Thanks for your response I am new to the site and quite new to trading so all advice / help is welcome. It's nice to see you hold some hope I have them as a long term share but I also done them on spread betting and could do with a sharp rise in the short term. Thanks for your thoughts and advice.
hope hope and more hope.
hi tas123 , if the results are decent and the dividend is increased slightly, then maybe it will reach your and my target of £3 40 . i hope it does. but being realalistic i have stated on here time and time again the only way i think £3 50 and above is reachable is a qaurtarie bid of improved results but thats unlightley. imo. im planning for the long term with these shares, maybe 2 to three years . amass 17 p dividend for 2 years then reacess. hope im wrong bigtime, but thats the way it looks but ive been very wrong before , so heres hoping. im also holding tescos and think the analogy is the same but a longer hold. it would be great to zoom forward 6 months to see where the land lies, so will just have to take divis and hope.
Can anyone see these getting anywhere near the £3.40 mark in the near future as that's were I need them to be. I honestly can't see it I wanted to know if there is anyone out there who dose or am I just living in hope
15 Apr '14
How big is this store how old is it, maybe it is one of the older stores marked for deletion with a newer bigger one near by or just for Sainsbury's to withdraw. When there are new stores there is often a hit on old ones but this balances out eventually and I don't think those who shop at Morrison's are the same people that shop at Sainsbury's.so never really see that as a problem. Look at the South of Birmingham on the A38 corridor from the M5 J4 to the city. 1 Morissons (Rubery) 3 Sainsbury's, Longbridge, Northfield, Selly Oak, 3 Tesco Locals all seem to do well it maybe that the regional Sainsbury''s team will do some restructuring of the client profile for that store and change what it supplies. In the example above the 3 sainsbury's stores are separated by about 4 miles on the same road, you would think that they eat each other but they seem not to, but they do supply in some cases radically different product ranges. The running and placing of supermarkets is a very complicated business.
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