Sainsbury (j) Share Discussion Threads

[loganair] 15/10/2020 17:00

Following the tightening of coronavirus restrictions, Sainsbury’s has announced some major changes to its stores.

They involve changing who can shop in-stores at any given time.

Due to the rising number of coronavirus cases across the country, the supermarket chain is telling customers to shop “one adult at a time”.

Sainsbury’s has announced this change, hoping it will “keep people a safe distance apart”, and because it also “helps to reduce quests to get into stores”.

That means only people who are shopping alone will be let into the store.

Staff at Sainsbury’s stores will be asking groups with more than one adult to only choose one to send inside.

The other adults will be asked to wait outside the shop.

Those with children are welcome to bring them into store, providing they aren’t able to stay at home.

Sainsbury’s is also limiting the number of people in stores at any given time.

A statement from the supermarket chain adds: “We have also put queuing systems in place outside our stores and ask you to queue at a safe distance of two metres apart."

“We have placed clear markings on shop floors to help you know what a safe distance is.”

[loganair] 14/10/2020 11:29

The billionaire brothers who bought Asda for £7billion are facing questions over their decision to transfer ownership of the British supermarket to the tax haven of Jersey.

Under the deal struck by Mohsin and Zuber Issa, who were made CBEs in the Queen's Birthday Honours list, the grocer will be legally controlled by a parent company based in Jersey.

Experts said there were several benefits to operating from the Crown dependency, which charges a corporate tax rate of zero.

It would also mean the parent company does not have to disclose its accounts publicly, and the Issas would pay no capital gains tax if they decided to sell Asda at any time.

[loganair] 13/10/2020 11:00

Same with Tesco.

Sainsbury thought going into banking a few years ago was going to really boost their profits without having any good understanding of banking when what Sainsbury's needed to do was to get the core selling of foods right then build from there.

For several years I've been posting that first and foremost Sainsbury's needs to identify who their customers are then serve these customers. This is what they did in their hay day of the 1970's to the early 1990's.

Another good example of not knowing who their core customers are is M&S and like Sainsbury's have also lost their way.

[3dwd] 13/10/2020 10:37

I would be more inclined to look at their banking side ..that's a negative

[spob] 12/10/2020 20:11

Will Sainsburys get another £450 MILLION POUND bonus from the government next year ?

[loganair] 12/10/2020 18:04

Sainsbury's share price forecast 2021: will the company adapt to the industry’s new reality? by Nicole Willing.


Shares in UK supermarket chain Sainsbury’s have dropped by 15 per cent this year, despite grocery sales rising at their fastest rate in more than two decades during lockdowns to tackle the Covid-19 pandemic. What is driving the company’s stock lower? And what is the SBRY share price forecast 2021 and beyond?

The highly competitive grocery market in the UK makes for volatile stocks. Investors closely following Sainsbury’s share price news would have seen that the stocks of three of the four largest retailers – Tesco, Sainsbury’s and Morrisons – have all fallen by 15 per cent year to date, while the share price for online supermarket Ocado has doubled since the start of the year.

Sainsbury’s cedes market share, faces increased costs:

When deciding what to do with Sainsbury shares – buy or sell, investors should consider its position in the market. Sainsbury’s was founded in 1869 and listed on the London Stock Exchange in 1973 – at that time, the largest-ever initial public offering on the exchange.

Sainsbury's share price has been in decline since 2018, as the largest supermarket chains have lost market share to discount retailers. The stock fell by around 10 per cent in 2019 and reached its lowest level in 30 years.

Sainsbury’s market share has dropped to 14.9 per cent from 16 per cent in 2019, data from Kantar shows, while competitors like Aldi, Lidl, and Co-op have gained ground.

Sainsbury’s share price forecast 2021: can the stock turn around?

Sainsbury’s share price is likely to continue to trade lower, at least in the near term. In fact, SBRY is one of the most shorted stocks on the London Stock Exchange.

Shore Capital last month reiterated its recommendation to buy the stock with a Sainsbury share price forecast of £1.87, and the stock has since risen above that level. Analysts at Barclays also recommended the stock as a buy ahead of its interim results on November 5, citing its strong underlying free cash flow, anticipated higher sales and strategic update. Their price target of £2.50 per share indicates a potential upside of around 25 per cent.

Technical forecasting service WalletInvestor indicates the share price will continue to decline, falling to £1.89 in December. Its Sainsbury's share price forecast 2021 shows the price dropping further to £1.58 by the end of the year and slipping to £0.98 by December 2023 and £0.44 by October 2025.

[poikka] 07/10/2020 08:20

Pressure's on Sainsbury's, now, to come up with the divi.

[joe say] 07/10/2020 07:40

Woke alert - Relwoods on his knees honouring a serial criminal

Burn loot murder

[cl0ckw0rk0range] 06/10/2020 23:11

When's white history month?

[poikka] 05/10/2020 14:54

Relwood - "I was looking for the Sainsbury bulletin board but seem to have stumbled into a meeting of the KKK."

Care to explain how you reached that conclusion?

[trikytree] 05/10/2020 12:17

Lol dex. I’ll sell most of my other shares when they’re in profit. If you really object sell today!

[dexdringle] 05/10/2020 11:14

To say they support Black History Month is fair enough (if they must) but to go on to tell their customers "if you don't like it then shop elsewhere" is ridiculous. I honestly think the new CEO should go over this.

As a result of the above, and only the above, I'll be selling my shares as soon as I get anywhere near my break even. If I was in profit I'd be selling them today....

[aljm] 05/10/2020 10:42

i see they have changed the text on the above link, they have removed this bit "What have we been doing to support our colleagues?
We've relaunched our network that supports ethically diverse colleagues. I AM ME @ Sainsbury's, now has over 2600 members and a very active schedule of events. We run mentoring circles, awareness days, learning sessions and celebrations.
Recently we provided our black colleagues with a safe space to gather in response to the Black Lives Matters movement."

Too little too late...

[relwood] 05/10/2020 10:24

I was looking for the Sainsbury bulletin board but seem to have stumbled into a meeting of the KKK.

[loganair] 05/10/2020 09:18

One of the main if not the main difficulty Sainsbury's has had over the past 20 years is little to no pricing power with ease of entry into the supermarket field by new entrance.

[poikka] 05/10/2020 08:36

Jeezus, are things so bad at SBRY's that they have different pay scales, and that non-whites (blacks in SBRY's lingo) need separate rest rooms?

Or have they just got a deranged, over-WOKE, bod in charge of dealing with diversity issues?

[loganair] 05/10/2020 08:32

Sadly time and time again Sainsbury's show themselves to be represented by directors who have low rent imagination and low rent intelligence, constantly trying to just be politically correct and follow the latest fad - 'Following' rather then being the leaders in something truly imaginatively new.

[aljm] 05/10/2020 08:02

yup, we will no longer use Sainsburys or Argos now, dont shove your agenda down my throat tyvm...

[joe say] 05/10/2020 08:01

My wife is off to Lidl this week - first time ever

Thanks to SBRY's virtual signalling - you know the one (that's the one with the black board director, a large number of black senior managers, and the one with many blacks in the marketing dept)

[rolo7] 05/10/2020 00:26

Aldi also going near big Tesco at burseldon road

[aljm] 04/10/2020 20:01

expect price drop tomorrow, Sainsburys just alienated a lot of the UK public !!