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Sainsbury (J) (SBRY)

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idpickering
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Re: Sainsbury (J) (SBRY)

#218615

Postby idpickering » May 1st, 2019, 7:12 am


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Re: Sainsbury (J) (SBRY)

#218684

Postby ayshfm1 » May 1st, 2019, 11:26 am

Hurrah!

In line with our policy of paying a dividend that is covered 2.0 times by underlying earnings, we propose to pay a final dividend of 7.9 pence per share, bringing our full year dividend to 11.0 pence per share, an increase of 7.8 per cent

Finally it increases a touch

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Re: Sainsbury (J) (SBRY)

#218861

Postby idpickering » May 2nd, 2019, 7:42 am

This from TMF, by Kevin Godbold;

Is J Sainsbury now a screaming buy or a basket case?

Last week’s news that the Competition and Markets Authority (CMA) has blocked the proposed merger between J Sainsbury (LSE: SBRY) and Walmart’s Asda sent Sainsbury’s share price plunging. So is the stock now a bargain that I should snap up?

The CMA thinks consumers would have been worse off because of rising prices if it had allowed the deal. But Sainsbury’s chief executive, Mike Coupe, is on record as saying that “the specific reason for wanting to merge was to lower prices for customers.” He went on to explain that he thinks the CMA’s decision ignores the “dynamic and highly competitive nature” of the grocery market in the UK. Nevertheless, the two firms have no intention of appealing the decision. It’s over. The idea didn’t work.


https://www.fool.co.uk/investing/2019/0 ... sket-case/

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Re: Sainsbury (J) (SBRY)

#228513

Postby CommissarJones » June 10th, 2019, 9:16 pm

SBRY is the subject of John Kingham's latest article at UK Value Investor.

idpickering
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Re: Sainsbury (J) (SBRY)

#233575

Postby idpickering » July 3rd, 2019, 7:06 am

Trading statement;

First Quarter Trading Statement for the 16 weeks to 29 June 2019

Improving market share performance in a tough market

· Total retail sales down (1.2) per cent (excl. fuel) with like-for-like sales down (1.6) per cent (excl. fuel)

· Grocery sales declined (0.5) per cent

· General Merchandise sales declined by (3.1) per cent and Clothing sales declined by (4.5) per cent

Mike Coupe, Chief Executive, said: "We continue to adapt our business to changing shopping habits and made good progress in a challenging market. We reduced prices on over 1,000 every day food and grocery products and improved our relative performance1. Our premium Taste the Difference ranges are growing market share2 and we continue to improve customer service and availability. In a tough trading environment, we gained market share in key General Merchandise categories3 and in Clothing, where we are now the UK's fifth largest retailer by volume4.


https://www.investegate.co.uk/sainsbury ... 00052764E/

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Re: Sainsbury (J) (SBRY)

#233660

Postby PrefInvestor » July 3rd, 2019, 12:44 pm

Hi All, Well I don’t see much “improving” going on in those numbers ?. Like for like sales growth down, Total Sales Growth figures all down. Asda merger blocked, share price down from 28x in February to 19x today. Dividend still decent but cover looking increasingly shaky.

Looks like another challenged retail investment to me, why invest here ?. I like the supermarkets but don’t feel the need to own them, I suppose somebody has to....

ATB

Pref

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Re: Sainsbury (J) (SBRY)

#253762

Postby daveh » September 25th, 2019, 8:35 am

Q2 Trading Statement:
www.investegate.co.uk/article.aspx?id=2 ... 5377N&fe=1

Second Quarter Trading Statement
· Stronger trading across Grocery, General Merchandise and Clothing
o Further improvement in our performance relative to the market, particularly Grocery1
· Second quarter total retail sales up 0.1 per cent (excl. fuel), with like-for-like sales down (0.2) per cent (excl. fuel)
· Grocery sales increased by 0.6 per cent
· General Merchandise sales declined by (2.0) per cent and Clothing sales increased by 3.3 per cent

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Re: Sainsbury (J) (SBRY)

#253827

Postby Dod101 » September 25th, 2019, 11:55 am

Surely that sounds like market noise?

Dod

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Re: Sainsbury (J) (SBRY)

#253829

Postby idpickering » September 25th, 2019, 12:03 pm

Dod101 wrote:Surely that sounds like market noise?

Dod


Maybe, but they're doing well today, being up nearly 2%, in a weak overall market. I'm still not tempted to buy back into SBRY though. I don't hold any retail shares now, and of those on offer, I do think SBRY are the best still.

Ian.

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Re: Sainsbury (J) (SBRY)

#253850

Postby daveh » September 25th, 2019, 1:47 pm

idpickering wrote:
Dod101 wrote:Surely that sounds like market noise?

Dod


Maybe, but they're doing well today, being up nearly 2%, in a weak overall market. I'm still not tempted to buy back into SBRY though. I don't hold any retail shares now, and of those on offer, I do think SBRY are the best still.

Ian.


For my sins I own SBRY, TSCO, and MKS. Including dividends they are showing a return of -17%, -20% and -2.4% so not great performers though not the worst in my HYP, (take a bow RBS). Though the 9 companies showing red are counterbalanced by 11 showing more than 100% gain so I'm not doing too bad.


Interesting that both Sainsbury and Tesco seem to be pulling out of the mortgage side of banking as Tesco have sold their mortgage book to Lloyds (AFAIR) and Sainsbury have said they will not be issuing new mortgages in this update. It will be interesting to compare SBRY with TSCO come results time, though both are suffering against the german discounters.

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Re: Sainsbury (J) (SBRY)

#253860

Postby Alaric » September 25th, 2019, 2:35 pm

daveh wrote:Interesting that both Sainsbury and Tesco seem to be pulling out of the mortgage side of banking as Tesco have sold their mortgage book to Lloyds (AFAIR) and Sainsbury have said they will not be issuing new mortgages in this update.


What was their logic for going into financial services? Perhaps the opinion that their name and reputation was better than banks. Will we also see them pull back from savings accounts and credit cards? I don't think Sainsbury's any more, but Tesco also dabble in mobile phone networks.

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Re: Sainsbury (J) (SBRY)

#253863

Postby Dod101 » September 25th, 2019, 2:48 pm

Alaric wrote:
daveh wrote:Interesting that both Sainsbury and Tesco seem to be pulling out of the mortgage side of banking as Tesco have sold their mortgage book to Lloyds (AFAIR) and Sainsbury have said they will not be issuing new mortgages in this update.


What was their logic for going into financial services? Perhaps the opinion that their name and reputation was better than banks. Will we also see them pull back from savings accounts and credit cards? I don't think Sainsbury's any more, but Tesco also dabble in mobile phone networks.


Sainsbury first went into banking more than 20 years ago I think. They did a joint venture with the then independent Bank of Scotland and I imagine it was to cash in so to speak on their standing in the market as a good dependable player. Tesco presumably went into banking for the same reason. That was of course at a time when supermarkets were very much the place to be. How times have changed.

I use Tesco for mobile phones and they do all that I want. They more than dabble I think, although whether they make any money from them I do not know nor care since I do not own any supermarkets.

Dod

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Re: Sainsbury (J) (SBRY)

#253870

Postby Snorvey » September 25th, 2019, 3:15 pm

I guess you win some and you lose some.

Many years ago I remember there was a big hoo-ha in my town when Asda applied for a new store that had (iirc) 40% non food retailing (clothing mainly) where previously there was none. Subsequently Tesco built a large store, also with a huge non food retail area. The town centre was crushed under the weight of this.


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