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
  0.00 0.0% 176.85 176.55 176.75 0.00 0.00 - 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food & Drug Retailers 17,735.0 320.0 10.3 17.1 4,231

Morrison (wm) Supermarkets Share Discussion Threads

Showing 9876 to 9899 of 10450 messages
Chat Pages: Latest  406  405  404  403  402  401  400  399  398  397  396  395  Older
14 September 2017 Interim results announcement 28 September 2017 Ex dividend date
chinese investor
Interim results due 14/9/17. As well as holding shares I also shop regularly at Morrisons. There's been a noticeable lift in the cost of my families weekly spend due to their price increases. Wonder if this will be reflected in their 1/2 year profits or whether the standard script for increases ("due to an increase in supplier costs") is actually true.
There were announcements earlier this year that 14 days would be the maximum period certain smaller suppliers would be waiting to be paid. hTTp://
Good stuff scotches I too am concerned about the short interest. One thing I notice as a shopper is how expensive Morrison's is now. It is not the cheap shop it was five years ago. But having said that the customers seem loyal so it could be the right strategy. I have wondered if the shorts are based on the fact Morrison's would be vulnerable in a price war. It is worrying the average pay time is up to 50 days, that is a long time for a supplier.
The expansion in MRW short interest targeted a company whose debt had ballooned to 2.8 billion, had multiple periods of falling sales, had successive costly strategy reverses. Potts arrived in March 2015 but the short interest kept increasing since initially it seemed he wouldn't be able to get to grips with the problems either. Look at the negative comments on here round about Nov - Dec 2015 when the share price dived to 140p. So the shorters looked to have picked a legitimate target at that point. Aug 2014 above 5% June 2015 above 13% Since then we have had reducing debt, increased sales and competent management. However the shorters still expanded and reached over 19% by Oct 2016. A lot of the more recent short interest from Jan 2016 onwards will currently be in a losing position with the share price up over £1 from the lows (unlike Carillion where they had been continually ahead). Since short interest is still above 15% they haven't really conceded they think they are wrong. Maybe it will take share buybacks or divi increases to finally get rid if the company is in a sufficiently robust position at some future point.
Amazon worries !
chinese investor
Just find the number of short holdings in this co. disconcerting, people questions the logic, a little like Clln., this co. has no connection whatsoever, but why is there is there so much short interest!!
i see in Burton Morrisons half the self service checkouts are card only...and the queues are getting worse...listen j boys we want to pay by cash not friggin cards!
scotches, I'm young - I'm not bothered with anything over a fortnight old !
chinese investor
>>>All Time High ! Click the "Long Term Chart" in the header. Change the "period" from current two years to "all". Click "draw".
well done all holders - good to see this.
All Time High !
chinese investor
WhhhhhheeeeeeeeeeeeeeeeeeeeeeThrough 250p
Daily Mail Supermarket sausages can give you hepatitis: Public health study reveals own-brand food leaves thousands at risk of virus that causes liver and brain damage
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."
Chat Pages: Latest  406  405  404  403  402  401  400  399  398  397  396  395  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:20200226 07:47:34