514 days ago
I start with Bud Light and wonder which British company might blow itself up in Pride Month. Sainsbury (SBRY) seems keen to destroy shareholder value. Then it is onto Tingo (FRAUD), Guild ESports (GILD) and Gfinity (GFIN) and Versarien (VRS). Do the maths at 6p and you will be gobsmacked.
2398 days ago
There is only one story in the financial papers today - the advanced stage talks between Sainsbury (SBRY) and Asda owner Walmart about merging the two UK operations. I discuss what any marriage, a marriage born of desperation, would mean for staff, customers and shareholders.
2411 days ago
The great Kate Andrews of the IEA, says that whereas under socialism folks starve, capitalism ensures that all desires are met. If there is demand folks will risk capital to ensure it is met. She is, of course, right.
2431 days ago
In Greece in a couple of weeks they will celebrate Easter with real eggs dyed a range of bright colours. It was, as it happens how we used to celebrate here as well. I remember my mother preparing such eggs on our hippy dippy self sufficient homestead in 1970s Northants. We did it at Easter to celebrate the re-birth of Jesus, the idea of new life bursting out. Don't tell kids today but that is why we all have eggs at Easter.
2829 days ago
Yesterday I revealed a series of 74 "interesting" transactions on the Teathers Financial (TEA) company credit card and some curious payments on the Teathers pre-payment card belonging to Nilesh Jagatia the company's former FD. There is now a very real suspicion that Teather's poor shareholders were paying for Jagatia's domestic shopping at his local Sainsbury's in South Woodford and that he was making withdrawals from the company's account for personal use. I have thus written to the new CEO flip flop Ben Turney who, of course arrived in the coup that saw Jagatia fired. The letter is below.
2889 days ago
In today's late bearcast I relay a stressful experience in the Post Office and the discovery of ouzo in my local Sainsbury. Is it just for me do you think? Cloudtag (CTAG) was caught telling porkies AGAIN, this time by Nigel, and I discuss that. I discuss React (REAT) shares in which we own. Then I look at Servision (SEV) and finally note Drunken Sailor's revelation on United Cocao (CHOC). And there is news about what is in store between now and Boxing day.
2966 days ago
I am the main shopper in this household, spinning down to the local Sainsbury once a week to provide for myself, the Mrs, Joshua and, most importantly of all, my morbidly obese three legged cat Oakley. I work with a mental shopping list and wander around in track suit bottoms to blend in with my fellow shoppers. I plod slowly trying to take in the full horror of life in modern Britain. It is addictive but each week I return to then emerge in ever greater despair.
3032 days ago
Jeepers!. Folks must have thought I was a deluded lefty as the Mrs sent me off to Sainsbury's with a rafia bag emblazoned with the name and logo of her "new" university on it, so as not to use any plastic bags. It could have been worse, the Mrs does have one from a recent conference she attended. It boasts the emblem of "The British Sociology Association." It might as well say "mad middle class Guardian reading lunatic."
3070 days ago
The June edition of UK Investor Show magazine is now live featuring Sainsbury v Tesco, Brexit or in, Tom Winnifrith vs Darren Atwater, 4 buy share tips and 3 sells to 0p from Tom Winnifrith, Q&A with Alexander Mining and more. You can download your free copy below.
3239 days ago
My boycott of all supermarkets is going well. Or it was until yesterday when an ailing Mrs ordered me to get some comfort food for her and some cat heroin for Tara the cat. When Tara sees the fridge opened she starts wailing. The only thing that will quieten her is cat milk. It is her heroin and without several fixes a day she gets very cranky. And so I headed to Sainsbury.
I walked in and staring me straight in the face are s stack of packs of hot cross buns at 80p a bag. For fucks sake it is just two days after twelfth night and
3605 days ago
Yesterday 12 journalists were murdered by those who deny free speech. Today on the LSE asylum others who do not believe in free speech are at work. They may not be murderers but they are no less despicable. I start with that matter and Quindell and move on to cover Kenmare, Global Energy Developments, Tern, Igas, Sainsbury and Tesco, Touchstone Gold and Northwest Investment Group.
3696 days ago
The warning signs in Sainsbury are clear – if you are under 25 you will have to show ID to buy booze. The Mrs was wandering around the aisles earlier this week picking up a bit of this and that and stuck a bottle of plonk in the trolley and guess what? She got carded!
The man at the checkout asked for proof that she was 25. Now I know that my wife is younger than me and that she is a total stunner but this is ridiculous. I have revealed here in prior articles that we celebrated her 40th Birthday earlier this year. To say that she felt a tad smug about this as she relayed news of this incident to me in an excited tone would be something of an understatement.
4248 days ago
Robert Sutherland Smith is again proving that he is still alive with another guest post. Robert started his City career the year before I was born and is, I think, 157 years old. Fear not. He is very much alive and kicking. He and I have worked together for almost eight years at t1ps.com . He is my friend and he is a very funny and intelligent chap. He is now branching out to celebrate his 158th by doing some freelance writing over at TradingResearchPoint on FTSE 350 Income stocks. Robert is a speaker at the UKInvestor Show on April 13th. He is a great one for focussing on yield. RSS today looks at William Morrison, the supermarkets group. RSS writes:
I can remember when William Morrison (MRW) was once the most fashionable share in the food retailing sector. Not only fashionable, but exotic too; an emergent hitherto unknown northern kind of retailer, that was culturally different; more direct and tougher than softer southern food retailers like the then Tesco and Sainsbury. In stock market terms it was a bit like one of the heroes from one of those gritty fifties novels set in the north like ‘This Sporting Life’ and the ‘Loneliness of the Long Distance Runner’. I seem to recall that Morrison’s brought the concept of ‘bogof’ to our shopping reality. William Morrison was at the no nonsense, cutting edge; retailing with a Yorkshire accent. It was highly rated as I recall, because it was a growth business as it pushed into the deep south of gentrified food and grocery demand.
But things have changed. Morrison is out of fashion in the food retailing sector now
