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Share Views Episode 9 - Early Stage Investment Opportunities


Tesco Share Chat (TSCO)



Share Price: 181.55Bid: 181.50Ask: 181.55Change: 0.00 (0.00%)No Movement on Tesco
Spread: 0.05Spread as %: 0.03%Open: 180.60High: 181.95Low: 179.75Yesterday’s Close: 181.55


Share Discussion for Tesco


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Opium
Posts: 4,522
Observation
Opinion:No Opinion
Price:181.55
SFO/Pension Fund deficits
Sat 21:08
1) Dishonestly and intending to make a gain, or to cause loss to another or to expose another to a risk of loss".
2)They were also accused of having concealed the "true financial position [of Tesco] from the auditors".
3) Significantly, they were accused of having falsified the digital accounting records and the company's draft interim financial statements. The Lawyer in me finds 1) Ridiculous, 2) Maybe, but the auditors are under investigation themselves, & 3) Unlikely - the 'digital fingerprints' would be easy to prove, (an email instruction to 'sex it up', say) & impossible to deny. Wrapping all 3 charges together suggests a shotgun approach.
I read a recent report that says FTSE companies pay out 5 times in dividends, their Pension deficits & John Lewis faces a 'nigh on impossible task' reducing its Pension Fund deficit, ballooned by 512 million in 6 months, because of it's Partnership structure, just to put things in perspective.
 
Gerry557
Posts: 2,492
Observation
Opinion:No Opinion
Price:181.55
SFO
Sat 18:06
Not guilty being argued by the three. There are always two sides to an argument but it might be interesting to get some detail. Shareholders still suing though, Tesco not the three
Gerry557
Posts: 2,492
Answer
Opinion:No Opinion
Price:181.55
RE: Opium=poppy cock
Sat 18:02
I dont understand the pension comments you are making, can you link to the daily mail article then maybe my confusion might get clarified. I expect the deficit to rise as returns get lower and would expect more money would need to be diverted away from my dividend hope into a pension top up fund ..... unless we can sell it for a quid!

Is the confusion with SP something to do with size of deficit compared to Tesco market cap? Hopefully profit and fcf might be better indicators hence why I dont think Santa will be visiting with his divi sack this year even though I expect better numbers soon
spottedlurcher
Posts: 2,176
Off Topic
Opinion:No Opinion
Price:181.55
Dierich
Sat 15:06
Me too ! I miss my Christmas divi , was able to visit Nat is style in thise dats ! Will it ever return ! Hope your well and atb
Dierich
Posts: 1,923
Off Topic
Opinion:No Opinion
Price:181.55
hOT
Fri 21:53
Losing thousands in div's here every year, good job I'm not bothered.

Down tens of thousands too. LOL
Hottentot
Posts: 5,696
Off Topic
Opinion:No Opinion
Price:181.55
If that's what---
Fri 21:47
The daily mail article actually said , then like LennyMac i can only conclude that they are getting confused between the " value " of a company & the " cash " a company has ( or is short of ) to pay their pension obligations .The link below will explain it better ---

http://www.cnbc.com/id/100959648

GLA ----- anyways , SP doing rather well atm.
LennyMac
Posts: 651
Observation
Opinion:No Opinion
Price:181.55
Opium, BJ
Fri 21:26
I'm not sure how a mechanism would work to actually align the inevitable fluctuation of the sp with its somewhat less variable pension obligations. Either you've misread the information in the article or the definition of pension liability in the article is fundamentally different to the one I've used.
LennyMac
Posts: 651
Observation
Opinion:No Opinion
Price:181.55
Opium, BJ
Fri 21:16
A company's pension liability is the unfunded portion of its pension commitment; the difference between what a company is obliged to pay out and the amount of cash it has actually set aside for doing so.
Opium
Posts: 4,522
Answer
Opinion:No Opinion
Price:181.55
RE: Opium
Fri 17:19
That is NOT what the Daily Mail said a few days ago - Pension liability is a proportion of VALUE of the company, (number of shares x SP).
BruceJamieson
Posts: 3,608
Off Topic
Opinion:No Opinion
Price:181.45
Opium
Fri 13:25
Pension liability reduces as SP rises. What an odd comment. The deficit is entirely based on value of investments v. Liabilities projected forward. How would this work if the company was not quoted. You are usually so savvy Opium but this time not so Monsieur.




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