Unfortunately poor MRW is being shorted by the big boys JP Morgan, AQR Capital Management,, Discovery Capital Management, etc. They squeezing it hard but if they keep it overnight they will have to pay the dividend back as well, which will eat into their profits.
Morrisons treasurer charged with insider trading Financial Conduct Authority charges former Morrisons treasurer and head of tax with insider trading
Times:MRW & Safeways
Good story today, re: suppliers A decade ago same auditor for both companies, different banking policies :)
7 Billion Fund Manger views
Supermarkets are in a vicious price war and imo will start the Christmas discounts even earlier and the new year sales will start early as well with a bloodbath in price cuts. Worse still, the likes Aldi, Lidil, Poundshops will not sit on their hands. The other day on a local radio show a lady rang in and she was a bit like me, a Waitrose - M&S shopper but then she bite the bullet as she saw her supermarket bills go higher and higher. She said about Aldi or Lidil cant remember exactly that she wa very pleasantly surprised at the quality and prices. Blow a link to the story of the 7 billion pound fund manager and what is stance re supermarkets is and quote = "Don’t invest in crisis-hit supermarkets', says Neil Woodford." http://www.standard.co.uk/business/business-news/neil-woodford-dont-invest-in-crisi****-supermarkets-9757408.html DYOR and ATB
Had a big shop in our local MRW store tonight and was pleasantly surprised. Someone had obviously took the bull by the horns and gave the store a bit of a spruce up! Some good offers on as per the norm these days which bodes well with the challenges faced by ALDI and LIDL. Only problem was finding pistachio nuts which weren't in the nut section for some reason but got there eventually! Going to try and cook some Peshwari naan although it probably will come to nothing and nowhere as good as the local hotel makes! Pleased to see BR showing some interest once more
I believe this backs up my previous post and I do have first hand knowledge of what goes on ! http://www.dailymail.co.uk/wires/reuters/article-2767172/Tesco-style-accounting-risks-known-retail-industry.html
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