Sainsbury (j) Share Discussion Threads

[spob] 25/4/2024 08:25

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Regarding share buyback fees

As an example. Royal Mail paid an 8.5% fee for a £200m share buyback in 2022. Giving almost 16 million pounds to Bank of America ML

Anyone know how much Sainsbury's is paying ?

[unastubbs] 25/4/2024 07:44

i agree logan

[spob] 25/4/2024 07:13

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What is the most common word used in the Sainsbury's boardroom ?

UNDERLYING

[unastubbs] 25/4/2024 07:04

Dividend unchanged?? what does that signal? lousy performance from bank, non-food parlous. not a happy bunny...

[barnes4] 25/4/2024 06:38

Another well constructed post from an inch hi private i

[spob] 25/4/2024 06:30

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flush money down the toilet program is starting tomorrow

lots of juicy fees for someone

[spob] 25/4/2024 06:29

same old same old

[pirates4] 23/4/2024 13:52

Asda too like for like match with Aldi and Lidl

[pirates4] 23/4/2024 13:51

Buyers back in good prospect ahead for sainsburys

[blackhorse23] 23/4/2024 08:18

Sainsbury's ketchup produced by Greencore wins prestigious award

[loganair] 23/4/2024 07:54

Hav - A couple of years back I posted that Sainsbury's share price would fall to 150p which almost everybody on this thread laughed at. The share price fell to 170p, I wasn't too far off!

At the time, in the mid 180p's I doubled my holding in Sainsbury's.

How come I'm "a tube"?

[havinthelasttoast] 23/4/2024 00:28

Logan you are a great copy and paster.

Daft mug negative on this when it was 2.45 as well as tesco. Toasty loaded up whilst you posted drivel.

What a tube you are. Don’t worry I’ll be gone soon with all your doh ya bag holder

[loganair] 22/4/2024 21:04

Sainsbury's: Confident Outlook with Strategies for Growth:

​Sainsbury's is gearing up for its next earnings update on the 25 of April with a confident tone set by its recent capital markets day in February. The company is poised to report continued sales growth, driven by its strategic initiatives and ongoing cost-reduction efforts.

Expanding Consumer Spending in Key Categories:

​One of Sainsbury's primary focuses is to build consumer spending in the frozen food and household chemicals categories, where it currently underperforms compared to its competitors. The company recognises the growth potential in these areas and aims to leverage its strengths to gain market share.

Fresh Food: Capitalising on Existing Strength:

​While expanding its presence in frozen foods and household chemicals, Sainsbury's will also continue to build upon its strength in the fresh food category. The company has established a reputation for offering high-quality fresh produce, meat, and bakery items, and it plans to further enhance its offerings in this domain.

Leveraging the Nectar Loyalty Program:

​Sainsbury's has been effectively utilising its Nectar loyalty program to drive customer engagement and build market share. Through targeted promotions and personalised offers, the Nectar program has proven to be a powerful tool in attracting and retaining customers.

New Store Construction and Expansion:

​To further bolster its presence across the United Kingdom, Sainsbury's is embarking on a new wave of store construction. The company has identified areas where it has a low market share and aims to establish a stronger foothold by opening new stores in these regions.

Cost Reductions and Operational Efficiency:

​Alongside its growth strategies, Sainsbury's remains committed to ongoing cost reductions and operational efficiency. The company recognises the importance of streamlining processes and optimising its supply chain to maintain a competitive edge in the highly competitive grocery market.

[loganair] 22/4/2024 21:00

Jefferies upgraded its stance on a host of UK retail stocks on Monday - Marks & Spencer, Next and Sainsbury's were all upgraded to 'buy' from 'hold'.


On Sainsbury's, the bank said fears around an excess capex burden limiting free cash flow upside have provoked intense investor concern since the capital markets day in February.

"We believe this overstates the risks and overlooks the positives emerging from the most supportive competitive backdrop in UK grocery in decades," it said.

"SBRY in particular have outlined a multi-pronged approach to capitalising on this situation. As we noted after the CMD, the plan is to enable margin expansion through volume growth and opex control.

"All of which offer substantial upside to FCF, which we see at a cumulative £1.8bn over the next three years versus guidance for 'at least £1.6bn'."

Jefferies has a 300p price target on the shares.

[loganair] 22/4/2024 20:56

Issa brother close to shaking hands on deal to sell his £500m stake in Asda. A deal for the Blackburn brother’s 22.5% Asda stake is close to completion.

Through the deal, TDR’s holding in Asda would rise to about two-thirds.

Under the reported sale, Walmart will retain its 10% stake in the UK grocer, with Moshin Issa owning 22.5% and TDR owning the remainder.



ASDA was bought for £6.8bln, if Issa stake of 22.5% is sold for £500mln means TDR is now valuing ASDA at just at £1.8bln.

[loganair] 22/4/2024 20:48

Asda’s delayed trading update was “sketchy”;, in the words of Shore Capital analyst Clive Black, with a focus on adjusted earnings somewhat misleading.

“At a headline level [the results] show progress, especially in debt reduction,” Black noted following the results, which showed earnings up 24% at just over £1 billion and debt of £3.8 billion.

However, depreciation and finance costs matter, he added, with sources suggesting £441 million was spent on the latter over the year.

Asda had claimed it was the UK’s second-largest supermarket, which Black argued “somewhat misses the point” given volume loss and market share erosion.

(Note - Kantar puts ASDA 3rd behind Sainsbury's)

“Indeed, in the latest NIQ measure, [Asda] was number four behind Aldi,” Black said.

Asda has emerged as a takeover target of shareholder TDR Capital as co-owner Zuber Issa reportedly closes in on selling his 22.5% stake in the supermarket.

As news of the deal is awaited, “we sense that Asda will focus down on what it can control as well as eke out cash to further de-leverage,” Black said.

“Capital expenditure appears very light at the present, which raises questions about the level of investment in maintaining its core supermarket estate.

“How Asda's trading strategy evolves will be of sector interest,” Black continued, “we expect ongoing rationality”.

He added Lidl, M&S, Sainsbury and Tesco had “seemingly better assortments, dynamics, store standards, momentum and balance sheets to defend their market positions”.

J Sainsbury climbed 3.6% on the news, with Marks and Spencer gaining 3.1% and Tesco 2.4%.

[loganair] 22/4/2024 20:45

In a separate development, TDR is closing in on a deal to buy Zuber Issa’s stake in Asda, Bloomberg reported last week - that will be more debt ASDA will be taking on.


Britain’s third-largest supermarket chain is looking to raise £1.75 billion ($2.16 billion) through the bond sale, said the people, who asked not to be identified because they’re not authorized to speak publicly about the plans.

Separately, Asda is marketing a €1.05 billion ($1.1 billion) term loan, according to an announcement seen by Bloomberg.

[pirates4] 22/4/2024 15:39

1 million share buyer here again. I've noticed it's back only when sainsburys on the move up.

[pirates4] 22/4/2024 15:38

Solely to reduce share capital.

[pirates4] 22/4/2024 15:35

TSCO, tesco doing 1.2billion pound share buyback.

[pirates4] 22/4/2024 14:47

I want to optimistic here, the way the economy is back on the move, sainsburys is outperforming rivals . Its quite possible to trend upwards at this moment in time, could be a eye-catcher for investors to hold for long term.jmo. and d.y.o.r comes with risks.

[ellemaitch] 22/4/2024 13:27

Jeffries bullish on retailers