Sainsbury (j) Share Discussion Threads

[jenniferzz] 23/5/2020 17:53

Lazy question but perhaps you can help ?

What is the NMS for SBRY please ?

[poikka] 22/5/2020 17:00

After being a shareholder for a few years, I'm now nearly out of it. Can't put my finger on it, unfortunately, but probably the sum of influences - and just dull.

[albert3591] 20/5/2020 14:07

Sainsbury’s far to expensive,no wonder queues aren’t to long to get in their stores,their cream doughnuts are to die for but can’t get them at the moment.£1.50 for one but worth it.

[eriktherock] 20/5/2020 10:20

So targets 160 > 130 and, from the weekly, 106 (338-222=116) (222-116=t106)

[eriktherock] 20/5/2020 10:08

(220-190=30) (190-30=target 160) & (220-175=45) (175-45=target 130)

[eriktherock] 14/5/2020 11:53

NY Boy, based on my recent experiences at my local store ie making customers unnecessarily queue outside, repetitive pa announcements about safety measures, not implementing safety measures, penalizing cash paying customers etc. I couldn't agree more.

[eriktherock] 14/5/2020 08:08

The sure and profitable trade is still short SBRY & Long TSCO

[ny boy] 14/5/2020 08:00

This has got to be the dullest stock in the World!
Kick the management out and hire some creative youngsters

[albert3591] 13/5/2020 15:00

Tesco up,Morrison’s up,Sainsbury’s down.It will be reversed tomorrow

[wynmck] 13/5/2020 11:03

UBS ups tgt price to 250

[tim 3] 12/5/2020 19:37

Might do the same, some Sainsburys stores seem to be really struggling.

[spob] 12/5/2020 19:19

I've switched to Tesco until things get back to normal

found a large Tesco near me that opens at 6am.

Straight in every morning. Brilliant


no waiting until 8am like Sainsbury

or waiting for elderly or NHS to go first

no queuing for 45 minutes in the car park, getting soaked in the rain or sunburnt when it's sunny

[tim 3] 12/5/2020 18:29

Hernardo2 Had a similar experience in Sainsburys today despite being past 6 still had to queue shop really quiet inside took nearly an hour to buy a few things then queues at checkout and some of the out of stocks are available in local convenience which is where I will be shopping where ever possible till this is over. Must also be costing them a fortune installing all these protective shields.

[ny boy] 12/5/2020 07:14

Time these went up to 250p, I feel an urge for a surge!

[hernando2] 11/5/2020 08:48

I went shopping in a supermarket for the first time since lockdown, it was Waitrose but i think this will apply more or less to all.

there was great SD trollies aniseed between each use, very clear markings in the store, queuing very well regulated by customers and staff.

But and it's a big but, in the VEG aisle which is where you go in the door, there was three customers, and as one moved to the next aisle it coincided with a new customer coming in.

Now when i went before lockdown, 8 people in the area and i would say v quiet, 10-12 quiet 15/18 normal 25 busy 30 its a zoo.

They are bombed out with Deliveries and click and collect..and these orders will be much higher spend than a visit i would imagine ( but quite a bit of that will be forward buying)

I can't see revenue getting back to pre -lockdown without some significant shift from how the supermarkets are operating currently.

All my neighbours young and old are getting deliveries from the local shops, fruit and veg, bread, meat etc.and i think many of them will stay loyal to those small entities who have done us well.

Just an anecdote..but might be a common experience.

[spob] 04/5/2020 22:26

I wouldnt pay too much attention to debt to equity tbh

better to look at something like debt to free cash flow

[muffinhead] 04/5/2020 11:47

Putting all those leases on the balance sheet (IFRS 16) is really quite revealing

Here are the advfn numbers

Sainsburys
Debt to equity excluding intangibles = 4.19
(similar to having a £419k house morgage on a house worth only £100k)
Return on equity = 1.96%
High risk!

Tescos
Debt to equity excluding intangibles = 81.24
(similar to having a £8124k morgage for a house worth only £100k)
Return on equity = 7.31%
Don't even bother looking at cashflow... company would have been sunk without the Thailand sale)
High risk

Morrisons
Debt to equity excluding intangibles = 0.93
(similar to having a £93k morgage for a house worth only £100k)
Return on equity = 7.66%
Yep, it's probably grim up north but the dividend is twice covered and the balance sheet is acceptible

[loganair] 04/5/2020 11:17

It’s a mistake to assume coronavirus is an out-and-out tailwind for supermarkets,” said Hargreaves Lansdown analyst Sophie Lund-Yates. “The outbreak has temporarily pushed customers down grocery aisles, and away from things like clothing and general merchandise. In the fullness of time sales should even out again, but the current disruption is masking some irksome underlying trends.”

In particular, Argos, which is a key plank to Sainsbury’s fightback against declining grocery margins, has suffered during the lockdown as the outbreak is expected to bring low teens percentage sales declines amid 573 stores being closed.

Bernstein’s Bruno Monteyne said he “struggled with the level of positivity on this year’s profits given the exposure to the bank and Argos”.

He added: “Whilst the 2020 profit outlook is quite encouraging comparatively speaking, by 2021 we will probably be back to declining profits given that business rates benefit falls out, but a weakened economy would still cause lower bank profits and discretionary retail spend will likely still be subdued.”

A more upbeat Barclay’s commented: “Although the dividend deferral may disappoint some, overall we are very encouraged by this statement. It is a major relief that Sainsbury’s sees no need to inject capital into the Bank (its bank will post a full-year loss in 2020 as a result of the weaker wider economy and increase in bed debts) and trading in Argos has so far comfortably exceeded our forecasts.”

[mercer95] 04/5/2020 07:32

What’s the chance of spob posting something positive, big fat zero, like a world pandemic isn’t enough bad news but the BASHERS keep bashing lol it’s in their nature or their contracts.