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As I said earlier welcome to the rollercoaster of PYC
My small holding here is still 50% up on the 100% of profits invested here was 150%+ at one stage
My advise, follow the Hitchhikers Guide to the galaxy cover and Don't Panic! Fix you up and downsides and sell when they get there till then hold if you can or sell if you thin there is better places to invest cash doing nothing.
GLA
Been in here before sold most near a peak many moons ago for the second time and made a healthy profit left a few just for the fun of it.
Happy to let this ride and all of it is profit nothing of my original investment left in it.
Have fun all dyor but most of all never risk what you cannot afford to lose and enjoy the big dipper ride that is PYC.
Sometime late 2019 subject to the deal still being worth doing after the investigation and any disposals that they have to make.
It is unlikely to be blocked on competition grounds as ASDA is strong in the north Sainsburys is strong in the south it is in the middle where there may be some local competition concerns Like South Birmingham where there are 4 sainsburys and 4 ASDA's in very close proximity. EG ASDA Oldbury and Sainsburys Oldbury are about 1 mile apart on same road (ish). Having said that they fish in very different ponds and do not in reality attract the same type of customers.
I think Sainsburys will be very happy if the disposals are less than 200 stores may be worried if it is over 500 anything in between, provided they can find buyers, i don't think will worry them too much.
So Sainsbury's have finally cleared up the confusion in the public minds who have always thought that Nectar was owned by Sainsbury's by buying it. Surprised it only cost �60m but hopefully they will soon boost its value by dumping the Daily Hate Mail which hardly supports its values of inclusion diversity and respect for all.
In the end the answer will be close the depot for 6 months making everyone redundant and then restart it under new management. They can do this one depot at a time and the company, with the combined might of Sainsburys and Argos, have enough capacity to cope while one is being re-purposed. Sainsburys have done this in the past they don't want directly managed distribution and I work in a directly managed distribution centre (one of only two left I think) for Sainsburys.
No chance 1. would not get by the MMC 2. Not in Sainsburys benefit 3 An M&S/Sainsburys merger is more likely as the two fit better together and that is not likely at the moment. Sainsburys year end is only a couple of weeks away (11th March) and trading update just after that.
No chance 1. would not get by the MMC 2. Not in Sainsburys benefit 3 An M&S/Sainsburys merger is more likely as the two fit better together and that is not likely at the moment. Sainsburys year end is only a couple of weeks away (11th March) and trading update just after that.
It is the Sainsburys Share Purchase Plan (SSPP) open to all members of staff and is a government allowed scheme. There is a maximum you can invest of £115 per month which is invested from income before tax is removed so there is this initial saving. You have to keep the shares for 5 years to remove the tax liability and you receive dividends as they fall due. https://www-uk.computershare.com/webcontent/Doc.aspx?docid=%7Be993262d-6b59-4da9-8d6c-bc7ca788347c%7D
Sainsburys do not want the Argos business they want the backbone (logistics) and the finance arm that is in there, the remnants of the old GUS (Great Universal Stores catalogue business) Some of the stores will become Sainsburys Locals and some will close with the business they currently have moving instore Sainsburys bigger branches. There is the tie up with Ebay is good I will always choose collect at Argos when it is available for items that cannot fit through letter box as the local post office collection office is only open till 12:30. Imagine this extended to all Sainsburys stores. I also would not be surprised to see some shops turning into new Sainsburys Bank branches as this is the next logical step forward for this.
This company was renamed from Progressive Digital Media which was formed out of a reverse takeover of themutual.net The mutual.net started life as a ISP in the late 90's during the .com bubble, most of the ISP's of that time crashed and burnt when the market changed to the fee paid free phone model as opposed to the shared revenue 0345 one. Themutual.net although shifted business model to a cashback site (similar ones today are the likes of Quidco Topcashback although the best fit to their model is Imutual (www.Imutual.co.uk) as both started by offering shares to people who used the site, Imutual still does, themutual.net changed its model when it became too expensive to continue issuing shares. The initial share offerings by themutual.net were for use of the ISP services and this continued in a changed form when it changed business model. After the business languished for a long time getting by on low revenues until Mike Danson started taking an interest in the business largely so he could use it as an established vehicle for his private media business. He achieved this aim in the late 90s and in 2000 the names were changed to Progressive Digital media in 2000. In recent times the legacy businesses of themutual.net have been run down and closed or sold off so that none of that business is left within the recently renamed GlobalData. Today 01 March 2016 GlobalData announced its (and all previous companies involved) first dividend of 2.5p per share. I have bought the shares of themutual.net at less than 1penny and at a few pennies and have made nice profits out of it. The shares were consolidated a couple of years back again to lose some of the legacy of themutual.net which by its business model had to issue millions of shares. Have fun do your research and invest in what you trust.
What gives you this idea? We do not know what has been going on behind the scenes negotiations between the two to come up with an acceptable price that the board of HR will recommend to its shareholders. Remember this is still more than Argos there is the old GUS financial business which is something else Sainsburys want their hands on to expand the now wholly owned Sainsburys Bank. I can see a few of the Argos stores being converted into trials of Sainsburys own high street bank branches.
You are missing the sale of Homebase the finance business in the background as well as the small size store fronts they want to convert to locals. Forget Argos as a business it will largely disappear becoming click and collect counters in other stores, they don't actually want this business the want the distribution backbone and the customer footfall in their own stores. In this respect it makes a lot of sense so long as they do not over pay for it.
well unless you several millions of shares I doubt it will make much difference these things are rarely decided by small shareholders. I also think your logic is wrong as I have indicated before they don't want Homebase and that may even be sold off to pay part or all of the purchase price. They want the small store fronts to expand the Locals they want to have a better click and collect operation and they want too add the financial side of what was GUS to the Sainsburys Bank operation. All of this makes sense at the right price, matters not what they are buying is called. Shaws was a different proposition it was in a different country and failed, like a lot of British firms do, because they tried to be British in America where it simply does not work in retail you need to adapt to local conditions and customs.
What you have been seeing today is part of the process when a company admits to thinking about a takeover. Anyone with an interest over 1% has to declare it. It is Rule 8.3 of the takeover panel http://www.thetakeoverpanel.org.uk/wp-content/uploads/2010/03/Summary-of-provision-of-Rule-8.pdf
Again, they are committed to 2x dividend cover half of the profits go to dividends if the profits decrease the dividend decreases and likewise if it rises it will rise. If they reasonably expect profits to fall, which is not a big surprise when prices are suffering deflation and margins are under pressure from a whole load of places, then it is reasonable to assume that dividends will fall too. The dividend will be paid probably on the 8th January. I have seen some very ignorant reporting on this share today like "shares hit by dividend drop" anyone that did not know that the interim will be 4p should not be reporting on shares it has been known since the final dividend in 2014/5.