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Are next Wednesday let’s see what dribble he offers.
It will be interesting to see if they outlay the covid related costs or fudge them into the figures
Well said my friend. He’s only in it for himself (and the board for there atrocious goal post move with Ocado so he could get his bonus)his massive bonus that was rejected by a huge 67% .
Yes add the shop floor workers bonus taken away.m
And the fact we’ve gain 6p a year for 3 years on the minimum wage
. Great to see Leigh day back in court to try to stop Tesco from taking out a document from 2014 saying people in store are more valuable than distribution centre workers who are wiping the floor with us on pay.
Costco seem to look after there workers.
How the hell has Ocado got a greater market capitalisation than Tesco , they have never made a bean , loss all the way , this Covid is affecting peoples brains. Come on Tesco back to 250p .
We are at a pivotal point here, could go either way.
I topped up at 215.. watch it plunge now ????
11m bought 8m sold still going down what a joke ******* joke
I really do hope you are being sarcastic.
Let's look at what Dave has done during his tenure but not just for shareholders for employees too.
Dave has mananaged to leave the company with a worse share price than when he started. Shareholders must be thrilled with that, specifically long term holders.
Pension scrapped and replaced with a crap scheme meaning you pay more in for less return at the end.
Sat and watched a massive tesco accounting fraud unfold with no prosecutions resulting. White collar crooks don't go to jail remember but wee Annie who took a jelly sweet from the pick and mix has lost her job for theft.
Cut workers Sunday premium to negate a pay rise leaving workers in some cases 1p better off but a lot worse off and or no change.
Forcing contracted workers to sign up for a flexible working contract or look for a new job.
Watch this space, employee premium Sunday rate will be straight time within the next 6 months to negate another round of cuts.
The man is an asset stripper and by definition a sociopathic scumbag.
If I left anything out feel free to comment.
Drastic Dave has done a good job here, hopefully Ken from Boots can just keep the momentum going
Have u had a look at ALBA mineral may help in your pf dyor been rising last 2 weeks
My Strategy is to hold & add tsco into 2021. feels safer in here than most of my pf... and I'll enjoy the dividends in the meantime. The 10% sp swings of late are also a bonus for the seperate trading pot. Its Interesting that others will sell pre interim. gla!
Its funny how technical analysis sometimes predicts share price changes before the fundamentals catch up.
Going with just that view, I'm expecting next week to determine the sp movement over the next few weeks.
I wouldn't be surprised if next week the OTTC don't announce their decision. Just for your guide, if it hits 2.14 that will form a triple bottom, the announcement will send it one way or the other. Place your bets
If this drops a bit more tomorrow I'll be topping up, with the view of selling before October 7th and then buying back in after as you have said..
'' CREDIT SUISSE RAISES TESCO PRICE TARGET TO 266 (265) PENCE - 'NEUTRAL'''
Surely this target should carry a' buy' rating..
Bear in mind that one of the businesses is loss making so that should help too.
Last year year Q1 revenue was almost £14B, including £1.25B from Asia business. In the coming year Q1 rev. excluding Asia & Poland businesses is £13.3B. Thus, NAV would be adjusted based on value of the current business not the transaction value. Sale of a business attracts a premium which is usually significantly greater that proportion of share price.
Highveld,
Thanks for your comment. It was a tongue in cheek post which actually is reasonably true. Unless I am very much mistaken, I put it on the LLOY board to wind up the usual suspects there.
Gavster
What people are forgetting is that the NAV will be reduced by most of the £10 billion. Only £5 billion will be going to shareholders in the form of a special dividend. The remainder is going to the pension fund and a little bit for working capital. £5 billion equals roughly £0.50p per share. So when the NAV is reduced by nearly double that amount, the effect on the share price will be .........
I haven't taken into account the ordinary dividend, that will no doubt follow the usual path.
Hi Rosewall and all. I quote your post below.
"Some will go to the pension fund and some will go to shareholders and the dregs will go into working capital. This will reduce the SP by the best part of £1. How many shares need to be consolidated to get back to £2.50?'
I've also consider the drop in SP after this special divi. If the SP drops by 50p and the normal annual dividend, say 9p, stays, then this should keep the SP higher than a 100p drop. A yield of 5% if divi of 9p with an SP of 180 (being 230 less the 50p) for new buyers.
Reinvesting a special divi, if shares bought at 230, also keeps the yield at 5% if the SP drops. and the yield reduces to 3.9% if the dividend is not reinvested.
To me this all suggests that a drop by the same amount of the special Divi is already priced in.
Cheers All
Rosewall, unless I'm mistaken earlier you put up a genius post in which you suggested a negative correlation between posting activity here and sp success. It seems to have disappeared in a rather sinister way. I can only say that I concur. My best holding is M@G- radio silence. Here it's quiet, an excellent defensive stock I feel during these uncertain times. I also have a holding in LLoyd-enough said; BB full of fake philosophers and charlatans spewing stuff out all over the place. Won't post again in order to further all our interests.
GLA
Hello folks looks like its heading back to the 230.(fingers crossed)
Is there a couple of pence ex divendend date in October and will that be enough to keep it in the 230s or the usual up for a day or so then tank back down.Cyrstal ball anyone
Bagshopboy
We don't know what the consolidation ration will be. That will be part of the EGM publication. Tesco appeared to be comfy at the £250 mark and the selling of the Asian businesses will see the bulk of £10 billion wiped of the NAV. Some will go to the pension fund and some will go to shareholders and the dregs will go into working capital. This will reduce the SP by the best part of £1. How many shares need to be consolidated to get back to £2.50?
If the special divi is paid. Each shareholder will get , shares or 50p in cash paid her share owned. The only thing that will consolidate will be the sp, not your allocation of shares so if you owned 10000 shares, you will still own 10000 shares but they may be worth 50p less then pre payment.
yes kingalf however in the example you use you will get 10 percent back in cash or shares depending on how take your dividends.
247 would be fabulous but I don't remember it being as high as that for a few months..