William Morrison Supermarkets PLC

Morrisons (Wm) Supermarkets is engaged in the grocery retailing in the U.K. Through its subsidiaries, Co.'s principal activities include include the acquisition of food products, property management, maintenance and investment, manufacturing and distributing of food products, insurance captive, preparation and supply of seafood, meat processing, manufacturing of morning goods and bread, produce packer and purchaser, grocery retailer and pharmaecutical license holder. As of Jan 29 2017, Co. operated a total of 491 stores, 334 petrol filling stations, 401 cafes and 118 pharmacies.
  • TickerMRW
  • ISINGB0006043169
  • ExchangeLondon Stock Exchange
  • SectorFood & Drug Retailers
  • CountryUnited Kingdom

Analysts

MORRISON(WM)SPMKTS.PLC. sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of MORRISON(WM)SPMKTS.PLC. (GB), a company active in the Food Retailers & Wholesalers industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date September 13, 2019, the closing price was GBp 208.60 and its potential was estimated at GBp 219.03.

Expert Corporate Governance Service (ECGS)

Morrison 13 June 2019

Item 2: Approve the Remuneration ReportThe remuneration structure is unsatisfactory. The bonus exceeds guideline and accelerated vesting is possible. Target performance for the bonus is not disclosed, though targets for minimum and maximum performance are. Actual incentive pay is excessive. The remuneration report received low support from shareholders at the previous AGM (83.4%) and no significant changes have been noted as a response to shareholder concerns. We recommend shareholders oppose. Item 4: Declare a Special DividendThe total dividends proposed, including the special dividend and t...

Ioannis Pontikis

Morningstar | Wholesale Leads the Way for Morrisons as Competition in U.K. Grocery Market Intensifies

Although operating margins in the grocery industry are similar among the Big Four companies, we reckon Morrisons has a more efficient operating cost structure than Tesco and Sainsbury’s. Further, the firm has a stronger balance sheet than its Big Four peers, with no pension deficit and a higher percentage of store ownership. Still, what the grocer saves from a less dispersed store network (mostly in Northern England), it gives back through lower scale and buying power relative to larger competitors; Morrisons is only the fourth-largest U.K. grocer with around 10% market share, according to Kan...

Ioannis Pontikis

Wholesale Leads the Way for Morrisons as Competition in U.K. Grocery Market Intensifies

Wm Morrison reported a first-quarter sales update for the 13 weeks to May 5, with group sales up 2.4% (versus 2% annual expectations in our model), like-for-like sales excluding fuel up 2.3% for the quarter, supported by wholesale (up 2.1%) while retail was soft (up 0.2% versus 0.9% annual expectations in our model). The statement didn't include any comment on guidance. We maintain our GBX 208 fair value estimate.  Contribution from online through Ocado's customer fulfillment centers was 0.4% in...

Ioannis Pontikis

Morningstar | Morrisons Reports In-Line 1Q Sales, Announces Ocado Partnership Changes; Shares Fairly Valued

Wm Morrison reported a first-quarter sales update for the 13 weeks to May 5, with group sales up 2.4% (versus 2% annual expectations in our model), like-for-like sales excluding fuel up 2.3% for the quarter, supported by wholesale (up 2.1%) while retail was soft (up 0.2% versus 0.9% annual expectations in our model). The statement didn't include any comment on guidance. We maintain our GBX 208 fair value estimate. Contribution from online through Ocado's customer fulfillment centers was 0.4% in the period, implying negative 0.2% in-store like-for-like growth and negative store volume, given p...

Ioannis Pontikis

Morningstar | Wholesale Leads the Way for Morrisons as Competition in U.K. Grocery Market Intensifies

Although operating margins in the grocery industry are similar among the Big Four companies, we reckon Morrisons has a more efficient operating cost structure than Tesco and Sainsbury’s. Further, the firm has a stronger balance sheet than its Big Four peers, with no pension deficit and a higher percentage of store ownership. Still, what the grocer saves from a less dispersed store network (mostly in Northern England), it gives back through lower scale and buying power relative to larger competitors; Morrisons is only the fourth-largest U.K. grocer with around 10% market share, according to Kan...

Ioannis Pontikis

Wholesale Leads the Way for Morrisons as Competition in U.K. Grocery Market Intensifies

Wm Morrison reported a first-quarter sales update for the 13 weeks to May 5, with group sales up 2.4% (versus 2% annual expectations in our model), like-for-like sales excluding fuel up 2.3% for the quarter, supported by wholesale (up 2.1%) while retail was soft (up 0.2% versus 0.9% annual expectations in our model). The statement didn't include any comment on guidance. We maintain our GBX 208 fair value estimate.  Contribution from online through Ocado's customer fulfillment centers was 0.4% in...

