Sainsbury (j) Share Discussion Threads

[loganair] 11/7/2019 09:35

Much of the money to pay for the Argos take over came from Sainsbury's bank which means Sainsbury's lent themselves the money to buy Argos.

[poikka] 11/7/2019 09:31

I see that Tesco Bank's had its rating improved after flogging their mortgage business. Anyone know what Sbry's bank rating is? Actually, can check myself.

[robot ic1] 10/7/2019 10:14

Qantas good morning black gold hammering up .including solid gold .

Even more so when we get out of the EU club, go into recession and ,interest rates rise.

[loganair] 09/7/2019 12:10

Manchester is the London of the North.

[imperial3] 09/7/2019 12:05

loganair.

What is wrong with Manchester?

[robot ic1] 09/7/2019 09:48

Qantas good morning , black gold liquid hammering up

[loganair] 09/7/2019 09:16

As I posted on the M&S thread. The nearest airport to my local M&S, over 60% of the flights are Flybe. Earlier in the year when M&S luggage came in, a huge display at the entrance to the shop the first thing I noticed none of the hand luggage was Flybe size...which idiot thought of that.

I've noticed how the companies that are perfoming poorly in the FTSE 100 and FTSE 250 have poor management, making poor managment decisions.

[loganair] 09/7/2019 09:06

If I was in Coupe's shoes I would be restructuring Sainsbury's to run at 25% less cost then it does today, especially how Sainsbury's is run behind the scenes.


As I've mentioned a few times on this thread, I was chatting to a lady who shops at the most Northely Sainsbury's that sell TU clothing. When she popped in, Sainsburys already had there Summer clothing in and she pointed out to the manger that where she lives there was still snow.

Like most UK chain stores they tend to run them as though all their shops and shoppers live in London and the Home Counties. This is why head offices could do with moving out of London to somewhere in the middle of the UK, anywhere except Manchester. The British Government and Civli Service could do with doing the same, maybe Liverpool or Leeds or even Sheffield...

[waldron] 09/7/2019 08:27

ENJOY YOUR QUICK NIP UP THE MOUNTAIN

i guess youll br going to Casino AND tHE cASINO

TAKE CARE

[alphorn] 09/7/2019 08:24

Waldron - off to Divonne today for that reason! ;)

[spob] 09/7/2019 00:00

If you had a ceo like that running SBRY for the last 30 years, shareholders would be so much better off imo

[spob] 08/7/2019 23:56

I think it is chief executives who feel the need to make their mark and keep changing things that do the most damage.

I just want someone to clock in, do nothing at all every day and then clock off and go home.


I would pay good money for that :)

[buywell3] 08/7/2019 14:44

180p this time down IMO

dyor

[loganair] 08/7/2019 13:29

It seems to me, out of the top 10 supermarkets, Sainsbury's has gone from being one of the highest margins to the lowerst margins.

Saisnburys margins seem to be getting weaker and weaker as the months go by.

Interesting to hear that the UK has the lowest price of food out of any EU country and us Brit's are still complaining that food is expensive in Britian when actually it is dirt cheap.

[loganair] 08/7/2019 13:25

Here’s why the Sainsbury’s share price scares me, and why I’m steering clear by G A Chester:


I’d be off my trolley to buy Sainsbury’s

Sainsbury’s shares rallied to over 340p last year after it announced it had agreed a merger with Asda, subject to approval by the Competition and Markets Authority (CMA). However, they soon turned south on increasing fears the CMA would kibosh the deal. The fears proved well-founded, with confirmation the merger had been blocked coming in April this year.

Annual results a few days later and a trading update last week have done little to revive market appetite for Sainsbury’s shares — currently 205p — although my colleague Karl Loomes reckons the price is now low enough to excite his interest. Personally, I see Sainsbury’s as a weak player in a tough market, and a company whose earnings outlook is deteriorating.

At the time of the results on 1 May, management made no comment on the then-consensus forecast of £652m pre-tax profit for the current year. But analysts at Barclays noted pointedly that management “is aware it would need to say something if this was plainly unachievable.”

Just two months on, and an updated (28 June) pre-tax-profit consensus forecast, published on Sainsbury’s corporate website, is £20m lower at £632m. Keep an eye on that analyst consensus page through the rest of the year. I suspect you may enjoy an object lesson in how struggling companies manage down ‘market expectations’. It could be a more profitable exercise than buying the shares at what I think is only a chimerical current P/E of 9.5 and dividend yield of 5.2%.

[tim 3] 08/7/2019 11:39

Agree about Argos it made very good sense to me Sainsburys including Argos is now the closest and often cheapest place for me to get thousands of items usually the same day.I sometimes wonder if it gave him to much confidence resulting in the Asda bid though as most people thought it was at best highly optimistic.

[poikka] 08/7/2019 10:24

That was a rubbish comment on my part. Of course, discounters are only part of the problem, the big problem was that they took their eye off the ball with regard to the stores - appearance and customer service, to a degree, were neglected.

But having seen what they are doing to get back on track gives me confidence to hold. Not only that, but I have added recently - hence the share price rise, lol!

I thought that the Argos deal was good and made sense, and still do think so. Asda would have been an even better fit for in-store Argos.

[robot ic1] 08/7/2019 10:07

Qantas good morning , black gold liquid hammering up

[poikka] 08/7/2019 10:01

Ever heard of the discounters?

[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.