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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
  4.45 2.45% 186.00 186.35 186.55 187.15 182.30 182.75 9,146,142 16:35:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food & Drug Retailers 17,536.0 435.0 14.6 12.7 4,450

Morrison (wm) Supermarkets Share Discussion Threads

Showing 10376 to 10399 of 10550 messages
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DateSubjectAuthorDiscuss
09/1/2020
12:12
hTTps://www.esmmagazine.com/retail/morrisons-trading-update-analysts-said-85835 (LOGIN REQUIRED) Here's how leading retail analysts viewed the retailer's performance: Nigel Frith, www.asktraders.com "Investors hoping for a Christmas bounce for Morrisons over the Christmas period will be disappointed. Group sales at WM Morrisons were down 1.7% in 22 weeks to 5 January. After Aldi reported weaker growth than usual over the Christmas period on Monday, hopes were running pretty low for Morrisons, the first of the Big Four supermarkets to report on the crucial Christmas period. "This December was always going to be a more challenging time given the politically uncertain landscape running up to the elections on 12th December. However, hopes that customers would flock to the store after a decisive win from the Conservatives didn’t materialise. "Despite items in Morrisons own Christmas Basket being cheaper than last year, any sense of improved optimism following the clearer political picture has failed to show itself in the numbers yet. The bottom line is consumer confidence is still low; until there is a complete resolution to Brexit consumers will keep spending cautiously." Thomas Brereton, GlobalData "Morrisons will find some solace in the fact it was facing a laudable comparative period after a strong performance last year, a grocery market with near-zero inflation, and facing the same politically-related adversity faced by all retailers at the end of 2019. However, retail l-f-l sales fell worryingly far over the 22-week period, and with a Q3 fall of -1.1%, suggests an unsettling fall of c-2.6% over the core 9-week Christmas period. "Thus, even with the aforementioned explanations for a trying trading period, Morrisons may be left scratching its head as to why it now appears a grocery laggard after spending much of 2018 and the first half of 2019 as a leader. "But in conclusion, Morrisons does not need to overhaul its strategy, management or product ranges. Its focus on expanding its online presence (through Amazon as well as in-house operations) remains the correct strategy, and – coupled with growing wholesale partnerships and savvy store estate management – stands Morrisons is good stead for 2020. Instead, as rightfully stated by CEO Dave Potts, Morrisons should see this disheartening period as an opportunity to 'take some learnings into the New Year' and move with momentum into 2020.'' Russ Mould, AJ Bell “The slogan might need to be updated from ‘Morrisons makes it’ to ‘Morrisons makes it by the skin of its teeth’ after today’s trading missive from the supermarket and wholesale food group. “Despite falling festive sales the company is spared a negative market reaction as worse was pencilled in. The shares had already fallen as investors became nervous ahead of the announcement. Chief executive David Potts promises a ‘strong plan’ for the coming financial year. “Drawing like-for-like comparison with last year’s showing is made more difficult as this update covers a 22-week period and its counterpart 12 months ago covered just five weeks, which seems an unnecessary complication. “It does not seem too cynical to assume it is designed to draw a veil over deterioration in trading conditions in recent weeks. Tight control of costs at least means profit expectations for the full year are unchanged. “The release is a reminder of pressures on the groceries sector which faces a combination of cut throat competition, a challenging consumer backdrop and the increasing shift to ordering the weekly shop online." Clive Black, Shore Capital "Morrison records ‘challenging trading conditions and continued uncertainty amongst consumers’ in its statement to the market. In this respect, we repeat our observation of a UK grocery market that ran 1-2% below our expectations of the summer and one that became much more promotional embracing extensive discount events, wine and fuel vouchers. "Morrison, in this respect, was quite cautious and we expect trading tactics to form part of the learnings management is currently reflecting upon. "Additionally, and perhaps more optimistically, we shall keep an eye on forthcoming UK Government policy formation around household incomes and whether or not consumer confidence improves as a potential source of rising industry activity at a tidal level in CY2020." Richard Lim, Retail Economics “Festive cheer was not shared with the retailer as shrinking sales demonstrate the fiercely competitive food sector. “These figures suggest Morrisons was outmanoeuvred by its competitors. Shoppers remained fixated on searching for the best value and highly price-sensitive against the backdrop of ongoing uncertainty. “Despite the pressure on margins, the industry remained stuck in a spiral of continual discounting with the depth and breadth of promotions snowballing in the run-up to Christmas. Nevertheless, a firm grip on costs offset some of the decline in sales to deliver profitability in line with previous expectations.” Bruno Monteyne, Bernstein "Morrisons' -1.1% in Q3 and -1.7% in H2 to date was a +50bps and +30bps beat to consensus respectively. The positive message from this would be that Kantar underreported Morrisons growth by about 50 bps; if that is reflected across the other retailers, that should be positive news for the UK food retailers and suggests more beats may be under way (SBRY on Wednesday, TSCO on Thursday). Management called out the tough trading conditions and continued consumer uncertainty."
scotches
08/1/2020
19:43
Problem is the market keeps getting tougher. Might be worth a look around 1.80?.
essentialinvestor
08/1/2020
19:42
Now trading below book price/NAV
justiceforthemany
07/1/2020
13:16
Morrisons is to trial its Morrisons Daily fascia at a further 20 McColl’s convenience stores over January and February. The move comes after it began a trial in February last year at 10 McColl’s stores in the North West, which also saw the stores sell Morrisons' own-label products.
loganair
07/1/2020
11:34
Well to be fair the update paints a picture of brutally tough trading conditions. Unless there's a bid, difficult to be that optimistic.
