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Sainsbury (J) (SBRY)
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No penny shares or promotional posts
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- Lemon Slice
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Re: Sainsbury (J) (SBRY)
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
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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- The full Lemon
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Re: Sainsbury (J) (SBRY)
This from TMF, by Kevin Godbold;
Is J Sainsbury now a screaming buy or a basket case?
https://www.fool.co.uk/investing/2019/0 ... sket-case/
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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- Lemon Slice
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- The full Lemon
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Re: Sainsbury (J) (SBRY)
Trading statement;
https://www.investegate.co.uk/sainsbury ... 00052764E/
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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- Lemon Slice
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Re: Sainsbury (J) (SBRY)
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
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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- Lemon Quarter
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Re: Sainsbury (J) (SBRY)
Q2 Trading Statement:
www.investegate.co.uk/article.aspx?id=2 ... 5377N&fe=1
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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- The full Lemon
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- The full Lemon
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Re: Sainsbury (J) (SBRY)
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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- Lemon Quarter
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Re: Sainsbury (J) (SBRY)
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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- Lemon Half
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Re: Sainsbury (J) (SBRY)
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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- The full Lemon
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Re: Sainsbury (J) (SBRY)
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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- Lemon Slice
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Re: Sainsbury (J) (SBRY)
I do not own any supermarket shares. The only winner is the consumer in this never ending knife fight in a telephone box that the supermarket Companies are involved in.
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- The full Lemon
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Re: Sainsbury (J) (SBRY)
flyer61 wrote:I do not own any supermarket shares. The only winner is the consumer in this never ending knife fight in a telephone box that the supermarket Companies are involved in.
Very well put flyer61. I used to hold SBRY, but no more. In fact I don't hold any retail shares. With regards to SBRY, even we use Lidl up here in Orkney.
Ian
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- The full Lemon
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Re: Sainsbury (J) (SBRY)
Third Quarter Trading Statement for the 15 weeks to 4 January 2020
https://www.about.sainsburys.co.uk/news ... 01-2020-q3
Grocery sales grew 0.4 per cent, with Groceries Online up 7.3 per cent
Clothing sales grew by 4.4 per cent
General Merchandise sales declined by 3.9 per cent
Total online sales grew by 5 per cent
Total retail sales declined by 0.7 per cent (excl. fuel), with like-for-like sales down 0.7 per cent (excl. fuel)
https://www.about.sainsburys.co.uk/news ... 01-2020-q3
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- The full Lemon
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Re: Sainsbury (J) (SBRY)
J Sainsbury plc to become Net Zero by 2040
https://www.investegate.co.uk/sainsbury ... 00070707B/
Committing £1 billion over twenty years to achieve this
· Commitment will see Sainsbury's business and operations become Net Zero in line with the goal to limit global warming to 1.5°C, the highest ambition of the Paris Agreement*
· Focusing on reducing carbon emissions, food waste, plastic packaging, water usage and increasing recycling, biodiversity and healthy and sustainable eating
· Sainsbury's will work collaboratively with suppliers and will ask suppliers for their own carbon reduction commitments
https://www.investegate.co.uk/sainsbury ... 00070707B/
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- The full Lemon
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Re: Sainsbury (J) (SBRY)
Finals and mention of deferred dividend payment.
Here; https://www.about.sainsburys.co.uk/inve ... sentations
Here; https://www.about.sainsburys.co.uk/inve ... sentations
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- The full Lemon
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Re: Sainsbury (J) (SBRY)
First Quarter Trading Statement for the 16 weeks to 27 June 2020
https://www.investegate.co.uk/sainsbury ... 00046218R/
Grocery sales up 10.5 per cent
General Merchandise sales up 7.2 per cent (including Argos sales up 10.7 per cent) and Clothing sales
down 26.7 per cent
Digital sales more than doubled
Total retail sales up 8.5 per cent (excl. fuel) with like-for-like sales up 8.2 per cent (excl. fuel)
Profit impact of COVID-19 expected to be more than
https://www.investegate.co.uk/sainsbury ... 00046218R/
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- Lemon Quarter
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Re: Sainsbury (J) (SBRY)
idpickering wrote:First Quarter Trading Statement for the 16 weeks to 27 June 2020 Grocery sales up 10.5 per cent
General Merchandise sales up 7.2 per cent (including Argos sales up 10.7 per cent) and Clothing sales
down 26.7 per cent
Digital sales more than doubled
Total retail sales up 8.5 per cent (excl. fuel) with like-for-like sales up 8.2 per cent (excl. fuel)
Profit impact of COVID-19 expected to be more than...
https://www.investegate.co.uk/sainsbury ... 00046218R/
...£500m, broadly offset by business rates relief and stronger grocery sales, as previously outlined
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