Morrison (wm) Supermarkets Share Discussion Threads

[johncasey] 20/6/2021 19:34

price will fall tomoro..bid rejected

[giardap] 20/6/2021 19:00

Wonder what value the freehold of Morrisons stores is to the asset strippers?

[squeamish1] 20/6/2021 18:11

I wonder what Sir Ken would make of selling out to American asset strippers

[russell crowe] 20/6/2021 16:22

I am an LTH and, personally, I wouldn't sell for 230p.

It's not every day I can find a company that's very well managed, has a good public image, pays a nice dividend and just happens to be sitting on a very large pile of unrealised assets.

I'm perfectly happy to continue to collect my dividends for a long time, unless there's an offer that bears a better resemblance to the future cash flow I'd be losing and to the value of the assets I'd be giving up.

[imastu pidgitaswell] 20/6/2021 15:58

amelia - he can't say it isn't for sale, because it is listed; as such anyone can make a bid.

wrestlingmad is spot on as to what is planned - and there is nothing anyone can do about it other than reject it. But there will be a price at which fund managers cave in. And it is indeed just like Manchester United - bought with borrowed money and those borrowings repaid from the business itself through a combination of asset sales and future income.

It's capitalism folks.

[igoe104] 20/6/2021 14:58

Anyway its going to good watching the shorters get their pants pulled down. margin calls all over the place over the next week or so.😆

[big yankee dealer] 20/6/2021 14:56

Amazon, a partner to Morrison, has persistently been linked to a possible bid.

It has also been suggested that former Asda suitors Apollo Global Management and Lone Star could return with a bid for another supermarket after failing to acquire the Leeds-based group last year.

Shares in other supermarkets, including Sainsbury's where 'Czech Sphinx' billionaire Daniel Kretinsky has a 10 per cent stake, are likely to rise tomorrow on the news.

[philanderer] 20/6/2021 14:47

Amazon, a partner to Morrison, has persistently been linked to a possible bid. It has also been suggested that former Asda suitors Apollo Global Management and Lone Star could return with a bid for another supermarket after failing to acquire the Leeds-based group last year.

Shares in other supermarkets, including Sainsbury's where 'Czech Sphinx' billionaire Daniel Kretinsky has a 10 per cent stake, are likely to rise tomorrow on the news.

[amelia airhead] 20/6/2021 13:49

My dad, who stacks shelves at Morrisons, has just received a company email that was signed off by David Potts.
Basically, they have rejected the bid as it undervalues the company and it is business as usual.
Significantly though, they did not say that the company is not for sale so either expect a new revised higher bid or perhaps it will push Amazon into action.
To be honest a bid of 230p was never going to be enough as it has been at that price previously.
I believe a bid around 280p to 300p would probably do it.

[justiceforthemany] 20/6/2021 13:34

porsche - Centrica/British Gas is a sitting duck! Ridiculous valuation currently @ 50p given its sector, assets and customer numbers (still No 1)

[wrestlingmad] 20/6/2021 13:21

This is all about asset stripping - think ASDA.

They will raise some capital 5-10% from their own shareholders then take a massive mortgage.

They'll add this to Morrisons’s.

Then they'll strip out and sell the key assets.

Morrisons’s own lots of properties, these will be sold and then leased back to Morrisons’s.

Its factories and abattoirs will be sold.

So they will make a lot of cash by breaking up Morrisons’s.

Once the best assets are sold and Morrisons’s has paid back the debt they put on the company they sell on and exit.

In 3-5 years time.

Doesn’t seem fair or ethical that they can make Morrisons’s pay back a debt so they can clean up.

This is the American model

Like Man Utd and Asda, money talks and Morrisons’s assets add up to more than the current market cap.

The 110,000 employees are not even a consideration.

They are not buying to try and improve its fortunes.

It’s to be stripped and dismantled.

[porsche1945] 20/6/2021 12:29

Whole of the dog index of the world ftse 100 in play, poorly run credit junkie old world businesses worth more with better owners or break up, some share holder value coming at last hopefully ( ftse 100 at dec 1999 level, pitiful) gsk, aviva, BT, all in play, this……Vod Sainsbury’s and a few more next week. Excellent.

[soup de jour] 20/6/2021 12:21

Purely from a selfish point of view this is good because it will re-rate shares.

The ideal would be that this makes the market realise the value, pushes share price above £2.20 for good and the TO is rejected.

This is a good company for employees, customers and shareholders.

If it were to be sold I would hope it remains in British hands.

But that is unlikely.

[liberace pickles] 20/6/2021 12:17

The inevitable short squeeze will add to buying pressure.

It'll push up the share price as well.

Those with shorts open have a mandate to close or reduce their position if a certain percentage increase in price is reached to stem losses.

This is good for traditional holders and gives shorters a punch below the belt.

Bring it on!

[chinese investor] 20/6/2021 12:07

There are 2,409,759,748 ordinary shares.





















.

[chinese investor] 20/6/2021 09:28

If shares aren't suspended 230p !

[cheshire man] 20/6/2021 09:22

Will be interesrting to see what the opening share price will be in the morning :-)

[cantrememberthis2] 20/6/2021 08:16

Always Shorters

[justiceforthemany] 20/6/2021 08:08

Bank of America double upgraded MRW three days after bid was received - they also need investigating after clearly receiving a tip off.

[johncasey] 20/6/2021 08:06

3..tesco and sainsburys

[robertball] 20/6/2021 07:22

Which ones are listed?

[philanderer] 20/6/2021 01:20

Morrisons bid is only the beginning – the entire sector is now in play,

Private equity buyers are set to take advantage of undervalued supermarket shares

[cantrememberthis2] 19/6/2021 23:20

Pete read the data

[pete160] 19/6/2021 23:18

Probably only 'complicated' it in that their mates were shorting the hell out of it to keep the price low?!

[justiceforthemany] 19/6/2021 23:06

230p offer rejected last Monday by the Board - Bloomberg. WHY WAS THIS NOT DISCLOSED TO THE MARKET? THIS IS AGAINST FCA REGULATIONS AND LIKE SAGA DID PREVIOUSLY THIS SORT OF COVER UP SHOULD BE HEAVILY PUNISHED.

Mark Kleinman got the scoop otherwise it may never have been made public to PI's. Criminal.