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Rockon
My advise, look out for when they buy back and follow their lead.
There were 700,000 shares sold by directors in may !
NAV doesnt matter ......right now....in the current market
All the market cares about right now is EPS and ROCE and gearing ..... and EPS is under pressure everywhere as we know because of costs pressures .... the market thinks there is a lot of pressure to keep up earnings ... cost pressures are getting more and more ( through not fault of their own)
What the property values are aren't of importance right now ..in the sense that ..it is what returns you get from the assets that matter ...if an asset no longer produces an profit, for example, it isn't perceived to have the value it once had ...
The Sainsbury company is worth more than the share price if sold...yes...of course ....... it is trading below its enterprise value ....but ..on a day to day basis .....the market trades on what earnings the assets are perceived to produce ...
The problem is the macro environment of course ..not JS themselves ....but they operate on such a small bottom line profit margin than comes from passing through huge volumes through it stores....so you need those volumes to continue....
Shorting has its place ..nothing wrong with it.. as such....if you can buy shares with money you do not have ( ie buying on leverage) then the market will also allow selling of shares that you do not own..... you will never get rid of one without getting rid of the other ...and that isn't going to happen....
Shorting and leverage are basically the same thing ..just opposite ends of the market ..one for bulls, one for bears
There is "abuse" with leverage to pump prices up as there is "abuse" with shorting to bring prices down
I worked at sainsburys once the colleague toilets were dirty but the customer toilets were clean they had some good environmental ideas like using rain water to flush the toilets and recycle plastics and cardboard.
Where is the Bid???!!!!
It is only a matter of time at this dirt cheap level.
correction. I've never shorted this one
Roofer61
I've never shorted myself and anyone doing so now must have a big pair.
at under 208p - an average up top up - average price now just under 166p
Morrisons bought for 7 Billion!!
Wonder if the shares are being pushed down so we can be 'saved' by some dirty equity group!
Good2bhere
Im pleased your doing well here, im just totally against shorting, should be banned in my humble opinion,n avoid shares, only my fault not checking, traded this share about half dozen times , keeping profits in shares, but sold this morning only small position thankfully, ( 2896 shares ,loss £427 - divs £286= £141 total loss) a good night out for two , Gla
Waiting patiently for 180, not going to rush into this one.
Bloomberg is saying the price to book ratio is 0.58
What is SBRY's NAV to SP, 50%?
What's the bet Blackrock has to pay itself.
Nav does matter. Fundamentals always dictate movements in the end, it's what makes a share cheap or expensive.
some of those short-sellers make take the opportunity to take their profits given such a discount to Nav and apparent value
Nobody cares about NAV right now ...the shorters have to pay the dividend today ...but the share price drop is more than that so they will aim to get it lower
The shorters will have bought back before the ex-div otherwise and saved themselves having to pay the dividend today
just added more of these to my holding, was tempted after results but decided against buying for the divi. anything around £2.10 for this is good value. should be £2.50 plus
Agree the CEO's are being paid too much.
Also it would be good for Sainsburys to take a leaf out of Audi/Lidl's book. You don't see their girls on the till (sorry persons
before i'm done for sexual discrimination) sitting around when there're slack , they get up and find something else to do.
Withe ex-div drop today, some of those short-sellers make take the opportunity to take their profits given such a discount to Nav and apparent value. It would be good for all holders to see buying bring the SP back up.
Casino investing. We'll See.
Roofer61
I take your point but this has been shorted for years (unjustifiably in my opinion)
Nevertheless I have traded this for a long time and done well. It will no doubt drop this morning
but in my opinion soon recover, time will tell.
Look at Tesco's NAV, half it's share price.
Sainsburys workers ought to be asking for 200% incentive pay rises to mirror the trebling of the CEOs own pay packet. The CEOs own focus appears to be driven by taking a bigger slice of a diminishing pie for himself rather than growing the top line or size of the pie. 'Saving to invest' in your own pay packet at others expense will only do harm
Good2bhere
Click on short position above , 4.33% total
Golden rule on check list i use before trading always check for shorts, completely forgot , jumped on this from tesco , no shorts their , come ex div tomorw , see this trading range under 2.00 now , hopefully im wrong
This must be a screaming buy. What are we missing?
Hopefully maybe , just just maybe , we see a little rise today ?????
Hahahahaha
The usual run up to ex dividend date on solid FTSE 100 stocks is a move higher.
You don't often see a share drop 10 %
The vulture's must be circling here
I got a little inheritance money coming in August, so looking likely I be topping up here ...lol
Hi Pokerchips, so in your opinion little to do with the bad press towards the CEO concerning his pay rises but everything to do with Blackrock ?
That would make a lot more sense TBH. His pay is not extreme for large companies as you say.
Over 4% of stock out on loan is a quite a bit.
Going to be a matter of patience then. New lows expected.