The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Ccc
He's a wum, end of.
No need to spend 10 minutes replying to him/her.
With respect eccles why don't you run along and give your valuable time posting your comments on the boards you believe are better value than Tesco.
Canny investors have funds in high, moderate and low risk companies, i see Tesco as a low risk and therefore relatively safe investment, i have high risk shares as well giving a better yield in return, but they come with keeping a very close eye at all times.
It sound like your a bit bitter of Tesco for an unknown reason, you have repeatedly graced us with your expertise on better pastures other than Tesco, so as i said give your views to those and leave us to enjoy our tesco investment which has certainly delivered in both it's company results and therefore it;s share price over the past months.
Tesco shares are not "great value" with a 4% yield or rather 3.67% as it was today. There are many other shares offering significantly better value - I have at least one that is paying around 7% and a number of others paying better than 5.
It's back continuing it's march north now.
Three days in a row, Tsco surrendered ground, 0inspite of excellent trading announcement.
Three days in a row, TSCO's SP lost ground, despite excellent trading announcement.
It is like that when you hear all those peeps at the checkout with customers paying their tesco bill.. Lovely sounds, wife says I need sectioned though.
Tesco shares down after trading results. Well the markets down today. Tesco shares are great value with around 4% Dividend yield, I will buy them more on the dips as they are a solid defensive play. Also, Tesco Bank sale is imminent and the shares should lift up with an announcement due soon. The chat HSBC is looking to buy Tesco Bank. Hats Off to Tesco Management for delivering sparkling trading results with two profit upgrades in space of 4 months !
I should think so ,the a mount of money i have spent in tesco ,lol
If you were valuing tesco without knowing the history and current sp, I think most investors would pin a number way in excess of £3. A stable company making in excess of 10% of market cap in profit per year. Under appreciated IMO.
Well done TSCO, very impressed. JJ
Tesco Again: Trading Results Great !! Jefferies Broker, better than they predicted on £2 Billions Cash Flow. Everything else bang on what they predicted. Tesco shares should go up hopefully. LONDON (Reuters) -Tesco, Britain's biggest retailer, on Thursday upgraded its profit outlook for the second time in four months as it reported a better-than-expected rise in underlying UK sales for the key Christmas trading period.
The supermarket group, which has a near 28% share of Britain's grocery market, said it now expected a year to end-February 2024 retail adjusted operating profit, its key profit figure, of 2.75 billion pounds ($3.5 billion) versus the 2.49 billion pounds made in 2022/23.
It was previously forecasting 2.6-2.7 billion pounds.
"Our continued investments across the full breadth of our customer offer have resulted in a stronger trading performance than anticipated," Tesco (LON:TSCO) said.
It said UK like-for-like sales rose 6.8% over the six weeks to Jan. 6 and were up 7.9% in its third quarter to Nov. 25, having been up 8.4% in the second quarter.
Guidance upgraded a little.
Hopefully there'll be a better response that Sainsbury's yesterday.
When are the bids for the banking arm due?
17 Million Shares Buy After 17:00 Today. Totally overblown Tesco shares sell off today. Tesco Christmas Trading numbers out tomorrow. So why the big sell off ? Yeah sell off Sainsbury’s shares as they got a problem with Argos sales not growing much. Just market makers shaking the tree to push Tesco shares down so that larger investors pick them up on the cheap.
TESCO Undervalued Says Jeffries American Banks Broker. They say P/E 12 Substantially Undervalues Tesco Shares. Upside 450 pence, Limited Downside 280 pence. Huge Cash Flow with 4% Dividend Yield. They may be looking to upgrade Tesco year end forecasts. Then if TESCO BANK sale, HSBC whispers to buy. Shares going to lift up. Today worries about Christmas general retail sales knocks most retailers. However me thinks Tesco should do ok as value every little helps means retail price cuts for customers, higher Tesco sales volumes & Tesco likely to preserve benchmark profit margins too. Against Sainsbury’s, Tesco shares lagging so time for a catch up !
17 years ago the market cap was about £33 Billion - currently only about £21 Billion
2007 profits were about £2.6 Billion - should expect a similar figure for 2023
V1
The Tesco bank sale will be priced in when the value level of bids are put in and one accepted.
Re the sale of the banking division. Is it priced in aready or yet to be?
E_L noted thanks, any idea about the time scales involved? and are Barclays still the front-runner?
Don't forget Tesco Bank will be sold, probably be getting a capital return at some point.
Jimjam sorry, you could be right but since gifting your shares the vote is invalid as the saying goes 'You can't have your cake and eat it'... Tesco might get a price hike on selling their bank if they end up in a bidding war for their banking assets meanwhile RR might get SMR contract(s) in the spring to maintain the government's transitions towards renewables it's a two-horse race at the end moment! Likewise good luck with your investments
Yes well I hear what you say LTI but Tesco is just a grocery shop not a Hi tech outfit which if anything has shrunk a tad recently
Good to see this level once more after making a sale at about the current price a couple of years ago.
E04
''I can hardly believe that folks are paying these prices for such a paltry dividend''
A bit of a silly statement. It is not all about the level of a dividend.
I did very well from an investment in APPLE paying zero or very little dividend - currently yielding about 0.5%
I can hardly believe that folks are paying these prices for such a paltry dividend, can someone please explain.
Svend, Rolls because they benefit from wars. I gave my Rolls shares to a charity. Good luck with all your investments. JJ