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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Sainsbury (j) Plc | SBRY | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -11.40 | -4.25% | 256.60 | 16:35:24 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 263.20 | 254.60 | 266.40 | 256.60 | 268.00 |
| Industry Sector |
|---|
| FOOD & DRUG RETAILERS |
| Top Posts |
|---|
Posted at 22/4/2024 22:00 by loganair Jefferies upgraded its stance on a host of UK retail stocks on Monday - Marks & Spencer, Next and Sainsbury's were all upgraded to 'buy' from 'hold'.On Sainsbury's, the bank said fears around an excess capex burden limiting free cash flow upside have provoked intense investor concern since the capital markets day in February. "We believe this overstates the risks and overlooks the positives emerging from the most supportive competitive backdrop in UK grocery in decades," it said. "SBRY in particular have outlined a multi-pronged approach to capitalising on this situation. As we noted after the CMD, the plan is to enable margin expansion through volume growth and opex control. "All of which offer substantial upside to FCF, which we see at a cumulative £1.8bn over the next three years versus guidance for 'at least £1.6bn'." Jefferies has a 300p price target on the shares. |
Posted at 22/4/2024 15:47 by pirates4 I want to optimistic here, the way the economy is back on the move, sainsburys is outperforming rivals . Its quite possible to trend upwards at this moment in time, could be a eye-catcher for investors to hold for long term.jmo. and d.y.o.r comes with risks. |
Posted at 28/3/2024 06:27 by unastubbs The TimesInvestors looking to pile their baskets high could do worse than consider shopping for Sainsbury’s, analysts at UBS have decided. The Swiss bank upgraded the supermarket to “buy” after concluding it was cheaper than Tesco. UBS said that Sainsbury’s had been consistently increasing its prices at a lower rate than its peers. Last month Sainsbury’s, which is Britain’s second-biggest supermarket with a 15.2 per cent market share, set a new cost savings target of £1 billion over the next three years. Sainsbury’s believes this will boost returns for its shareholders and UBS is in agreement, as the bank lifted its earnings forecast for the supermarket. Sainsbury’s pledged to shareholders that investments in technology and automation would improve its efficiency. UBS believes this will drive an increase in profit margins and thinks the supermarket will report underlying profits ahead of market consensus in its annual results. Analysts at UBS said the market had not taken into account the cash returns produced by Sainsbury’s and its margin recovery over the past few years. The bullish note boosted shares in the supermarket, which ended the day up 9½p, or 3.6 per cent, to 272p |
Posted at 04/2/2024 10:08 by loganair Interesting what is being said about Morrison's...."The ultimate goal is clearly to restore the profitability and dividends for the company's private sector investors. Forecourts, city centre convenience stores and acting as wholesaler operators of smaller stores is part of the plan. But the ultimate goal must be to fatten up Morrison's for an eventual return to listed markets." So far the private equity owners have sold and leases back Morrison's Manufacturing, warehouses and distribution centres and is about to sell all its petrol forecourts and freehold of their EV charging areas. Then like with Debenhams or Woolworths after asset stripping, pay a couple of years of huge dividends to its private equity owners via taking on more debt then guess what relist Morrison's. |
Posted at 16/12/2023 15:27 by loganair The Fidelity article makes no sense to me.1. Food inflation 9.1% - Sales growth 6.3% = less stuff being sold. 2. 28.4% sales made on promotion = less profit. 3. Sainsbury's are gaining market share - usually this comes at the expense of margins and therefore at the expense of profits. Therefore it seems to me reasonable to say Fidelity are incorrect when they say this proves highly profitable for the major supermarket. Always important to remember, Fidelity are in it for themselves, therefore they write articles in the hope that the private retail investor will invest some of their hard earned cash via investments in Fidelity products. |
Posted at 06/12/2023 15:37 by loganair Sadly these analyst rating and price targets are all but worthless as their motive is to do what is best for the financial house they work for and are usually working against the small retail investor - cheap lot of spoilers the lot of them. |
Posted at 18/11/2023 13:09 by anhar Skinny: Some of the Sainsbury's offers are getting slightly ridiculous, with 'proper prices' being fairy tale...Tesco has long been like that where the loyalty card prices on many products are lower than the stated full amount. But considering that the great majority of Tesco shoppers will be cardholders anyway, for them the card price is the real price and the ostensible discount to some higher figure that they'll never have to pay is just a marketing gimmick of no benefit. Incidentally I don't belong to that school of investors who base their decision on personal experience of the company, especially retailers and their local store. Imo this is likely to be very misleading so for me it's all about the numbers, the fundamentals, not whether I might prefer SBRY sausages to TSCO ones etc. |
