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
  -0.20 -0.1% 197.85 197.60 197.80 199.55 196.45 197.40 5,613,145 16:29:59
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food & Drug Retailers 17,735.0 320.0 10.3 19.1 4,733

Morrison (wm) Supermarkets Share Discussion Threads

Showing 9976 to 9998 of 10375 messages
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DateSubjectAuthorDiscuss
16/3/2018
10:13
Do you want a safe investment with steady earnings in a business that has seen rapid change with the arrival of discounters, or one that is cyclical in nature and vulnerable to an economic slowdown, it does go without saying that in a downturn there are few companies that escape except to a degree food and pharma!
bookbroker
16/3/2018
09:47
So many short sighted people on here. Under £2.02 is a cert.
oakville
16/3/2018
08:07
The market is so bloody short-sighted, MRW has turned around under DP., ok so there is more to be done and the pressure will not let up, but they have repaired the balance sheet, as understood by the added dividend, testing all sorts of new things, even opening three new stores, the number of retail casualties suggest supermarkets deserve a higher rating, irrespective of the competition. With this one you are getting the best of British, for all that seems to matter, I think shareholders will be further rewarded in time, and I think there ought to be consolidation at some point, a tie up with Sainsbury’s would be a good demographic fit, big not always best but better able to leverage the scale!
bookbroker
16/3/2018
06:34
You are the idiot???
gswredland
16/3/2018
06:20
Heading to an a 18 month low share price but I am the idiot ! Interesting?
oakville
15/3/2018
23:21
Mrw did have convenience stores but in rubbish locations consequently would never be profitable. I believe they are now rolling out a lower risk lower cost strategy through shops at petrol stations following Tesco and marks and spencer. Much more sensible
boll
15/3/2018
13:10
Hang on, MRW did have convenience, it was a complete failure, McColls is convenience, they do not want to go down that route again, blew a lot of capital in writedowns, they are better to focus on their strengths, no other supermarket has food as fresh, maybe Booths in meat and fish, the others are awful for those two items!
bookbroker
15/3/2018
12:24
"Most notably, Morrison lacks a convenience footprint of any scale and its online offering relies on a partnership with Ocado." Why would Morrisons want to incur the capex, overheads and operational logistics of a convenience footprint when it is easier and more profitable to be a wholesaler? The tie-up with McColls means that McColls shoulder all the risks associated with a retailer (convenience stores), while all that Morrisons does is supply the goods. As for on-line, the combination of Ocado and Amazon is surely unbeatable? Provided the partners are ambitious and hungry for more, it is cheaper to join forces than do-it-yourself. Particularly with on-line where other supermarkets have realised that home delivery doesn't pay but has to be offered because everyone else is. Seemingly one reason for the market scepticism regarding growth enthusiasm/sustainability is that despite increase in turnover the bulk of the profit in the these results reflects reduction in interest payment. Whether M or any business for that matter should be expected to demonstrate increase in profitability from top line growth in isolation is a moot point. Profit margins are not income-oriented alone, but also expenditure dependent. I'd agree that there is a limit to how far costs can be cut/reduced and that without increase in turnover all that remains is a lean-machine not going anywhere, but that's not happening. And no reason to think otherwise. As for 'Brexit', most food sellers (shops, supermarkets, restaurants) are complaining about inflation-busting increases in the cost of imported foods. Morrisons emphasis on 100% UK production and sourcing will hold it it good stead. I don't think the share price will respond to what is clearly obvious business sense (obvious to the experienced, that is) whilst there are so many other factors (nothing to do with M0 influencing the market as a whole. Bearing in mind that most analysts and ilk are youngsters, the fear is rising interest rates and the uncertainly post-Brexit. Analysts are influential so have a responsibility to be cool calm and objective: mostly they're not and often they really haven't a clue! I think investors are fearful that sometime soon the market is going to take a tumble so they are are preparing for the likelihood.
