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MS01
It doesn't matter whether the shares are consolidated before or after the special dividend is issued. It will be before consolidation but it is a moot point. It isn't 51p per share, it is £5 billion divided by the number of shares.
Ms01
There are many scenarios that may play out. You could always top up with the XD cash if you think any correction is overdone. You could always play it safe and sell on any rise that may or may not come as we approach XD.
It all depends on your personal circumstance.
The shares for me are a hold and looking a bit further down the road.
Also any share consolidation should be adjusted accordingly for the dividend going forward but that’s just my opinion. Pretty safe share in these uncertain times that will yield much more than any retail bank.
Mmm...... I was hoping it would hit a close of around the 246 p mark today and then keep rising for the rest of the week in time for the trading up date. I suppose there is still hope ?
Thanks for the advise I’ve already sorted the tax issue both from a capital gains and a dividend issue by transferring to my wife. I’m just genuinely unsure that the potential special dividend means I know it’s approx 50p but will that entire amount be diluted with share consolidation
Fred, my butcher also does liver. ;)
Sorry, couldn’t resist.
"Npo meat whatsoever in the store following a plague of panic buying ;locusts."
I thought locusts were vegetarian?
Support your local butcher, probably more expensive but It actually tastes like meat!! mine will also deliver.
Rosewall
Really. Crazy times. Well looks like my family has got their wish and I will become a vegetarian by default.
Time to worry is when the Gin supplies wane. :)
Ms01ma
No one knows how the share price will react. All the people who have responded are either colleagues and are comfortable with the business. The people at the sharp end of the business know what is happening, you can see it with your own eyes. Other people who have responded are long term holders, again, people who are very comfortable with the business.
The current share price (243p) means there is a profit of 93p between now and the purchase price. The profit that you take is taxable so don't know if your shares are in an ISA or still with Equininity. Be careful over tax, you do have time to organise your holding.
xxx, great minds eh, so what do you anticipate it will fall to? GL.
leas
Chatting to a store manager yesterday who said that their store is practically empty. Npo meat whatsoever in the store following a plague of panic buying ;locusts.
I agree take the money and watch Tesco’s climb back up to over £2-£3
Hi Ms01ma, I am in the same boat 14,140 at £1.50, this is worth holding onto, take the dividend and wait until it climbs back up again unless the need the money sooner, good luck.
I will take the divd and still hold long, everything else is closed so people are extra spending what would normally have been used for meals out etc also the added benefit of electricals and clothing should all add up to far better sales figures
I’m after a bit of advise on the SD. I’m fortunate to have a lot of shares that I got on a colleague scheme at 1.50. 2.42 is a tempting sell price but I’m unsure that the SD and the consolidation might mean can anyone help thanks
The Special Dividend may be a distraction now as news keeps reporting surges in demand (see latest newsfeed) Schools closed together with hospitality is challenging stores to keep up.
Locally my Asda store has sold out of chicken and some fresh produce,. However, my local Tesco store are not reporting any stock supply issues.
I do not think you can predict exactly what will happen after the 11th Feb. Today the sp is circa 240p but may be 270+ on the run up to the GM.
I guess many pi’s will sell if they want to bank any profit but it may attract additional institutional investor post XD because there will be no tax issues. I have little experience in this scenario but I guess the BoDs have done their due diligence and will deliver shareholder value.
Can someone help please, the Spec D is confusing the life out of me.
So, the closing date for buying the shares to get the 51p per share is 11th Feb to be paid on the 26th Feb.
Generally expected to pass I'm guessing at the meeting on the 11th. BUT, will that mean the price will fall 51p
as a normal dividend? if the vote is passed, the price won't go up any higher as the date has passed????
thanks.
And we should also start to take into consideration DIVIDEND payments which will include the Special? Any ideas anyone on how this will effect the SP?
jaffjoon
Only negative will be the wider markets, MRW reported yesterday but the sp dropped a little. those results imo were excellent, No reason why TSCO cannot match or beat them. Their online and home delivery is so much better too. MRW is up today so maybe the results are now being digested.
The tighter restrictions in the UK should help keep the momentum going in sales, TSCO really is the best of it's competitors in the one stop shop in respect of groceries, clothing, electrical items and homeware.
Difficult call to predict the sp £2.46 does seem reasonable to me but the markets are so irrational atm.
I see we are due for a trading up date next week. This should boost the SP up to around the 246p mark since I cannot see any negatives.
"Where we live Sainsburys are very behind in click & collect".
Behind in click &collect!! I went to my Sainsbury store this a.m. at 07.00hrs. and at 07.25hrs they had one person on check out. Fortunately I was at the front of a queue of 6. I asked the floor manager if they could put someone else on the tills and he said no they couldn't provide anyone until the next shift started at 08.00hrs. There were approx 10 unmanned check outs. Unbelievable!! I would say they are behind in basic store management never mind click and collect.
Rosewall
A good point you raise there, click & collect is what we use for a lot of items and it is very convenient as slots are very much more available, & cheaper generally than deliveries. It is also, surely, much more convenient for the stores too ?
Where we live Sainsburys are very behind in click & collect, Tesco & Asda seem very busy with theirs, which with tighter social distancing in stores should make C&C more popular, just my observations.
Online ordering is mainly home delivery. However, what is less known is the Click and Collect operation. Before the pandemic, and a good bit into it, people were given a two hour slot in which to collect their order. Now, many stores operate a one hour slot which effectively doubles the throughput of collections. In many stores, there is no reason not to add another Click and Collect pod thereby doubling the throughput further.
Good spot leas. Every little bit helps....
Agreed Robbyw. Wouldn’t be surprised to see us at 2:40-2:42 today. The news flow on Tesco is frequent and positive and will only continue to improve. Amazed it lost 0.1% market share. Surely online sales will see Tesco mkt share go up from here.