Supermarkets – sigh of relief

MRW (Morrisons) released their trading statement today. LFL exc. fuel were up 2.9%.

Supermarkets have been so embattled that the news sent the share price up 4% to 247p. TSCO and SBRY also saw their shares rise.

Actually, judging by the chart alone one might have expected the results to be good:

I don’t own own MRW, I own SBRY instead. So I am not out of the woods yet. SBRY has a Stockopedia Value score of 90, so I am not expecting bad things tomorrow. SBRY has been a very lack-lustre performer for me, but it looks like I may want to hold on, absent any disasters tomorrow.

Advertisements

About mcturra2000

Computer programmer living in Scotland.
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s