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.
Bought in at around 190 at peak in April. Really knew I should have sold before the update at around 175 last week. Would of been a loss of only a few 100 after factoring in the Divi. But didnt. Anyway I manned up today and sold out at 162. I don't see any significant share growth in the next 2 years. I do think the housing market will tank. I do think TW peers are all going to perform badly. The sector is done. Have bought in to another sector that I truly believe in today, which is down as everything is down. Hope to recoup 20% of my TW losses in the next week or two as they rebound. Have read some of the positive sentiment on this board. Don't see it myself, but If it does recover, then it wont be for a while and maybe by then I will have made some gains else where. May buy a few if the price is right in the run up to July 2020, but in the mean time my money can do more else where. Also saw a crack in one of their new builds last night LOL. Bye!
Yes a glimmer of hope. The execution has been delayed for another month. I made a speculative investment at 19p a few weeks back. I cant see it folding, its too big. Expect Wipac will be disposed off one way or another.
Aldi or Lidl would not understand the morrisons business, maybe Sainsbury or more in line, Waitrose would suit. I dont think Morrisons are doing anything wrong, its just the market needing to see such growth. I held Dominoes Pizza too, and these were both about the same in price in March. Dominos now said it would not meet its target this year (overseas Pizza sales bad) and up to 2.60. Morrisons appears to be plodding along and down at 2.15. Makes no sense the valuation of either. I dont see much growth for the share price, despite Morrisons doing ok. Will sell if I can get back some losses.
Hi Riffgo, thanks for the analyses. It sounds plausible. In this scenario buying in today, there is a 20% swing, so a nice profit. Aside from Goldman, I expect the results may add a new level of resistance to the price as they announce progress on some of their long term projects such as the recycling facility. Long term I see growth for this company.