Member Info for bertram

Morning and sorry for late reply. I am very confident about Mrw`s future, sometimes overly confident. You posts correct my feelings sometimes without being rude or abusive. Good show. I will toast your health sir and look forward to reading your thoughts in the future. ATB.

Hello Jack, Miss the good posters here, there was some top reading. Fruitster and Gerry post well along with yourself and others but few and far. Have enjoyed a nice rise with BT over the last few months and this is after divi payment so happy there. Glad to be out of Lloyds which proved to be my worst purchase ever. Got out ahead but took time. How are you doing ATM? Refreshing to read you again and I sincerely wish you well, hope to see you about Take care, Bert.

Would do well to keep an eye on his Drax holding also as it has also jumped of a cliff. Good to see you again JD, GL.

Small but welcome divi paid this morning, good stuff, paid from profits as well. Next one will be 3.5p+ as stated with the following divi`s improving as MRW concentrates on core activities eg areas making the most money. Debt, already small, will reduce further and pension provision in the black. A sound company IMO and improving. GL all.

Don`t think he will have got past Q2 yet. Not enough fingers to count to 100. Improving broker ratings ,good show. Went into a local Tesco for some photo`s. Now who wrote the song " this town, is looking like a ghost town" because thats what came to mind. GL and TTFN.

All meant as light hearted fun Hotten. How many did you get by the by? Fruitster three and ten were my correct answers. Really humbled me. GL all.

New Senior's Exam, you only need 4 correct out of 10 questions to pass and keep on receiving your state pension... 1) How long did the Hundred Years' War last? 2) Which country makes Panama hats? 3) From which animal do we get cat gut? 4) In which month do Russians celebrate the October Revolution? 5) What is a camel's hair brush made of? 6) The Canary Islands in the Pacific are named after what animal? 7) What was King George VI's first name? 8) What colour is a purple finch? 9) Where are Chinese gooseberries from? 10) What is the colour of the black box in a commercial airplane? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Remember, you need only 4 correct answers to pass.

As per Gerrys post divi will most likely be 3.5p next time as promised. Any excess used to reduce debt, although MRW have a small debt burden it would be welcomed and push S/P north. GL all.

Good reading there Fruitster. Rsid and you are correct about the 5p promise. I have a quiet reservation that divi might just better this but we will wait and see. Holding long term because I have confidence in this company. Just enjoying a glass of Yellow tail and will toast your health gentlemen , Have a good weekend. ATB.

Jimbo Fruitster Morning guys. Would really like to get back to MRW topics without contradiction. We will see. Dividend due in a few days and although reduced it is welcome. Final divi in six months will be around 3.5p+ and at todays sp is acceptable. Longer term will see a strengthening divi again imo. I see Morrison`s now concentrating on core profit areas which is good. My local MRW is always busy and is a good store, well laid out and ample parking. While there maybe some poor preforming stores I`m sure there are other stores as my own, doing well. Again pension, debt, and assets make MRW a sound investment IMO at a turbulent time. I wish you both and all informative posters well, look forward to reading in the future, ATB.

Hi rsid, I think Opers enrolled in the Tesco School of Creative Accounting a few years ago so pay no heed to his figures. Your pension looks sound, infact the whole company looks in a good stable position IMO. We can enjoy a small divi in a few days which is welcome. May have a few small drinks and toast the good posters on this BB. GL fella, ATB.

MRW = little debt TSCO= Billions in debt including the biggest corporate loss in UK history MRW= 18% surplus on pension. TSCO= £4.3 billion in arrears and growing. MRW= Ownership of own property TSCO= Most of its sites rented. MRW= paying a reduced but welcome DIVIDEND TSCO= Dividend cancelled until further notice. MRW= No major litigation TSCO= Serious fraud office investigation ongoing. Opers, when you compare the two its like you are trying to justify a room in the Titanic against one at the Hilton Keep digging pal, the hole is getting deeper. GL all.

Tesco is now facing the same crisis that hit Marks & Spencer and J Sainsbury in the late 1990s, as well as Carrefour in France in the middle of the last decade. It is battling to stop the downfall of a retail empire and the loss of its position as the industry number one. Nothing changed since this report apart from selling the family silver and pension deficit growing at an alarming rate

Oh I see, now its 2015 Tesco`s woes are no more eh? The pension deficit has actually got worse since 2014 ( £3 billion ) now £4.3 Billion. Tesco`s own figures for what there worth. No divi I guess. Gorge Michael , who`s he?

Tesco, the embattled supermarket chain that lived through a nightmare two years, is facing additional financial pressure in 2015 when it must publish plans to plug a £3bn hole in its multibillion-pound pension scheme. The company is confronting the prospect of injecting an extra £300m into its employees’ retirement fund every year for the next 10 years, according to independent pensions consultant John Ralfe. Meeting this heavy commitment is yet another challenge for newly appointed chief executive Dave Lewis, who is tasked with returning the UK’s leading grocery business to its former glories. Ralfe, a former head of corporate finance at the chemist chain Boots who made his name handling its £2.3bn pension fund, said: “2014 saw Tesco firing its chief executive [Philip Clarke in July], disclosing accounting irregularities [which are being investigated by the Serious Fraud Office], mothballing newly completed stores, and facing a challenge to its whole business model from the discounters, such as Aldi and Lidl. Increased cash contributions to plug its pension fund is yet another problem.

With Morrisons trading on a forward P/E ratio of 15 and having a dividend yield of 3.3% which is well-covered by profit, it appears to be a sound buy. A new strategy has the potential to turn the business around and, with its bottom line set to rise by 17% next year, it could be back on-track a lot sooner than the market is currently anticipating. From Masil2`s link, cheers.

Why don`t you purchase some mrw shares then you can enjoy a divi, unlike your beloved, debt mountain owners TESCO. Don`t think MRW needs to follow anything Tesco does, look where it got you/ them.

I have similar plans Fruitster holding to 250+ and collecting an improving divi along the way. Cheaper fuel should help all supermarkets but the ace up the sleeve for mrw is low debt and ownership of own property. Bodes well and gives confidence. I will toast your health and all holders this weekend, been a better week so far.

Yep, shorters have missed a golden opportunity with Tesco. Still time though.

Hi hiji, Skipton store is always active even in mid week. Thursday to Saturday evening 90 % of parking taken. This is a good store well laid out inside, large car park and good choice of produce. Doing well imo. GL.