"has to end up somewhere".. well if things turn for the worse and supply chain of grain, and other food igredients become affected then supply into Sainsbury will be affected and sales will fall....then cash becomes a safer safe haven... Clearly at the moment there is no need to panic but an escalation of problems in Ukraine can have affects far and wide IMO ..(depending how long it lasts of course)
well the only consolation today is the SBRY is down less than the FTSE100 and down less than other supermarkets. A lot of money being pulled out of the riskier places has to end up somewhere and they don't come much safer than SBRY. Expect to see some good buying here once the dust has settled.
down down down
well with this russian problem , its down down and down, unless the qautaries start bidding .
What is happening in the next week or so?
Sainsbury PLC (SBRY.LN), upmarket chain Waitrose, and discount retailers Aldi and Lidl all showed strong performances in the 12 weeks ended Feb. 2, despite the overall grocery market growing at its slowest rate since 2005, Kantar Worldpanel said Tuesday. Sainsbury's market share rose to 17.1% in the period, compared with 17.0% for the 12 weeks ended Feb. 3, 2013, according to Kantar, which monitors the household grocery purchasing habits of 25,000 demographically representative households in the U.K. Aldi and Lidl's joint market share rose to 7.3%, from 7.0% a year earlier, while Waitrose's market share rose to 4.9% from 4.8%. Former darling of the sector, and current market leader by market share, Tesco PLC (TSCO.LN) saw its market share fall to 29.2% in the latest 12 weeks, from 30.0% in the year earlier period, Kantar said. Asda, a subsidiary of Wal-Mart Stores Inc. (WMT), saw its market share fall to 17.3% in 12 week period, from 17.7%. Wm Morrisons Supermarkets PLC (MRW.LN) market share fell to 11.3%, from 11.8% a year earlier.
Interim results for the 28 weeks to 28 September 2013 Total sales (inc VAT, inc fuel) up 4.4 per cent to £13,953 million (2012/13: £13,365 million) Total sales (inc VAT, ex fuel) up 4.0 per cent Like-for-like sales (inc VAT, ex fuel) up 1.4 per cent Underlying profit before tax(2) up 7.0 per cent to £400 million (2012/13: £374 million) Underlying basic earnings per share(3) up 9.2 per cent to 16.6 pence (2012/13: 15.2 pence) Return on capital employed(4) of 11.4 per cent (2012/13: 10.8 per cent) Return on capital employed excluding pension fund deficit(5) of 10.5 per cent (2012/13: 10.3 per cent) Interim dividend of 5.0 pence, up 4.2 per cent (2012/13: 4.8 pence) Revenue (ex VAT, inc fuel) up 4.3 per cent to £12,684 million (2012/13: £12,160 million) Profit before tax up 9.1 per cent to £433 million (2012/13: £397 million) Basic earnings per share up 8.5 per cent to 17.9 pence (2012/13: 16.5 pence) Outperformed the market, increasing market share to 16.8 per cent(6), the highest for a decade, completing 35 consecutive quarters of like-for-like sales growth Operational cost savings of around £55 million, on track for around £100 million for the full year Improved underlying operating margin by 7 bps to 3.47 per cent (up 6 bps at constant fuel prices) Defined benefit pension fund triennial valuation complete resulting in funding deficit of £592 million, a £635 million improvement on the 2009 valuation. Recovery plan agreed in 2009 remains unchanged
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