Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video 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.
Started: FALCONER-FLYER-2, 19 Jun 2024 09:06
Last post: Briny, 19 Jun 2024 10:06
Agreed Falconer. HSBC have given a new target SP of 325.
My local store is always mega busy, the argos counter is long ques, Share Price needs a kick up back side, tills going kerching.
Started: Oracle1953, 22 Mar 2024 10:37
Last post: NickRubens, 7 Jun 2024 11:10
404x "Sainsbury's have been buying freeholds, not selling them. Last year they paid £431m to Supermarket Income Reit for full ownership of 21 stores. "
Yes cheers just noticed and read an article about that. They were trying to sell £500m worth of stores just a year prior to that and it fell through. I presume they will try again to sell and leaseback these stores at some point. I don't know what the strategy is except a reshuffling at best.
What sort of debt are sainsbury's holding these days. I presume they will be rolling over debt at a higher rate now. LIDL suddenly made losses due to it's debt rollover with rate rises.
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.
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
Bought a few more. Will reinvest dividend too. Should see a share rise after they stop keeping it down for the share buybacks.
We went ex divi today no?
Massive fall straight out the door…
no news
Started: Oracle1953, 6 Jun 2024 08:53
Last post: Oracle1953, 6 Jun 2024 08:53
That’s the reason then ..thanks
Started: FALCONER-FLYER-2, 3 Jun 2024 14:05
Last post: FALCONER-FLYER-2, 3 Jun 2024 14:05
9.20p due, really thought this be up in low £2.90s.
Started: samson123, 2 May 2024 13:57
Last post: samson123, 2 May 2024 13:57
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)
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
Started: KUMS, 26 Apr 2024 07:26
Last post: KUMS, 26 Apr 2024 07:26
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.
Started: Adam21, 18 Apr 2024 19:07
Last post: moniman, 25 Apr 2024 21:11
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
Started: thriller40, 27 Feb 2024 17:46
Last post: BilboMultiBaggin, 16 Mar 2024 13:00
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?
Bit of a sell off here but once we break 300p we breakout from yearly downtrend
J Sainsbury!
Started: Oracle1953, 26 Jan 2024 15:05
Last post: Oracle1953, 26 Jan 2024 15:05
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
Started: exiledsaint2, 9 Dec 2023 07:26
Last post: Benjamin1, 13 Dec 2023 20:45
Takeover by whom?
The way this has been rising the last mont, you can all most smell takeover in the air….
Https://www.thisismoney.co.uk/money/markets/article-12843117/MARKET-REPORT-Sainsburys-shares-set-best-year-1992.html?ico=mol_desktop_money-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Findex.html&_ga=2.140739634.1461393126.1702155901-829466088.1679172563&_gl=1*16658el*_ga*ODI5NDY2MDg4LjE2NzkxNzI1NjM.*_ga_XE0XLFFF16*MTcwMjE1NTg5Ni40Ni4xLjE3MDIxNTYwMTkuMC4wLjA.
Beauty!
Last post: Troajan, 31 Oct 2023 18:10
Started: Neversellshell22, 13 Oct 2023 16:57
Last post: Hardboy, 13 Oct 2023 17:37
Bestway have increased their stake in Sainsbury's from 4.42% to 4.99%
Can anyone explain todays RNS please?.
Many thanks
Started: OWLS, 9 Aug 2023 16:27
Last post: OWLS, 9 Aug 2023 16:27
I'm invested here based on good recent momentum and a decent dividend.
Started: dubious, 27 Jan 2023 20:04
Last post: Taverham, 4 Jul 2023 07:23
Sales increase below current inflation rate - so treading water imv.
IN AUCTION
I was on that journey too. I'm the end I sold out and brought elsewhere thinking I'll come back. Totally forgot and looked that and boom. Another take over might happen. Wouldn't be surprised if these went over £3 again as previously if the takeover becomes more material.
Predictive text changed Qatar into quarter. More disappointed!
I bought these 8 years ago at 307 as it was said Quarter were interested in buying Sainsburys. They went down. Then they went up and I found myself in profit when they were hoping to buy Asda only to be disappointed again when they weren't allowed to. Just one big disappointment.
Started: PYUECK, 27 Apr 2023 10:16
Last post: Yellowstone, 24 May 2023 13:22
If you missed the excellent presentation from Director of Investor Relations, James Collins, earlier this week you can watch a recording here. https://youtu.be/2rg272x1ChY
Pretty dissapointing results really, especially the cut in final dividend. Whilst full year is in line with last year after it rose in first half for it to fall in second is a pretty hard one to swallow. As this company has little going for it apart from the dividends it makes an investment case harder. Management need to seriously consider how to realise value for investors. After missing the boat at flogging off their online business during the boom of 2020/21 they are now left with the options of further store/land sales or flogging off the whole business. Anything north of £3.50 and I will happily accept.
Started: ShareSocUK, 9 Apr 2023 02:15
Last post: ShareSocUK, 9 Apr 2023 02:15
ShareSoc and Yellowstone are hosting a webinar with Sainsbury's plc (SBRY) on 22/05/23, which may be of interest to current shareholders or potential investors. James Collins (Director of Investor Relations) will be presenting. You can register here: https://www.sharesoc.org/events/sharesoc-yellowstone-webinar-with-sainsburys-plc-sbry-22-may-2023/
Started: Carpking, 1 Feb 2023 13:20
Last post: AbjectPerformer, 30 Mar 2023 00:27
FYI I sold at 261p and bought phnx at 545p
Ex date 30/03 26p
Sold 378 shares today 261p
Sains coop deal collapses ?
Could it be somthing to do with mr Sainsburys Donations ?
Another good rise, has it got anything to do with the change of CFO, or bid rumour again?