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https://www.tescoplc.com/investors/shareholder-centre/dividends/
basically dropped from 197p to 188p
down about 9p from yesterdays high. A bit overdone I feel.
A lot of investors jumping ship today not wanting the nearly 51p return of capital via a special payment.
Tesco available to buy currently at 188p XD
I feel buying today if your guaranteed the dividend will work out a better deal. Not long to wait to find out GLA
Apologies just seen ex divi date 15th so mon it is then .
Apologies just seen ex divi date 15th so Tues it is then .
if there is a big drop wont it be Monday morning?
So will the big share dump be Monday afternoon before 4pm or Tuesday at 8am next week .
Will be waiting for the drop when it comes to scoop up these post 20pc plus drop next week post consolidated divi payout . Seems a strange way to do things tbh but heyho
any one know if you get dividend if you buy today?
and of course plugging the pension gap
profitability
this is equivalent to about 188p with the dividend taken off.
I think this is a reasonable purchase level considering that profitable for Tesco is such that it is likely to be as high as when it had the sold assets. Also made a loss making Polish asset sale.
Today 12 Feb : Last chance saloon
Concise summary - If you dont sell today and the SP remains approx the same next week, ypu will have "gained" via no drop in the SP. If the consolidation on Monday results in a subsequent rise in SP you will have gained. If the lead up to the May final divi qualification date shows a higher SP, as is likely, on the strength of final results, you will have gained (and also the choice of whether to sell out- ot not). If one or more of these do not occur, you are likely to be no worse off.
Three possible/likely short term gains. Thats good enough for me.
I remember National Grid having a consolidation a few years back, but it was incorporated into a final dividend and so did not have the double positive effect that the separate Tesco
special divi, separate Tesco consolidation and separate final divi has. That holding never wenr into positive territory afterwards, though the divis kept coming at nearly 5%. But then NG is a utility - enough said.
at about 239p
I got a letter from HSBC saying that they were suspending trading on Tesco at 16.00 YESTERDAY.
Obviously had the wrong date on letter.
Share price Monday on the open will be what ever price it finishes at give or take a penny or two!
Have bottled it ,sold out ,sacrificed the divi and took the profit.This is good news for people who are taking the divi as I'm sure now I've sold the shares will rise sharply monday.If by any chance they drop next week I'll re invest.
It's getting tantalisingly close to what my buy target but I'm wary of it falling further come monday . there are a few buying in today .. think it's a bit of a lottery ..
Silver Baron
You have already discounted Special Dividend in your example below. Financial result will be publish on 14 Apr 21, and I presume, final div will be declared at that time. Perhaps shareholders may be rewarded with higher div at that time.
Summarising - The first to look for is whether the consolidation will work out as planned - Will the SP drop, as is usual, with post divi SPs? The second is will the SP rise towards May final divi qualification date due to the "strengthened" Tesco? If you believe "Yes" to both then you should be holding or buying (especially at todays 2.40 SP). If you are happy with a large holding showing a good profit at todays pre consolidation SP then sell today.
Bear in mind there are still many FT100/250 companies still paying NO divis at the moment, and with no hints that they will in the near future. And those companies do not show the same optimism that Tesco does with its likely final year results due at end of February with almost certainly good profits from hugely increased online sales.
Its a comparative exercise, and Tesco is one of the markedly better bets at the moment in the middle of the Covid crisis.
Mags, I am starting to think that the share consolidation should have been step 1, and that the bod should have saved the SD for later. If investors don't see a clear benefit from the SD and they even make a loss, our bod will have failed because they could have made good use of ยฃ5bn in other ways. Provided we don't see a stock market crash today then I remain hopeful that the two actions will at least produce a real gain for investors. JJ
Jimjam.
yes, this is coinciding with a dip in the markets, Dow maybe on the way down slightly and bad news regarding the economy might see Tesc slip lower .. interesting week coming up ...
Happy enough for this to drop more on Monday means if you have reinvested the sd you wil get more shares.
I would have expected the SP to hold. For some PIs the resolutions might be a lot of info to take in. They are for me. To clarify on Monday it is the consolidated shares being admitted to the markets, not a rather large fund raising opportunity.
Monday, it will become clear and so I'm happy to wait to see whether my recent buy has worked out to my benefit. In hindsight it may prove that I should have bought in March '21. Good luck to all holders. JJ