Sainsbury (j) Share Discussion Threads

[spob] 30/1/2023 19:45

No big buys today

[bountyhunter] 30/1/2023 18:47

Sunday Times:

Bestway billionaire sparks Sainsbury’s takeover talk

Sir Anwar Pervez, whose empire spans banking to Costcutter, loves Sainsbury’s so much, he may one day buy it, says Sam Chambers

...the 87-year-old has reversed it into Sainsbury’s and the City is left guessing what comes next.

...The owner of Costcutter Supermarkets Group said that it planned to hold Sainsbury’s shares for “investment purposes” and made no secret of its desire to gobble up more — going so far...

[georgeo1] 30/1/2023 16:59

When Asda were in talks with merger/rakeover the share price was much higher. So its still early days , and it's anyone's game.

[georgeo1] 30/1/2023 13:57

£3 ahead

[smurfy2001] 30/1/2023 10:09

Looking good in a down market.

[bountyhunter] 28/1/2023 20:09

Maybe Bestway expect someone else to bid and are just investing for the ride - like me!

[spob] 28/1/2023 19:50

Takeover code says no offer can be made for 6 months because of what they said in the statement on Friday

unless someone else puts in an offer first

[bountyhunter] 28/1/2023 16:58

No approach (by Bestway) for 6 months while Bestway stake build (but after that they may bid)...

Bestway Group acquires shares in Sainsbury’s
Aidan Fortune 27 January 2023

Bestway Group has announced that it has acquired shares in Sainsbury’s.

According to a statement, Bestway has acquired or agreed to acquire a total of 80,792,512 shares in Sainsbury’s, representing 3.45% of Sainsbury’s issued share capital.

Bestway Group said it is not considering an offer for Sainsbury’s and intends to hold its shares in Sainsbury’s for “investment purposes and looks forward to supporting the executive management team”.

Under Rule 2.8 of the UK Takeover Code, Bestway Group is prohibited from announcing an offer or possible offer for Sainsbury’s and from taking certain other actions for a period of six months.

It did not rule out acquiring more share and extended an invitation to Sainsbury’s shareholders who are institutional shareholders that interested in selling their shares to Bestway Group.

[bountyhunter] 28/1/2023 15:17

Bestway do have form in empire building...

[bountyhunter] 28/1/2023 15:13

If Bestway were thinking of bidding for Sainsbury's they would be sure to not suggest that now as that would increase the cost of building a stake.

[dipa11] 28/1/2023 13:27

Https://www.easterneye.biz/bestway-group-buys-stake-in-sainsburys-but-says-no-offer-made/

[dipa11] 28/1/2023 13:26

Https://www.easterneye.biz/bestway-group-buys-stake-in-sainsburys-but-says-no-offer-made/

[bountyhunter] 28/1/2023 10:07

Costcutter owner Bestway discussed Sainsbury’s takeover before buying £193m stake

[konradpuss] 28/1/2023 10:02

spob, spot on.

Sorry to say, it is just a very bad industry for the investor.

The lucky ones at Morrisons got a bid.

I think the sector could well attract some bids. I have said this on the Tesco board for a while.

[georgeo1] 28/1/2023 08:39

A merger would be nice, OCADO & Marks @ Spencer type.

[spob] 28/1/2023 08:05

Not anti Sainsbury's

It's just obvious the management have not been aligned with shareholders for decades.

There's no getting away from it. The long term share price performance has been utterly diabolical. And for good reason.

If a good business manager had been running this company for the last 30 years, shareholders would be very happy indeed

Michael O'Leary
Kate Swan
Simon Wolfson

[chiefbrody] 28/1/2023 06:01

Let's hope so. Love a quick move to 300p and exit for good.

[dipa11] 27/1/2023 22:59

Due to good turnover today we can see shorting reduction on Monday or Tuesday for sure. Plus Sunday paper news will give further share price booster Good night

[fragma] 27/1/2023 21:43

Damn iPad, don't know why it keeps putting question marks instead of apostrophes and inverted commas?

[fragma] 27/1/2023 21:41

Sorry 'spob' not 'spot"

[fragma] 27/1/2023 21:40

Spot did you not see the 8.5 million buys at 255p before the open?You come accros as very anti Sainsbury's.Why not just enjoy the good news and the 25% ish rise over the last couple of months?

[smurfy2001] 27/1/2023 17:35

Onwards to 300p please.

[imperial3] 27/1/2023 17:20

Wow! What a stormer today!

[bountyhunter] 27/1/2023 16:38

5.5% up on the day, not bad. More than the interest you could make in a top savings account in a year.