Sainsbury (j) Share Discussion Threads

[spob] 19/11/2020 03:38

You know when someone has genuine breathing difficulties

because you can hear them struggling

and it affects the way they speak


Also someone with genuine breathing difficulties certainly would not be able to do a 8 or 10 hour shift in Sainsburys, on their feet for most of the day

As for people with asthma

The only time they would not be able to wear a mask is when they are actually having an asthma attack. In which case they would not be working. I have severe asthma sufferers in my family, so i know.

I regularly see managers in Sainsbury's on the shop floor with a mask around their neck. So why would the staff do anything else.

From what I have seen it looks like Sainsbury's really don't give a damn about high risk elderely shoppers.

[rolo7] 18/11/2020 00:46

supermarkets did not furlong their staff they paid ex/vanulable staff wages. imagine the headline government pay supermarket staff to furlong! imagine the panic oh no food!?

[tim 3] 18/11/2020 00:42

Agree sounds wrong them pocketing the money although you could argue in the interests of doing the best for shareholders, something they are often accused of not doing, they should.

[spob] 18/11/2020 00:10

Also there is the possibility of Sainsburys Bank being bought by Natwest/RBS group

Natwest has been majority owned by the governmemt since the financial crisis in 2008


It seems very odd to me that the government would possibly be buying Sainsburys bank


more monopoly money flying around ?

[spob] 17/11/2020 23:56

I remember Sainsbury's issuing a strange RNS at the time when this giveaway scheme was launched

Sounded like they couldn't believe their luck getting all that free dosh


£450 MILLION POUNDS !!


I guess when you are in government, it's all just monopoly money to play games with

[loganair] 17/11/2020 19:26

Sainsbury's is in talks with more than one possible buyer after revealing some 'very preliminary expressions of interest' for its banking arm:


Sainsbury's said it had received a number of "very preliminary" enquiries - weeks after Sky News revealed the retail giant was exploring a sale of its banking arm despite public commitments to a five-year plan for the bank started last year.

"We have received some very preliminary expressions of interest in the bank, but this does not mean anything will come of these discussions."

Offloading the business, which has more than two million customers across a range of products including mortgages, home insurance and credit cards, is potentially attractive as returns are squeezed by ultra-low interest rates.

[netcurtains] 17/11/2020 09:39

I've gone long Sainsburys again.
Good NAV value.
Christmas
Doing well in lockdowns.

[tim 3] 16/11/2020 10:14

Amazon have stores where you don't even need self check out or to scan the item.

Many of the major supermarkets are looking into this.

In a decade you may have the odd cashier for refunds/tobacco/lottery ect but most will disappear imo.

[farrugia] 16/11/2020 10:04

is it my impression or Sainsburys wants to move to self-checkout where people get in, use a mobile to trace codes and simply get out removing the cashier...

[rolo7] 15/11/2020 20:20

Is that why Mike coupe gone to work on track trace distribution then insider...

[loganair] 15/11/2020 19:03

Money Saving Expert Martin Lewis alarmed by Sainsbury's deal - and urges them to change it

Sainsbury's has issued a double-up scheme for Nectar card users – but it’s only redemptions in-store in-store.

"It really shouldn’t need to be told this. Many people wait and hold on to their Nectar points to use them in the pre-Christmas period double-up.

“To force them to go to a store now, rather than spend in ease and safety via the web, is simply putting people’s health at risk for no reason.”

A Sainsbury’s spokesperson has apologised to customers after recognising many shoppers will not be able to redeem their vouchers in the way they would have liked this year.

"Many of our customers have told us they are relying on the savings it will give them and so after careful consideration we will continue to offer it.

“We understand that some of our customers may not be able to redeem their vouchers in the way they would have liked to this year and we’re sorry for the disappointment this may cause.

"Customers who have already redeemed their points for vouchers and are now required to shield can contact our customer services team, who will refund their points.”

[tim 3] 13/11/2020 11:50

God help their customers if Nat West takes them over took 4 hours to contact them this week when they blocked my card without even informing me!

[unastubbs] 13/11/2020 07:47

anyone have any thoughts on how much the bank is worth? there are plenty of names in the frame according to the original Sky report so hopefully there will be a bidding war for the asset...

