Morrisons (MRW.L) continues to recover after last weeks steep drop on the back of news that like-for-like sales are down over christmas. Investors continue to show an interest in the supermarket chain after rumours it plans to sell part of its shop portfolio.
Analyst Clive Black at Shore Capital says
“We expect Morrison to announce modest property activity in its balance sheet review; maybe realisations of about 1 billion pounds. The proceeds from such activity should keep the net debt-EBITDA ratio comfortable and allow the currently forecast dividend pay-out rates to persist.”
Morrisons (MRW.L) continues to recover after last weeks steep drop on the back of news that like-for-like sales are down over christmas. Investors continue to show an interest in the supermarket chain after rumours it plans to sell part of its shop portfolio.
Analyst Clive Black at Shore Capital says
“We expect Morrison to announce modest property activity in its balance sheet review; maybe realisations of about 1 billion pounds. The proceeds from such activity should keep the net debt-EBITDA ratio comfortable and allow the currently forecast dividend pay-out rates to persist.”
Related Posts: