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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 -0.03% 285.90 285.90 286.00 286.40 285.80 286.30 34,076,885 16:35:24
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food & Drug Retailers 17,598.0 165.0 4.0 71.7 6,890

Morrison (wm) Supermarkets Share Discussion Threads

Showing 9626 to 9645 of 9950 messages
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DateSubjectAuthorDiscuss
08/7/2021
21:08
Look under the broker price forecasts at what they imply. The minimum forecast is 254, because the Fortress offer is binding. So a forecast of 254 simply means the broker does not expect a better offer (or at least does not expect a better offer which will not be rejected for reasons of commitments - or lack of them - or by politicians/regulators). A forecast of 262 just indicates an expectation of one further acceptable bid, as opposed to a bidding war. The forecasts are less to do with price and more about how the brokers see the positions of the possible bidders. I am inclined to see a takeout somewhere in the 260s. To go higher will require something akin to the scenario of Barbarians at the Gate (the book about the bidding war for Nabisco in the 80s (and in which KKR was a player). In that case the takeout price was dictated by PE machismo rather than financial calculation. It seems unlikely they could be that stupid again, but we can hope.
wba1
08/7/2021
10:13
BERNSTEIN INITIATES WM MORRISON SUPERMARKETS WITH 'MARKET-PERFORM' - TARGET 262 PENCE BARCLAYS RAISES WM MORRISON SUPERMARKETS TARGET TO 254 (190) PENCE - 'EQUAL WEIGHT'
philanderer
08/7/2021
00:53
Morrisons defends its private equity takeover amid calls for Parliament to scrutinise the £6.3bn deal Morrisons last night sought to head off political opposition to a private equity takeover of the supermarket amid calls for Parliament to scrutinise the £6.3billion deal. In a letter to government ministers and MPs in constituencies where it is a top employer, the grocer claimed that buyout firm Fortress and its backers would be ‘good stewards’ of the business. It listed undertakings the consortium has given on pay, suppliers and properties, despite questions about how binding these will actually be and for how long. https://www.dailymail.co.uk/money/markets/article-9766053/Morrisons-defends-6-3bn-private-equity-takeover.html
philanderer
07/7/2021
17:06
Brandes once again sell a chunk for a price beginning with a 3..... interesting
tygwyg
07/7/2021
16:04
100% with you on AMAZON idea, that is if they decide to get involved. I can't see Amazon changing much how the business operates. Having said that if it gets sold we the shareholders and therefore the owners will get our noses pushed out (of the trough).
pjleeds
07/7/2021
14:16
The way I see it, if you are looking to preserve the business as is, you can get away with a lower offer and will have the boards blessing as demonstrated by the accepted offer from Apollo. If you are perceived to want to load the business with debt, cut costs and asset strip you will have to pay up. Therefore, Amazon will not have to bid very much higher than the existing accepted offer to secure the business, who would staff rather sell to, a consortium saying the right things or a company like Amazon who are existing partners. If Amazon does decided to buy I expect an offer close to the accepted offer, they really don't need to pay up
kingalf
07/7/2021
08:36
Asset strippers took out Debenhams, Sold their properties, then rented them back to Debenhams.. Is Morrisons next on the hit list ? .. Morrisons own 80 percent of its properties Morrisons: Government seeks assurances over Fortress takeover bid https://www.retail-week.com/grocery/morrisons-government-seeks-assurances-over-fortress-takeover-bid/7040180.article?authent=1
johnwise
07/7/2021
08:07
Makes sense…. Amazon has a new CEO on the scene. Plus Morrison’s have been selling Amazon products for a few years now. It would be a good entry into the UK market. Tech leading the way. We need to see some more bids coming in this week. Let’s juice it up a bit.