essentialinvestor
07/1/2020
08:12
lol yesterday market didn't like weekend scribblers and today when company confirms says "whatever"
muffinhead
06/1/2020
15:14
The last Kantar update in early December gave Aldi/Lidl a combined market share of 14.1% which was up from 12.7% a year earlier. This means during 2019 Aldi/Lidl increased their market share by 1.4%.
loganair
06/1/2020
13:37
Results tmmw I see interesting reaction today
linton5
06/1/2020
11:49
Grocery pageant week hTtps://www.kantarworldpanel.com/en/grocery-market-share/great-britain/snapshot/01.12.19/
muffinhead
06/1/2020
11:47
Proactive @proactive_UK ยท 49m Morrison's on the back foot ahead of Christmas trading update as Bank of America downgrades to ‘underperform’ The FTSE 100 grocer is expected by some analysts to see the biggest decline in Christmas sales among the 'big four' when it updates the market on Tuesday ‘Big four’ grocer WM Morrison Supermarkets PLC (LON:MRW) is on the back foot ahead of its festive trading update on Tuesday after Bank of America (BoA) Merrill Lynch on Monday downgraded the company to ‘underperform’ from ‘neutral’; and cut its price target to 185p from 195p. The move quickly sent shares in the FTSE 100 supermarket down 3.4% to 192.3p in mid-morning trading, continuing the firm’s overall share price decline across 2019.
cheshire man
06/1/2020
11:40
Like for Like experts adopting brace position for tomorrows trading update hTtps://www.thetimes.co.uk/edition/business/christmas-fails-to-light-up-supermarkets-vjsrhkjwt Morrisons is expected to be the biggest loser, with analysts at Barclays forecasting that, excluding its wholesale business, like-for-like sales will have fallen by 2.5% over the festive period. The City also expects Tesco and Sainsbury’s to report declines in sales, albeit more modest. “I don’t think there will be any great disasters, but people won’t exactly be popping champagne corks,” one senior supermarket source said. “The volume of sales has been buoyant but that hasn’t translated into value because the price competition has been so intense.” Aldi and Lidl reduced prices on bags of festive vegetables to just 15p to lure shoppers through their doors in the run-up to Christmas. Over the past decade, the expansion of the discounters squeezed the big four supermarkets’ profitability by about 40%. Aldi and Lidl are still opening about 100 stores a year between them. Under chief executive David Potts, Morrisons grew like-for-like sales for three consecutive years by cutting prices, renovating stores and investing more in to its own-brand groceries, but that steady recovery ran out of steam last year in the face of intensifying competition.
muffinhead
03/1/2020
09:43
what is the toonarmy doing at morrisons
astorcourt
03/1/2020
09:24
Albert you got to be on amazon prime to find that out. :):)
thetoonarmy2
02/1/2020
10:15
When will amazon show its hand
albert3591
20/12/2019
16:42
Maximise potential of existing assets and avoid shelling out cash has been the mantra of Potts/Strain operation. Favourable write up in Grocer for an example of using cafe space. hTTps://www.thegrocer.co.uk/christmas/review-the-grocer-ate-christmas-dinner-in-morrisons-heres-what-we-thought/600560.article "We had our office Christmas party in Morrisons and it was surprisingly great..."
scotches
17/12/2019
15:48
Asda triggers search for new finance chief as IPO plans ramp up. Asda has reportedly engaged a corporate headhunter to find a new finance chief to spearhead a float of the Walmart-owned supermarket chain. Divesting Asda would allow Walmart to channel its energies on emerging markets such as India where it now has a controlling interest in online retailer Flipkart.
loganair
16/12/2019
10:39
gbh2 Total opposite to the Morrisons I visit then,,,,,well stocked, great prices and excellent staffing not to mention great quality meat :-) no offence to the veggies and vegans of course
cheshire man
16/12/2019
10:23
never knew turkeys needed a passport hTtps://twitter.com/Morrisons/status/1206514043759935488/photo/1
muffinhead
12/12/2019
10:15
cheers scotches. To think that a disgruntled employee's actions could cost Morrisons shareholders £50m. Shocking behaviour.
nick rubens
12/12/2019
09:08
The Supreme Court judgement will be in the New Year. At post 2027 the speculation was a possible payment of £500 per head could lead to a 50m payment when multiplied by 100,000 employees. The claimants lawyer did indicate he didn't want to "bankrupt" Morrisons. ‘What we cannot do is look to bankrupt Morrisons by this, but we are seeking compensation on an individual level which …compared to a commercial case will be modest.’ hTTps://www.lawgazette.co.uk/news/morrisons-will-face-big-number-over-data-breach/5102095.article Although not ideal the market doesn't really consider one-off hits as being of particular long term significance to a business.
scotches
11/12/2019
20:43
What about the impact on the data breach lawsuit? Any ideas how much it could cost should they lose the appeal? Cheers NR I personally feel the rogue employee should be liable but law can be a strange thing.
nick rubens
11/12/2019
14:02
If our supposed flagship Morrisons store is anything to go by, Checkout staff have been reduced to a minimum, as has the choice of goods on the shelves, most reduced to holding just Morrison's brand items! Luckily we have a M&S Food near by with loads of choice at a decent price and staffed checkouts.
gbh2
11/12/2019
10:26
Schroders plc ...Increasing I see, about time MRW bid for MCLS
cheshire man
11/12/2019
10:16
Aldi, Lidl & Co-op continue to take market share from big 4, per figures out this week: Source : Kantar Tesco was the best performing of the largest grocers over the past 12 weeks though it’s too early to say whether the newly launched Clubcard Plus subscription scheme has had an impact, as sales fell by 0.8%. Sales at Sainsbury’s fell by 1.1% and at Asda by 1.9%, resulting in market shares of 15.7% and 14.6% respectively. Morrisons’ share of grocery sales dropped back 0.4 percentage points to 10.1% as sales declined by 2.9%
mortimer7
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