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

Note to self - must get my septic tank emptied.

I thought the priciple was that the more s*it you fed them, the more they consumed themselves? Sadly doesn't seem to be working at any level!

results on the 10th and they will be very good

shame your not in then tanker......

i now have over 82000.thanks

mr long pockets??

Elsewhere, Wm Morrison is preparing to announce next week that it is returning about 1bn to shareholders in full-year results that are also expected to outline a pick-up in trading at the retailer over the past month, according to reports.

yes i do have very deep pockets is that a problem .

final div 10p and buy back of 350.000 shares .

Final div date 7th May and can't find any meantion of 10p can you clarify T.

-anker 350000 shares = < 1m ?

Morrison poised for 1bn share buy-back

hal i ment 350 million

hope we get sellers before up date so i can get more . up date on thursday

just got a computer to look at japan .terrible .

mrw going to start buy back monday these shares will hit 400p plus by xmas and good divs . but they will be taken out beforethat happens .they are now being looked at by 3 bidders

one big one from the states

one big one from the states now back to beach

Net debt down year on year and gearing at an excellent level, think it was around 17%. Company pension surplus reported alongside 87% of the nationwide stores' freehold value held on the balance sheet. I would be keen to understand what value is assigned to this (i.e. I haven't delved into the detail on the financial statements yet).

this is the best part they own there stores

StockMarketWire.com
Supermarket operator Wm Morrison reported turnover up 7% to 16.5bn in the year to 30th January (2009/10: 15.4bn). Profit before tax was 874m, up from 858m in the prior year. Total dividend is increased by 17% to 9.6p.

Like-for-like sales (ex fuel, ex VAT) were up 0.9% (2009/10: 6%).

Underlying profits before tax were up 13% to 869m (2009/10: 767m).

Profit before tax was 874m (2009/10: 858m including 91m exceptional credit).

Net debt at period end was 817m (2009/10: 924m) after capital investment of 592m, giving gearing of 15% (2009/10: 19%).

Basic earnings per share were 23.9p (2009/10: 22.8p) and underlying earnings per share were up 12% to 23p (2009/10: 20.5p).

Total dividend for the year rises 17% to 9.6p (2009/10: 8.2p) - dividend cover of 2.4 times,

Morrisons said it has seen record customer numbers in store and 15 new stores were opened during the year.

A 1bn equity return is to take place over two years and the group has made a commitment to double-digit dividend growth over the next three years.

harry . yes under valued by at least 100p

MORRISONS EFFICIENCIES QUANTIFIED
The sales desk meeting yesterday was pretty upbeat in terms of the self-help opportunities that should enhance and enable profitable growth with substantial efficiencies quantified. While the consumer environment is likely to remain subdued in 2011, double-digit EPS growth, adjusted for the equity return is attractive, in our view. BUY, TP3.89