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And enjoy the RNS, good luck to us all. JJ
That’s why I’d didn’t sell at 300p. Wife said do you need the money and they pay a good dividend. Also are analyst still marking as a buy?
So the answers were ;
No, yes, yes .
Re 300p snap myself, was going to offload a bunch of shares out of my buy as you earn (SIP) but decided to hold on as thought the SP stall was down to people selling at the psychological 300p barrier and any rise would continue. No biggie as cash was a 'nice to have' rather than a 'need to have' at the minute.
Historically the SP falls on results, irrespective of how good they are, I expect the same this time, especially with the threat of increased costs putting pressure on margin. Maybe others feel this too.
It's not that bad. Look at the £20m transaction at 09.40. Someone thought £2.72 is a good deal.
I bought about a year and 5 months ago between 218p and 228p , so still in profit at the moment.
However I do regret not selling when they broke through 300p.
Results nearly upon us and we need to keep our fingers crossed. JJ
mMax1, I agree with you that the results are going to be good. However there is a but, in that the message that is given in terms of profitability going forward could be a bit depressing. Fully expecting it will hit the share price.
Fingers crossed that I'm proven wrong. Maybe I'm too old for this game, or maybe a little bit wise. Time will tell. JJ
Disappointed with the slide in the share price this week.
Not bothered as next weeks results will dwarf the 3 main competitors.
Eccles - i'm not sure if that's correct. The latest Kantar market share information saw Tesco slightly growing their market share so that would suggest consumers are still shopping with Tesco and if anything it might be taking sales away from the other 'big 3'. I think if you ask most suppliers the volume and security they get from Tesco outweighs getting paid a day or 2 earlier
Problem is that a lot more folk are going to the discounters because Tesco's prices are rising. They are not much cop at getting decent prices from suppliers because they still take too long to pay - not exactly great management is it.
Possibly, not sure/can't remember with other firms like BP. who have been doing large scale buy backs and what they do leading up to results.
Owl
Could the reason that they have not bought back any share for a month be because they are in the "close season" in front of the results ?
I seem to recall the close season is usually 2 months before figures are announced.
It's interesting to note that there has been no buybacks for nearly a month either.
Not convinced we will see an increase in the dividend. The bod won't want to commit to a rise in the div when investors then expect the same/better at next results. For me we are more likely to see share buy back which can be stopped at anytime if the economy gets a lot worse and its deemed they need the cash for day to day needs. JJ
I think the general consensus is that both sales and profit will be very strong for last year however as we know that is already priced in after the Q3/Xmas update in Jan. My worry is the same as JJ - inflation is causing a major headache to Tesco and this will have to be addressed in the full year results. The warning of how big an impact inflation could have in the forward looking P&L could result in the SP dropping, like it has with other retailers who have delivered a similar message to the market
Results will be exceptional. Increased dividend due to record sales. Buying big this morning
DYOR
Marks & Spencer expected to confirm that joint food delivery venture with Ocado is meeting performance targets, triggering a payment of almost £200m. (Article in Sunday newspapers)
This will give a lot of confidence to possible external partners as Ocado ramps overseas and bodes well for Ocado share price. Nice to hear some good news for a change.
Stocks to buy before the Spring Statement today
Tesco, Bae Systems and Chemring were recommended buys from a article in the telegraph that may react positively to the spring statement.
https://www.telegraph.co.uk/investing/shares/best-stocks-buy-spring-statement-2022/
DYOR
Sorry not a shop floor view, but I have the same sentiment as you. However Tesco is in a stronger position to ride out inflation and supply chap in issues than the other large supermarkets.
Also just read this article that gives a little confidence also.
https://uk.finance.yahoo.com/news/ocado-vs-tesco-share-price-143636586.html?guccounter=1
There is much talk about inflation and food inflation in particular. My view would be that the results will be good but there will be a lot of warnings given which will then cause a further slump in our share price.
What's the view from the shop floor? JJ
????
Try !!! next time as ?? suggests a lack of conviction in your buy. Good luck. JJ
The ?? At end of last post was supposed to be a thumbs up.
Bought more shares at 267p ??.
I built my Tesco share holding up at between 218p and 228p about 13 to, 15 months ago.
With a bear market hitting share price, I think now is a good time to buy again.
Just my opinion.