Member Info for Gogetum

Yes I agree, it was ridiculous and I don't wish to gloat, but I was fortunately to take advantage of the situation and buy more. I think the falling price was due to fear, rather than wise investing decisions.

If the rumour of Amazon bidding for Ocado is true what then for Sainsbury's share of the market? Diversify expansion plans or sit and do nothing?

http://www.dailymail.co.uk/money/markets/article-3402847/Lord-Sainsbury-boosts-supermarket-group-s-board-giving-blessing-1-2bn-Argos-bid.html

http://www.dailymail.co.uk/money/markets/article-3402847/Lord-Sainsbury-boosts-supermarket-group-s-board-giving-blessing-1-2bn-Argos-bid.html

Apart from the details in the RNS, 'Response to media speculation' on 13/01, we don't know anything else. From the media speculation it would appear that Sainsbury's weren't interested in the Homebase side of the business and would have probably sold it off if they had acquired all of Home Retail. Hopefully the Sainsbury and Home Retail board of directors are taking to each other, in an attempt to agree a takeover price for what's left of the business, ie Argos. If they aren't taking then there will possibly be a hostile takeover bid. We also have to consider that another interested party will offer a bid.

AO World are currently valued at £614M and they might take an offer of £1B. I'm hoping that Sainsbury's can get Argos for £1.25B and i think at that price it's a steal. It's good that investors air their views on these bb and i wish more would do so.

Please try to pay attention to what's posted on this bb I posted yesterday that a buyer was close to agreeing buying Homebase from Home Retail.

That was yesterday's news. Sainsbury's have made it quite clear that their interest in Home Retail would concern the Argos part of the business. Whether the Sainsbury board had lined up potential buyers for Homebase, now appears to be out of the equation. The Sainsbury's board have already stated that they will not overpay to acquire Home Retail and as HR are playing their cards close to their chest, there is the possibility of another bidder entering the fray.

Your shareholding won't change.

The word is that Amazon, who don't pay a dividend but plough all their profits into growth, are going into food distribution. Let's take a look at the £1K i invested with Amazon in 2007 and compare it with the return i would have got if i'd invested it with Sainsbury's Amazon share price 2007, $40 now $580, increase 1450%. £1K now worth £15,500 Sainsbury's sp 2007, 410p now 248p, decrease 39.5%. £1K plus let's say £400 in dividends, now worth £1005. Thankfully the present board have a vision of the future and imo buying Argos is a big step in the right direction. It would appear that some posters on this bb are oblivious to the changes in the retail market and will unfortunately have to get used to their investment and dividends stagnating unless there are changes in how the company competes in the future. I'm now an investor with Sainsbury's but will sell if this deal does not go ahead.

Analyst's speaking to the FT valued Homebase at somewhere between £100m to £230m. http://www.ft.com/cms/s/0/eecad9f2-b488-11e5-b147-e5e5bba42e51.html#axzz3x9flJU92

Wesfarmers in talks to buy Homebase from home retail. http://news.sky.com/story/1622098/wesfarmers-in-talks-to-buy-homebase-for-350m

http://www.dailymail.co.uk/money/markets/article-3391845/Sainsbury-woos-shareholders-prepares-new-1-2bn-push-Argos.html

http://www.dailymail.co.uk/money/markets/article-3391845/Sainsbury-woos-shareholders-prepares-new-1-2bn-push-Argos.html

Trying to buy Lamprell with Hargreaves Lansdown online but can't. No wonder the price is going down!

Thank you for those words of wisdom but it certainly appears that you have no confidence in the Sainsbury board of directors. To save yourself from having sleepless nights it might be advisable to sell your shares in Sainsbury's. I personally hold shares in both companies and will continue to do so even if another offer from Sainsbury's doesn't materialise..

I doubt if Sainsbury's or anyone else forthcoming with a bid will show their hand until after the Home Retail trading statement on the 14th of this month.

Home Retail (LON:HOME) was among the few risers, up 3p to 135.4p, on rumours that former Tesco (LON:TSCO) boss Terry Leahy was planning a private equity-backed bid for the Argos owner. Reports suggested Leahy was considering teaming up with US private equity firm Clayton Dubilier & Rice to rival an approach to Home Retail by Sainsbury's (LON:SBRY).

Home Retail (LON:HOME) was among the few risers, up 3p to 135.4p, on rumours that former Tesco (LON:TSCO) boss Terry Leahy was planning a private equity-backed bid for the Argos owner. Reports suggested Leahy was considering teaming up with US private equity firm Clayton Dubilier & Rice to rival an approach to Home Retail by Sainsbury's (LON:SBRY).

I very much doubt that the Home Retail board and the major shareholders will accept anything less than 160p per share. Home Retail share price now 143p