Very well said Vastman! Add Redrow homes into that scenario - just announced great profits but most of Joe Public can't afford their ridiculous house prices!

Have any of you ever seen the wafer thin profit margins supermarkets operate on? That is why price wars don't last for long, it is unsustainable. Supermarkets are one of the lowest net margin businesses listed on the LSE.

I wouldn't bother mate.

The only thing that matches the scale of many leavers ignorance, is their arrogance.

"Because we used to live in a dump back in the 'good ol' days' then what's the problem.

Absolute garbage Sainsbury's made a £587m profit in 2016 how the hell is that wafer thin!

I happen to know that a certain Supermarket buys Scotch eggs in for their value range at 23p a unit. That includes the supplier paying for the storage, transport and packaging costs (including the design) and sells them for 99p - that is virtually a 300% mark up way beyond what any small producer can demand.

Anther point, they may have lower net margins but they also have almost instant cashflow which is a powerful tool. Supermarkets order by the millions but they don't pay for it all and once and even the final call off takes 30 days to process. The customer doesn't get 30 days to pay for his groceries does he!

It's the suppliers and customers on wafer thin margins not the supermarkets but if you want to peddle that line feel free.

I was talking about net margin. Look at revenue to net profit.

People who follow the stock market and listed companies know that supermarkets operate on tight margins.

I'm not going to bother. You clearly knows better than all of our management team and the two leading economists that we had present.

A word for you though, in my experience, gobe, know it all's like your good self, know very little in reality.

Really, so you know what I do and how I know what I know do you mmm who's the gobe here I wonder.

Please don't make me laugh as to the reliability of what economists and Supermarket management say I'm not sure my ribs can take it.

What was it the late Ken Morrison said about a Morrisons CEO and cow poo! and that's from a man who new a margi when he saw one.

From the horses mouth www.j-sainsbury.co.uk/media/3165 ... cement.pdf Sales £23,506m Profit before tax £587m If my calculator does not decieve me I make that a net margin of 2.33%. So how are supermarkets able to absorb price rises and not pass them onto the customer without making a loss?

From the horses mouth www.j-sainsbury.co.uk/media/3165 ... cement.pdf Sales £23,506m Profit before tax £587m If my calculator does not decieve me I make that a net margin of 2.33%. So how are supermarkets able to absorb price rises and not pass them onto the customer without making a loss?

Interesting stuff.
My dad's bigger than your dad and I bet I used the bathwater after you Beagle!
Not sure how this relates to Trinity "Wildcats" though.
28-26 Up the Trinity.

p.s. wouldn't pea on Corbyn or his mates if they were on fire. Useless gits.

How dare you question a lefty Vastman, you should have learned by now they are always right, don't waste your energy mate they are not worth it.

Fixed that for you

Thought better of you Ben.