Sainsbury (j) Share Discussion Threads

[spob] 09/7/2019 00:00

If you had a ceo like that running SBRY for the last 30 years, shareholders would be so much better off imo

[spob] 08/7/2019 23:56

I think it is chief executives who feel the need to make their mark and keep changing things that do the most damage.

I just want someone to clock in, do nothing at all every day and then clock off and go home.


I would pay good money for that :)

[buywell3] 08/7/2019 14:44

180p this time down IMO

dyor

[loganair] 08/7/2019 13:29

It seems to me, out of the top 10 supermarkets, Sainsbury's has gone from being one of the highest margins to the lowerst margins.

Saisnburys margins seem to be getting weaker and weaker as the months go by.

Interesting to hear that the UK has the lowest price of food out of any EU country and us Brit's are still complaining that food is expensive in Britian when actually it is dirt cheap.

[loganair] 08/7/2019 13:25

Here’s why the Sainsbury’s share price scares me, and why I’m steering clear by G A Chester:


I’d be off my trolley to buy Sainsbury’s

Sainsbury’s shares rallied to over 340p last year after it announced it had agreed a merger with Asda, subject to approval by the Competition and Markets Authority (CMA). However, they soon turned south on increasing fears the CMA would kibosh the deal. The fears proved well-founded, with confirmation the merger had been blocked coming in April this year.

Annual results a few days later and a trading update last week have done little to revive market appetite for Sainsbury’s shares — currently 205p — although my colleague Karl Loomes reckons the price is now low enough to excite his interest. Personally, I see Sainsbury’s as a weak player in a tough market, and a company whose earnings outlook is deteriorating.

At the time of the results on 1 May, management made no comment on the then-consensus forecast of £652m pre-tax profit for the current year. But analysts at Barclays noted pointedly that management “is aware it would need to say something if this was plainly unachievable.”

Just two months on, and an updated (28 June) pre-tax-profit consensus forecast, published on Sainsbury’s corporate website, is £20m lower at £632m. Keep an eye on that analyst consensus page through the rest of the year. I suspect you may enjoy an object lesson in how struggling companies manage down ‘market expectations’. It could be a more profitable exercise than buying the shares at what I think is only a chimerical current P/E of 9.5 and dividend yield of 5.2%.

[tim 3] 08/7/2019 11:39

Agree about Argos it made very good sense to me Sainsburys including Argos is now the closest and often cheapest place for me to get thousands of items usually the same day.I sometimes wonder if it gave him to much confidence resulting in the Asda bid though as most people thought it was at best highly optimistic.

[poikka] 08/7/2019 10:24

That was a rubbish comment on my part. Of course, discounters are only part of the problem, the big problem was that they took their eye off the ball with regard to the stores - appearance and customer service, to a degree, were neglected.

But having seen what they are doing to get back on track gives me confidence to hold. Not only that, but I have added recently - hence the share price rise, lol!

I thought that the Argos deal was good and made sense, and still do think so. Asda would have been an even better fit for in-store Argos.

[robot ic1] 08/7/2019 10:07

Qantas good morning , black gold liquid hammering up

[poikka] 08/7/2019 10:01

Ever heard of the discounters?

[loganair] 08/7/2019 09:23

In the past 3 years due to his poor management of Sainsbury's, Coupe has overseen a fall in profits, a fall in EPS and a fall in the dividend while in return he has seen a rise in his pay....something sticks there.

[konradpuss] 08/7/2019 09:09

Plenty to see - a slow train crash in my humble if Coupe does not go.

[poikka] 08/7/2019 08:39

Lot of talk here about replacing Coupe, forget it.

Just 0.47% voted against the re-election of Mike Coupe.

And I was NOT one of them.

Nothing to see, move along.

[the grumpy old men] 07/7/2019 19:37

ADVFN INFO

Turnover PS 1,311.75 p
Pre-Tax Profit PS 10.81 p
Retained Profit PS -0.23 p
Cash PS 50.69 p
Net Cash PS -465.60 p
Net Tangible Asset Value PS * 335.18 p
Net Asset Value PS 382.40 p

Seems to have sufficient body mass as long as they not cut into muscle when renovating
those super supermarkets

did i read somewhere that they were undertaking sale and leaseback with some of their shops

[konradpuss] 07/7/2019 19:27

Imperial3, a great question. It is no good saying get rid of Coupe without a view on his replacement. How about Phil Clarke! only joking.

Well I think I would do what Tesco did and mine a company like Unilever or Nestle.

You need somebody that has vision and a skill set probably in marketing to go back to the core of Sainsbury and turn it around. The good thing is it is not overloaded with debt which was the case with Tesco when 'Dave' took over. Plus I guess there is nothing nasty in the accounts.

[imperial3] 07/7/2019 19:00

Who would your replacement be for Coupe?

[konradpuss] 07/7/2019 18:31

As the lawyers I know mostly shop at Waitrose or on line at Ocado I am afraid not much will find its way back to Sainsbury.

Coupe must go.

[stampylong trader] 07/7/2019 18:00

I'd say it is money well spent - it will trickle down to champagne, Porsches, and nice holidays. This is the cycle of money.

[loganair] 07/7/2019 15:31

Sainsbury's finance chief Kevin O'Byrne last week admitted during a frosty shareholder meeting that the £46million spent on merger talks with Asda was 'an awful lot of money'.

The confession came as the company and its chairman Martin Scicluna were forced to repeatedly defend the supermarket chain's strategy and chief executive Mike Coupe's £3.9million pay.

Speaking to an audience of more than 200 – mostly private shareholders – about the £46million outlay, he said: 'In anybody's terms, that's an awful lot of money, I appreciate.'

He said the money was paid to economists, lawyers and consultants planning the deal and working out how to best integrate the two businesses. The preparation of the financing was also costly.

[gswredland] 05/7/2019 19:11

I Agree!Looking to short this if it gets to 225ish

[la forge] 05/7/2019 17:49

ADVFN INFO


Turnover PS 1,311.75 p
Pre-Tax Profit PS 10.81 p
Retained Profit PS -0.23 p
Cash PS 50.69 p
Net Cash PS -465.60 p
Net Tangible Asset Value PS * 335.18 p
Net Asset Value PS 382.40 p

I do not believe 295p is unreasonable although the renovations might well take their toll

In the meantime for me i would avoid totally the retail sector

tend to agree with you chief




DO NOT EXPECT IT TO GO MUCH ABOVE 240p until late 2020 in my opinion

edit stuck in a rut between 200 to 240p

[chiefbrody] 05/7/2019 16:42

295p buyout lol.There was a time when 600p+++ was rumoured.How the mighty have fallen.On balance, probably not worth buying back some shares here.Especially when there are many more FTSE stock trading dirt cheap. And in a better position than Sains.Stick with my few left and reconsider if they get super cheap (only takes a market crash and they will be).

[poikka] 05/7/2019 15:36

Forget JC, he's old news now.

[imperial3] 05/7/2019 15:14

150p predicted by some doomsters here looking most unlikely now.However,If Jeremy were ever to become Prime Minister,then this could well go into reverse,along with nearly everything else.