Sainsbury (j) Share Discussion Threads

[loganair] 03/2/2024 11:25

Clive Black, analyst at investment group Shore Capital, played down the likely impact on the supermarket sector.

‘We do not think it rocks the UK grocery market apple cart,’ he said.

Morrisons is battling the increasingly popular discounters Aldi and Lidl.

Industry data shows that Morrisons’ hold on the grocery market was sliding even further.

Morrisons has once again emerged as one of the worst performing of Britain’s major supermarkets in the wake of its private equity takeover only doing slightly better than Asda, which is also floundering under private equity ownership.

By contrast, Lidl is currently the fastest growing supermarket followed by Aldi then Sainsbury's and Tesco.


Note - Look at Asda going cashless, pay at the pump only at all its petrol stations, therefore also needing less staff, shows how desperate they are to cut costs. I can see Morrisons'/MFG forecourts being next.

[loganair] 03/2/2024 11:18

UK supermarket chain Morrisons has agreed a £2.5 billion deal to sell its 337 petrol forecourts to Motor Fuel Group (MFG).

The proposed transaction – which includes fuel, convenience retail stores attached and ancillary services such as 500 freehold plots of land at the supermarket chain’s locations where “ultra-rapid electric vehicle (EV) [charging] and valeting hubs.

The U.S.-based private equity group Clayton Dubilier & Rice owns both Morrisons and MFG therefore I seems reasonable to me that something fishy is going on here.

[loganair] 02/2/2024 14:56

Asda and Morrisons lose market share over Christmas as Aldi and Lidl's popularity increases.

Asda's market share at 13.7% is now 2% lower then Sainsbury's 15.7% when this time last year was only 0.3% lower.

[blackhorse23] 02/2/2024 11:49

Bought some GNC who is one of food manufacturers for Sainsbury

[pirates4] 02/2/2024 11:20

Would the share buy back include the offering from share save scheme including.

[spob] 02/2/2024 10:53

.
Balance sheet is very weak imo

A share buyback for this company would be insanely stupid

The only beneficiary would be the company collecting fees to do the buyback.

[pirates4] 01/2/2024 10:24

They charge the same price for 10 medium eggs, which used to be 15 eggs. A cut in eggs for the same price as 15.

[loganair] 01/2/2024 10:21

200p = a great buy as too expensive at this price.

[dondee] 01/2/2024 10:01

A great buy now at this price.

[philanderer] 31/1/2024 15:35

All retail falling back this afternoon.

[keyno] 27/1/2024 10:44

loganair: do you go round all these supermarkets with a clipboard? :)

[blackhorse23] 26/1/2024 13:18

https://uk.finance.yahoo.com/news/supermarket-sandwiches-become-more-expensive-135739451.html?guce_referrer=aHR0cHM6Ly90LmNvLw&guce_referrer_sig=AQAAADpF6Kb0phjtZVO90upDK-MOCcR9OWuIeGxbnmMY62gvJ3BjXGSmuQy72Ln13am5c9FUjtR0IFDhJtx6mUUDXq47ZsbOesyhxSbZVbMbWB-Uv-TWCZsHmG2kXZJNIASjqKiC3mhtxsS6TBOaz5esQxx3vnmeJBlpnlny-B4UTHja&guccounter=2

[loganair] 26/1/2024 12:11

I also noticed for the first time, Tesco is charging 15p more for half a dozen brown eggs then for white.


I think the share price is likely to fall towards the 200p level, then they would be a good buy, not at the current level.

[dondee] 26/1/2024 12:08

SBRY is a good buy at this price - the shares not the milk!

[loganair] 26/1/2024 11:31

It seems to me reasonable to say that the vast majority of customers at Iceland have only noticed the 10p reduction in the price of the milk but not noticed the even greater reduction in the amount of milk.

I consider what Iceland have done is both Underhand and Deceiving their customers.

I also consider when the quality of a product or ingredients have been reduced without bring this to the attention of the customer is also Underhand and trying to Deceive the customer.

[philanderer] 26/1/2024 11:04

JPMorgan cuts J Sainsbury price target to 223 (245) pence - 'underweight'

[bountyhunter] 24/1/2024 19:11

Should have gone to Sainsbury's :)

[loganair] 24/1/2024 13:14

The problem I see with Sainsbury's is cutting costs all they seem to work on these days and nothing else.

[spob] 24/1/2024 10:25

Yes but not in the UK.

The difference is a much leaner operation without all of the nonsense and gimmicks, such as online grocery ordering and delivery.

Lidl is focused on what matters.

[loganair] 23/1/2024 19:06

As a supermarket chain, Lidl is about 10 times bigger than Sainsbury's and has all the clout that goes with it.