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Been invested now for several months at an average of 217. Bought as a safe investment that gives a better yield than any bank. I have read hundreds of post on why investing in boring TSCO without any vision should be avoided when there are companies out there that will offer better returns. Outside of the AIM casino I don't see the risk v reward (for me)m the FTSE.
leas - Agree 100 % it sure does the dividend on its own pays and delivers a nice meal.
LTI
:). Enjoy your weekend.
leas
''but it always delivers''
a little late on occasions. but yes it always delivers my groceries.
moniman > fully agree reading the tea leaves expect some turbulence/resistance in the SP towards 265/70p - Fib 61.80% retracement which is also the latest old-time high in 2018 following the 2014 debacle when Warren Buffet abandon the ship and sold out once this level is fully attained again would expect the sideways range to be added i.e. estimated or forecasted target maybe region 300/330p which would bring the sp back on course to get above it's monthly 200 SMA ''IMHO-DYOR''
At today's price of 256p, Tesco still trading at a about 15% discount to SBRY on current P/E basis and about half that of Morrisons, the re-rate will kick in soon I think and SP could sail past 300p in the coming weeks if all things are equal. ADYOR!!!
Patience finally paying off. Turning out to be one of my better decisions to go long here. Not an exciting investment in a company that does what it does but it always delivers. Very little downside or risk here.
Looks like Tesco's turn now after MRW ,M&S and SBRY ,
TSCO share price is three year high today ,nice
Looking like we’re heading towards 300p….
Here comes the kick-off of the long-awaited re-ratings of the sector, first out the gate is:
JEFFERIES RAISES TESCO PRICE TARGET TO 330 (310) PENCE - 'BUY'
Everything has a price.Personally from being in a likely position to sell when/if it reached £2.50 i will now hold and see what happens.Only got 15000 shares but might be a decent takeover price were it to happen
it depends if someone puts a bid in for Tesco, then it would possibly start in the 500's ?
Any chance to see Tesco back to around the £3 mark? I might be tempted to sell some if we reach that, until then holding
WIX
Brokers think even the likes of Tesco could get taken out by private equity…….
https://www.thegrocer.co.uk/the-grocer-blog-daily-bread/apollos-bid-for-sainsburys-may-be-speculation-but-uk-grocers-remain-attractive-investments/659174.article
barchid > agree SP shall fly a long way north fasten seatbelts along with RR who is just waiting for permission for the US long haul routes flights to reopen and SP sitting on the runway more or less on standby and ready for take-off IMO
JJ/moniman > fully agree I heard that as well once these deals (Morrisons/Sainburry) are consumed/gone then Tesco could be the last major public listed supermarket in the UK i.e. a mini COSTCO since ASDA was taken private by Wallmart a while back, interesting changes times ahead but UK PLC's are hot sizzlers at the moment from overseas investors now with some clarity following brexit.
Just sold some of my Sainsbury shares.
I am hoping that the Tesco valuation will be dragged up as well to a more realistic level.
We’ll no surprises there then. Some people should set them self so high on a pedestal?
https://apple.news/AnyfhJUriRjiuW4SsntIMzA
barchid
Have to agree. After another couple of dividend payments the yield will give me a free ride here. A few posters 'missing in action# now. Only seem to offer advice when the sp is lower.
Leas
Certainly reassuring to see it up here after all the shenannigans with its capital reduction etc.
To me 250p ish is justified on valuatons alone, but with the wall of VC cash coming in for the sector, who knows what might happen ?
Happy to sit down, strap in & hopefully enjoy the ride.
Bookers is the area to look at in 6 months time, I suspect, after a decent run of hospitality being fully open we hope, as with labour shortages in the industry Bookers should benefit strongly.
Certainly trading at a discount to the other big supermarkets. If it can break and hold at this level then I can see a rerate for TSCO irrespective of any thing else going on in this sector.
Interesting times; surely we ought to see TSCO at 260/270p this week. JJ
It appears Sainsbury’s are next in the firing line..I think possible big re rate coming for Tesco as appears to be priced at a massive discount to Morrison’s ans Sainsbury’s.
Everything is for sale including Tesco and MP’s, just ask a certain ex prime minister or two!