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SNACR

Something Is Happening In Sainsbury

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Sainsbury’s is my largest shareholding totalling 31,000 shares so it’ll be a stiff drink before the markets open on Monday morning for me. I was planning on reducing my position here ex-div and increasing my GSK holding and adding L&G to the portfolio.

I lost £30k last Monday exiting from an AIM listed copper entity. Oh dear oh dear. 

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4 hours ago, longtomsilver said:

Sainsbury’s is my largest shareholding totalling 31,000 shares so it’ll be a stiff drink before the markets open on Monday morning for me. I was planning on reducing my position here ex-div and increasing my GSK holding and adding L&G to the portfolio.

I lost £30k last Monday exiting from an AIM listed copper entity. Oh dear oh dear. 

surely this'll power the markets higher. was thinking of adding gsk myself 

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5 hours ago, longtomsilver said:

Sainsbury’s is my largest shareholding totalling 31,000 shares so it’ll be a stiff drink before the markets open on Monday morning for me. I was planning on reducing my position here ex-div and increasing my GSK holding and adding L&G to the portfolio.

I lost £30k last Monday exiting from an AIM listed copper entity. Oh dear oh dear. 

Tom, you are loaded, and should contribute to MrPin's motorcycle fund.

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1 hour ago, Virgil Caine said:

Once again two businesses struggling for market share and to maintain profits seem to be under the illusion that if they merge they will suddenly become world beaters. 

 

Is there any overlapping map of the stores?
There's very few Sainsburys about here - one in Oldham town centre and then one five miles away. Asdas there are many.

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2 minutes ago, sarahbell said:

Is there any overlapping map of the stores?
There's very few Sainsburys about here - one in Oldham town centre and then one five miles away. Asdas there are many.

Asda don't have the same shopper profile as JS so the stores rarely share a postcode. 

However the interesting thing is that JS have more convenience stores than they do superstores, with Asda having none. So this merger is probably the most efficient at driving joint market share. 

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35 minutes ago, sarahbell said:

Is there any overlapping map of the stores?
There's very few Sainsburys about here - one in Oldham town centre and then one five miles away. Asdas there are many.

I think ASDA has most of its stores in the North and Midlands. 

Not sure about Sainsburys

To be honest I think Wal-Mart just want out of the UK market. 

They have enough problems at the moment in the US.

Edited by Virgil Caine

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10 minutes ago, Virgil Caine said:

I think ASDA has most of its stores in the North and Midlands. 

Not sure about Sainsburys

To be honest I think Wal-Mart just want out of the UK market. 

They have enough problems at the moment in the US.

SE bias in general. Apart from the local stores which were largely acquired from Jackson's which had a north bias (though all the new developments have been all over the UK)

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I have cut down shopping at my local main Sainsbury's over the past few two years, and especially in the past 4 months, because I have found their price increases shocking.

The nearestAsda to me is about 6 miles away so I do not go there but have often compared the prices of identical goods in both stores with Asda always being significantly cheaper. I fear, as it looks as if the Qatari's are using Sainsbury's to take over Asda (Walmart getting rid), that Asda prices will increasingly significantly as a result. I do not see this benefittingthe consumer at all.

FWIIW, many financial bods in the US think that long-term Walmart is best positioned to take on Amazon - Walmart's online business is increasingly rapidly.

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8 hours ago, longtomsilver said:

Sainsbury’s is my largest shareholding totalling 31,000 shares so it’ll be a stiff drink before the markets open on Monday morning for me. I was planning on reducing my position here ex-div and increasing my GSK holding and adding L&G to the portfolio.

I lost £30k last Monday exiting from an AIM listed copper entity. Oh dear oh dear. 

 

It will be interesting how the markets respond re Sainsburys share price. I imagine Walmart's will soar if they are indeed dumping Asda.

I doubt this will be stopped by UK govt as we are sucking up much more to the Qatari's now as they wish to buy some Typhoon fighters from us. Plus they suply us with most of our gas I believe.

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25 minutes ago, The Masked Tulip said:

I have cut down shopping at my local main Sainsbury's over the past few two years, and especially in the past 4 months, because I have found their price increases shocking.

The nearestAsda to me is about 6 miles away so I do not go there but have often compared the prices of identical goods in both stores with Asda always being significantly cheaper. I fear, as it looks as if the Qatari's are using Sainsbury's to take over Asda (Walmart getting rid), that Asda prices will increasingly significantly as a result. I do not see this benefittingthe consumer at all.

FWIIW, many financial bods in the US think that long-term Walmart is best positioned to take on Amazon - Walmart's online business is increasingly rapidly.

They increased their prices only to implement a new lower price campaign that are the same prices  they were before the price hikes. 

 

3 hours ago, Fully Detached said:

Not as loaded as he was last Sunday.

True.

3 hours ago, MrPin said:

Tom, you are loaded, and should contribute to MrPin's motorcycle fund.

