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hi, can anyone tell me how much equiniti would charge me if i sold shares to the value of £10000.
thanks
It's a buying opportunity. Just because the recent report said the future profits Could be Low or Challenging does not mean a drop of 5)/10 %in price. I am confident staying invested and good it makes more sense with decent Dividends. Hoping for. £3 ....
I've added here, just some spare cash doing very little so I figured the 4% dividend is worth the risk plus I take a long term view with holdings.
The Times pretty much calls it the same as me today:
https://www.thetimes.co.uk/article/put-tesco-into-your-basket-of-stocks-rs803p0gt
In reply to Wayne1976 - I understand that if company buys back shares then number of shares they have to pay a dividend of day 4% on reduces aka liability.
If you have debt that’s costing you say 1% (another liability) then it makes sense to close down the liability that costs you 4%.
Plugging pension hole with money you can invest for better returns than it costs you to plug hole e via continued debt also makes sense.
Well that’s my view on it anyway.
I always remember when I had a tracker mortgage and it’s rate of interest went down to .5% (1/2%).
I had £100k to pay off debt, however I left money invested paying me 3% at the time.
Mortgage was paid off scales tipped the other way.
Owl85
Ive put a note in diary Sp drops on result many thanks for info, ive sold out now n kept profit in shares + dividends , "Every little helps" , as they state in ads Gla
Just back in here for divvy, results, solid stock.
Agreed 2. The only fly in the ointment that I could see was if somehow TSCO entered the bidding for Boots. But I can't think their management could be so stupid as to involve themselves with such a flee-ridden dog.
Agreed.
A reasonable dividend and relatively safe defensive stock are attractive in these times.
Top up and forget
I've taken the opportunity to top-up this morning. My belief is that the company has taken steps to make its retail side more streamlined and food retailers have the ability to effectively pass inflationary costs through the chain. They squeeze suppliers while at the same time raising their sales prices in what might be described as 'the fog of war'. I have many years of personal experience on the supply side and of course, I buy food and drink like everyone else. Quite surprised at the level of rises in Aldi - which is good for Tesco; we've established the point at which the so-called discounters can no longer undercut the old-guard supermarkets. Also, margins tend to be higher on own label products, so again there is an opportunity to maintain overall profits. I think trading statements have to be both prudent and modest. Any celebratory comments immediately attract bad press, which then needs to be explained and defended.
What’s the benefit of a share buyback scheme instead of paying off pension defect or company debt? Asking for a friend… having seen the share price hit 300p recently it’s disappointing to see the movement over the past fortnight. Would we expect to see the price rise again as the buy backs continue?
Sp is going to go down due to inflation. Whole market is going down...
Share buy back is excuted by a selected commercial bank and they buy at prudent prices aka as low as possible.
I think as I have stated on a different thread that these are are a brilliant set of results. Tesco had the size and ability to ride out the headwinds. The outlook is pessimistic but I think it’s being over cautious due to events that happens many years ago.
I bought a another chunk of shares this morning and I will either take a quick flip on this chunk or leave them as a long term investment. Dividend is still very healthy.
Main buy ins for me were approx 30 months ago between 218p and 228p.
Sid
I believe they are limited to buying back a maximum of 20% of the day's volume. Market rules as opposed to Tesco rule.
Is the company able to take advantage of this drop in share price to buy back shares? or is there a set way of doing that?
I know everything on the stock market is a gamble,but usually leading up to Record date for dividends about this time those that want to have that didvidend start to look at shares this far away from the rec date or so its seems , I know not everyone wants the divi and sells just before to sell at its possible high point , Can this drop only encourage more investors ? and those that already invested to invest more , funds permitting of course .
I have bought in just over a 30 months ago between 218p and 228p.
Just bought a few more at 256p and I will flip a quick profit on these if they bounce back over next 2 to 3 weeks or hold regardless.
The business looks healthy and has the size to ride out headwinds.
Share buy back of £750 million and large increases in dividend shows confidence.
An annual tradition on results day irrespective of numbers, it'll more then likely come back over the next week or two. All in my opinion as ever.
Seems to be a market overreaction on results , traders piling in now Gla
Outlook, profits likely to fall?
The results from Ken Murphy look good to me, I don't understand this drop, any logical explanation please?
For financial 2023, Tesco is guiding for retail adjusted operating profit between GBP2.4 billion and GBP2.6 billion - which is below the GBP2.65 billion registered in financial 2022. It gave the guidance "in the form of a wider than usual range" to reflect the uncertainties facing the business, such as inflation and normalising customer behaviour.
you are right 10p down , now
Expect up then down. JJ
Couldn’t have hoped for anymore. Down we go:)
i am on my second cup and coffee was bought from TESCO , lol ,very good results
On the face of it, that's a strong set of results, sales up, market share up, profit up, debt down, divi up.. will have a bit more of an in-depth look at them. Interesting to see if the market agrees in just under an hour.