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Rosewall, am I right in think that a share consolidation would be undertaken to reflect the sale of part of the business, for example, you hold 100 shares and the company sells 10% of the business, your holding is then reduced to 90 shares.
Good day Nags
It's far more likely to "drift" to 247 like it has recently.
Yes good day, I'm wondering if 225 is it's top and will drift backdown again to 212 like it has before..
surely tesco is a safe bet with the second wave looming or already here. Top ftse100 riser today hopefully not a one day wonder.No reason not to pay interim dividend plus asia deal may have a positive effect on sp think tesco is definitely a safe bet in these uncertain times.
Works out at roughly 50p per share.
Statement says 5bn allocated to shareholders but not sure what it equates to with regard to a dividend.
If you had indeed read up on the deal, and by that I mean the published prospectus and circular, you would know what is happening.
The deal is still to be agreed by the regulatory authorities in the two countries. It is not and has never been a done deal. Assuming the regulatory authorities agree then a second EGM on the consolidation of shares will occut
What is happening with the special dividend, Has the take over happened or yet to happen
I thought it was a done deal and the Dividend was on its way, But i get mixed messages when i read up on the deal.
Finally , any idea how much it means to share holders ?
Sainsbury's seems to have had a boost on the announcement that VESA EQUITY INVESTMENT S.à r.l. has a 3.05% stake. Any thoughts on the implications for Tesco ?
Chelwood
Your wife may have 16000 shares now but alongside the special dividend is the consolidation so the number will be reduced
Morning Lawstudent
Personally i would hold on to the options.My wife who works for Tesco has contributed to them over the years and always made money.She has 16000 ready to sell once the special dividend is resolved.I also do SAYE at my company,£400 in your bank is good but will you spend/waste it and interest on the money is zero.
If its similar to the one my employer operates you can stop the scheme at any time and get your money back.
Admittedly the points raised around the special dividend impact on the share price are valid.
Its a no loose scheme, you could always invest this year, if the price is lower next year, cash this one in and take out a new one at a lower price. Just something else to consider, if you have any loans / credit cards on high rates it would probably be more prudent to pay those off.
Sorry, finger trouble on hat rambling post. Essentially, there is a chance that SAYE will be at the unconsolidated price rather than the consolidated price. DYOR
Set4life
As you say, because of the structure of the scheme you can't lose. What I can't remember is that, when the Prospectus was published, although consolidation played a minor part, I can't remember if it referred to the SAYE. If the scheme TS and C's remain unchanged, it means that you will bting to memory on his one.uy consolidated shares at an unconsolidated price - a massive profit. DYOR as I am trusting to memory on this one.
Baker
Apar from the special dividend it is also expected to consolidate shares.
I'd be inclined to stick with it for now and wait to see what the option price is for this year's offer. If it's less than 2.19 you can always cancel your existing SAYE scheme, get back your money invested to date and sign up to the new, lower price option for 3 or 5 years instead. I'm not in the 2019 scheme as I had one in its final year already but I've done that myself in the past and will join this year's scheme at max contribution whatever the offer price and just review it each year.
Forgot to add, thank you for your comment as well Jack.
Yeah that’s what I was thinking in terms of share price. I would not be benefitting from any dividends etc as obviously I do not currently hold any shares but would have to option to purchase at £2.19 - The reason for this weird question and I know someone noted down below no one can possibly know (which I am completely aware of but just wanted to get individual opinions anyway) is that say for example from history even if things were to go well, I’m thinking the price would be around £2.50. That would mean for the £14,000 ish that would be going into this share scheme over the 3 years including this year I would make approximately £2,000. I just feel this could be better used elsewhere for a £2,000 gain over the 3 years or so and like you pointed out any sale of the Thailand business could reduce the price as well. Taking all that into account I’d rather the £400 coming into my bank account every month than being saved separately if it looks likely the benefit isn’t going to be that much at the end of the 3 years .
I know this is an individual decision but kind of wanted opinions anyway so thank you @baker for your comment.
I should also factor into your calculations any affect the proposed sale (if allowed) of the businesses in Thailand and Malaysia might have on the share price. If, as rumoured, the bulk of the sale proceeds are to be returned to the shareholders by way of a special dividend, (51p per share?) then one would expect the SP to fall by a similar amount.
Law student you cant really lose as interest rates abysmal you either get all your money back or if sp higher than the option price bearing in mind the current low price you win. If I had the option I w6go for it all imho regards jack
No, sorry nobody could possibly know..
Does anyone have any price prediction for around November 2022? Bit of a weird question I know but I am currently on the Tesco share staff scheme which had an option price of £2.19. They currently take £400 from pay every month and keep it to the side and at the end of 3 years you have a choice of whether to buy the shares or take your money back. I am just wondering what people’s idea of the share price is as I’m just thinking about pulling out from this scheme...
Facebook is full of people complaining that Tesco are rounding up their bills to next pound to give to" charity." People posting are very annoyed , especially those struggling at present . The idea was not well thought out, as in reality it is causing a lot of annoyed customers. It should be discontinued . We can ill afford to see customers going elsewhere . People are finding it very difficult to say no to the request at the till , hence the posts .
Surely the special dividend cannot be paid until the Tesco/Lotus deal is authorised by Thai authorities? Which has not been announced to my knowledge?
Mags
Virtually all dividends in all shares irrespective of company behaves in that manner. When you are out, you are out and we don't know yet whether this ex div date includes the special dividend.