Sainsbury (j) Share Discussion Threads

[loganair] 01/9/2022 10:34

I see the share price bounced off the 200p level. If breaks I can easily see the share price falling to 180p in rather quick order, then 150p from there.

[unastubbs] 01/9/2022 10:32

i'm thinking about asking management to find other jobs...

[action] 01/9/2022 10:21

If they ask too much management will ask them to find another job.

[rolo7] 31/8/2022 21:20

John Lewis and Waitrose staff get food at work Oct to jan

[loganair] 31/8/2022 14:50

I understand since the year 2000, the average worker in the UK, in real terms has had a 25% pay cut.

[unastubbs] 31/8/2022 06:07

logan, you are turning in to victor meldrew. fight it.

[loganair] 30/8/2022 12:38

Just for info....

Today, Tuesday 30th August 2022, I've just returned from my local Tesco and I couldn't hardly believe my eyes...

One product I buy on a regular basis has increased in price by over 100% compared to last week. What was stupid on Tesco's part was they have stocked the same number of items as usual, however none have sold.

A second product I buy has increased 40% compared to last week while over the past 1 year has risen in price by 65%.


I posted on Friday 27th August....

In my local Tesco, prices up 30% on a good number of items over the past couple of weeks and compared to the start of the year a good number of items are up 50%.

I've also noticed a reduction in the number of yellow club card offers over the past couple of weeks. I would say at least 25% less than this time last month.

[unastubbs] 30/8/2022 12:17

was hoping to get in under £2 today, that's been nixed!

[loganair] 29/8/2022 08:47

The problem with any retailer turning their thermostat down during the winter to save on their energy bills is it becomes a staff welfare problem.

[rolo7] 29/8/2022 01:56

What about the hike in energy bills now it's fixed costs have become variable and out of sbry control, don't invest in the unknowns?

[loganair] 28/8/2022 20:59

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 19:18

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 14:45

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

[justiceforthemany] 26/8/2022 14:21

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 11:59

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 11:56

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 11:52

Year low is 200.9p

[lefrene] 25/8/2022 17:25

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 16:42

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 15:44

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 15:32

“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 20:06

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.