I will start to buy next week ,I think the revised opening hours could make a difference. If the intermission are good in Sept, then now the shares look cheap.
Bear in mind that you'll have to wait almost a yr for the full divi, but don't think you'll go wrong at these prices if you're in it for the long term.
But I read that they are going to sell approx 1billion of property and do a lease back , So they will be liquid.
Unfortunately the asset value of Morrisons' properties has little to do with paying a divi. If they haven't the pennies in thier piggy bank then they can't pay a divi. Dividend payments require liquidity - bricks, concrete and mortar do not constitute liquidity - in other words funds to expend on divi payments.
Thinking of buying in just for the dividend ,And hopefully at a low price .my opinion is that the dividend is safe backed by the asset value of the properties. And hopefully revamped opening times will impact on the profits,Anybody else any thoughts on my comments??
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