Sainsbury (j) Share Discussion Threads

[mercer95] 04/5/2020 06:08

Good upbeat posts spob, your parent would be proud, keep up the mediocre work.

[spob] 04/5/2020 05:39

Oh and when the new ceo leaves in about 5-10 years

What's the chance of the share price being higher than it is right now ?


If history is a good guide, that looks like another big fat Zero. Lol

[spob] 04/5/2020 05:12

Coupe will be history soon (4 weeks left)

So what's the chance of the new ceo paying the unpaid dividend?


I'm guessing zero chance

[spob] 04/5/2020 05:05

Transcript of the webcast last week, including questions and answers

[spob] 04/5/2020 04:47

Is it convenient that Sainsbury's are forecasting a profit impact almost identical to the business rates relief ?

Thoughts please ....

[sr2day] 04/5/2020 04:07

150 pence will be the time to buy.

[spob] 04/5/2020 04:01

I wonder will the fuel pumps run dry when everyone goes back to work

because of the huge sudden increase in demand


a bit like a Tsunami when the sea goes out and then comes back again

[spob] 04/5/2020 03:54

Interesting data above (from the final results) showing sales variations in the 9 week period up to April 25

Some of the figures are bouncing around due to seasonal event timings


fuel currently around 70% down on the same time last year

clothing sales over 50% down on average

grocery sales up almost 50% in one week and then down 4% in the next week (i guess due to empty shelves after panic buying)

[1399peter] 02/5/2020 13:16

That might need a bit more work

[ny boy] 02/5/2020 10:05

What like AMgos

[1399peter] 02/5/2020 09:32

If Argos got its act together and started selling better lines or even became a market place like Amazon then Sainsbury's business model could look very different.

Might need a name change as well

[tim 3] 02/5/2020 08:42

Agree exel.

In all honesty buying these is like swimming against the tide imo.

Competition from discounters, costs of online, increased labour costs and a huge estate of ageing large superstores which cost a fortune to maintain at a time when customers are increasingly moving away from large weekly shops that these were built for and this for me really is the crux of the problem no matter how well they do in other areas a small reduction in sales in these shops has such a big effect on profits, these issues mean however good the management is they will have all on just to stand still.

[exel] 02/5/2020 07:29

In and out over the years, I've tried and failed to make the long term case for SBRY. In essence, they have circa £5bn of assets and work 'damned hard' to turn £30bn of costs into £30bn of income, while (now) paying no dividend. Competition is 'everywhere'. Price pressures abound. CV is a total pain for them, and for all like-placed retail organisations, whether 'essentials' or not. Increased cost of working? Ouch! I just don't see this stock as remotely investable, until they can make a sustainable profit and pay a modest dividend. Even then?

[ny boy] 30/4/2020 19:11

Current shameful management should read the following and learn what it means to run a successful PLC. They really should hang their heads in shame for the current position of a once very successful PLC

Simon Sainsbury must be turning in his grave, if only he could return to sort this shower out!

Simon Sainsbury later said, "we were all fired by the ambition to run it better than it had ever been run before." They succeeded. By the time his elder brother retired as chairman in 1992, the company had a turnover of £9.2bn.

Simon Sainsbury was part of a remarkable fourth generation that transformed a medium-sized family business, based in the South-East of England, into a public company that became the most profitable retailer in Britain.

[muffinhead] 30/4/2020 14:15

As it's the month end and corona madness season

Its been a long structural bear market.... cyclical magic can happen with a new CEO

[pierre oreilly] 30/4/2020 13:26

c&p from official rns



Proposed final dividend 0 7.9p -
----------- ----------- ---------
Proposed full year dividend 3.3p 11.0p (70)%


If the divi is 'deferred' (as they say), then that is the same as not declaring a divi at this time, which is the time the final divi is declared. As above, final this year is zero at the moment, full year 3.3 (which means the interim was 3.3). Basically, the final is gone, and the very best to hope for, although pretty much zero chance imv, is some sort of special later on.

The uncertainty they have created by saying the divi is 'deferred' is even worse than simply clarifying there'll be no final this year. imv.

[mercer95] 30/4/2020 12:58

No offence Porsche but I’ll wait for the official confirmation from a more reliable source than a free trading message board, until than it’s been DEFERRED IMO

[porsche1945] 30/4/2020 12:43

@mercer

Bleve me, it’s cancelled, and will be rebased lower after, Sainsbury’s dying a death for years, and stuff the “ bad press “, the scumbag press will get over it, good that even a basket case like Tesco looked after their shareholders, who are the most important, as they are the OWNERS. If the rates rebate a problem, don’t accept it and operate the dividend normally.

[kazuko] 30/4/2020 12:38

Tried to sell at 2.08 yesterday afternoon but the Halifax Share dealing site crashed! Don't know whats the worst Sainsburys or Halifax share dealing ....?

[muffinhead] 30/4/2020 12:23

Nope!... it's cancelled, its official

"deferred" = Coupe BS
There has been non-lease net debt reduction of GBP343 million.... but something else on balance sheet has gone puff because net assets on balance sheet roughly flat from last year.

Need to sort their website for investors... not working at moment

[mercer95] 30/4/2020 11:51

The dividend hasn’t been cancelled,Sainsbury’s are trying to avoid the bad press Tesco received recently regarding their divi payout IMO Back over 200p by this weeks end I reckon.

[porsche1945] 30/4/2020 11:49

Dumped out of these a while ago thank god, uk pretty much uninvestable, Brexit fiasco trashing sterling and flatlining the economy and now this, i short the ftse350 and invest in the S&P, U.K. and the likes of Sainsbury’s are toast. U.K. has even managed to make a hash out of covid response. Pathetic self harming mess of a government.

[tim 3] 30/4/2020 11:00

Good comments today.

Without a divi can see little reason to own they will have all on standing still let alone growing.IMO