Sainsbury (j) Share Discussion Threads

[bountyhunter] 15/4/2023 15:06

On the supermarket milk war(!)..

Is the supermarket milk price war a sign food prices could FINALLY fall from current record highs?
By Sam Barker For This Is Money
07:00 15 Apr 2023, updated 07:00 15 Apr 2023

[bountyhunter] 14/4/2023 22:00

And even that last listed shorter has been reducing...
-0.10% 28 Mar 2023

[dipa11] 14/4/2023 21:16

Only one shorter has been left in 2.20%In February Bestway increased stakes holding by 4.5%.If someone bids for sainsbury then share price s/b 3.50 gbp plus due to shorting and further up side for bidder https://www.shorttracker.co.uk/company/GB00B019KW72/

[bountyhunter] 14/4/2023 15:47

Wasn't that 6 months before they can make an offer should they wish to do so having not made one previously? I stand to be corrected if that's incorrect :)

[georgeo1] 14/4/2023 15:22

6 months from February to make a offer or something

[bountyhunter] 14/4/2023 08:09

It's a pity that neither appear to have extended that offer to filtered milk which is always priced at a premium but lasts longer.

[spob] 13/4/2023 21:48

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Court of Appeal rejects Sainsbury’s attempt to challenge equal pay claims

[philanderer] 13/4/2023 21:45

SBRY matching TSCO and dropping the price of milk 😛

[bountyhunter] 13/4/2023 17:33

Agree with you regarding the loss of the menswear stores, Fosters was another good option, now it's a job just to find a decent pair of jeans especially with Debenhams gone which used to have a great selection. M&S is no comparison but doing well as what seems like a last man standing department store!

[georgeo1] 13/4/2023 16:51

That's a hefty sum.

[georgeo1] 13/4/2023 16:50

Who's buying 1675000 ?

[georgeo1] 11/4/2023 15:02

Bought GST, going crypto

[blackhorse23] 11/4/2023 12:54

Bought GNC today

[sharesoc] 09/4/2023 01:24

ShareSoc and Yellowstone are hosting a webinar with Sainsbury's plc (SBRY) on 22/05/23, which may be of interest to current shareholders or potential investors. James Collins (Director of Investor Relations) will be presenting. You can register here:

[bountyhunter] 07/4/2023 10:46

Aldi is better for wine if you are lucky enough to find a parking space in their undersized car parks..
At the end of the day many shoppers will go to the nearest of the big four for convenience.
There are some plus's for Sainsbury's, more spacious stores, isles and parking vs Aldi & Lidl which tend to have undersized stores, the Aldi price match promise, the loyal band of shoppers and new shopper's who have stepped down from Waitrose & M&S/Ocado not to mention the decent yield and take out potential.

[spob] 06/4/2023 17:51

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I have bought the vile mince pack in Sainsbury's. And yes it is vile. The mince is not beef mince. It is beef mush.

I buy my mince in Tesco now, until they change it back again.

[blackhorse23] 06/4/2023 11:35

Bought GNC

[philanderer] 06/4/2023 00:56

'Sainsbury's defends vac-pack mince after complaints'





I bought some today and it does look weird, but it cooks ok.

[blackhorse23] 03/4/2023 10:04

Added GNC today

[spob] 02/4/2023 21:35

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‘Greedflation’: profit-boosting mark-ups attract an inevitable backlash


Some companies seized on widely reported disruptions to raise prices and increase margins at the expense of consumers





Anne-Sylvaine Chassany

March 31 2023

Financial Times



Policymakers, economists and, increasingly, the public are growing sceptical of justifications for rising prices. Bumper profits and bigger margins have not gone unnoticed and a new word, greedflation, has started to crop up.

In the past two years, non-financial companies in the US and Europe have fared well despite stiff headwinds from the pandemic and the war in Ukraine. Even with supply chains bottlenecks, strains on global shipping and disruptions in the supply of energy and commodities, corporate profits have surged.

Companies passed these higher input costs on to their clients, and then went further: margins reached record highs. Earnings before interest and taxes peaked in the course of 2022 at nearly 18 per cent of revenues on average for the largest US listed companies and more than 15 per cent for Europe’s biggest listed groups, according to data compiled by Refinitiv.

It took some time for central bankers and policymakers, more worried at first about a potential wage and inflation spiral, to take note. But they have now identified what has also been called “excuseflation” — when companies with market power seize on publicly reported disruptions to create legitimate justifications to increase prices — as a problematic behaviour because it heightens inflationary pressures. Anecdotal evidence is mounting in the US and the EU, notably Germany.

“This position, that profit and inflation have been linked, has now become mainstream,” said Isabella Weber, assistant professor of economics at the University of Massachusetts Amherst, who showed in a paper published this year that some companies had amplified US inflation in the wake of the pandemic.

It could be that policymakers are too late to the party already. While they remain historically high, profit margins have started to shrink in the past two quarters and companies are warning investors of tougher times ahead.

Partly this is because consumers, whose savings had grown during lockdowns making them more willing to pay higher prices, are becoming less amenable. Many are also having to budget for higher mortgage payments because of rising interest rates.

This hasn’t stopped calls for direct action targeting companies suspected of price gouging. Distrust in matter of pricing risks outlasting the trend itself.

When it emerged that prices of UK groceries had soared 17.5 per cent in March compared with the same period a year earlier, Société Générale global strategist Albert Edwards tweeted: “More Greedflation? When are governments going to force a halt to this price gouging? Smacking the consumer with higher and higher interest rates to suppress profit margin inflation is too blunt a tool.”

In the US, governor of California Gavin Newsom this week signed anti-gasoline price gouging legislation while in New York, attorney-general Letitia James has outlined plans to strengthen the state’s investigative powers on consumer price increases. Record high egg prices have also drawn scrutiny from Democratic lawmakers Elizabeth Warren and Katie Porter.

Weber, who suggests closer monitoring of corporate behaviour and some targeted price controls, welcomed the legislative and policymaking reaction but said it was rather late. “Generally speaking, policy response is lagging. A year has passed since we saw profits explode.”

A consequence of these high margins, she noted, will probably be more fractious labour relations, as workers start demanding a bigger share of the pie. “Companies need to redistribute these profits,” she said.

[loganair] 02/4/2023 13:38

una - Just trying to balance out the way too many overly optimistic posters.

[unastubbs] 02/4/2023 09:02

LoganAir has to be the most consistently negative poster of a share he or she purports to own that I have ever encountered! Not that I would filter him he's not a loon or vexatious poster. His Victor Meldrew-like anecdotes regarding his visits to his local Tesco are also highly amusing! Keep it up!