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With the sale of the Thailand arm in process, do you think we'll get a special dividend?
PS CityLad
My background is O&M too. Great to see another one here. My O&M background was food manufacturing
CityLad,
Yes, the ou are right about the efficiency and I have moaned about the increase it costs since lockdown started. However, Tesco depends on repeat business and that can only happen if the customer is alive.
Compared with the competition who, from their shambolic offerings, seem to be determined to kill off their customer base.
The safety's features are pathetic from an efficiency perspective. I've stopped going to Tesco's as I'm sick of it.
At my local store there is a queue for the tills controlled by a marshal. A person is not allowed to unload goods to the belt until previous person has left the till. Cashier watches the next person walk up for several seconds after an "Oh, can I go?" delay. And with maybe 18 tills this can take a while.
Then watches the shopper load the belt, a few more seconds. Then only starts to scan once shopper is at the end, by the till, a few more seconds. Scan, pack and pay as normal and the cycle starts again.
Cashier spends perhaps a minute or more of every cycle watching and waiting.
The cashier should be working if there's a shopper wanting to be served (processed) even though they are currently held in a queue yards away.
Next shopper could be loading the belt once previous shopper is by the cashier. Belts are easily 2 metres or more from the till.
Why do I care?
Perhaps I can see 10% of the cashier's time being unproductive and adding costs.
Aldi processes as my process - cashier always busy.
I do process improvement for a living.
At Tesco, I sort out problems. Sometimes, with my head in my hands, I think WTF.
Last night, I was chatting with another manager and the picture was clarified - sometimes, you need to step back and see the bigger picture.
Customer satisfaction survey:
Sector average: 75%
Tesco: 92%.
Even allowing for differences in timing and processes, the gap is significant. When the Covid-19 mists disappear, I think we will see a much firmer customer base. The big winners are Click and Collect and in store shopping. The safety features and processes implemented by Tesco are always commented on favourably whereas many of the competitors are viewed as shambolic.
What is going on here, shares up today everywhere, yet another broker upgrade and we are in the red, I can’t believe it
Agree Viper, though I estimate 280-300 SP by year end.
Supermarkets always fare well in recessionary times.
Combine this with the 12mth waiving of business rates, Tesco's excellent and increasing online delivery service and it's divestment of the SE Asian arm. Then it's definitely a good long term hold.
Of all the major supermarket shares currently such as TSCO, SBRY, MRW etc. I strongly feel that TSCO is the "safest" and in the "best position". I will be re-investing my dividends to acquire more shares, this may possibly include the special dividend too. I see this as a solid defensive through COVID-19. My money should in theory retain its value and I can take the divi in terms of extra shares and then wait for capital growth over many years e.g. 5-10 years. The compound effect coupled with what should be a slow and steady rise to SP back to 275p a share should mean this is a safer long term play.
Varies with different shares and their movements, I’ve know some to keep rising day after ex divi, on this occasion your correct buying after would of been a much better move
Hi,
i'd like some views from dabblers and experienced buyers/sellers.
the divi..... 6.5p per share held at COB Weds 20th.
if someone owned 10000 shares and will get £650..... sounds nice. this person waits for a rise back to their buy in price.
BUT someone who opted to not have 10000 shares, sees the price drop after ex div day, then buys in, waits for price to rise above the 6.5p divi payment....
who is the better investor?
is there one?
are they both so so??
i ask as i saw tesco at 234p, then drop, but then drop again further.
so 10000 shares would have been approx 10500 if bought at lower price with same funds....
and divi was ignored....
when price goes back up, more shares at a profit.....??
am curious to know views on divi, buying in, and holding back....
thank you all,
If I was to give advice to any new traders it would be to do it through an ISA, well worth it if you make money from a good trade or two
If your shares are within an ISA or SIPP then you won't pay CGT on any gains below the £12.5k allowance. Anywhere else and you will be taxed.
Agree,if you can sit tight and do not need the money.I had 14000 through the Saye which i could of sold at £2.48 and in 24hrs they crashed to £2.11.
I fear that the stock market is going to get hit bad later in the year once the fallout from all this becomes more apparent.Sadly i am nearing retirement and cannot play the long game.Get the special dividend and sell when the shares get back to £2.50
For me trading within an ISA is the answer, all of it would be yours
Everyone has a capital gains tax allowance,i think at present its £12500.Tax if i am correct is at 18%on anything over that amount.I would guess you will like me pay tax at the marginal rate on the £9000.
I am sure somebody far more educated than me can put us right.
Question. Now when they potentially pay out this 50p special dividend is that taxed? As I’d get roughly £9,000.
I ask only that Because if I sold say half my shares I wouldn’t get capital gains tax and subsequently would only get £4,500 that could be taxed
Not sure no
Do you know what date the next set of figures will be being released on?
Hope so mate, I still cannot believe the current price/post divi drop, wish I’d waited to buy after now
I believe once the next set of figures are released which include the lockdown period this will easily climb into the £3 bracket.This will prove to be a solid share
CITIGROUP RAISES TESCO PRICE TARGET TO 300 (290) PENCE - 'BUY'
Tesco a long term hold. This a very competitive market . But they are internationally diversified and confident about paying a bit of dividend so give them credit and for Clubcard their late evening shops keep our flag flying in this country even if we go to Aldi and Lidl as well. When they are cheap they are a buy - they will be around forever
Oops, me spotted. Thought I was on the Lloyds board.
You mean like the majority being underwater and a snake like being at the head of the beast?