Sainsbury (j) Share Discussion Threads

[careful] 24/8/2021 17:50

Yore gud at Inglish Dan, aint ya?

[careful] 24/8/2021 16:47

These press guys must make a fortune pumping and dumping.

First you take a huge position, or at least get someone to take one for you.
Second a couple of articles talking about a takeover rumour.
Third dump the lot after the rise.

[bluecash] 24/8/2021 16:00

You obviously didn't 'switch off'. Did you buy though?

[leadersoffice] 24/8/2021 15:55

When I read posts like you've written, I automatically switch off. Infact... id even go a step further and do the opposite and buy more shares in Sainsbury's. Your not some bloody oracle but your certainly one of those ghastly shorters I hope gets burnt to a crisp.

[danvandan] 24/8/2021 15:03

Anyone heeding my words yesterday afternoon and taking profits would be 5% better off now. NY Boy didn't answer ANY of the points I raised but just blustered a load of nonsense. There are many people like that on advfn, who like the sound of their own voice. Tomorrow will be like today here, another 5% down. The fake story placed in the press has worked, smart money has been made. Anyone hoping this will spike again will be disappointed. If you're ahead now, I suggest you take your profit and keep an eye out for the next opportunity.

[montyhedge] 24/8/2021 14:05

The old bid chestnut comes up every now and, smart money buys, get an article in the press, sell into mug buying, works every time.

[spob] 24/8/2021 13:01

If someone does buy this company

I hope they boot out all the directors on day 1


and then boot out all the staff in the Holborn head office

This company needs a fresh new start with a New Head Office and a New board of directors.


Time to get this company moving in the right direction for once and for all

[pjw956] 23/8/2021 21:07

Back in 2007.......there was a pension issue.....and not much has changed since....
...this is what stopped that takeover deal...

Shares in Sainsbury’s fell by up to 1.5 per cent, recovering to close down dp to 549dp yesterday, as investors feared the implications of a big shortfall in the company’s scheme should it be taken private could present a significant hurdle to a deal.

There are concerns a highly leveraged private equity owner, having borrowed large sums to finance a deal, might be unwilling or unable to make further contributions to the scheme. That could prompt the trustees to ask for a big upfront guarantee in the form of cash or assets.

Sainsbury’s, led by Justin King, has two final-salary schemes that have both been closed to new members for several years. They have a total of just over 86,000 members and, as of last October, a deficit of £477million.

That figure rises to about £1billion based on whether or not a buyout takes place, reflecting a move to an investment policy based on bonds, which have provided lower returns than equities. The £3billion figure is based on a worst-case scenario — whereby the company stops paying into the scheme and pensions have to be paid out for up to 60 years.

The consortium has met the trustees but it is understood they have so far not put forward concrete proposals. A source said; “The trustees don’t care who owns the business. The only thing they care about is who is going to pay the pensions in the next 60 years.”

[ny boy] 23/8/2021 17:32

DanVanDan
Member since: 06 Jan 2021

Totally clueless, the worry is too many newcomers in the market, remember the shoe shine boy giving out stock tips before the crash of ‘29

Tread carefully but certainly the supermarket sector is in play, there is a wall of very cheap money looking for cheap U.K. equities, that will keep the market busy but watch out for September/October a serious correction could well be brewing. Stock selection will be key

[chiefbrody] 23/8/2021 16:38

I don't know how many more shares are in issue now, or the debt levels compared to 2007, but i think its highly likely that a new bid wouldn't reach that level now.

[danvandan] 23/8/2021 16:23

I agree anhar. Still untrue bighead. People are always talking up bids. About 40 bids are in this year; an unusually large number, but still most rumours come to nothing.

If you're valuing sbry for its property, there are cheaper ways to buy property. And if you're wondering what retail property is worth, try selling a shopping mall. Personally, I doubt there'll be a bid for sbry. Why should there be? There's little or no profit in the business. The Argos takeover was a waste of money. Yet another expensive add-on that makes no difference to supermarket sales.

I reckon this is a short squeeze, caused by hot money which might well exit very fast after ramping a story successfully in the UK's wonderful free press.

[anhar] 23/8/2021 16:15

I've been following markets for many decades and it is certain that bid talk very rarely materialises into an actual bid. Even if you are correct about this year that is nothing in the long term of market experience.

I'm not saying SBRY can't be taken out, of course it can like any share, it's just that over time the ratio of actual bids to gossip is vanishingly low.

Not that I'm against a bid here, I have a sizeable holding in this share. Just that I've seen it all before, innumerable times in innumerable different shares.

[big7ime] 23/8/2021 16:13

This yr most the bid talk has come true anhar

[s34icknote] 23/8/2021 16:11

Last year !!

[s34icknote] 23/8/2021 16:11

Wow this has doubled of its March lows !!!

[anhar] 23/8/2021 16:07

imperial3: There is no smoke without fire.

As far as the stock market and bid rumours are concerned, that proverb is definitely untrue. Almost all bid talk comes to nothing. That doesn't mean it can't happen here, just that in the overwhelming majority of cases these rumours are entirely false so that no bid emerges.

[dipa11] 23/8/2021 16:04

Cvc capital has been bid for sainsbury 5.82 in 2007After 14 years what should be bidding price?

[big7ime] 23/8/2021 16:03

Ah ok well done.

Why do you think 10bn too much?

[danvandan] 23/8/2021 15:58

I agree on both points.

[big7ime] 23/8/2021 15:55

I hope so, I don’t want it taken out.

[danvandan] 23/8/2021 15:51

A big if. And last time I looked, there isn't much demand for retail property. Property is on the book at SBRY at around £8bn btw. But a short squeeze is definitely what this is about. It might even be all it is.

The people who are earning here are the insiders paying the journalists to hype a share.