jackdawsson
22 Jan 2020
CEO to retire in May in surprise exit Maybe of interest re CEO news. - By the by, though I’ve stayed out of SBRY since booking profits, it’s one I keep an eye on. Mindful of YTD lows of circa 177+, I’ve no rush to get back in for now. But despite previous doom ‘n’ gloom from some on here, it’s not fared badly. However, I shall bide my time in case of sub-200 again. For whoever replaces Mike Coupe has a big job on his or her hands. - GLA. BBC News Sainsbury's boss Mike Coupe in surprise exit The chief executive is leaving after six years to be replaced by former Boots UK chief Simon Roberts. Sainsbury’s has announced its chief executive Mike Coupe will retire from the supermarket group in May. Mr Coupe has led Sainsbury’s for almost six years, during which time he oversaw a failed attempt to merge with rival supermarket Asda. The head of Sainsbury’s retail and operations, Simon Roberts, will take over from Mr Coupe. “This has been a very difficult decision for me personally,†Mr Coupe said. “There is never a good time to move on, but as we and the industry continue to evolve, I believe now is the right time for me to hand over to my successor.†Mr Coupe’s departure is a surprise after he said last May he would be “sticking to the company†when asked whether he had been asked to step down after the failed merger. “I’m planning to stay,†he said at the time. His exit was announced a day after Sainsbury’s said it was cutting “hundreds†of management roles to reduce costs. It said the cuts were largely due to its integration of Argos, which it bought in 2016, into the business. Mr Roberts, who is due to take over on 1 June, has been involved in integrating Sainsbury’s and Argos. He was also the former president of retailer Boot UK."
San_Jaime
27 Dec 2019
Blocked Dead cat bounce took 10 months to turn this line in my portfolio Blue… lol Woof ? SJ
stutes
15 Oct 2019
Channel 5 I saw the programme, a bit repetitive and lightweight but think M&S would be a better fit for S?
jackdawsson
16 Sep 2019
Aldi to open new UK store every week over the next 2 years New report today. Maybe of interest to all those holding UK supermarket shares for much higher targets. - GLA. “Aldi plans to open a new store in the UK every week on average for the next two years, its boss has told the BBC. Giles Hurley said the discount retailer would invest £1bn to achieve its aim.†BBC News Aldi plans to open a new supermarket each week The discount retailer is taking on its larger rivals as it continues to expand even as profits fall.
jackdawsson
13 Sep 2019
Buy at 215.96 jackdawsson: Bought back at 215.96. Sold at 222.20. Mindful of lows of 177+ in mid-August & how quickly market data can change things in this sector, taken my gains after a good rise. With generous dividend recently booked, I rather increase my cash position due to UK facing some fairly seismic challenges & uncertain macro-factors. - GLA.
jackdawsson
06 Aug 2019
Post 31st October stutes: Assuming a hard Brexit, will EU switch some ferries from England to France routes to France/Rep of Ireland. It would ensure movement of goods between member states and bypass any UK probs? How will the above scenario affect Sainsbury? Hi Stutes, Fair to say that even SBRY & other major UK food retailers don’t yet know the full consequences of a hard Brexit, including on routes of food supply. The official comment from CEO Coupe made as recently as 3rd July, 2019, during results presentation was this. Screen Shot 2019-08-06 at 18.04.37.png746x703 102 KB I still hold my 1 tranche & will continue dong so until target of circa 225+ seen (having booked dividends), even if that’s longer-term than intended. Regards.
stutes
06 Aug 2019
Post 31st October Assuming a hard Brexit, will EU switch some ferries from England to France routes to France/Rep of Ireland. It would ensure movement of goods between member states and bypass any UK probs? How will the above scenario affect Sainsbury?
Ripley94
22 Jul 2019
Where´s the mathematics, Jackdawson? SBRY… XXXX By comparison the Tip Ranks site had Tom winnifrith successes rate @ -86% !!! Not sure what it means. Interesting comment from Frankers70 on HGM board that stock lows now not seen since WW2 ?
Ripley94
21 Jul 2019
Where´s the mathematics, Jackdawson? SBRY… XXXX Peter Stephens of Motley Fool blogged he liked it on 17th July 2019 . Tip ranks rates him 26% successes rate . Points out low p/e ratio of 9 . It has come off 25th June bottom of 188p now 205p
regardless
04 Jun 2019
Buy at 215.96 One man’s loss is another man’s gain Standard life is flying money moving to standard life funds
SaraRacano
04 Jun 2019
Buy at 215.96 You forgot the most disgusting thing in that he is still charging his clients despite huge mismanagement! The new, Fred Goodwin? I would ber totally out of these markets when all those computer systems hit red at the same time. Something tells me where about to another more deadly crisis. I may get a bit of money out the bank!
