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

Wm Morrison Supermarkets Plc

Ioannis Pontikis

Morningstar | Wm Morrison Reports In-Line 3Q Sales With Growth From Stores Disappointing; Shares Expensive

No-moat Wm Morrison reported third-quarter results for the 13 weeks to Nov. 4, with group like-for-like sales excluding fuel up 5.6%, supported by the retail (1.3%) and wholesale (4.3%) channels, broadly in line with our full-year expectations. There was no commentary on full-year guidance. We maintain our GBX 208 fair value estimate and continue to expect margin-dilutive growth in online and wholesale businesses to balance out any meaningful volume/mix gains achieved in the future. Contribution from online through Ocado's customer fulfillment centres was 0.3% in the period, supported by an e...

Ioannis Pontikis

Wm Morrison Reports In-Line 3Q Sales With Growth From Stores Disappointing; Shares Expensive

No-moat Wm Morrison reported third-quarter results for the 13 weeks to Nov. 4, with group like-for-like sales excluding fuel up 5.6%, supported by the retail (1.3%) and wholesale (4.3%) channels, broadly in line with our full-year expectations. There was no commentary on full-year guidance. We maintain our GBX 208 fair value estimate and continue to expect margin-dilutive growth in online and wholesale businesses to balance out any meaningful volume/mix gains achieved in the future. Contribution...

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.

Ioannis Pontikis

Morningstar | Wm Morrison Reports In-Line 3Q Sales With Growth From Stores Disappointing; Shares Expensive

No-moat Wm Morrison reported third-quarter results for the 13 weeks to Nov. 4, with group like-for-like sales excluding fuel up 5.6%, supported by the retail (1.3%) and wholesale (4.3%) channels, broadly in line with our full-year expectations. There was no commentary on full-year guidance. We maintain our GBX 208 fair value estimate and continue to expect margin-dilutive growth in online and wholesale businesses to balance out any meaningful volume/mix gains achieved in the future. Contribution from online through Ocado's customer fulfillment centres was 0.3% in the period, supported by an e...

Ioannis Pontikis

Wm Morrison Reports In-Line 3Q Sales With Growth From Stores Disappointing; Shares Expensive

No-moat Wm Morrison reported third-quarter results for the 13 weeks to Nov. 4, with group like-for-like sales excluding fuel up 5.6%, supported by the retail (1.3%) and wholesale (4.3%) channels, broadly in line with our full-year expectations. There was no commentary on full-year guidance. We maintain our GBX 208 fair value estimate and continue to expect margin-dilutive growth in online and wholesale businesses to balance out any meaningful volume/mix gains achieved in the future. Contribution...

Ioannis Pontikis

Morningstar | Morrisons' monochannel exposure is a headwind to growth, but wholesale is promising.

Although operating margins in the 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 UK grocer with 10.7% market share, according to Kantar.Morrisons p...

Ioannis Pontikis

Morrisons' monochannel exposure is a headwind to growth, but wholesale is promising.

No-moat Wm Morrison reported first-quarter 2018 (13 weeks to May 6) group like-for-like sales excluding fuel up 3.6% with equal contributions from retail and wholesale channels (positive 1.8% each), broadly in line with our estimates. Although top-line growth was somewhat higher than consensus, management reiterated guidance for the full year (including annualised wholesale supply sales of more than GBP 700 million by the end of 2018). We maintain our GBX 202 fair value estimate (20% below the c...

Ioannis Pontikis

Morrisons Reports In-Line 1Q Sales With Guidance Reaffirmed; Shares Rich

No-moat Wm Morrison reported first-quarter 2018 (13 weeks to May 6) group like-for-like sales excluding fuel up 3.6% with equal contributions from retail and wholesale channels (positive 1.8% each), broadly in line with our estimates. Although top-line growth was somewhat higher than consensus, management reiterated guidance for the full year (including annualised wholesale supply sales of more than GBP 700 million by the end of 2018). We maintain our GBX 202 fair value estimate (20% below the c...

1 director maiden bought

A director at Morrison (Wm) Supermarkets maiden bought 100,000 shares at 226p and the significance rating of the trade was 77/100. 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....

Wm Morrison Supermarkets Plc

MORRISON(WM)SPMKTS.PLC. reduced its risk exposure resulting in an upgrade to Slightly Positive

MORRISON(WM)SPMKTS.PLC. (GB), a company active in the Food Retailers & Wholesalers industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 3 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date October 23, 2018, the closing price was GBp 248.70 and its potential was estimated at GBp 279.33.

Wm Morrison Supermarkets Plc

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Wm Morrison Supermarkets Plc

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Wm Morrison Supermarkets Plc

MarketLine Department

Wm Morrison Supermarkets PLC - Strategy, SWOT and Corporate Finance Report

Synopsis Wm Morrison Supermarkets PLC - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Summary - Detailed information on Wm Morrison Supermarkets PLC required for business and competitor intelligence needs - A study of the major internal and external factors affecting Wm Morrison Supermarkets PLC in the form of a SWOT analysis - An in-depth view of the business model of Wm Morr...

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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