The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
Pokerchips
Yes , life would be dream buying at lowest n selling at highest point , lastest trading terms is about shapes, buying at the bottom of "V" , dithered on thurs not selling at 2.35p after buying at 2.26p ,Fri range 2.27p / 2.38p , so in 2 days 9p dividend collected already , i sold at 2.35p fri , Dow's dropping again , so expecting downward pressure again tomorw,like you said long way off ex div date June, plenty more multi "V" shapes opportunity, 2.40p circa ex div date should be a modest target , Gla
I have been buying this week, primarily for the 5% dividend
Roofer61
i was looking at buying and seeing for the lowest point to get in for the 9p dividend ( as demand for it will increase I expect)
..but the ex-div day isnt until June...so still a bit of a way to go....
I am cautious, ..everyone guiding for continued tough times ahead ....
At the moment it seems to be " buy the dip, sell the first tip"
good luck
Pokerchips
Quite right in what your saying , in these difficult times, it was always going to be a short term visit , sold this morning ,usual trick kept profit in shares to collect the dividends Gla
I have experienced rises of 10 and 20% recently there so you consider other places or alternatives. Inflation is rampant. After new year I noticed many items had 5p rises or more.
Assuming I've done the calculation correctly the share price is now considerably less than the value of the company assets. That shouldn't happen unless we're making a loss.
Yes it's uncertainty that's worrying investors
Big questions to ask over his future. Why were they so keen to bat away any takeover approach last summer or split off the online operations when anything online was commanding crazy p/e ratios. Yeah I get the pressures on profitability however this business should be valued at so much more than it is. Reason it is not is that over time we know that management doesn't give shareholders enough care and sees them as an annoyance. To busy on their next woke crusade which is irritating when things are going well, inexcusable when they are not.
Roofer61
the results are of little significance ...simply because they are now old and the market knew pretty much what they would be like anyway
the share price has fallen this morning more on the outlook Sainsbury has given for the year ahead ....and the uncertainty ahead...
so...it is all a bet on retail sales outlook I think
Surely an overeaction on results, must be worth a trade at these price
''I had sold on 28th Aug 2021''
23rd Aug
One word unacceptable
some at a little under 237p -
I had sold on 28th Aug 2021 at about 336p putting me into profit plus some free shares. Now with this purchase I hold at an average 151p
N A V 254.4 Yield 4.5% not bad in these difficult times. Good enough for me.
Back in this morning.
Sainsbury's own alot of their stores, but every now and then they do a sale and leaseback. In my view they are on a very slow terminal decline as far as shareholders are concerned. I once owned these shares and it was a nightmare with dividend cuts and a falling share price. I was saved by the SP rally following the ASDA deal that never happened and got myself a refund at 320p.
I note recently there was another ideal exit opportunity at over £3 on speculation a VC outfit might target Sainsburys' after the Morrison deal, but Morrisons are very asset rich unlike Sainsbury's who have some store lease liabilities and also corporate debt. However I wish you all the best here, as there are always surprises along the way and I might even get interested myself again, one day.
I still shop at Sainsburys for many items,and especially for their own brand quality mostly.
All the other discounters are fine but they were embroiled in the horse meat scandal, showing how slack there quality controls really were. Sainsburys actually do quality control. Great shop.
Agree . They seem to be well run ,also they own a lot of their shops.
I am in for long haul .
Just my thoughts... IMO.. Rising fuel costs, produce supply chain costs, along with inflation, energy prices going up by 50% today and rising interest rates. Similar to what happened with M&S / Waitrose > people moved down a peg to shopping at SBRY, the same will happen to SBRY... will test even the most loyal customers that will look for cheaper alternatives to Tesco/Aldi and as the cost of living increases, families will look to save pennies and pounds... easiest thing to cut is food costs..... so, overall rising costs and lower sales lead to a drop in results... and drop in SP.... most of which is probably what would be being baked in now with the SP.
All of the above is just my thoughts and could be complete Tosh!, but you asked!
DYOR, GL
Cant understand this share just keeps going down lower and lower....
Any thoughts ?
Management is a joke. Don’t care about shareholders AT ALL. Batted away any chance of a bid at the time of Morrisons deal for what? We could have probably got over £4, now we are under £2.50. Disaster
Can please somebody explain to me why Sainsburys has a P/E ration of 21, while Tescos has a P/E of just 4.6?
A merger with MKS is one answer. I doubt if the Competition wonks would object as MKS market share is small enough not to move the dial.
Very disappointed by share price movements recently, especially in comparison to tescos. Reason I think is obvious, not clear how management is planning on increasing shareholder wealth. Seemed that management did all they could to bat away a takeover at the same time as Morrisons. With the Morrisons deal now seemingly gone flat don’t expect such a good offer for Sainsburys now. Come on management, pull something imaginative to increase shareholder wealth. Split the online business off, sell and leaseback stores, sell land off for housing…. Something please.
I can see on the chart 259..20 below last nights close...watch for a sharp 20p fall at some point as an indicator for a bid...not saying this is going to happen today .. but would expect shenanigans like that if there was to be a bid ..
Today not important ..sometimes takes a day to sink in and move....,but figures look good to hold for a future bid
Good update - can it continue is the big question for the market.