Sainsbury (j) Share Discussion Threads

[grahamite2] 06/11/2020 14:38

I'm in - notwithstanding a nasty feeling that somebody knows something!

[grahamite2] 06/11/2020 14:15

Losing fresh meat and fish is a sad parting with tradition, but there you go, time marches on. Anyway it always struck me as most unfortunate that fresh fish was so close to pastry!

[poikka] 06/11/2020 09:54

Sound strategy all round, IMO.

Dead easy ordering and collecting at Argos, and those catalogues were a thing of the past.

Ditching fresh meat and fish counters - about time - what a waste. Not 100% convinced about the deli, but guess that the same space will be used to greater effect - just make sure we can find stuff!

[sr2day] 06/11/2020 07:33

they wrongly sold homebase which could have integrated Argos within and close all the high street shops as they are doing.would have been winning formula imo.look at Kingfisher.

[buywell3] 05/11/2020 18:45

But from what base did it rise ?
That is the question

The chart is not good and the 200ma is dropping with occasional rises that do not last occurring from time to time

180p has been hit and imo looks like being hit again from higher SP's than the current peak

dyor

[tim 3] 05/11/2020 17:28

I know the pandemic screws the figures a bit but for online to account for 40% of sales is still a staggering statistic no wonder they are shutting counters and cutting costs in stores.

[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.