Sainsbury (j) Share Discussion Threads

[pirates4] 07/5/2024 08:12

Work out 5p average per day till next financial year. My guess dyor.

[pirates4] 03/5/2024 16:30

From 7th February 2024 statement

[pirates4] 03/5/2024 16:28

Enhanced Returns for Shareholders - Progressive dividend commitment and share buyback The strength of our balance sheet and cash generation will allow us to invest capital in targeted areas, further strengthening our capabilities, driving growth and efficiency and generating higher profits and returns. A higher level of capital investment is balanced with a reinforced commitment to strong free cash flow generation and stronger returns for shareholders. Specifically, we will now commit to a progressive dividend policy from the start of next financial year and the commencement of a share buyback programme, with £200 million of share capital to be bought back over the course of the next financial year.

[pirates4] 03/5/2024 15:11

Get the Friday feeling, that the long weekend is here.

[pirates4] 03/5/2024 09:48

£££££

[pirates4] 03/5/2024 09:35

People who are closing in on there share save plan are going to making ££££

[havinthelasttoast] 02/5/2024 11:52

Probably but negative loggy will cry about it anyway.

Crying old count

[pirates4] 01/5/2024 13:08

Is that a 5 million Shares buy earlier.

[havinthelasttoast] 01/5/2024 10:57

Duck up you boring count

[loganair] 30/4/2024 20:25

At the current rate Morrisons are losing market share and Lidl are gaining market share, Lidl will over take Morrisons in around 24 months time.

[loganair] 30/4/2024 20:20

Richard Taylor, Lidl Great Britain’s chief development officer, said: “As we celebrate our 30th year, our commitment to ensuring that all households across the country have access to high-quality produce at affordable prices is stronger than ever."

“We’re planning to open hundreds of new Lidl stores but ultimately see no ceiling on our ambition or growth potential.

“This is why we’re continuing to invest in new locations whilst exploring innovative routes to expansion.”

Lidl currently has an 8% share of the UK grocery market, its highest ever level, having grown its customer base since last year, according to figures by Kantar published last week.

This puts it only slightly behind Morrisons, which has an 8.7% share of the grocery market.

[pirates4] 30/4/2024 14:22

They want to buy back to cover the loss of sainsburys bank and employee pay rises.

[pirates4] 30/4/2024 12:00

Ripe and ready

[loganair] 26/4/2024 15:22

Sainsbury's spends £200mln of share buy backs of which £20mln plus goes in fees = Sainsbury's is worth £200mln less then it was before = share price goes down.

[pirates4] 26/4/2024 15:11

How is the share buyback going to affect the share price...upwards or?

[philanderer] 25/4/2024 21:36

Shoppers are beginning to spend more freely but it will take a cut in interest rates before sales of more expensive items such as TVs and sofas start to take off again, the boss of Sainsbury’s has said.

Simon Roberts, the chief executive of the group, which owns Argos and Habitat as well as its supermarkets, said he was cautious about the outlook for general merchandise, with sales of furniture and homeware remaining weak as households faced high mortgage and loan costs.

[spob] 25/4/2024 19:58

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[loganair] 25/4/2024 19:28

Jefferies has affirmed a positive outlook for J Sainsbury:


Despite providing a wide profit forecast range for 2024/2025, Jefferies believes that the higher end is achievable, given a potentially favourable consumer environment.

Looking forward, Sainsbury's has set a broad guidance range for PBT in 2024/2025, expecting it to be between £690 million and £765 million.

While Jefferies anticipates that consensus estimates may settle around £730 million, it reckons there is headroom to overachieve against that figure. This optimism is rooted in strong industry growth, market share gains, and potential margin expansion.

The American bank also highlights Sainsbury’s continued strength in grocery sales, projecting ongoing momentum and market outperformance into the next fiscal year.

It reiterated its buy recommendation and 300p price target.

[philanderer] 25/4/2024 16:18

Sainsbury’s shoppers saw online orders fail to arrive on Thursday morning after the supermarket giant was hit by another technical hitch.

[loganair] 25/4/2024 16:14

Shore Capital thinks there will be "easing volume momentum from here on as comparatives bite, noting that we also expect proprietary brand owners will be seeking to more assertively regain lost ground since 2022 to private label".


"Argos put in an uninspiring performance" - As I've posted several times in the past that it seems to me the over £1bln spent buying Argos was just empire building by Sainsbury's management at the time.


We think a valuation of 12 times forward consensus earnings is fair given trading and prospects. Retail free cash flow is guided to be at least £500mn this year, compared with the £639mn posted in 2023.

[philanderer] 25/4/2024 16:13

So does the market by the look of it.