Sainsbury (j) Share Discussion Threads

[ny boy] 05/11/2020 15:45

Great might buy in on this dip, for the special divi and the normal divi

[pierre oreilly] 05/11/2020 15:34

paid on 18 December 2020 to shareholders on the Register of Members at the close of business on 13 November 2020.

so xd about the 12 nov i should imagine

[porsche1945] 05/11/2020 15:09

Hi, what are the dividend dates please? Special and interim?,

EX dividend dates I’m asking??

[porsche1945] 05/11/2020 15:09

Hi, what are the dividend dates please? Special and interim?

[muffinhead] 05/11/2020 14:07

Loganair... you must be Ricard Hunter or a plagiarist

[loganair] 05/11/2020 13:42

The underlying trading figures are generally strong and reflect Sainsbury’s ability to move quickly, particularly with its online offering, in meeting additional demand.

Digital sales over the period increased by 117% to £5.8 billion, which now represents 40% of the group total. The current fulfilment of 700,000 orders per week is expected to increase to 760,000 by year-end.

Meanwhile, grocery sales grew by 8.2% and General Merchandise by 7.4%, with pandemic-related changes in customer buying patterns resulting in declines for fuel of 44.6% and for clothing of 18.3%.

The outlook is not plain sailing, particularly given the fiercely competitive arena in which Sainsbury operates, and where competitors are also making large strides in terms of tempting consumers sometimes simply based on price.

This will put further pressure on margins, quite apart from the transformation programme which the group has chosen to pursue.

The more recent share price performance has held up well given the economic backdrop, and has risen by 8% in the last six months, although remaining down by 9% in 2020.

Over the last year, a marginal gain of 1% compares to a decline of 20% for the wider FTSE 100. The strides which Sainsbury has made, allied to its prospects for future growth, has resulted in an improvement to the market consensus, which has recently moved to a ‘buy’.

[muffinhead] 05/11/2020 12:51

More QE money printing for businesses, self-emloyed and employees
Furlough to extend to end March

Bank of England £150 billion QE extension announced


Rishi Sunak

[grahamite2] 05/11/2020 11:53

-- Loss before tax GBP(137) million, reflecting GBP438 million of one-off costs associated with Argos store closures and other strategic and market changes

From the official RNS and a very different slant from the report quoted by loganair at #21293, which gives the impression the loss is down to reduced sales. Looks like a buy.

[grahamite2] 05/11/2020 11:41

Sainsbury's seems to be responding to lockdown II rather well. Yesterday I tried to place an order with Tesco but they had no delivery slots for nearly a fortnight. So Sainsbury's step in and I'll see them next Tuesday - at 11 p.m. but at least they're coming. Morrisons also has no slots for ages.

[loganair] 05/11/2020 11:01

Sainsbury's also announced plans to open more grocery stores, even as it closes most of its Argos sites. Like fellow UK grocer the Co-op, the chain will open more convenience and slightly larger neighborhood stores over the next three years, in anticipation of customers wanting to shop locally.

[muffinhead] 05/11/2020 10:51

Where's that "Cheque" guy when you need him

[paulo435] 05/11/2020 09:53

Just be mindful Pierre that fuel sales are impacted by Covid with less vehicles on the road - also clothing. Not all plain sailing. However, it’s compensated with other sales plus of course this dividend just declared giving you 5% back straight away that can’t be sniffed at. Their banking arm is also mooted to be potentially coming up for sale.

[muffinhead] 05/11/2020 09:31

All of the supermarkets should have a bumper Christmas this year

[pierre oreilly] 05/11/2020 09:22

You get a lot for your money at these depressed prices. So just bought an opening buy of 10k (shares, not cfd/spreadbets etc, i usually hold for yonks).

Our local east grinstead one is always full with queues. Covid can't hurt them, dumping a lot of argos is the way to go, start of recovery, and soon a big divi combo. Hope the argos staff get deployed elsewhere in the group and not dumped. Thanks for recent posters who got me interested.

