RE: Well27 Apr 2022 00:27
Vine, I totally agree, something fishy is going on here! We know that the business is in trouble, it's been run into the ground for several years with an inflated share price and dividends being paid whilst the assets have been stripped bare. Corruption to the core. Add to that Covid, the collapse of Palmer & Harvey, driver shortages, supply chain issues etc etc etc.....
However, if you look at the footprint as a blank canvass alone, this is hugely valuable to Morrison's and within the next 2 years should be turning significant profits. My belief is that Morrisons will take this, no question, it's just a matter of how?
I'm not happy, but I'm sitting on my shares regardless!