An "excitable" Monday on the markets! I see that it has helped pull the FTSE 100 back to a small loss year-to-date. Well at least it is a lot better than peers in all the rest of the developed world. Meanwhile, did you see the headline that “Asda and Morrisons drop prices to help struggling shoppers”. So what does that mean for names such as Tesco (TSCO), J Sainsbury (SBRY) and Ocado (OCDO) among others?
Hello Share Placers. I sang the praises of Tesco (TSCO) recently. But I also rate the chances of Sainsbury (SBRY) improving its share price. Like Tesco, it did well before Christmas with trading better than expected by the City. My local store has had a few gaps on the shelves caused by the general transport supply problems, but it’s not too much to worry about as customers will find alternatives.
Hello, Share Crunchers. With the battle for Morrisons (MRW) still going on, one is tempted to look at the other big British supermarkets to see if they too will become targets. There’s been some speculation about Sainsbury’s (SBRY). One possible buyer has even been named: US buy-out outfit Apollo.
Recommending shares in J Sainsbury (SBRY) as an Income portfolio buy in November at a 199.7p offer price, we noted grocery and general merchandise sales had remained strong to date in its second half of the year and suggested a 260p+ share price achievable. Little more than 7 months later the shares are already nearly there.
J Sainsbury (SBRY) has announced results for its year ended 6th March 2021 and that it has “carried good underlying trading momentum into the new financial year and started the year strongly”.
