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Will the share consolidation happen after the ex-special dividend so that it won't affect the number of shares you have that qualify.Also how will the consolidation affect the share price?
I'm bamboozled by all this nonsense of a special dividend.
From what I can make out it's simply a return of capital BUT instead of being able to use to calculate it as a capital loss , the shareholders will instead be liable to pay income tax on the distribution.
So where's the sense on that?
Anyone?
I expect a decrease in sales in January. The alcohol over purchased for Christmas , often with the 25% discount will not be returned to store. A lot of the turkeys booked for this week I expect to be cancelled. You may think , well if that happens, those not meeting up will just buy their own rather than visit. True to some extent, but many were stocking up on readiness for Christmas anyway before the five day pass was announced
Indeed, the amount spent on Alcohol alone will be massive, with all the bars and restaurants closed.
The payback of the business rate relief is now looking a very astute move by the board, to avoid future criticism when the Xmas trading update is published in January.
Hunker down here until covid has passed and we will reap the rewards. People will spend more over next few weeks at Tesco as people won’t be going out again
i think most of the big investors are still playing other shares for gains post brexit then will pile in here.
the question is will the price recover quickly post the payment. they will have a much better balance sheet clearing the pension hole
Thanks norrab1, would have thought the share price would be higher if paying a 51p special divi, but its still fairly low.
Circa 11 Feb.
Does anyone know the actual last date to buy Tesco shares to qualify for the special dividend.
3Q and Christmas trading statement on 14th January should show a hefty Bank balence and whopping Christmas trading ..
' when this goes ex-div in Jan/Feb.'
RNS states subject to approval at the GM on or around the 11th Feb. This will be when it goes Ex Dividend.
https://www.fool.co.uk/investing/2020/12/12/tesco-shares-good-dividend-news/
Sure most on this board are already aware. I don’t mind whether share consolidation or cash dividend. Ebitda from Asia is 13%, div about 22-25% depending on the share price when this goes ex-div in Jan/Feb. Lots of people investing in COVID play shares who they expect to recover. When retail investors realise this is one of the best COVID plays and retirees see the dividends on offer here, they’ll flock to Tesco’s. If restrictions worsen, people spend more at supermarkets. Year end results as a result of covid will surprise the markets. Huge upside here in one of the safest cash liquid companies in the uk
prussel
On or around 11 th Feb and dividend payable on or around the 26th Feb. Note the wording in the RNS ‘on or about’
I would have to say that he should read the RNS and make his own interpretation. His interpretation is every bit as good as any others
Anyone know the EXD date for the special divi of 51p, IF it is voted through at January GM. Pal of mine wants to invest however the SP of Tesco overall is pretty static mostly and with an 11p forecast dividend there are better options. Buying Tesco would only be interesting if he could still secure the 51p specdivi. He's a cautious lad and only want to put approx £7k in. Have advised him I don't know if buying now secures the specdiv. Any views / help? Cheers
News tab reporting broker upgrade for Tesco. Positive analysis from Morgan Stanley. Cost cuts going forward for Bookers too.
Lots of positives despite the sp stuck in the doldrums.
My holding by 10k ,( effectively I’ve got my 50p dividend and won’t have to pay tax as I’ve used my personal gains allowance), question is where to stick it! I’ve watched it bumble along for ages in the same 20p band and watched my other shares climb pretty well with the exception of micro focus : Going to put a few k in Marks & Spencer Just wish I did it sooner when I said I would
I see Brexit is causing concern for retailers and food manufacturers due to delays at the ports. If retailers have been stockpiling then I can see shoppers doing the same as the realisation of potential shortages sinks in. Not sure what the impact on the big supermarkets will be but can see supplies of long shelf like goods, particularly from Europe being in high demand.
Price rises inevitable regardless of any deal. Lets hope TSCO forward planning is a s good as their ability to adapt to the pandemic was.
https://www.independent.co.uk/news/uk/politics/brexit/retailers-ports-inquiry-congestion-brexit-b1775007.html
The currency is hedged. No drama there.
The only variable is that of the currency exchange rate. A nice low dollar to sterling exchange rate would be even better
Yes, the money will be in the bank account for a very short period. During that time the NAV and cash at bank will be higher but, unless that coincides with an end of quarter update we will never know, essentially it is a wash transaction. I doubt whether any one or any institution is unaware of this transaction. The amount and allocation of funds have been known for months and there has been no deviation from the published circular
Yeah, I understand they have the money allocated, but once they receive the proceeds surely they have a bank balance that is 8 billion to the good (untill they spend it) surely this pushes up the share price .. (again, till they spend it)
Poker chips
When you say that the Asia business is doing better, you do realise that there are two Asia businesses, one profitable and one not.
Poker
Yes in part. However, 5billion has not left the busines. It is the value of the businesses as they appear in the balance sheet. The profit on the sale was never in the business to start with.
Mags
There was an initial GM which was put to the vote and carried by a very large majority. The numbers and the allocation of funds have not changed so it is very very unlikely not to be passed.