Arborbridge wrote:No, yield too low. However, it's a share I still hold and it bumbles along.
I'm surprised the inital reaction is down since these results look reasonable - the guy on Radio 4 thought they were OK - but maybe anything retail is regarded as suspect, particularly in view of Amazon flexing its muscles in this direction. There's a moral dilemma for me here, since Amazon and Morrisons are forging links and I do not want to help these disruptive insurgents.
Retailing in general is not a good place to be. As for disruptive insurgents they are here to stay. In fact they have always been around. Look at what happened to the greengrocer, the baker etc. A new invention, a supermarket, where you could buy all these items under one roof came along.
Your absolutely correct Dod, but the difference with these new kids on the block is how they do not contribute what they should to our society, - indeed are helping to undermine it - and governments seem unable to devise ways of making them pay. We all know it is not fair that a huge enterprise like Amazon only pays in tax what a couple of branches of Debenhams added together pay in business rates (if what I heard on R4 yesterday is correct), which is a different order of disruption to the ones you mentioned above. The supremarket revolution killed many local shops but provided much decent employment, pension schemes paid tax and arguable brought choice, cleanliness and quality to new heights.
Amazon does not: it is an mostrous insult that they allowed to get away with it and people even encourage it by buying products which they could get just down the road for a similar price. Indeed, I cheerfully pay more to support my local high street. There's nothing I've needed to buy from Amazon in years, apart from a few kindle books. I am content with what is nearby and the prices are similar. Not only that, I get to feel and choose and enjoy a shoppiong expedition. I understand this might by different for people in far flung places, but not for people near conurbations.