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
  0.20 0.11% 182.90 7,577,595 16:35:25
Bid Price Offer Price High Price Low Price Open Price
182.85 182.95 183.45 181.05 182.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food & Drug Retailers 17,598.00 165.00 3.99 45.8 4,407
Last Trade Time Trade Type Trade Size Trade Price Currency
18:45:04 O 36,964 182.927 GBX

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Date Time Title Posts
09/4/202109:36Morrisons: David Potts to lead revival2,703
26/1/202103:40 Morrisons see queues over payments only!-
08/5/201913:21Morrisons Q1 Preview 09.05.19-
12/3/201913:40Morrisons FY Results 13.03.19 Preview-
12/3/201913:39Morrisons - Duelling Dalton6,560

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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 182.70p.
Morrison (wm) Supermarkets Plc has a 4 week average price of 170.85p and a 12 week average price of 168.80p.
The 1 year high share price is 200.10p while the 1 year low share price is currently 161.30p.
There are currently 2,409,693,198 shares in issue and the average daily traded volume is 7,286,321 shares. The market capitalisation of Morrison (wm) Supermarkets Plc is £4,407,328,859.14.
ygor705: I don't know if anybody noticed but late trading on Friday (shown mostly as sells) produced the highest volume of 1 day trading in MRW for at least 3years. Meanwhile the share price goes up to the accompaniment of heavy selling. An RNS should be out this week but one does wonder if something is going on here.
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.
justiceforthemany: NAV/book price = 188p If they can get rid of all the extra Covid staff (waste of money, usually stood around idly chatting) that has cost the company tens of millions we could see EPS return to around 14p which would leave the shares on a P/E around 12 which is low, with a solid balance sheet, share price below NAV, decent dividend and with M&A potential. I would be looking to buy en masse if this falls towards 160p/150p.
essentialinvestor: What price was Morrisons trading at when David was appointed, what is the current share price? - value destruction not value creation imo.
m_kerr: anyone else thinking private equity will be having a very close look? it seems almost certain to me. either that or amazon who could use the near 500 stores as local distribution points for their main business, with free grocery delivery tagged on to their prime offering. morrisons have a freehold portfolio worth almost £5.8bn, and there is huge investor demand for those assets which has only increased during the pandemic, so it's quite possible that it could be worth higher than that on the open market. the freeholds back up 84% of the current enterprise value which includes all debt and future lease liabilities. and amazingly 140% of the current market cap. even if there is no takeover, the shares are delivering a relatively secure 4% dividend. i consider this much less likely than a PE takeover, but they could also spin off some of those freeholds into a reit, targeting yield investors. either way there are plenty of options and potential catalysts to getting the share price to a significant premium to where it is now.
scotches: The Russell Committee who deal with Index changes have highlighted Pennon for FTSE100 demotion and Weir Group for promotion. The actual decision takes place in early March. hTTps:// hTTp:// MRW is clinging on in 110th place, just one slot above automatic demotion. If MRW get the "boot" then the beneficiary could be "Dr. Martens" (DOCS) the recent IPO which has soared in value over the last month. Over on that board it is being remarked that the stock is "...the Tesla of the boot business" with many posters unconvinced by the surge.
scotches: Times article indicates that Iceland stores have refused to pay their rates bill and will retain the cash much of which was spent on buying out a foreign shareholder. The article also confirms that the Co-op, Waitrose and M&S will not return the rates cash. (Neither did MRW partner McColls). The boss of Iceland has claimed the frozen foods retailer cannot afford to pay back business rates relief after the heavy costs of making shops safe and buying out its foreign shareholder. MRW did return the rates cash which will be reflected in next month's profit dive. hTTps:// "Richard Walker, 40, managing director of Iceland and son of Malcolm Walker, 75, the supermarket’s founder, has defended the grocer’s decision to keep £40 million of taxpayer support by arguing that it helped meet the “very substantial direct costs” of making shops Covid-secure, hiring 6,000 new workers to expand its delivery service and giving staff sick pay. The same argument was employed by rival supermarkets before they bowed to intense criticism that they were “lockdown winners”. Grocers including Tesco, Sainsbury’s, Asda, Morrisons, Lidl and Aldi have handed back £1.8 billion of business rates relief which the government made available last March to help the high street through the Covid-19 turmoil. Waitrose, Co-op and M&S have also refused to hand back rates relief. "
scotches: The opportunistic $20B bid for Carrefour by a Quebec group has prompted the French government to intervene with regard to the potential risk to French security of food supply "What is at stake is the food sovereignty of the French people". The bidders are Couche-Tard a 9000 location convenience and petrol forecourt operator and from the same line of business as the new owners of Asda. There was a tiny glimmer of reaction on Wednesday in the MRW and SBRY share price as investors indicated a potential read across to UK groups as possible targets. MRW was last mooted as a takeover target in September 2019. A large freehold estate, a multi location food manufacturing and wholesale division, pension surplus and a relatively small asking price might prompt a private equity bid.
scotches: The share price is now 60p lower than TSCO. It was 60p the other way in 2017. The share price was 206p when Potts took control in March 2015.
scotches: Can anyone explain the trading action of the Pelham Long/Short Master Fund which appears in the Shortracker listings hTTps:// Between November 2013 and March 2014 this firm built up a short position of 1.25% of MRW at prices about 240-250. For six years this short position was stuck on 1.25% without any further disclosures. There was no attempt to close the position at the 140p level in late 2015 or no extension to the position in 2018 when the price had gone back up to the 250 level. However what had looked like a possible listing error suddenly sprung to life in the last couple of weeks on April 16 and 17 when the short was increased to 1.51%. (Each 1% is about 23m shares). While Pelham are still doing well in that the current share price is some 60p below their average sell price from 2013-14 they will have to cover that exact same amount of dividends during that period for a net zero profit position if no further falls in the share price I would have thought shorters either traded out their gains or they stick with a company they believe is sure to fail completely eg Carillion, Debs etc. In the latter cases these companies were drowning in debt whereas MRW has a fairly robust financial position.
Morrison (wm) Supermarkets share price data is direct from the London Stock Exchange
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