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sainsbury's aren't playing the game! Get em! (SBRY)     

JRM - 09 Jul 2004 11:59

I've been had again. Small shareholders are being forced to accept a smaller holding as the company increases their debt to send us money we don't really want.

Why should we be force to spend unnecessary time and pay dealing commission just to be worse off. Is there no effective way to challenge this?

Cable and Wireless cause headaches but they returned their capital (some of it!) via an optional drip. So I actually got more shares.

Help me. Don't just look today Respond!

breezee - 09 Jul 2004 12:20 - 2 of 16

JRM What do you mean?

What exactly have they done?

JRM - 09 Jul 2004 15:50 - 3 of 16

They're having a capital reorganisation to return cash to their shareholders having sold off their US operations.

daves dazzlers - 09 Jul 2004 16:18 - 4 of 16

i`ll tell you whats gonr wrong,,,they cant shift those england coins they have.

dreamcatcher - 12 Jan 2012 09:18 - 5 of 16

..Questor share tip: Investors should invest well for less at Sainsbury

By Garry White | Telegraph – 2 hours 10 minutes ago

Supermarket J Sainsbury had a good Christmas, but that's not why the shares are a buy. They are a buy because they are an asset-backed income play.

J Sainsbury 302.1p -3.8p Questor says BUY

Questor changed its view on the supermarket group's shares in November (Stuttgart: A0Z24E - news) after they plunged by more than a quarter from the previous year. This fall means the investment case is now very different from before.

The majority view in the City on Sainsbury (LSE: SBRY.L - news) shares is a hold. Out of the 33 analysts covering the shares and monitored by Bloomberg, 17 have a neutral rating. A further nine say sell and seven say buy. Their average price target is 319.9p.

The investment case is no longer about whether the group will marginally outperform another supermarket group over any particular time period, or about how it calculates its like-for-like sales. Sainsbury is now an income play but it is also one which offers a good upside once a recovery starts to take place.

The shares are yielding a prospective 5.5pc in the year to March 2013. This is higher than traditional dividend plays such as GlaxoSmithKline (Other OTC: GLAXF.PK - news) , which is yielding 5.1pc in the year to December; Royal Dutch Shell (4.5pc) or even Imperial Tobacco (LSE: IMT.L - news) (4.9pc). In fact, the dividend is now almost as high as that seen with a water company such as United Utilities, which is yielding 5.6pc in the year to March 2013.

The payment also looks safe, barring any financial Armageddon. It is covered by consensus earnings 1.73 times in 2012 and 2013, so does not look as if it will come under pressure. The business remains defensive and extremely cash-generative.

This will provide a floor for the shares if consumers further rein in spending this year. Also, the company's valuation is backed by £10.9bn of property, compared with its £5.7bn capitalisation.

The fact that the supermarket had a solid Christmas is therefore another plus for the investment case. Yesterday, the group said like-for-like sales excluding fuel rose by 2.1pc in the 14 weeks to January 7. This is ahead of City expectations of a 1.8pc rise. Total (Other OTC: TTFNF.PK - news) sales for the third quarter were up 7pc (4.5pc excluding fuel).

There are some issues among analysts about VAT being added to like-for-like sales, as with the inclusion of store expansions in like-for-like sales. This is because the company has a significant store-expansion plan, which can allow it to move more into non-food items.

However, this will keep the top and bottom line growing, and is not really of concern to Questor. The valuation and the cash generation are more important. New ranges such as clothing designed by How To Look Good Naked presenter Gok Wan have proved a success. Consumers may be spending less on the weekly shop, but convenience stores are performing well, with growth at an impressive 25pc after 600,000 square feet of new space was added.

Since November, consensus forecasts for revenues and the dividend have edged higher, with pre-tax profits and earnings per share forecasts nudging lower.

First (OTC BB: FSTC.OB - news) tipped at 297.6p on November 10 last year, the shares are up 2pc, compared with a market up 2pc. They are a buy for income and for medium-term growth

skinny - 12 Jan 2012 09:20 - 6 of 16

DC - there is a main thread.

dreamcatcher - 12 Jan 2012 09:22 - 7 of 16

Thanks skinny, could not find it.

JRM - 12 Jan 2012 15:42 - 8 of 16

I still like them!

TANKER - 13 Jan 2012 08:54 - 9 of 16

off on hols tomorrow for 4 weeks spain will keep looking in
these are a gift and div is very good

TANKER - 17 Jan 2012 13:40 - 10 of 16

just looked in . those holders that took the DRIP could of got more shares for there div never take the drip always take the cash then wait in the bank is best remember
these CEO are not that good these days justin king is about 3 out of 10 not that bright

TANKER - 17 Jan 2012 13:44 - 11 of 16

the back room boys and girls are the back bone of sbry not the board they are sub standard, the ceo is full of is own. and a joke he as never got a job on merit

Stan - 18 Oct 2017 08:17 - 12 of 16

Sainsbury's is axing 2,000 store and back office roles as the supermarket chain looks to slash costs by £500m amid an intensifying price war with Aldi and Lidl. The retailer is restructuring its HR departments, getting rid of 1,400 store-based clerks and another 600 staff based in the back offices that serve the chain as well as Argos and Sainsbury's bank.

Stan - 19 Sep 2018 09:57 - 13 of 16

Sainsbury’s merger with Asda has been referred to an in-depth competition investigation with a deadline of March next year. The Competition and Markets Authority confirmed that the deal raises sufficient concerns to be referred for a more in-depth review, including on issues relating to fuel, general merchandise and increased 'buyer power' over suppliers.

skinny - 09 Jan 2019 07:04 - 15 of 16

Third Quarter Trading Statement for the 15 weeks to 5 January 2019

· Total retail sales down (0.4) per cent (excl. fuel) with like-for-like sales down (1.1) per cent (excl. fuel)

· Grocery sales grew 0.4 per cent with Groceries Online and Convenience up 6.0 per cent and 3.0 per cent respectively

· General Merchandise sales declined by (2.3) per cent and Clothing sales declined by (0.2) per cent

Mike Coupe, Group Chief Executive of J Sainsbury plc, said: "Christmas came late this year and I am pleased with the excellent service and availability that we gave customers across the Group. Sainsbury's stores were well set up to deal with customers doing their big Christmas shops later than usual and Convenience stores hit a new record on Christmas Eve. Argos Fast Track offers customers market-leading delivery and grew strongly in the quarter.

"Sainsbury's is focused on offering distinctive food at great prices. Grocery sales were solid across the quarter and our price position versus our competitors improved, with our £9 turkey crowns and 30p vegetables proving particularly popular. Groceries Online continues to perform well and, including Argos, 20 per cent of the Group's sales started online.

"General Merchandise sales grew strongly over the key Christmas weeks and outperformed the market over the quarter. Sales declined in the quarter due to cautious customer spending and our decision to reduce promotional activity across Black Friday. Clothing performed well, with strong full price sales growth in a tough market.

"Retail markets are highly competitive and very promotional and the consumer outlook continues to be uncertain. However, we are well placed to navigate the external environment and remain focused on delivering our strategy.

"Thank you to all of our colleagues for working so hard over this key quarter and delivering great service and availability for our customers in stores and online."


dreamcatcher - 09 Jan 2019 07:11 - 16 of 16

Under massive pressure with Aldi.
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