Could the £320m have been part-financed by the after tax profit of £716m? Could the rise in net debt of £222m have been used to open 1 million square feet of new floorspace? If the forecast 3% profit margin is achieved surely this equates to an eps of over 37p?
Little rise this morning And its going to be a beautiful day too STC
RE: Daily Telegraph on Sainsbury
I've a subscription to the paper - but take questor's advice, no thank you! As for SBRY we use the Larkfield one every week and get excellent service. I bought originally because I met Mr King at a M&S AGM, realised his potential and when he got the SBRY post bought in quickly!
Daily Telegraph on Sainsbury
ainsbury's full-year dividend pay-out of 17.3p per share is covered almost twice by its earnings. However, while the group's chief financial officer thinks the balance sheet is strong, the The Daily Telegraph's Questor team has its concerns. After all, last year's dividend of £320m in cash was part financed by a £222m rise in the company's net debt position. Current market consensus is for a profit margin of 3% in the year ending in March 2016, but a reduction to 1.5% is possible. Hence, a sustainable dividend would be something closer to 8p.
Staff share Options, every year, starting early part of the year, about march.
RE: Staff at SBRY
I'll second that. I was in Sainsburys the other day and the staff were great and I was struck by the Age and A/B demographic... older and clearly financially better off. They aint going elswhere in a hurry. And the Online Deliveries are busier than last year... I've spoken to a couple of drivers taking a 'fag break' in our area. Only comment I would make is that the Store was exceedingly cold... could've done with turninng the A/c down a bit. Save a few bob there.
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