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I wondered that too. Maybe it is the bit about their exposure to bad loans via Tesco Bank, £150-£200m? Also, I read on the BBC, I think, that the coronavirus costs to the business are going to be £840m, maybe that's part of it. That's nearly a billion gone straight away.
I think in fairness that no company is going to want to come out shouting 'look how much money we're making from this pandemic' so they are trying to talk profits down as otherwise they will come in for criticism (especially for the business rate cut) and possibly be hit with a levy by the government. Look at the way the government interfered with the banks dividend payments, effectively instructing them not to pay dividend and use that capital towards bad loans. Just my take on it, I might be wrong!!
Fab results and why is sp down?
Same ol rhetoric, for what the results are in given circumstances? Just Excellent, absolutely fab that how I read it!
theredbarron, you sound like one of those long term employees who spend their whole day at work moaning about anything and everything! It sounds like Tesco has given you a fair life financially so why all the negatively? It isn't just this post, past ones have been complaining about how good it was back in the day and how rubbish it is now.
If these managers are so bad, and you could do a better job, why not become a one and show them how it is done instead of just moaning? Maybe you have tried to get promoted and didn't get the job and that explains why you sound so disgruntled??
As I said in an earlier post, if you don't like it, move. You are not a tree!!!!
TRB
If the manager is that lazy then you know where to report it. If he is that bad then it will be reflected in the figures. As for the boss's golden goodbye, that has been as transparent as it can be from day one. Has he done a bad job too?
Looking at other shares the reporting stopped after 320 ish so I believe this to be a platform issue than no one trading in Tesco shares.
Yes won’t won’t to see good results as they will have to get rid of it all to the boss as an added bonus .! Hopefully see a big revolt in his re numeration package , well to be honest I need a good result would like to see 240 ideally but think I’m dreaming we shall see need to sell 20k 25 k if it’s a good result tomorrow 15= for house improvements 5 -10; to play with .
I see our boss is back to pre covid work ethos usually to be found in the middle of the aisle on his phone , by the checkouts on his phone or by the newspapers yup on his phone but now to be found slumped over the rail in Costa ( which is closed) of course you guessed it on his phone . It’s embarrassing if I’m honest he has to be the laziest store manger we’ve had in Southampton.
However in the panic buy era I admit for the first time ever he actually was seen putting stock out !
Even more embarrassing as my store manager I’ve looked him in the eye and he has no idea who I am even though he’s been in charge for two years!
Looks like on the Chart for today, trading stopped at about 15:30 till C.O.B.
Fingers crossed this races to a huge early start.
Glad i am already in, as generally i would have looked to buy in near close of play, so would have missed it......
thoughts on tomorrow? speculation?
GLA
Sorry hit wrong button strong buy meant lol
Can't wait for results tomorrow I am really intrigued how Dave Lewis will deliver rns as I say Tesco cannot be seen to heavily profit from the pandemic there will definitely be some twist e.g. give some profit back if available any opinions please post I have over 20000 shares here so want to know every angle.
Doesn't hold any gains well either.
i had hoped that from the 5p rise we had on the VAT news, we might at least stay there till news on Friday.
my hunch was to sell at the close on Monday, but i wanted to stick with it, as i had hoped for a trickle upwards as the week went on. BUT no, for a second time, Tesco drops, back towards the 226p area......
so now, i know i should have sold Monday "on good news" and then waited to buy back in at a lower price for more shares.
so in all, it's all hope and hindsight, either of which i have none lol
GLA
late yesterday - maybe we will open higher today?
Tesco price doesn't move quickly ,it's a very consistent share to hold at this time. It's a safe bet that you can rely on.
Redbarron do you really think anyone cares lol you should post that rubbish on Facebook.
roll on Friday.....
Supermarket rises today coming from speculation govt. Is going to cut vat great to see a rise and hopefully it continues slow and steady no fireworks well maybe indoor fireworks but hey that's tesco safe and steady and still paying divis.
Its a stable stock..bit of a consumer staple. It aint gonna go to 300 anytime soon...but neither is it likely to go below 200 anytime soon. Its not airline or consumer discretionary with 50% swings either way. If you want lower risk/lower volatility...tesco fits the bill.
I have 10% of my equity portfolio in here. More upside than downside.
You can take the casino ride on other stocks...but be careful
If there are hunches and news/leaks that Tesco results are going to be great for Friday, i hope the rise continues through the week as people start to take their positions hoping for a good rise Friday on delivery of the news.
Not boring indeed - just very very heavy - it doesnt go up easily -that said its just hit 231 for the first time since its recent foray into the 220's - could be an exciting week if there is a flurry of interest driven by the friday update.
GLA
NtD
"In my opinion there is an absolute bloodbath coming around October and markets will crash."
Can't disagree with that.
I wouldn't call it boring Redbox, in the last 5 weeks we have traded in a 27p band some 10-12%
of the prevailing sp. During which a 6.5p dividend has gone ex-divi. Maybe you need something more volatile?? Try the travel, airline sector or Aim
I wouldn't call it boring Redbox, in the last 5 weeks we have traded in a 27p band some 10-12%
of the prevailing sp. During which a 6.5p dividend has gone ex-divi. Maybe you need something more volatile?? Try the travel, airline sector or Aim
I will stay with this because i believe once the next set of figures are out it will increase towards 2.60 and possibly beyond.
In my opinion there is an absolute bloodbath coming around October and markets will crash.Foundations/investors still have to park there money somewhere and this i believe is reliable if not spectacular.
Utterly dismal this share. So I need to sell 5,000 I may sell 10,000 by Friday next week as we’re spending 20k sprucing up the house so need a good result 235-240 I’ll sadly take . But I’ve said before I believe better value to be had else where so 10k to spread elsewhere , I’ve said before M&S and I’ll stick by it and depending how it goes will take my leap of faith in two weeks( I’ll go 4K), also I like Aviva 11% yeild should it be re instated in the future ( I’ll go 2k) lastly next online website is pretty strong and with the addition of oasis and warehouse will do them good “ heck even Tescos is on there!” That leaves 2k £500 in tullow oil and £500 in premier oil is the plan. These are my private darts onto the gambling wheel and are by no means recommendations. I’ve done £300- £500 punts on various firms during lockdown for the long term , you can check my history I’m no ramped or de ramper just a disgruntled 30 year serving Tesco employee who’s lost faith and trust in a company I once loved and believed in.
It's like a dinosaur that's stuck in the mud. That said, it's better than a savings account offering 0.000001% interest at the moment, just have to wait for the dinosaur to gain any sort of movement to creak back up to a pre-dividend price. When the second virus wave comes, the market will crash and they'll be spectacular losses, a financial crisis, panic everywhere and a new lockdown, but Tesco the dinosaur share will have only moved down from 226p from 223p.