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 Shares Traded Last Trade
  3.00 1.13% 267.60 18,317,454 16:35:02
Bid Price Offer Price High Price Low Price Open Price
267.70 267.90 268.60 263.10 264.30
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food & Drug Retailers 17,598.00 165.00 3.99 67.1 6,449
Last Trade Time Trade Type Trade Size Trade Price Currency
18:16:50 O 13,420 266.342 GBX

Morrison (wm) Supermarkets (MRW) Latest News (27)

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Morrison (wm) Supermarkets Daily Update: Morrison (wm) Supermarkets Plc is listed in the Food & Drug Retailers sector of the London Stock Exchange with ticker MRW. The last closing price for Morrison (wm) Supermarkets was 264.60p.
Morrison (wm) Supermarkets Plc has a 4 week average price of 238.90p and a 12 week average price of 174.25p.
The 1 year high share price is 269.20p while the 1 year low share price is currently 161.30p.
There are currently 2,409,759,748 shares in issue and the average daily traded volume is 11,522,451 shares. The market capitalisation of Morrison (wm) Supermarkets Plc is £6,448,517,085.65.
philanderer: Morrisons bid is '£1.23bn too low' Supermarket giant Morrisons is worth £7.6billion and the board should have held out for more cash, according to analysts. It accepted a 252p a share offer from US buyout giant Fortress this month that valued it at £6.3billion. But the Canaccord Genuity report puts a 314p-a-share, or £7.6billion, price tag on Morrisons – fuelling concerns that the board caved in too early. With rival suitors circling - including private equity firm Clayton, Dubilier & Rice which had a 230p a share bid rejected last month – a higher offer could materialise. Shares closed at 263.1p yesterday. Graham Simpson, at Canaccord Genuity, said: 'The fact that the share price is above the 252p recommended offer tells us the market also expects a higher offer. The uncomfortable question for Morrison management is 'Why did they accept 252p?' The proposed takeover has sparked a political backlash and Business Secretary Kwasi Kwarteng meets Morrisons boss David Potts tomorrow to discuss it.
chinese investor: Amazon could yet make a takeover bid for Morrisons according to analysts as a potential bidding war for the grocer heats up. Despite accepting a takeover offer, the deal still needs to be approved by shareholders who may well shun the firm if a better offer is made. Many have pointed to Amazon, which significantly expanded its partnership with Morrisons last August and now sells its entire range on its platform. “Amazon’s UK supply chain has become inexorably linked to Morrisons during the pandemic,” ParcelHero’s head of consumer research David Jinks said. “Not only does it source Amazon Fresh online orders, Morrisons also stocks Amazon’s three, pioneering, till-free Amazon Fresh stores in London. Morrisons’ Amazon deliveries are now available in around 50 towns and cities across the UK. The tie-up has become so successful that it now accounts for over 10 per cent of all sales at participating stores.” Jinks believes a third-party takeover could be bad news for Amazon, which is perfectly positions to utilise Morrisons store estate and established supply chain to help it break into the UK grocery market, an ambition it has been investing in significantly this year. “Fortress̵7; offer of 254p per share now looks a little low, with the stock price reaching a high of 268p recently,” he added. “Who has the money to top this offer? Amazon is known to have a bulging war chest. Incomer Andy Jassy has worked hand-in-glove with his former boss, Jeff Bezos, and is known to fully support Amazon’s philosophy that you must speculate to accumulate. Some analysts are saying bidding could go as high as 280p per share, a price well within Amazon’s reach.” Interactive investor Richard Hunter believes it is “perfectly feasible” that other bids could still be made and that Amazon could yet “emerge from left field as a surprise last minute entrant”. “UK supermarkets in general are cash generating engines, whose share price gains have been capped by the costs of the pandemic, despite increased sales, making them more attractive on valuation metrics,” he added. “In addition, Morrisons largely owns its freehold estate, adding another sweetener to any potential purchase.” Edge by Ascential’s retail analyst Chris Elliott meanwhile believes Morrisons could be too small for Amazon to consider taking over, suggesting it could instead favour Sainbsury’s. “Amazon and Morrisons have had a partnership since 2016 and there has always been speculation that Amazon would bid for the supermarket to significantly expand its grocery offering. “However, more than five years later its has yet to submit an offer and with a bidding war on the horizon, it seems unlikely it will choose this moment to strike. “However, if Amazon is looking to enter the market its option are running short, with Asda sold last year and Tesco’s huge valuation. It may then feel the pressure to bid but given its acquisition of Whole Foods in the US, it may be looking for a more premium retailer and while it could be tricky, Sainsbury’s is arguably now its best option if it wants to enter the market via a takeover.”
