Morrison (wm) Supermarkets Share Discussion Threads

[cwa1] 19/8/2021 16:14

What is the weird part of it?

[badger010776] 19/8/2021 16:11

Weird- received this by email from Jarvis today...Dear Client Re: MORRISON(W)SUPRMKT ORD GBP0.10 We are writing to advise that MORRISON(W)SUPRMKT ORD GBP0.10 has recently announced a recommended increased cash offer by Oppidum Bidco Limited. The result will be that in lieu of each share of MORRISON(W)SUPRMKT ORD GBP0.10, you will receive GBP2.70 in cash, expected to be received on or around 21st September 2021. Subject to the scheme becoming effective the Company will also pay a special cash dividend of GBP0.02 per share to holders as at 6pm on 6th September 2021. The dividend is expected to be paid on 21st September 2021.

[leadersoffice] 19/8/2021 16:07

Where is it ??

[bountyhunter] 19/8/2021 12:00

According to the BBC an increased bid is anticipated this afternoon.

[chinese investor] 19/8/2021 07:49

It's getting exciting !

[darkelf1] 18/8/2021 20:53

I dont think anymore extensions should be allowed as all parties have had plenty of time to formulate thier bids and also have a counter bid ready.

[darkelf1] 18/8/2021 17:00

What for? Are they going to wait until the last minute to announce thier bid?

[tygwyg] 18/8/2021 10:39

Ducks lined up sort of feeling.

[woodwards26] 18/8/2021 02:10

Word for word loganair post

[tygwyg] 17/8/2021 14:29

285 in sight... 3xx still on.Primed

[loganair] 17/8/2021 13:12

The latest take-home grocery figures from Kantar show sales fell by 4.0% year-on-year during the 12 weeks to 8 August as consumers continued to return to pre-pandemic shopping habits, making smaller but more frequent trips to the stores. However, in the last month, sales declined more slowly by 0.5% and the data shows that Covid is still having an impact on people’s spending as grocery sales remain 9.9% higher in the latest 12 weeks than in 2019.

Kantar’s data suggests just over 20% of the population bought groceries online in the latest four weeks, the lowest level since October last year, while the share of grocery sales made online now stands at 13.0%, down from a peak of 15.4% in February.

This shift away from online contributed to Ocado’s sales falling by 0.7%, its first decline on record. McKevitt said.

Looking at the performance of individual retailers, Waitrose was the only grocer to increase sales in the past 12 weeks, with growth of 0.6% as it attracted 365,000 more shoppers than it did last year. The retailer expanded its market share by 0.2 percentage points.

Tesco’s share of grocery sales also increased by 0.6 percentage points from 26.6% to 27.2%, its largest year-on-year share gain since 2007. Sales were bolstered by its premium ‘Finest’ range, which rose by £29m

Sainsbury’s share nudged up by 0.3 percentage points to give it 15.2% of the market.

Asda’s edged down to 14.2% despite a 17% jump in the number of shopping trips to its stores compared with last year.



Meanwhile, Morrisons share dipped to 10.0% after its sales fell by 6.2% against its strong performance last year.



Meanwhile, Aldi and Lidl both gained market share again. Aldi now holds 8.2% of the market and Lidl 6.1%.

Co-op and Iceland, two of the standout performers of the past 18 months, saw their sales fall year-on-year.

[loganair] 17/8/2021 13:06

Experts said Morrisons might have to be broken up if it is sold.

City analysts Bernstein said the new owners would need to sell off part of the supermarket to reclaim some cash.

Bernstein said buyers would struggle to make a profit "without significant asset sales”.

As well as the supermarkets themselves, Morrisons owns petrol stations, food factories and depots.

A second group of analysts, William Woods, said if the price of Morrisons goes up any further then this could mean the buyers have to sell off bits of it.

[hades1] 16/8/2021 19:40

Well it didn’t go back to 272p (today’s low 278.1p) - Not yet anyway but I won’t be adding at these lofty levels.
Let’s see whether we get another offer?
Good luck to all holding.

[loganair] 16/8/2021 19:00

Morrisons board and the takeover panel would not have allowed more time to the private equity firm if they did not think it was going to come back with a higher offer,

CD&R may have to offer at least 275p, although the City is deeming 280p more appropriate.

Since takeover talks started, Silchester, has been trimming its stake and has made £5mln from 1.7mln shares sold at 282p.

[loganair] 16/8/2021 18:52

The Times: Clayton Dubilier & Rice, the American private equity firm that first put Wm Morrison in play, is gearing up to trump a rival £6.7bn offer for the British supermarkets chain this week and to persuade its target’s board to change its recommendation.



EG: A new offer is expected for Morrisons this week as Clayton Dubilier & Rice seeks to trump Fortress. CD&R has until Friday to submit a bid to rival Fortress's £6.7bn offer, and to convince the board to change its recommendation.

[pjleeds] 16/8/2021 16:49

"THIS" is far from over.

[fletcher270] 16/8/2021 16:35

Who was the goon who said it would be £2.70 today

[chinese investor] 16/8/2021 09:22

The American private equity firm that first put Wm Morrison in play is gearing up to trump a rival £6.7 billion offer for the British supermarkets chain this week and to persuade its target’s board to change its recommendation.

Clayton Dubilier & Rice, which counts Sir Terry Leahy, the former Tesco chief executive, as an operating partner, has until Friday’s bid deadline to make a higher offer or walk away.

It started the bid battle in June with a 230p-a-share possible offer, but competition from a consortium led by Fortress, another American buyout group, means that it will have to raise its price by at least a fifth to beat its rival.

[loganair] 16/8/2021 06:47

The Times: Clayton Dubilier & Rice, the American private equity firm that first put Wm Morrison in play, is gearing up to trump a rival £6.7bn offer for the British supermarkets chain this week and to persuade its target’s board to change its recommendation.



EG: A new offer is expected for Morrisons this week as Clayton Dubilier & Rice seeks to trump Fortress. CD&R has until Friday to submit a bid to rival Fortress's £6.7bn offer, and to convince the board to change its recommendation.

[hades1] 15/8/2021 21:15

The risk and margin mean it's impossible to profitability trade into unless you have an existing position.

[hades1] 15/8/2021 21:13

Strange remark No one has suggested the existing offer won't stand.It's just at 270+2p.

[leadersoffice] 15/8/2021 15:16

Shorters be aware

[hades1] 15/8/2021 14:02

Doesn't sound promising.Expect this to drop closer to the 272p existing offer price tomorrow.

[chinese investor] 15/8/2021 09:02

"Talks to get the US investment giant Apollo on board to finance a bid to buy Morrisons have cooled after a shock increase in the offer price earlier this month.

New York-based Apollo had been lined up to join a takeover consortium led by the private equity firm Fortress.

But market sources this weekend said they believed Apollo had baulked at the dramatic £400million price increase for the supermarket chain.

Fortress increased its offer from £6.3billion to £6.7billion nine days ago in a highly unusual pre-emptive strike to gazump its rival Clayton Dubilier & Rice, advised by former Tesco chief executive Sir Terry Leahy."