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being a novice i am totally confused.
why have the shares gone down and not up??
You called it right Owl - could see the big sells earlier in the week ready for the drop today. Long term the business looks in really good shape - looking forward to a good divi payment at year end
As predicted.. good set of figures, expected to beat upper range of profit forecast for FY, SP drops.
In equity markets, supermarket chain Tesco lifted annual profits guidance after better-than-expected third-quarter and Christmas sales.
The company said it now expected retail operating profit to be slightly above the top-end of previous £2.5bn - £2.6bn guidance, and forecast bank operating profit to be between £160m - £200m, due to the effect of more favourable economic forecasts on its provision for expected credit losses.
Lots to impress in the results; TSCO is showing the way to others. Could Amazon be tempted to buy? JJ
Another strongly profitable Q3 and Christmas period. Online sales still very high, Booker profits flying, ye profits look like exceeding expectations yet again.
All very satisfactory.
Sainsbury’s results today were good and I’d expect Tesco to outshine them tomorrow. I sold some SBRY and added to my holding here. This should break £3 and hopefully we’ll get close to broker targets this year… (although brokers targets are generally way off!)
Good write up in the Telegraph, Tescos a buy. I agree I have been accumulating, the rising interest rates are going to see a flight to quality IMO.
I doubt the results will be bad, but TSCO does have a bit of a track record of dropping on results irrespective of how good the results are. Might be a bit of that.
A massive amount of sells going through today V's buys (24m sells, 3m buys) - wonder if some news has leaked about the Xmas results?
It sounds a lot built with over 7bn in circulation the effect will be minimal unless it's sustained for a considerable period in terms of total shares. What it does do is give a steady demand for them from TSCO itself which will in turn help the share price while they are doing it.
The prospects for the sp are improving by the day IMHO. JJ
In today’s news section ;
GOLDMAN SACHS RAISES TESCO PRICE TARGET TO 340 (335) PENCE - 'BUY'
I'd still be way underwater at £3.75...
Fewer shares in circulation now. JJ
Just checked, previous time it broke above 375 was May 2013 for reference.
I think 375 is easily achievable this year. It's been slowly but steadily rising for a considerable time now based on a stronger performance by the business.
Tesco still gaining market share.
I think once the 300p barrier is broken then next target for me is 325p by Easter.
in 2022. JJ
A lot has changed in the company since the days of attempting world domination to be fair, I strongly doubt there's anyone left at senior level from that era.
A decent management would not have tried it in the first place.
(may I add the caveat of that being based on no unsolicited takeover offer or the like coming out of nowhere)
It looks bullish and has done for a while, albeit it moves more akin to a tortoise than a bull. As someone with a sizeable holding of TSCO, I'd love to see 566p, but I'd say that's a little on the ambitious side.
I'm not seeing £5+, but definitely expecting 350p.
Obviously got to get into the 300's first. Hopefully a good trading update soon and then onwards and upwards.
GLA
eccles04 - If it ain't working why should management spend energy on trying to fix it may be they are better off without it and management can focus on sharpening on where it matters i.e. Beat the competition at the end of the day that's where the real value lies and they are still susceptible of a takeover since the current valuations in the general UK market are at historic discounts compared with the USA. Just look at what happened to ASDA and recently Morrisons this leaves Sainsbury a sitting target too..