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

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

I see, how back in 1999, the 'dot com crash' had a bad effect on them too. The share price took about 8 years to recover the lost ground.

and just a little info for you all talk of mrw closing some stores andbuilding their own homes on these sites for rent . they have looked at their new site in lawley telford
were homes are built above the shop sold out in days

I suppose it's a good use for redundant/excessive store-space, but I recall Lawley is a fairly down-at-heel Area; so I'm surprised there is enough demand ( at the right price of course ), and the residents will be awakened by deliveries . . . or has MRW actually closed the store?
Tesco has been snapping-up small sites, like larger pubs where there is a good housing stock, car-parking and as a Bonus a history of selling Alcohol. Maybe MRW has a few of these too...?

their is now hundreds of new homes all round the new mrw store and a loverly place to live

Where is it, Tanker?

in telford my friend as moved their because of is job he loves it comes from oxford
says he wished he had moved their years ago I said its new you would of lived in a barn .

the apartments above mrw are great I would buy one if one comes on the market

Sounds like the area is Lawley Village, Telford. The flats would appear to be behind the Morrisons unit with five 'loft flats' at the top of the building. Can't see any windows though, Tanker. Is this the right place?

yes you need the other angle to the store .

their are hundreds of apartments behind the store .

market cap is down 48% under 4b unbelievable Dalton as weeks to turn it round and my info says sales up 2%

Hmmm - just had a quick look, NAV @£2.

Juicy Tomatoes.

And so it begins...

Directorate Change

The Board of Wm Morrison Supermarkets PLC ("Morrisons") announces that Andrew Higginson will become the Company's Chairman when Sir Ian Gibson retires in 2015. Andrew will join the Board on 1 October 2014 as non-executive Deputy Chairman and Chairman Elect.

Andrew is currently the Chairman of Poundland Plc and N Brown Group Plc and senior independent director of BSkyB Plc. Prior to that he served as an Executive Director at Tesco Plc for 15 years.

Sir Ian Gibson, Chairman of Morrisons, said: "Andy Higginson has a tremendous reputation and a distinguished career at the forefront of retailing in the UK and I am sure he will be a huge asset to Morrisons. I am very pleased to welcome him to the Board as Deputy Chairman and look forward to working with him to ensure a smooth transition to the Chairman role."

Andrew Higginson said: "I am delighted to be joining the Board of Morrisons. Whilst there are undoubted challenges in the industry at the moment, this is a fine business and I am looking forward to working with the great team at Morrisons who work hard every day to serve customers."

In relation to the appointment, it is confirmed that there are no further details to be disclosed under paragraphs 9.6.13 (1) to (6) of the Listing Rules.

just been down to my local Morrison's to get some petrol and the price was 129.9p per litre, in the area where I live asda Sainsbury's it 's 126.9, I asked the cashier why so high she said lots of people have complained but the manager has been told to keep it at 129.9.

what a way to run a business.