Morrison (wm) Supermarkets Share Discussion Threads

[sharesoc] 21/11/2020 22:05

If anyone is interested in seeing how another of the Big 4 (Sainsbury’s) see the market developing it might be worth joining a ShareSoc webinar next week when James Collins, Head of Investor Relations will be giving a presentation. You will get the chance to ask him questions about their view of market developments...

[muffinhead] 20/11/2020 15:10

To say thank you to the brave men and women of our NHS, armed forces, emergency services and social care sector, we've teamed up with Blue Light Card to offer 10% discount for all card holders. Our existing NHS & Teacher discounts also continue.

[loganair] 20/11/2020 08:56

Aldi ramps up home delivery service with expansion of Deliveroo trial Discount supermarket brand Aldi UK had announced the expansion of a home delivery trial to almost 130 stores across the country.

The UK arm of the German supermarket business has confirmed that its ongoing trial with delivery firm Deliveroo is set to be expanded as the demand for home delivery of groceries continues to grow.

Aldi UK first started offering online food parcels to support self-isolating and vulnerable customers during the COVID-19 pandemic in April, and a month later began a delivery trial in partnership with Deliveroo.

Under the trial, Aldi customers are able to order groceries on the Deliveroo app for same day delivery.

The news comes as online grocery shopping has seen a significant uplift as the result of coronavirus, and follows the brand’s extension of its click and collect trial announced last week - which will see click and collect services available in up to 200 additional stores by Christmas.

The supermarket commented: “We’re finding customers really value having more ways to shop at Aldi, particularly at the moment.”

[philanderer] 19/11/2020 14:30

And many thanks scotches :-)

[philanderer] 19/11/2020 11:52

Thanks CWA1

[cwa1] 19/11/2020 07:46

Wm Morrison Supermarkets Raised to Buy at Goldman; PT 215 pence

[essentialinvestor] 15/11/2020 00:19

Sunday Times - UK supermarkets under growing pressure to hand back
£1.9 Billion in rates relief.

[farrugia] 13/11/2020 09:22

what i don't understand - if this has a partnership with amazon shouldn't it be thriving???

[scotches] 12/11/2020 14:06

The news from the recent SBRY results that they are abandoning counters makes MRW have a significant point of difference with the other main players. Waitrose has announced counter expansion to capitalise on SBRY decision.

[philanderer] 11/11/2020 13:54

Supermarkets in fresh drive to extend pre-Christmas Sunday trading hours

[cwa1] 11/11/2020 10:58

I'm not sure about you guys-but I think the atmosphere in my house might get a tad fraught and frosty if I didn't step in and persuade my spouse not to buy 50Ks worth of a business I worked in IF I thought it was a dud ;-) Hopefully reassuring:-

11 November 2020

Wm Morrison Supermarkets PLC

(the "Company")

Director/PDMR Shareholding

The Company announces that on 9 November 2020, Angela Higginson, being the spouse of Non-Executive Chairman Andrew Higginson, purchased 29,497 ordinary shares of 10 pence each ("Shares") in the Company on the London Stock Exchange at a purchase price per Share of 166.42p.

Following the purchase, the total beneficial interest of Andrew Higginson and persons closely associated with him is 126,402 Shares.

[farrugia] 10/11/2020 13:52

why is this company under pressure? don't they have a working agreement with amazon? the stock market should be soaring not trading at distressed levels considering most of their supermarkets are also freehold!!?

[games] 10/11/2020 11:56

Of Britain's "big four" supermarket groups, No. 4 player Morrisons was the best performer with growth of 8% over the 12 weeks to Oct. 31.

[johnwise] 09/11/2020 09:02

VIDEO

Moronic Supermarket Rules Ban Partners & Families Can't Be Enforced

[scotches] 07/11/2020 10:34

When he was on version 2 I highlighted "Illeism" in March 2016 - see post 1139.

