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'.
I think we will see a small bounce back today to ensure it stays above as 180. I'm forecasting 182 close today. Hoping next week gets better. I feel we need some strategy news from Dave to lift this SP. We haven't really heard from him and what his plans are.
Black Friday sale !!!
Sp down to 1.60 very soon !!
RE: Oh dear
Look on the bright side at least you don't own Sainsbury shares as well!! Tesco sp went from 169 up to 195 in three weeks, this was with no announcements or plans being put in place, so in my opinion the price was inflated at 195. Tesco will bounce back as they are still the largest retailer in the UK and hopefully we can all make a bit of money when it happens.
THis drop is a maketmaker drop down - not on any share selling pressure. They should bounce back today.
Another bad day for Tesco shareholders :(. Huge fall this week with no signs of upward trend at all. Must say I'm a bit worried about this one! I really expected the SP to break through 200p before Xmas. May still happen of course but certainly going in the wrong direction at the moment.
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