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GA
Likewise, a very merry Xmas to you your family and loved ones.
Managed to get all my money out of SVS and worked out very well for me as the takeover occurred when the shares were in Admin.
Could have been an expensive lesson but now fully aware of online dealing and the risk with nominee accounts.
Just got the tip of my toes in now with much less stress.
Good luck and stay safe
leas
Hi leas
Happy Xmas to you.
Not seen you since our oil days. Lucky we got out when we did eh! Did you sort your broker in administration situation, hope so.
Safe share here I hope.
Stockboy or GA
Just my opinion and probably wise to ignore but I believe the sp is being held back to enable funds to buy on the cheap before February 11th or certainly drip money in and accumulate. Investors here may have mixed opinions about the dividend, Brexit or market share of the sector but most if not all agree that Covid has been good for supermarkets.
If you look at the 12 month chart, TSCO was circa £2.50 at the start of the pandemic and now struggles to maintain £2.30.
A few weeks ago, supermarkets were reporting strong sales with TSCO being the second best performer with over 10%. The sp from memory dropped a little with it's rivals rising.
I too, like many will be looking forward to the January trading update and then make a decision whether to sell prior to the special dividend or possibly add. Probably an amount equal to the special dividend and preserving my cash.
Hindsight is a wonderful thing!!
For messing up so many Christmas' but at least tesco shareholders will benefit from increased in store sales? I am not saying Xmas should not have been cancelled but it should have been done earlier.
a lot of pensioners depend on dividends often more than interest
Chris
I wouldn't say that it is nonsense. It isn't simply a return of capital, it is a return of capital and profit on the sale of the Asia businesses. It also reduces the burden on the company of financing the pension fund deficit. This is good for future profits and dividend.
Levantic
My understanding of the circular is that £5 billion will be returned to shareholders. It doesn't matter whether you have two shares or one consolidated share, you will receive the same amount.
Think January and February will be fine with these new tier 4 restrictions pushing people to the supermarkets
I'm also unsure of the outcome of this .. I'm hoping for a good Q3 and Christmas statement on 14th January, it should show very good Christmas trading and healthy bank balence, if the price is above 250p then I'll consider selling .. remember we could be in the doldrums in January and February and the share price could slip back to nearly 200p, then the special dividend won't look so special .. only my opinion again ..
Will the share consolidation happen after the ex-special dividend so that it won't affect the number of shares you have that qualify.Also how will the consolidation affect the share price?
I'm bamboozled by all this nonsense of a special dividend.
From what I can make out it's simply a return of capital BUT instead of being able to use to calculate it as a capital loss , the shareholders will instead be liable to pay income tax on the distribution.
So where's the sense on that?
Anyone?
I expect a decrease in sales in January. The alcohol over purchased for Christmas , often with the 25% discount will not be returned to store. A lot of the turkeys booked for this week I expect to be cancelled. You may think , well if that happens, those not meeting up will just buy their own rather than visit. True to some extent, but many were stocking up on readiness for Christmas anyway before the five day pass was announced
Indeed, the amount spent on Alcohol alone will be massive, with all the bars and restaurants closed.
The payback of the business rate relief is now looking a very astute move by the board, to avoid future criticism when the Xmas trading update is published in January.
Hunker down here until covid has passed and we will reap the rewards. People will spend more over next few weeks at Tesco as people won’t be going out again
i think most of the big investors are still playing other shares for gains post brexit then will pile in here.
the question is will the price recover quickly post the payment. they will have a much better balance sheet clearing the pension hole
Thanks norrab1, would have thought the share price would be higher if paying a 51p special divi, but its still fairly low.
Circa 11 Feb.
Does anyone know the actual last date to buy Tesco shares to qualify for the special dividend.
3Q and Christmas trading statement on 14th January should show a hefty Bank balence and whopping Christmas trading ..
' when this goes ex-div in Jan/Feb.'
RNS states subject to approval at the GM on or around the 11th Feb. This will be when it goes Ex Dividend.
https://www.fool.co.uk/investing/2020/12/12/tesco-shares-good-dividend-news/
Sure most on this board are already aware. I don’t mind whether share consolidation or cash dividend. Ebitda from Asia is 13%, div about 22-25% depending on the share price when this goes ex-div in Jan/Feb. Lots of people investing in COVID play shares who they expect to recover. When retail investors realise this is one of the best COVID plays and retirees see the dividends on offer here, they’ll flock to Tesco’s. If restrictions worsen, people spend more at supermarkets. Year end results as a result of covid will surprise the markets. Huge upside here in one of the safest cash liquid companies in the uk
prussel
On or around 11 th Feb and dividend payable on or around the 26th Feb. Note the wording in the RNS ‘on or about’
I would have to say that he should read the RNS and make his own interpretation. His interpretation is every bit as good as any others
Anyone know the EXD date for the special divi of 51p, IF it is voted through at January GM. Pal of mine wants to invest however the SP of Tesco overall is pretty static mostly and with an 11p forecast dividend there are better options. Buying Tesco would only be interesting if he could still secure the 51p specdivi. He's a cautious lad and only want to put approx £7k in. Have advised him I don't know if buying now secures the specdiv. Any views / help? Cheers