Posted at 07/11/2023 21:17 by spob UK grocery inflation falls to single digits for first time in 16 months, data showsKantar’s figures suggest official statistics will be lower when published next week Valentina Romei UK grocery inflation has slowed to single digits for the first time in 16 months, according to sector data that will add to hopes of food prices normalising in the coming months after a long run of sharp increases for households. The annual rate of supermarket price rises was 9.7 per cent in the four weeks to October 29, research company Kantar said on Tuesday, down from 11 per cent in September and well below the all-time peak of 17.5 per cent in March. Tuesday’s reading, the first in single digits since July 2022, suggests that next week’s official food inflation figure will decline further, which would help bring down overall inflation and support real incomes. This would be welcomed by policymakers as they seek to lower price growth from 6.7 per cent now to the 2 per cent target, and could ease pressure on the Bank of England to keep interest rates high for a prolonged period. Last month, the Office for National Statistics said price growth of food and non-alcoholic beverages was 12.1 per cent in September, down from a 45-year high of 19.2 per cent in March. Wholesale food prices soared in the summer of 2022 following Russia’s invasion of Ukraine, hitting the poorest households hardest. Last week, separate unofficial data showed UK shop price growth also eased to the lowest rate in more than a year. Fraser McKevitt, Kantar’s head of retail and consumer insight, said the end of double-digit growth in grocery price inflation marked a “big milestone for the British public and retailers”. But he cautioned that households were still “feeling the pinch” because of annual price falls in only a limited number of big categories including butter, dried pasta and milk. Consumers were continuing to increase their purchases of supermarkets’ own-label products, rather than branded goods, and to favour cheaper retailers, according to Kantar. It said discounters Lidl and Aldi registered the fastest annual sales growth of 14.7 per cent and 13.2 per cent respectively compared with 7.9 per cent across the grocery sector. Supermarkets, meanwhile, continued to try to soften the blow for shoppers, with the proportion of sales through deals increasing at every grocer compared with last year — something that has happened only once in the past decade. Myron Jobson, senior personal finance analyst at the investment platform Interactive Investor, said: “Britons have been force-fed a diet of higher costs for basic necessities for a prolonged period and the fact that we’re seeing some easing in food inflation is really important for shoppers.” Separate data on Tuesday from the British Retail Consortium, a trade body, and payments company Barclays showed a slowdown in the annual rate of retail sales and consumer spending to well below inflation, indicating that households were cutting back on purchases. |
Posted at 02/11/2023 12:55 by anhar Decent half year results today:...we also expect the strength of our volume performance to result in underlying profit before tax in FY2023/24 of between GBP670 million and GBP700 million, the upper half of our previous guidance range, and retail free cash flow of at least GBP600 million, higher than our previous guidance of at least GBP500 million... Interim divi held at 3.9p. I'm an income investor so this is of particular importance to me. xd 09 Nov pd 15 Dec |
Posted at 03/2/2023 18:11 by loganair Bestway is no longer a wholesaler. It’s an activist investor… in Sainsbury’s - By Adam Leyland:It’s easy to dismiss Bestway’s £250m “investment But this is no passive investment, relying on the Sainsbury’s management to boost the Pervez-Choudrey-Shei Bestway is “looking forward to supporting the executive management team”. That means altering the Sainsbury’s strategy, and with a view to bolstering the fortunes of Bestway in a far broader sense than shares alone. Sainsbury’s, of course, pulled out of its fledgling wholesale supply deal to focus on “food first”. But teaming up with other Sainsbury’s investors like Daniel Kretinsky and the Qatar Investment Authority, Bestway could form a powerful lobby for change, putting pressure on the Sainsbury’s board to do “a Tesco-Booker”. That deal achieved £200m of synergies, and who’s to say the combination of the Well pharmacy, retail franchise arm, combined buying capabilities, a strong property portfolio and better cash discipline couldn’t do something similar? With a paper deal for a 10%-15% stake, Sainsbury’s wouldn’t even have to hand over any cash. So Sainsbury’s would remain a public company but controlled by Bestway and other non-execs. Smart, eh? |
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