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are the shares worth buying for the special, any advice
Rosewall
Good morning, pretty much on the nose with TSCO. I too thought the results were prices in. MRW had great xmas figures and fell on the news but have now regained some value and some. Now we have the run up to February 11th. As some have already commented, despite the bank lots of positives.
The online shopping is also limiting you to 95 items per shop. We often have to take items off our weekly order to fit to the limit. I do think they have opened online up to a lot more new customers and hopefully they will continue to buy their larger, heavier items online in the future.
The special dividend is already built into the price if you don't understand that then you need to read about efficient market hypothesis. When it is paid the price will drop by the amount of the dividend as the market capitalisation of the company will reduce. However Tesco are looking to fudge the numbers/graphs by conducting a share consolidation so the shareprice appears to be the same but there are less shares in circulation.
Is anyone listening to the presentation which started at 9 am ? I can`t wait for the questions and answers section.
Disappointing Tesco Bank figures but expected. Well, a fall was expected, I didn't have a figure in mind.
Sales, well, they certainly reflect what we see day in and day out. Even now it is a case that online shopping is full to bursting. People are scared to go into stores. The upside of the priority slots are that there is a whole raft of new (and I would say grateful) customers out there. The downside is that the orders are often much smaller in value - the little old lady does not buy as much as a family of five.
Interesting ROI figures though. Not sure of the demographics and competition to know what has happened out there.
Special dividend will result in an initial fall in the share price, how much we don't know. This is strange because the sale proceeds from the two Asia businesses (one profitable, one loss making) will both reduce and increase the NAV. The NAV will not reduce by the total sale of the businesses, just the book value leaving a chunk of profit on the sale. The pension fund liability will be greatly reduced thereby bolstering the Balance Sheet and the remaining cash will be used for Working Capital.
As for consolidation, before the accounting debacle, from memory, the share price was around £5 per share. The company and institutions were happy with that and, again from memory, the company were making noises that they wanted to see it back up around that level. That is where I get my 5:3 ratio from. Pure guess work.
Pablo Horse...
There is a huge manipulation of the price atm.City boys need to get in cheaply.Do not despair,collect your 51p sd first before you do anything else.Stach
Profit taking after result day? I'm still confident that the SP will move upwards after the initial sell off. GLA
Why would the special dividend push it to 250?
It's known, it's factored in the sp already.
Yeah that will lift the shares ........oooooh like a dismal firework display gone out with a whimper .
Still the Special Dividend to look forward to that will er push it up to 250 one would hope,
Now will Tesco get rid of the god damn bank which is the white elephant in the room.
Still at least like a bank your moneys relatively safe with a half decent dividend just don’t expect fireworks with this share
Make a profit and share price goes down or be like ABF Primark and announce a profits hit today and there share price will probably go up
Looks like the results were priced in. Disappointing. Thought we were headed to £2.60
Looks like the results were priced in. Disappointing. Thought we were headed to £2.60
Suggest you go google share price after a dividend.
The group said UK like-for-like sales growth was 6.7% in its
third quarter to Nov. 28, accelerating to 8.1% in the six weeks
to Jan. 9.
mac, my guess we will get 50p special divi but our shareholdings will reduce by 20% at the same time. The point is to keep the sp static reflecting the smaller company and of course helping management bonuses etc imv.
I am confused by the share consolidation and the idea that the Special Dividend will result in a fall in the share price as it is a dividend. does it mean we will receive a nice cash bonus but the value of our holding will fall? What is the point?
Just went through it. Short and sweet , as they say. As expected TSCO bank loosing money but all else is well and full year forecast remains unchanged.
SP should now proceed to 265p
Hello £2.60
Gosh I might be the one in the wrong, but what's with all the debate over what the share price will be after the consolidation? And saying they're going to put it at 5? They'll put back roughly where it was before. Well that's my take on it. Why do they bother I wonder, I don't care if I keep the same no of shares, no consolidation and a price of 1.90 or whatever transpires... Best of luck for the trading statement
Nigella,
My view is that Tesco want the share back up In the £5 area. I have always though 5 to 3
HI Rosewall, we do indeed live in unprecidented times (possibly). Every chance that many ftse100 (in particular) companies who shelved their dividends in 2020 will be under pressure from the big boys to get some much needed income back into the funds coffers, especially any that are deemed to have prospered under C19, albeit unwillingly when general situation is taken into wider view. I do have some concern that we havent yet heard of annuity pension defaults due to lack of funds ...... maybe this is the next headache around the corner ??
Thursday 14 January
Tesco PLC Trading Statement
Only another 20 mins left to close . Lets hope for fanyastic results tomorrow. Good luck to everyone.
Percyance: Re: Vodafone: Yes it was in year 2014 and investors received a payment for Verizone and there was a consolidation.
Have I understood correctly that on 25th January we will receive a circular with info on the share consolidation including what ratio will be applied . ??
back in 2015 Direct line paid a 27p special after selling some asset and the ratio was 11 for every 12 shares held. at the time DLG were £3.38ish . sadly I cannot remember how the SP was affeted on ex date.
For tesco to generate 51p . on a £2.45 ish share the ratio will be more severe.
Any thoughts ....and what is general opinion on consolidations ??