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By whom
crazy idea
like i have said it before at this price MRW looks very venerable for takeover
A bid at the current market price would never succeed. If a bidder wants shares, he normally offers a premium of 20-30% above market. Even then, he often has to up the bid, especially if a bidding war with another bidder breaks out.
Just for my understanding, if any company was being taken over at say 170 pence, why would the share price increase, and how much by. I know shares generally jump on take over, but not sure why.
It's not only the share price; it's also the very low pound. If any non-sterling company was considering a bid, now is the time. And I mean NOW, before Boris gets the EU to fudge the backstop.
MRW at this price could be takeover target.
I bought in around 2.30, spent last 8 months watching the SP decrease. Each month wishing I had sold last month. I cant see Amazon taking it over. If other stocks start to bounce back, I will sell and swallow the loss. As a customer I really like Morrisons, the delivery and café especially. But as an investor, its been one of my worst picks.
I agree. The only reason I wanted to keep going with the scheme was in the hopes of a takeover. Unfortunately the continuous drop in SP shows no sign of abating which makes it too much of a risk even upon maturity next summer.
I do hold a small amount but at 220p so I have no choice but to hold for a while. I’ve no desire to average down.
It’s a shame what has happened but once Sir Ken overstretched with Safeway and then moved on, corporate greed has taken hold.
C’est la vie.
I think a takeover is the only thing that will rescue the SP now. It obviously can't be with any of the other big three due to the Monopoly Commissions recent ruling on the Asda/Sainsbury merger. The only realistic candidate would be Amazon and they do already have a relationship with MRW and it would make a lot of sense for both companies. Amazon have already dipped their toes into the grocery market, have the delivery interstructure in place and the stores could also be utilised for selling Amazons own products and Independent Amazon sellers own fast moving products with a sellers premium fee being charged - - naturally.
If i had a crystal ball and knew for definite that Amazon would takeover Morrisons we would hold onto the shares because they would go up to £2.80--£3.00 practically overnight.
I cancelled my share “save” option last week also after two years of £350pm “invested”. Considering 184p was at a 20% discount it shows how much MRWs stock has fallen. Appreciate the market is depressed all round but I can see this reaching the 130p low during the previous CEO’s tenure.
The distribution centres have been sold off and leased back and with the mechanics and transport departments contracts being given to Stobarts and Wincanton it seems Morrison’s is being stripped of its assets ready for a takeover in the next 18 months IMO.
My wife is two years into the Morrisons share save paying £350.00 a month with the "special" buy price at £1.84 ( It's not so special now) . She will probably now stop the scheme and get back the money paid so far. To be honest, from what i hear from my wife about the significant problems in store with poor moral and severe understaffing plus reports of falling sales reaching almost 10% across local branches i think the SP accurately reflects this. A new Aldi and Lidl within a few miles of my wife's store is now taking customers away from Morrisons and it's not going to get better any time soon--unfortunately.