I would like to hear all your thoughts about the impact of interest rate hike on Supermarkets. Do you think rate hike would help TSCO and its peers? FED hiking the rates in Dec seem to be a 70% possibility so wondering what would be the effect on TSCO?
After spending £22m on it, the company announced the site in Chatteris, Cambridgeshire, will be mothballed - one of 49 planned stores across the UK to be cancelled, with a further 43 existing outlets due to be shut down.
Internationally defunct, big losses in Ireland, shrinking in Britain, no divi on horizon, Makes me wonder how Tesco is remaining above £1.
- in a Heads you win, Tails we lose again deal, Potts will buyback the estate from Mike Greene for another 20 million if he can't make a go of it - on top of the 30 million loss all ready booked for the sale this quarter - And you think Tesco has problems, LOL.
Er.. 1 Extra Store actually, which we still own & may yet open on a 16 hour basis - were you thinking of the 140 M stores Potts filled with stock & staff & sold off for a song, but with financial guarantees to the new owner?
Michelle McGagh on Nov 25, 2015 at 05:00 Tesco: every little hurts There are few reasons to increase positivity on Tesco (TSCO) right now, according to Shore Capital analyst Clive Black.
Black reiterated his ‘hold’ recommendation but did not put a target price on the shares, which fell 0.5% to 164.4p yesterday.
‘Tesco stock has been a poor performer in recent times, the group’s share price reflecting an amalgam of poor sector sentiment embracing deflation, on-going gross margin investment and little evidence from market share data and the like that Tesco UK is experiencing improving underlying trade, so providing the basis to approach the future with more confidence,’ he said.
He added that his own store visits ‘reveal a business in the group’s core market that is more regimented and disciplined for sure but far from being on the front-foot, innovative, theatrical and exciting’.
‘While the Tesco stock is towards the bottom of its trading range in our view, with the share losses in Ireland continuing and the combined uncertainties, work still to do on its solvency ratios and no prospect of a dividend around the corner, we reiterate our “hold” stance.’
By Tara Cunningham, Business Reporter 6:57PM GMT 24 Nov 2015
amid speculation of a rights issue on Monday, shares in supermarket giant Tesco slumped to its lowest level in 12 years - down 0.7p to 164.4p. The stock was also hurt after grocery chain SuperValu, owned by the Musgrave group, knocked Tesco off its position as market leader in Ireland. Tesco holds a 24.1pc of the market, while SuperValu claimed the top spot with a 24.6pc share.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.