||ORD 28 4/7P
||EPS - Basic
||Market Cap (m)
|Food & Drug Retailers
Sainsbury Share Discussion Threads
Showing 20701 to 20722 of 20725 messages
|Preliminary results Weds the 03 May.
|More at Aldi!|
|Does anyone know how much supermarket managers are paid?|
|Returning to the UK after being away for a couple of years I was shocked to see how much food prices have risen in Sainsburys. My typical shopping basket had risen by nearly 40% and yet Sainsburys profits have fallen over the same period while their margins haven´t gone up.
It seems to me that Sainsburys is far to top heavy when it comes to their management and head office expenses.|
|Breakout above 274p great play here and decent divi|
|In play, shorts will close, takeover target whilst the share price is this cheap, decent divi yield 4.51%|
|Deutsche Bank AG increased stake to above 5%. Needs shorts to close out, once and for all.|
|Good rise this morning on no news!!|
|Can you believe this - UBS INITIATES J SAINSBURY WITH 'BUY' - PRICE TARGET 360 PENCE...|
|Shorters being squeezed today?|
Betting Against U.K. Retailers Hits 2-Year High Amid Brexit Jitters
Dow Jones News
Marks & Spencer (LSE:MKS)
Intraday Stock Chart
Today : Friday 7 April 2017
By Philip Waller
LONDON--Betting against U.K. retail stocks has hit a two-year high as investors fret about the potential impact on the sector of a "hard Brexit", a study released Thursday showed.
Grocers including Ocado Group PLC (OCDO.LN), Wm Morrison Supermarkets PLC (MRW.LN) and J Sainsbury PLC (SBRY.LN) hold the top three places respectively in a list of the most-heavily shorted stocks in the sector compiled by research group IHS Markit.
Marks & Spencer Group PLC (MKS.LN), Halfords Group PLC (HFD.LN), Sports Direct International PLC (SPD.LN) and Pets at Home Group PLC (PETS.LN) have also been targets of short-selling, in which investors bet on a downward movement in shares by borrowing and selling them in the hope of buying them back at a profit later.
Online grocer Ocado is also the third most-shorted stock in the FTSE350 Index as a whole, with more than 15% of its shares out on loan.
Investors keen to hedge against uncertainty caused by the U.K.'s vote to leave the EU have been shorting UK stocks with a heavy domestic revenue profile since the middle of last year, IHS Markit said.
Shorting of retailers, many of which get most or all of their earnings from the U.K. market, has surged in the last few weeks as Britain has triggered Article 50, the EU's mechanism by which an existing member leaves the bloc.
The bets now represent 3.3% of the total shares of the 43 retailers in IHS Markit's study, the highest average for the sector in more than two years.
IHS Markit analyst Simon Colvin said a growing number of disputes related to the U.K.'s EU exit, such as last week's row over the sovereignty of British overseas territory Gibraltar, risks a so-called "hard Brexit", in which the U.K. would quit the EU without a trade deal after the official two-year negotiating period.
"Such an outcome could leave retailers paying more for imported goods, owing to both tariffs and a falling pound, while potentially limiting their access to the foreign staff who play an important role in the U.K.'s service industry," Mr Colvin said.
While supermarkets have been shorted for a while due to competition from discounters, more bearish sentiment towards clothing and sport goods retailers in the last few weeks indicates the market is steeling itself for a slowdown in non-essential spending, he added.
Short interest in M&S has more than doubled in the year to date to 9% of shares outstanding, while shorting of Sports Direct and Pets at Home has climbed by more than a third since the start of the year.
Write to Philip Waller at firstname.lastname@example.org
(END) Dow Jones Newswires
April 06, 2017 07:30 ET (11:30 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
Please do your own research.|
|Supermarket leaders Tesco and J Sainsbury both saw a decline in sales in the latest Kantar Worldpanel UK grocery market data although Wm Morrison Supermarkets maintained its recent recovery.
In the 12 weeks ended March 26, Morrison’s achieved sales growth of 0.3% year-on-year, although its market share slipped to 10.4% from 10.5%. It was the third consecutive period Morrison’s sales have beaten their ‘Big Four’ rivals.
Neil Wilson, senior market analyst at ETX Capital said: “Figures from Kantar today underline the positive outlook many in the market has on Morrisons versus its major peers, but the relatively slow pickup in sales maybe has some doubting the recent run of form can continue in the face of a potential pullback in consumer spending.”
Tesco posted a 0.4% sales decline, and Sainsbury's saw its sales fall by 0.7%. Tesco's market share decreased to 27.6% from 28.1%, as Sainsbury's market share fell to 16.1% from 16.4%.
The decline at Tesco comes after the UK grocery leader had achieved sixth consecutive periods of growth prior to the latest period.
Aldi, Lidl march on …
German discounters Aldi and Lidl continued to deliver significant growth, with sales up 14% and 15%, respectively.
The pair now have a combined 11.7% share of the UK grocery market, compared to 10.4% a year before.
