Sainsbury (j) Share Discussion Threads

[bountyhunter] 03/5/2023 10:24

That's generous of them given we are at 284 already!

[philanderer] 03/5/2023 09:46

Bernstein raises J Sainsbury price target to 240 (200) pence - 'market-perform'

[philanderer] 28/4/2023 10:50

Barclays raises J Sainsbury price target to 300 (295) pence - 'overweight'

Bank of America raises J Sainsbury price target to 215 (200) pence - 'underperform'

[philanderer] 27/4/2023 14:20

House broker Shore Capital noted full-year pre-tax profit of £690mln was ahead of its twice upgraded £685mln estimate and said it has lifted its prediction for 2024 financial year by £15mln to £660mln.

“JS is working at pace, executing well, and engineering improving options for shareholders - note a net cash non-lease balance sheet,” the broker said.

“We continue to point out a high FCF yield (7.3%), attractive and sustainable dividend flow (flat year-on-year), and scope for management to talk to further shareholder friendliness,” the broker added.

But Sainsbury’s is battling a tough consumer landscape and a competitive industry with the likes of Aldi and Lidl driving price cuts putting pressure on margins as the battle for consumers continues.
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Zoe Gillespie, investment manager at RBC Brewin Dolphin, said: “SainsburyR17;s is caught between post-Covid normalisation and high inflation, which are simultaneously reducing revenues and cutting into margins.”

“That said, compared to where it was three years ago, the company is in a much better position,” she felt.

“It is a tough environment for supermarkets, which is one of the reasons why Sainsbury’s finds itself among the FTSE 100’s least favoured stocks by analysts.”

“But, it continues to perform reasonably well in the circumstances, with an improving share price, decent balance sheet, and levers to pull – such as the potential sale and lease back of property,” Gillespie added.


proactiveinvestors.co.uk

[bountyhunter] 27/4/2023 08:08

Snap 😉

[qantas] 27/4/2023 08:04

Good results shorts doomed to failure.



Please do your own research as always

[bountyhunter] 27/4/2023 07:53

"Sainsbury’s profits at top end of guidance
Supermarket giant Sainsbury’s today revealed underlying profits of £690 million for the year to 4 March.

The figure is down 5% on a year earlier due to the previous year’s Covid boost to grocery volumes, as well as investment in the customer offer and operating cost inflation.

However, the profits haul is at the top end of the company’s £630m-£690m guidance and also 18% higher than its pre-pandemic level.

Revenues rose 5.4% to £35.1 billion, which includes like-for-like grocery sales growth of 7.4% in the final quarter as food prices soared. General merchandise sales fell 0.4% but Sainsbury’s said its Argos division gained share in a weak market..."

[bountyhunter] 27/4/2023 07:43

Final dividend 9.2p in line with last year.

[bountyhunter] 27/4/2023 07:41

Underlying profit before tax of GBP690 million, down 5% and at the top end of GBP630 million to GBP690 million guidance range. Up 18% versus 2019/20 pre-pandemic UPBT of GBP586 million.

[qantas] 27/4/2023 07:20

Good results shorts doomed to failure.



Please do your own research as always

[chiefbrody] 26/4/2023 20:48

Penultimate batch of shares sold today. If there's no real bad news tomorrow, I'll let the rest ride a while.

[spob] 25/4/2023 21:52

27th April 2023

Final results 2022-23

[loganair] 22/4/2023 10:57

My main attention is on the price of veg and my morning cereal.

[bountyhunter] 22/4/2023 10:40

People pay attention to the price of milk. bread (and eggs;) but other things just get thrown in the trolley (not eggs!).
Results should be good imho.

[loganair] 22/4/2023 10:28

Last year my monthly supermarket grocery bill was circa £480, over the past couple of months buying the same groceries the monthly bill is closing on £660, that's an increase of around 40%.

[clive7878] 21/4/2023 21:08

72 Weetabix - Sainsbury - £8.00
Asda - £6.50
Farm Foods £5.50
Not matching these prices.
We are talking about huge percentages differences here.

We went into our Store and bought the last box of Duck eggs,
but one was cracked, but they would not allow for the cracked one,
in fact the supervisor was quite snotty, saying we dont give discounts,
but then it was not a discount - i just wanted to pay for what was perfect in the box. Effectively I was over charged. I use to do payroll and management accounting so I am up with figures and prices.
If a box of Weetabix was short one would not expect to pay for a full box.


I suspect results will be quite good -expecially with not so long ago they were selling the dark chocolate at £2.45 when again in Asda it was £1.60.

[chiefbrody] 21/4/2023 17:05

Time to sell some more again soon then.

[bountyhunter] 21/4/2023 10:53

Preliminary results next Thursday.

27th April 2023

Preliminary Results Announcement 2022-23

[philanderer] 21/4/2023 10:39

Barclays raises J Sainsbury price target to 295 (285) pence - 'overweight'