trcml
15/3/2018
11:11
"CEO David Potts' plans for Morrison make perfect sense; focus on the consumer, reinvest in pricing and improve the stores' appeal. We're impressed with progress so far. Customers are coming back and like-for-like sales are firmly back in positive territory. However, this is far from the end of the journey. Potts has a vision of a 'new Morrisons', which includes several capital-light wholesale agreements. Deals have been signed to roll out convenience stores on petrol forecourts in partnership with Rontec, supply Amazon Fresh with groceries and revive the Safeway brand through a deal with McColl's. The group is targeting annual wholesale sales in excess of £700m by the end of 2018, and more than £1bn in due course. Profits should be in the £75-£125m region. With the majority of stores owned rather than leased, the group already has strong cash flows, which help support the dividend. The shares currently offer a prospective yield of 3%, and analysts expect the payout to rise over the coming years. However, potential investors should remember that there are still a few weak spots in the business. Most notably, Morrison lacks a convenience footprint of any scale and its online offering relies on a partnership with Ocado. Furthermore, conditions in the sector are not supportive. An increasingly price-sensitive customer has led to fierce competition, squeezing margins across the board. Inflation is still above wage growth too, but there's at least now signs this may reverse. Nonetheless, we feel David Potts is steering the ship in the right direction. A focus on value and service is clearly appealing to customers and a healthy balance sheet gives the company room for manoeuvre."
chinese investor
15/3/2018
10:56
Oakville you are a fanny merchant, this company could easily deploy that special dividend each year, and maybe a buyback, the growth trajectory of Aldi and Lidl will last two more years at most, I think people will pay for a little variety and quality. And Best of British, come Brexit the vertically integrated model will be even more important. Debt fell considerably last year even with £500mln capex!
bookbroker
15/3/2018
10:52
Debts, they have never been under such control, maybe you should look at WPP., rapidly changing business integrated advertising, massive intangibles, few real assets, and a very large debt to service, looking like TSCO four years ago! MRW, strong assets, deals with OCDO and Amazon, vertically integrated model will play to strengths particularly for quality. If Amazon really wanted to move on the UK food retailing sector this would be the company that would most complement Whole Foods!
bookbroker
15/3/2018
10:19
A paired trade with Tesco last year had over a +60p gap at various points - now TSCO higher!
scotches
15/3/2018
10:05
The Final Results weren't that bad !
chinese investor
15/3/2018
08:09
Anything over £2 is expensive with their debts. The insight shown on here never fails to amaze me.
nigelpm
15/3/2018
04:56
Anything over £2 is expensive with their debts.
oakville
15/3/2018
03:55
Not sure where you obtain the falling market share Finkie, this company was actually increasing market share at the last Kantor figures, but it is the offering one should take into account. MRW is actually competing very well with the likes of Aldi and Lidl, I use them because that is really where their main threats lie, but it is the vertically integrated format that is now the real benefit to this business over and above the others for quality, efficiency and cost. DP. has achieved a lot here, and he knows there is still more he can do, I’m sure at some point you will see consolidation in this sector, I could see these joining up with Sainbury’s, seems unfathomable, but that would only put them on a level with Tesco, it is where the overlap with stores would be, and they would have to let some go possibly, but debt is well down, and you will see either more special dividends or buybacks here in future! The market was harsh here y’day on the basis it expected more in the dividend or likewise, and if we are seeing a downturn in the general market in future this sector has always come to the fore!
bookbroker
14/3/2018
21:35
It’s still too expensive pe is 17 with perceived falling market share, it’s safe but not a winner in the portfolio for anyone at these prices...
finkie
14/3/2018
13:40
I don't understand why the share price of MRW is going so much today. But I am quite sure it is good time to buy some.So, I bought few thousand shares this morning to try my luck.
kcsham
14/3/2018
12:36
"Ongoing strong free cash flow expected. We will retain a strong and flexible balance sheet, and review uses of that free cash flow each year " they might consider buyback of shares and holding in treasury until after shorts close...
nerdlinger
14/3/2018
11:11
get the debt down pension surplus jam tomorrow! 8.43p for final and special div in case not wearing specs
muffinhead
14/3/2018
11:02
"Net debt reduced by GBP221m to GBP973m, below our GBP1bn year-end target." We don't live forever - instead of jam tomorrow give cash back to the owners now is fine by me.
scotches
14/3/2018
10:57
Should have used the money to reduce the debt !
chinese investor
14/3/2018
09:29
The Times Tempus predicted in November a special divi (see post 1576). "With a cash profile like this, it cannot be too long before Morrisons starts thinking about rewarding shareholders with some sort of cash return, including potentially a special dividend or a share buyback." That's a useful extra bit of pain for the short positions.
scotches
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