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
  4.70 2.39% 201.70 200.70 200.80 201.20 196.10 196.10 8,535,934 16:35:27
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food & Drug Retailers 17,735.0 320.0 10.3 19.5 4,825

Morrison (wm) Supermarkets Share Discussion Threads

Showing 9851 to 9871 of 10375 messages
Chat Pages: Latest  403  402  401  400  399  398  397  396  395  394  393  392  Older
Sold yesterday as the jitters has set in. Mostly holding cash now so good luck to all.
Great RNS !
chinese investor
A bright spot in a dull day !
chinese investor
Did Maverick find some loose change down the back of the sofa on Monday - they bought back 0.04% to take their overall short down to 3.66% of the company - ie at some stage they still need to buy back another 85,487,228 shares. Their average sell price will only be a little over £2. If prices persist 85m x 50p would be an expensive hit - plus the divis, plus the loan fee. Maverick got a nasty burn on Arm Holdings this time last year of about £126m. hTTp://
Woollies did lease back so when they got into problems they had no physical assets !
chinese investor
>>>Morrisons saw improving earnings in the last three years, most are down to selling and leasing back properties this process contributed £280m to earnings when compared to £924m in underlying earnings. I thought leaseback proceeds were excluded from underlying earnings.
Interesting Walbrock thanks for that. But you don't appear to understand what went on with the Tesco accounting scandal; it wasn't a matter of delaying payments to suppliers at all, it was a question of recognising profits before they had actually been earned. Delaying payments to suppliers is a very different beast altogether and quite legitimate, so long as the suppliers are agreeable to it. Morrisons are booking their profits in the appropriate period, they are just holding on to the payments to suppliers for longer. It is a worthwhile question as to whether this is sustainable, but even if it reverses it won't materially impact profits just working capital. Oh and I would also dispute that the 70% share price rise was anything (or at least very little) to do with any potential Amazon takeover. The financials explain the shareprice, there is not really any material M&A premium in the price currently IMHO.
Having done some research there are some interesting patterns emerging from Morrisons. Morrisons saw improving earnings in the last three years, most are down to selling and leasing back properties this process contributed £280m to earnings when compared to £924m in underlying earnings. The company still own properties and has a low operating lease and rental expenses in comparisons with Sainsbury’s and Tesco. Operationally I see two weaknesses. First, net book value of fixtures and equipment aren’t written off in the balance sheet, despite £1.5bn original costs write down. It distorts the shareholder equity by £300m. Second, is average payables are at their highest of 50 days and higher than both Tesco and Sainsbury’s of 34 days and 38 days. Those who remember Tesco accounting scandal would know is delaying to suppliers were the main accusation. Elephant in the Room The takeover rumour is possible and the likely candidate is Amazon because of their partnership to supplying Amazon Fresh. That’s why the share price rose by 70%. For more analysis on Morrisons, especially its comparison to rivals and valuation, click
Thanks for the Flowerworld link - ordered 'Rose & Lily Shadow Bouquet' for my girlfriend. Some of these shorts go back a long time (Pelham over 3 years)and as you say there is a substantial short position although it has been larger. Logically you would think that they would be closing but I guess a share like Morrisons is not going to buck a market trend if the general market takes a dive from it's current high which may be what the shorts are hoping for.
The difficulties at Carillion are worth observing. This was the market's biggest short position with over a quarter of the company short. However the absolute value of the short there is dwarfed by the number of shares still outstanding here. 16.5% of MRW is over £900m to buy back at current prices. It's as if any trading or balance sheet improvements are of no value and the initial assessment of a company in trouble during the falling sales, high debt period still applies - so why should the shorts close. Or is this the same type of comment that the bulls were making on the CLLN thread. Naturally this observation of hedge-fund behaviour (by John Burford at iii) suits the bull case better. "Hedge funds are necessarily trend-followers and that is their Achilles heel. They seek out a trend and ride it - to destruction, in fact. Because they are not equipped to spot trend changes, they are always caught flat-footed when there is a "surprise" trend change - and a massive short squeeze is on that can propel the market upwards like a rocket."
Not So Good Now Though !
chinese investor
Good Start !
chinese investor
Looking Good !
chinese investor
hTTp:// Significant price action this afternoon among the grocers after Amazon purchase of Whole Foods announced. MRW dived 4% to 232p and then recovered. "Whole Foods has just nine stores in the UK so the impact on Morrisons (which has its own tie-up with Amazon) should not be too significant, and if anything could support Morrisons if it signals how Amazon might be able to help it grow market share"
Morrisons in the news with regard to executive pay - after the spat at yesterday's AGM. Shareholders have had a much more enjoyable investor experience over the last couple of years than that endured under the headless chicken management style of the previous incumbent Dalton Philips. CEO Potts doing well, so pay him an appropriate amount. However why does the pay structure require "bonus" incentives. Does the remuneration committee not believe that Potts would be trying to improve cash flow (one of the metrics to trigger the bonus) anyway as part of his job. Similarly why would increased sales, profits or any such tally be the trigger for a special reward. Why not have a much simpler structure of paying a large proportion of base salary in the form of shares - that way the aims of owners and managers are aligned.
XD Date Today ! 3.85p !
chinese investor
Indeed. Ouch. Twice now we have had good news in the last 2 months and each time the price has been knocked back. Hard to explain other then by that the shorts are adding to their positions. You would think it is kamikaze, but it does prevent many at least from having to report large paper losses on their holdings. For now. So more of the same helps them perhaps.
Like for like sales up again by 3.4% this time. With the turnaround to continue I fail to see £2!
Every one down the Pub ?? "Morrisons: HSBC maintains Reduce with a target price of 200p."
Recovery Continues !
chinese investor
Before XD there is a trading update next week on May 4. The house broker Shore are not completely independent so you might think that relationship would make them more accurate in their forecasts than other brokers. MRW chairman Andy Higginson had some time on his hands and added to his multiple role workload by joining Shore as a "senior advisor" last year. How come these people have so many jobs - how can they do them all well? Anyway the point is you might logically think Shore will have "guessed" the next update right. Morrisons is “in much better shape” than it was last year, as it further exploits its manufacturing capacity, analysts say, ahead of its first-quarter results, due on May 4. hTTp://
Chat Pages: Latest  403  402  401  400  399  398  397  396  395  394  393  392  Older
Your Recent History
Morrison (..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20191207 03:59:25