Ioannis Pontikis

Morningstar | Morrisons Reports In-Line 1Q Sales, Announces Ocado Partnership Changes; Shares Fairly Valued

Wm Morrison reported a first-quarter sales update for the 13 weeks to May 5, with group sales up 2.4% (versus 2% annual expectations in our model), like-for-like sales excluding fuel up 2.3% for the quarter, supported by wholesale (up 2.1%) while retail was soft (up 0.2% versus 0.9% annual expectations in our model). The statement didn't include any comment on guidance. We maintain our GBX 208 fair value estimate. Contribution from online through Ocado's customer fulfillment centers was 0.4% in the period, implying negative 0.2% in-store like-for-like growth and negative store volume, given p...

Ioannis Pontikis

Morningstar | Morrison's Reports In-Line 1Q Sales, Announces Ocado Partnership Changes; Shares Fairly Valued

Wm Morrison reported a first-quarter sales update for the 13 weeks to May 5, with group sales up 2.4% (versus 2% annual expectations in our model), like-for-like or LFL sales excluding fuel up 2.3% for the quarter, supported by wholesale (up 2.1%) while retail was soft (up 0.2% versus 0.9% annual expectations in our model). Morrison's statement didn't include any comment on guidance. We maintain our GBX 208 fair value estimate. Contribution from online through Ocado's customer fulfillment centers was 0.4% in the period, implying negative 0.2% in-store LFL growth and negative store volume, giv...

Ioannis Pontikis

Morrison's Reports In-Line 1Q Sales, Announces Ocado Partnership Changes; Shares Fairly Valued

Wm Morrison reported a first-quarter sales update for the 13 weeks to May 5, with group sales up 2.4% (versus 2% annual expectations in our model), like-for-like or LFL sales excluding fuel up 2.3% for the quarter, supported by wholesale (up 2.1%) while retail was soft (up 0.2% versus 0.9% annual expectations in our model). Morrison's statement didn't include any comment on guidance. We maintain our GBX 208 fair value estimate.  Contribution from online through Ocado's customer fulfillment cente...

1 director sold

A director at Morrison (Wm) Supermarkets sold 200,000 shares at 213p and the significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names ...

MORRISON(WM)SPMKTS.PLC. sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of MORRISON(WM)SPMKTS.PLC. (GB), a company active in the Food Retailers & Wholesalers industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date September 13, 2019, the closing price was GBp 208.60 and its potential was estimated at GBp 219.03.

Wm Morrison Supermarkets Plc

Wm Morrison Supermarkets Plc

Wm Morrison Supermarkets Plc

Wm Morrison Supermarkets Plc

Expert Corporate Governance Service (ECGS)

Morrison 13 June 2019

Item 2: Approve the Remuneration ReportThe remuneration structure is unsatisfactory. The bonus exceeds guideline and accelerated vesting is possible. Target performance for the bonus is not disclosed, though targets for minimum and maximum performance are. Actual incentive pay is excessive. The remuneration report received low support from shareholders at the previous AGM (83.4%) and no significant changes have been noted as a response to shareholder concerns. We recommend shareholders oppose. Item 4: Declare a Special DividendThe total dividends proposed, including the special dividend and t...

Morrison – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

William Morrison Supermarkets PLC - Proxy report 14/06/2018

Item 2: Approve the Remuneration Report The structure is considered unsatisfactory as the maximum bonus exceeds guidelines (200% of base salary) and quantum is excessive. More importantly, the Company has made its Adjusted FCF targets significantly less challenging in what appears to be an attempt to keep vesting rates for its LTIP high in coming years despite decreases in operating cash flows. It has also adopted EPS growth targets that are well below historical growth rates over the past three years. Making matters worse is the fact that 48.11% of shareholders voted against the Remuneration...

Valérie GASTALDY

Analyse court terme - WM MORRISON SUPERMARKETS : La tendance est haussière.

La tendance est haussière. Les cours progressent encore, mais la tendance s'affaiblit. La prochaine résistance est à 266,40 p. La rupture de 237,96 p mettrait la tendance en danger.

Valérie GASTALDY

Short term view - WM MORRISON SUPERMARKETS : The trend is bullish.

The trend is bullish. Prices are still making progress but the trend is slowing down. The next resistance is at 266.40 p. The break of 237.96 p would endanger the trend.

Valérie GASTALDY

Analyse court terme - WM MORRISON SUPERMARKETS : La tendance est incertaine.

La tendance est incertaine. Les cours baissent, mais la tendance manque de puissance pour le moment. Le prochain support est à 237,96 p.

Valérie GASTALDY

Short term view - WM MORRISON SUPERMARKETS : The trend is uncertain.

The trend is uncertain. Prices are falling, but the trend is lacking power for the time being. The next support is at 237.96 p.

Valérie GASTALDY

Medium term view - WM MORRISON SUPERMARKETS : The background trend is clearly bullish.

The background trend is clearly bullish. Prices are still making progress. The following targets are at 266.80 p and 278.50 p. The trend would be invalidated below the support at 237.91 p.

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