Sainsbury (j) Share Discussion Threads

[dipa11] 30/9/2022 09:41

Https://www.bbc.co.uk/news/business-63086562

[debsdowner] 29/9/2022 14:59

Sainsburys on 7 year low.

[gswredland] 29/9/2022 14:28

Why are these a better pick than TSCO please peeks?
Interesting to hear your view..

[loganair] 29/9/2022 14:05

p007 - I do not think Sainsbury's will be taken over as has by far less freeholds then any of the top 6 supermarket groups which means why would private equity have a go as few assets to strip out of Sainsbury's.

This only leaves another supermarket group. Not Aldi or Lidl and the others in the UK are too small to have a go which would only leave one from the continent.

Also money is becoming harder and harder to find and even more so cheap money.

The only other would be a sovereign wealth fund...with QIA selling down from 25% to circa 15% shows sovereign wealth funds would also not really be interested in Sainsbury's.

[peeks007] 29/9/2022 13:30

loganair I can see it hitting the 150 before a rapid move back up. Just like Morrisons went, this one is going to be taken over. My guess at a bid of around 260-280p. Even if it isn't I can still see a dividend around 15p/share from 2024 onwards which would make a decent return for a stable sector. My main worry is that Sbrys customers may have switched to Aldi or Lidl indefinitely. These shares certainly seem a better pick than Tesco.

[porsche1945] 29/9/2022 12:12

Once government fails and general election sterling and stocks should take off, have to get rid of the brexit loonies first tho. Won’t be long, economy cratering.

[loganair] 29/9/2022 10:46

I edge towards it was the United States who blew up the Nord Stream pipe lines as there is no advantage for the Russians to do so.

Basically the United States has declared war on Russia.

[giltedge1] 29/9/2022 10:44

Unfortunately caught in a pincer movement, high fixed property costs, rising wages, business rates, FX costs on imports, lose on online orders, Aldi & Lidl squeezing margins .....

[spob] 29/9/2022 10:42

Russia blowing up European gas pipelines seems to be affecting sentiment in the markets


Basically we are at war with russia now

Whether we like to admit it or not

[nick rubens] 29/9/2022 10:25

oracle looking at your prior posts I think you've been long for a while? lol

[oracle14] 29/9/2022 09:21

Just gone long price target 239.9 I like try to be precise ..lol

[nick rubens] 29/9/2022 09:17

Aldi have reported a surge in sales so someone is losing customers.

Sainsbury has debt which will need rolling over and there will be a higher interest rate to do so. Add to that Argos sales likely slowing due to the cost of living and it explains the seemingly 'cheap' share price.

Is it all in the price ham1? Is the dividend safe?

[hamhamham1] 29/9/2022 08:18

Also just bought some SYNT

[debsdowner] 29/9/2022 08:17

Sainsburys hits a new low and £ falling again will increase inflation.

[loganair] 29/9/2022 08:13

There are 6 stages that any empire goes through - What is happening at Tesco shows that Britain is not only in the 6th and last stage of empire, it is in the final stages of the last stage of empire.

spob - London is full of poor immigrant foreigners??? isn't it??? as are many other of the cities in England.

And Liz Truss says she wants to bring more of them into the UK.

Does Tesco in Northern Ireland have this same problem???

[spob] 29/9/2022 08:06

"Tesco's is not a war zone, its just a supermarket"

Have you been to London recently ?

[loganair] 29/9/2022 08:01

My bottom has always been 120p / 150p.

[hamhamham1] 29/9/2022 08:00

Just bought 3000 x these at under 175p. Bargain.

[rolo7] 29/9/2022 07:59

Not with Argos exposed to fx next few years market looks forward big losses at Argos? Currys to go bust,ao,ocado....

[gswredland] 29/9/2022 07:54

It is looking tempting now!

[dipa11] 29/9/2022 07:34

Https://www.about.sainsburys.co.uk/investors/shareholder-information/dividendsPast dividend history @ this price is best stock to hold. Plus 4% Shorting will be closing or takeover bidding on card. All the ways is winning Good morning and good luck

[tahmina1] 29/9/2022 07:33

clive7878 i couldnt agree more
I cannot understand why the conservatives would choose Truss over a Goldman Sachs trained experienced chancellor who got us through covid.

Utter madness

[philanderer] 28/9/2022 22:56

Read across from Morrisons numbers and outlook wednesday.

[clive7878] 28/9/2022 21:25

hxxps://www.statista.com/statistics/386446/sainsburys-profits-united-kingdom-uk/

One poll out recently gives Labour a 17 point lead.
Booting out Boris and not appointing Sunak could lead to the Conservatives losing the next election.

Are SBRY now a good buy with a 7% yield is the question, or could this be wiped out by a further lower SP, like many other stocks in the current climate ?
No good getting a 7% yield if the share price drops 14%, but how low can SBRY fall, has it reached the bottom,
is the $64 question.