nerdlinger: The Form 8.5 disclosures from vampire squid on the face of humanity Goldman Sachs on behalf of CD&R are intriguing, it's like a glimpse behind the curtains of share price manipulation (AKA market-making...) but I don't really know what I'm looking at. 22nd June is especially confusing, the price on the day didn't move much, maybe they kept a lid on it, and they claim to have traded more than 5 times the 20,307,425 volume on the LSE that day: htTps:// On top of that JP Morgan did a bit more jiggery pokery for CD&R on the same day, Purchase 13,335,143 Sale 3,241,049. Can anyone with more insight read anything more interesting into these 8.5s?
nhs buyer: This PE bid will not be accepted, is bad for all concerned, it wont be accepted because they are not adding any value, sure they will sell the stores, petrol stations etc and force MRW to lease them back, taking out the money for themselves. MRW can do that tomorrow if they wished so unless they come up with a way to add value, it will not be accepted. L&G a major shareholder / very influential has already expressed major concerns, not against a T/O but this particular T/O., they say the intrinsic value of MRW assets is around £3 so either the bid has to get close to that to force their hand, OR another bidder comes in with a different approach rather than stripping it down and milking MRW dry, then selling off what's left in 5 years, anyone can do that even the current board.
scotches: A quick look at the hi-lo yearly chart shows why 230p may not be particularly exciting to long term holders who might easily have secured their shares at such a level or higher. Top Shareholders: hTTps:// That prices 170-180p were glaringly low was highlighted by the SBRY sprint away from mkt-cap similarity with MRW. There was no particular trading reason why SBRY should have opened up a 1 billion+ gap when MRW trading had been at least as good. Moreover why was value investor Silchester still adding to its already large position. There were months of opportunities to stock up at the lows while these possible bull points existed. 2020 203.70 157.55 2019 239.35 175.15 2018 270.50 203.30 2017 254.40 205.00 2016 230.82 144.40 2015 214.80 138.60 2014 262.50 150.60 2013 312.30 247.50 2012 339.70 255.20 2011 326.20 261.70 2010 307.10 255.00 2009 298.40 233.50 2008 324.25 210.75 2007 345.97 243.75 2006 275.00 183.25 2005 224.00 158.25 2004 259.81 169.88 2003 233.95 140.00
goldpiguk: Hi, As a long term holder of MRW shares I am pleased to see the real value of the company starting to be reflected, with todays share price reaction to a potential bid. The rapid growth of Aldi/Lidl in the UK has kept UK supermarket shares depressed for the last few years - and MRW shares in particular have languished. Given the share price is currently above the initial offer price, the market is confident higher bids will now emerge. I agree. A takeover by Amazon might well be the best outcome for customers and employees and with Amazon moving into the physical retail market in the UK, MRW would be a natural addition to its portfolio. Below is a link to the companies Amazon has acquired. As a customer I would much prefer to see MRW taken over by Amazon, rather than by a private equity firm. Goldpig
philanderer: So, this morning’s share price surge suggests the City expects either a higher bid from Clayton, Dubilier & Rice, or another suiter, Mould concludes: “This is not to say Morrisons is a slam-dunk. But you can see the value case for the shares and that must be the key attraction for CD&R. The issue now is how the big shareholders respond and whether they – and the Morrisons board – feel they can squeeze out a higher bid or feel sufficiently confident in Morrisons’ strategy and long-term competitive position to spurn the offer altogether. “The shares traded at 235p early on Monday which is higher than that 230p proposal from CD&R. The market therefore seems confident that the suitor will have to raise its offer price or someone else might step into the game and we’ll see a bidding war. “Amazon has long been touted as a potential buyer for Morrisons to help give it a much stronger foothold in the UK grocery markets so that’s an obvious name to watch.” HTTPS://
