Sainsbury (j) Share Discussion Threads

[dexdringle] 10/9/2020 08:49

Regarding National Debt of £2 trillion. This is our debt. All of us. Whether we like it or not. The government has kindly accrued it on our behalf.

The good news is that private wealth, NET OF PERSONAL DEBT, is £14 trillion (roughly £6tn pensions, £5tn [net of mortgages] property equity, £2tn savings and investments, £1tn other assets). So if we each calculate our own personal net wealth (including pensions) and pay 15$ of that across to government, the national debt will be clear.

My net wealth is £500k. So I have to pay £75k to clear my part. Painful but job done.

[loganair] 10/9/2020 08:39

Asda named the cheapest supermarket as Tesco ranked more expensive than Waitrose, Sainsbury's and Morrisons.

Tesco was the most expensive supermarket to shop at in August, with Ocado proving the priciest online grocery retailer.

"It is interesting to see however, that Tesco has now become more expensive to shop with than Ocado and Waitrose."

Included in the government's 'shopping basket' are items such as eggs, milk and bread, as well as non-perishables like pasta, rice and cereal.

The full breakdown of supermarkets' average basket costs from lowest to highest over the four-week period in August were as follows:

1. ASDA - £130.16

2. Iceland - £134.49

3. Waitrose - £138.86

4. Sainsbury's - £139.51

5. Morrisons - £145.74

6. Ocado - £147.93

7. Tesco - £148.98

[netcurtains] 10/9/2020 08:09

buywell3: I doubt debt will be a problem otherwise the entire GLOBE will go bust...
It is weird, there appears to be more debt (a lot more) then credit in the globe.

Who has all the money? Answer no one.

[buywell3] 10/9/2020 08:07

DEBT

Will be the problem in 2021

Even for banks that themselves will have a struggle to survive on their hands

imo dyor

[netcurtains] 10/9/2020 08:04

thanks s34icknote: So Morrisons pulling us down. I suspect negative sentiment for a couple of days.
I might buy again on MONDAY (see how it goes)

[s34icknote] 10/9/2020 07:28

Mrw figures out .May be why this dropped .Two 500 k buys ?

[netcurtains] 10/9/2020 06:54

This looks like it really should have a trading range around 230p (until new news)....
Price therefore looks oversold .
this is not taking into account the good NAV figures on the balance sheet which imply
a price much higher than 230p.

[netcurtains] 09/9/2020 14:01

Looks like Sainsbury are doing well in the "Back to School" market.

[s34icknote] 09/9/2020 12:59

Another safe area net .I'm also on Dnl and dddd .They are taking a breather with RG selling down .Another recession proof sector but only if the companies perform . Peeps will always need medicine ! And treatments !

[netcurtains] 09/9/2020 08:35

s34icknote: My pearsons shares (FTSE100 internet education company - main market USA and UK) have been having a little bull run over past few days. Not sure how long it will last.

I think its linked to "successful" back to school for the nation (successful in that its happened).

[netcurtains] 09/9/2020 07:51

s34icknote: We seem to be doing OK - I still think DIY is an area that should have a good Christmas.

[s34icknote] 09/9/2020 07:48

In volatile markets supermarkets are seen as safe havens !

[s34icknote] 09/9/2020 07:31

This win and aviva my safe picks !!!

[netcurtains] 09/9/2020 06:56

FTSE futures down too..... But who knows - FTSE funny old beast....

[cl0ckw0rk0range] 09/9/2020 06:23

Something wrong with this guy

[netcurtains] 08/9/2020 15:58

Nice finish!

[netcurtains] 08/9/2020 13:52

RSI of sainsburys picking up

[netcurtains] 08/9/2020 08:20

s34icknote: you were right about Travis PErkins! I should have sold yesterday. Oh well. Ashtead did OK though.

[netcurtains] 08/9/2020 06:31

buywell3: True but there is also an asset to market cap ratio which is very low.
Take your pick.
Profits can go up as well as down.

[buywell3] 08/9/2020 06:12

PE Ratio 31.96

[netcurtains] 07/9/2020 16:20

s34icknote: DIY "boom" is probably here to stay as people will be working from home for foreseeable future.

Weirdly the driver for DIY is also the same driver for increase grocery shopping. More people working from home means less lunches being bought in small urban cafes and more food being bought at Sainsburys.

[s34icknote] 07/9/2020 12:45

No doubt there is a mini boom going on in diy at home .the commercial fit out world that has stopped !The question is really how long it will last ?