Morrison (wm) Supermarkets Share Discussion Threads

[kennewil] 27/7/2021 11:32

Also. Just voted against with ii

[kennewil] 27/7/2021 11:32

I use Sainsurys in Guildford. Have everything delivered and it is a great service. So far nearly aways get what we ordered or a replacement with voucher for difference in price.

[petersw1] 27/7/2021 11:14

I’d also looked there but found it hard to interpret.
There’s the “Nominee Companies” entry that accounts for 88.68% of the share capital.
Are PI’s with shares in nominee accounts included as a small part of that section?

[tygwyg] 27/7/2021 10:25

The only sure fire way of making your vote *really* count is to withdraw your holding from your nominee account and vote as a legal holder and not as a beneficial holder... ahh lovely expensive dead tree certs

[nerdlinger] 26/7/2021 14:53

Re nominee accounts, I'm with iWeb for my ISA and I voted online in (against...) the SKY takeover vote. Very straightforward, I'm assuming this will be the same.

EDIT: actually, that SKY situation was different, not a scheme of arrangement, I held out for a while but finally accepted the offer online. I'm not sure now that I'll get a vote on MRW.

EDIT: used the chat facility on the website to ask if I will get to vote and actually ended up voting (against), or at least having my instruction submitted, took 2 minutes. Not entirely convinced it will get counted though.

[nerdlinger] 26/7/2021 14:48

I read this WSJ article, linked below, on my 'phone yesterday, behind a paywall now though. Generally interesting and some discussion of MRW in particular. Worth a read if you can.

[tygwyg] 26/7/2021 10:11

Crisis management meeting must be over by now... surely?

[pjleeds] 26/7/2021 09:26

Did my shopping for the week at morrisons kirkstall branch this morning, got in there at 06.50. Wet fish counter gone. Dozens of staff not in uniform filling shelves and chilled display units. A lot of new chilled display units and a lot of things moved to new locations, as a result I didn't get out of there until 07.20. Have given up using more card, OFFERS are pathetic. Doesn't bode well for the future. May well defect to sainsburys and use nectar card only ..

[petersw1] 25/7/2021 22:12

I presume PI's holding their shares in nominee accounts likely need to send their instruction for the votes reasonably in advance. With that in mind I have just sent my instruction to HL to vote against the scheme.

[waldo2020] 25/7/2021 11:57

I'm voting against it too. I have been a long term investor, as a shareholder and shopper, and feel the deal is more to satisfy the board at the cost of most shareholders.

[johnwise] 25/7/2021 05:20

This Clown Beijing Rishi Sunak has already destroyed the economy with his failed eat out and furlough schemes. Now he wants to move towards virtual currency..

All this under a so called Conservative government that is very compromised by the banking cartel and CCP China


The Death of the Tory Party

UK: Beijing Rishi Sunak plans to replace our cash with official digital currency in 'biggest upheaval in the monetary system for centuries'

[ashleyjv] 24/7/2021 08:08

The problem is that 60 - 80 percent of PIs won't vote

[gombie] 23/7/2021 22:41

I will definitely vote against it.

[petersw1] 23/7/2021 18:14

Is everyone here intending to vote against the offer the board has recommended?
If I've understood correctly it needs 75% approval to pass.
If a lot of PI vote than it could be enough to make a difference.

[nerdlinger] 23/7/2021 16:31

That text in my last post was a quote from the Iceland boss. I personally think the exec seem too keen to accept a low bid, they might have expected further bidding but it's not guaranteed and they do stand to cash in either way, their banker advisors also might have incentives to accept any deal. If this bid goes to a vote and gets rejected there might be further haggling but if we end up keeping our shares I don't think we can keep the exec.

[nerdlinger] 23/7/2021 11:21

'Generally private equity investment in retail businesses that were once public are designed to strip assets out and increase profits before the business is flipped.

'Morrisons is asset-rich because it was a family-owned business and it has been undervalued.

'I do not think foreign investors are coming to Britain because it is a great place for investment – I think it is because they want to make money. The board should be rejecting the offer. They have turned over and had their tummies tickled too early.'

[johnwise] 23/7/2021 07:05

"Investment are you mad. They will sell all the land assets the company has then lease them back, they will take out Billions in bonuses and dividends and leave the company a mere shell of itself on the brink of bankruptcy." Remember Debenhams..


Kwarteng gets it wrong on Morrisons: Private equity thrives on cutting jobs not creating them, says ALEX BRUMMER

[tygwyg] 22/7/2021 07:22

What a ryde