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tough one to work out. cant see why this hasnt risen more since the rumour of the div. Assume this will pick up post the trading update early Jan. SP tends to move in a small range so i'm watching as have cash in other more volatile shares for the SP gain that will then come across here sometime early jan to lock in the inevitable rise pre Div close on the 11th Feb
Thanks Accountant, good read. The article pretty much sums up my rationale into buying here last month. Not forgetting that it was Tesco that initiated the return of the business rate relief cash to the Government. Not so sure about TSCO being seen as a T/O opportunity but the online delivery infrastructure must look attractive to the likes of Amazon.
I also agree with the comments in relation to Aldi and Lidl, they have lost some market share due to the size of the stores, lots of shoppers finding social distancing difficult in much smaller stores.
Fingers crossed that TSCO can hold on to some of these when a degree of normality returns.
Sold some shares elsewhere to top up my TSCO holding.
I personally think TSCO has legs and SP is still on the low side.
But, just my thoughts and not suggesting buying.
DYOR and GLA.
Yes it is over bought but the likes of TESCO being marked down on a big buying day is crazy. Supermarkets are having a bonanza timethanks to Covid and our lovely Government?Special Divi and share consolidation plus a possible increase in Annual Divi make this look like a great hold.
Like you I am not keen on buy backs. It seems a waste of cash and short sighted. Surely any business can get a better return on spare funds than a market sensitive buy back. Look at the likes of LLOY. MVI and OCI did improve a little with buy backs. In general, why spend money on something you can't control. That said, I am probably wrong and they will announce a buy back scheme tomorrow :-)
Rosewall
Thanks for that, appreciated. I am no fan of MF but it just appeared in my inbox a week ago hence my mentioning it.
I've never been keen on buybacks and I am very pleased to be put right on that fact.
Hi Barchid
Motley Fool has so many contributors all with different perspectives which confuses me. One contributor will say Tesco is great, the other will say it is rubbish. Usually within a day or two each other. I am convinced that the contributions are to suit the writer's own financial perspective.
The glaring anomaly in the MF write up is the sentence "It hasn’t confirmed whether this will be a special dividend, or a share buyback. ". I know that this is the panto season so, in the style of Widow T****ey, "Oh Yes They Did". Tesco have said right from the start, without equivocation, without ambiguity, that it will be a special dividend. Not once, from the initial circular to now has there ever been a scintilla of a hint that a share buy back is being considered. I really have no idea where these people get there "inside information" from.
Thanks leas, I will get some today, have a good Christmas.
Boris, I think you will have to be on the register by the 11th Feb.
Rosewall
Not sure of a share buyback either. The dividend payment date has been announced subject to approval at the GM on 11th Feb. I think the terms 'on or around' is probably due to the uncertainties caused by the virus. so we can expect the payment date to be 26th Feb.
Hi, can anyone tell me when I need to buy shares by to qualify for the special dividend please?
Rosewall
Sorry, 1 piece I left out was that all should be made clear in the document due on Jan 25, according to their very recent rns.
Rosewall
As I understand it, am not saying I am totally correct as it is a labyrinthe this project, the actual dividend & specific payment date has yet to be annonced, but a good indication given ?
A lot of press/commentator coverage on this has mentioned a buyback & a dividend, a recent one is 12 Dec on motley fool which is easily googled.
Hope this helps
Not sure, but could be a rollover of debt at better rates. Great time to take on low interest fixed long term debt whilst rates are so low if you can get it, knowing that inflation will eventually erode its value.
Insider dealing - bring it on. Topping up +£2k as soon as it stops falling. Any bets where the bottom is?
Can someone more learned explain this £15bn Euro Note Programme.
Why are Tesco publishing a prospectus for Notes in one hand and giving shareholders £5bn in the other ?
https://www.lse.co.uk/rns/TSCO/publication-of-base-prospectus-duo8voaurcpph1f.html
After a final late evening trip to my local Tesco store, i meet a few old colleagues who were flat out after a very busy day.
Last week the store broke all previous store sales records and todays sales with 3 hours of trading left is way above the stores expected sales performance at this stage before xmas day.
We spoke about the task of the night team to pull the store back in time for the early morning trade, some job looking around the store.
Life is very difficult and uncertain at the moment and anyone investing is having to keep one eye open at all times, however anyone holding Tesco shares can pretty much sleep easily in my view, so with that good luck and I'll look forward to the trading update and forth coming dividend.
Hi Barchid, leas
Based on the published circular, unless I missed, there was no indication of a share buy back, just the special dividend and consolidation
What a miserable and challenging time all round.
But at least Tesco will be flat out selling the Christmas produce for the eat and drink part and hopefully the January update will offer us share holders belated merriment.
Bruce
I am not a politician either but I do know the difference berween zero tarrifs and even 3% or 5% increase in cost, I also know the difference between a hard currency & a soft one, so, I venture to suggest, does the TSCO management.
being German I am sure they will have it nailed. they are not politicians!!
Your Aldi Lidl point is something I totally agree with.
Food from UK, but hardware/household cleaning is nearly all German, so how competitive will that be next year ?
Online, they are in the kindergarten
barchid
Running costs of the pension fund should be lower to. Still a lot of uncertainty out there. I will also be keen to see how Aldi and Lidl after Brexit if there is a no deal. Although they source quite a bit of fresh produce from the UK, much of their products are produced outside.
Leas
Totally agree with you re TSCO, I can understand investors might be put off with the special divi/possible share buyback scenario, my memory of Vodafone paying a special divi after the Verizon sale made me less than I thought due to the tax the divi attracted and not all my Vod were in ISA/SIPP wrappers. That is not a mistake I intend to replicate in TSCO, but I have been a keen buyer (in wrappers!) recently as I see it to be a lowish risk good yielder with a strong upside potential.
No competitor can come near them for online capacity, imo, and they seem to be soundly managed now, moving in a clearl direction .