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That last hour was a bit brutal on the sp
TSCO for me, not MRW. Never any point waiting for a bid in my experience - could take years. Go with what's on the table now. More chaos, more lockdown, more isolations. In my opinion TSCO have the best online infrastructure to profit plus massive corner shop presence via Booker. Re corner shops - don't Tesco own Happy Shopper, Londis and Budgen - I may be wrong? Also current TSCO SP is a bargain IMO and the Bank failure's already priced in but still a drag on progress.
Open to opinions here.
If you were going to buy one of the food retailers, would Morrison not be the best choice.
Reason for my thinking is a potential bid from Amazon and the negative implications this would have on Tesco and Sainsbury shares.
Corner shops already have their own suppliers e.g. Batley, nisa, Spar etc so I don't expect a massive uplift.
Remember that what is good for Tesco the retailer is not necessarily good for Booker. One, to some extent, offsets the other. Then add in Tesco Bank provisions and life may not be quite as rosey
From Kantar:
The market researcher added that sales rose 10.6% year-on-year in the four weeks to 4 October as shoppers moved a greater proportion of their eating and drinking back into the home.
"This is likely a response to rising COVID-19 infection rates, greater restrictions on opening hours in the hospitality sector, and the end of the government’s 'Eat Out to Help Out' scheme," said Fraser McKevitt, head of retail and consumer insight at Kantar.
In my opinion - more lockdowns and rising Covid rates are going to push more people to eating / drinking at home. More than half the UK population can't now socialise with another household (from Saturday) and this is likely to continue for a good length of time. The current standoff between Boris and local governments will only cause further Covid cases and further stricter measures, fewer people going abroad too. More online deliveries will result as more have to isolate. Booker will lose out to restaurant and catering trade but will still sell (more) to local corner shops. Tesco main stores and sales will be the main beneficiary here. Outlook is looking good for Tesco but bad for our economy and people's health. I've raised my target price.
when the asian arm of tescos is sold do we have any idea of what the special divi could amount to and secondly when is the full here ex div date roughly. thanks in anticipation as only recently invested here. Very impressed by turnaround and what they do for charities and local causes and free meals that they provide where most needed. Only found out just how much they do and have been shopping with them last 3 months and find them great.
will swing back and forth now till next year.......imho of course.......dyor
Rosewall thats not quite correct, the percentages may balance between Bookers and home shopping, however there's a massive disparity in volumes traded. You need to specify the volume ratio.
at least now we have tray liners in place it was costing the business a fortune to bag all dotcom orders from a resource point of view dotcom probably back now to just breaking even maybe a small profit fingers crossed.
Doug,
It is swings and roundabouts. What Tesco gains in home shopping as a result of the closure of pubs and restaurants will be lost as a result of the same businesses not going to Bookers.
Doug, this years high price prior to the country going into lockdown back in March was 255p, falling to 211 on or around the 23rd March. It never regained the years high even though figures for online shopping was good. I am not saying a full lockdown again will not be good for TSCO share holders but back to 255p and above? Not so sure.
uncle doug fair point agree
I have never believed those bought and sold numbers as the trades I've done often go in the wrong column.
SP will continue up as more lockdowns, isolations, pubs and restaurants shutting will cause more use of supermarkets and online delivery. I'm pretty sure latest Covid measures are too soft, too complicated and nobody follows them anyway so a full national lockdown will be needed once flu starts up. Also as other companies suffer from job losses and consumer hardship in an economic turndown safe haven is always in staples like food. All good for the likes of Tesco. No brainer.
Today is the opposite 7million bought 29 million sold. However share price moving up slowly. Exdividend very soon.
lse showing 60 million bought today thats huge if accurate any opinions?
Tesco chairman John Allan said he would “defend to the death” the supermarket giant’s decision to pay a dividend after receiving a large tax break,............ I like him already..
dividend for me...and I'll buy more TSCO shares with the proceeds.
As Rosewall states, concentrate on core business. The LIdl/Aldi etc expansion needs to be squished & the roll out of Jacks will help to fill the gap between Metro size stores and Superstores.
Gavster
I thought TSCO have just come through five years of divestment of vanity projects. Surely history proves that the company is no good at buying other businesses. Expand core businesses such as Bookers but keep away from garden centres. Always thought that a company such as P&H would fit in well as would Spar or Miss.
No it couldn't Rhodi, read the interim report.
Out of interest. Who would rather see Tesco buy a stake in or takeover some other businesses, grabbing the opportunity while markets are down, thereby boosting income and yield rather than take the special dividend ?
could that include the special dividend from asian business sale. Having heard that could be an extra 50p dividend, quite surprised this is not nearer 240p. Anyway very happy with tescos performance. Ahead of what I expected. They have set aside money for bad debt on tesco bank. Hopefully it will not be as bad as funds set aside. Footsie due potential correction upwards back to 6200 imo so this should move hopefully north in tandem.
Faster
"
"Meaning that they will consolidate the shares in order to keep the share price unaffected".
They will consolidate the shares but not necessarily to keep the share price unaffected. There have been many rumblings in the past where institutions want the share price to be much higher. Remember, the share price was ÂŁ5 not too long ago. So we don't know how the consolidation will work out.
You also, I think, mentioned the profitability of the Asian businesses. One of them is profitable, the other is loss making.
Agreed, for the 3.2p, special dividend not been set yet, and I'm not believing we are going lower, tesco is a major company actually making a profit and paying dividends.
As the ex divi date is declared on the 15 Oct, can’t we just sell a few days after as we will retain our entitlement to the dividend with non of the risk????