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Great post...
Special Divi
p
''will see me depart sooner rather than later''
Why do people whinge about their investments, when there is a solution.
Good to see you have made a decision
https://www.youtube.com/watch?v=B5jVJYNm9Tc
p
''I dont think this has been very "special" at all''
When are numbskulls going to get it into their heads.
The Asian asset sale and what to do with it has supported the share price against a general market downturn from the global pandemic. Without the sale, the return and the pension contribution, the Tesco share price would have been a lot lower with the rest of the market .
Shareholders have therefore benefited over this period of time and could have cashed out at any time.
Interactive Investor have completely removed Tesco from my portfolio. In the seven days since the move over from The Share Centre, all they've done is irritate me. Still not even able to link a debit card to the account. After this, I think it may well be 'cheerio'... Anyone else a Share Centre refugee?
Interactive Investor have completely removed Tesco from my portfolio. In the seven days since the move over from The Share Centre, all they've done is irritate me. Still not even able to link a debit card to the account. After this, I think it may well be 'cheerio'... Anyone else a Share Centre refugee?
With the number of shares reduced, surely the dividend will increase? The amount of money for the dividend will be the same, it is just divided in less shares.
Friday = 2550 x 240p = £6120, Monday = 2013 x 2.44 = £4910 + 1300 spec div = £6210 difference is £90. I dont think this has been very "special" at all. The BoD must know that there will be a groundswell of disenchanted shareholders who originally thought "great, at last Tesco are doing somethinmg for their shareholders after all the C19 trading profits and sale of Asian businesses" and who rightly believed they would share in the spoils. However it just seems that the BoD have spoilt the program. This does not encourage me to be a LTH, I think its slight of hand by the BoD and hence will see me depart sooner rather than later, as soon as I have found a more worthwhile home for my £6k. Here's one VERY disappointed shareholder who originally believed he was going to get some for of return on his investment with the special dividend program, but didnt. See you later Tesco, off to Asda for my shopping after this deflation.....
buy a fund for 1.50 are you taking the mickey ? You are aren't you ?
That is why I purchased on Friday with the recent fall in price. The possibility of a lot of money being reinvested into Tesco
I'm currently sitting on a £26 profit from an original 2k holding in my ISA.... minus a £12 charge if I reinvest it straight away (so I won't I will transfer it to my SIPP and buy a fund for £1.50)
I do suspect Tesco shares will drift up toward £2.50 now though as the market digests the 2.5bn pension debt removal and more concentrated shares.
D ividend R e I nvestment P lan
If you have a mandate in place for DRIP , will the special dividend still be returned in cash to you, or will it be used to buy more shares in the Company ?
When the dust has settled and investors look at their Tesco balance sheet, I think they will find that they have made a net loss
if they have a taxable Special Dividend, and a small gain, at best, if they do not pay tax.
Try www.shareview/dealings instead.
This is working.
S
''I still say they should have paid down debt with the proceeds would have been far simpler..''
The decision was made and confirmed at a shareholders meeting. It's history.
I look forward.
So in the low 2.40 range I see. After all this kerfuffle I still say they should have paid down debt with the proceeds would have been far simpler...or did the BoE squal please don't because you know what happens to money when you pay it off it disappears out of the money supply...Debt creates money Debt cancellation destroys money although JP Morgan 9 (the Man) would have said fiat currency because only gold is money everything else is credit
That would make sense if they haven't finished the process... thanks.
are you sure that they have completed the consolidation on your platform. If not, then that would be a reason for trading not to be avaiable
How much of the returned capital this month will be reinvested back into Tesco is a question that investors may want to bear in mind.
I invested more on Friday after seeing the recent fall in the Xsd/pre consolidation notional price from about 197 to 188p, thinking that may have occurred due to investors concerned with tax implications and selling. About 51p per share being returned will have to go somewhere.
Anyone else having issues using Eqi this morning... I click on buy option and it takes me back to the search option,,,,?
at about 243p
y11
I think you are a bit lacking in grey matter.
What is the connection with my buying on Friday and the price tomorrow?
Wow you’ve changed your tune long term, why would you buy you’ve been banging on all weekend about how they will open the same on Monday and tax implications! And now you bought on Friday? Are the drugs wearing off
I will be happy to purchase further Tesco shares on any significant fall in share price.