Sainsbury (j) Share Discussion Threads

[imperial3] 07/7/2021 12:22

£3 beckoning.

[chiefbrody] 07/7/2021 12:21

Well if most decide to close we're heading up to the nose bleed heights of 300p.

[dipa11] 06/7/2021 18:01

Shorting reduced to 6.44 % today Let see how much time will take for further reduction Good luck long time holder

[quepassa] 06/7/2021 06:40

Today's TU


UPGRADE PROFITS + INCREASE SALES

[loganair] 06/7/2021 06:21

Sainsbury’s could be next, says Shore Capital:

Sainsbury’s is an underappreciated business and is too lowly rated, according to broker Shore Capital.

Analyst Clive Black reiterated his ‘buy’ recommendation on the supermarket, which closed up 2.3%, or 6.2p, at 278p on Monday on the back of positive quarterly results and the bidding war for Morrisons.

Black said the business was ‘underappreciated…by the London stock market’ and that food retailers will benefit from employees continuing to work from home. The analyst said the shares ‘appear too lowly rated to us’ and may also look a bargain to cash-rich private equity groups circling the UK market.

‘International capital, with access to masses of low-cost cash and debt is demonstrably viewing the UK as an attractive investment opportunity,’ he said.

‘If the UK stock market does not perceive such similar value, then other buckets of capital – family offices, high-net-worth individuals, private equity and sovereign wealth funds – can reasonably be expected to pick off more stocks and make very attractive financial returns.’

[quepassa] 05/7/2021 14:35

4,000 trades recorded. Against a smallish 7 million shares traded by 15.35hrs.

Retail is jumping on this one.

Is this potential three-way dog fight going to be the UK first GameStop??



ALL IMO. DYOR.
QP

[dipa11] 05/7/2021 14:07

What will be closing price and reduction of shorting any view

[quepassa] 05/7/2021 10:03

The rapid red downticks show how worried shorters are.

Canute syndrome.

[keyno] 05/7/2021 09:31

T/O - yes please. Please, please, please...............

[quepassa] 05/7/2021 08:41

Three groups now chasing Morrisons.

Only one will be the winner.


Cannot rule out the possibility that the two other contenders will subsequently focus attentions on other sector targets.

Either way, the contest for Morrisons has stimulated interest in an unloved sector where Private Equity sees the great potential for change, adding value and re-purposing of sites.


ALL IMO. DYOR.
QP

[imperial3] 05/7/2021 08:41

Which is encouraging.

[glavey] 05/7/2021 08:35

Perhaps not if you view the long term chart.

[quepassa] 05/7/2021 08:25

And today's big move up on the Sainsbury share price is before the likely stampede by disclosed shorts to close their fast deteriorating positions.

Astonishing that Sainsbury is still the third most heavily shorted stock in the UK with 6.7% short at 2/7/21


For sake of comparison, Morrison was 5.77% short on 20th June and this has tumbled in two weeks to just 1.65% short.


For Sainsbury still to be shorted to the extent of 6.7% is astonishing against this sudden sea-change in back-drop and sector sentiment.


ALL IMO. DYOR.
QP

[quepassa] 05/7/2021 07:15

300p beckons on Sainsbury.


Morrisons 11% Higher on open.


Bear squeeze territory on Sainsbury.


ALL IMO. DYOR.
QP

[solarno lopez] 05/7/2021 07:15

Is this on anyones takeover radar ?

[quepassa] 05/7/2021 06:18

Following the weekend agreed bid by Fortress for Morrisons, Appollo have today confirmed they are evaluating a bid for Morrisons.

Bidding war for Morrisons will boost sector prices.


Soaring values of real estate and the massive real-estate footprint of the big supermarket chains are not to be underestimated for re-purposing potential.


ALL IMO. DYOR.
QP

[loganair] 04/7/2021 16:39

When the stock market opens at 8am on Monday, all eyes will be on Morrisons’ share price as City insiders weigh up the likelihood of a bidding war for the suddenly in-demand supermarket chain.

Over the weekend, executives in at least three groups are thought to have been frantically Zooming financiers, as the battle to buy the Bradford-based supermarket chain intensified.

It emerged that that another American private equity player, Apollo Global Management, had hired Morgan Stanley with a view to mounting a takeover bid of its own.

Despite all the interested parties remaining tight-lipped on Sunday, CD&R, which has the former boss of Tesco, Sir Terry Leahy, as a senior adviser, was said by insiders to have “plenty more petrol in the tank”. It believes that some on the Morrisons board would be more amenable to an increased offer. Under UK stock market rules the rival US investment firm has until 17 July to either make a firm offer or walk away.

It raises the prospect of a three-way battle for the company that until recently was seen as largely unloved by investors, although it remains to be seen whether the other interested groups will top the Fortress-led offer.

[quepassa] 04/7/2021 16:36

Wouldn't like to be short here at tomorrow's open

[chiefbrody] 04/7/2021 13:18

Q1 numbers Tue. Morrisons just about a done deal. Steady ahead. Lets have more parasites close their shorts.

[dipa11] 03/7/2021 13:32

Don't sell your jewel @ cheaper rate to America and any other country Where new business are listing @ billion dollar and ours established company they want cheaper prices?They can't make fool to British company.Shorting reduced the price and then give 30% premium for takeover like morrisonAfter blocking with ASDA merger it is on possible takeover target and shorting are still above 7% directly or indirectly

[quepassa] 03/7/2021 08:25

Sainsbury is still a disclosed 6.7% short.

Posts 21790 and 21791 refer.

[loganair] 29/6/2021 16:49

Blackstone inks $2bn deal for Asda warehouse portfolio.

[quepassa] 25/6/2021 08:15

Article in today's FT about rapid short closing on Morrisons. Page 13.


Will meme buyers soon jump on Sainsbury's like they did on GameStop ??


ALL IMO. DYOR.
QP

[quepassa] 24/6/2021 16:23

Shorts now closing fast and down to 6.7%

Sainsbury edging up.


If they come back with an improved offer for Morrisons, this will boost the whole sector.

We are in Bear Squeeze territory.

Wouldn't like to be short here.

ALL IMO. DYOR.
QP