Morrison (wm) Supermarkets Share Discussion Threads

[1fox1] 07/11/2017 19:15

Hmmmmmmmm Sold at 235p for a tiny bit of profit. At least I've had four years dividend payments. Looks like a new downtrend is starting here. Could be tempted back in sub 2 quid

[nerdlinger] 02/11/2017 09:30

+ve Kantar Derya Yildiz, senior analyst at Kantar Retail said Morrisons' interim results show that Potts’ "Fix, Rebuild and Grow" strategy “is bearing fruits for the grocer.” The analyst added: "The Fresh Look store refurbishment plan has created spacious stores and welcoming fresh counters, while The Best and Eat Smart ranges resonate well with shoppers who don’t want to compromise quality for price. “But,” she said, “it’s not just the stores themselves. Morrisons’ USPs – vertical integration and sourcing 100% British fresh meat – are more relevant than ever as shoppers try to avoid Brexit-driven inflation or food transparency issues.” Yildiz continued: “With the recent McColl’s deal for its Safeway brand, Morrisons is finally tapping into the small box scene and doing so without bearing any operational challenges of the convenience channel. The grocer expects wholesale supply sales to be more than £1bn in by the end of 2018.” She concluded: “Cash-smart strategies and cost-saving measures spare Morrisons time and effort to focus on what matters the most: winning shoppers.”

[crystball] 02/11/2017 07:45

Not impressed with these figures. No mention of profit expectations.

[gbh2] 31/10/2017 09:51

If the comments on the Morrison's Face Book thread are correct re them Selling Bags for Life but then telling customers that they've stopped exchanging them, they could have a 2nd issue to deal with soon!

[scotches] 10/10/2017 14:00

Compensation culture in full swing as the court case gets underway on the Morrisons data breach. The company which gives them a living is ripe for targeting to see if can divert a little cash to compensate for their loss, their "distress". May as well get our noses in the trough just in case is the employee motivation. What exactly is that loss - not yet established but I'm sure the legal leeches will try and make the relevant case. hTTp://www.yorkshireeveningpost.co.uk/news/court-told-morrisons-staff-must-be-compensated-after-data-leak-1-8796575

[scotches] 03/10/2017 07:19

hTTp://uk.businessinsider.com/lee-ainslies-maverick-fund-usa-makes-no-money-in-first-half-2017-2017-8 Maverick outline why they are targeting retail. They believe that whatever temporary gains appear they will be of less importance compared to the, "...secular forces against their business models." So if the short targeting of retail is so compelling why have Maverick recently decided to trim down their MRW position...at a loss? Maverick short on Morrisons peaked at 3.8% in November 2016. This equated to over 88 million shares had been sold by the company. However the average sell price will only have been around £2 judging by the dates on which the sales took place. Maverick still held 3.7% short in April 2017 but have made several recent repurchases to bring their current position down to 2.76%. Each 1% equates to about 23 million shares. So that means Maverick have lost about 24 million x whatever was the average buy back price compared to the initial short sale price. The loss at this stage must be about £8-9 million, plus loan fees and dividends. There are also a further 64 million shares to buy back at some stage. Perhaps they continue to believe they are right: "On the short side, periods of frustration are not uncommon and are typically followed by periods in which short selling is actually quite rewarding."

[finkie] 30/9/2017 07:27

I have bought and sold mrw a few times recently, I sold last week as the pe is now 20 which is slightly high for me as a long term play, I will look to get back in at around 180/200 if that occurs, they do seem to have a better team in place however and making progress so I may not get the chance!

[scotches] 26/9/2017 10:30

Declared Shorttracker positions are today at lowest point since April 2016 as MRW slips out of the top 3 uglies. However celebrations are on hold since the total declared % jumps about based on the minimum 0.5% rule eg Anchorage are no longer listed with their 0.4 position. A couple of interesting developments: Marshall Wace, one of the most active funds, have slipped under 0.5%. They were 2.7% short a year ago. Maverick, who until recently only had MRW in their sights as a shorting target, have reduced their MRW position (still by far the biggest with 75 million shares short) and started to take aim at SBRY quickly building up a position there. Edit: Maverick look to have taken about an £8 million pound hit on reducing their MRW short position buying back about 30-35p dearer than the sells.