[tim 3] 05/11/2020 09:06

Was always going to happen the whole idea with Argos was to integrate it within the stores.

Though sorry for the staff who have lost their jobs closing counters is the right move too.Very labour intensive with declining sales.

40% is a staggering figure unthinkable so soon before the pandemic.Bottom line stores must be leaner.

[paulo435] 05/11/2020 09:04

Importantly the dividend will be paid before Xmas .....7p special divi plus 3p interim = 10p = just under 5% based on current share price. Not bad.

[loganair] 05/11/2020 08:43

Almost 40 per cent of Sainsbury’s sales are now online, compared to 19 per cent a year ago, Mr Roberts said.


The group also added that the profits impact could be greater if lockdown was extended further and if there was a longer-term hit to the wider economy than expected.

[loganair] 05/11/2020 08:33

It also said roles will go with the imminent closure of 120 Argos stores, which is part of a strategy to shut 420 standalone Argos branches over the next three-and-a-half years.

By the end of the restructuring programme, Sainsbury's said it expected the total number of standalone Argos outlets to be about 100.

The aim was to make Argos "a simpler, more efficient and more business". Products from the Habitat brand will also be more widely available in the stores and via Argos.



The cost-cutting plan comes after Sainsbury’s slid to a pretax loss of £137m in the six months to 19 September from a £9m profit in the same period a year before, as total sales slipped 1.4%. Sales were hit by a fall in petrol and clothing sales which offset an 8.2% rise in sales of groceries and 7.4% rise in general merchandise led by Argos.

However, the company said it would pay out £232m in dividends – almost the same amount as it claimed in business rates relief from the government. The payout decision – which Sainsbury’s delayed by several months – comes despite similar payouts by Tesco and Morrisons drawing heavy criticism.

Sainsbury’s said it had faced one-off costs of £438m related to the closure of Argos stores and other measures as well as £290m on protective measures for staff and customers during the pandemic in the half-year period.

[loganair] 02/11/2020 12:26

Sainsbury's is tipped to restart dividend payments this week despite a row over it receiving a huge tax break and a second national lockdown.

City analysts said they expect the supermarket to give the green light to dividends again – with analysts at Barclays pencilling in a £220 million payout to shareholders.

That assumes the chain pays both a dividend for the past six months and a 'catch-up' for a payout it postponed earlier this year.

Shore Capital analyst Clive Black believes Sainsbury's will resume dividends. He said: 'Retail investors and pensioners who have no interest coming in from their savings have seen dividends from banking, insurance and oil dry up and are increasingly looking to supermarkets as a source of income.'

Black said payouts were justified because supermarkets had invested in adapting stores for social distancing and hadn't furloughed employees.

Sainsbury's, which owns Argos, is expected to report a 15 per cent rise in retail profits.

[loganair] 02/11/2020 12:24

Sainsbury’s could sell banking arm:

Sainsbury’s new chief executive is considering a sale of the company’s banking arm as record-low interest rates continue to threaten its profitability.

Simon Roberts, who took over from Mike Coupe as chief executive in June, has sought advice from UBS on a potential sale of Sainsbury’s Bank, according to Sky News.

The possible sale of the banking unit which provides products including mortgages, credit cards and insurance to more than 2m customers, follows a difficult period for small and medium-sized banks. Most recently the Covid-19 has triggered a slowdown in demand for travel money services and cashpoints.

A sale would be Roberts’ first big move after taking over. In September last year Sainsbury’s unveiled plans to cut the group’s annual costs by £500m over five years by measures that included closing some Argos stores and reducing financial support for its bank.

Sainsbury’s Bank reported a pre-tax profit of £5m in the year to February 2020, up from a pre-tax loss of £34m in 2018-19.

[spob] 01/11/2020 16:12

1 hour ago, Daily Mirror

[spob] 01/11/2020 16:11

Anyone expecting panic buying this week.


with memories of empty shelves from the previous lockdown fresh in customers minds

leading to rationing of individual products

and then stores closing early to allow restocking overnight