gamesinvestor
09 Feb 2017
Re: Market Maker Manipulation ubiq -- it does look rather contrived doesn't it?I wonder how long this game will play out?Games
Ubiq
08 Feb 2017
Market Maker Manipulation Today's volumes - sold 11,812,086 bought 5,019,546Share price up 2.45pSame yesterday. Twice as many shares sold than bought The market makers are pumping the price up everyday to corner shorters. Scary when you get manipulation like that.
Ubiq
08 Feb 2017
Market Makers are Running a Corner Why is one the the market's most shorted shares also the index's star performer. It's outperformed a very bullish ftse 100 Current broker sentiment is 1 buy8 hold9 sellTrades on a hefty p/e of 26The most overvalued stock in the index on fundamentalsThe answers to Morrisons absurd valuation lie in the high volume of shorts 16.5 percent of their stock is held in short positions by institutional funds) The market makers have colluded to squeeze shorters. As long as they keep pumping up the buy price shorters can never make a profit. They are running a corner on this stock. There will come a time when reality will be restored, but for that to happen a bout of massive selling will be needed. All the evidence you need to know that fundamentals count for nothing Ubiq
gamesinvestor
06 Feb 2017
Zero to Hero [link] good story for workers at Homebase, the new owner maybe has a heart and some sound business sense.Not sure if this impacts MRW at all, are any of the staff on zero hours, are they well treated?Games
gamesinvestor
03 Feb 2017
Re: Sold Bazil -- will keep bobbing back, if only because I haven't been quick enough to sell the shares in my kids portfolio due to travel.There's every possibility that some big announcement could happen that will drive MRW up and I'll probably miss out.Sadly I've been burned a few times waiting for somat that just didn't happen, only to see the sentiment in the sector change (and it has been positive of late) and the share price declines.Realistically I feel (it's a gut feel mind) that MRW can drift back below 200 quite easily.I still like the company, but I just think I have some better value options to lodge my wedge right now.Games
Bazil_Brush
02 Feb 2017
Re: Sold Even though you have sold up Games I hope you will look in from time to time. A well balanced contributor, if you don't I'm sure your absence will be felt by others too.Good luck!B_B RIP Sir Ken. A great loss to the family and company.
Hyperproject
01 Feb 2017
Re: Ken Morrison Sir Ken Morrison, very well respected and a "top man", he will be greatly missed.
Norman Barrington
01 Feb 2017
Ken Morrison Sir Ken Morrison has died aged 85 following a short illness, his family has said.Sir Ken helped grow supermarket Morrisons from a small grocery chain into one of the UK's largest retailers, until he retired in 2008.He died peacefully at home in North Yorkshire, his family said in a statement."Sir Ken was, of course, a unique figure in the history of grocery retailing in the UK," the family said.For more than half a century Sir Ken was "the driving force at the heart of Morrisons as it grew from two market stalls," they said.If you don't know how to run your own business, it's time to give up, isn't it?"Sir Ken Morrison, speaking about management consultants"But to us he was a greatly committed and loving family man, as inspirational and central to us in our daily lives as he was in the business. His drive and ambition, quick intelligence and encyclopaedic knowledge were matched with a real curiosity in his fellow man.""He had a gentle humour and kindness about him and he could, and would, talk with genuine interest to anyone," they added.Supermarket chain Morrisons said: "Sir Ken was an inspirational retailer who led Morrisons for more than half a century... [he] will be greatly missed by many thousands of his current and former colleagues, a large number of whom became close personal friends over the years."My Favorite quotes from Ken:On the secret of running a good supermarket:"It's just taking money off people. And giving them something in return."Sir Ken Morrison, speaking about management consultants:"If you don't know how to run your own business, it's time to give up, isn't it?"
Herald
31 Jan 2017
Re: The experts Morrisons still has not a single Buy rating from any broking firm. That is people who spend their whole working lives assessing companies have the collective opinion that this is a dead duck. In fact they have thought this was a dead duck all the way up from 140p.Over at Youinvest they have an assessment of broker tip performance. [link] sort of sums up the idea that talk is cheap. It's not as if you are going to be fired when you only get your normal 50% strike rate of guesses right.If you want to back the experts then maybe those who have bought the particular shares for their funds are better guides. At least they are putting their cash alongside their mouth.
gamesinvestor
26 Jan 2017
Sold Last of my supermarket stocks now gone, with the exception of some MKS.Invested the rest of the proceeds in Unilever after this mornings dip.Games
Herald
20 Jan 2017
Stockwatch [link]
nk1999
19 Jan 2017
Telegraph- Questor "Wm Morrison: A 2.9% increase in like-for-like sales (excluding fuel and VAT), dubbed the company’s best performance in seven years by Boss David Potts, leaves us with a solid early gain in Morrisons. As part of its festive trading update last Tuesday Morrisons added that underlying pre-tax profit for its whole financial year would exceed market expectations – reaching between £330 million and £340 million. That would mark the first increase in profits since 2011. At first glance the shares do not look unduly cheap, on around 21 times forecast earnings. This is a big premium to the broader market, which trades on nearer 15 times. However, value investors will be intrigued to see that the company’s market cap and net debt come to £6.9 billion while tangible fixed assets on the balance sheet are £7.1 billion. The supermarkets still face fierce competition but expectations are low, debt is falling and the stock still looks cheap on an asset basis. Questor says ‘Buy’."(with SP around 238p)
gamesinvestor
16 Jan 2017
Aldi [link] results should be a further worry for TSCO; SBRY and MRW.If anything they are going to take more market share as they expand the stores. The stigma once attached to shopping at these places has gone and they have become the norm for many people, of modest means or otherwise.Lidl also grew sales 10% in the same period.MRW could go on from here with valuations that possibly lend themselves more to the property portfolio rather than just the raw supermarket business.Games - half offloaded - the other half is edging toward the exit door.
gamesinvestor
15 Jan 2017
Re: Seems consumers spent extra £480 m... """"Aldi sales up 11.8% and Lidl 7.5% in comparison""""In fact LIDL sales grew 10% according to this article :-[link] also of little consequence that like for like sales are not growing as fast at Lidl and Aldi. The fact is this overall sales growth is taking more and more market share from the top 4.Games
Spain Fund
14 Jan 2017
Seems consumers spent extra £480 million at tills this Christmas than the year before across all supermarkets increasing sales by 1.8%. So that accounts for the paltry sales rises at Morrisons and Tesco. These rises were comparing bad now to atrocious previously. It's all a sleight of hand by the big four Aldi sales up 11.8% and Lidl 7.5% in compariso
