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Wonder if it uses Amazon technology?
The whole reason Amazon opened/trailed demo stores was to showcase the tech. I read it’s a 100 billion market they can sell into.
It is latest retail giant to open a store where checkouts are replaced by high-tech cameras designed to track the items shoppers place in their baskets.
The firm’s high street store trial, which it has called GetGo, launches in High Holborn in London on Tuesday.
https://www.manchestereveningnews.co.uk/news/uk-news/tesco-shares-plans-rid-checkouts-21896919
The good news is.......
Tesco shares plans to get rid of checkouts in supermarkets - meaning shoppers won't have to queue for tills
Amazing - expected the buyback to take much longer. Must be expecting good news for TSCO.A clear indication the share price is expected to rise by a significant amount. £3 here we come. JJ
Gazzle
Same here, got two on the go already, am a little ambivalent about this one.. will it continue to rise and make a bit of cash, or will it just be an exercise in putting money into an electronic piggy bank for the next three or five years?
Got a couple of weeks to make my mind up I guess.
As said below, 10% discount, and no tax saving, also you don't get any divs. However it isd a free bet on the stock market so if you were going to save a cash ammount every month it is a no brainer to put that ammount into the save as you earn. You either win or draw. interest rates so low there is no real oportunity cost cash wise. My one from 3 years ago is about to mature and will be a very nice increase.
Morning. I agree, but Tesco now only give a 10% discount on the Share Option Price, this reduced some years back, and with Save as you Earn there is no tax saving. The tax saving is with the Buy as you Earn scheme. Savings into Save as you Earn are always safe and like you say you get your money back at the end if the Shares have dropped in price. Despite not being quite as good as you have said it is still a very worth while punt.
Always take advantage of a SAYE scheme. 20% discount on shares plus some tax relief is a no brainier. Plus, as mentioned if the share price really bombed you get your money back. Plus you’re paying monthly so can budget for it etc. You’ll be surprised how quickly the 3 or 5 year passes. Also some capital gains/dividend advantages if held longer term. Cannot see any disadvantages really.
Bit higher than previous years but it was always going to be after the recent increases. It's calculated by putting a 20% discount on the vwap (average price in laymen's terms) over the last 20 trading days, or something to that effect.
At worst you just get your savings back after three or five years, which is always a useful little aside, but not sure this will be one to make mega bucks on like a few in years gone by. As ever just my opinion.
We got our 2.2% first offer on the table and as usdaw don’t give us the chance to vote on our pay rise that’s that!.. where as the depots our covered by the unite union , Tesco did crow that were paid 5p above the real living wage , I did reply to my manager I will skip to the milk section and get my 4 pints of milk with that “chuckle”
So with inflation running at 4.8 we’ve had a pay cut, also we’re paid less than Morrison’s shop floor staff by about 40p now,
Gunner22, you never noted that HGV drivers like myself were only offered the same pay reward as we are tied into the same wage negotiations. People think hgv drivers are all getting fabulous money now but not at Tesco take it from me, without masses of overtime the money is not good at all:-(
Dont forget if shop staff didnt empty the trucks at the shops and put the stock out Tesco wouldnt have a business are the shop workers getting a pay rise
This is a vicious circle once one set of workers want a pay rise it becomes a knock on affect around a business
Hi Gunner22, I am totally up for everybody getting the pay reward increases that they deserve and hope for all of us that this gets sorted quickly. You guys have been keeping the business on the up over theses very difficult times so here is to a positive outcome.
Gunner I guess that's not unusual. Workers wanting more pay and TSCO trying to protect their margins. The job vacancies out there make it advantageous to the worker so no doubt a solution will be found before distribution is hit. Employees Pensions are linked to sp performance so some long term workers will have to look at the bigger picture too.
I work for Tesco in a Distribution Centre and 3 mths ago Tesco offered a £0.22p ph wage increase to the workers that was rejected by 97% of the workers in 6 DC's, Tesco came back with £0.37p offer which was again rejected, so now its went to industrial action, so that 6 depos, Tesco could be hit with supply issues in the next coming mths, just saying.....
Hi if you press the large blue tab that says more information it will come up with the financial diary if you need to fine out any more divi days
Forgot about it my self until someone reminded me a few weeks back
thanks very nice eh
Yes 3.2p payable on 26thNovember ex divi 14th October.
hi is there another dividend payment this year?
Having just read through Tesco Share News above it does seem that we are in a strong position within the sector and was wondering if we can take market share going ahead pre Christmas if we can maintain our supply chains. It was interesting to read that Morrisons lost some market share during the same period as did Sainsburys and only Lidl had a marginal increase. Things do look uncertain economically over the coming months but I would rather be with a company that has strength in the areas that matter. Lets hope this protects the sp going forward. DYOR and GLA.
MillCottage
I agree weakness in sp is more than likely supply issues. However, TSCO are probably best positioned to not be as hard hit as its competitors. However, consumers budget and if their monthly shopping bill is £600 then they will still spend that amount. I think inflationary pressure is probably the main concern as the Christmas period approaches and maybe the buyback strategy is sensible during this period.
I agree.
Having pension black hole plugged removes that liability problem and draw on profits in the future.
Slight dip this morning with Sainsbury also down by same amount. I th9nk this is due to the nervousness with supply chain issues after ONS report saying 1 in 6 had struggled to buy essentials in last few weeks.
If they go sub 270p then a good buying opportunity for a 10% gain when shares hit 300p plus in next few months.
Pension deficit now only just over 400 million companies in great shape shares cheap still Tesco has finally turned the corner and really going to deliver for shareholders now 3 quid plus soon
I still believe the move to not pay off the entire pension deficit was a strategic one, to fend off any potential bidders. Then use profits on an ongoing basis to maintain/slowly pay it off.
Ken Murphy came out and denied that the buyback was a move to defend against a takeover attempt but I still feel it's at the back of their minds with what has happened to two of their major competitors in the last twelve months.
I will take this opportunity to say that while I have stated on here before that I have worked for TSCO for many years, I work nowhere near anyone who will be making those kinds of decisions and what is said above is purely my opinion. Just for clarity's sake.
Gad
Would someone with a £100,000 mortgage who inherited a £100,000 necessarily pay off all of their mortgage. I wouldn't in that situation,if I was only paying a 1.5% mortgage interest rate.