Sorry, I forgot you can see into the future. Here is MY prediction if things get better for Tesco SP - we won't see you for dust. Back to making spurious claims about millions of shares you 'own' on other BB.
Opium, you ask so what. Sell first thing on Monday morning to get your 20p profit. It may not go much better than that for quite some time. Unless ,of course, you are willing to wait for those 300 years you mention. GL!
As Pop is fond of saying, if the past is an accurate prediction of the future, Wall Street would be run by librarians. Even a broken clock is right twice a day, so Doom merchants can always get lucky. St. Augustine prayed to be made good - but not yet, exactly the US & UK positions on the lowest interest rates in 300 years. Nowhere else to go but the Stock market, to get an inflation beating return.
'It is understood a final decision has yet to be taken on disposals and company sources suggested that Tesco’s statement will represent an update on Mr Lewis’s thinking, rather than a blueprint for the company’s future. Clive Black, analyst at Shore Capital, said the prospect of a rights issue, which had previously been ruled out by Tesco, was “now closer to 50-50” after a profit warning in December, the company’s fourth of the year.'
If it's only 'an update on Dave's thinking', poor SP and rampers! If rights issues is hinted - expect Sp at all time lows.
You may well be right that the overall impact may be positive ,rather than negative. Not so much 'good' news ,more like no more bad news ( except the sales slump,which is to be expected in any event). It would be, e.g bas news if Dave still hasn't got a plan, so by coming up a decisive action, the market will perceive it positively. However, I believe that taking all factors into account, there should be a decline in SP.
Small rehearsal on 7th, sbry results. We'll see the market's reaction. Likely to bring prices across the sector down. Even more so,on 8th. Conversely, if sufficient drop on 7th, then market may even go up on the 8th,as all negativity would be by then priced in the share price.
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