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MRW Morrison (wm) Supermarkets Plc

286.40
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
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 0.00% 286.40 286.60 286.70 - 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Morrison (wm) Supermarkets Share Discussion Threads

Showing 9926 to 9950 of 9975 messages
Chat Pages: 399  398  397  396  395  394  393  392  391  390  389  388  Older
DateSubjectAuthorDiscuss
19/10/2021
19:07
Looks like I am indeed factually incorrect, at least according to the Guardian who say the positive majority requirement referred to the number of shareholders not the number of shares which I find odd. I'm still disgruntled.
nerdlinger
19/10/2021
17:52
Hi Nerlinger,

You are factually incorrect. Morrisons needed over 75% support for the deal to go through. As expected it achieved this without any problem. Just .77% of the total votes were against the deal. It is very wrong to assume that those who did not vote were opposed to it.

Goldpig

Link below:

hxxps://www.retail-week.com/grocery/morrisons-shareholders-rubber-stamp-7bn-cdandr-takeover/7040804.article

Morrisons chair Andy Higginson said: “We thank shareholders for the strong support received at today’s meetings. We remain confident that CD&R will be a responsible, thoughtful and careful owner of Morrisons and we will now move forward with the remaining steps in the acquisition process.”

goldpiguk
19/10/2021
16:59
What a sad end for a great company.
pjleeds
19/10/2021
16:55
well they needed 51% to vote For and they got 52.75%. Skin of their teeth. We was robbed.
nerdlinger
19/10/2021
16:40
Meeting should have been done by lunch... must have been some buffet or something else.
tygwyg
19/10/2021
16:25
Is there a delay? All I know is that the vote is today sometime. If there is a delay it might be because they haven't had enough votes for a positive majority and they are trying to encourage more holders to vote For. My fingers are still crossed for Against anyway.
nerdlinger
19/10/2021
15:51
What's the delay?
tygwyg
11/10/2021
20:37
Hi Nerdlinger,

I do understand your sentiments, but I concluded the best outcome - to bring certainty to customers, shareholders, and staff, was to support the bid and I voted to accept the offer.

To be honest I think neither of our votes will make a jot of difference. According to the most recent annual accounts (Jan 31st 2021) just 210 shareholders control 89.51% of the company. The 33,077 private shareholders like you and me own just 3.63%. These figures will have changed a bit, but I doubt anything like enough to have an impact on the result.

I am sure many of the larger shareholders have already privately indicated they will support the bid and some will doubtless go on to snap up some of Morrisons freeholds, in future sale and leaseback agreements. For them a win, win!

I see this as a done deal, waiting for the rubber stamp vote, and I am now keen to reallocate the investment proceeds.

Goldpig

goldpiguk
11/10/2021
15:11
Restated my instruction to vote against to my broker via their webchat... I don't think they were just fobbing me off, got a reference number for it...

The voting procedure detailed at looks a bit complicated. You'd think they'd make it easier considering they need a positive majority as well as 75% of votes.

Fingers crossed that I'll still be a shareholder next week with a new stand-in BOD recruiting a more permanent BOD and a share price that isn't too awful.

nerdlinger
07/10/2021
11:47
Silchester in a hurry to exit...Someone not in a hurry to declare. Maybe...
tygwyg
06/10/2021
21:22
15.x % to 8.x% Ahem
tygwyg
06/10/2021
21:16
Silchester in a hurry to exit.
tygwyg
06/10/2021
18:21
That one holder Tony Bramhall is also the key to making someone pay the right price once he feels it's time to sell.He's probably the best motor trader of the era
woodwards26
05/10/2021
13:12
I will restate my intruction to vote against to my broker (iweb, using their chat facility) next week if there are no further developments. So far Columbia Threadneedle and M&G have publicly backed the deal according to the Mail ( ) but I've heard nothing from Silchester who might yet encourage CD&R to increase their bid again.
nerdlinger
05/10/2021
09:25
Amazon wont come in now, and dont think they ever were going to. this will just hold until vote on 19th.
vote will go through

darkelf1
04/10/2021
20:20
Enterprise value (AKA Takeover value is £10,488.50 m) so share price at enterprise / take over value could be circa £4.35 per share?
praipus
04/10/2021
17:01
So why did we drop to 286, I thought the bid was 287?
chopsy
04/10/2021
16:45
I still think Amazon will take a look.
albert3591
04/10/2021
12:39
It may be worth CDR mopping up shares in the market if they can get them below the bid price and if they have arranged matters to avoid stamp duty (tricky but sometimes possible). Otherwise difficult to see why to buy.
wba1
04/10/2021
09:02
CD&R has said it still reserves the right to increase the amount of the offer price if a third party announces a firm intention to make an offer for Morrisons on or after the date of this announcement.
scotches
04/10/2021
08:27
Why are people still buying these shares? Do they expect someone to come in with a higher bid
marky1965
03/10/2021
23:40
I expect so.
jeffian
03/10/2021
19:57
So are we expecting a 10p drop in share price tomorrow morning?
chopsy
03/10/2021
18:48
Back to Morrisons, is it a foregone conclusion that shareholders will accept the bid? It seems an awful pity that such a good company - and one differentiated from other supermarket chains by its vertically-integrated supply chain where it produces much of the food it sells - should go the way of PE and no doubt end up loaded with debt.
jeffian
03/10/2021
18:45
Brewer/Pubco Marstons (MARS) might fit the bill. Extremely stuck-in-the-mud management has seen this go nowhere for years. Saw off a tentative bid at £2 last year and now trading at 84p. High debt but stuffed with freehold assets and has recently done a deal to sell half the brewing company to Carlsberg at an attractive price. Of course, its trading was knackered by the Covid lockdown and I doubt that this management are the ones to make it motor now the pubs are open again, but the assets will be the attraction. Many of the big pubco's have been taken over recently (Ei Group - formerly Enterprise Inns - Greene King etc) and this must be on someone's radar.
jeffian
Chat Pages: 399  398  397  396  395  394  393  392  391  390  389  388  Older

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