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i tried to top up on the low friday afternoon but funds i transferred would not clear in ISA.
i have 16,956 shares so want to square it up to 18000. in so far at 235p i think it is. So will have to wait till Monday to try catch 228 ish.
like to see a breach of 250p.
Had a Chat with the local Liverpool Tesco Express store manager this morning. It's only got 4 short isles. The guy said last week's sales topped £100k He said he's never in 6 years seen that before?
He said we have no deals / discount on anything but people just keep piling in....
I'm guessing all stores must be doing a similar trade ...Wonder if its reflected in the SP next week?
Looking at the charts we seem to be close to an all time low so I might have a dabble in Monday
TRB
Ah, the bonus. The one that everyone got incorporated into their pay so that they didn't finish up getting a bonus that was immediately eaten up by a reduction in Working Family Tax Credits. The one that means all staff get an ongoing bonus in their wage packet last year, this year, next year and beyond.
Ah yes the urban fulfilment centres : they will be using starship robot technologie group but as I understand not 100 % picked by robots and the goods come to a picker anyway x Along way off from Ocado’s zoom warehouse in acton west London which will deliver your shopping within 60 minutes of your order being placed as long as you live within 5 k. Of the store “ now that’s service!”
Also talking to someone that works for Waitrose there store in salisbury is now picking 2,000 orders a week , so when Marks and Sparks fill their boots that’s another competitor out there and co op also now getting in on the action.
Rosewall, As a manager (store manager?) how do feel about pocketing a bonus now that anyone below a manger in store doesn’t get one?
Also the new CEO of Waitrose Sharon white is now putting back staff as number one priority which from what I hear has lifted staff morale .
And us Drastic Dave cut cut cut and pay the bare minimum the brainless kids may think it’s great but in reality when we tell them how it was they suddenly don’t feel chirpy anymore and as I’ve said before barely any of the old school do overtime anymore unless they want it for a day in lieu,
Hi Sampson
Where did you get the 51p special divi figure from? Have they indicated that or is it from speculation?
Used to work in tesco head office when sir terry was at the helm and they were the darling of the ftse. Unfortunately they got complacent after he left and appointed brasher who was not up to the job. The accouting scandal made things worse...they lost the confidence of the market and investors. A bad bad time.
Drastic dave came in and saved them...he's turned the business around and tesco has regained its mojo and credibility.
Tesco never has been a swashbuckling stock...it was always a slow and steady and reliable investment. Its back that way...hopefully for a good while yet!
TRB
Snoopy says that you have skipped the bit about the Tesco CFCs and have totally ignored the 30 UFCs currently scheduled for building. The first was due for commissioning about now and I am trying to find out to what extent Covid-19 has delayed matters and whether, with the doubling of capacity, they are under specified.
Special dividend estimated 51p Ps a lot of share holders will benefit immensely. So I’m very upbeat
remember their maybe a special spectacular dividend later this year on the back of the sale of Far East business? And money for the pension deficit. Something to ponder?
Thanks for the informative post, always good to know the background workings and costs. I will try to be more upbeat on the SP for Tesco.....maybe the last couple of months have got to me :).
Apparently Tesco makes £6 on £100 spent on dot com where as it £3 -4 profit for £100 spent in store , well that’s what they tell us I still reckon it’s loss maker, However with Ocado a robot picks a 100 item shop in 10 minutes for the price of electricity( I know someone needs to maintain them but no holiday to pay or pension etc on the robots) anyhow it takes about 45 minutes for someone to pick that same 100 items in store at a cost of approximately say £5 , so we have at a peak 570 orders going out of dot com at a max 80 items per shop so for arguments sake average £3.50 cost to pick per order as not everyone one will want 80 items so that’s close to £2,000 a day to pick plus employers tax , pension it’s probably £2,500 or nearly 18k a week wages . What do the robots cost, or to maintain I’d say Ocado is the only one that makes a profit, they’ve also increased sales 33% year on year so M&S should do well on the food side going forward..
Share price wise, well look at the other shares rocketing upwards now while this dog barely moves. Yup money’s safe here, but if you want a better return there’s value still out there and good yields to be found when re introduced.
Should you be thinking more positively?
Your glass sounds half empty
For great share price gains, I have been in Tesco for six years and the SP has barely moved, I bought @ 1.94 & 2.24 in 2014. But it has held up really well and has done a great job for the country over the COVID crisis - so NO complaints. I look at it as a slow growth steady place for a few quid long term which will hopefully follow the market upwards. Home deliveries may be great for the community but I believe they are done at loss to the business as all the supermarkets make no money from them including the much hailed Ocado, correct me if I'm wrong? all IMO.
Surely the broker targets have some credibility for the business valuation average about £3.00 per share now I don't have much faith in their valuations but surely 270 -280 is not out of the question.Good to see a rise today hopefully get a steady run now.
Tesco back towards Ex Div date price.....
pushing towards 240 i hope......
I don't see any great share price revision upwards (I will probably be proved wrong). The current share price reflects the value of all Tesco businesses including Asia (remember Thailand is doing well but the smaller Malaysia business is not). So by divesting itself of an overall profitable Asia the value of the remaining Tesco group is less so I expect the sp to decline by about 50p as that is the value of the money taken out of the business.
The decline might be less than that as the remaining funds will deal with the running sore of the pension deficit and a cash boost.
That's my view anyway.
once deal goes through, would it be likely the sale pushes the share upwards?
as the sale would be seen successful and make tesco a small fortune that has been talked about sharing out (which if as a large divi would see share price then fall back)
The roadmap is in the circular.
Swimfan
No ex div date has been set. No need to as authorisation for the deal and the consolidation has not been granted.
Your right ! I guess as you say we are just not in favour.
Other businesses which are still in lockdown their shares are rising ( CINE )!?
Strange times indeed .
Maybe it’s to do with Buffet when he dabbled in tsco years ago ( Warren has a buffet with Tesco etc ) then said later he regretted it . But they have come along way since then.
morning all,
years ago i recall reading about Warren Buffett(? excuse spelling, it's early) buying 500 million quids worth of Tesco at 350p each or similar..... never heard if he sold out?? this was way back when i firs dabbled in Tesco as it always seem to be 300p to 325p when i was interested....... a mate had shares and worked there.... talk on here was of people waiting for a low of 285, charts this, figures that... met with, 285 will never happen etc etc.....
i'm sure there are lots of people out there who "held" for long term growth..... and some who don't even know the share is currently at these levels.....
so, just curious about Buffett........
thanks and GLA.
yet no price hike for Tesco success.......
gets hammered like BBY does.......
think some stocks are just not favourites.......
Outpacing Aldi !
https://www.ft.com/content/ea2df582-a3f1-46b0-865b-8dd780d34e37
but what would the Ex Div date be???
My understand 50p special plus around 9p,Its a cracking deal for a share valued at 227p.
Lidls isnt my favourite either tbh,Tesco is my favourite out of the big three,aldis locally are good,staff great ,products fairly good,I usually shop aldi first then anything still needed will go to Tesco.
The best thing about Thai deal is eps lost is compensated by just a third of sell figure going to cover pension costs which equates to same value of eps.
So a simplification of business and a nice return to the shareholder of the other 5 billion(about 50pence a share)
Hate Aldi with a passion, so overrated. Customer experience is shocking, more positive atmosphere at a morgue. Rushed at the tills, and like what’s been mentioned, their like a box of chocolates, you never know what you’ll be getting on the day, always hit and miss with their products