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Top up at resistance levels of 177p.
I think there is a good chance it will drift lower to above 200p but in a FTSE market downswing yeah 177p is definitely possible.....would defo be a buy then even though the debt on their balance sheet makes me want to retch
"Returning the Asian business sale by way of the SD to investors was indicative of that. That said, the fundamentals and numbers look good. "
Nothing was returned they reduced your shareholding at the same time....have we not already had this discussion ?
THE SD was not an SD it was a return of capital wrongly labeled. Never ceases to amaze me how people and companies use totally incorrect language to describe something because it suits them to hoodwink those who lack critical thinking.
Watching The Big Short again recently sub prime was described as dog poop by those who called the scam out. Here we have help to buy and shared ownership(with 100 percent of maintenance obligations) this is also sub prime aka dog poop but they scam the gullible who don;t understand housing is the economy and all methods will be used to prop up the ponzi scheme. Back to Tesco it WAS NOT an SD regardless of what it said..by reducing share holding it cancelled out the benefit.
I am now looking at a SP with a reduced float that is back where it's been before in the doldrums....and the company has a stonking debt load that the ASia Sale should have been used to expunge....strewth they didn't even clear the pension deficit in its entirety.....as i have said before you have a suspect BoD here ....seems to be TSCO is being run for their benefit and their city chums not the shareholders.......and here we are can barely hold above 220 with a reduced free float !
I think the results are a little overlooked by comparing to pre-pandemic, this has a strong balance sheet, if it wasn't for business rate reinbursement and the wages court case this would be a top 10 share. When everything else got battered last year this stock barely moved down, so this is a good defensive stock if history repeats...Also at 27% market share in a staple inflation linked sector I think £2.20-30p is cheap; think about how much people are paying for Tesla, Zoom, etc; groceries and convenience may be boring, but sales are predictable. Long term I see bookers being a driver, the business just needs a catalyst to bring a bit more excitement.
Sitting tight is what investors have been doing .. this just might eventually claw it's way back to 230 ish, around the price many of us will have bought in at .. the covid supermarket boom might just be over, I'm not seeing where a decent rise is going to come from ..
It’s probably not sellers it’s market makers creating a bit of volatility to make money out of private investors. Just sit tight, Tesco is still bringing in billions in cash and that will eventually find its way into shareholders hands in due course either through dividends or a gradual rise in share price, patience required! This is never going to be an exciting share to own in your portfolio and of that you can be sure!
The results are positive from what I'm reading... I mean who are these people selling... Should be pushing the 240p really as its not moving like its peers.
Think it will start pulling back next week after it's all been digested
I bought this a few months back and even with decent results i'm just bouncing between Red/Blue in my portfolio and now back to RED again :(
Lets hope it picks up in the next few months :)
Always looking ahead with anticipation to the next results with tesco and always seems to disappoint .. good news doesn't send it higher but mediocre news sees it plummet ..
This share is never going to be exiting just a cash cow for steady income at these levels.
What a dog of a share.. In 4 months Its hardly moved from my average of 224p.. On recent ftse rises surely 5% wouldnt be a lot to ask.
For a pension pot and longterm great but otherwise think there's better opportunities elsewhere... What you think?
Solid results and cash rolling in as per usual, better than keeping money in the bank at the moment
barchid
I'm currently at my average at 227 but of course I have my dividend to come. From a growth point of view they have probably reached their potential in relation to store sales. Returning the Asian business sale by way of the SD to investors was indicative of that. That said, the fundamentals and numbers look good.
Good luck with your additional investment and have a great weekend
leas
leas
I am in London and their stores here are busy.
My guess is many investors acould be awaiting on the first set of clean numbers, after the sales/special divi/share reduction so they can see what the yield is settling at and a "clean" p/e ratio.
I suspect that by waiting they are missing out on a cheap stock, I bought a few more at a tad under 227 this morning.
barchid,
look ok to me too. Especially Booker and online growth. Not losing marker share. Maybe get a few private investors moving on this morning but I am happy to stick with my investment with any added yield underpinning my original capital.
Maybe I get a different perspective of stores living in the NW of England but the main stores and Express stores are busy.
Don't look bad to me, bank is down, (no surprise should be sold), ROI down, no surprise there given the non working protocol.
Bookers showing just what could happen when hospitality finally gets going properly. Fear of inflation probably good for Tesco
All imo