Ha. There are so many hurdles that any promises I make are underwritten by the thievery of our great masters and the perpetually dangling carrot of creeping pension age rises. It’ll be confiscated long before I get my hands on the money. With that said what colour motorbike do you want? 

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16 minutes ago, longtomsilver said:

They increased their prices only to implement a new lower price campaign that are the same prices  they were before the price hikes. 

 

 

No, they are not IMPO. The prices have gone up considerably in the main Swansea store - I am a canny shopper and keep a keen eye on prices. Sainsbury's is the nearest main store to me so it would make sense for me to go there. I simply will not pay a premium for goods which I can buy much cheaper in other stores.

There is a Sainsbury's Local near me - a Tesco Express opposite. The Sainsbury's Local prices have also gone nuts since January resulting in them, a couple of weeks ago, introducing a load of Polish, Chinese and Indian branded products. I think this is because the store had become a ghost town - there is a Tesco Express opposite which is now always crowded - because the prices had simply gone up too much. The introduction of the foreign branded goods seems to have been an attempt by Sainsbury's to source cheaper products.

I think this will be very bad for the UK shopper if Sainbury's take over Asda. The financial sites suggest that Sainsbury's shares will be suspended at the open in the morning or that there will be some announcement pre-market.

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17 minutes ago, The Masked Tulip said:

 

No, they are not IMPO. The prices have gone up considerably in the main Swansea store - I am a canny shopper and keep a keen eye on prices. Sainsbury's is the nearest main store to me so it would make sense for me to go there. I simply will not pay a premium for goods which I can buy much cheaper in other stores.

There is a Sainsbury's Local near me - a Tesco Express opposite. The Sainsbury's Local prices have also gone nuts since January resulting in them, a couple of weeks ago, introducing a load of Polish, Chinese and Indian branded products. I think this is because the store had become a ghost town - there is a Tesco Express opposite which is now always crowded - because the prices had simply gone up too much. The introduction of the foreign branded goods seems to have been an attempt by Sainsbury's to source cheaper products.

I think this will be very bad for the UK shopper if Sainbury's take over Asda. The financial sites suggest that Sainsbury's shares will be suspended at the open in the morning or that there will be some announcement pre-market.

Don’t get me wrong, remember I’m a vested interest until I can fully unwind my position here and only then can I slate SBRYs 

As a staunch capitalist I’m gutted with this move and we are all to blame. Everyone shopping on price alone that’s sending money out of UK Plc that’s grocery (Germany), electricity(France/Germany), water(China/America/Oz). We’ve been sold out on jobs, pension funds and our future. 

Im still seeing a mixed bag on quality+price.

I see Aldi and Lidl as a cancer to UK Plc likewise Amazon et al.

Edited by longtomsilver

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20 minutes ago, The Masked Tulip said:

 

No, they are not IMPO. The prices have gone up considerably in the main Swansea store - I am a canny shopper and keep a keen eye on prices. Sainsbury's is the nearest main store to me so it would make sense for me to go there. I simply will not pay a premium for goods which I can buy much cheaper in other stores.

There is a Sainsbury's Local near me - a Tesco Express opposite. The Sainsbury's Local prices have also gone nuts since January resulting in them, a couple of weeks ago, introducing a load of Polish, Chinese and Indian branded products. I think this is because the store had become a ghost town - there is a Tesco Express opposite which is now always crowded - because the prices had simply gone up too much. The introduction of the foreign branded goods seems to have been an attempt by Sainsbury's to source cheaper products.

I think this will be very bad for the UK shopper if Sainbury's take over Asda. The financial sites suggest that Sainsbury's shares will be suspended at the open in the morning or that there will be some announcement pre-market.

All of the prices I noticed going up a few months ago went back down to the original prices a month or two later - maybe they kept them higher in the local stores though.

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8 minutes ago, longtomsilver said:

Don’t get me wrong, remember I’m a vested interest until I can fully unwind my position here and only then can I slate SBRYs 

As a staunch capitalist I’m gutted with this move and we are all to blame. Everyone shopping on price alone that’s sending money out of UK Plc that’s grocery (Germany), electricity(France/Germany), water(China/America/Oz). We’ve been sold out on jobs, pension funds and our future. 

Im still seeing a mixed bag on quality+price.

I see Aldi and Lidl as a cancer to UK Plc likewise Amazon et al.

Why can't a UK company do what Aldi and Lidl do?

Seems to me that would be better than pointless mergers dreamt up by people in suits trying to make some cash out of the process. If Aldi and Lidl are gaining market share, it's because people like something they're doing. principally prices I would guess.

