Sainsbury (j) Share Discussion Threads

[topazfrenzy] 06/7/2022 10:51

No one cares about your target, this is a defensive play with a solid dividend during these times

Tax cuts coming across the board after Dishi Rishi left .. retail will benefit

[loganair] 06/7/2022 09:02

My target low has been and still is 150p.

[oracle14] 06/7/2022 08:45

Looking very strong a good rally as I said Target 237

[oracle14] 05/7/2022 15:11

Rocket rally tomorrow folks start 10 up imo

[m5] 05/7/2022 09:02

Taken a short here. See how we go.

[loganair] 05/7/2022 08:37

Richard Hunter, head of markets at Interactive Investor, said: 'There will be little dancing in the aisles following this update, as Sainsbury struggles to maintain momentum.

'Set against ever tightening competitive screws, Sainsbury had its work cut out on any number of fronts going into the statement. And the ferocity of competition in the sector is plain to see.'

He added: 'Despite something of a relief bounce in opening exchanges, the share price has reflected the company’s current travails, having dropped by 23 per cent over the last year, as compared to a marginal gain of 1 per cent for the wider FTSE 100.

'Competition in the sector remains intense, ranging from a resurgent Tesco to the price discounters Aldi and Lidl.

'The market consensus of the shares as a hold suggests that the jury is currently out on Sainsbury’s immediate prospects, with Tesco (strong buy) being the clearly preferred play.'

[loganair] 05/7/2022 08:20

A terrible trading statement, shows how Sainsbury are still continuing to go backwards.

[tuftymatt] 05/7/2022 07:06

I could only see this bit spud.

"Groceries online order numbers continue to normalise as more customers return to store. Sales were 94% above pre-pandemic levels and we are pleased with our market share performance as we hold on to customers gained during the pandemic."

[spob] 05/7/2022 06:41

This is a trading statement

Where are the trading figures for grocery online ?

[spob] 05/7/2022 06:39

Groceries online order numbers continue to "normalise"

hahaha

[tuftymatt] 05/7/2022 06:36

A new CFO come April then.

[loganair] 04/7/2022 12:18

I think you're misunderstanding my post - what I am saying it is the way the discounters are run and the cost to run them are often 50% plus lower then for the branded supermarkets or branded airlines.

[creditcrunchies] 04/7/2022 10:40

It's like saying everybody is drinking plonk after deciding they no longer like fine wines. The food from Aldi is fine as a generic source of edible food. Personally I prefer fine wines, the highest quality of cuts of meat and locally grown produce. So for me Aldi just don't cut it. There's some stuff I'll buy there because it's just as good as branded. The main shop will always be Ocado or Waitrose

[alotto] 04/7/2022 10:27

The difference between airlines and supermarkets is that the customer base for air travel has grown and more people are travelling today.
For supermarkets there won't be more people shopping, it will be competitors trying to get a larger customer share at the expenses of other retailers.
The Aldi price match thing has to get way better. To scattered in the shelves and far from covering all range of products.
The risk is a general shift of shoppers from premium, higher margin products, to unbranded when shopping in Sainsbury's. That will hurt both the Sainsbury and big brands like Unilever, P&G, Reckitt Benckiser, Nestle, etc you name it.
Discount retailers are trying to up their game and also sell some brands like Magnum ice creams etc. That may help discount supermarket but probably will help Sain's too as brands in discounts will help close the price gap with Sain's etc., as brands will still want to make their margin from discount retailers and demand a higher price tag.

[loganair] 04/7/2022 09:50

Lidl and Aldi were set up to be run a discounters in the same way Ryanair and Wizz are when it comes to the airlines and how the old branded airlines are unable to compete with them.

In 1990 Ryanair had just 5 aircraft, carrying less than 500,000 passengers per year while at the time BA has around 250 carrying around 40 million passengers. Today Ryanair have 290 aircraft carrying around 200 million passengers while BA have about the same as number of aircraft as they did in 1990 carrying the same number of passengers as they did in 1990.

[alotto] 04/7/2022 09:27

Loganair, but Lidl and Aldi are not charities tho

[loganair] 04/7/2022 09:10

Sainsbury need to have their products at a price point where it is able to make a profit and able to pay its share holders a dividend - that's their priority.

[alotto] 04/7/2022 09:02

Does Sainsbury need to have its products at a price point to make it prohibitive for the average Joe to shop with them?

[smurfy2001] 03/7/2022 21:25

Sainsbury's bracing for shareholder backlash over pay when it faces investors at its annual general meeting

[gswredland] 03/7/2022 08:36

Thanks smurfy

[smurfy2001] 01/7/2022 15:30

Tuesday 5 July

J Sainsbury PLC Q1 Results