Share Name Share Symbol Market Type Share ISIN Share Description
Sainsbury LSE:SBRY London Ordinary Share GB00B019KW72 ORD 28 4/7P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -3.80p -1.18% 316.90p 316.80p 316.90p 322.30p 316.30p 320.30p 7,191,270 16:35:04
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food & Drug Retailers 28,456.0 409.0 13.3 23.8 6,940.82

Sainsbury Share Discussion Threads

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Income heavyweights trim Sainsbury's on merger risk: Managers of £3.8 billion JOHCM UK Equity Income fund trim holding in Sainsbury's on risk of regulators rejecting Asda merger. Clive Beagles and James Lowen have trimmed their JOHCM UK Equity Income fund's holding in Sainsbury's (SBRY) after a review of the supermarket's planned merger with Asda revealed more downside than expected to a rejection of the deal. Beagles and Lowen have been strong backers of the UK supermarket sector in their £3.8 billion fund, with 1.4% of their fund held in Sainsbury's and 0.8% in Morrisons at the end of June. But in their latest update to investors, they said they reduce their weighting to Sainsbury's, although they remain 'overweight' the stock, holding more than the market weighting. 'Further analysis highlighted more upside than we expected should the deal with Asda be cleared by the Competition and Markets Authority (CMA), but also more downside should it be rejected,' they said. 'Given the current ongoing sluggish relative performance of the Sainsbury's stand-alone business, and with the share price already up 40% year to date due to the Asda announcement, we took the opportunity to rebalance our weighting.' Plans for a sensational merger of Sainsbury's and Asda, the UK's second and third largest supermarkets, were announced in April. The merger is likely to be subjected to tough scrutiny from the CMA, given it would create the UK's largest retailer. Analysts believe the regulator's approval of Tesco's (TSCO) acquisition of convenience store operator Booker last year had emboldened Sainsbury's, although most predict it will need to sell off a large number of stores to gain approval. 'As the CMA decision is unlikely to be announced before April/May next year, we will continue to monitor the situation,' said Beagles and Lowen.
big exposure here
Yeah saw shock shortages in SBRY garage shocking
Argos launches 'voice shopping' with Google Home Https://
The last Kantar figures shows that Tesco market share is now down to 27.4% while Co-Op, at 6.6% is growing its market share quicker than any of the top 10 supermarket groups.
Think share is going to be influenced more by the merger news than trading which is just as well.Last kantar figures were poor and does not surprise me noticed lots of stock shortages and long queues at checkouts since the management changes.
tim 3
Still a super share price performance.
Getting close to my bail out point I think.
Supermarkets can stay hot stocks after heatwave by Danielle Levy: Supermarkets have been strong performers over the last year, with the summer heatwave providing the latest boost. The hot weather and England’s surprisingly lengthy run in the World Cup provided UK supermarkets with an unexpected boost. Nielsen, which records grocery food volumes, last week reported the strongest four-week sales volumes outside of Christmas and Easter across UK food retailers since July 2013. Meanwhile, Kantar Worldpanel reported 12-week supermarket sales growth of 3.6% to 15 July. ‘Just imagine the sales outcome if it wasn't for those pesky Croatians (not that we dislike Croats of course),’ noted Shore Capital analysts Clive Black and Darren Shirley. Both Kantar and Nielsen recorded strong sales growth for beef burgers, salads, pizza, beverage, sun care and painkillers, as revellers enjoyed the warm weather by hosting World Cup parties and barbecues. That has provided a further boost to the strong share price performance of supermarkets over the last year. Tesco is among the 10 best performing shares in the FTSE 100 over the last year, up 45% over the last 12 months as profits have surged and the supermarket has resumed dividend payments. Nor far behind is Sainsbury's, 30% higher as investors have cheered its sensational swoop on Asda. The FTSE 100 is up just 3% over the same period. Miton's Gervais Williams holds both across the funds he manages, which include the LF Miton UK Multi Cap Income fund, together with a stake in Morrisons. ‘We believe that irrespective of the hot weather, the underlying opportunities for like-for-like growth are there,’ he said. He acknowledges that the sector has been through a difficult period over the past three to five years. This has been marked by a price war caused by discounters Aldi and Lidl; over-capacity; as well as the devaluation of sterling following the Brexit vote, which resulted in higher food prices. After surviving this difficult period, Williams notes that supermarkets have narrowed product ranges to offer products at competitive prices. The sector has also benefited from more people eating in - a trend that the fund manager expects will continue, as consumers remain cautious about spending. With this in mind, he believes supermarkets can continue to perform well, even if economic conditions worsen. ‘Supermarkets are one of the safest areas to invest. In terms of fundamentals, they are delivering value, share prices are recovering, they are generating more cash, while dividends are growing nicely,’ he explained.
