Sainsbury (j) Share Discussion Threads

[debsdowner] 09/6/2022 09:26

SAINSBURYS on a pe of 7 but with profits set to fall it is dangerous to think this is too cheap.

[spob] 09/6/2022 09:23

The lower the share price the higher the pay for directors


Maybe one day the people who vote at AGM's will actually use their vote.

If it was up to me, 90% of director earnings would be directly proportional to the share price of the company.

There is no better way to align directors with the actual OWNERS of the company.


Institutional investors and pension funds who manage other peoples money have a lot to answer for.

[porsche1945] 09/6/2022 08:39

god just 5 pc above covid lows, what a terminal investment and dividend trap Sainsbury is.

[dipa11] 08/6/2022 16:27

Ex Dividend tomorrow morning 10 pence Good luck

[eriktherock] 08/6/2022 10:48

I just returned from a 20 minute walk to Sainsburys Local to get some cheese, lettuce, cucumber and tomatoes. They had the cheese. Useless.

[dondee] 08/6/2022 09:58

Chiefbrody

In my opinion pretty well all CEO's are vastly overpaid.
I remember reading not too many years ago that some were being paid 30+ times the pay of the lowest employee in the company (usually the cleaner).
Nowadays, many are paid 100+ times that, and bonuses are a whole nother thing as they say.
The greed of some people is staggering.

[dondee] 08/6/2022 09:22

Just a quick "heads up" chaps and ladies.
Today is the last day you can buy SBRY shares and get the 9.90 pence per share dividend.
After 4.30pm today, you will be too late as they go ex-div tomorrow.

[chiefbrody] 07/6/2022 21:37

Just sickening to see a CEO being so hugely rewarded while the share price plummets.What a stitch up.

[cwa1] 07/6/2022 20:22

This Thursday

[gswredland] 07/6/2022 19:57

When is ex divi please CWA?

[krowelet] 07/6/2022 16:15

Agreed and always the chance of an opportunist bid at this low price.

[tuftymatt] 07/6/2022 15:22

Yeah I topped up yesterday at 2.282 so as per normal got my timing wrong!!
I think the Target news stateside wont help our big retailers today.

Still confident that this and Tesco are good places to be in terms of riding out the difficult retail conditions and having a balanced portfolio.

[krowelet] 07/6/2022 15:08

In at 229 yesterday grrr, have been weighing up buying now at 223 for even more divi or wait for xd and a possible larger drop than the divi. Will see where she goes tomorrow so would still be entitled to the dividend.

[cwa1] 07/6/2022 14:56

Taken some at 223p. XD date just around the corner, so definitely further to fall on that.

[muffinhead] 06/6/2022 23:33

<<chiefbrody 25 May '22
Can’t argue with the numbers.

Sentiment and charts is terrible though. Sub 200p it could go.

Somebody take this private. Please.>>


Just about sums it up while others are upset about prawns, going short and Delhi belly

[muffinhead] 06/6/2022 23:14

<<spob
1 Jun '22
Not much chicken in their ready meals I have noticed. Buy a chicken ready meal in Waitrose and there is almost too much chicken.

Sainsbury ready meals mostly water and some rice.>>

Rice and chicken with a sauce is very simple to do yourself, your way. Add some greens, just perfect and economical

[muffinhead] 06/6/2022 23:06

"Simon Robert’s pay packet is 183 times larger than that of the median worker at the supermarket"


So he will pay £1.98 million in tax and NI on £3.8 million

or 727 times the tax and NI paid by the Guardians median worker



He is welcome to the £1.82 million tax home pay. He is a median earner for a FTSE100 company ...(google it)

[spob] 06/6/2022 19:28

Sainsbury’s CEO’s pay triples to £3.8m as firm rejects living wage calls


Supermarket faces vote from investors to pay a living wage to all workers, including contractors


Simon Roberts’s pay packet is 183 times larger than that of the median worker at the supermarket.

Mon 6 Jun 2022


Sainsbury’s has revealed that its chief executive, Simon Roberts, received pay worth £3.8m in the latest financial year even as it rejected calls from big investors for it to pay all workers a living wage.