jackdawsson
04 Jun 2019
Buy at 215.96 SaraRacano: BTW - You do realise the greater importance of Woodford? It´s to all intense & purposes a bank run. You only need a few more of these & it could cause wide-spread panic as “investors†realise how illiquid these funds are. Sara, That I agree with. Though Woodford’s main Fund has badly underperformed for a few years now, so some more savvy investors may have seen this coming, to actually suspend all investor withdrawals & other activity will be a major wake-up call to the majority. It’s seriously bad news. It indicates deeper trouble brewing &, as you say, there are possible risks of contagion spreading later. Zero Hedge Multi Billion Fund Blocks Redemptions "This is one of the bigger events for the UK asset management industry of the last decade. A bonfire of reputation and a terrible moment for investor confidence.†Also, so much for UK’s largest broker Hargreaves Lansdown’s judgement regarding their customer recommendations to invest in Woodford’s Fund, not to mention that their motives are highly questionable. HL hold a significant stake in that Fund. For ages they had it as one of their “Wealth 50†top investment funds to invest in. Many HL customers took that advice. Whilst we can’t be sure when the next major recession will be, we know from historical trends that we’re probably due one sooner than later. So grounds for greater caution ahead & the main reason why I’m actively de-leveraging from some sectors. - GL.
SaraRacano
04 Jun 2019
Buy at 215.96 BTW - You do realise the greater importance of Woodford? It´s to all intense & purposes a bank run. You only need a few more of these & it could cause wide-spread panic as “investors†realise how illiquid these funds are. As I stated on the Tesco BB, the old south saying it´s not the snake that´s gonna get ya but the things that lay underneath. This sorry Woodford, affair could well set off a chain of events that could turn uncontrollable. Once people & insitutions get scared (Kent County Council) who knows what trouble this could bring. Bank runs are a sign of investor confidence in the system. Northern Rock? Soon after the whole system started to fall appart. 2008, will probably not repeat itself but the next crisis will be a good reflection of the past. Serious warning signs that need to be heeded!
jackdawsson
04 Jun 2019
Buy at 215.96 Sara, I agree, as will many others. No question that SBRY’s CEO Coupe has made too many poor decision. So it seems likely that he’ll be ousted sooner than later. That said, he’s just one more in long list of very poor FTSE 100 CEOs. For eg. Staley at BARC, recently Patterson at BT, Conn at CNA, Read at VOD, to name a few. A top CEO who know what he’s doing & that markets have confidence in often brings a significant boost to SP in no time. As we’ve seen recently with TSCO & earlier with MRW. As does a turnaround in sales, as happened recently over Christmas. Also, IMO, the greatest loss in market share for all big food retailers seems to have almost bottomed out. Now we find it mostly ebbs & flows. In that process fickle sentiment always a factor. I’ve no idea what SBRY’s P/E was in 1975-85 as relative to now. I can’t see how that’s relevant for some of the reasons you’ve indicated previously. This sector faces new challenges &, by association, profit forecasts for all big retailers have changed considerably in just recent years. Mind that I’m no investor here for hoping to hold long-term. But technically speaking, a rise back to well above 215 isn’t at all far-fetched. Whether that takes a few months, as I hope, or longer. Meantime, a decent yield offers adequate compensation. SaraRacano: Ever heard of the phrase flogging a dead horse? Didn’t you say similar about TSCO in 2016 when it briefly fell below 140? Food remains an infinite market. UK’s population will continue to grow. Patently, SBRY needs to improve its business in some areas. Then they’ll be fine. I’ve staked a buy on that playing out. Until then I remain confident about seeing later recovery here (quite unlike with UK banks), even when SP falls inevitably back come XD on 6th June. - GL.
SaraRacano
04 Jun 2019
Buy at 215.96 I am well aware of Woodford & his performance. He was a big fan of UK property. This type of investor are chasing 7% a year growth which means they are forced into taking high risks. Not sure what was in his portfolio. I haven´t said anything about Tesco, I have made my thoughts perfectly clear in the past with that. Tesco debt is not important relative to Sainsbury´s as they are two very seperate identities with very different business models (they could both be classed as logistic firms) Sainsbury´s main growth was between 1975-85 where profits went for 15m to 185m. What was the average Sainsbury´s p/e between those 10 years, relative to today´s? "UK’s food market expected to grow by 14.8% by 2023." Estimates are just estimates they are more often than not very wrong. So that´s growth 2.96% per year / 5 years (presuming growth is distrubuted evenly) 2.96 % / 6 players = 0.49% a year. Absoulutely stunning growth. Although the major winners would look to be Aldi & Lidl. The only way Sainsbury´s can grow now is through M&A. Mergers look out of the question. Another aquisition can the balance sheet take it? Going on from the Argos fiasco do you trust the management here? Even at 16.5% the p/e is grossly to high. It would deserve nothing more than a 6 or 7 if that. The barriers to entry have gone. In the late 1980´s between them Sainsbury´s & Tesco controlled 70% of the south east market, boy have those days long gone. Ever heard of the phrase flogging a dead horse?
