The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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For TESCO buyback. SP i,e.
Once the average market price over the previous X days has settled, then a bit more daily buying should commence
Fb
''This share buyback is going to take a LONG time !''
I believe the programme can last as long as April 2025
The delay in the update seems odd. Maybe someone overlooked it, or they're just dragging their feet. Curiouser and curiouser....
This share buyback is going to take a LONG time !
Stimied by rising price based on LTI comment.
The shares were bought very near to the open - the continued upward movement in share price most likely kicked in buyback pricing rules, preventing further purchases.
Good point.
So the buying pressure will increase over the coming weeks.
Wow. Did someone nod off at their desk for most of the day? The one thing it does show is that rise yesterday was completely driven by the market though as opposed to by tsco buying it's own shares. Fair play on that front FB.
Cracking start to the buyback yesterday !!
🤦
E04
''Can't understand why folk buy this''
??
the dividend yield is above the ftse average, and is more than twice covered by earnings. In addition, share buybacks for cancellation would help with any progression of the dividends paid per share.
I don't disagree, but at today's SP they're spending £1bn to take ~350m shares off the table over the course of a full year. I understand this will leave less slices of the pie on the market and pay dividends on but it just feels like a long winded way of achieving a SP gain.
Owl
"That being said it baffles me as to why they don't just plough this money into divs, 7bn shares for a company with the mcap of Tesco isn't exactly in confetti territory. That would drive the SP up dramatically."
The sp is up over 3% today simply on the commencement of a buyback that everyone knew about anyway.
That is pretty dramatic and silly dividends weren't required to shift it.
Yes, I'm aware this share drops in big chunks too but a business with Tesco's current market cap, a £1, billion buyback is huge ! Higher dividends will follow !
Can't understand why people with no shares in Tesco, spend time commenting on the share.
It suggests there's not much going on in their life.
Eccles - I think because it's viewed as a steady, stable defensive share that isn't as prone to fluctuations in it's market (ie miners, oilies) or regulatory issues (tobacco, gambling etc).
That being said it baffles me as to why they don't just plough this money into divs, 7bn shares for a company with the mcap of Tesco isn't exactly in confetti territory. That would drive the SP up dramatically.
Can't understand why folk buy this with a crap dividend and a crap PE.
Excellent response to the commencement of the buyback.
What’s the betting thing goes XD just before 409, and then it will drop and the interest will wane?
Well played sir. 😂😂
Tesco currently up on banana debunking
Any share he is in, he will defend to the hilt.
Even the comparison of the size and weight of bananas.
I've no doubt this Hawkingesque analysis of 2 bunches of bananas on an obscure part of the web will shore up Tesco's share price.
Car
''Not a match!''
they are - the same price per banana - banana sizes vary.
If you want to compare by weight using your Aldi sample (which may have had larger than the average sized and Tesco smaller than average) then -
Aldi 78p for 811g.
By weight Tesco sells for 0.90p per KG
this would make ALDI about 6.5% MORE EXPENSIVE than Tesco for 1KG.
Mr Tesco,
Saw your bananas today, “Aldi Price Match, 78p” Good offer, I fell for it. Went in Aldi to check, 78p. However, much larger bananas! Weighed both bunches,
Tesco bananas are 582g
Aldi bananas are 811g
So, Tesco’s bananas are over 39% more expensive than Aldi’s bananas!
Mr Tesco! 🤥🤥🤥🤥🤥
Not a match!
Mean tesco safe however it can be all over the place on drops etc
And money safe
Rather paltry dividend again equalling just over 4% yield, I can do better than that with The Post Office, offering just over 5% at present.