From paying less than the Big4 when they started in the UK, the previous CEO said recently Lidl would Pay MORE than everybody else - but the Big4 declined to match his offer -they could argue their total wage package was equal to this offer, but have said nothing & hung Lidl out to dry ,committed to a hefty rise in the wages bill.
I think that most of the posters that are posting remarks about the managers and team leaders need to understand that they are people with families and bills to pay. Also the comments suggest they don't understand these leadership roles. Like all organisations you have to streamline in face of eroding margins however there are thousand of great people left to move the company forward. So to clarify it's both team leaders and managers losing there jobs.
With the pension deficit expected to expand by a couple of £Bn I expect that Tesco will be adding more to the payments at the next review which will stop any resumption of dividends however much I would like them to restart.
They did some fiddling with the accounts (legally) to reduce the deficit last time but hopefully this new amount has been factored in, well it has by me but sometimes its a shock for the media. I suppose the good news is that at some point the low rates will have to revert and that deficit will close just as fast especially if they have upped payment in. Will we get it back later if its a surplus?
Pension deficits are in sharp focus atm and I can understand why most people would say companies shouldn't be paying divis when the pension is so short. Look at CLLN, high yielder with very large pension deficit. I suppose its finding a balance between trading and paying in something and rewarding investors and I suspect the trend is going against "greedy investors" and more support for "poor pensioners" although if your an ex BHS worker its too little too late. Pension scandals are not new just think Maxwell in the 80's
Your PF looks health,good show. Like you say it could be a wise to wait till after the film which I did not know about :) After film maybe a good opportunity,will see. LLoy has been one of my main mistakes, after years got out in high 70`s happy at that. I do trade barc`s a bit as you know but not a fan of banks. Cutting divi by half while maintaining full bonuses just grates a little. Tesco have a huge struggle on their hands imo. Like lloy they will come good but time is needed. Some Tesco stores I have visited do look better and perhaps the corner has been turned. Agree a small divi as a gesture would help SP. TC.
Well, it really hard to fathom why this stock has risen. My short triggered at 165 and it will stop out (if this dog reaches there!) at 185. A few hundred quid loss is not of any importance given how much I made shorting this. As some on this board may know, I have no interest in investing. It is a fact that the only people who really make money on this casino speculators and the managers, the former who are crooks by default, the latter who are mediocre crooks by nature. Join, or learn, from one or the other to stay in the black. The rest is fantasy and BS. Stocks are not investments. They are poker chips.
Bertie, I would wait for the new 'Deepwater horizon' film to come out before buying BP. Tesco, 1 of about 20 stocks in my PF, has been the best performing supermarket of the Big4, in terms of market share, for the last 3 months & good value, IMO. I don't obsess about SP, so long as I think management are doing a good job. Obviously paying even a tiny divi could be transformational to the SP.
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