Results: SBRY

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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.

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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.

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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.

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J Sainsbury (SBRY) has announced results for its year ended 6^th March 2021 and that it has “carried good underlying trading momentum into the new financial year and started the year strongly”.

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Back here on the 1st March, Tom, Nigel and myself had a very interesting chat on the outlook for gold sector opportunities...and an understanding that markets that continued to be generally highly optimistic would be unlikely to be led by the performance of the gold shiny stuff.  My own view - expressed here and elsewhere - is that the scope for higher UK, US or European equity markets by the end of this year is still likely - but that does not mean I dump all my favourite gold holdings.  All this means is that you are playing a medium-term came with the latter grouping.  To that end I still have about 10% of my shares portfolio in my person favourite Barrick Gold listed in the US and Canada.