Share Name Share Symbol Market Type Share ISIN Share Description
Morrison (wm) Supermarkets Plc LSE:MRW London Ordinary Share GB0006043169 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.10 -0.04% 285.30 285.20 285.40 285.60 285.10 285.50 12,660,948 16:35:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food & Drug Retailers 17,598.0 165.0 4.0 71.5 6,875

Morrison (wm) Supermarkets Share Discussion Threads

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Happy to sell (@just under 235) and a nice gain over 8 months. Never thought this dog would have its day, but the market is an unpredictable beast at times.
Would like Amazon to buy Morrison's and integrate it and leave it trading as a store as well . 300p per share knock out deal ASAP
Clearly platforms not keeping up with trading in Morrison's this morning , clearly mega interest in an undervalued cash cow stock !
Looking Good !
chinese investor
Cannot understand 233p. 08:10 then 178p 08:19 for Morrison's has offer been withdrawn ?
Next 10 minutes are important ! Will it rise or fall ?
chinese investor
Wheres the idoit who said these would go down hiding now.
Keen on Morrison’s as is. I like shopping there. Good dividend. I guess key here is if Amazon come in with a bonza bid for their own distribution strategy i.e. at +300p - then one has to accept the ‘market’ so to speak.
nhs buyer
CD&R's confirmation that they will pursue the takeover regardless of the boards rejection shows a bid closer to 10bln could be the end result. Therefore, 230p is more than realistic for this morning. I see this going to around 290p prior to any takeover.
adrian noble
U.S. buyout group Clayton, Dubilier & Rice LLC has chosen a soft target in approaching Wm Morrison Supermarkets Plc with a 5.5 billion pound ($7.6 billion) takeover proposal. The U.K. grocer says the price is too low. But its defences are weak and it could have a fight on its hands to stay independent. The only surprise about CD&R’s 230 pence per share approach is that it has taken so long for a bidder to emerge. Pandemic shopping habits combined with lack luster share price performances have made grocers alluring buys. Morrison is the smallest of Britain’s so-called big four supermarkets and has all the ingredients to be an attractive private-equity target. There’s almost 5.8 billion pounds of freehold property on Morrison’s books, compared with a market capitalization of 4.3 billion pounds on Friday. The share price has underperformed the FTSE All Share Index over the past two years, even amid a turnaround under Chief Executive Officer David Potts. Management has been criticized for receiving high pay despite the poor shareholder returns. The premium being dangled is 29% above the shares’ last close (which was also roughly their three-month average price) and shareholders would keep a 5 pence dividend. That’s not an offensive offer, but it’s a long way from a knockout. A sweetened proposal with a juicier premium would put the board under real pressure. CD&R won’t want to go hostile, but shareholders could demand that Chairman Andrew Higginson engage. Given Morrison’s large freehold estate — which accounts for more than 80% of the supermarket’s stores and distribution centres — the traditional defence against a takeover would involve selling off property to raise cash. A mini breakup, disposing of the group’s food manufacturing arm, is the other obvious tactic. Shareholders would get a big windfall from the proceeds and be left with a leaner grocer. Although a private equity bidder may feel comfortable with such strategies, they probably wouldn’t work for Morrison as a public company. The history of U.K. retail is littered with such sale-and-leaseback deals that have saddled companies with long rental commitments and too much debt. Morrison already has net borrowings of 1.8 billion pounds excluding leases. And exiting manufacturing could undermine the company’s pricing strategy: Making its own quiches and filleting its own fish helps keep costs low — and value is central to its market positioning. Shareholders may also be sceptical of any renewed promises by management to improve trading. Although German discount grocers Aldi and Lidl were hurt by the pandemic — as consumers switched back to big weekly shops in traditional supermarkets — they are gaining traction once more. The more realistic course for the board would be to fight for a high-priced deal rather than no deal. That means preparing a list of alternative buyers who could get an auction going. Morrison shares closed as high as 269 pence in August 2018. An offer at 250 to 300 pence — at least a 40% premium — would be tempting. At that level, a deal would cost at least 7.8 billion pounds including assumed net debt (but excluding leases), or 7 times this year’s expected 1.1 billion pounds of Ebitda. A deal with CD&R might simply look too cozy. Terry Leahy, the former chief executive officer of Tesco Plc, is a senior adviser to the firm. Higginson is Tesco’s former finance director, and Potts was the director responsible for Tesco’s stores. Last year, two of Morrison’s non-executive directors quit on concerns about the closeness of Higginson to Potts.
chinese investor
Amazon, don’t pay big money lol delusional talk… 350p+ lol
ny boy
"Clayton, Dubilier & Rice set to continue pursuit of Morrisons" ..Another analyst said 250p a share was probably the price beyond which negotiations would become serious, and pointed out that Silchester (largest shareholder with 13%) acquired much of its stake at prices above 200p a share. https://www.ft.com/content/da5c8b25-3535-41d6-80c4-944340d17e42
Any successful bid would have to be north of 300p - agree https://uk.finance.yahoo.com/news/morrisons-rejection-5-5bn-offer-175302434.html
And hopefully at sbry also!
Not a chance, will open at 2.30 and go to 2.50 IMO, too many shorters and in view of what’s been said and the tie up with Amazon I reckon they’ll still be good value at 2.30, reckon Amazon will eventually buy at 3.50+
price will fall tomoro..bid rejected
Wonder what value the freehold of Morrisons stores is to the asset strippers?
I wonder what Sir Ken would make of selling out to American asset strippers
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.
russell crowe
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.
imastu pidgitaswell
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.😆
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.
big yankee dealer
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