Sainsbury (j) Share Discussion Threads

[netcurtains] 10/9/2020 09:09

buywell3: I doubt debt will be a problem otherwise the entire GLOBE will go bust...
It is weird, there appears to be more debt (a lot more) then credit in the globe.

Who has all the money? Answer no one.

[buywell3] 10/9/2020 09:07

DEBT

Will be the problem in 2021

Even for banks that themselves will have a struggle to survive on their hands

imo dyor

[netcurtains] 10/9/2020 09:04

thanks s34icknote: So Morrisons pulling us down. I suspect negative sentiment for a couple of days.
I might buy again on MONDAY (see how it goes)

[s34icknote] 10/9/2020 08:28

Mrw figures out .May be why this dropped .Two 500 k buys ?

[netcurtains] 10/9/2020 07:54

This looks like it really should have a trading range around 230p (until new news)....
Price therefore looks oversold .
this is not taking into account the good NAV figures on the balance sheet which imply
a price much higher than 230p.

[netcurtains] 09/9/2020 15:01

Looks like Sainsbury are doing well in the "Back to School" market.

[s34icknote] 09/9/2020 13:59

Another safe area net .I'm also on Dnl and dddd .They are taking a breather with RG selling down .Another recession proof sector but only if the companies perform . Peeps will always need medicine ! And treatments !

[netcurtains] 09/9/2020 09:35

s34icknote: My pearsons shares (FTSE100 internet education company - main market USA and UK) have been having a little bull run over past few days. Not sure how long it will last.

I think its linked to "successful" back to school for the nation (successful in that its happened).

[netcurtains] 09/9/2020 08:51

s34icknote: We seem to be doing OK - I still think DIY is an area that should have a good Christmas.

[s34icknote] 09/9/2020 08:48

In volatile markets supermarkets are seen as safe havens !

[s34icknote] 09/9/2020 08:31

This win and aviva my safe picks !!!

[netcurtains] 09/9/2020 07:56

FTSE futures down too..... But who knows - FTSE funny old beast....

[cl0ckw0rk0range] 09/9/2020 07:23

Something wrong with this guy

[netcurtains] 08/9/2020 16:58

Nice finish!

[netcurtains] 08/9/2020 14:52

RSI of sainsburys picking up

[netcurtains] 08/9/2020 09:20

s34icknote: you were right about Travis PErkins! I should have sold yesterday. Oh well. Ashtead did OK though.

[netcurtains] 08/9/2020 07:31

buywell3: True but there is also an asset to market cap ratio which is very low.
Take your pick.
Profits can go up as well as down.

[buywell3] 08/9/2020 07:12

PE Ratio 31.96

[netcurtains] 07/9/2020 17:20

s34icknote: DIY "boom" is probably here to stay as people will be working from home for foreseeable future.

Weirdly the driver for DIY is also the same driver for increase grocery shopping. More people working from home means less lunches being bought in small urban cafes and more food being bought at Sainsburys.

[s34icknote] 07/9/2020 13:45

No doubt there is a mini boom going on in diy at home .the commercial fit out world that has stopped !The question is really how long it will last ?

[netcurtains] 07/9/2020 12:11

s34icknote: So you poopoo the whole idea of a DIY boom? I have to say, I think you're wrong (I have mates working in building supplies trade so I pretty much know there is a boom - it just depends on how much of this boom is factored into the price, how much they are losing money on the non-DIY side and how much they lost during the lockdown..

[s34icknote] 07/9/2020 11:46

Bought Travis at 580 and sold at 830 around March !!Quality company !Toolstation good Wickes has come good and will be sold Not sure re Benchmarx their kitchens struggle vs Howdens .But fairly valued in this market .Good long term .I'm having a good run on Dnl and dddd at the moment !!Sicknote