Sainbury issued a promising trading statement last week but why no mention of margins? It's not alone with all the other multiples reluctant to cover margins in their quarterly updates. Good see that Marks gives them a mention.
Commentary at www.investorschampion.com

Decided on SBRY @ 302.70
2517

Our local Sainsbury's is to get a massive extension from single storey to two-storey with extra parking at rooftop level.

Unlike me, my wife has tried to stay loyal to them, and I have often argued against this with regard to this local store - but she did insist and won the day mostly.

We were there yesterday doing a shop and the existing interior is now just about falling apart because of lack of maintenance and poor staff attitude, whilst they put most things off and wait for the new stuff that will come with the "new store". It will be about double the size and everything will then be all brand new. Turnover will double from 1.25m per week to about 2-2.75m per week.

I have frequently asked my wife to 'open her eyes a bit wider' around the place. When she did on this visit she saw one side of a whole aisle of greengroceries that had been taken out of service. It also looked like every one of the fronts to the floor level cabinets to these units had been severly bashed/dented by an aggressive floor polisher machine. This was a truly disgusting and amazing site!

Anyhow, after me complaining yet again to their CS, and for about the 10th time on the state of the Gents loo, she has finally capitulated and we have now decided that enough is enough for this Sainsbury's store in its present state.

I read between the lines that Sainsbury's have actually 'fallen out' with Jamie Oliver.

We took the opportunity to stock up with Jamie's Pasta sauce from his new range as they slashed the price to 1/2 price. I do recommend this to you (go for the one with Chili and add your own basil).

As an alternative to Jamie they have signed a deal with Lorraine Pascalle, who is a very delightful and dishy young black/mixed race lady. She is into 'baking and cakes and stuff'. Jamie was into everything except any of all that.

Will Lorraine be a good move? We think not. But she will better to look at and undoubtedly be less costly. Jamie is now roughly worth more than Sainsbury's!

SBRY are constantly playing catch up no innovation, no imagination... going no where.

Thanks for those cheery words guys, sp should start to motor then.
2517

Could fall to 260p.

Price wars with Tesco and Asda will undermine all food retailers previoulsy immune to the slow-down.

My 'foot' in the sector is TSCO and I will hold for now.

TSCO v SBRY.

Sainsburys pay a dividend of 6% which is a better retutn than the building societies.

There are plenty of high yielders about atm - many less volatile (boring?) have a look at VOD which has an extra dividend coming early next year from its Verizon interests.

Mitzy if you are looking at low(er) risk yielding stocks - have a look at some of these - no advice given or intended.

SDV current yield 6.8%
SHRS 7.02%
ISG 9.05%
GACA
MKLW 5.7%
HICL 5.8%
JLIF

High yielding but a risk atm are many of the insurers.

AV - current yield 8.97%
RSA - 8.11%
SL. 6.52%

Will take a look thanks.

40p lower than my purchase 7 weeks ago, I thought they were cheap then so will pick up more. Maybe 2nd qtr 'like for like' is not as good as the 1st qtr. I believe SBRY own their stores as well, so mkt cap is below nav, throw in the juicy divi and possible return of t/o chatter, and the sp could improve somewhat.
2517

Not a holder here George but should they fall to 240p I will buy some in view of the fact their property is worth twice the presnt share price.

Having problems holding above 260p I think.




Worth buying @240p.

Trading Statement.

Second Quarter Trading Statement for 16 weeks to 1 October 2011

Good sales performance in a challenging market

Total sales for second quarter up 7.8 per cent (4.4 per cent excluding fuel)

Like-for-like sales for second quarter up 5.4 per cent (1.9 per cent excluding fuel)

Total sales for first half up 7.6 per cent (4.3 per cent excluding fuel)

Like-for-like sales for first half up 5.1 per cent (1.9 per cent excluding fuel)

Market appears to like the SBRY numbers, and mixed on TSCO.
2517

Good figures George I missed the boat here.

Know what you mean Mitzy, my finger refused to click the mouse for EMG @ 150p yesterday, same with LAD but I'm sure there will be many opportunities before the debt crisis is over. Talking of which, if personal debt is being paid off, (last 3 years we are told) then at some stage those same people will be debt free, or at least at a level of debt with which they are comfortable.
2517

Sainsburys sets out 1 billion sustainability plan

Sainsbury's today unveils a new 1 billion plan, which will ensure the company remains at the forefront of sustainability between now and 2020. The Sainsbury's 20 by 20 Sustainability Plan, which is being launched today, sets out 20 sustainability targets to be achieved by 2020.

The commitments address four key areas of focus:

Sustainable and Healthy Products - including Best for British: By 2020, we'll double the amount of British food we sell

Operational Excellence - including Operational carbon emission reduction: By 2020, we'll have reduced our operational carbon emissions by 30 per cent absolute and 65 per cent relative, compared with 2005.

Colleagues - including 20 years service: By 2020, 20,000 of our colleagues will have reached 20 years service at Sainsbury's.

Communities - including New jobs and skills: By 2020, we'll create 50,000 new jobs in the UK.

Interims on Wednesday.
2517