My guess is 50p UP if news is not as bad as expected or 30p DOWN if it is, as this is mostly in the price already. Seif' prefers will it be VERY Bad or terrible, but then the only time he turns up on this BB is as , 'A Shorting Swine'.
Do not quite get what you are saying. If there are interested parties surely that means there could be a bid. If the news in the new year is bad and the sp drops to say 140 they will be very vulnerable in my opinion.
In answer to an earlier point the share price only rises if the market is aware of a takeover approach. That is why sometimes when an offer is made the price leaps. As you are interested in shares I thought you would have known this as it is pretty basic stuff. I think the sp may well fluctuate a lot up and down in the near future. good for brave traders.
Any fool can see that Tesco SP waits on Jan 8th. It is a 'heads or tails' bet for the brave until then - which means Seif won't do anything except reminisce about what the previous BOD did, for the umpteenth time,(yawn)...
If what you are asserting carried conviction among traders and shareholders, Tesco would not be priced at 180 pence, but double that. I have been in positions where I was horrendously down and set out to convince (fool) myself that things were in order, that fundamentals were on my side. But the bottom line is this - ultimately, you are trading on the competence, resilience and foresight of the management team. The previous lot were looking in the rear view mirror to the good old days. The present lot feel constrained by a rapidly changing retail landscape, and most importantly, fickle consumers who shop around and around. This should be your starting point, not the infrastructure laid down when it was assumed Tesco would go from strength to strength, and it could take its customers for granted. Those days have gone. Today's world is not owned by Tesco. The consumer is king. And they act like it!
While Tesco has it's legacy problems (Debt to service, reputational damage, increasing competition, a compression of its margins etc) I don't see this company folding. The bearish trend is still in play, Buffet will exit his holding fully at some point (he won't want to pass this on to his successors). So, if it does dip to the 150ish, then I do think a long is justified (I tend only to hold a few months max). Until then, I am looking at shorting strategies. Good luck with your own trading.
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.