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I think that's been clear for a while. I'm buying. You can't just create a morrisons it has stuff, assets, brand, you can't easily replace. I think its probably going back in next time. If you try and be rationale about movements don't beat yourselves up if you get it wrong sometimes. Its not rationale or logical all of the time.
Even what looked like good news today in the RNS could not take this SP up. Looks like this is heading out of the FTSE 100 this week. Going to take some time for sentiment to change here. Probably will get worse before it gets better.
I hope you are right. This has been a massive disappointment for the past 12 months.
This is going north, this fund manager knows this is as cheap as chips, this stock is a good divy payer too
Silchester, the biggest shareholder in MRW, have upped their stake to 13.01% = 313,528,860 shares.
https://www.lse.co.uk/rns/MRW/holdings-in-company-ix9c5fo2mu92fxi.html
That endorsement at a time of possible relegation from the FTSE100 shows this group sees value overlooked by others.
Info on Silchester from 2019
https://www.telegraph.co.uk/business/2019/10/25/one-britains-richest-fund-managers-builds-10pc-stake-morrisons/
I am conflicted... Lots of critics about WM, SP down yet an incredible high institutional shareholding almost 50% while major companies like GSK, AZN, BAE S have only 20-30%.
I am new to this stock - any idea why so many funds still stay in if supposedly there is no hope of profit?
180p I feel will come over the next week or two. Entered earlier today
leas.
my opinion is that the online delivery is a dead loss no way that it is sustainable click and collect is the answer .
morrisons is behind the curve at present and i believe you will see 150s by the summer.
The fall is due to profit takers. 191 is the highest price market want to hold at the moment. We hit 169p now which means buyers will jump in. Soon we should heading towards 180p. its very cheap compared to Sbry and tesco. Shorters numbers are very short nowadays since Reddit.
Good luck!
Cannot understand why Schroders would seek to reduce here but hold over at TSCO. First of all, they are getting a poor price for their shares which will only reduce if their decision to sell forced them out of the ftse 100.
Struggling to find weakness other than trying to keep up to speed with online deliveries. Costs for making their stores Covid safe is balanced with increased footfall with restrictions.
Reminds me of PETS a couple of years ago when the sp was around 120p. No logic.