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Thanks Leas .
21% yield seems a lot you have to minus the amount they're going to use to buy back stock too!
reedy
Approval is expected at the general meeting on or around 11th February and if agreed dividend is to be payed on or around the 26th of the same month.
Perhaps have a read of the second RNS headed condition of sale.
When is the qualifying period for the special dividend?
Hey barchid indeed misinformation is rife. Interesting ref the div you mentioned, makes me think I should do something about my tesco shares, I've two thirds in isa one third in trading account, looks like I should sell from non isa acc, sell something out the isa and buy the Tesco back... Might be worth a little calculation see if the trading fees and stamp duty worth the saving in div tax, atb
Thanks for the wishes Chris, same to you in these unusual times. Good question ref fair price to suppliers and growers. When it comes to rewarding UK growers fairly tesco in the past 8 years has rewarded farmers better than many, if you have a direct contract with them, you've had a better price than the market average. Of course going slightly further up the supermarket price point, waitrose rewards farms well as does coop and sainsbury to a degree. Aside from that Farm shops often struggle though, despite high prices they don't always cover their costs, they could benefit from a bit extra trade to be fair. Another good point with farm shops, certain items they sell may be better for your health, slow grown, solely pasture fed lamb and beef for example,
Tanx Dadean for that response.
Wishing you and all farmers and UK entrepreneurs the very best of luck in 2021.
BTW, I'm actually happy to pay more for UK produce but somehow it's the intermediates that seem to benefit and dont pass on the fair share to the original producers. Is there a way that consumers can be assured that Tesco and other supermarkets respond to give farmers a fairer proportion of the final price charged?
For me I winch when I see the ridiculous price of milk and fresh vegetables... we all know that these are loss leaders for the supermarkets but I'm sure they really pass their losses back to the farmers.
Iam holding tesco for the long term so the special divi I will just reinvest hoping the 51p goes back on the share price in the next few years well here's hoping .
dadean
Thanks for that clarification, sadly the animal welfare lobby seem to continually put out misinformation, it is a sensitive subject to many and deserves reasoned thought, not hyperbole.
What you say about Macdonalds is something I know a little about & you confirm my own information.
SP wise I suspect that once the special divi is paid more buyers will appear as the way this divi is constructed is similar, I believe, to the way Vodafone did theirs upon the Verizon disposal & PI's plus net funds like oeic's were subject to heavy tax, I certainly was in Vod, but if you hold in an isa or sipp it is OK.
If you are a high rate tax payer you wouldn't be buying Tesco now to pay tax on the divi at your top rate and to carry forward the capital loss (if you can), at a much lower rate.
Supposed to be around 50p I believe, way more than interm and full Yr, 5x more near 21% yield
Gosh Friday was another down day back under 230p , this ship does travel in a narrow channel, never gets cheap enough to warrant buying more never high enough to warrant selling,
Hey Chris I am qualified to answer that and I could say that over 100 such farms I've visited none run that kind of enterprise, the vast bulk of UK beef is grown reared on family farms, they have a herd of suckler cows, calve each year and their young are either reared sold fat, sold as stores and normally fattened in the UK, or enter the home herd as new mums..! Ps saw someone else's comment about mcdonald's, I know about their supply chain and can say they are supplied quality UK beef, UK free range eggs, British milk, British potatoes, they in fact source good ingredients and their company is subject to the "fake media" aka propoganda!!
Tesco will benefit from Brexit in short term if British Pound currency rate drops, the $10.3 billion we are getting for Thai business will be bigger if GBP is depressed. The proceeds of that sale is imminent!
Hi Molokai,
Do you know how much the special dividend will be , will it be more than the usual interim/and final?(comes out of £ 6.5 BN they got from Malaysian arm -buy back)
Can someone with a farming background pls let me know if the following is still true...it used to be that all British beef was initially reared in Ireland and then the animals were exported live into British farms. The animals were then fed for 6 weeks to three months and then legitimely sold on as prime British beef.
Both Ireland and the UK benefitted with this arrangement so if it's still the practice, what will happen post January 1?
Tanx for any clarification
Thankfully i stopped eating meat 25years ago.Absolutely refuse to buy my grandchildren Macdonalds,burger king or any of the associated muck.
Will happily take the dividend though
Welfare standards of animals seem to be of far more importance to the UK populace than in many places (though there is still a long way to go). When "little grey haired old ladies" take to the street then you know you have got it wrong and things have to change PDQ. I remember the stushie when they blockaded Dover (I think) to stop live veal exports due to raising and transportation conditions, the Government folded within weeks and new standards brought in. Europe followed suit shortly after. This was late 1980s / early 1990s I think.
Without promoting a share ANIC, have a look at portfolio pages of the Agronomics web site. The are real meat products that have been developed in a lab. Some are being brought to market in the next couple of years as they scale up to commercial production.
Seeing through the noise.... Disposal Proceeds due 18th December.
HL yesterday have Tesco as one of the best shares in 2021 with Tesco ramping up the Internet site and deliveries, adding distribution centres and reducing lines of products.
I must just add that beef is something we should all be eating less of as beef production is something that is environmentally unfiendly? I no longer eat beef burgers and have the occasional beef as a treat and am happy to pay a little more from it if produced in UK and not elsewhere. Yes lets keep UK standarsd higher than EU.
A Brexit outcome of either deal or no-deal will have little affect on the Tesco SP. The consumer will always pay an equal or greater proportion of disposable income when it comes to food. (Maslow).
barchid
Should have been a little clearer in making the comparison with beef mince. If supermarkets only supplied British mince because tariffs made EU too expensive then animal welfare would be very much higher.
I have a background in livestock and know that standards here are certainly better than I have witnessed in Europe.
I’m not anti Europe by any stretch of the imagination as I live between France and the UK.
Same goes for supermarkets too, not as many best before dates on a lot of goods and customer service is at best average.
Again, slightly off topic I read that M&S see an opportunity with their clothing sales due to many high street retailers falling by the wayside. I’m sure the same applies to F&F
Leas
Good points but Rosewall was talking about welfare standards, I can still remember trailers of live lambs being burned to death for the benefit of TV by "French farners".
My case rests
Animal welfare is a concern for most consumers in the UK. Surely it would be better to produce our own beef mince in the UK rather than outside. The BBC used beef mince as an example yesterday quoting potential tax of 46%. I’m sure British farmers can produce cheaper than that, make a good income for them, undercut EU prices and allow TSCO to maintain their margin.
Slightly off topic, some big institutions moving away from energy stocks to plant based producers. Whether we like it or not plant based food is a fast growing market. Probably bigger in the UK than Germany, France or Spain. Another example of how Tesco could potentially gain from the UK leaving the EU.
Rosewall
Is it possible to keep to Tesco's prospects and not bleat about brexit ?
Most people here want to enhance their knowledge of the company and its prospects, or am I mistaken ?
There is no doubt that there will be opportunities to purchase goods from other countries but my concern is welfare standards as well as prices. As it stands, you need an IQ of 356 to identify products with palm oil. At least EU standards were common and in the main adhered to else hefty sanctions