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Consolidation just refers to the start of a share buy back program and/or the cancelling of shares held in treasury...all good.
likely to be paid in Feb 2021 and sale completed approx 18th dec 2020. All good news for shareholders. Anyone know what the share consolidation is about?
So what if you cannot get strawberries or French cheeses in January. Perhaps go back to seasonal food only available from the UK. Imo, people will have a shopping budget to spend on their shop and they will spend it come supply issues or not.
Margins is what analysts will be looking closely at and I’m sure rising costs will be passed onto the consumer.
I can see a good degree of panic buying prior to January 1st if there is a no deal.
People will gorge themselves well into January, what they don't eat they will throw away and buy more .. it's already a record breaking 4 weeks .. then maybe brexit will become an issue, but as Incle_Doug says, we'll all still need to eat ..
deal or no deal - we'll still need food, etc.
The deal appears to have been in the oven for too long, i'm surprised the SP is not lower.
When is the Asia sale likely to be approved? Do posters think it has been fully reflected in the current SP, as it looks like it has not - Newbie
I'm hoping that something will come along soon and light a fire underneath Tesco, as the SP has gone back to flailing since that nice little boost 1-2 weeks ago. Despite the excellent sales, maybe it's the uncertainty of this looming Brexit deal or no deal that's keeping it grounded?
Maybe hedge funds moving money to more defensive shares but with all these A algo trades then they can move the sp up or down to suit their own agenda. Bought last week at 2.26 and hoping that the sp moves in a direction that fits my agenda. ;)
Not sure, but one at 18m, three at 2m, 1m, and a handful at 500k plus .. probably 20 buys in all over 100k .. I always check out the activity after 4.30pm as maybe an indication of the day ahead .. good news today regarding sales and a whopper of a month ahead ..
UK grocery sales up 10% in November with almost £11 billion in sales. Figures obviously driven higher with lockdown but the majority of the UK is still under the highest of restrictions making that trend continue throughout December. I know not many parties over the xmas period but restrictions will still put more money in the till.
mags1444, did not see the trades yesterday at the close. Could they have been UT's?
Comforting to see some very big buys late on today .. showing confidence, or maybe something is about to happen ..??
Co Op, M&S Iceland and Waitrose refusing to return cash back to the government. Pity consumers don't vote with their feet.
https://www.thisismoney.co.uk/money/markets/article-9019433/Four-supermarkets-resist-calls-return-pandemic-tax-breaks.html
Agreed, never keep all your eggs (or too many of them) in one basket. I have spent the last hour changing the structure of my pension fund for the next ten years. Interesting, that the Tesco Shariah Fund has romped away. Leaves most of the others standing.
The advert is not as it is because of political correctness. It reflects the inclusiveness values of the company and reflects the customer base and make up of the UK. I will accept your comments when Santa Claus is depicted as black and female.
Time to sell a few me thinks..
Well this gained 2p and a 9p dividend since the saye came out .
Mark’s n Spencer’s is up nearly 50% from its 95 low a benefit of Debenhams closing no doubt as same kinda people that shop there.
My little bit of diversification in the market is massively paying off compared to this sleeping giant. But I guess it’s safe
I think we have to give the new guy time to make his mark.I will be the first to agree if you are proved correct.
Arrghh the advert. Personally I hate TSCO's right on woke ticking very single minorities checkbox advert. Politically Correct police out in full force. It's so patronising and whoever talks about a "naughty list" at Christmas. Also "naughty" has negative connotations and as such should never be used in marketing. John Lewis and Amazon have the best adverts this year. Having said all that, TSCO's ad is way better than SBRY's adverts which are truly painful. Just my opinion.
...except that the share price is up and the other sheep supermarkets have followed TSCO's lead in doing the "right thing".
Exactly right.
We shareholders were the victims when the top management at TSCO reported a timing issue over recognising profits and were fined millions , the share price more than halved and Warren Buffett decided thatthe plc was being run by a band of clowns. None of the directors suffered any loss , leahy left with millions and started up in competition and the criminal case run by the FSA against the plc failed . So we're back to the same incompetence... the Board trying to be seen as good citizens when it is having the opposite effect....shoppers will not change their habits and change loyalties to TSCO .
Instead all TSCO is doing is driving the share price down and cheating the shareholders. Plus ca change.. plus le meme chose,
TSCO have said thank you, but , no thank you to the government. I now expect the same sign of good will and manners from the government to say " No thank you" and for TSCO to keep the money for all their hard work arranging deliveries etc and assisting in keeping the country fed during lock down`s. So the Business rates relief ends up as:
"Thank you, but , no thank you, but thank you" It is at this point when us shareholders can turn up and say: Since no one feels worthy of receiving this money, we will and bye the way: Thank you.
A perfect post, Rosewall, and nothing to really add to that. I was a bit skeptical of why this happened at first, but I've now put that down to my inexperience with investing and business - this seems like the perfect play now, and clears Tesco's name when the next profits come in and investors get dividends. The gauntlet was thrown down by Tesco, and this sets an example for their competitors, as well as proving to be in a strong market position to attract future investors.
The only way is up now, with a bit of luck.
Edgasket
"Look do we live in a communist state where all profits have to be returned to the government? What about the risk I took investing in Tesco through the pandemic? ................. Are the government giving me money back that I lost?"
As ever, a load of nonsense. The relief was not a gift, it was a life belt. In the end, the company was resilient enough not to need it and offered to pay it back just as HMRC were looking at penalties. Remember, there will be a lot of small businesses and self employed people out there who will be hammered with a tax bill and penalties in the coming year or two for taking grants when they were not required - look at the HMRC small print.
As for being communist, yes, you are right. However, Tesco are a grocery business and accepts the risks that goes along with grocery businesses. You are an investor and you accept the risks goes with that. Covid and Tesco is outside the spectrum of risks. You being wiped out on some shares is just part of what investing is all about. Lots of investors have made money out of Covid and have taken the opportunity to buy cheap. If you haven't then that is that is down to your poor judgement and timing.
Tesco have avoided any profiteering at tax payers expense penalties. They have headed off this threat from HMRC, taken the moral high ground and shafted the competition. Not a bad day's work.
Remember, Tesco has had experience of falling foul of HMRC in the past - the share price has nowhere near recovered from that bruising. Can you imagine the media if a firm with a track record of fraudulently misrepresenting their accounts then run foul of HMRC again? Fancy being fined another couple of hundred million?
I am assuming that the repayment will not be in one lump and that it will be spread over a small number of years.
Moonman
By the same token, most banks have not paid 2019 dividends due to 2020 Covid. If a bank paid out dividends and then asked for public money to bale them out the end result would have been a bale in. The dividend is for a previous year but that is not the point. It is the BoD's responsibility to steer the ship through choppy waters and I think that, taking everything into consideration, they have done the right thing for the business.
OK remove Aldi of the subject on business rates, but rest of post stands.