chinese investor: U.S. buyout group Clayton, Dubilier & Rice LLC has chosen a soft target in approaching Wm Morrison Supermarkets Plc with a 5.5 billion pound ($7.6 billion) takeover proposal. The U.K. grocer says the price is too low. But its defences are weak and it could have a fight on its hands to stay independent. The only surprise about CD&R’s 230 pence per share approach is that it has taken so long for a bidder to emerge. Pandemic shopping habits combined with lack luster share price performances have made grocers alluring buys. Morrison is the smallest of Britain’s so-called big four supermarkets and has all the ingredients to be an attractive private-equity target. There’s almost 5.8 billion pounds of freehold property on Morrison’s books, compared with a market capitalization of 4.3 billion pounds on Friday. The share price has underperformed the FTSE All Share Index over the past two years, even amid a turnaround under Chief Executive Officer David Potts. Management has been criticized for receiving high pay despite the poor shareholder returns. The premium being dangled is 29% above the shares’ last close (which was also roughly their three-month average price) and shareholders would keep a 5 pence dividend. That’s not an offensive offer, but it’s a long way from a knockout. A sweetened proposal with a juicier premium would put the board under real pressure. CD&R won’t want to go hostile, but shareholders could demand that Chairman Andrew Higginson engage. Given Morrison’s large freehold estate — which accounts for more than 80% of the supermarket’s stores and distribution centres — the traditional defence against a takeover would involve selling off property to raise cash. A mini breakup, disposing of the group’s food manufacturing arm, is the other obvious tactic. Shareholders would get a big windfall from the proceeds and be left with a leaner grocer. Although a private equity bidder may feel comfortable with such strategies, they probably wouldn’t work for Morrison as a public company. The history of U.K. retail is littered with such sale-and-leaseback deals that have saddled companies with long rental commitments and too much debt. Morrison already has net borrowings of 1.8 billion pounds excluding leases. And exiting manufacturing could undermine the company’s pricing strategy: Making its own quiches and filleting its own fish helps keep costs low — and value is central to its market positioning. Shareholders may also be sceptical of any renewed promises by management to improve trading. Although German discount grocers Aldi and Lidl were hurt by the pandemic — as consumers switched back to big weekly shops in traditional supermarkets — they are gaining traction once more. The more realistic course for the board would be to fight for a high-priced deal rather than no deal. That means preparing a list of alternative buyers who could get an auction going. Morrison shares closed as high as 269 pence in August 2018. An offer at 250 to 300 pence — at least a 40% premium — would be tempting. At that level, a deal would cost at least 7.8 billion pounds including assumed net debt (but excluding leases), or 7 times this year’s expected 1.1 billion pounds of Ebitda. A deal with CD&R might simply look too cozy. Terry Leahy, the former chief executive officer of Tesco Plc, is a senior adviser to the firm. Higginson is Tesco’s former finance director, and Potts was the director responsible for Tesco’s stores. Last year, two of Morrison’s non-executive directors quit on concerns about the closeness of Higginson to Potts.
scotches: hTTps:// Shouldn't a master investor know that MRW is no longer in the FTSE 100 and it could be a while before returning on current share price performance. Automatic entry is currently at a level of 5.7 billion. MRW (4.2b) would have to rise to about £2.37 on that basis. Otherwise re-entry will require others to be relegated and if the market is generally rising that could make the task harder. hTTp:// The AGM should comment on the miserable share price performance. What is holding back the shares and how come SBRY is now touching 6 billion when MRW was higher cap back in September. There might even be a case for share buybacks at current share price if it wasn't for all the debt which will have to be eliminated first.
scotches: hTTps:// 5 years ago Schroders wrote up the "value" investment case for MRW and it catalogues a lot of the reasons why shareholders choose to still be invested. The article mentions a market cap of 6.7bn whereas today it's 4.3 so the "value" not yet perceived by the market. There is also another estimate for the food manufacturing as at 2016 = £700m. It was Schroders knocked the share price in late Jan when they ditched almost 5% of the company (113m shares, half their holding). Top holders: Today's RNS is for just 2m shares (if the FT figure of 4.9% is correct), albeit they are getting them back a little lower than Jan.
Morrison (wm) Supermarkets share price data is direct from the London Stock Exchange
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