 

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11 minutes ago, longtomsilver said:

Don’t get me wrong, remember I’m a vested interest until I can fully unwind my position here and only then can I slate SBRYs 

As a staunch capitalist I’m gutted with this move and we are all to blame. Everyone shopping on price alone that’s sending money out of UK Plc that’s grocery (Germany), electricity(France/Germany), water(China/America/Oz). We’ve been sold out on jobs, pension funds and our future. 

Im still seeing a mixed bag on quality+price.

I see Aldi and Lidl as a cancer to UK Plc likewise Amazon et al.

The greed of the previosu big supermarkets left the door wide open.

We've all been left with a bitter taste in the mouth from the tricks they used to pull:e.g.  buy the plain packaged big own brand cereal only to find that it works out pricier than the smaller one, prices going up or down by 10% every week, punishment pricing for last minute things like greeting cards.

Any UK supermakret chain could have decided to play a straight bat on pricing fairly and consitently on a more limited range of products but chose not to do so preferring instead to "game" the consumer out of their money by masking their high prices behind ever-changing prices, "loyalty" schemes and promotions.

I will on occasion visit non Lidl / Aldi supermakrkets for specific things but always end up feeling that I have been consenusally robbed.

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5 minutes ago, swissy_fit said:

Why can't a UK company do what Aldi and Lidl do?

Seems to me that would be better than pointless mergers dreamt up by people in suits trying to make some cash out of the process. If Aldi and Lidl are gaining market share, it's because people like something they're doing. principally prices I would guess.

 

The current major UK supermarkets have enornmous liabilities in terms of pension debt, ordinary debt and being tied into long leases for their shops. So it is not easy for them to change to a Lidl/Aldi model without putting their credit worthinessat stake re the financial boys in the City. You would think it would be simple to change but it isn't.

They would also risk losing some of their core shoppers who simply do not like the German model of pile them high, sell them cheap. People are odd like that. But it is also understandable - lots of people want the delis, the large selections of goods, the alcohol, etc, that a Tesco, Sains or Asda sell but which the Germans do not. Shopping in the UK would be very mserable indeed if we were limited to just what Lidl and Aldi sell us

About 18 months ago the Lidl closest to me had a sudden big surge in clearly middle class shoppers - they were dumping the big Sainsbury's across the road and ending up in Lidl. But I have noticed in the past 6 months that they seem to have disappeared from Lidl. They don't appear to have returned to Sainsbury's as that store is mostly empty apart from the end of the week... so I don't know where they have gone... but they seem to have tried Lidl for a while and then given up on it.

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6 minutes ago, eight said:

And I see shareholders as monied parasites.

So what’s the alternative? Socialism?

Whether we like it or not capitalism and the monied classes  liquidity provides opportunities for others. From building super yachts for Ogliarchs to the people that service them and the jobs created (and destroyed) in big business. It’s the lesser of two evils. My fund hardly makes me monied (I’ve just checked I have £142 in the bank until Monday) and personally, I like to see the wider picture. Take my big loss (thankfully the portfolio has held up elsewhere), £30k down but my stake ensured 200 ($1.3million) tonnes of copper entered the market some of which  may find its way into the studs of the saddlebag I’ve promised to buy MrPin or be worked into green infrastructure. I might be a simpleton but do take delight that I’ve made a positive contribution no matter how small. 

If Ainsbury’s sinks that’s one less place we can park our money and the discounters are privately owned. 

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17 minutes ago, The Masked Tulip said:

The current major UK supermarkets have enornmous liabilities in terms of pension debt, ordinary debt and being tied into long leases for their shops. So it is not easy for them to change to a Lidl/Aldi model without putting their credit worthinessat stake re the financial boys in the City. You would think it would be simple to change but it isn't.

They would also risk losing some of their core shoppers who simply do not like the German model of pile them high, sell them cheap. People are odd like that. But it is also understandable - lots of people want the delis, the large selections of goods, the alcohol, etc, that a Tesco, Sains or Asda sell but which the Germans do not. Shopping in the UK would be very mserable indeed if we were limited to just what Lidl and Aldi sell us

About 18 months ago the Lidl closest to me had a sudden big surge in clearly middle class shoppers - they were dumping the big Sainsbury's across the road and ending up in Lidl. But I have noticed in the past 6 months that they seem to have disappeared from Lidl. They don't appear to have returned to Sainsbury's as that store is mostly empty apart from the end of the week... so I don't know where they have gone... but they seem to have tried Lidl for a while and then given up on it.

So they could open spin-off companies to operate in that marketplace?  The same way the airlines opened low-cost spin-offs to compete with Easyjet and Ryanair, but do a better job of it.

The supermarkets have been happy to rip everyone off in so many different ways for so long, I have no sympathy. In CH we have the same situation, shopping at Aldi/LIdl and one established cash-and-carry style Swiss place means it's not worth going to France any more to shop. They also sell a lot of high-quality fresh Swiss veg and fruit, quite a lot of it organic. They've also forced the existing supermarkets to get more competitive. Seems good to me, frankly.

 

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