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'.
Was just reminded of that old song by Eddie Cochran ( not those idiots Shawaddywaddy ) entitled Three Steps To Heaven !!! --- Or in Tesco's case atm , Three Steps To Hell ---- as the SP has given three higher highs & three lower lows since it topped out at 220p last november . What say we run a little sweep here stake on whether the next step will be , in the words of Brucie , higher or lower. The winning prize will be a 2 minute trolley dash in the… Read More
Seifert , i'm fine thanks , matey ----- Yes, and i think i said at the time that your " falling staircase " is more commonly referred to as lower highs & lower lows !! --- But that aside , yes , that's what we've got still atm. i'm afraid ---- very disappointing to see . Next step up on that staircase ( next lower high ) is around 202p . Next step down on that staircase ( next lower low ) is around 179p . Which direction will it choose ? I really have no idea… Read More
Agree. The only reason tesco isn't 120 today, is because it's such a recognisable name to the investing layman. Probably feels like the,'safe Blue-chip buy'. It's only reason it's still 190 region. Serious investors and funds have little interest here. Even a turnaround can't bring back it's glory days re discounters etc. Bookers was simply a play to try show some tactic is in play to major holders, and super dave hold his job for six more months.
How are you Hottentot? I hope all is well. As you may recall, I did short Tesco some time ago and got stopped out at 186p. Around that time I remarked that I observed a 'declining staircase function' type graph. I think this has re-established itself. - At the present time I am not positioned either way, as I have been working overseas and only observing from afar. What is a fair value on Tesco? I'd say around 120p. The management has no idea how to re-position Tesco, and it seems to me it's… Read More
Me? Wrong guy. Funnily, a friend was in it. Bailed out Thursday. Didn't like it's last few days consolidation in this now limited upside down area, in this leg. Think he said, next pullback he'd be seeking buy again. Think he only s dumps instead of holding and adding, if he expects a deeper than normal retrace of price.
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