Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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2 RNS on same day one is buying shares to reduce total one is issuing more shares to use in share options payment. Why not just use shares bought in to pay out the options ?(held in treasury I think this is called)
Sainsbury's have been buying freeholds, not selling them. Last year they paid £431m to Supermarket Income Reit for full ownership of 21 stores.
Still I don't think it'll be acquired any time soon. Morrisons buyout being at the top of the market and losing market share soon after will be a bit of a cautionary tale for others. Likely supermarkets out of play for a long while yet. In the meantime, bearing in mind it's a boring consumer staple in a sector renowned for small margins, it's still a perfectly fine business.
Unfortunately profit margins in grocery retail are paper thin, Aldi, Lidl have put the squeeze on the big 5 UK supermarkets...can't see grocery retail doing much at all apart from keeping a regular dividend.
Hi
What the hell is going on with sainsburys.....doesnt seem to want to move
Commencement of Share Buyback Programme.
Further to the announcement of 7 February 2024, J Sainsbury plc is pleased to announce the commencement of a share buyback programme of up to £200 million, to be completed by the end of this financial year, 1 March 2025.
Very disappointing performance compared to Tesco, flat profit, flat dividend just don't see where growth is going to come from. There's too much competition from Tesco, Aldi, Lidl, Ocado etc etc....UK retail looks to be going nowhere for the next 20 years but sideways it appears...JMO Adyor
They'll be back up tomorrow
Sitting duck on the drop. IMO only!
Good results, profit ahead of forecast, yet SP down. Surely it can't stay like this?
Hoping for a jump to £2.85. Think results will be ok
Hi expected profit announcement is £697 mil - any idea on what the sp will do ?
Sell now or hold ?
TY
Any idea what would be the attraction for a bidder? What assets do Sainsbury's have that can be stripped out and value gained by a bidder paying such a high price?
Morrisons had a vast estate of Freeholds and spent years behaving more like a charity so shareholders took the takeover offer as the choice was a continued languishing financial performance.
Sainsbury's have been slowly selling freeholds to manage it's own long term financial decline and has sizeable debt also.
Possible bid at 378 imo nice round 130 from the 247/8 gap up…keep a close eye on this
They have to cut back the hours on the checkout.
Haha
I think your wish has been granted.
Even the card machines have stopped working now
"They have cut back the hours on the checkouts."
Isn't that a good thing? Checkout staff are then able to do other jobs and have greater variation to make up their work hours, I would have thought. Perhaps the self checkouts have enabled this progress as I see it? I certainly hope it's not because of lack of customers.
Even Aldi, once the fastest checkouts in the world or the shopping falls everywhere, has installed self checkouts in a bid to move items out of the store even faster for efficiency gains.
That’s socialism for you
As someone who works for the company I have seen alot of changes over the years. Its not an easy job like it used to be. Them that can do more get pushed to do even more and the lazy folk seem to get away with doing little. I can see them making cuts in the bakery in the future and possibly they will merger there gm and argos since both sell the same things. They have cut back the hours on the checkouts. I've seen long term staff leave the bussiness because of some of the changes.
Issue with non food is that while it tends to have a decent margin it's generally space hungry and low volume. Core food not as high a margin but is the thinking that the volume sold will make it more profitable?
Also in the short to medium term, with the issues in the middle east, non food is susceptible to issues and delays with shipping that tend not to impact food as much.
Yes, most of what they propose is sensible, delivering it is what counts. I didn't see (only skipped through it) of their continued move to move Argos stores inside Supermarkets. I think that's a great strategy - they can keep the turnover whilst reducing overheads, Maybe they've done as much as is practical there.
I think the market's reaction is a buying opportunity.
Maybe but that would probably be the same for all of them. I guess they didn't like the Cap ex they're proposing? Shame, it was gaining some nice momentum and if there is going to be a takeover, they would be next imo.
From my own DD it seems they have a better profit margin on non-food than food.
Cutting costs, share buyback and paying dividend. Not sure what the market didn't like about this apart from them saying they're concentrating on food sales - maybe they wanted them to concentrate on non food sales?
What do we think of the news today and the SP drop?
Thinking of getting in.
Bit of a sell off here but once we break 300p we breakout from yearly downtrend
Strange today. Sbry Mks and Tesco all down and Ocado positive. and seems to really like 581 ish for the last 3days … Somthing bubbling imo