Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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May? I wouldn't be surprised if it goes to June tbh. I think there may be a balance here - a controlled release into the community, but one eye on civil disturbance. I understand there have been early signs of unrest in Italy. For the economy they really do need to get people back to work. The 'peace' could end up being as bad as the 'war' if the world goes into depression.
Will be interesting to see the forecast numbers. I personally see lock down at least through part of May and also think this is only wave 1 towards herd immunity, so more to come. Tesco look well positioned compared to the wider market, would like to see 24hr delivery slots and or partnership with other delivery services.
Took my first bite here today.
BOL
Good point 3300, and one that had occurred to me and forgot to put in my post.
After this crisis we wont go straight back to normality. People wont start going out again in the same numbers, the desire to socially distance will continue, not so many nights in pubs and restaurants, not so much use of cafes. So some of the added food/drink volumes from those sources will persist. Plus people may have the 'taste' for home deliveries which I assume adds a margin, helps with stock control and allows smaller (and fewer?) premised to be adopted.
Its going to be a different world afterwards if this lockdown continues as long as we fear. People will be, and will feel, poorer. Some of the froth (nailbars, beauty salons, car detailers etc.) may recede for a time at least.
Whether that is enough to persuade me to invest in Tesco is a question I am pondering.
Same here, all home delivery slots maxed out, pubs and restaurants closed. Should see a great boost to sales for March. I would expect to see a good forecast for Q1 for 20/21
Now very much looking forward to a (IMO) very positive update next week.
Don't forget Tesco along with other supermarkets are in line for a business rates tax holiday this year which supposedly will add another 500 million to the bottom line of Tesco. There's no doubt the additional staff will eat into the net profit but I'm expecting to see a large increase in full year revenue and that normally goes down well with the market.
That's a good post barron. Was looking at this but my decision currently on hold:
The SP hasn't dropped much, for obvious reasons, over the past 3 months compared to the market. So probably not much rise when the market recovers
Additional costs as you say, though hadn't realised quite how much
Great sales, great gross revenue this quarter. But many of these sales are retiming, and quieter quarters will follow
There will be pressure not to make excess profits as a result of Covid - maybe even pressure to make a substantial NHS donation?
On the other side there are clearly some unexpected sales to replace the effect of closed pubs/ restaurants that wont be 'lost' later, also reduced wastage of unsold perishables, less need for promotional offers, some hoarding sales will end up in domestic refuse so wont simply be advance purchases.
Which is a long was of saying I'm sitting on the fence for now!
Correct.
So at work we have a ton of agency staff in to the point we’re finished 90 minutes before the end of shift we then tidy up the yard, cardboard,trays and go backs , when that’s done we help dot com out for 30 minutes with people bagging up the shopping once it’s being picked or other are helping picking the shopping . Also to note is the fact dot com now starts at 4am to be out of the way of the 9am stampede. Now that’s 40 people on dot com now being paid roughly £5 night premium so £200 a day extra in wages £1400 a week now multiply that by how many stores plus the agency staff that’s a flipping lot of extra wages and by no means have I got extra stock at the moment in fact I’d say I have slightly less.
Also Tesco are paying a %10 bonus on all hours worked in the next 12 weeks as they know we can work twice as fast as the agency mob.( a bribe more like) now I don’t know what our current sales are ( I will ask next week) but I’d say the wages are outstripping that cost.
Now I’m going to put my neck on the line and say this special dividend will be pulled and re thought through . The banks have pulled theirs and they will want to look prudent and not profiteering or throwing cash away to shareholders .
I sold a thousand at 220 the other day as I now believe there is value elsewhere in the market and that 50p special dividend is kinda priced into the share..
9.7 billion shares in issue with 5 billion being returned to shareholders equals 51p per share
Exactly!
But even assuming a recession, don't people tend to shop much more from their local supermarket rather than eat out etc. I seem to remember that being the case in 2008/9.
This is a temporary spike in business, good for the short term but once the recession kicks in it will be a different story
Tesco is now a much improved organisation and best positioned amongst all the UK supermarkets to benefit from any surge in business; I also agree that the sp is currently significantly undervalued and a big rise should lie ahead IMO.
Surely with a quarterly update due, record sales for March and with all pubs and restaurants closed, this should be trading far higher.
With people not being able to eat out or go to the pubs, sales should be strong for at least the next quarter?
3300....yes indeed, my plan has not quite worked today. Hey ho, will see USA brings to the table later.
3300......My money is back in here for a day or two, the big money is to be made in BP with rapid swings either way, I took 10% profit there yesterday selling a bit early at 332. I was sitting on the cash waiting for something to happen then noticed this had dropped to 225 so bunged it in here for a few days of hopefully relative safety though that is not easy in times like this. Hopefully we will see this back at 235 in the next couple of days. If so I will sell and wait for BP to touch 300p again. Hope you are keeping well, I have been laid low for past 3 weeks with a rotten cough and flu. Possibly and probably the virus but I am now on the mend. Just need to start making some money as my SIPP pension provider has made a pigs ear of my pension and lost £300K in the past 3 weeks. !!!
