UK 13:38 Sunday, 27 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
The share price of Sainsbury’s (SBRY) has shot up today. The stock has risen 6.4% to reach 263.2p. It’s a personal relief to me- my first article on this site was on Sainsbury’s and I have invested quite a bit of money in the shares. It’s interesting to note that despite this rise the PE is still 6.56 and the yield is 6.56% too. The share is trading at around or even below its net asset value.
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Comments
David Russell
IF Netto takes the sales in the small stalls run with less people and less overheads than Sainsbury’s larger store’s will have to be closed or redeveloped into some type of Urban Living because the larger stalls will be a drain on the profits of any partnership. I have made a lot in this month but do not think supermarkets am a good bet. Supermarkets am up today but wait till Christmas trade figures come out and SOME will drop like a brick. I might be wrong and really hope I am but this is one area that as had its day and we will see more partnerships and possible mergers. but defiantly store redevelopments and store sales.