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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.
Hard bounce today.
Recently, stock control at Sainsbury has gone haywire. Many own label products are unavailable or have been withdrawn. Promising to match low prices is meaningless if only higher priced alternatives are on the shelves!
yup in the area i live in oxfordshire sainsbury has hardly any customers anymore and aldi is jam packed.
Broken thru £2 barrier on the down side yesterday probably due to the ABF warning. Must be losing customers to the likes of Lidl too. People have got to buy food whether we are in a reccession or not but not neccesarily from SBRY I suppose.
Had been waiting for £2 to break but I think I will watch and wait now.
Sp rises 5% over 2 days after a big fall and that's takeover territory?
Reality check required methinks. BWTFDIKA
Starting to bubble possible bid on cards
Shocking, the February 1st my 5 years will be up on the share save scheme.
Obviously glad to have it, but truly gutted after all these years the price will be like for like.
Really hoped to make some money on this investment.
We're in the money? Evidently not all of us are.
Yep useless woke management. Don’t give a …. about shareholder value. I emailed them two years ago asking them to float off the online business as could have got 5-6bn for that alone at the time.
Damp squib at the moment
J Sainsbury PLC market share edges down to 14.9% from 15.2%, and sales fell 2.2%. (over the last 12 weeks), according to figures from a data analytics firm.
Pretty much confirms why the shares are drifting.
The next dividend is the interim dividend so normally smaller.
Yes, I got my dividend shares on Monday thank you for answering.
Incontrol,, depends which broker, probably be Mon, iweb surprisingly in today , Sufc be tucking into his STEAK , enjoy
incontrol---click on SBRY financial diary for the answer. GLA