Sainsbury (j) Share Discussion Threads

[loganair] 28/8/2022 19:59

o14 - 500p seems rather over optimistic to me.

When the stock market crashes I still see Sainsbury falling to circa 150p.

I would really be surprised to see 500p for Sainsbury anytime during the next 10 years, maybe 400p fingers crossed.

[oracle14] 28/8/2022 18:18

I can almost smell a bid coming ….be very surprised to see anything as low as 150 more like 500 still making solid profit’s and huge hidden value imo

[loganair] 26/8/2022 13:45

I doubt a bid will come in because of what has happened with Morrison.

[justiceforthemany] 26/8/2022 13:21

Trading at HALF its book price/NAV.
Yield 6.4%
Supermarkets are raking in huge margins with petrol at the moment.
Higher revenue.

Very cheap pound: USD
Bid could come in at any moment here.
Very vulnerable to a takeover.

[action] 26/8/2022 10:59

Good buy art that price. Next 2 months are crucial as employee share schemes options price on card based on average price.

[loganair] 26/8/2022 10:56

Around 18 months ago, I was poo-pooed when I posted that I thought Sainsbury's low would be around 150p - I'm still very much of the same opinion today.

[action] 26/8/2022 10:52

Year low is 200.9p

[lefrene] 25/8/2022 16:25

loganair, supermarkets are very much a customer facing business, and in the UK we have a culture of seldom complaining but simply taking our business elsewhere. I much prefer the calmer and more honest culture of Sainsbury's to any other supermarket. Morrisons culture has changed since the takeover, their pricing used to be straight forward and honest, now they have become more like Tesco where you have to watch the prices very closely, or else at the till, you can pay more than you were expecting. The last time I used a Tesco I just left the goods on the belt and walked after the third item was rung up at more than advertised. Morrisons are now doing the same. Lidl too is tricky with it's pricing, one has to very carefully check what price applies to what product, but their low prices and motivated staff make up for it.

It's not as simple as just becoming more cut throat, that might work at the shopping by computer level, but it doesn't work in the actual shopping experience, and would likely erode customer loyalty. I notice the Morrisons staff are now less personable than they used to be, plainly they are being squeezed and their goodwill has pretty much evapourated because of it.

Through previously building and owning an employment agency I have seen behind the scenes of most of the supermarkets, and their management styles/cultures, imo Asda and Tesco are the worst, and Sainsbury's and Waitrose the best.

It's a tricky business, but I do notice that Sainsbury's along with the rest of the supermarkets has been cheerfully gouging the public on petrol prices. I recently went past a Sainsbury's with petrol at 174.9p, and a few miles later went past a village garage on a busy B road at 162.9p. I'm quite sure those big supermarkets get a better deal out of the refiners/wholesalers than a village garage can. So that's at least one source of profits helping things along.

[loganair] 25/8/2022 15:42

What I would like to see is Sainsbury putting profits and margins and running a tight economic ship before all else as Sainsbury is a business and not a charity.

[loganair] 25/8/2022 14:44

Over the past 30 years Sainsbury have not known who their core customer base is.

Announcement after announcement they never mention who their core customer base is.

Aldi and Lidl make it very clear who their customer base is, it is customers who have little disposable income, customers where only the price matters, cheap is the important thing rather than value for money or a pleasant shopping experience.

[bend1pa] 25/8/2022 14:32

“We believe we can create significant further value for them and every stakeholder in our business by continuing to focus on value, loyalty and convenience for customers, underpinned by strong capital discipline.”

LOL! All companies come out with that slogan or similar wording, even when their business is in crisis. It's just management-speak BS!

[loganair] 24/8/2022 19:06

Shows around 1993 Sainsbury's share price was over double it is today.

Also around this time they had circa 8% margins.

Just think at one time Sainsbury's had over 22% market share, when today it has around 14% while as every year passes successive CEO's seem not to have a clue on how to stop the continuing rot that is Sainsbury.

[muffinhead] 24/8/2022 19:01

free stock charts from uk.advfn.com

[loganair] 24/8/2022 15:08

Aldi becoming the UK 4th largest supermarket is according to the latest Nielsen figures, not Kantar.

Nielsen also includes M&S which for some unknown reason Kantar does not even though M&S has circa 3.3% grocery market share in the UK.

Aldi’s 5% growth saw its share edge up to 10.3%.

[muffinhead] 24/8/2022 14:58

Just sit on your cash until around 180p

Let shorts test the triple bottom (Sept 2019 --> September 2020) lows and others sell to pay for expenses that can't wait

Current consensus

[dailylarma] 24/8/2022 14:31

Not yet. 1st week Nov.

[spob] 24/8/2022 13:05

In a Few years Food Banks will have a higher market share than Lidl/Aldi.

[loganair] 24/8/2022 13:00

German discounters Aldi and Lidl now account for 16.1% of the total UK grocery market, up from less than 4% in 2008, Aldi and Lidl added a combined 1.8 percentage points of grocery sales over the last 12 month, representing a £2.3bn annual shift in spending.

Conversely, Morrisons has struggled since its £7bn sale last year to US private equity firm Clayton Dubilier & Rice – a deal which only won approval from the competition watchdog in June.

[loganair] 24/8/2022 12:51

Aldi has officially overtaken Morrisons, breaking into the country's 'Big Four' for the first time.

Aldi's surge in market share comes as shoppers across the country have been battling rising prices due to soaring inflation during the cost of living crisis.

Combined with rising prices at the supermarket, households have been making the switch to discounted stores such as Aldi and its rival Lidl to keep their grocery costs down.

The new figures also mean that this is the first time that a discounted chain has entered the UK's 'Big Four' hierarchy, which has usually consisted of Asda, Tesco, Morrisons and Sainsbury's.

[tuftymatt] 24/8/2022 11:46

Based on last year the next ex divi date is going to be around Nov 11th.

[gswredland] 24/8/2022 11:29

Thanks Tufty
Do you happen to know it is ex divi please?

[tuftymatt] 24/8/2022 11:15

No it's just getting whacked like most at the moment.