Sainsbury (j) Share Discussion Threads

[loganair] 08/7/2019 09:23

In the past 3 years due to his poor management of Sainsbury's, Coupe has overseen a fall in profits, a fall in EPS and a fall in the dividend while in return he has seen a rise in his pay....something sticks there.

[konradpuss] 08/7/2019 09:09

Plenty to see - a slow train crash in my humble if Coupe does not go.

[poikka] 08/7/2019 08:39

Lot of talk here about replacing Coupe, forget it.

Just 0.47% voted against the re-election of Mike Coupe.

And I was NOT one of them.

Nothing to see, move along.

[the grumpy old men] 07/7/2019 19:37

ADVFN INFO

Turnover PS 1,311.75 p
Pre-Tax Profit PS 10.81 p
Retained Profit PS -0.23 p
Cash PS 50.69 p
Net Cash PS -465.60 p
Net Tangible Asset Value PS * 335.18 p
Net Asset Value PS 382.40 p

Seems to have sufficient body mass as long as they not cut into muscle when renovating
those super supermarkets

did i read somewhere that they were undertaking sale and leaseback with some of their shops

[konradpuss] 07/7/2019 19:27

Imperial3, a great question. It is no good saying get rid of Coupe without a view on his replacement. How about Phil Clarke! only joking.

Well I think I would do what Tesco did and mine a company like Unilever or Nestle.

You need somebody that has vision and a skill set probably in marketing to go back to the core of Sainsbury and turn it around. The good thing is it is not overloaded with debt which was the case with Tesco when 'Dave' took over. Plus I guess there is nothing nasty in the accounts.

[imperial3] 07/7/2019 19:00

Who would your replacement be for Coupe?

[konradpuss] 07/7/2019 18:31

As the lawyers I know mostly shop at Waitrose or on line at Ocado I am afraid not much will find its way back to Sainsbury.

Coupe must go.

[stampylong trader] 07/7/2019 18:00

I'd say it is money well spent - it will trickle down to champagne, Porsches, and nice holidays. This is the cycle of money.

[loganair] 07/7/2019 15:31

Sainsbury's finance chief Kevin O'Byrne last week admitted during a frosty shareholder meeting that the £46million spent on merger talks with Asda was 'an awful lot of money'.

The confession came as the company and its chairman Martin Scicluna were forced to repeatedly defend the supermarket chain's strategy and chief executive Mike Coupe's £3.9million pay.

Speaking to an audience of more than 200 – mostly private shareholders – about the £46million outlay, he said: 'In anybody's terms, that's an awful lot of money, I appreciate.'

He said the money was paid to economists, lawyers and consultants planning the deal and working out how to best integrate the two businesses. The preparation of the financing was also costly.

[gswredland] 05/7/2019 19:11

I Agree!Looking to short this if it gets to 225ish

[la forge] 05/7/2019 17:49

ADVFN INFO


Turnover PS 1,311.75 p
Pre-Tax Profit PS 10.81 p
Retained Profit PS -0.23 p
Cash PS 50.69 p
Net Cash PS -465.60 p
Net Tangible Asset Value PS * 335.18 p
Net Asset Value PS 382.40 p

I do not believe 295p is unreasonable although the renovations might well take their toll

In the meantime for me i would avoid totally the retail sector

tend to agree with you chief




DO NOT EXPECT IT TO GO MUCH ABOVE 240p until late 2020 in my opinion

edit stuck in a rut between 200 to 240p

[chiefbrody] 05/7/2019 16:42

295p buyout lol.There was a time when 600p+++ was rumoured.How the mighty have fallen.On balance, probably not worth buying back some shares here.Especially when there are many more FTSE stock trading dirt cheap. And in a better position than Sains.Stick with my few left and reconsider if they get super cheap (only takes a market crash and they will be).

[poikka] 05/7/2019 15:36

Forget JC, he's old news now.

[imperial3] 05/7/2019 15:14

150p predicted by some doomsters here looking most unlikely now.However,If Jeremy were ever to become Prime Minister,then this could well go into reverse,along with nearly everything else.

[s34icknote] 05/7/2019 15:01

Or a bid from us taking it out at 295pSicknote

[s34icknote] 05/7/2019 15:00

My money is on 225p by end of next week , ten times earnings !Sicknote

[poikka] 05/7/2019 13:05

Just 0.47% voted against the re-election of Mike Coupe.

[poikka] 05/7/2019 13:02

Well the share price continues to defy the naysayers, although for how long..

[loganair] 05/7/2019 09:07

When it comes to CEO pay, it's when I sit on your pay committee I'll give you a huge pay rise so when you sit on my pay committee you give me a huge pay rise.

I would like the senior directors pay to be given over to a share holders committee and I would like to see a set of 'Failure Standards' so for example if profits are down by 10% then the senior directors total pay and pension contributions also goes down by 10%. If Margins fall by 20% then the senior directors total pay and pensions contributions also falls by 20%.

If dividends have to be cut by 50%, then the senior directors total pay and pension contributions also go down by 50%.

[robot ic1] 05/7/2019 08:58

Qantas good morning to you, Black gold hammering up

[diku] 05/7/2019 08:53

The entire system is out of sync/distorted...ban the freebie shares given to insiders across the plc casino markets...as for a bonus to be linked to share price performance only...these guys are on super salaries with expenses paid packages, freebie shares, bonuses, private health care, pensions, golden goodbyes etc etc...does anybody know how much time they actually spend in office or out of office company related work compared to time spent on holidays/sick?...

[chiefbrody] 05/7/2019 08:42

Yup. Different world they live in though and it'll never end unless we introduce draconian measures. They cant help themselves. Link his salary to the share price or pay him in shares.Let him feel what its like to be a suffering Sains shareholder (he is of course with the zillions of shares he'll be given).

[ignoble] 05/7/2019 08:37

How can anyone be worth that kind of salary?
Reward success, fair enough...

[loganair] 05/7/2019 07:45

NR - Aldi and Lidl are profitable and are huge companies internationally and therefore have huge buying power.

Unlike the likes of Sainbury's, they have been built from the ground up as discounters and therefore Sainsbury's are unable to compete with them on price so are silly to try and do so.