[unastubbs] 13/11/2020 07:34

NatWest Group eyes Sainsbury's Bank for potential takeover

www.theguardian.com/business/2020/nov/12/natwest-group-eyes-sainsburys-bank-for-potential-takeover

hopefully this should provide a boost to the share price today...

[grahamite2] 12/11/2020 18:36

Glaxo and Shell also went XD today and have ended the day roughly share price neutral i.e. down by the amount of the dividend, so Sainsbury's has done well.

[loganair] 12/11/2020 12:12

Even though Sainsbury's has the least number of freehold stores in percentage terms compared to all the other main supermarket groups they continue to sell their freeholds and lease back as they have just sold the freehold of their Hinkley supermarket to UBS Asset Management for £45m.

Usually a supermarket pays c6% to 8% of the value of the sale in yearly lease payments which means in around 10 years Sainsbury's would have completely paid back the £45mln they received from the sale and will still have to continue paying the ever increasing lease payments on the said supermarket. This doesn't make good business sense to me.

[loganair] 12/11/2020 11:54

The petrol stations giant led by two brothers who have agreed to buy Asda for £6.8bn is to generate hundreds of millions of pounds by selling a stake in its holding company to a group of blue-chip global investors.

Sky News has learnt that EG Group could confirm as early as Wednesday that an Abu Dhabi sovereign investor and two of Canada's largest pension funds are acquiring a minority stake.

The deal will value EG at more than $20bn (£15.1bn), including debt, according to an insider.

It will see the Alberta Investment Management Corporation (AIMCo) and PSP Investments become new shareholders in EG, while the Abu Dhabi Investment Authority (ADIA) will top up its existing stake in the EG holding company structure.

One source said the transaction would imply an equity value of more than $12bn (£9bn), paving the way for the company to stage a mammoth stock market flotation in the next couple of years.

[pierre oreilly] 12/11/2020 09:51

Diku, that's not my experience with big caps. Usually ime a large divi causes a drop by that divi on xd day, and then it recovers from the drop over the next day or two (all other things being equal of course). Just like we are seeing atm.

The reason it's like that is because big caps are largely valued on a p/e basis (p/e, ppe 1 year out and ppe 2 years out). A big divi causes all the p/es to fall, and hence they very often, usually, regain the fall to put them back on the same p/e as before.

[pierre oreilly] 12/11/2020 08:36

Been quiet recently buywell, why's that?

10p drop going XD 10p Divi,

Buywell, tell buywell she doesn't yet know even the extreme basics. Stick to the sock darning discussions where buywell can probably contribute and not look too stupid.

[buywell3] 12/11/2020 08:21

200ma rules ok

[paulo435] 11/11/2020 17:28

Yep cheers Pierre, makes sense re the register and that it’s only referred to and read on 13th - I was confused a bit by one of the comm’s. Ex divi date is what matters and being a holder before the cut off.

[pierre oreilly] 11/11/2020 13:56

Of course the share will be marked down by the divi amount first thing tomorrow - but i'm expecting it to soon regain that 10p, just to get back on the same p/e as now.

The xd date is when you qualify for the divi, on or after xd (i.e. xd = without dividend) you don't qualify. The record date is when the register is read and determines where the divis are sent. For those in before opening on xd day and not yet in the shareholders register on the record date, (and vv) the divis get sent to the wrong place, and the brokers sort it out, ensuring those who qualify get them, and those who don't don't.

I recently bought due to the far better trading than i was expecting, and nudged along by th lumped together interim plus last years final.

[paulo435] 11/11/2020 13:43

Yes dividend buying likely going on, but also there’s heavy lobbying for extended opening hours in the run up to Xmas. Anyone know why the ex dividend date is declared as being tomorrow the 12th, but yet in the recent results announcement the special dividend is being paid to those on the register of members as at close of play on the 13th. Wondering if holders need to stay until 13th for this, not the 12th, unless the register is based on data from the 12th. Either way, I’m curious to see if this price drops significantly or not after these dates and if the dividend milkers have upped and left. 5%+ dip to come do we think ? (All other things being equal)