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Why does investment remain at 20K?
What is not to like with the special dividend / share consolidation? Surely it's a return of 30% on offer.
Are my figures correct ? What is the cautiousness shown by the market on this ?
Is it that the market cap is currently inflated by £5B, but that doesn't tally with the current yield ?
Example: https://www.fergusonplc.com/content/dam/ferguson/corporate/investors_and_media/Shareholder-centre/AGM/2018/Ferguson%20plc%20Share%
Simplification of TESCOS Current Situation :
Today : Market Cap = £20B, 10B Shares in issue, Annual Dividend payout = £1B
A holding of 10000 shares at £2.00, Yield is 5% (10p dividends a year) and the special dividend is 50 p.
You'll get return of £6000, and have 10000 shares with a new share price of £1.50 Total Investment = £15000.
Share consolidation happens. Market Cap = £15B. (Share Reduction % = 50p/£2.00 = 25%) Shares becomes 7.5B in issue
Some loss of Asian profits means Annual Dividend is now = £0.75B
10000 Shares in Old Tesco becomes 7500 New Shares valued at £2.00. New Yield = 5%.
Overall : Investment started and remains £20000, returns Dividend and Special Dividend (£1000+£5000) = £6000.
Overall a yield of 30% has been had. ...
It did make me chuckle, I would of been happy with 218.
For some reason I just gravitate towards Tesco when there's nothing left to buy as it seems so reliable and steady.
I got my last batch for 211 so yeah I think I'll hang fire and continue playing on the US markets for a little while.
Based on those huge buys towards day end I expect this will rise significantly tomorrow to £2.20 at least.
I bought at 2.14 earlier for a longer term play and dividends. Thought it might be a bit more sensible than recent riskier plays..... who knows
I agree mags. They seem to lack ideas. The delivery business has doubled and is the market leader but needs more investment. By giving the dividends and returning cash from the sales they are then probably forced to top up the pension, which could have been done over 10 years or not as much if yields ever improve. £15bn of gross debt is a considerable weight and cost, which will continue to drag the share price down. £500m profit, £500m free cash but the net debt only reduces £100m. Last year Tesco paid £380m in corp tax on £40bn+ but Aldi paid just £9m on £12bn turnover. So Tesco are price matching to Aldi but paying a lot more corp tax.
REDDINGTONR
Not bought back in but I would at under 210.. it's acted quite strangely today, big gain to start then closing down on the day..
if you hold 10000 shares at 2.00 and the divi is 50 p the share price will be 1.50 after sale but your 10000 shares will become 13333 shares both examples equal 20k
think you have your numbers the wrong way round redbarron.
Yes well that’s another white elephant that needs off loading ASAP !, will only be loss making in this environment. Another great idea by sir terry was it?
I apologise I thought the interim dividend was already at 3.21 in my head but that was for another share , still at the rate there going 4p Interim dividend for next year seems a good guess and perhaps a final dividend of 11.5p at year end in February.
. Now looking through the report whilst they are looking to wipe out the pension deficit by February next year it could well be -£3 billion anyways so they will still be short !
The way I look into it the share consolidation will be by 24% so 100 shares become 75 shares . Jmho
I was the same Mag, I had 2 sell orders with ig for 218 and both get hit at 225 (nice bonus??)
kicking myself that I didn't have a sell order for my 212 account, did you simply buy back or staying in cash?
The markets reaction to today’s results and ongoing valuation of this company by the market is absolutely insane, ludicrous and most certainly bonkers! £20 b vs Ocado on more or less the same!!! Values are based on forward profits ???!!!!!!
Or pay off debt
Kingalf,
makes you wonder why pay such a dividend then and not invest the proceeds from the Thailand sale into company growth?
Yes I tried to sell higher also (IG) but wouldn't go through, also IG's dashboard didn't show tesco price till about 08.05. I'd have sold at 225..
Nearly half of the asset sale is to remove the pension deficit which has been a running sore for many years. That is debt reduction.
But at the same time the number of shares you own will be reduced. You'll end up with a 51p dividend but an equivalent loss in share price through consolidation. It will actually be worse, the company will still have a massive debt on their books but a busines that is less valuable. This is probably the reason why the stock has dropped, they are pretty much asset stripping but keeping all the debts. I wouldn't want to be holding onto Tesco shares at the end of all this. My personal view is theyll be testing the 1.84p before to long.
There will be a share consolidation !!!
50pence+
To answer my own question ... looks like 51p per share - 5Bn divided by 9.8Bn shares in issue.
Jeez. That's one helluva bonus on a share that costs 220p !
Probably worth staying in for the sale of Thailand and Malaysia business. Anybody know how much is the special dividend per share likely to be?
Bit annoyed as put a sell order through at 223.3 which it said was accepted but it didn't settle. Managed to exist at about 221.5 in the end. Well done Tesco and holders, should be ok from here when the banking results improve. All eyes on Sainsbury's now for november
Yes I read that too. It depends if you take the last year restated version in todays rns or what was actually published last year. I like tesco and am invested. What I don't like is the amount of finance charges £476m on £12.5bn net debt. I would prefer to see the funds from asset sales used to reduce borrowings which will reduce finance costs and boost profits and valuations.
225.00 GBX +11.00 (5.14%)
7 Oct, 08:05 BST · Disclaimer
NICE