Tesco was originally founded in 1919 and is now the UK's largest non-food retailer. It is operating in 14 markets across Europe, Asia and North America. It has many outlets including 'Extra', 'Superstores', 'Metro', 'Express' and 'Homeplus'.
With the accounting rules changing in 2019 about how companies show leased items...with Tesco renting a lot of stores, their Balance sheet will get hit pretty hard and the share price will fall due leverage, EBIT & EBITA increasing.
Something to account for when purchasing retail based shares....
Going to predict tesco will be £2.07+ or thereabouts just after results!
-Serious support in the late £1.80s (Check) - SFO fine has been hanging for a long time, now its out the way and actually quite small. Uncertainty is cleared up. (This will take it back towards £1.95-2 IMO). (Check) - Followed with results which I expect will show really good progress. (Back to £2.10ish) (TBA)
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