Member Info for Nate_D

Staff morale is going to remain a significant issue. I personally would hate to be working in a Morrisons branded store whilst being paid a Mccolls wage! Ouch!!

I do hope that you are right, however hiring Murrells is surely going to be expensive, and with what aim? If the blueprint for M-daily is set and proven, what does he add?

Hi Devon-trader, I noted you mentioned only 2 conversions last week? Does that suggest that the roll out is slowing down?

Does anyone know when exactly the results are due to be published, other than "May? Are we a week away or five?

Totally agree Jenn. I first bought in at 13.1 and at that point thought it was the bargain of the century. I've averaged down to 9 and don't intend to sell anything pre 20.

I bought based on the morrisons daily rollout and forward plan. Nothing has changed, other than a whole load of speculation. If this was going under, it would have happened by now IMO.

Sit tight Lewis, I'm with you all the way!

We are bound to see downwards volatility in the same way as upwards, just the penny pinchers taking quick profits. Good news is where we will see ours rocket. I'm standing by the long term plan.

The coop purchase looks to have been a significant mistake, how much of that even remains operational?

Well she landed at 6.30, back exactly where she started, which looking at the overall market today, is a pretty good result. Everything crossed for tomorrow.

6.98 down to 6.22. Will we ever see a green day?

My biggest concern is the lack of info from the BOD. Any miniscule sniff of positivity from the board could have prevented the tumbling share price in the last 6/8 weeks, so where is it? Is there any good news? Why are they CHOOSING to stay silent?

Source?

Was up to 10.3 early doors. Feels to me we're being mugged off with this stock. IF there was good news 're Christmas trading, surely it would of been released by now.

The lack of self service checkouts are also a major mistake imo, alongside door security staff. These are basics for modern day convenience shopping.

Sorry NAV, I disagree. They cannot react to increased foot flow, they have to be on the front foot here. First impression is CRITICAL. At the point of conversion, they should be massively up-staffing. People will not queue, that Is a fact. There is no second chance to make that first impression, bringing staff in later is too late.

I'm not convinced tbh. I've visited a few of the new M stores in the south west and I've not been impressed by any of them. They are miles behind the likes of coop, Tesco metro and Sainsbury locals. Under staffed, fridges full of reduced to clear goods which suggests poor stock management, empty hot food units, large queues whilst some little old dear tries to pay a fiver off her gas bill, narrow cramped aisles, coffee machines out of service, etc etc etc.

I really do hope this model works, but my research suggests they have a long way to go :(

When are we due a Christmas sales update, or any other news for that matter?

Many of which look more like giveaways than sales. So much for goodwill :(

Why are only SELL'S showing, no BUYS? Something smells fishy :(

Thanks Logan, it does indeed appear on the face of it that they are in a hurry to clear out the dead wood. Out of interest, from where are you sourcing this information?