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I simply hold £2000 worth of shares (minus dealing n stamp duty) and i am waiting to see what my shares are worth post divi and consolidation.
I'm in for the long haul anyway. Fingres crossed all...
Explnatory Note: Its not the current Mrs prussell1963 who's getting refurbished, its the house!! Just to clarify!!
Well, all the chat, speculation and uncertainty will be finalised starting Monday (note I say starting Monday!). I do not expect to return to my laptop and see TSCO trading at near 300p by 0830 Monday. I expect SP to be close to where it is today. However, I am more than a little concerned that even with a "stonking" SD declared and seemingly ratified, the SP has been mostly static. If any other share had declared a 20% SD then I assume there would have been a pile in from many looking to take advantage. Why hasn't this happened?? Simply because in reality the share consolidation will have a major detraction on the value of the SD. Yes you get the SD, but you give up approx 25% of your holding. I am not bright or experienced enough to give a verdict on the "new" share price as part of the capitalisation of the business as I have read so many posts I think I am confused, but there are many good points eitherway. The business will be £5Bn lighter after the payout, so will we still hold the same % of the companies value with lesser shares, I am not so sure, what I am sure is that going forward the market will determine and dictate share price from Monday, I am not holding my breath as I am sure in early days there will be a settling down as people decide to sell, hold or buy.... all will affect share price, so I will return mid/late next week and see whats occurred. In the meantime, I will go with the laudits Mrs prussell1963 has given that her genius husband has "won" £1300 towards her refurbishment program ..... I wont bother her with the details of the consol reduction / standstill etc, not until I need to!!
Looking even further ahead, whats the thoughts on future dividend?? 6.5p final last year I think, so is anyone forcasting thye next divi which is 2020 Final and I think payable July????
3.11 on Monday psml but I hope your right!!
AX
£5 Billion lost capital.
Future increases in valuation from Monday will be determined by the market.
Longtime investor,
yes I hope it stays stable (or in my case as potential buyer drops a little) and then starts to rise from then on ..
Axe-Capital,
Because they're paying out 50.93p Special Dividend on about 9.793 billion shares - that's about £5 billion cash being paid out from the company. Does that answer the question?
Mike.
lol - yeah there going to devalue Tesco by £5billion on MONDAY ARE THEY. Explain why? Tell me how they are going to knopck off £5billion in market Cap over the weekend? Pray Tell us all?
To me the entire point of this exercise is all about the BoD (just call me a cynic) trying to maintain the share price at current levels as the SP will be one of the metrics that affects their Long Term Incentive Plans and any Share Options, and so the consolidation is required to do this (as the MCap otherwise reduces by the value of the SD).
mags
''I've heard estimates from 190 to 315 ''
Crazy.
Without major trading, the share price on Monday will be roughly what is is now
Q
''as tomorrow I'm thinking of selling my shares at a profit before they reduce in number.''
My HSBCinvestdirect service is suspending trade in tesco in an hours time
hmm by some weird coincidence ,my shareholdnig divides exactly by 19 ..1 suppose that's a 1in 19 chance so not so miraculous !!
Based on todays Market cap with £9.8Billion Shares in issue / exchanged for £7.7Billion Shares in issue the Share price should equate to £3.11p on Monday. Unless Market takes the value of the TESCO PLC downwards for some reason that would be deemed to be Market manipulation as todays value is todays value according to Market Prices based on shares in issue! There maybe a sell off but it should go back to be share trading in range of £2.90p to £3.10p as previous to the ************** announcement.
Quizzer Thats a short term view. If you think its 50/50, how do you feel about missing out on what should be an increased divi in May due to massive online sales??
I don't think anyone can tell you for sure, it might become clearer on opening on monday when you might have an idea of what your shares are worth, I've heard estimates from 190 to 315 !! .. I sold at 247 and quite happy my money is safe, I bought in at 211 .. will be watching with interest monday morning ..
Thanks
What is the point of taking the SD,but at the same time watching your shareholding reduce.Im missing something here.If you just wanted some cash why not just sell your shares at what is now not a bad price.can anyone enlighten me please as tomorrow I'm thinking of selling my shares at a profit before they reduce in number.
So I guess everything remains the same except my 2000 shares consolidates to 1579. I receive 2000 X 0.51p SD = £1020
-421 shares x 2.43 = £1022.
Thanks for all the information leading up to this 19/15 shares consolidation, I was a little miffed by it all.
Chelwood, its 12,732. JJ
Chelwood, she will have 12,732. JJ
Thanks everyone for the maths. Now where is that pen and paper. Just double check !
All approved
sure is
divide by 19 then multiply by 15.
The fraction under one on the result will be lost.
Robbyw Thanks alot. Now where is that pen and paper.
if you divide your holding by 19, you will just have a fractional amount ie the remainer amount will be less than 1 share .
so say you have 78 shares
divide by 19
the remainder is always less than 1 share - that's all you lose/donate to charity.
hope that helps