Based on the market share of about 27%, Tesco would of seen £2.8 bn sales .
Been in formed some Tesco stores around my neighbourhood have Government paid agency workers helping with store replenishment.
a record £10.8bn ($13bn) was spent on groceries in the UK in March, Why no increase in SP
I keep jumping between these and BP. When BP. and generally the market has a good day this seems to have a bad day and vice a versa. Sold BP this morning taking a 10% profit in only 2 days. Back in here at 225. I expect it to jump back up tomorrow if the other markets fall. I will then sell and again buy some BP.
SUPERMARKET SALES SOAR AS CONSUMERS STOCKPILE HOUSEHOLD ESSENTIALS
(Sharecast News) - Sales across British supermarkets hit record levels in the last four weeks, industry data published on Tuesday showed, as shoppers rushing to stock up on food and other household staples spent an extra ?1.9bn at the tills.
According to the latest Nielsen Total Till data, British consumers made over 79m extra grocery shopping trips in the four weeks to 21 March, pushing total till sales at supermarkets up 20.5%.
The last week of the four was the busiest, with a 43% spike in weekly sales. The government announced more severe lockdown-style measures the following Monday, on 23 March.
So-called stockpiling of necessities occurred in the first two weeks of the four-week period. In the last week, attention turned to frozen food, sales of which surged by 84% against the same week a year earlier, and alcohol, with sales of beer, wine and spirits spiking 67%.
The data were mirrored by research by rival firm Kantar, also published on Tuesday, which reported a 20.6% surge in grocery sales in the four weeks to 22 March - a record.
Kantar found that the busiest period was between 16 and 19 March, when 88% of households visited a grocer, adding up to a 42m extra trips.
It said a total of ?10.8bn was spent during the four weeks, which was higher than that normally seen at Christmas, traditionally the busiest time of year for grocers.
Mike Watkins, UK head of retailer and business insight at Nielsen, said: "With households making almost three extra shopping trips in the last four weeks, this small change in individual shopping behaviour has led to a seismic shift in overall shopping patterns.
"As well as increased store visits, consumers opted to shop online, many for the first time. However unlike stores there is a finite capacity for online grocery shopping, due to warehouse capacity and available delivery slots, and this will have limited the growth of online sales."
Nielsen found that shoppers typically added just one extra item to their basket during each shopping trip, with the average shopping basket increasing to 11 items. Average basket spend rose to ?16 from ?15. However, shoppers made three additional shopping trips during the period.
Combined, the surge in sales over the four-week period added up to an extra ?1.9bn spent on groceries, Nielsen said.
Kantar also found people were shopping more frequently and buying slightly more, with the average household spending an extra ?62.92 over the four weeks.
Fraser McKevitt, head of retail and consumer insight at Kantar, said: "It's inevitable that shoppers will add extra items to their baskets when faced with restrictions on the movement. With restaurants and cafes now closed, none of us can eat meals on the go any longer, an extra 503m meals - mainly lunches and snacks - will be prepared and eaten at home every week for the foreseeable future."
All UK supermarkets experienced "significant growth" in sales ov
The purpose of opening this subject a few days ago was to try to analyse my present investments to find an area where I could invest with a bit more safety and security in mind , all be it for a short time (6-9 months). I was not looking for massive gains, but compared to almost any other industry I concluded that food supply / distribution was one of the safest bets. It does not matter whether Tesco have more vans than drives or even if they are operating them or the whole of their business "At Cost" .. at least they are not at risk of "Closing Down". These are the new limits / levels at which most investors will look at. Its no longer a case of Dividends or large rises, its a case of whether the business is necessary and if something worse happens will the government step in to support a "critical industry" which I believe Tesco would be a candidate.
Do appreciate your responses whether + or -
Rosewall "Temporary fix for a temporary problem." Too much demand is not a problem. Stores are packed and sold out, online service is sold out. No way they won't profit.
As part of the plan to make dot com profitable Tesco closed down the click and collect pods in quieter times most pods close Tues to Thurs between 1300 and 1500 some close completely on a wed and close at 1900 on sat so all these slots will open up from next week .I understand Rosewall it looks like click n collect is maxed out when you go on the website but there is lots of room for growth.
Well we had 5 new drivers start 2weeks ago only 3 left and another long term driver folded yesterday.
They said they would never employ agency drivers as too costly
Hmm guess what they have agency drivers now as unable to cope.
Now with the market looking like it will open down tomorrow will this rise?