Sainsbury (j) Share Discussion Threads

[danvandan] 23/8/2021 15:51

A big if. And last time I looked, there isn't much demand for retail property. Property is on the book at SBRY at around £8bn btw. But a short squeeze is definitely what this is about. It might even be all it is.

The people who are earning here are the insiders paying the journalists to hype a share.

[big7ime] 23/8/2021 15:49

If Sainsbury does get taken over it will be at a lot higher price
Current mkt cap doesn’t even cover the property. The business is worth more
Let the short squeeze continue

[danvandan] 23/8/2021 15:48

Who elected you?

[danvandan] 23/8/2021 15:47

You're speaking for people other than yourself?

[big7ime] 23/8/2021 15:46

Anyone with an ounce of brain reading your tripe

[danvandan] 23/8/2021 15:44

Who is 'us'?

[big7ime] 23/8/2021 15:40

Dan you short on this? Reads that way to us bud

[danvandan] 23/8/2021 15:06

lol. Usually too early or too late.

[chiefbrody] 23/8/2021 15:04

When is the profit taking starting again?

[chiefbrody] 23/8/2021 15:03

1-5% in general so always room for some improvement. If O Leary was in charge he'd probably say he could double margins in a year.

[danvandan] 23/8/2021 14:40

Less than 3% on turnover has been typical for supermarkets over the last couple of decades. It's a low margin business, in a mature market with lots of competition.

[chiefbrody] 23/8/2021 14:33

Sains don't need any more coming through the tills. Just need to work on margins and costs. 20-30Bill of turnover and 500 mill of profit is naff.

[danvandan] 23/8/2021 14:33

The profit-taking has started. Finish at 315p?

[danvandan] 23/8/2021 14:26

£10bn strikes me as very optimistic, but who knows? £7bn maybe. But if a bid occurs now at £7bn, we are already well past it, so the excitement might be misplaced. Several CEOs have tried to get more value out of sainos, but supermarkets are a mature market. Some have tried adding coffee shops, clothing, banking services, fuel forecourts and a few have even tried unlocking the toilet. But unless people decide to eat a lot more, I don't see much more coming through the tills. Also Aldi and Lidl are still chewing away at the majors' margins, keeping profits low. Last set of SBRY results showed a loss.

The one thing sbry might eventually get right is their warehousing and logistics so that all of their stock isn't about to go out of date as soon as it makes it onto the cold shelf. It might help a bit if they trained their store staff on the mysteries of stock rotation too.

[chiefbrody] 23/8/2021 14:05

Nobody is getting Sains for anything like 7 Billion. With the right CEO Sains would be a Billion quid profit a year company. Couple that with the real estate stuff and even 10B is hardly a stretch.

[imperial3] 23/8/2021 13:56

There is no smoke without fire.

[danvandan] 23/8/2021 13:49

Reports were possible valuation of £7bn. Now almost 10% above that. A very good rise on speculation, although I suspect today's jump is a little overdone. There is no actual bid for Sainsbury's. A lot of investor exuberance though. I expect a pullback at some point.

[dipa11] 23/8/2021 13:46

This was old news when Qatari want buy sainsbury @ 5.50p plus https://gulfnews.com/business/markets/qatar-seeks-to-acquire-sainsbury-for-245b-1.190280

[dipa11] 23/8/2021 13:37

Worth to read https://m.marketscreener.com/quote/stock/J-SAINSBURY-PLC-9590189/news/Sainsbury-s-shares-jump-14-on-report-of-possible-bids-36224220/

[dipa11] 23/8/2021 13:12

I think shorter already have prepared for this. Once they've increased shorting 9% on 22nd July 21. That time they are helping bidder to buy a stake for preparing the bidding Today the way price increase that might be out of control for shorter and bidder

[babbler] 23/8/2021 12:56

One of the most shorted shares on the UK market.

[smurfy2001] 23/8/2021 12:38

6% short interest here ouch.

[loganair] 23/8/2021 12:24

When contacted, Sainsbury's declining to comment when to various media outlets today usually means something is brewing.

30% premium from yesterdays close would suggest circa 385p + a sweetener of the Interim dividend of say 3.5p.