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J Sainsbury – a great share tip so far and now a Q3 trading update, still Income value?

By Tom Winnifrith & Steve Moore | Friday 8 January 2021

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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.

Which Bulletin Board Moron said we couldn’t tip a waiter? J Sainsbury (SBRY) has issued a Q3 trading statement. There were Christmas sales changes due to smaller gatherings but despite this and, even after forgoing business rates relief, it still expects to report underlying pre-tax profit of “at least” £330 million in the financial year to March 2021. That is better than we and the market had hoped for.

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