paddingtonbear
10 Oct 2019
Sainsbury Thanks, Games! Did not buy this expecting it to rocket and your information probably valid (soup reassuring!), but this beat up company must make it alone after merger vetoed. Within the last three months, pension scheme contributions switched to in kind, saving £50m cash per annum, new mortgages ceased (leaving option of following Tesco with sale of the book), five year store overhaul and integration plan of Argos stores with associated obvious closure economies under way, 15.3% market share dropping more slowly than other 3 majors leading to broker upgrades, full year targets reconfirmed and net debt situation no longer critical. As for property, Supermarket REIT likes to buy Sainsbury stores! Management team fully aware spotlight on their performances. This doggy has fleas, hence the price and single figure P/E. Nevertheless it may scrub up to a decent hold during the major downturn I expect for the next few years. Not to mention how actual Brexit affects the food market (soon?). PB
Gamesinvestor1
10 Oct 2019
Sainsbury padd – I am of a slightly different view – I would sell SBRY even at this lower price. The management seem to be populated by losers and the profit margins at 2% or less are so low it is a real risk - Aldi and Lidl are still growing - even after 10 years of doing so and each year they eat a little bit more of SBRY’s lunch. Operating profit almost halved between 2017-18 and it doesn’t look much prettier now. The only reason the revenue grew is because they bought Argos a company that has lower margins that SBRY. Inventory has doubled in the last 5 years to £2BN. Borrowings have fallen, which is good, but that could easily rise again as the operational leverage takes hold if sales start to decline 5-10%. The only real positive is they have £9Bn of property, but how realisable that money is, is a moot point given there are so many shops closing everywhere. Cash flow looks awful given they have operational cash of £618M and (£474M) investing cash out - how much of that is maintenance capex I don’t know. Also they had Finance negative cash flow (partly dividends) of (£752M) meaning that their cash depleted by £608M last time. The soups are very good, and the clothes look reasonable for the price level - apart from that I’m a big fan lol !! Games
paddingtonbear
10 Oct 2019
Sainsbury Hello Games. I looked over all the spirits and soft drink shares at the end of Sept for a bit more defence in the portfolio…couldn’t find anything that had potential qualities with most in my view on elevated p/e. In the end I added Sainsbury, so please keep spending your riches there as we don’t have one near us! PB.
Gamesinvestor1
08 Oct 2019
Sainsbury Was in SBRY today and walked past the soft drinks section. A whole aisle was dedicated to Coca Cola – the full length of it. Across the other side of the aisle was pretty much everything else. On this second ailse Rubicon had a tiny section about the width of 8 cans. Just about all of the branded drinks including Fanta, RWhites, IrnBru were discounted between 25 and 40%. Non of the supermarket brands, which now takes up about a 3rd of that aisle were discounted. Even without the dicounts the supermarket brands were 50% cheaper. The brands look to be living on borrowed promises that people will continue to pay 2 to 3 times the price for similar drinks. Maybe they will, but the volumes must surely decline. Irn Bru had a very small space, much smaller than R-Whites, and other Britvic Brands. I watched a few people picking off the shelves, and it seemed that at least those that I saw in the short time I was stood there were happy to pick up the supermarket brands. Anyone else experience this? – Anyone else bothered, or even invested in A G Barr on this forum? Games
Gamesinvestor1
07 Oct 2019
Nick Train This is the video of Nick Train explaining Finsbury Growth’s future growth, you’ll find it on the home page. Finsbury Growth & Income Trust PLC Finsbury Growth & Income Trust PLC Invests in the shares of predominantly UK-listed companies, with the objective of achieving capital and income growth. LSE: FGT news, share price and information. It is mostly a chat about AG Barr and how it has grown 10 fold in his portfolio over 18 years. Clearly he may have been perhaps a little less enthusiastic about it had he been interviewed after the share price fell from 950 to 550p but still it has done well. However over the last 5 years revenue has been quite static £260M in 2015 and projected at £260M in 2020. Pretax Profit at 38.6M in 2015 is projected to be £36M in 2020 EPS at 28p in 2015 is projecting 26p in 2020 Clearly something has gone wrong here or is this just a 5 year blip? Do people drink Irn Bru on a global scale? Are energy drinks oversaturated, given the hundreds of brands? Is Rubicon that attractive? I haven’t really analysed it much and need to read the latest annual report properly, but is this a company in a downtrend permanently as people move more and more away from fizzy soft drinks or is it in line to return to growth? On a P/E of 21 into next year it looks insanely overpriced, despite it’s net cash position. It’s EPS has grown between just 0 and 5% over the last 5 years and is expected to fall 18% this year. I’m not sure Nick will be featuring BAG in his next video do you? Games
Ripley94
16 Jul 2019
One of DAVIDS BAG… XXXX Looked a desert tip until l todays 26% fall , to 651p 804p in January , fell to 739p by 8th February before a slow climb to 975 10th June 2019 . Glad i stayed out now , i think he went off it when we spoke a little after January .
Ripley94
28 Jan 2019
One of DAVIDS Choices on 27th Jan 19 burns .
El_Kel
14 Jun 2018
Director buys shares Stuart Lorimer, the FD, recently bought £50k of shares. Hargreaves Lansdown Barr (A.G.) (BAG) Ordinary 4 1/6 pence Share Price | BAG The latest Barr (A.G.) share price (BAG). View recent trades and share price information for Barr (A.G.) and other shares.
II Editor
15 May 2018
NEW ARTICLE: Can this soft drink firm sustain sweet success? "AG BARR (LSE:BAG)The makers of Scotland's other national drink were supposed to be left reeling when US President Trump declared war on them. The problem; Barrs' Irn Bru stains cannot be removed from his Scottish Hotel carpets. The greater ..."[link]
II Editor
15 May 2018
NEW ARTICLE: Trends and Targets for 15/05/2018 " A G BARR (LSE:BAG) The makers of Scotlands other national drink were supposed to be left reeling when US President Trump declared war on them. The problem; Barrs Irn Bru stains cannot be removed from his Scottish Hotel carpets. The greater ..."[link]
IanSMac
27 Mar 2018
Re: Results tomorrow Ah, ye cannae whack the Scots' commitment to Irn Bru!
El Kel
26 Mar 2018
Results tomorrow Market doesn't seem to be expecting too much.
superfurryanimal
15 Mar 2018
price drop Any explanation from the board about today's price drop?
El Kel
16 Jan 2018
New Irn Bru recipe put to the test Scotland's Daily Record taste tested the new Irn Bru recipe on the streets.Surprisingly positive."You have it from me, Jack Master. You've smashed it." ![link] would be good news for the company by way of avoiding the sugar levy.The Herald;"With Coca-Cola opting to not change its recipe, the levy will be applied to Irn-Bru’s main competitor. To combat the tax Coca-Cola has confirmed it is reducing bottles sizes and raising prices.That makes Irn-Bru more price competitive – making the change not just a good decision for customers, but for the business and its investors."[link]
El Kel
11 Jan 2018
New Irn Bru recipe out later this month Well well, production of the sugery Irn Bru formula has now ceased.Never thought I'd see the day when this fizzy cough linctus changed its contents.But...the new recipe is starting production and the drink "will be released later this month".When I lived in Scotland I would occasionally drink the gloop but only when hungover.It sort of worked, but I guess so did any other fizzy sugery drink.Didn't like it as a social drink, but it's loved almost reverentially north of the border.So...it will be very interesting to see how the new taste is received later this month.[link]
