SARRIA LIVE MODEL
SARRIA ANALYSIS
CORPORATE FILINGS

- for speed listening, go to the settings wheel on the bottom right of the video and choose playback speed -

Description, Capital and Legal Structure - 9 Aug 23

Business Description - 9 Aug 23

Acquisitions - 9 Aug 23

Capex, IT - 9 Aug 23

Model, DCF - 9 Aug 23

Investment Discussion 9 aug 23

SARRIA News - CWT
Aengus McMahon
Morrisons/ASDA - comment
Aengus McMahon

The incremental impact of the Morrisons price cuts to creditors is small, but it underlines the low consumer confidence and the

Aengus McMahon
ASDA - Progress - Model Update
Aengus McMahon
ASDA - Progress - Model Update
Aengus McMahon

Please find our slightly updated analysis here.

ASDA’s Q4 results were expected to be bad and were. Also, whilst the pace of decline has slowed in the first few months of 2026, revenue has

Aengus McMahon
Aengus McMahon
ASDA - comment
Aengus McMahon

Although ASDA’s pay rise is lower than its competitors’, we do not expect it to provoke staff departures or

Aengus McMahon
ASDA - Execution - Model Update
Aengus McMahon
ASDA - Execution - Model Update
Aengus McMahon

Please find our updated analysis here

The challenges of separating from Walmart’s IT systems are behind ASDA, but the plan to reposition itself as the cheapest of the Big 4 is a

Aengus McMahon
Aengus McMahon
ASDA - comment
Aengus McMahon

Sales are falling, but more slowly, and market share is flat. This will be a relief to ASDA, but it still needs to establish the targeted

Aengus McMahon