Sainsbury (j) Share Discussion Threads

[bountyhunter] 09/12/2023 11:51

That's a different channel with Piers Morgan etc

[netcurtains] 09/12/2023 08:56

cumnor: GB news? Do you mean the BBC news? They dont do adverts with anyone...
I'm not sure what you mean by GB news...

[cumnor] 09/12/2023 05:46

Just heard on GB news Sainsbury wont advertise with them or have dropped them. If that's the case f..k them and will use competitors at every (and there are plenty) opportunity possible.

[philanderer] 09/12/2023 00:41

MARKET REPORT: Sainsbury's shares set for best year since 1992

[netcurtains] 08/12/2023 18:08

I certainly think an end of day price of 300+ is achievable Touchwood!

[noobiedoobie] 08/12/2023 17:37

I been aggressively buying SBRY since I mentioned last time. Nice to see 300p hit today. I have extended target price to 600p. I continue to add and will raise target price accordingly, which will be double the max recent price

[netcurtains] 08/12/2023 13:44

Well I thought I'd get a few since I've downloaded the Nectar App onto my phone..

I really like getting all the Nectar bargains round the store...

I think they should have a great Christmas!

[bountyhunter] 08/12/2023 10:29

That's an improvement!

[philanderer] 08/12/2023 10:01

Goldman Sachs raises J Sainsbury to 'buy' (neutral) - price target 350 (305) pence

[bountyhunter] 08/12/2023 09:58

Broken through 290p, new target to break through is 300p :)

[spob] 07/12/2023 22:52

.


Instead of moving away from London to save money for shareholders, they are moving 2 minutes down the road.

[spob] 07/12/2023 21:00

A fool and his money ...

[spob] 07/12/2023 20:41

.
Sainsbury lords become biggest donors to Tories and Labour





Support from members of supermarket dynasty swell party coffers ahead of general election


Jim Pickard in London

The largest private donors to the Conservatives and Labour in the current parliament were both called Lord Sainsbury, as cousins from the eponymous supermarket dynasty handed vast sums to Britain’s biggest parties.

New figures from the Electoral Commission on Thursday showed the late Lord John Sainsbury, a Conservative peer, left a record £10mn to Britain’s ruling party in his will, the biggest single sum ever given to the Tories.

His cousin Lord David Sainsbury has also been the most generous private donor to the opposition Labour party, donating £5mn in total since late 2022, according to commission data.

The donations underscore the extent to which a small number of business people are contributing large sums to the UK’s main rival parties as they prepare for a general election expected next year.

John Sainsbury was chair of the British supermarket chain for 23 years from 1969 to 1992, when he was replaced by David. He died aged 94 in January 2022, leaving an estate worth about £600mn.

He left the £10mn to the Conservative Party Foundation, which funds bursaries for parliamentary candidates rather than routine campaigning.

The gift received in September eclipses the party’s previous largest donation of £5mn, given earlier this year by Egyptian-born billionaire Mohamed Mansour.

John Sainsbury, who was knighted in 1980 and made a life peer in 1989, was one of three brothers who took the family business public in 1973.

Their cousin David Sainsbury, chair of the company from 1992 to 1997, is a political leftwinger who has become the most generous private donor to the Labour party in recent decades. He entered the House of Lords as a Labour life peer in 1997.

David Sainsbury was a generous donor throughout the New Labour years when Tony Blair was prime minister. An ardent Europhile, he gave money in 2016 to Labour and the Liberal Democrats — ringfencing the sums for the Remain side in the EU referendum — as well as £4mn to Britain Stronger in Europe, an anti-Brexit campaign.

His donations to Labour dried up under the “hard left” leadership of Jeremy Corbyn but he has stepped up his funding since the arrival of current leader Sir Keir Starmer, who has ditched Corbyn’s more radical agenda and expelled him from the party.

The supermarket baron gave Labour £3mn in the second quarter of this year and £2mn at the end of last year. His daughter Fran Perrin has also become a major Labour donor.

John Sainsbury’s £10mn gift to the Tories propelled the party to total donations of £15.4mn between July and September 2023. The figure also included £2mn from Graham Edwards, the party treasurer, and Malik Karim, a former treasurer who gave £250,000.

Labour, by contrast, only received £3mn of donations, including £500,000 from former Autoglass boss Gary Lubner and £362,625 from Unite the Union.

The Liberal Democrats received £1mn in donations during the third quarter.

[loganair] 07/12/2023 11:35

I think there is something very wrong in Britain today when many supermarkets, including Sainsbury's and Tesco have more security in them than many countries do for that national gold depositaries.

[bountyhunter] 06/12/2023 17:20

290p now, looking at the chart a key resistance level, will be positive if we can break through that.

[loganair] 06/12/2023 17:17

I wasn't too far off as the share price in October 2022 dropped to 170p when 6 months plus earlier many posters were pooh-poohing me as ridiculous when I posted the share price may drop as low as 150p.

[loganair] 06/12/2023 15:37

Sadly these analyst rating and price targets are all but worthless as their motive is to do what is best for the financial house they work for and are usually working against the small retail investor - cheap lot of spoilers the lot of them.

[philanderer] 06/12/2023 15:15

Bernstein raises Sainsbury's price target to 300 (290) pence - 'market-perform'

[loganair] 01/12/2023 12:12

Not contrasting views, rather trying to move things to their advantage so they can make the most money out of it - the report's put out by the likes of Goldman Sacs are a pack of lies they don't believe in.

[bountyhunter] 01/12/2023 11:45

Contrasting views! JPM probably read the Questor article and decided to top up ;-)

[philanderer] 01/12/2023 11:15

JPMorgan cuts J Sainsbury price target to 245 (250) pence - 'underweight'

[pirates4] 01/12/2023 08:40

43 shares each bought by 3 of the pdmrs.