Sainsbury (j) Share Discussion Threads

[sharesoc] 07/11/2021 22:44

ShareSoc & Yellowstone Advisory are hosting a joint webinar with Sainsbury’s plc (SBRY) on the 24 November 2021. This may be of interest to current shareholders and potential investors. James Collins, Director of Investor Relations will be presenting:

[spob] 07/11/2021 19:30

regarding Argos

the more you close the stand alone Argos stores, the more you kill the Argos brand

[loganair] 05/11/2021 21:49

It seems to me over the past 25 years the directors have been clueless on even trying to get Sainsbury's to stand still let alone grow the business.

In 1997 Sainsbury's had 20% market share, while Tesco's had 22%, since then Sainsbury's market share has steadily fallen while Tesco's has risen irrespective of what either Aldi or Lidl have been doing in the mean time.

In 1993 Tesco's market share was 3 percentage points lower then that of Sainsbury's, while today Tesco's market share is over 12.5% more then that of Sainsbury's.

[loganair] 05/11/2021 19:00

City News: Sainsbury’s bumper profits not enough to offset Argos concerns - Continued strong grocery performance was not enough to reassure investor concerns over increasing costs and tumbling Argos sales. It’s worth noting that to cut costs, Sainsbury’s has permanently closed 120 standalone Argos stores since the pandemic began.

While overall statutory group sales rose by a healthy 5.3%, much of this rise was due to increased fuel sales, which rose by a whopping 62.7% as the UK’s economy rebounds.

While Roberts said that he would ‘do all we can to mitigate inflationary headwinds,’ a cost-of-living squeeze could see consumer appetite for its luxury ‘taste the difference’ range decline, and profit margins fall.

The Sainsbury’s share price has the potential to rise further. But it has plenty of headwinds going into the crucial Christmas trading period.

[chiefbrody] 04/11/2021 13:03

Lol They do like to wheel the Amazon card out now and again.Don't know how they get away with writing such nonsense.

[loganair] 04/11/2021 12:44

Sainsbury's only owns half the freeholds to its properties compared to Morrisons,, or to put it another way Morrisons' owns nearly 90% of its properties while Sainsbury's only owns around 35% to 40% of its properties.

If a take over was to come, realistically I do not see any higher than 400p, more likely circa 350p

[sr2day] 04/11/2021 12:03

not under 450p imo.

[loganair] 04/11/2021 12:00

sr2 - Not that cheap as I think any take over will be for circa 350p.

[sr2day] 04/11/2021 11:54

£600m annual pfofit.div over 11p.defensive stock.potential takeover.cheap at 280p.

[spob] 04/11/2021 11:27

Or could it just be that as Boxing Day falls on a Sunday this year, it would be pointless to open the front doors for a few hours ?

[spob] 04/11/2021 11:24

They say they are giving staff Boxing Day off as a thankyou.

So is this an actual extra days holiday entitlement or just meaningless waffle ?

[anhar] 04/11/2021 09:42

Bid talk is approx. 100.1% baseless guff.

Even in the unlikely event that there is a bid for SBRY, that won't change this.

[arja] 04/11/2021 09:41

I think it hit about 350 when it spiked a short while ago . Wonder how much bid premium is in price which might mean it can fall much more if bid does not eventuate .

[anhar] 04/11/2021 09:40

I'm interested in the divi and after these results the forecast is 11.5p making an expected yield of 4.2% at 276p. Still above the FTSE100 figure of 3.3% so I continue to hold in my income port.

I invest only on fundamentals and only for income. TA does nothing for me. Looking at the accounts, their net debt and gearing is worryingly high for a retailer.

[loganair] 04/11/2021 09:31

O14, if any bid did ever materialise I can see it coming in at around 350p, almost certainly under 400p.

[arja] 04/11/2021 09:14

TSCO keeps edging higher and market must think a t/o is more likely with that stock.

[arja] 04/11/2021 09:13

not likely as still falling today on bullish day in markets . Of course it might be manipulation by the big players !

[oracle14] 04/11/2021 09:06

Bid coming for sure and it will end up more than 500..the numbers a screaming this and the price action

[arja] 04/11/2021 08:42

I thought for a minute the drop at opening was because it had gone ex div ! ( smile ) .

[arja] 04/11/2021 08:33

I assume you are joking chiefbrody as SBRY lately is a real dog .

[chiefbrody] 04/11/2021 08:06

Reaults going down well.

[arja] 27/10/2021 11:45

bearish overall market . Through 303 chart resistance !