Morrison (wm) Supermarkets Share Discussion Threads

[nerdlinger] 12/8/2021 14:20

I usually ignore Motley Fool articles, usually just punters talking their book, that one comes across as bear in bull's clothing but interesting in that it broaches the subject of post-failed-bid share price.

[petersw1] 12/8/2021 12:32

I don't really get this idea that a higher price is going to change the buyers behaviour. I expect they will have their plans and calculations. If the price is lower it means more profit for them. If they see routes to a higher return why would they not use them whatever price they pay?

[tygwyg] 12/8/2021 11:30

What's the right price for cherries? More cherry news shortly.

[loganair] 11/8/2021 19:17

How high will Morrisons’ share price go in the bidding war?

Morrisons’ shares: what’s the right price?

My original valuation of 260p-270p was based on a buyer only making small changes to Morrisons’ financial structure.

I admit I was hoping that whoever bought Morrisons wouldn’t need to sell off its freehold property and load the group up with debt — techniques that are often used by private equity to boost the returns they can generate.

However, I think that if the price tag rises any further, then buyers are likely to use more aggressive methods to make money from the deal. To estimate a possible winning price, I’ve revisited my numbers.

My sums suggest that if a buyer is happy to sell some of Morrisons’ freehold property and increase debt levels, then a bid of 300p could be justified. That’s a level Morrisons’ share price last hit in January 2012, when profits were much higher.

[tygwyg] 11/8/2021 11:00

Market Bidco... Looks like F got wind of C interim financing signoff. https://find-and-update.company-information.service.gov.uk/company/13537474/charges Signoff 6thFiled 9th ?public F revised offer 6th a.m.

[nerdlinger] 10/8/2021 17:31

end of an era - no more short positions over 0.5%

Pelham Long/Short Master Fund Limited WM MORRISON SUPERMARKETS GB0006043169 0.48 09/08/2021

[tygwyg] 10/8/2021 15:27

Who would add at this stage? Someone who thought it was just that... a stage. Adding at 262 felt edgy... then... but not now.Getting edgy feels again.

[tygwyg] 10/8/2021 14:11

Not just TH Twitter gone silent but his new boss at Amazon as well... social media embargo suggests a *big* move is afoot.

[jlondon] 10/8/2021 13:16

Tues, 10 Aug 2021

Morrisons 's share price 280.70p to Sell & 280.80p to Buy +0.68% denoted: Bid Situation [Advertised price @1:14pm]

Live dummy quote: 280.774p to Buy
Live dummy quote: 280.646p to Sell

Interesting that the share price has gone just a little OVER £2.80 vs £2.70+2p last bid with an extension to 20 Aug 2021. Kindly check as different brokers may have slightly different prices.

[darkelf1] 10/8/2021 10:52

question is, how long will it take CD & R to put in thier offer?
and will fortress up thier own offer again or just wait?

[tygwyg] 10/8/2021 08:44

Headlines repeatedly say CD&R given extension... *ALL* interested parties have been given more time. Financial journos are useless.

[tygwyg] 10/8/2021 08:12

Hellooooh... Brandes 9.6m sell @gbp3.18Big foot moves?

[chinese investor] 10/8/2021 08:03

Good Start !

[jlondon] 09/8/2021 10:01

"Morrison^s suitor given more time to "put up" or "shut up" as bidding war looms."-Sky News, 8:14am, Mon 9 Aug 2021.

"Shares in Morrisons -up almost 60% in the yr to date as a result of the bid interest closed at 278.8p on Fri, indicating investors are hoping for a higher offer. The stock was trading at 280p in early deals on Mon."

[ygor705] 09/8/2021 08:36

This morning's price is saying a rival bid is on the cards. Personally, I can't see the Terry Leahy consortium giving up without a fight. This is a very big opportunity and warehouses are a very sought after asset these days!

[chinese investor] 09/8/2021 08:30

Surely we are near the top ?

[chinese investor] 09/8/2021 08:02

Good Start !

[jlondon] 08/8/2021 18:28

"Takeover of Morrisons backed by 2 influenctial investment advisers: Recommendations are expected to be delivered next wk."- This is Money, 7 Aug 2021

"It is understood that Clayton Dubilier & Rice, whose initial offer was rejected by the board in June, HAD BEEN CLOSE TO MAKING A BID ON FRI MORNING, but delays in the process allowed Fortress the opportunity to take the UNUSUAL step of raising its own offer in anticipation."
---
A confirmation as to market chatter that CDR was going to make a bid which is history now but good to see it in print.

[chinese investor] 08/8/2021 16:38

One of Britain's biggest convenience store groups is plotting a £30m cash call to accelerate the expansion of its partnership with Morrisons, the supermarket giant.

Sky News has learnt that McColl's Retail Group has approached institutional investors about a placing to raise almost as much as its existing £40m market capitalisation.

McColl's could be forced to confirm the talks in a statement to the London Stock Exchange as early as Monday morning.

[jlondon] 07/8/2021 22:01

Daily Telegraph has just published a new article on Morissons plc takeover.
Its via subscription but 2-3 paras are free to read.
It came out at 7pm, Sat, 7 Aug 2021. Its on the other MRW forum.
Its about Terry Leahry of Tesco fame.