Sainsbury (j) Share Discussion Threads

[philanderer] 19/11/2024 12:26

RBC starts J Sainsbury with 'outperform' - price target 300 pence

[spob] 11/11/2024 16:52

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12 month closing low

[philanderer] 11/11/2024 15:37

Hard sell off for SBRY and MKS again today . TSCO seems relatively unaffected.

[loganair] 11/11/2024 14:36

See why QIA further reduced their stake in Sainburys not so long ago.

Maybe better if us retail investors had followed suit.

[tyroneshares] 11/11/2024 14:33

I think Roberts should have kept his mouth zipped as his comments have severely damaged the share price

[wololol] 11/11/2024 13:37

Go Ocado all online. Future will be online faster now. Who enjoys going to a supermarket prison

[action] 11/11/2024 12:15

Only positive for sainsbury you load your groceries while you shop but not with lidl.

[action] 11/11/2024 12:13

Can't beat self check out at lidl

[supercity] 11/11/2024 12:09

Correct on the national insurance grab - the labour government are so short sighted they can't see that businesses will either pass the costs on to the consumer (inflation goes up) or reduce staff to absorb the costs (unemployment goes up).So now retail prices will rise to cover the cost - giving us (the consumer) even less money in our pockets.Exactly the same will happen with the minimum wage increase...companies will reduce staffing levels.

[tburns] 11/11/2024 10:17

In the 6month results released last week, I am sure that Simon Roberts said that expected profit after tax etc will be £137M. Did he not also say that the expected additional NI and Tax bill from the budget changes would be £140! Gulp! On that basis prices will need to go up across the board I would have thought, impossible to absorb and all projected profit would be swallowed up!

[philanderer] 09/11/2024 00:36

More than £1bn wiped off shops and pubs as jobs tax raid looms

[loganair] 08/11/2024 13:02

sawney - Sainburys have the highest percentage of leased stores out of the top 6 supermarket chains.

[nick rubens] 08/11/2024 12:39

The reality of Labour's Tax on businesses is that it will filter down to the ordinary person to pay it.
Hence Sainsbury's warning of the consequences and also the BofE spoke on inflation pressure from this policy.

10 year uk gilt yields went up signalling longer term rates to remain higher as a consequence, but Labour DO NO CARE of the consequence of this or farmers being ruined or potential upcoming old age cold winter deaths. They are busy feathering their own nests.

[sawney] 08/11/2024 10:17

Do Sainsburys own their stores...?...or are they leased..?

[tburns] 08/11/2024 08:28

Fair play spob, all rational reasons to say what you say, appreciated.

[spob] 07/11/2024 19:52

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This woeful performance coincides with the Sainsbury family stepping aside from the day to day running of the company.

Another example was Morrisons. A great company until the day Ken Morrison took a back seat. Now a total shambles.

[spob] 07/11/2024 19:45

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Look at Next, run by Lord Wolfson

Even if you didn't know the Next share price. You could tell by reading the annual reports that Lord Wolfson is 100% focused on delivering returns for shareholders.

Another example is Ryanair, run my Michael O'Leary.

[spob] 07/11/2024 18:34

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maybe you haven't noticed

the share price doesn't make any progress in 30 or 40 years

it certainly looks like the company is not working in the interests of shareholders

[philanderer] 07/11/2024 17:48

Higher employers' national insurance contributions to cost Sainsbury's £140m and cause inflation to rise - CEO Simon Roberts says


It's "too early to be specific" about the impact on Sainsbury's workforce but "difficult decisions" will have to be made in response to rising costs, its chief executive said.

[philanderer] 07/11/2024 17:42

Sainsbury fell 4.1% after a slightly weaker-than-expected first half print.

Underlying retail earnings before interest and tax of £503 million was below the company compiled consensus of £516 million.

‘There are small signs of progress in Sainsbury’s non-food operations after a troublesome first quarter, yet the company is still walking on a tightrope rather than sprinting on the field,’ commented AJ Bell’s Russ Mould.

[philanderer] 07/11/2024 16:58

Well that was an awful day.

[tburns] 07/11/2024 15:08

spob sounds like he is seriously upset with Sainoes for some reason, goes way beyond investment it reads to me!

[bountyhunter] 07/11/2024 13:35

I've added today's dividend info at the end of the header.