:07

Bought a few today

[philanderer] 16/9/2020 08:59

Stinking the portfolio out at the moment.

[ygor705] 15/9/2020 17:17

The poor. Arête reaction to the results is probably unjustified but that is the reality of markets ie driven more by sentiment than fundamentals. Cannot see much more than drift for the time being but director buying (if it happens) could be more significant than usual.

[philanderer] 15/9/2020 13:48

Britons spent less in supermarkets during eat out to help out scheme

Alcohol sales in supermarkets fall as bars and restaurants gain from help during Covid crisis

[philanderer] 15/9/2020 09:33

No sign of a bounce ... good updae from OCDO.

[loganair] 14/9/2020 13:41

A multi-billion swoop for Asda could deepen a price war between Britain's supermarkets this Christmas, sources have revealed.

The frontrunners to take control of Asda are buyout giants Lone Star and Apollo Global Management, which have both submitted bids thought to be around £6.5billion to buy a majority stake in the supermarket chain from its US owner Walmart.

Lone Star's management, who are being advised by Asda's former chief executive Paul Mason, believe Asda is the most resilient of the UK's Big Four supermarkets as customers seek out cheaper deals.

It sees an opportunity to work alongside Walmart – which will retain a minority stake – to review pricing across Asda's ranges to make it even more competitive against discounters Aldi and Lidl.

Grocers including Morrisons and Tesco are sharpening prices ahead of what is expected to be a major price-cutting campaign this Christmas.

Lone Star would also invest in Asda's own-label range – and its George fashion and homeware label. The source added: 'Lone Star don't see Asda as a big turnaround job. They want to support and accelerate the management team's strategy to maintain price competitiveness.'

Lone Star has a vast property arm including the Quintain UK residential property firm, which owns Britain's biggest build-to-let development at Wembley Park. It is understood Lone Star could look at turning Asda's freehold sites into mixed-use developments with housing.

Apollo is lining up £3.75billion of debt to fund its proposed deal secured against Asda's 300 stores and its distribution centres.

Apollo would split Asda into an operating company and a property company and float Asda within three to five years.

A deal could be announced by the end of the month.

[essentialinvestor] 14/9/2020 12:48

Blast from the past:



That was arguably Ken's only mistake in a very long business career.

[bc4] 14/9/2020 10:35

Was 178p the bottom we will see

[philanderer] 11/9/2020 19:58

"Amazon’s Grocery Partner Saw Profits Hit By Covid Costs. Here’s Why It’s Still A Strong Stock"

[scotches] 11/9/2020 17:32

Grzinic is a perpetual Morrisons bull, Barclays always a bear. With the exact same data one analyst says 245p target and another says 180p. Target prices ie what the analyst expects within 12 months. Is Barclays now right cause it hit 180 or will they be wrong if goes higher?

Just a reminder of the value of these projections.






This comment was better before lockdown....

Robbie Burns: “If brokers really knew what they were talking about do you think they would (a) continue commuting into the office every day, or (b) take their laptop to Barbados and stay there?

[philanderer] 11/9/2020 17:25

Was a good call by Barclays last month with their 180p target.

Added a few today @ 181.5p

[essentialinvestor] 11/9/2020 16:21

Not sure there is a clear Morrisons buy case currently, but very much imv only.

[energeticbacker] 11/9/2020 16:08

The dividend is still safe and we remain optimistic about the outlook for this well-run retailer, as our latest research on the Investor's Champion website reveals.

[dondee] 11/9/2020 15:17

A couple of days down before a jump back up on monday. I've seen this so many times before.

[philanderer] 11/9/2020 14:16

"Plenty to look forward to at Morrisons, says Jefferies"


Morrisons (MRW) may have reported a fall in profits but Jefferies says the supermarket has ‘clear attractions in an uncertain world’.

Analyst James Grzinic retained his ‘buy’ recommendation and target price of 245p on the shares, which fell 4.6% to 186p yesterday.

Grzinic said ‘an elevated second quarter sales rate was well anticipated by the market’ as was ‘the relative second half weighting to a reconfirmed full-year outlook’.

‘The substantial income opportunities arising from Morrison’s defensive qualities remain,’ he said, adding that he expects a special dividend plus ordinary dividend total of 15.1p.

‘This is at a time when the risk to the earnings from renewed social restrictions is skewed to the upside…A full year 2021/22 free cashflow yield of 9.1% suggest shareholders have plenty to look forward to.’

[philanderer] 11/9/2020 10:05

Let's see if Barclays 180p holds, should find out in a few minutes.

[philanderer] 11/9/2020 10:01

Yes, wise words , more unemployment is what this world requires.


BERENBERG CUTS MORRISON SUPERMARKETS PRICE TARGET TO 209 (213) PENCE - 'BUY'

[buywell3] 11/9/2020 07:58

More staff more overheads

Like Royal Mail

It is technology improvements it needs ie robotics not manpower

[philanderer] 11/9/2020 00:15

British supermarket Morrisons on Thursday said it was hiring about 6,000 new permanent staff to help meet booming online demand caused by the coronavirus outbreak.

The food retailer said in a statement it was keeping 25,000 of the 45,000 temporary staff it hired in March amid Britain's Covid-19 lockdown.

A company spokesman told AFP that it had now handed permanent contracts to about "one quarter" of those 25,000 employees.