7.1p dividend payments due today.
Sold another 30%.Break even now circa 1.80 so i think i'll let the rest run the whole merger course and see what happens for a year or so.
Agree beer and bbq related sales should more than compensate imo
tim 3
.spob9 Jul '18 - 11:23 - 19028 of 19030 0 1 0 I wonder do people eat less than normal during a heatwave ? Eating more salads/tomatoes and fruit eg Water melon Eating fewer heavier hot meals. Drinking more beer! :)
But yeh, next quarters results will say peeps were too hot to eat which explains this quarters like for like fall.Think i will offload another small batch this afternoon.
I would have thought so as thats always the case when i holiday in a hot country!
I wonder do people eat less than normal during a heatwave ?
The longer England continues in the World Cup the better for the supermarkets Hot weather 'should' be good for them too although I can just envisage a new excuse like for like sales were down because "it was too hot to go shopping" ... LOL
Actually the pay deal is not quite as good as it appears there is no rise next year and paid breaks, bonus and most premium rates have been lost as a consequence.In all honesty I think all Coupe is focused on now is the merger.
tim 3
The next update will be interesting as it will include the period with the new management structure in my local superstore the majority of team leaders took redundancy.
tim 3
didn't see any stuff from trading statement 4th July posted here during the week by our excellent contributors, so doing my bit for once, with this extract: Sainsbury plc First Quarter Trading Statement for the 16 weeks to 30 June 2018 -- Total retail sales up 0.8 per cent (excl. fuel) with like-for-like sales up 0.2 per cent (excl. fuel) -- Grocery sales grew 0.5 per cent with Groceries Online and Convenience up 7.3 per cent and 3.6 per cent respectively -- General Merchandise sales grew by 1.7% and Clothing sales grew by 0.8%, both outperforming the market Mike Coupe, Group Chief Executive of J Sainsbury plc, said: "I am pleased with our progress in the quarter. The headline numbers reflect the level of price reductions we have made in key areas like fresh meat, fruit and vegetables since March. Our price position has improved and customers have responded well, resulting in a continuation of the improved volume trend we saw in the second half of last financial year. "We are transforming our business to meet the changing needs of our customers. We have made fundamental changes to the way we run Sainsbury's stores. We have completed our store management restructure, which will ensure that our shops are run efficiently and in a way that puts customer service at the heart. We have also confirmed our plans to increase our colleague hourly rate of pay to an industry-leading GBP9.20 an hour from September and will introduce one simple, fair and consistent contract for all Sainsbury's store colleagues. Both of these significant changes means we are well set up for the future. We were delighted to win The Grocer Gold Service and Availability awards for the sixth consecutive year, recognising the excellent job our colleagues do for customers in stores every day. "General Merchandise and Clothing, including Argos, continue to outperform a very challenging market and we are well placed to further grow market share. Argos stores in Sainsbury's supermarkets continue to grow, Fast Track sales were strong and we have now launched Tu clothing on the Argos website, a key strategic milestone. "The market remains competitive. However, we have the right strategy in place and our proposal to combine Sainsbury's and Asda will create a dynamic new player in UK retail, with the scale to give customers more of what they want today and create a more resilient and adaptable business for the future. We have successfully agreed a financing package of GBP3.5bn in relation to the proposed combination. The financing has been raised on attractive terms, reflecting the confidence of the lending banks in the outlook for the proposed combined business."
so England progressing to knock out stage has nothing to do with 10.5p 3.5% rise today If they beet Sweden on Sat, will that mean more turnover for Sains and another 10p on share price next Monday
bob f2
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