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It's a pretty chunky sale ?
Nice director buy 100,000 shares
3.9p divi, sp down 6.8p - seems like a fair deal! LOL
Sold at a loss yesterday at 210p, having recovered over £2k of losses in last month. To paraphrase Warren Buffet. Never be afraid to take a small loss.
Expecting these will retrace a bit so hopefully not too long before back in. Maybe even before XD date.
Thank - you gentlemen , job done, target achieved - over and out
It’s a solid company, supermarkets are struggling at the moment so it’s a nice surprise to see the sp. With the weak pound, this has to be on the radar for a takeover? Someone would get it at a big discount
I think you have to substantiate your comment. Unless of course you are short as your comment is utter drivel.
Currently valued at half NAV. Strong position in the market. The Argos move genius... gives a real competitive edge on the traditional big 4, especially where they offer in store conessions for the Argos store. They have a specific large mass market clientel who go there because there offering is slightly different.
Currently up 3% so the market likes these results
Yuri - I suggest you do your research a bit deeper. Given the asset base of Sainsbury’s , revenue going up, stabilisation of market share, profit forecast unchanged for the year and a great dividend!
I would say not encouraging news, with these results there's not enough basis to support valuation/mcap.
Nae nae
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 !