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TESCO Undervalued Says Jeffries American Banks Broker. They say P/E 12 Substantially Undervalues Tesco Shares. Upside 450 pence, Limited Downside 280 pence. Huge Cash Flow with 4% Dividend Yield. They may be looking to upgrade Tesco year end forecasts. Then if TESCO BANK sale, HSBC whispers to buy. Shares going to lift up. Today worries about Christmas general retail sales knocks most retailers. However me thinks Tesco should do ok as value every little helps means retail price cuts for customers, higher Tesco sales volumes & Tesco likely to preserve benchmark profit margins too. Against Sainsbury’s, Tesco shares lagging so time for a catch up !
17 years ago the market cap was about £33 Billion - currently only about £21 Billion
2007 profits were about £2.6 Billion - should expect a similar figure for 2023
V1
The Tesco bank sale will be priced in when the value level of bids are put in and one accepted.
Re the sale of the banking division. Is it priced in aready or yet to be?
E_L noted thanks, any idea about the time scales involved? and are Barclays still the front-runner?
Don't forget Tesco Bank will be sold, probably be getting a capital return at some point.
Jimjam sorry, you could be right but since gifting your shares the vote is invalid as the saying goes 'You can't have your cake and eat it'... Tesco might get a price hike on selling their bank if they end up in a bidding war for their banking assets meanwhile RR might get SMR contract(s) in the spring to maintain the government's transitions towards renewables it's a two-horse race at the end moment! Likewise good luck with your investments
Yes well I hear what you say LTI but Tesco is just a grocery shop not a Hi tech outfit which if anything has shrunk a tad recently
Good to see this level once more after making a sale at about the current price a couple of years ago.
E04
''I can hardly believe that folks are paying these prices for such a paltry dividend''
A bit of a silly statement. It is not all about the level of a dividend.
I did very well from an investment in APPLE paying zero or very little dividend - currently yielding about 0.5%
I can hardly believe that folks are paying these prices for such a paltry dividend, can someone please explain.
Svend, Rolls because they benefit from wars. I gave my Rolls shares to a charity. Good luck with all your investments. JJ
Jimjam I shall thank you and hope you do too, if you wish to hand in a white flag it's okay we have all been in the trenches.. 😉
Meanwhile: Who do you think is the first company to hit the SP of 3.50 and 4.00 out of Tesco & Rolls Roice? (Yes both targets and 1 point is given for either company) end date is February 28, 2025
Svend, enjoy your weekend. JJ
Jimjam an 8p move in a 300p SP is not 'bumps' all SP experience trading ranges or noise and if measured less than 5% it's meaningless noise simply add a 5-week EMA to your chart and you can see that at no time since Aug 21, 2023, has the price closed below the 5-week EMA that is a fairly consistent 'straight' uptrend! 20 weeks to be precise 😆
https://www.tradingview.com/chart/?t=1021ec9a835d1fd058e82b7299b1d5
Fred, yes as there is no such thing as a straight line. JJ
Nothing goes up in a straight line!!!
Svend, for example 11 Dec. 290p, 15 Dec. 282p. Plenty of other 'bumps' in the last 20 weeks. JJ
Jimjam no exaggeration mate you show me the chart for the last 5-6 months where SP has NOT gone from £ 2.4 TO £3? (Incidentally, it hit a low of 2.4 in July/Aug but has then since ripped/stepped up in a staircase fashion coddling the Bollinger bands consistently. As the saying goes a chart picture is worth a picture of 100 words 😎
Svend, it has not been "on a constant rise" you only need to look back at the 3 & 6 month charts.
Lets not exaggerate. JJ
Correction ''Eccles04 the SP has been on a constant rise for 20 consecutive weeks with lower highs''
*Higher Lows 😉
Anyways, don't argue with Eccles. He used to be in the financial services industry. He refilled the change machines at Corrigan's Amusement Arcades for 50 odd years.
He's talking about people like Warren Buffet. That geezer hasn't got a clue.
Sounds impressive Eccles.
What is the company you refer to?
Would be good to know which one it is so I can evaluate risk etc.
Correct, the mainstay of my portfolio has dividends yeilding double that of Tesco for at least the last five years. My son had some tsco for a while but I soon got him on the right track.
Eccles
"It's easy to get significantly better yields than this share is offering which has to mean that the current SP is the result of people buying who don't know what they are doing."
You're right, I'm absolutely clueless.
I have an average of 223p and I've been picking up excellent dividends for years.
Income and growth.
I sure know how to pick a lemon !!