The about to depart President suffers from it as does Elmo from Sesame Street.

[buywell3] 06/11/2020 20:56

buywell is of the opinion that as more and more daily cases of covid-19 occur and deaths ,Joe Public will finally get the message just how nasty this disease is and how easy it is to catch it not just once but twice etc

Plus organ damage and strokes and loss of eyesight --- all happening

Why any people go to shops to buy food beats buywell as they are putting themselves at risk

Also buying any fresh produce in open displays ie not covered

buywell would think deliveries of cans and sealed pre-packed products would best minimise risk

As would growing fresh vegetables in your own garden ie dig up the lawn

[albert3591] 06/11/2020 10:51

Tesco have been up and running with home delivery,I would say they are the no1 at it.Their click and collect is very professional,Morrison’s just a collect out of a van somewhere in their car parks,very amateur,I want to know how much Morrison’s start up costs are for home delivery.It must be huge.

[scotches] 06/11/2020 09:06

>>>Has any other UK supermarkets said online and delivery is profitable?

"Morrisons profits fall 25% on coronavirus pandemic costs" put headline in google to view article.

"He (Potts) also highlighted the growth in online shopping and said it was a profitable business line for the group. Morrisons has doubled online volumes and capacity has increased fivefold, partly thanks to tie-ups with Deliveroo and Amazon and new services such as grocery delivery boxes."


However a July article by the same author quotes Dave Lewis and puts doubt on the idea that mkt leader Tesco (or any other firm) was actually making money from online. Again it's the issue of unrealistically low delivery prices.



"Why supermarkets are struggling to profit from the online grocery boom"

"Dave Lewis, the outgoing chief executive of UK market leader Tesco, acknowledges that online operations have at best broken even in the past, but aims to change that with greater efficiency and more realistic pricing.

“There is definitely an opportunity to be more commercially oriented in the way that we put delivery prices together,” he told investors recently. “Do I see a situation into the future where pricing becomes more rational? Yes.”

[buywell3] 05/11/2020 19:17

What about Nurses ?


Morrisons announces 10% discount scheme for teachers

[essentialinvestor] 05/11/2020 19:11

Migration to online shopping and delivery is deleterious to margins.

Amazon, because of scale can do this.

Tesco a few years back made a claim that online ordering and delivery
was profitable, have they made a recent comment on this?.

Has any other UK supermarkets said online and delivery is profitable?.


The share price is where it is for a reason. Some sort of corporate action their best hope.

But not during a pandemic.

[muffinhead] 05/11/2020 12:39

More QE money printing for businesses, self-emloyed and employees
Furlough to extend to end March

Bank of England £150 billion QE extension announced


Rishi Sunak

[muffinhead] 05/11/2020 11:57

From Interim results 10/9/2020



Capital allocation framework
A strong balance sheet is the foundation of our Fix, Rebuild, Grow, Sustain strategy. Debt is low, the property estate is predominantly freehold, and the pension is in a net surplus position. Capital expenditure has halved since its peak and is at a sustainably lower level. In recent years, we have generated significant and sustained levels of free cash flow, and managed the business with consistent capital discipline and capital allocation principles.

Pension
The net pension accounting surplus was GBP880m (GBP944m as at 2 February 2019/20)

[muffinhead] 05/11/2020 10:15

Around 85% stores are freehold owned

page 98 of annual report 2019/20 covers "property, plant and equipment"


There is also a very large pension surplus which is reassuring.

Growth will be low in a competitive market but company is well placed as an income share. Compared to the return on government gilts which currently yield negative all the way out to 6 years duration, Morrisons is the sort of dull boring company I like that beats the pants off other supermarkets.

[farrugia] 05/11/2020 08:23

are the supermarkets that Morrisons have freehold or not? Or are they mostly rented like Sainsburys?

[philanderer] 03/11/2020 13:28

Supermarkets reveal new food and loo roll rationing rules after lockdown panic buying