The final ‘Big Four’ member Asda - which is owned by US retail giant Wal-Mart Stores - once again came in last place as its sales fell by 1.8% and market share declined to 15.7% from 16.2%.
Elsewhere, sales for the Co-op were up 0.8%, while upmarket grocer Waitrose saw its sales rise by 0.3%, with its market share now standing at 5.1 per cent, the retailer has seen unbroken growth since March 2009, when it held just 4.0 per cent of the grocery market.
Sales at Iceland grew by 9.8% thanks in large part to the supermarket’s fresh and chilled lines. These products now account for more than a quarter of sales at the retailer, as Iceland moves beyond its traditional focus on just frozen foods.
ETX’s Wilson said: “The pie is getting bigger – total supermarket sales rose 1.4% - but the slices are being carved differently.”
Fraser McKevitt, head of retail and consumer insight at Kantar Worldpanel, said: “Despite rising prices, we’ve seen shoppers’ minds turn to healthy eating after the excess of the festive period and before the temptation of Easter. Greater demand for gluten or dairy-free products, particularly from younger shoppers, has boosted the ‘free from’ category by 36 per cent year on year. In fact, 54 per cent of the population purchased a ‘free from’ product during the past three months – that’s 3.3 million more people than last year.
“Meanwhile inflation shows no signs of abating. The price of everyday goods is up by 2.3 per cent compared to this time last year, and rising prices cost the average household an additional £21.31 during the past 12 weeks.
“We expect inflation to continue to accelerate, and as a result we’re likely to see consumers looking for cheaper alternatives. A reduction in promotional activity means the proportion of spending on promotions now stands at just 32.9 per cent – 5.5 percentage points lower than last year.
“As a result, offers are becoming a less significant option for shoppers looking to save money. Already taking market share from their branded rivals – and up nearly 5 per cent during the past 12 weeks – own label lines could be among the main beneficiaries of inflationary pressure.”|
|Deutsche cut its stance on Sainsbury's to 'hold' from 'buy' and lifted the price target to 300p from 280p, given a strong performance over the last quarter and reduced upside to the bank's target price.
DB noted that its lifting of its price target had been premised on having a more favourable view of the Argos deal than the market and believing that the share was attractively valued relative to peers and was essentially pricing in a material margin reset, which we it not think would happen.
It said the fourth quarter trading update was a slight miss on the grocery like-for=like side, but the Argos LFL was a strong beat.
"We continue to believe the Argos acquisition was both financially and strategically attractive. Of all the structural challenges facing UK food retailers, we think property costs are the greatest. Footfall is a valuable and increasingly scarce commodity. We think the Argos business helps Sainsbury's protect and enhance the footfall to its stores."|
|Comments on 4th Quarter trading statement...
Sainsbury’s bought Argos last September for £1.4bn, planning to move some stores off the High Street and into its supermarkets.
It has already opened 41 Argos digital shops in stores – where customers place orders for delivery – and 205 collection points.
This helped sales jump 4.3 per cent. John Ibbotson, director of consultancy Retail Vision, said: ‘Argos is proving a guardian angel rather than an albatross for Sainsbury’s.
‘While the acquisition initially swallowed time and resources, it is now paying dividends.’
Aggressive price cutting by Sainsbury’s rivals was impacting the chain, he also said. “Despite enjoying a better than expected Christmas, Sainsbury’s continues to lose market share – and the brand’s much-vaunted turnaround plan has been slower to show results than those of its rivals.”
Catherine Shuttleworth, chief executive at Savvy, said results from the company’s convenience and online businesses “shine a light on the tough times that the core Sainsbury’s estate – of superstores – are experiencing.
“It looks like a strategy of dogged resilience and focusing on retail basics is going to be the only way forwards for the core food business.”
Danielle Pinnington, managing director of shopper research agency Shoppercentric, said Sainsbury’s needs to make sure its core estate appeals to today’s shoppers, “who may have quite specific missions”.
“SainsburyR17;s results highlight the changing nature of grocery shopping in the UK,” she said.
Simon Johnstone, researcher at Kantar Retail Market Insights, commented: “SainsburyR17;s will have to adapt to a British shopper that is changing rapidly due to disruptive new services such as Amazon Fresh, Aldi’s online special buys, the popularity of M&S simply food and the success of myWaitrose.”|
|Breakouts are relative :)|
|Are we nearing a breakout one wonders?|
|I cannot see why they cannot use the vehicles more productive with the Argos link up. You can't always deliver food early so why not load the vans early with local Argos orders during early hours of the morning. Once done the vans are used for groceries|
|Will this end up !!|
|A conference call will take place at 8:45am. To listen to the audio webcast we recommend that you register in advance. To do so please visit www.j-sainsbury.co.uk prior to the event and follow the on-screen instructions. To view the transcript of the conference call go to www.j-sainsbury.co.uk and follow the on-screen instructions in the fourth quarter trading statement section
|SBRY Q4 Lfl -0.5%
SBRY Q3 Lfl was +0.1%|