Sainsbury (j) Share Discussion Threads

[loganair] 01/2/2023 19:12

With Costcutter having such a small market share I really can not see the MMC making any fuss if they do decide to make a bid for Sainsbury's.

[bountyhunter] 01/2/2023 18:50

An interesting article all of which fits and I agree with. Personally I doubt that we will have our Sainsbury's shares this time next year unless the MMC blocks any potential takeover.

[loganair] 01/2/2023 17:19

It seems to me reasonable to say over the next couple of months, Bestway is most probably initially aiming for a circa 10% stake in Sainsbury.

[smurfy2001] 01/2/2023 17:18

Bestway boosts Sainsbury's stake - just a week after the wholesaler insisted it does not plan a takeover of the supermarket giant

Bestway's stake has grown from 3.45% to 4.47%, regulatory filings show

The group has said it could add to stake 'subject to availability and price'

[bountyhunter] 01/2/2023 16:30

I wonder if that recent director sale was to Bestway.

[smurfy2001] 01/2/2023 11:30

Damn my sell order for 265p kicked in for my shares averaging 228. I forgot to take it off and now I'm out 😒

Was going to hold for 300p+.

Doh!

[loganair] 01/2/2023 09:17

An increase of a little over 1% in a few days.

Bestway needs to accumulate a further 4.45% + the top 5 share holders = 50% plus of Sainsbury's

[bountyhunter] 01/2/2023 09:05

Bestway now holding 4.468895%

[dipa11] 31/1/2023 19:56

hTtps://www.shorttracker.co.uk/company/GB00B019KW72/

[bountyhunter] 31/1/2023 18:46

Ended flat on the day while pausing for breath, £3 in sight imv while Bestway accumulate.

[smurfy2001] 31/1/2023 17:56

spob, maybe it will be the other way round?

[spob] 31/1/2023 15:03

Tesco were allowed to buy Booker

So maybe Sainsbury's will buy Bestway

[dipa11] 31/1/2023 11:01

It is good to see share price improved and shorting is still not reduce @ current level 3.73% plus 1.00% sleeper account. I am waiting for others bidder to come forward that is why shorting is on hold. They are able to close shorting @ around 1.70 gbp the lowest price but not done. So wait and watch to cross 3.00 gbp and further reaction in price much better. Good luck

[loganair] 31/1/2023 09:26

I would like to see, when a director sells, are they doing so on the open market or selling to a particular entity = transparency...

[bountyhunter] 31/1/2023 07:55

CIO sold 180,000 @GBP2.495 notified midday yesterday.

He should have waited!

[bountyhunter] 30/1/2023 22:00

Yes exactly! Bestway are onto a winner either way. Just the MMC to navigate for any potential bidder. Timing could be key.

[loganair] 30/1/2023 21:58

or if another entity makes a bid at any time then this 6 months becomes void for Bestway.

[georgeo1] 30/1/2023 21:41

Let's hope it stabilises above a.t.h. Everyone will soon jump in at these prices before it rises very quick. Going to have to pay a premium if it happens.

[bountyhunter] 30/1/2023 21:17

Absolutely, but they can't bid for 6 months - unless there is a material change in circumstances? 6 months is not long though and they have already made it clear that they are looking to build their holding.

[chiefbrody] 30/1/2023 20:42

Think it was a bit below 300p then spike 50p odd quickly. (From memory). Another month of decent performance then another rumour or 2 leaked should people this to 300p (and maybe beyond) again. The sooner the better imo.