Sainsbury (j) Share Discussion Threads

[babbler] 23/8/2021 13:56

One of the most shorted shares on the UK market.

[smurfy2001] 23/8/2021 13:38

6% short interest here ouch.

[loganair] 23/8/2021 13:24

When contacted, Sainsbury's declining to comment when to various media outlets today usually means something is brewing.

30% premium from yesterdays close would suggest circa 385p + a sweetener of the Interim dividend of say 3.5p.

[chiefbrody] 23/8/2021 13:03

Can't see 500p myself but certainly won't object! If today's rise holds then I'll be more convinced that something is defo afoot.

[ny boy] 23/8/2021 12:16

more like 500p should multiple suitors emerge, I’ve added another total of 10,000 (IAG) as well

[dipa11] 23/8/2021 12:10

When shorting was increase to 9 % and share price was increased plus steady.That was indication something is going to be happen. Now today increase in the share price clear that picture (Takeover)Good luck to all long time holder

[chiefbrody] 23/8/2021 12:02

What's 10 Billion. About 400p?

[loganair] 23/8/2021 11:52

Sainsbury’s is “undeniably a good target for private equity with a considerable store estate, with the company having more than $10bn (£7.3bn) in property assets”, according to Neil Wilson, chief market analyst at financial trading platform Markets.com.

“The Argos tie-up is another long-term growth lever and provides further scale, while profits are on the up again in the wake of the pandemic, and net debt has come down. It’s hard to beat those reliable cashflows,” said Wilson.

[loganair] 23/8/2021 11:50

Sainsbury's declined to comment when contacted by Sky News.

[chiefbrody] 23/8/2021 11:30

Wowza. Just checked in. Didn't expect this share price reaction. To offload or ride it out. No smoke without fire. Maybe a bit is coming sooner rather than later. Be nice to read about some distressed shorters too soon.

[gadgie2] 23/8/2021 11:04

Sainsbury’s is undeniably a good target for private equity with a considerable store estate, with the company having more than $10bn in property assets – more than its current market cap by decent margin.

[gadgie2] 23/8/2021 10:32

Most sells are actually buy's lol

[itisonlymoney] 23/8/2021 09:44

A pause for breath while the ten percenters take their profits. 5% declared short, so maybe another 5% undeclared. Maybe £700m short against sainsburys. Only about £21m traded so far today. This could be another gamestop, but a big pause right now. Nervous buyers putting stops in perhaps.

[loganair] 23/8/2021 09:44

Is the Sainsbury’s share price (SBRY) about to explode?


The J Sainsbury (LSE: SBRY) share price has performed brilliantly over the last year, rising 57% by last Friday’s close. It’s up another 11% this morning. Could it be about to explode?
Sainsbury’s share price: ready to rocket?

According to headlines over the weekend, private equity group Apollo is taking a closer look at Sainsbury. While this has been referred to as merely “exploratory”, it does suggest that we could be about to see an offer submitted for the FTSE 100 member.

This shouldn’t really come as a surprise given the bidding war that has erupted for fellow listed supermarket Morrisons. Last week, it was revealed that management would be recommending holders accept a 285p per share bid for the company from Clayton, Dubilier & Rice (CD&R). This valued MRW at £7bn, up from the £6.7bn offer received from rival Fortress.

Sainsbury’s attractions aren’t hard to fathom either. For one, the shares still look reasonably valued and, before this morning, changed hands for a little less than 14 times earnings. It’s also got a big property portfolio and currently has the second-largest share of the UK grocery market.

Based on recent news, I think there’s certainly a chance the share price could continue rising — and potentially explode — over the next few weeks. The fact that it’s already up 6% in early trading today is certainly evidence that the market is getting excited over the company’s near-term outlook.

[itisonlymoney] 23/8/2021 09:30

lol. A reaction in seconds. I wouldn't dare short here - too many hedgies trying to get out of their short positions, but the thought is there now...

[itisonlymoney] 23/8/2021 09:24

I like it that some fragile little spaz is giving me the thumbs down. Nice to be read.

[itisonlymoney] 23/8/2021 09:20

Is this the dump starting?

[redoctober5] 23/8/2021 09:20

Trading again. Strange

[redoctober5] 23/8/2021 09:17

Market halted on this stock. Is there a bid?

[neilyb675] 23/8/2021 09:17

long auction at 332

[ny boy] 23/8/2021 09:17

Bids imminent imo

[itisonlymoney] 23/8/2021 09:15

Happily not short. Shorts on fire today here though. Probably a mad scramble to get out. Over 5% short showing on shorttracker.

[babbler] 23/8/2021 09:12

Lol concerted pump and dump. Yeah just lile MRW was right. No way anyone would bid for the supermarket eh? Increase that short.

[babbler] 23/8/2021 09:08

Nice to see shorts running for the hills.

[keyno] 23/8/2021 09:07

They're welcome to it - empty shelves all over the place at the Sainsbury's so-called Superstore but my very local M&S Food Hall is stocked to the rafters.