Morrison figures9 Sep 2021 09:00
They earned £9.05B profit £105m, only, market cap is £7B. So based on that M&S fair value is over £3.50.
Mks will earn closer to £11B with 3x the profit.
Plus improving proposition, better online offer, better food sales, cutting bad stores etc etc. So based on that, never the same again program and stake in Ocado- mks fair share price would be around £4 per share. At £3.50 we only match Morrison’s.