Sainsbury (j) Share Discussion Threads

[loganair] 10/1/2024 13:43

The UK needed to have encouraged Ireland, Denmark, Sweden and Finland to have exited the EU with us to then form a strong 9 country EFTA with Norway, Iceland, Switzerland and Lichtenstein and 10 if Estonia had come out which would have been a strong counter balance to the EU

[netcurtains] 10/1/2024 12:43

To some extent this is the problem with Brexit. Pulling out of Ireland because its no longer a single market.
Brexit is a real drag on UK economy..

[loganair] 10/1/2024 12:37

Sainsbury's shares hit by poor Christmas sales:

While grocery volume growth continued to drive a market outperformance at Sainsbury’s over rivals, traders have taken the stock down on poor merchandise sales.

Even though the company is still making a good profit, people were more focused on the bad news about the drop in sales of other products, rather than the good news about grocery sales. In the days leading up to the announcement, the value of the stock went up to its highest level since August 2021. But after the announcement, it dropped almost 5% to 291.3 pence. The decrease was mainly because the general merchandise didn't do too well, with a 0.6% decrease. The fact that they closed Argos in Ireland also had a bad impact on their overall performance.

People who trade stocks reacted to this news by selling their shares in Sainsbury's. They believed that the company's performance in the other products area was not good enough, so they wanted to get rid of their shares. As a result, the stock's value went down significantly to 291 pence per share, which is nearly 5% lower than before.

[dondee] 10/1/2024 11:53

If this is not a screaming buy at this price(drop) I don't know what is!

[dondee] 10/1/2024 11:52

If this is not a screaming buy at this price(drop) I don't know what is!

[dondee] 10/1/2024 11:50

If this is not a screaming buy at this price(drop) I don't know what is!

[imperial3] 10/1/2024 11:13

Unjustified very large fall inmho.

[spob] 10/1/2024 11:02

PUMP and DUMP

[netcurtains] 10/1/2024 10:29

perhaps it will bounce back?

Lets see...

[watfordhornet] 10/1/2024 10:23

Interested to know why? On 1st look I thought it was OK.Lacked detail on costs, referenced higher funding costs not being passed on but could not see anything to warrant c5% drop.

[philanderer] 10/1/2024 10:05

That update is not very good at all.

Top FTSE100 faller.

[pirates4] 09/1/2024 22:19

The thing with Aldi and Lidl advertising on TV is that they are not beneficial in any way apart from price comparison with Tesco and Sainsburys. Yet both Sainsburys and tesco have prices discounted with Lidl priced labels on shelves, also these guys have an healthy food option.

[blackhorse23] 09/1/2024 15:01

https://www.londonstockexchange.com/news-article/GNC/director-pdmr-shareholding/16281924

[powereddrones] 08/1/2024 17:22

Lidl's chief financial officer quits after budget retailer recorded shock £75.9million annual LOSS after battling to keep costs down despite hike in costs 'across the board'



This might be slightly older news, but not mentioned on here. A few CFOs are going to learn about "inflation", as we have enjoyed relatively low inflation since the 1990s and 1970s.

[loganair] 08/1/2024 13:18

I do not believe the last set of market share figures from Kantar for 2023 as they show Aldi has lost 0.9% market share falling from 10.2% to 9.3% over the past 3 months and it seems to me reasonable to say this is incorrect.

Also according to Kantar over the same period Lidl's market share has remained unchanged.

This does not seem right to me as the sales growth of both Aldi and Lidl has been higher then that of the other supermarket chains over the same period.

[konradpuss] 08/1/2024 13:09

Agreed they should be moving out to the M25. Lidl are in Tolworth. Tesco in Hertfordshire.

[blackhorse23] 08/1/2024 12:44

Bought some GNC today who is the main food supplier of Sainsbury's

[pete160] 04/1/2024 22:56

Sounds like Sainsbury's ought to be running Royal Mail, the rail companies, the councils, civil service, teachers unions, NHS unions, etc etc.??

[tim 3] 04/1/2024 22:12

They have also re classified loads of jobs that were previously paid a premium to standard rate.

[spob] 04/1/2024 21:48

.
Yes workers have lost out hugely.

Companies will increase 'headline' rates of pay, as they are FORCED to do so, by minimum wage law. But they will leave unsociable hour rates untouched year after year. Meaning huge pay cuts for workers, when comparing with the increased cost of living.

[rolo7] 04/1/2024 21:34

Sainsbury's has night premium and bank holiday premium still but reduced rates

[tim 3] 04/1/2024 21:27

Yeah it reminds me of the Tory's cutting tax or NI but freezing tax free allowance bands which affects low paid most.

[spob] 04/1/2024 21:18

.

Many supermarket staff are earning the same as they were 15 years ago. (When you look at things in detail.) Meaning they are now much worse off after accounting for soaring inflation during the same time period.


They have lost Sunday premiums

They have lost Bank holiday premiums

They have lost Night premiums

Their pensions have been mismanaged and their terms have been screwed

They have lost payment for breaks



You can fool some of the people, some of the time