Ken Baksh – October market report…..trickery or treats!

October 2018 Market Report During the month to September 30th, 2018, major equity markets again displayed a mixed trend, rising by 1.19% overall and the VIX index fell. There continued to be an abundance of market moving news over what is traditionally a quieter month, at macro-economic, corporate and political levels. The European Central Bank […]

Ian Pollard: Sainsbury – Embarrassed At The Altar

Sainsbury (J) plc SBRY tries to present itself as the blushing bride dressed in all her finery and waiting at the altar for her handsome suitor. Certainly the blushing is well justified having regard to the way in which the annual figures for the year to the 10th March are presented. On an underlying basis […]

Ian Pollard – Sainsbury Beats The Pessimists

Sainsbury J plc SBRY expects full year underlying profit before tax will be moderately ahead of published consensus after a strong third quarter produced a rise of 1.1% in like for like sales, excluding fuel, for the 15 weeks to the 6th January. Groceries online and convenience saw growth of 8.2% and 7.3% respectively leading […]

UK High Street – Not In Good Health ?

Sainsbury SBRY hs been forced to cut  its interim dividend by 14% to 3.1p. Despite all the hype about outperforming this and growing market share in challenging conditions etc etc, in the end it was forced to choose between sticking to its strict policy of paying an interim dividend  equal to 30% of the prior […]

Sainsbury’s Lesson in Retailing

Sainsbury J. SBRY put in a strong performance during the quarter to the 1st July with retail like for like sales growing by 2.3% and grocery sales by an even larger 3%. Online grocery sales surged by 8%. In General merchandising and Clothing, Sainsbury outperformed the market and this was not a one quarter flash […]

Sainsbury Slashes Dividend – Clear Growth Strategy Succeeds

Sainsbury J. SBRY slashes its final dividend by 18.5% for the year to 11th March, sees profit before tax fall by 8.2% and basic earnings per share by 26.8%.  And the CEO has the cheek to trumpet it as a pivotal year with a clear growth strategy which has made significant progress. If it did […]

Sainsbury Clams Up On Food Sales

Sainsbury (J) plc SBRY Like for like group retail sales at Sainsbury fell by 0.5% in the 9 weeks to the 11th March but very, very strangely it tries to get away with keeping its food sales secret.  Argos did very well with a like for like rise of 4.3% and TU clothing did even […]

Big News from Sainsbury- Broccoli & Onion Prices Permanently Reduced

Sainsbury J. SBRY has had to admit that during its second quarter to the 24th September, it has, because of price deflation, had to sell more to earn less. Despite like for like transaction and volume growth, like for like retail sales were down by 1.1% and total retail sales by 0.4%. As for the […]

Sainsbury Slashes Price of Eggs As Sales Fall.

Sainsbury J. SBRY When a major supermarket group has to describe a 0.8% fall in like for like retail sales excluding fuel,  as a solid start to the year, then you know that the industry’s problems are massive and that this particular company and its management  are troubled.  But it has permanently slashed the price […]