[maxidi] 22/9/2017 19:21

BREXIT NOW..... SIGN HERE !!!! HTTPS://petition.parliament.uk/petitions/200165

[elcapital2017] 20/9/2017 13:09

Does anyone have any idea why the short position in MRW is so high? Thshort is really high and theyre usually in the know www.shorttracker.co.uk/companies/?sort=2&d=desc

[elcapital2017] 20/9/2017 13:07

Does anyone have any idea why the short position in MRW is so high? This looks really high and theyre usually in the know www.shorttracker.co.uk/companies/?sort=2&d=desc

[spirito] 20/9/2017 06:55

240 please

[loganair] 19/9/2017 18:29

British supermarket sales increased by 3.6 percent in the 12 weeks to Sept. 10, largely driven by higher inflation and extending a run of above-3-percent growth to six months, industry data showed on Tuesday. “A 1.5 per cent increase in the volume of goods going through the tills has contributed to this growth while the remainder of the overall sales increase is down to higher prices. “The average British household spends almost £4,200 in the grocers each year so a fall in inflation, which we expect to see as we approach the end of the year, will be a welcome relief. Lidl grew the fastest, with an increase of 19.2 percent taking its share to a record high of 5.3 percent up 0.7 percentage points on last year., Kantar Worldpanel said, while growth at rival Aldi was 15.6 percent, resulting in a share of 6.9 percent. "Collectively Aldi and Lidl now account for nearly £1 in every £8 spent in Britain’s supermarkets – a decade ago this was only £1 in £25". "In the past three months almost 63% of shoppers visited one of the two retailers, up from a level of 58.5% last year.” Despite the growth of the discounters, 98% of households still shopped in at least one of the traditional big four retailers over the same three-month period, Kantar Worldpanel noted. Of the “big four” supermarkets, market leader Tesco came out on top, with sales up 2.7 percent, although its share was squeezed by 0.3 percentage points to 27.8 percent. Sainsbury’s sales were up 2.1 percent as its market share decreased to 15.7% from 15.9%, Asda rose 1.5 percent to sit on 15.4% share and Morrisons was up 2.3 percent as its market share slipped slightly to 10.3% from 10.4%, Kantar said. Co-op sales fell for the second month in row, taking market share down 0.3 percentage points to 6.3 per cent. Waitrose’s sales increased by 2.4 per cent. The retailer has retained a 5.3 per cent share of the market. Sales increased at Iceland for an 18th consecutive period and are now up 4.0 per cent on a year ago, though market share has remained flat at 2.1 per cent. Ocado grew sales by 10.1 per cent giving it a market share of 1.4%. Food inflation was 3.2 percent, compared with 3.3 percent in the previous period.

[chinese investor] 19/9/2017 14:38

"Morrisons has enjoyed particular success with its premium ‘The Best’ line, which has enjoyed a year-on-year sales jump of 38pc. Mr McKevitt said it was “the fastest growing premium range in a market where top-tier products are outperforming all other lines”."

[pherrom] 19/9/2017 14:32

https://uk.finance.yahoo.com/news/supermarkets-enjoy-best-performance-more-115351916.html morning has broken?

[spirito] 19/9/2017 13:21

Was more of a restless night!

[chinese investor] 19/9/2017 10:23

Nightmare Over ?

[spirito] 19/9/2017 08:42

back over 240 by friday?

[chinese investor] 15/9/2017 07:37

Good Start !

[inv] 15/9/2017 06:59

Will soon be back to 250p

[thelastrealhero] 14/9/2017 14:25

Automated trading systems manipulating the share price to make money for big dealers. AI in action.

[scotches] 14/9/2017 09:41

hTTps://www.esmmagazine.com/morrisons-interim-results-analysts-said/49146 Generally favourable analyst comment on results. MRW already trades on a higher multiple than TSCO and SBRY so more is expected especially by less committed short term traders - hence the share price fluctuations. It has been in this 220-250 channel for about a year now. Back at 240-250 before long I suspect. Note that Monteyne mentions the possibility of a share buyback at some stage - perhaps the only way to finally convince the shorters to depart.

[mortimer7] 14/9/2017 08:38

Such a lot of detail to dissect, and overall definitely on the right track IMO. Possibly the market reaction is in the Consolidated statement of comprehensive income where despite focus on increasing revenue, gross profit has grown very little. (ie the core business before exceptionals such as property dealing, finance, pensions etc)

[gregmorg] 14/9/2017 08:33

Only criticism from my point of view is the timid increase in the interim dividend. The 17% increase in pre tax profits is applauded and one might have hoped for the interim dividend, in the light of a savage dividend cut some three years or so ago,to show a more robust sign of a somewhat faster recovery in shareholder income. That may not be the answer to the reasons behind the share price fall. It maybe just that expectations got ahead of themselves!