Sainsbury (j) Share Discussion Threads

[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.

[s34icknote] 05/7/2019 15:01

Or a bid from us taking it out at 295pSicknote

[s34icknote] 05/7/2019 15:00

My money is on 225p by end of next week , ten times earnings !Sicknote

[poikka] 05/7/2019 13:05

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

[poikka] 05/7/2019 13:02

Well the share price continues to defy the naysayers, although for how long..

[loganair] 05/7/2019 09:07

When it comes to CEO pay, it's when I sit on your pay committee I'll give you a huge pay rise so when you sit on my pay committee you give me a huge pay rise.

I would like the senior directors pay to be given over to a share holders committee and I would like to see a set of 'Failure Standards' so for example if profits are down by 10% then the senior directors total pay and pension contributions also goes down by 10%. If Margins fall by 20% then the senior directors total pay and pensions contributions also falls by 20%.

If dividends have to be cut by 50%, then the senior directors total pay and pension contributions also go down by 50%.

[robot ic1] 05/7/2019 08:58

Qantas good morning to you, Black gold hammering up

[diku] 05/7/2019 08:53

The entire system is out of sync/distorted...ban the freebie shares given to insiders across the plc casino markets...as for a bonus to be linked to share price performance only...these guys are on super salaries with expenses paid packages, freebie shares, bonuses, private health care, pensions, golden goodbyes etc etc...does anybody know how much time they actually spend in office or out of office company related work compared to time spent on holidays/sick?...

[chiefbrody] 05/7/2019 08:42

Yup. Different world they live in though and it'll never end unless we introduce draconian measures. They cant help themselves. Link his salary to the share price or pay him in shares.Let him feel what its like to be a suffering Sains shareholder (he is of course with the zillions of shares he'll be given).

[ignoble] 05/7/2019 08:37

How can anyone be worth that kind of salary?
Reward success, fair enough...

[loganair] 05/7/2019 07:45

NR - Aldi and Lidl are profitable and are huge companies internationally and therefore have huge buying power.

Unlike the likes of Sainbury's, they have been built from the ground up as discounters and therefore Sainsbury's are unable to compete with them on price so are silly to try and do so.

[spob] 05/7/2019 07:23

Mr Farmer said "this useless chief executive" should be fired and, to applause, asked the board: "When are you going to get your act together?"

[nick rubens] 04/7/2019 20:09

These discounters like Aldi and Lidl, they are expanding and growing, but are they profitable or continually being funded.

Are they listed or private family companies with profits and dividends and earnings growth or venture capital assets due to be eventually palmed off on a flotation ( exit), with huge debt and then will come the profit warnings and debt concerns a few years down the line for the IPO herd.

Once the Argos integration of costs being stripped are done, I'm concerned they may end up with a bit of a liability struggling in the electrical retail market in addition to groceries.

But what is the solution to start growing profits again? Seems all supermarkets are in the same boat except maybe the B&M's, Home Bargains, Poundstretcher, Aldi, Lidl etc

[the grumpy old men] 04/7/2019 11:50

invezz


Sainsbury’s share price: Analysts weigh in on Q1 results
Tsveta Zikolova Tsveta Zikolova July 4, 2019 2 min read
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Hargreaves Lansdown reckons that the real challenges for J Sainsbury (LON:SBRY) are coming from the industry, Citywire reports. The comments came as the blue-chip grocer updated investors on its first-quarter performance yesterday, posting a fall in sales and cautioning that retail markets remained “highly competitive and promotional and the consumer outlook continues to be uncertain”.

Sainsbury’s share price fell in the previous session, giving up 0.53 percent to close at 198.45p. The stock underperformed the broader UK market, with the benchmark FTSE 100 index extending its rally and adding 0.66 percent to 7,609.32 points. This morning, the grocer’s shares have gained ground, having climbed 1.59 percent to 201.60p as of 08:18 BST, as compared with a flat Footsie.

Sainsbury’s faces industry challenges

Citywire quoted Hargreaves Lansdown analyst Sophie Lund-Yates as commenting yesterday that the latest dip in Sainsbury’s sales was not ‘a complete surprise,’ pointing to tough comparisons with the prior year’s figures, when the royal wedding boosted sales.

“Looking ahead, the group said conditions are set to remain uncertain,” she said, adding that the supermarket sector was “still seeing competitive pressure, meaning the likes of Sainsbury’s are being forced to push prices down across core products”.

“So, while last year’s strong performance makes this trading update harder reading, the real challenges are coming from the wider industry,” the analyst concluded.

Other analysts on blue-chip grocer

The BBC meanwhile quoted Thomas Brereton, retail analyst at GlobalData, as commenting that the price cuts showed that Sainsbury’s was ‘trying to compete,’ while cautioning that “its more premium image means it will continue to stumble if it tries to overcome its competitors on price”.

Shore Capital reaffirmed the blue-chip supermarket as a ‘sell’ yesterday, without specifying a target on the Sainsbury’s share price. According to MarketBeat, the FFTSE 100 group currently has a consensus ‘hold’ rating and an average valuation of 236.60p.

[ny boy] 04/7/2019 10:31

Looks to be bottoming out, same with VOD etc

[adrian j boris] 04/7/2019 09:41

SBRY UBS Neutral 650.00 - Unchanged


Is that a fat thumb or will it pull out a plum


a very strange swiss compromise or just helping out a small arab gulf state with a
gigantic sovereign fund

[s34icknote] 04/7/2019 08:31

Looks like back to 220pSame as iag kgf .All adding back ten percent .Sicknote

[konradpuss] 03/7/2019 19:18

I am not a holder although I follow this sector as I have an exposure elsewhere - Tesco Plc. I think this is a value trap. Sure the discount to NAV looks attractive, the business does not. I must say I never liked the Argos buy as it took Sainsbury down market. I was more worried that Amazon etc. has this sector in the bag. Look at what Tesco did - booted Tesco.com.

Sainsbury is not a basket case, however I think Coupe is the wrong man to take it forward. They also need to buy back their freeholds for flexibility going forward.

Sorry I am not a buyer with Coupe at the helm of the good ship Sainsbury and it is a good ship with a bad captain. By the way he was never going to succeed with the ASDA purchase. This was confirmed by an eminent competition Q.C. who wrote a letter in the F.T. when the bid was first announced.He nailed it and said 'not a hope in hell'. First thing - go take the best advice you can.