A director at Sainsbury (J) sold 142,474 shares at 264p and the significance rating of the trade was 83/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showi...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
The general evaluation of SAINSBURY J (GB), a company active in the Food Retailers & Wholesalers industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date April 30, 2021, the closing price was GBp 237...
COVID-19 - Dividend - Purchase of shares In light of the UK Government’s current guidance on public gatherings and its recommendations to take precautionary measures due to the risk of harm, the board has concluded that shareholders should not attend the AGM in person. Shareholders are encouraged to submit questions by emailing by 30 June 2020.Furthermore, the Board believes it is prudent to defer any dividend payment decisions until later in the year. In addition, ECGS recommends to OPPOSE t...
After the failed merger with Asda Stores Ltd (ASDA), J Sainsbury Plc (SBRY LN) is in the middle of losing market share to discounters like Aldi and Lidl and simultaneously losing out to more premium brands like Tesco Plc (TSCO LN) and ASDA. To counter this, SBRY announced a restructuring plan in September 2019. We've examined this plan and identified other areas SBRY can improve to regain its market share and become a competitor in the space again, particularly with the help of an activist. Wha...
Sainsbury is a UK based retail company being the third biggest player in the UK. The company operates only in the UK and in the Ireland Republic in the retail segment with the supermarkets and convenience stores, the financial services segment with the Sainsbury Bank, and property investments segment with the joint ventures with the British Land Company and land Securities Group. Sainsbury has approximately 770 convenience stores and offers over 15,000 own brand products. The Sainsbury bank offe...
No-moat J Sainsbury reported its first-quarter trading update, with retail like-for-like sales growth (excluding fuel) at negative 1.6% broadly in line with our full-year expectations. Management said commented on a highly competitive and promotional market with an uncertain consumer outlook, while it left guidance unchanged. Given this mostly in-line print, we are not changing our GBX 273 fair value estimate for Sainsbury's. Like-for-like sales (excluding fuel) declined 1.6% (down 1% including...
No-moat J Sainsbury reported its first-quarter trading update, with retail like-for-like sales growth (excluding fuel) at negative 1.6% broadly in line with our full-year expectations. Management said commented on a highly competitive and promotional market with an uncertain consumer outlook, while it left guidance unchanged. Given this mostly in-line print, we are not changing our GBX 273 fair value estimate for Sainsbury's. Like-for-like sales (excluding fuel) declined 1.6% (down 1% including ...
Item 2: Advisory vote on the remuneration report The structure is unacceptable. Although pay weighted more towards rewarding long-term performance, the difference is very slight. Additionally, the maximum bonus exceeds guidelines, accelerated vesting in the event of a change of control is possible, and qualitative criteria for the STI exceed guidelines. There is insufficient disclosure of targets for the annual bonus. Accordingly, we recommend that shareholders oppose this resolution.
No-moat J Sainsbury reported preliminary results for the 52 weeks to Mar 9, with group sales (excluding VAT, including fuel) at GBP 29 billion (equal to our model's) and retail like-for-like sales growth (excluding fuel) at negative 0.2% (versus up 0.4% in our model). Retail underlying operating profit increased 7.8% at GBP 635 million versus GBP 622 million in our model, principally driven by cost savings ahead of guidance (GBP 220 million versus GBP 200 million guided). Management introduced ...
No-moat J Sainsbury reported preliminary results for the 52 weeks to Mar 9, with group sales (excluding VAT, including fuel) at GBP 29 billion (equal to our model's) and retail like-for-like sales growth (excluding fuel) at negative 0.2% (versus up 0.4% in our model). Retail underlying operating profit increased 7.8% at GBP 635 million versus GBP 622 million in our model, principally driven by cost savings ahead of guidance (GBP 220 million versus GBP 200 million guided). Management introduced ...
On April 25, the U.K. Competition and Markets Authority, or CMA, issued its final report over the proposed merger of Sainsbury's and Asda, blocking the deal. This is in line with our expectations and follows the CMA's harsh preliminary assessment, which left no scope for the deal be approved. We maintain our GBX 273 fair value estimate and no-moat rating. In February, after the CMA announced its preliminary findings, we anticipated that no viable divestment plan could make the deal acceptable to...
On April 25, the U.K. Competition and Markets Authority, or CMA, issued its final report over the proposed merger of Sainsbury's and Asda, blocking the deal. This is in line with our expectations and follows the CMA's harsh preliminary assessment, which left no scope for the deal be approved. We maintain our GBX 273 fair value estimate and no-moat rating. In February, after the CMA announced its preliminary findings, we anticipated that no viable divestment plan could make the deal acceptable t...
On Feb. 27, Ocado and Marks & Spencer announced the creation of an equal-participation joint venture, putting an end to rumors of a potential tie-up between the two companies. The joint venture will include Ocado's U.K. grocery retail business (GBP 1.5 billion sales, 700,000 customers) and a new partnership for fulfillment and delivery services provided by the Ocado Smart Platform (management of warehouses and logistics via an annual capacity fee under a long-term contract) along with products a...
On Feb. 27, Ocado and Marks & Spencer announced the creation of an equal-participation joint venture, putting an end to rumors of a potential tie-up between the two companies. The joint venture will include Ocado's U.K. grocery retail business (GBP 1.5 billion sales, 700,000 customers) and a new partnership for fulfillment and delivery services provided by the Ocado Smart Platform (management of warehouses and logistics via an annual capacity fee under a long-term contract) along with produc...
Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to a...
On Feb. 21, the U.K. Competition and Markets Authority issued a much-awaited preliminary findings report on the proposed merger of Sainsbury's and Asda. In contrast to its milder first-phase findings, CMA now expects the merger to result in a substantial lessening of competition in U.K. markets in a number of respects, from in store to online on a local and national basis. Our previous GBX 360 fair value estimate was supported by a 75% probability of the merger going through with modest remedies...
On Feb. 21, the U.K. Competition and Markets Authority issued a much-awaited preliminary findings report on the proposed merger of Sainsbury's and Asda. In contrast to its milder first-phase findings, CMA now expects the merger to result in a substantial lessening of competition in U.K. markets in a number of respects, from in store to online on a local and national basis. Our previous GBX 360 fair value estimate was supported by a 75% probability of the merger going through with modest remedies...
On Feb. 21, the U.K. Competition and Markets Authority issued a much-awaited preliminary findings report on the proposed merger of Sainsbury's and Asda. In contrast to its milder first-phase findings, CMA now expects the merger to result in a substantial lessening of competition in U.K. markets in a number of respects, from in store to online on a local and national basis. Our previous GBX 360 fair value estimate was supported by a 75% probability of the merger going through with modest remedies...
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