By Alexander Bueso
Date: Monday 27 Apr 2020
LONDON (ShareCast) - (Sharecast News) - Morrisons decision to continue going 'the extra mile' for all its stakeholders, clients, staff and shareholders should stand it in good stead over the longer-term, the Mail on Sunday's Midas column said.
Once the crisis is over, people will not forget the grocer's efforts to help communities, despite the significant financial cost of initiatives such as paying farmers and small firms more quickly to alleviate their strained cash flow.
Discounts for NHS workers or setting up call centres for the elderly, vulnerable or simply those not used to ordering online.
The company also has potential from a purely financial standpoint, including its wholesale arm or its digital operations.
Sales have in fact grown during the lockdown and another special dividend isn't off the table.
"Morrisons is doing well so the group should be in a strong position once the current crisis has passed," said Midas.
"A healthy balance sheet means that the board can afford to be generous with dividend payments too. At ?1.88, the shares should deliver long- term rewards."
BH Macro has enjoyed recent volatility in global capital markets, racking up an 18.3% during the month of March, even as the Covid-19 pandemic threatened a global economic crisis.
The Guernsey incorporated closed-ended investment trust shows that "there is money to be made" but it's not for the faint-hearted, said The Sunday Times's Jill Treanor in her 'Inside the City' column.
The trust also racked up impressive returns of over 20% in 2007 and 2008 each, but March was its best month ever.
Even so, the trust is more interesting to watch than to dabble in, she argued.
"There were leaner periods too, when markets were dominated by low interest rates and quantitative easing, such as the six years to 2018. BH Macro is more interesting to watch than to dabble in."
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Currency | UK Pounds |
Share Price | 389.00p |
Change Today | 4.00p |
% Change | 1.04 % |
52 Week High | 397.00p |
52 Week Low | 328.00p |
Volume | 653,353 |
Shares Issued | 344.98m |
Market Cap | £1,341.99m |
Beta | 0.26 |
RiskGrade | 97 |
Value |
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Price Trend |
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Income |
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Growth |
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No dividends found |
Time | Volume / Share Price |
16:38 | 31,955 @ 388.00p |
16:29 | 331 @ 388.00p |
16:29 | 1,682 @ 388.00p |
16:29 | 1,200 @ 388.00p |
16:29 | 1,682 @ 388.00p |
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