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n3r - Article Published August 24, 2021. |
my search engine is showing this article as 4 days old. Can someone else check?
hxxps://be.fashionnetwork.com/en-be/news/Sainsbury-s-shares-surge-on-takeover-speculation,1327768.html |
 Asda doesn't seem to be able to get a break....
Struggling Asda’s credit rating is under threat if the supermarket fails to turn around its poor performance, agency Moody’s warned today.
It said retail veteran Allan Leighton, who was brought back to run the “big four” grocer again in November, nearly a quarter of a century after he left, must urgently sort out the company’s operational problems.
The Moody’s note compared the balance sheet strength and performance of Morrison, which is rated a weaker B1, and Asda. Moody’s said Morrison was putting its house in order since its £7 billion leveraged buyout in 2021.
But the agency added: “In tandem with battling for market share in a highly competitive market, Asda has faced substantial operational hurdles, related to customer service, store experience and product availability.”
The group carries debt or around £4.7 billion, up slightly on the £4.4 billion after the leveraged buyout by the Issa brothers in 2021.
Asda’s turnaround programme, Project Future had “consumed considerable management attention” and as of September 2024 had cost more than £800 million in operational and capital expenditure, Moody’s said, with a further £150 million estimate for 2025. |
.
The outcome is inevitable imo.
Not sure why these companies are trying to drag this out via legal process, for as long as they possibly can.
The final bill is going up every day as the interest accrues. |
This is really going to hurt ASDA....
Tens of thousands of Asda store workers have moved closer to a £1.2billion payout after the latest judgment in a historic equality claim.
An employment tribunal has ruled that most shop workers in the case have jobs of 'equal value to higher-paid positions' in Asda's warehouses.
The claim compared store roles largely occupied by women and distribution roles mostly performed by men and is being considered a landmark case for pay equality.
Unions have suggested the fresh tribunal ruling could pave the way for staff to receive back pay collectively worth up to £1.2 billion. |
Please disregard posts 1003 and1004 bin drinking, apols. |
3 new funds have opened a short position on SAINS in Jan 2025 which from where i'm sitting could be the main factor in poor share price performance relative to sector and index. TESCO current has zero |
since xmas they is a 9% delta between Tesco & SAIN share price performance which can't be explained by their corresponding trading statements. The index has outperformed SAINS in the same period by 12%!! I don't see how TESCO can continue to increase market share growth, SAINS clearly has more potential |
Since the year 2000, taking into account inflation, just to have stood still Sainsbury's dividend would be circa 70p, with a share price more like £12. |
divi yield remains high compared to competitors but share price growth relative to the index and competitors is terrible. The CPY is doing all the right things to counter increased operating costs (post Apr 25). Market share continues to increase. |
n3r - Why do you think over the past couple of years the QIA has reduced its investment in Sainsbury's by 60%. |
This share price is seriously depressing |
Sold out, luck to holders. |
None of you lot need to worry they have just laid the groundwork for the take over no new owner wants to start making redundancy..much better to let the previous owner sort out the wheat from the chaff and get any nasty flack ..
Ok al numbers suggest imminent bid mane days not weeks ….buy hold…”simple’s as that annoying little Meerkat says” |
bounty - I agree, close most of the in house Argos's and replace with pubs - doing something like this would be original thinking by the management, instead of the continual usual Aldi price Match or just lowering prices = lower margins.
Even last Christmas when I popped into a couple of Sainsbury's, the in house Argos at most had a couple of customers, while earlier in the Autumn, more often then not didn't have a single customer in them. |
Maybe a low/no alcohol pub/cafe in a supermarket would be a better idea than the Lidl format. They could always sell alcoholic spirits and beers to take home alongside. |
Just a thought...pub in a supermarket is a good idea, dad in the boozer while mum does the shopping. |
Lidl is not the first supermarket to foray into the pub world.
Back in 2019, Sainsbury's opened a low alcohol pub in London for just one day.
It was located on New Oxford Street and everything on offer had have an ABV of no more then 0.5%. |
I know, sell Argos and use the space for combined pubs/coffee shops!
Just as well I've sold my JDW shares if supermarkets are about to get in on the action :) |
What is Lidl upto?
Lidl to open NI pub after court case win - Lidl is set to open its first ever pub, which would seat around 45 customers, inside of a UK supermarket store with cosy booths - and shoppers will be able to drink on site.
A judge dismissed an appeal against the German retailer being granted a provisional licence for operating a bar within its store in Dundonald, just outside Belfast.
The proposed scheme involved reaching agreement with the owners of a local bar to surrender that licence with Lidl spending £410,000 to fit out a new in-store pub alongside an off-sales area.
The pub would allow customers to buy draft and bottled beer, wine, cider and spirits.
Lidl is yet to reveal how much they will charge for the booze or what kind of alcohol they would stock.
Personal note - A novel idea...If a Sainsbury's has space going spare in their supermarkets, how about opening a pub in that space??? |
An Asda spokesman said: ‘We’ve started 2025 as we mean to go on by cutting prices on thousands of products and there’s much more to come.’
But retail experts questioned whether lower prices would win back customers.
Industry analyst Nick Bubb said: ‘It needs to go upmarket, not more downmarket.
'But I think they’re embarrassed by the way the Tesco and Sainsbury loyalty card discounts at the till undercut Asda now and they’re pressing the only button they know how to press.
‘But any fool can cut prices. What they should be doing is developing their own loyalty card scheme.’ |
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