Tuesday 25 March 2014

J Sainsbury could attract renewed attention from Qatar, says broker | Business | theguardian.com

J Sainsbury could attract renewed attention from Qatar, says broker | Business | theguardian.com:



"It's an old chestnut that the Qataris could take another tilt at J Sainsbury following their failed bid attempt in 2007.



Now Shore Capital's Clive Black has taken another look at the situation, not just with regard to a possible takeover but also the other implications of the Qatar Investment Authority's 26% stake in the supermarket group.



Black said that Sainsbury's shares had fallen sharply in recent weeks following a disappointing fourth quarter update. But he pointed to a strong forecast net asset value and a good dividend yield as potential supports for the share price. And one other support should be the Qatar stake. Black said:"



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