You dont want opium on your mind. People will talk. But joking aside, find below a bbw i put on mrw this mng, from a fund managers conf i was at yesterday. I think well see the supermarket sector recover and return to growth and think we may have seen the bottom now. But yes Tesco do need that opportunity to rebuild there balance sheet too and if they do, the whole sector will do well.
i went to a local equity fund managers conference yesterday and there was some very good small fund managers presenting and talking about the year ahead and one of the takeaways they were saying they like the supermarket sector recovery and there current share price. Especially the big 4 supermarkets. One of their main reasons for bullishness was the better disposable incomes for lower/middle income families, due to the lower petrol prices, as they felt although pension funds and wealthier clients wont benefit from lower oil as there assets go down in value. With oil prices lower there was slight wealth transfer to lower / middle income people and this would be used in people spending on there weekly shop and not having to watch the pennies so much as has been for quite a few years. Additionally they felt with the population growth and also possibly less people going abroad this year for safety fears and ziko disease reasons, this will also additionally help uk supermarket sales. They also felt the managements at all supermarkets are trying to the right thing in not expanding aggresively and concentrating on there core stores and balance sheets to get margins up
Afternoon Hotts. I'm 'coal face' management looking after a large team of Engineers. Not near retiring yet, unless I win the lottery ;-)
I suppose my 'cold and calculating' response is mostly due to some of the idiotic posts put on here, mostly by the Opium 'fans'. It's quite frustrating listening to the doom and gloom of some posters, who seem more intent on having a dig at Opium and Tesco in general, rather than the investors/traders who would like thoughts, news, opinions, your excellent TA and the likes.
Listening to people who openly want Tesco to fail, whilst my hard earned cash is currently sitting at a loss, frustrates me most.
Rant over, dummy thrown out of prom, back on the happy pills.
A question to you as i'm curious ( nothing more ) after reading your post below as to whether , firstly , you are still in work or have retired now ?? ----- And , secondly, are you or were you shop floor , middle management or senior management ??? ---- I'm just trying to gauge the "mood" ( if that's the correct term ) of your response to Fruitster's post !!----
7 years ago at the age of 57 I found myself in a position after forty years an engineer (shop floor if you like ) of being pushed out under so called "changes to terms and conditions ". Really not a very pleasant experience --- Yes it has to happen ( as you say) in many companies given the current climate out there ---- But i was curious as to where your sympathies (if any ) may lie ?? -- As i said, no disrespect intended to you at all !!--
Why do people spout such nonsense ? Look around you and see what is happening to the NHS Junior Doctors, Oil and Steel workers and associated reliant companies going to the wall.
Tesco is going through a consolidation of assets and looking at every level of the organisation. This is what happens when a company hits hard times. It's difficult to stomach for the work force and indeed, some will move on, but the reality is that all companies do it.
They will all go to SBRY and MRW ? I think you'll find they won't have the vacancies available for all these thousands of upset workers, who are not being made redundant, but having some of their T&C's changed.
The big 4 will all be looking at their current strategy and try to position themselves for a brighter future. Some may succeed and some may fail. Sainsbury's recent Home Retail deal is an example. They will look at synergies and possibly closing stores, which may impact staff or an enforced relocation. All are slashing prices.
The retail sector has come under enormous pressure with some companies dealing with it better than others.
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