Morrison (wm) Supermarkets Share Discussion Threads

[justiceforthemany] 19/6/2021 14:46

Massive short squeeze coming.
£6Bn or 250p minimum.
£5Bn is pathetic.
Expect Amazon and others to join in.
30% premium from here gets us to 240p

Final price likely 250p+ possibly as much as 300p given freehold property portfolio and balance sheet strength

[ygor705] 19/6/2021 13:58

No wonder Bank of America changed its recommendation midweek. Looks very suspicious to me.

[johncasey] 19/6/2021 13:24

its only 50p above todays price...be rejected...cheapskates!

[philanderer] 19/6/2021 13:04

Buyout giant CD&R weighs £5bn takeover of supermarket chain Morrisons

A formal offer from CD&R could herald a supermarket comeback for former Tesco boss Sir Terry Leahy, Sky News learns.

One of the world's biggest buyout firms is weighing a spectacular £5.5bn takeover bid for Wm Morrison, Britain's fourth-largest supermarket chain by market share.

Sky News has learnt that Clayton Dubilier & Rice (CD&R) is in the early stages of evaluating an offer for the grocer, a move that would send fresh shockwaves through the UK's food retailing industry.

With a workforce of approximately 110,000 people, Morrisons is one of the biggest private sector employers in Britain.

CD&R is said to have begun approaching banks about financing a potential bid for Morrisons in recent days.

It is also understood to have made a preliminary approach to Morrisons' board.

One source cautioned, however, that a formal bid for the grocer was far from certain and that the public disclosure of CD&R's interest could force the project to be abandoned.

The Takeover Panel, which polices merger activity involving London-listed companies, is likely to seek clarification from CD&R and Morrisons about whether they are in discussions.

[s34icknote] 19/6/2021 13:00

Rumours on sky news of buy out ???5.5 bn ?

[muffinhead] 17/6/2021 12:11

good things are happening

[philanderer] 17/6/2021 09:19

Bank of America double upgrades Morrisons to Buy from Underperform .. tp 210p

[nerdlinger] 11/6/2021 16:29

Citadel Europe LLP have just popped above the shorter threshold.

I'll vote next AGM... Glass half full I'm wondering if the exec are ignoring shareholders concerns so brazenly because they are confident some soon forthcoming info is going to justify it.

[scotches] 11/6/2021 08:19

Investment platforms vary in the ease with which they allow PI to cast AGM votes.

"Most platforms, such as Hargreaves Lansdown, AJ Bell, Bestinvest and Charles Stanley Direct, will allow you to vote free of charge if you email them your voting instruction, send a secure message or phone them at least five days before the AGM.

interactive investor and Fidelity Personal Investing have an online voting service which you can sign up to and get notification of events. Freetrade doesn’t have any provision to vote but if you contact the app directly it will support this."

[joe say] 11/6/2021 06:48

This board has to go

[justiceforthemany] 10/6/2021 16:40

Two brothers alone took out Asda. Similar figure around £6Bn would do the job.

[justiceforthemany] 10/6/2021 16:36

Shorters dropping this into the close.
Trading around book price now. £200M of Covid costs was bang out of order and I would have sacked the CEO for this alone. This is a PLC not a charity.
I do see MRW receiving a takeover offer, if it hasn't already..., within the next 12 months or so. Large freehold property portfolio. Probably won't be Amazon like most suspect but regardless take over price will be around £3. Dividend of 4-5% in the meantime.

[muffinhead] 10/6/2021 14:49

Silchester increases to 15%

[justiceforthemany] 10/6/2021 14:33

Well done shareholders for not approving these obscene bonuses.
I've added some more today.
What an idiot Potts is.
Should never have paid back the government business rates waiver.
Covid costs were way too high.

[muffinhead] 10/6/2021 13:14

70.12pc of shareholder votes cast against remuneration report

I guess they were not impressed by Wonky Potts

[philanderer] 10/6/2021 00:09

AGM tomorrow

Morrisons chief risks ire of shareholders over £1.7m pandemic bonus

[muffinhead] 06/6/2021 20:05

Amazon.co.uk/morrisons

Amazon.co.uk/grocery

[muffinhead] 06/6/2021 20:04

Morrisons on Amazon launches same-day grocery Click & Collect

[johnwise] 05/6/2021 07:44

Britain's cheapest supermarket in May named as Big Four, Aldi and Lidl put to the test

A monthly comparison looked at the prices of 20 essential items – including apples, eggs and Hovis bread to uncover the cheapest supermarket over the 30-day period

[pjleeds] 04/6/2021 14:08

WIKE should read WOKE

[pjleeds] 04/6/2021 14:08

MRW run by a set of WIKE clowns, as is this country(UK) lining own pockets before alll else.