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You are right.
Makes me feel better regarding the further large drop.
Not sure I can explain large sales other than the current market turmoil and it having gone ex-dividend.
What I find more puzzling is the fact that Zeus are in charge of buybacks and these seem to have stopped. Zeus are supposed to be free from influence and I don't think there were any price limits this time.
Presumably because it is the day before it goes ex-dividend
Just been looking at the annual report. Last year it was reported that £58 million was assigned to goodwill for the argos deal plus £179 million for argos brand making £237 million cost above net assets. Since then pension obligations for argos have fallen by £327 million. With Asda basically costing nothing - see ms_money penny below - it would appear Coupe has gone and got Asda and Argos for nothing. Not just a good singer.
Thank you all for the explanation. Very reassuring. As soon as I receive payment I will give you the details. Thanks again.
Due to my ignorance I allowed the rights issue to lapse. Does anyone know how much I am likely to get/when? I have been advised I could potentially get nothing. Is that likely/possible? Thanks all.
Kantar comes out every month. Fairly sure it is due out 17th February. If you search retailtimes and kantar you can find historic figures and articles.
Does anyone know how much land Sainsbury's owns which has yet to have a supermarket built on it?
Sainsburys interim operating profits for 2013/14 £440 million on sales of £13,953million. Has anyone any thoughts on what the profits are likely to be this time round? I reckon £375 million.
What do you know and how do you know it?
Anyone know the reason for rise in share price today (in a falling market)? Anything to do with shorters?
Does anyone have any thoughts how the Jessops deal will benefit Sainsburys - payment/increased footfall etc.?
It is not clear how much of the deflation is due to falling commodity prices and how much due to promotions etc. This is obviously fundamental. I am surprised that Mike Coupe wasn't pushed on this even if it is only a trading update. I would also like to know if people are trading across from brands to own products. Does anyone have any thoughts on this?
As Mike Coupe said in the webcast they know their obligations to report a profit warning. They didn't even with 500m sales reduction likely over the whole year. This makes me think any cut in the dividend will be relatively small. Also, surprised they are forecasting similar lfl fall in H2. The figures were much softer in H2 last year.
Forecast 3.5-4% fall in lfl ex-fuel Actual 2.8% fall in lfl ex-fuel Must be good news. Interested to know the part played by falling commodity prices. Also, are people swapping branded products for own products which are cheaper?
It has been reported that Sbry is not losing customers, just revenue as a result of price cuts. In recent times Sbry have reported growing own product sales as a percentage of total sales. Also, these are on average 20% cheaper. Could this be a factor? Any thoughts. For example, Country Life butter £1.70 bysainsburys butter £1.10. If I purchase the same basket of goods but swap 4 branded butters for 4 own brand butters that is going to make quite a difference. Also, margins will be better on own brand items.
The following might help: 12,862 ha winter rapeseed planting for this year 2.7 tonnes per ha yield last year $680 per ha costs for rapeseed last year Average ex-works ex-VAT price of $323 per tonne last year
Could someone tell me if the dividend is paid gross or net? I haven't invested in a company registered in the channel islands before. If someone could give me some info on how it works that would be great. Thanks
Last year it went ex-div 26th May. As far as I know it hasn't been announced for this year yet.
Thanks for the various replies. Some of the things mentioned have been the things that have made me interested. Seeming low or non-existent present debt. Cheap compared with asset valuation. My obvious worry is the fact they are still making an Ebitda loss. However, they seem to be getting on top of costs and actually using the land leased rather than just holding much of it. It seems to me that this is the key year. A harvest failure would probably be the end. However, success and things coud really start to happen. However, I don't think it will ever be a means of making a fortune unless they are actually allowed to buy the land.
Been following this share for a little while now. Looks very interesting but could someone enlighten me as to why it has been falling recently?