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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..
@Owl85 good stuff...hope it continues!
Didn't know that "schoolboys" invested in shares. Anyway, I am well able to read a Balance Sheet and P & L account and am not impressed with TSCO's recent offerings plus having to sell off some businesses which they are unable to operate successfully does not speak well for the management team.
eccles
Don’t make the schoolboy error of thinking a high yielding share is a reflection of how well a company is doing. Over the years many companies have been paying dividends they cannot afford. HMV DEBS to name but 2 that went bust nit long after paying double figure%.
The way inflation is going up I cannot see any company outpacing the rise.
Completely beyond my understanding why an average sort of grocery shop producing a yield of less than the inflation rate should show such an increase in share SP.
@Millcottage - Since June the SP has been accumulated from £ 2.20 to £ 2.90 - Fib 0.618 is @ £ 355 and 1.0 is @ £ 4.77 It would seem a target of £ 5.66 further out is not unrealistic given their increased market share and reduction in the share capital base as a result of managements prudent buyback schemes which currently are ongoing well into 2022 plus a 3%+ Dividend while awaiting.. IMO GLA DYOR
too complimicated for me i thinks.
£5.66 a share?
https://uk.finance.yahoo.com/news/tesco-plc-lon-tsco-trading-123454093.html?guccounter=1
@Rubbyw Agree on a review if/when the SP comes closer to the Fib 0.618 @ around 350p @Leas ''One and all have a safe and prosperous New Year, not forgetting health is more important than wealth!'' - I'll second that ??
Was hoping to be above 300p by the New Year but the slow and steady climb from the last 12 months convinces me that there is no reason for the trend to change. I’m guessing that the current private shareholders are happy to keep their investment here and of course keep collecting the dividends.
On paper TSCO has kept my pf in profit after taking a hit with a gold miner and very much hope fellow investors are showing a profit too.
One and all have a safe and prosperous New Year, not forgetting health is more important than wealth!
leas