Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Thanks... will confirm myself obviously ….however I really can see the appeal of certain aspects of the CMA allowing some kind of consolidation in the food sector to happen in the UK....as one must admit food stores have been sprouting up like mushrooms the past 6 or 7 years (M&S food stores, Ocado, Lidl, Aldi and Co-op mainly).
I believe that it's on Tuesday 30th April 2019.
I'm being lazy but does anyone know when Sainsbury's will reapply/appeal to the CMA and they will issues a further ruling on the issue?
Argos sells cheap things that are great for people who live in cities and the aspiring middle class. So it's a great business but I do worry about the profit margin...also how much demand can there be for some items when you have a catalogue of 800+ pages to choose from? I can't see how half the things are even needed really - so I do worry that with car factories closing down, and the economy slowing, that Argos would be relatively harder hit than most by a slowdown/collapse in discretionary spending. Discretionary spending is always vulnerable to economic cycles...then again I would class phones and tablets as discretionary items for many people....and nobody worries that mobile phone companies might be cyclical or just a passing trend/fad (although one that's last twenty years). However I do think more and more of the people I know are telling their employer that they will only check emails in the hours they are paid for and that it is up to the employer to provide them the items they need to do a job which requires lots of communication (hence work laptop and work phone). I do detect people are keener than ever to protect their free time, their leisure time, and that a nice outing in the car, or a good forest bike ride, is more appealing at an evening/weekend that ordering tit-tat on their phones....just wondering if the trend towards real people, real activities, protected time away from technology with family and friends, might take off and surprise a few people over the next decade....???? What do the residents on here think of such notions?
Pound down, Sainsbury's up? That's the opposite to normal isn't it?
Sainsbury's will move to pay small suppliers with turnovers of less than £250,000 within 14 days.
Sainsbury’s and Asda have announced plans to cap fuel price profits as part of their proposed merger.
Sainsbury’s would set a gross profit cap of 3.5 per cent on its fuel prices for the first five years following the merger.
“Sainsbury’s and Asda have also responded to the Notice of Proposed Remedies by outlining supermarket and petrol forecourt divestments across both brands that would satisfy reasonable concerns regarding any substantial lessening of competition as a result of the merger by applying a conservative yet reasonable threshold.”
According to the most recent data, Sainsbury’s was the UK’s fifth-biggest fuel retailer in 2018 with a market share of 10.2 per cent. Asda, with a market share of 7.6 per cent, was the seventh-biggest. Combining their portions of the market would create the UK’s largest fuel retailer – ahead of Tesco’s 16 per cent share last year.
Nice rise but only recovering from the massive drop. I knew they would challenge the CMA. SBRY need the merger to happen to be competitive. Should be a good gains for the rest offer week just making up old ground
signs of fatigue. 239p needs to hold imo. 229p looks possible on a big(ish) pull back.
Agree with PYUECK I bought a thousand shares yesterday for a long term hold. Happy to go in again with another tranch if it drops to 220 or below.
Merger or not, Sainsburys will develop into a core holding for me. GLA
That BoD statement looks pretty impressive to me. Onwards and upwards.
back in at 231p if still have my funds. maybe.
nice rise again.
as they say on Dragons Den. i'm out. took 241.1p. its sure to go a little higher now. maybe 243p this afternoon.
Statement re proposed merger of J Sainsbury plc and Asda Group Ltd
https://www.investegate.co.uk/sainsbury-j--plc--sbry-/rns/statement-re-proposed-merger-with-asda-group-ltd/201903191000033026T/
Nice recovery developing here. Thought they looked rather cheap so decided to buy, even though wary of current management complacency. Don't see Argos as a problem.
Thanks interesting article. Still think it would be such a huge reversal for the CMA to approve the deal with anything like tolerable mitigations that I can't see it happening unless there is a huge scandal.
The CMA annoys me. I don't really understand why a company is allowed to grow to have a huge market share in their sector, e.g. Amazon, Tesco, etc. with no review into whether the company having that large market share is good for the consumer, but if a company tries to get their through acquisition they are at the mercy of this pretty arbitrary body.
Still, in investment it doesn't matter what one thinks should happen, but what one thinks will happen. I think the ASDA deal won't go through as the cost of any mitigation's to get approval will mean the deal will make no sense.
I also think SBRY has had a bad year but with some focus on the business it can grow strongly again soon. The business needs to decide either go 100% for the ASDA merger and take the consequences or pull out and focus on the business.
The typical press commentary has been way too over the top regarding SBRY if the deal fails as if the business has no future without the deal. It does!
At some point also people will realise that delivering food to people's houses and only charging them next to nothing for delivery doesn't make any money. People get obsessed with online delivery growth, when actually that business model is so flawed. Which will be the first supermarket to boldly pull out the home delivery sector? At present they can't because the market will hammer them for it, but at some point the mood music will change.
Sainsbury are saying that the CMA got their sums wrong! It claims that the CMA has “double-counted” Asda convenience stores and incorrectly counted Asda Living stores, which typically are 33,000 sq ft and do not sell grocery items, as convenience stores.
When this error is corrected, it says, it results in 33 fewer areas than the CMA initially reported where stores would need to be sold. It adds that a coding error when assessing the impact on petrol supply has generated more than double the number of areas of possible concern.
Source the Times - https://www.thetimes.co.uk/article/sainsbury-s-criticises-asda-merger-report-jrpkpsdpj
Very interesting I wonder if the deal will be looked at again!
Up over 5% today. Just a bounce off the historic lows or something more positive?
Hi
In my opinion it's looking good technically to be long now. There are two share-price channels stretching back 20 years. Although the tops are different the bottoms are very similar. And the bottom has historically been about 220p, (give or take 10%). And the upside historically, extending the tramlines forwards, is about 320p (lower channel) or about 500p upper channel. So in terms of risk/reward it's a buy from me on a technical basis. Also despite what the fundamental analysts would want people to believe - there is not much evidence that fundamentals ever trump technicals. For better or for worse it seems the market is created by technicians who largely ignore the views of the fundamental analysts). Well that is how I explain the fact technicals are often better predictors of future share prices than fundamentals - although personally, for the sake of the "real" economy I wish people would listen to the fundamental analysts a bit more - because using technicals to reach company valuations is terrible when it comes to the "real economy" because often value is completely mispriced - the people who create value lose out - and the people who believe 100% in technicals like a religion make a shed load of money - and then people expect the world to be a reasonable place to bring their children up in - really? The more one's own actions deviate from rationality then logically the less rationally the next generation will behave - oh fuck it - nobody care - not I even really seeing that I know it's all social really as much as I think ability should count more than contacts, it seems contacts nearly always count far more than a person's ability. Anyway, none of this affects my reasoning above - the share price has rarely dipped below 200p during the past twenty years - Sainsbury's a stable business - what's not to like about the risk/reward?
Have just bought 10k of these. Solid company with a little short term weakness... strong hold for me.
istock,
Shorters have decided to punish this a bit more. Just means when it moves up it will now be faster.
Need a new CEO I hear Mike Ashley could be available.
...new low on the way???
I think today if the first in the SBRY SP recovery! Good time to buy!
WorldGoRound,
Amazozns Whole Foods takeover isn't going so well for them now is it.
Article talks about potential Amazon takeover of either Asda or JS could be interesting times to come.
http://a.msn.com/r/2/BBUgUWL?a=0&m=EN
guess not too long for us to claim the blue ;) every little blue counts ++