leadersoffice
07/7/2021
03:56
Amazon could yet make a takeover bid for Morrisons according to analysts as a potential bidding war for the grocer heats up. Despite accepting a takeover offer, the deal still needs to be approved by shareholders who may well shun the firm if a better offer is made. Many have pointed to Amazon, which significantly expanded its partnership with Morrisons last August and now sells its entire range on its platform. “Amazon’s UK supply chain has become inexorably linked to Morrisons during the pandemic,” ParcelHero’s head of consumer research David Jinks said. “Not only does it source Amazon Fresh online orders, Morrisons also stocks Amazon’s three, pioneering, till-free Amazon Fresh stores in London. Morrisons’ Amazon deliveries are now available in around 50 towns and cities across the UK. The tie-up has become so successful that it now accounts for over 10 per cent of all sales at participating stores.” Jinks believes a third-party takeover could be bad news for Amazon, which is perfectly positions to utilise Morrisons store estate and established supply chain to help it break into the UK grocery market, an ambition it has been investing in significantly this year. “Fortress̵7; offer of 254p per share now looks a little low, with the stock price reaching a high of 268p recently,” he added. “Who has the money to top this offer? Amazon is known to have a bulging war chest. Incomer Andy Jassy has worked hand-in-glove with his former boss, Jeff Bezos, and is known to fully support Amazon’s philosophy that you must speculate to accumulate. Some analysts are saying bidding could go as high as 280p per share, a price well within Amazon’s reach.” Interactive investor Richard Hunter believes it is “perfectly feasible” that other bids could still be made and that Amazon could yet “emerge from left field as a surprise last minute entrant”. “UK supermarkets in general are cash generating engines, whose share price gains have been capped by the costs of the pandemic, despite increased sales, making them more attractive on valuation metrics,” he added. “In addition, Morrisons largely owns its freehold estate, adding another sweetener to any potential purchase.” Edge by Ascential’s retail analyst Chris Elliott meanwhile believes Morrisons could be too small for Amazon to consider taking over, suggesting it could instead favour Sainbsury’s. “Amazon and Morrisons have had a partnership since 2016 and there has always been speculation that Amazon would bid for the supermarket to significantly expand its grocery offering. “However, more than five years later its has yet to submit an offer and with a bidding war on the horizon, it seems unlikely it will choose this moment to strike. “However, if Amazon is looking to enter the market its option are running short, with Asda sold last year and Tesco’s huge valuation. It may then feel the pressure to bid but given its acquisition of Whole Foods in the US, it may be looking for a more premium retailer and while it could be tricky, Sainsbury’s is arguably now its best option if it wants to enter the market via a takeover.”
chinese investor
07/7/2021
01:22
Mark Kelly, managing director at investment bank Cowen, said in a note on Monday that the “only risk worthy of any level of discussion would be the scope for the UK secretary of state for Business, Energy & Industrial Strategy to intervene”. But he added that Fortress had gone to great lengths to address this. “There is indeed a very low risk of the UK government intervening.” https://www.ft.com/content/e45565d2-0e2b-4224-b0d4-f73cd086e276
philanderer
07/7/2021
01:12
'Morrisons chief to be quizzed over £6.3bn takeover: Business secretary Kwasi Kwarteng seeks meeting with chairman' https://www.dailymail.co.uk/money/markets/article-9762509/Morrisons-chief-quizzed-6-3bn-takeover.html
philanderer
07/7/2021
00:00
sbry profit upgrade today surley same for mrw also to come at half year results, wonder is q2 trading statement would be put out?
rolo7
06/7/2021
14:57
Politics ;-)
philanderer
06/7/2021
14:38
Could be a good time to short this. Limited upside - Huge downside possible Remember what happened to the Sainsbury share price when bidders realised what they were getting into back in 08/09
spob
06/7/2021
12:03
There irrelevant..., shady lot who recorded almost 600 m loss on Archegos collapse.
leadersoffice
06/7/2021
10:26
CREDIT SUISSE CUTS MORRISON SUPERMARKETS TO 'NEUTRAL' ('OUTPERFORM') - TARGET 254 (216) PENCE
philanderer
06/7/2021
00:28
Analysts said other potential bidders could be waiting in the wings as well, from rival private equity firm Lone Star to tech giant Amazon, which has an online delivery partnership with Morrisons. Sainsbury's is another potential bidder being touted by analysts as the grocer looks to grow its market share. https://www.dailymail.co.uk/money/markets/article-9758391/Morrisons-not-sold-wrong-reasons-warns-Legal-General.html
philanderer
06/7/2021
00:22
bountyhunter, no problem. Guardian: Britain’s largest asset manager has warned that Morrisons could be taken over by a private equity outfit for the “wrong reasons”. Legal & General Investment Management (LGIM) warned on Monday that potential buyers should not buy Morrisons to take advantage of a possibly undervalued property portfolio, to load it up with debt, or to cut its tax bill, in comments that appeared to criticise practices commonly associated with the private equity industry.
philanderer
05/7/2021
20:36
I hope you don't mind if I post that on the Tesco thread Philanderer.
bountyhunter
05/7/2021
20:35
In which case I presume he would say the same if Amazon were to bid for Tesco!
bountyhunter
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