Sainsbury (j) Share Discussion Threads

[she-ra] 01/10/2019 14:43

I didn't realise you were a priest. Could you pray for my shares?

[loganair] 01/10/2019 14:34

In my whole working life, Sundays and Bank holidays were considered as normal working days.

[she-ra] 01/10/2019 14:26

loganair - It took you 10 years to take the hint?

[loganair] 01/10/2019 13:24

I have never understood this getting paid extra for working Bank Holidays and Sundays?

In my last 10 years before I retired I worked 9 New Years Days and 8 Christmas Days and never got paid any extra for doing so also the same for working many, many Sundays.

I was paid standard pay up to a certain number of hours worked then paid extra if worked any more hours and that was it.

[tim 3] 01/10/2019 12:38

I think the pay rise last year was quite a clever move it was partly paid for by Cutting what were basically outdated practices like premiums for weekends that only some older staff got and getting rid of paid breaks.He knew it was only a matter of time before the £10 minimum came in so by doing it early he gave Sainsburys an edge when recruiting as well as holding on to existing staff.

[loganair] 01/10/2019 09:28

Henry Ford Understood That Raising Wages Would Bring Him More Profit.

A century ago, the Ford Motor founder shocked the world of business by doubling wages to $5 a day. No altruist, he was playing a long game—one today’s short-sighted CEOs can’t fathom.

[tim 3] 01/10/2019 08:58

Sainsburys are ahead of the competition on minimum wage already paying 9.29 so a rise to 10.50 in 5 years is only 12% or less than 2.5% a year.

[muffinhead] 30/9/2019 23:12

Sajid Javid, the Chancellor, launched plans to hike the minimum wage from £8.21 now to £10.50 over the next five years


5% compound wage inflation for another 5 years


More immigrants coming to UK!

In 2015 the politicians started this annual compound wage inflation pilgrimage, no productivity needed, garbage

[loganair] 29/9/2019 19:36

Sainsbury’s recently unveiled its own new strategy, announcing plans to make cost savings of £500 million through cuts to store numbers, integrating some more Argos stores into larger Sainsbury’s sites and using more technology to make shopping easier.

[poikka] 29/9/2019 18:29

Stop worrying, loganair, and sell your Sainsbury's shares.

I'm holding these having bought more a few weeks back.

The only thing I'd add regarding the recent update is that they didn't mention the store upgrades. I don't see any meaning behind that, though.

[loganair] 28/9/2019 11:07

When I look at Sainsbury's I see a worrying list of time-weary set of pledges to restructure the business which has been on going for at least the past 10 years.

[cjohn] 26/9/2019 11:11

spob
25 Sep '19 - 10:13 - 20422 of 20424
0 1 0

Has anyone noticed the never ending "one off" costs to save money, every year for the last 30 years



God, you've been following SBRY for the last thirty years. I do commiserate.


Repeated "one-off" costs are of course not exceptional and a very punctilious and intellectually disciplined management would not treat such costs as exceptionals.

[loganair] 26/9/2019 11:10

CJohn - Sainsburys has fewer Freeholds then either Morrison's who have the most and Tesco.

I disagree, Sainsburys has a too small amount of Freeholds which is a financial negative.

[cjohn] 26/9/2019 11:07

Loganair 13 Sep '19 - 10:56 - 20402 of 20423
0 1 0
My understanding on a supermarket sale and lease back and supermarket will pay around 6% per year on the lease which means after around 17 years, the supermarket will have paid all the money they got for the sale of their asset however they'll will continue to pay the 6%.

If a Supermarket sale and lease back for £50mln, will pay £3mln per year lease. After 17 years the supermarket will have paid £50mln in lease and will continue to pay £3mln per year for the lease on an asset they once owned but no longer do so.

Actually after a while the supermarket will be paying more than £3mln per year as every so often their will be a review and reviews only mean one thing, an increase in the amount to be paid on the lease.


All good stuff, Loganair. And precisely why SBRY's large amount of freehold property is a financial plus.

[loganair] 25/9/2019 13:22

Salisbury's paid over £1bln for Argos while since then Sainsbury's market cap has reduced by £1bln which means Sainsbury's + Argos market cap has fallen by over £2bln.

[spob] 25/9/2019 10:13

Has anyone noticed the never ending "one off" costs to save money, every year for the last 30 years

Just wondering when the cumulative effect of all these "one off" costs over the last 30 years will actually make any difference whatsoever to the profitability of this company

I notice the share price is up a little today but that kind of looked like a profit warning to me this morning

Perhaps the market was expecting something worse

[loganair] 25/9/2019 09:25

The only people who did well out of Sainsbury's taking over Argos, was the Argos share holders.

[buywell3] 25/9/2019 09:08

ALDI and LIDL continue to steal market share from the BIG 4

Soon they will be part of the BIG 4 themselves methinks say 2 years from now

Amazon will soon be number 1 in the BIG 4 same timescale

all IMO

dyor

[loganair] 25/9/2019 09:02

Sainsbury's still had to borrow £1bln to buy Argos.

[rolo7] 25/9/2019 08:55

SBRY brought argos with argos net cash balance?

[buywell3] 25/9/2019 08:49

Outlook

We expect first half underlying profit before tax to reduce by c.GBP50m year on year due to the combined impacts of the phasing of cost savings, unseasonal weather against a strong comparative period last year and higher marketing costs.

[loganair] 25/9/2019 08:48

Per pound of turnover Asda 50% more profitable then Sainsbury's therefore £632mln isn't really that OK.

[loganair] 25/9/2019 08:15

It seems to me buying Argos was not a good deal for Sainsbury's. Being a very low margin business. Once the one time costs of moving Argos' to inside Sainsbury's stores to fill space have been stripped out in the first couple of years, Sainsbury's is left paying the interest on the huge debt they took on in buying Argos.