Not the most exciting share, but with safeway conversion now complete (and how much better the old safeway stores are now) the shares should start to come back. Already started a nice rise from a recent low. Costs for conversions will still hold the price back but when that is out of the way, should be be nice. 190p

Ken Morrison at the most recent agm called the Chief exec's strategy 'Bull shit' and the most recent results 'disastrous'.

Where do I start? They are a store stuck in the 80's with store format and forward management thinking. Full of yellow balloons and yellow stickers and price cuts on items not no1 on the shopping list. (Forced into major price cuts now with Germany calling).Always going to be playing catch up with Tesco and Sainsbury ie Slow on small store purchases and internet shopping and a food delivery service. Again the same as Tesco, the management just sat and watched Lidl and Aldi. They were criticised that what they put in their Northern stores and tried to copy South did not work. Northerners tastes are not the same all round as Southerners and visa versa.


In my opinion - On purchasing Somerfield stores ruined them.

I went to a so called butcher not so long ago in our nearest Morrisons and he did not know the difference between silver side beef and topside. Bucher my arse. lol

And at the end of the day, why are they losing ground the fastest to any rival ?, may just be some of the points above.

ps - toiletries are VERY EXPENSIVE.

With a chart looking very sick like this my thinking must be of the majority of shoppers . Not a lot going for them sadly . Otherwise why has the share price crashed South ?


The German stores will rip (R.I.P Morrisons)them to shreds on price cuts as their overheads are so much lower ie store space in sq mtrs , staff overheads, less staff per store and store suppliers and far less management. They are going down the wrong road, watch for the next figures.




Why do stores just stagnate in the past and not prepared to change or update until they come under question from shareholders etc. Same as Marks just watching next creep up on them and leave them for dust.

dream I have always had good meat from mrw the only down side is some f the scum immigrants that work their lazy people and ignorant people the sooner Dalton goes the better and it is coming he will be gone by sept .
morrisons warehouse is full of lazy immigrants . and the manager flirts with them so can not do is job . I did send a e mail to the company in may about this issue
they have not replied . I no several workers their they have given up .

We occasionally shopped in our local Morrisons, particularly in May and June for plants for the garden (eg, This year 'Begonias for Patio Tubs at Four for £2') and whilst there popped inside for other things.

Our conclusion?

The place had gone to the dogs! There was clear evidence how the management don't seem to be motivated or have the first idea of what to do. There was even lots of litter on the floor near the check outs. It was very sad to see such a massive state of decline.

I have two stores close by they are spotless . its just the lazy employees who can not even speak English when you ask a question they just put up their arms and point to some one else sack them and replace them with people who can speak and understand .

their is gong to be a take over

Got any ideas then, TANKER, as to who might take Morrisons over?

Tesco?
Sainsbury's?
Aldi?
Lidl?
Waitrose?
ASDA?
Americans?
Marks and Spencer?
Co-op Food Group?

WALMART.

ex. I would say they are in the wings now it could be any of 4
but rest assure it is going to happen just when its lost almost 46% of its value
on a loss of 7.7% of customers and are now going back like my self and my family .

God i hope not ,ive seen what they do in America.

GF if you get the chance read The Walmart Effect ,it won business book of the year , very good .

have added 20000 this morning when these jump it will be very quick and it could happen any time . will I get a few more before it happens ?

Can't see Tesco, Sainsbury or Asda (Walmart) getting involved, wouldn't they come up against the competion regulations?
Why not a European company someone like Carrefour, are MRW's margins attractive to them? Or maybe the two German co's wishing to hoist their %age of the market.
2517

They have to reduce the store sizes ie floor space to be able to compete with the German stores. Must get the store overheads down, otherwise they are going to come under huge pressure from Aldi etc.

Bosses of Morrisons and Marks & Spencer under increasing pressure after Philip Clarke quits Tesco

By Rupert Steiner

Published: 22:01, 21 July 2014 | Updated: 07:50, 22 July 2014

Under pressure: The positions of Dalton Philips at Morrisons and Marc Bolland (pictured) at M&S, have been seen as vulnerable given the poor performances of their businesses



The bosses of Morrisons and Marks & Spencer were under increasing pressure last night following the departure of Philip Clarke as chief executive of Tesco.


The positions of Dalton Philips, the chief executive of Morrisons, and Marc Bolland, head of M&S, have been seen, along with Clarke, as vulnerable given the poor performances of their businesses.


One City expert said: ‘After the Tesco decision, if Morrisons doesn’t deliver in trading then Dalton is next in line – and I don’t think Marc is a million miles behind.


‘Sainsbury’s has just had a change and Andy Clarke is doing well as Asda smelt the coffee that customers wanted straight forward pricing 18 months ago.’


Tesco announced that Clarke would be replaced in October by turnaround specialist David Lewis, who is president of the personal care business for Unilever.


Clarke will leave with a year’s salary, shares and pension pot worth a total of around £21m.


Tesco was left yesterday with another profit warning, its second in two years.


Read more: http://www.dailymail.co.uk/money/markets/article-2700353/Morrisons-M-S-bosses-pressure-Philip-Clarke-quits-Tesco.html#ixzz38DRO1qWT
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The irony is that while Morrisons has a property estate that’s fairly fit-for-purpose — compared to Tesco, which has those huge stores to deal with — its terrible trading recently has put it on the radar of activist investors who smell blood, and perhaps value.

You see, Morrisons owns around 90% of its stores, warehouses and offices (as well as its own abattoirs!) This property is worth £9-£10billion. Yet with a share price a little over 250p, Morrisons is valued at less than £6 billion.

You don’t need to be Warren Buffett to see an opportunity here. Theoretically Morrisons could be acquired, all the property sold, and investors could pocket £3 billion for their troubles.

In reality that won’t happen — for a start, who’d buy all those supermarkets, if not Morrisons? Plus while the supermarket is having a tough time – sales plunged a breath taking 5.6% over Christmas — it’s still a profitable enterprise with millions of loyal customers.

Finally, Morrisons has debts as well as assets, although it also has cash and inventory that would go some way to covering its obligations.

A very crowded sector. Expansion plans of Aldi and Lidl into a saturated market makes me question there sanity.

Something has to give very soon.

Tanker: Exactly. It is still a profitable enterprise with millions of customers.

But if there were a bid, the SP would shoot up, thereby valuing the properties into the business and thereby also lowering the perceived likely profit dramatically.

So would a bid work? Would it end up being worthwhile? Hmmm?

Why not move towards a online/wharehouse HOME DELIVERY OPERATION only. Over many years of course but if they own most of their own property, margins in this low margin area would be better than competitors competing for home deliverys.

Something to think about as long as they source thier products from local farmers etc etc.

Juicy plums and Tomatoes, lettuce from Bridlington etc, etc.

land is running out land can only go up
they own prime land fact