Roberts’s total pay nearly tripled for the year to March from the £1.3m he received in 2021, when he waived his bonus in light of the coronavirus pandemic, according to figures published in the supermarket’s annual report on Monday.

Sainsbury’s said the £3.8m pay packet – 183 times larger than that of the median worker at the supermarket – represented a like-for-like increase of 31% over the year. That compared with 5.3% pay increases for the staff it directly employs in stores, well below the 9% rate of inflation that is causing a cost of living crisis.

Britain’s second-largest supermarket pays the living wage to its 171,000 direct employees across more than 1,400 stores in the UK, but crucially, it has declined to make its contractors pay the living wage of at least £9.90 an hour outside London or £11.05 in the capital. Outsourcing companies such as Mitie provide essential services such as cleaning and security to the supermarket.

However, Sainsbury’s is facing a vote on 7 July brought by shareholders who are pushing for it to set pay in line with levels set by the Living Wage Foundation, a charity. Leading City investors including HSBC, Legal & General Investment Management and Fidelity International are part of the coalition calling for the living wage.

It will be the first living wage shareholder resolution to be filed at a UK company amid scrutiny of supermarkets, which are among Britain’s largest employers. More than half of the FTSE 100 are among the more than 10,000 accredited living wage employers, but none of the big supermarkets are.

Roberts’s pay for 2022 was slightly lower than the £3.9m received by his predecessor, Mike Coupe, for the 2019 financial year. Coupe was infamously filmed singing We’re in the Money, from the musical 42nd Street, while waiting for an interview.

Roberts also received private medical cover and a cash car allowance of £15,250 – equivalent to three-quarters of the annual wage of a UK employee on the UK living wage, based on a 40-hour working week.

Sainsbury’s highlighted its plans to allocate £500m over two years to lower prices on some items. It argued that lower prices will help customers with the cost of living crisis, although it could also benefit if it gains market share at the expense of rivals.

It added: “We are proud to have invested over £100m in increasing colleague pay, including becoming the first major retailer to pay all store colleagues the living wage.

“For our senior executives, we have removed £100m of Covid-related profit from both the annual bonus and share awards calculations, meaning they are lower than they would otherwise be, reflecting our policy that management pay is strictly aligned with the progress we are making for our customers, colleagues and shareholders.”

[tuftymatt] 06/6/2022 11:24

Thanks for that link 👍🏻

[yellowstoneadvisory] 06/6/2022 09:17

James Collins, IR at Sainsburys presented a full overview on the company, its strategy and the outlook for the coming year at the latest Yellowstone and Sharesoc webinar. The company has come through the last couple of years strongly with significantly reduced debt and a commitment to return more cash to shareholders. Some macro headwinds around but Sainsburys well placed to deal with them

Watch a recording here:

[spob] 01/6/2022 12:54

Not much chicken in their ready meals I have noticed. Buy a chicken ready meal in Waitrose and there is almost too much chicken.

Sainsbury ready meals mostly water and some rice.

They think customers are stupid.

[loganair] 01/6/2022 12:14

Just popped in to Sainsbury's for the first time in a few months and was surprised to see the same size fresh sushi a full £1 more expensive then in Waitrose fresh Sushi.

As for the quality of Sainsbury's broccoli, very poor, very poor indeed, so poor that customers were looking at then putting back where as the quality of broccoli at Waitrose is very good.

[eriktherock] 31/5/2022 16:15

Example of "price hikes" > Frozen prawns 250 grams Jan £2.00, Feb £2.20, March £2.50, April £2.75 currently £3.00. Could this be easily justifiable ? of course not.

[eriktherock] 31/5/2022 16:11

I used to be a shareholder and regular shopper over a few decades. Not anymore due to price hikes. Now it's a short drive to Lidl for big savings against Sadbury's. Also short the stock.

[loganair] 31/5/2022 15:15

"BRC assistant director of food Andrea Martinez-Inchausti said: “Supermarkets are focusing on delivering the best value for their customers in the face of intense inflationary pressures." - No, a public listed supermarket should be focusing on delivering maximum returns to the shareholders as we are the owners of the company and many shareholders need the highest dividend possible as they too face intense inflationary pressures.