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Svend, it has not been "on a constant rise" you only need to look back at the 3 & 6 month charts.
Lets not exaggerate. JJ
Correction ''Eccles04 the SP has been on a constant rise for 20 consecutive weeks with lower highs''
*Higher Lows 😉
Anyways, don't argue with Eccles. He used to be in the financial services industry. He refilled the change machines at Corrigan's Amusement Arcades for 50 odd years.
He's talking about people like Warren Buffet. That geezer hasn't got a clue.
Sounds impressive Eccles.
What is the company you refer to?
Would be good to know which one it is so I can evaluate risk etc.
Correct, the mainstay of my portfolio has dividends yeilding double that of Tesco for at least the last five years. My son had some tsco for a while but I soon got him on the right track.
Eccles
"It's easy to get significantly better yields than this share is offering which has to mean that the current SP is the result of people buying who don't know what they are doing."
You're right, I'm absolutely clueless.
I have an average of 223p and I've been picking up excellent dividends for years.
Income and growth.
I sure know how to pick a lemon !!
Eccles04 the SP has been on a constant rise for 20 consecutive weeks with lower highs culminating in an SP of close to £ 300 from £ 250 and you are peddling other (unnamed) share offers with far more yield against the backdrop of a share price appreciation and rising EPS/dividend.. Dont know who your teachers were but to come on here and lecture us on investments may I politely suggest you revisit your mentor and ask for a full refund? 😉
BTW The tea leaves gave a big clue back in April 2018 when the weekly 200 SMA was broken and then followed by the breakout above 250 which was a large resistance on the way towards the next major resistance points @ around 350/400
Another large wholesaler purchase like the previous CEO would escalate this share beyond £3.00
We can all dream.
My view is that it has been undervalued for a considerable time due to a hangover of a lack of confidence in the co from previous leadership (ie Phil Clarke days and the accounting scandal all them years ago). That combined with share buyback, improved profitability and it holding the majority of its market share in the face of attack from discounters, at the expense of Morrisons and Asda, means it's value is rising.
It's easy to get significantly better yields than this share is offering which has to mean that the current SP is the result of people buying who don't know what they are doing.
Owl85 Yes the trading update is out on Friday 11 Jan and hopefully the banks can master to overload the trolley above £ 1.5b for starters.
A nice bidding war for the Bank would certainly help things along.
As reported on BBC News this morning, it looks like tsco will have a good chance of reporting a bumper Christmas too.
Https://news.sky.com/story/hsbc-joins-ranks-of-suitors-for-tesco-banking-arm-13040879
I've got my popcorn and my feet up.
5%......gla.
Christmas trading update could potentially send the SP higher.
Banking arm being sold, probably.
2024 could be a corker.
£3 would be nice for crimbo
After a few attempts tsco looks to have broken 285.. onwards and upwards.
Sv
give it a f ing rest
Keep it simple let the chart show you the price adjusted after dividends.
Sv
so factoring in the 2022 and 2023 buybacks the current price is even more than 20p per share off of the Jan 2022 price, but no need for that, as most investors like to keep it simple, like keeping a record of their capital cost in comparison to a share price at any given time and a separate record of income received (myself included) .
LTI
Agree those are the BB numbers I gave you earlier are colossal long may they last and the EPS is going north.
Sv
''Here is a breakdown of Tesco's share buyback spending over the past three years:''
2023: £1.4 billion
2022: £1.6 billion
2021: £1.1 billion
If these amounts are correct then with a current market cap of about £20 Billion, the relative increase in share price that these buybacks have made are substantial.
LTI
Agree The Tesco share price is NOT at a 10-year high including share consolidation/Dividends ..
The tea leaf readers are probably seeing a potential break out from a cup and handle setup which has formed during the past 22 months visible on both monthly/weekly charts if you are into reading technical analysis please share your views.
Sv
I am afraid that adding years of dividend payments onto a share price to get a notional share price does not wash with investors.
We have also had a share consolidation in 2021.
We have also had many millions of shares bought back and cancelled which has increased the relative price per share.
The Tesco share price is NOT at a 10 year high.
The share price is currently 20p lower than that of Jan 2022.