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Could have sold yesterday at £2.01 , but on a re-trace got a bit greedy, now looking for perhaps £2.10 by end of November , the dark days of early October are a distant memory for now ! By the way , where have all the nae sayers gone ? does nobody post on this site anymore ? X MAS IS COMING !!!
see Post of October 5th, Only 2 months to go!!!!!!!!
Targets are lower. This was a profitable bounce, but I feel a drop or double bottom coming perhaps.
https://www.shorttracker.co.uk/company/GB00B019KW72/
Shorting started to be reduced now 3.5 %
Good luck
We are verge on takeover as Market capital is right now 4 billion and share price touched bottom and comming up plus result due on 3rd November 22
Very short period left plus after result of tesco broker upgrade price today
Good luck
Also there's l&g relying on sainsburys as they are a major stake hold pension provider for sains .. although they haven't dropped quite as much , not a particularly good time to retire and take a lump sum annuities may be making a come back.
Yeah but we don’t have a management team willing to realise the value in the group. Should have sold the business last year at same time as Morrisons or the home delivery business in 2020.
Book value per share after all liabilities is 360.
Current sp only reflects sentiment not the book value and total assets.
Massively undervalued really but nothing will help In this market.
It's been in decline before covid..
Far from the bottom here.
I couldn't agree more, in absolute shock at this low share price.
Sainsburys + Argos for a rock bottom price. All time low share price in fact. Short sellers GLG and Blackrock have seen to that.
Low pound means sharks and private equity will be circling. A matter of when not if. Qatar in prime position as already holding a large stake.
Hide the massive profits with a Slum dog share price 55555
I am not sure affected by Tesco! I think affected by the worst inflationary period since the 1970's which is hammering consumer sentiment at the same time as driving up all sorts of costs for retailers. It's tough out there, real tough, but think they will get through it and brighter times will return. The next few years will be rough as anything.
Just got involved here , Price affected by Tesco but Hey Christmas is coming , Looking for £ 2.00 ++ by December !
They weren't actually as bad as I feared. I think the issue for all retail stocks is that consumers are under real pressure but so are costs so inevitably margins will be squeezed hugely just to not loose too much revenue.
I think also Sainsbury's suffers from long term having very poor management with all proposed or actual transactions in recent times having either not completed or being value destructive.
However, saying all that I don't anticipate Sainsbury's dividends being cut in the near term and the yield at over 7% is looking pretty attractive now. Long term all grocers will have to eventually put up prices to maintain margins and I think Sainsburys for all its faults has a decent brand and sure will be around in 10 years. Therefore I think its a long term buy but the next few years could be rocky.
Don't look too clever.
I wonder if they'll drag us down as well or perhaps the drop is all priced in?
Bought a few of these.
Decent business and food always in fashion.
Gone day a hell of a long way so who knows....
Yes makes sense right?
Huge property portfolio to boot.
You can almost smell a Rights Issue here!!
This really isn’t working. I think the boohoo update has frightened the whole retail market. Consumer confidence declining ever more, costs increasing and cost of debt increasing.
Well, the sale of the freeholds isn't going through, however I now note that Sainsbury's were going to use the proceeds to buy freeholds to some of it's other stores. I'm somewhat relieved to hear it and hopefully it won't sell any freeholds in the future ( except to purchase other ones).
"It noted that on Wednesday it said it would have used proceeds of the sale for the purchase of 21 freehold Sainsbury's supermarkets from the Highbury and Dragon portfolios. "
Yes cheers Kingalf definitely making it's less attractive to a predator, but remember the VC leeches would have to bid for the company and relieve current shareholders of the continued under performance and then work hard/smart to recoup their own investment with a return. It would be the new owners, that get saddled with more debt, being the VC's themselves or anyone they could eventually sell the company to. I certainly wouldn't by buying it from them and not sure I even want it now.
IMO Sainsbury is likely already unattractive to VC wolves. Not enough real NAV in store/land ownership and possibly diminishing further unlike Morrisons had.
Could well be part of a defence strategy against a possible takeover. Selling off assets and leasing back is precisely what the likes of Apollo would do, but at least the funds remain with the business rather than pay these leeches hefty dividends and saddle the company with huge debts.
of nearly 20 stores from what I read online. I would try to block that if I was a shareholder unless the proceeds went directly into a special dividend, which I don't think likely and instead a balance sheet structuring/strengthening move but IMO it's not good to sell the family silver, so to speak, and rather should address trading/profitability growth issues. It's a short/medium term move that helps the balance sheet but will increase long term liabilities (additional leases) for shareholders.
for Sainsbury's It's not just potentially supermarket sales and with competition from the two discounters but also the electrical/home goods market with Argos.
Today's 4.24% fall is a sign the market is concerned. Is it possible we might even get a profits warning? Is the dividend safe? Tesco and Marks and Spencer are also close to 5 year lows in their share prices.
There seems to be quiet alot of price matching which hopefully can help keep Sainsbury's customers in the stores and I expect there is still a margin on those products.
I'm still a buyer of Sainsbury's own brand products as i'm sure the quality is better, but I do get other items from Aldi and Lidl and they are really good quality.