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Lots of LARGE sells after market closed yesterday
12-May-21 17:53:43 227.176 141,559 Sell* 227.65 227.80 321.59k O
12-May-21 17:39:07 227.141 880 Sell* 227.65 227.80 1,999 O
12-May-21 17:31:30 227.35 7,022 Sell* 227.65 227.80 15.96k O
12-May-21 17:20:27 227.35 92,616 Sell* 227.65 227.80 210.56k O
12-May-21 17:23:50 227.35 121,691 Sell* 227.65 227.80 276.66k O
12-May-21 17:23:47 227.35 41,678 Sell* 227.65 227.80 94.75k O
12-May-21 17:25:53 227.35 4,902 Sell* 227.65 227.80 11.14k
300 sp before 20% special div and consolidation of nearly 20% would mean 240 is the fair value but that assumes the sp wasn't already trading at inflated prices because of the special div. The price was comfortably sitting at 260 before that so by that measure fair value would be 208. Not taking into account year end which was ok but not great. The broker ratings seem to optimistic to me.
Do they ever reach the target price? I think these will struggle to reach 240 .. dividend coming up will push the price down ..
Surely 14 Financial Times analysts aren't wrong?
The 14 analysts offering 12 month price targets for Tesco PLC have a median target of 300.00, with a high estimate of 399.00 and a low estimate of 263.47. The median estimate represents a 34.11% increase from the last price of 223.70.
High
78.4% 399.00
Med
34.1% 300.00
Low
17.8% 263.47
Well yesterday Tesco closed down near -3% down (about the same price as it was ex divi day) and other supermarkets closed down about -0.5% down
And today at 9am 1 hour into markets trading most supermarkets are trading up about 2% and Tesco not even 1% up that's a lot of difference in just one trading day... Tesco should be much much higher today of all days and should not be under 250p.
Not that I'm paranoid but, I think the price is being held down because I chose to invest. Sorry, I should have gone to Sainsbury's instead.
Leas I was thinking the same the share price has been held back for a few months now with only the odd up days since the 11th Feb 21. Today was brutal for the markets and again in particular for Tesco which is doing so much more than it's rivals.
Adding new stores and concessions cutting down on extra lines and going full guns blazing on the home delivery side so some sort of share price manipulation by mm or what, just not sure why the share price dropped so much today that's even with the US Tec sell off and all that
Pret a manger to open in Tesco stores in post pandemic shift
https://www.lse.co.uk/news/TSCO/pret-a-manger-to-open-in-tesco-stores-in-post-pandemic-shift-rd1wadl8kldd8hh.html
Jobs now being advertised for the "New Tesco Supermarket" in Wolverhampton open very soon. Growth is back on agenda
If this share does not rise tomorrow 3 x more then the other supermarkets then someone is messing with the control buttons as the share price today alone has fallen 3 x more than the likes of Sainsburys and 5 x times that of Morrisons total scamming Bxxxxxxd
The small investors are just being played by the professionals again unfortunately
checkricky
sadly we are spectators. The funds are manipulating this and will let it go when they can see an advantage in letting it rise. To me it looks like there is a squeeze on private investors so they can collect their yield at a discount price.
Every Tesco store is busy, money going into the tills, customers queuing to pay for their goods. Online market share improving too and one off costs of covid a thing of the past.
Happy to hold and pick up the dividend. Will probably elect to take shares if it is at this level or below.
Before anyone points out margins etc. I am aware of the fundamentals and also aware of the German discounters.
Well so much for all the big buying going on L2 as the price is down -2% today. What I don't also understand over the last 10 odd days is why Tesco is the biggest faller out of the supermarkets and the smallest riser on any good days. Must of made a good 10% difference between other supermarkets such as Sainsburys and Morrisons over the last 10 days... Looking at others Tesco should be around 245p to 250p as like for like sector moves.....
The buys v sells suggests it should be a bit higher than sp is showing.
Looks like the Tec selloff over night from the US has bought the buyers back in some strong buyers jumping back in. Been a slow few days should get some strong buys as we are getting near ex divi date...
A few big buys and sells today, I guess day traders are happy with today's rise .. I hope this goes to 235 before dividend ..
Yes there is VANITY
I totally disagree.Lewis is probably a holder of a large amount of shares and there is no benefit in the course of action you imply
@JamTart2 "Agree totally."
You know something else has been bugging me about the SD and Consolidation and I just can't square somehow. Gorgous Dave must have had a hand in this and it just doesn't fit with his MO if he had been staying on !
So now i am thinking Alex Ferguson and Manchester United ...secretly you don;t want success for your successor as it tarnishes your brand ? So did Dave P in the Pool ?
Dates to keep in mind
20 May 2021: Ex-dividend date
21 May 2021: Record date
11 June 2021: Dividend Reinvestment Plan Election date
2 July 2021: Dividend payable
Agree totally.
Cannot stress enough the importance of a stocks and shares Isa
All....Thanks for the info and opinions. What is it they say about death and taxes...the only certainties in life?
Yes i do get it we have been here before. Low rates are the root cause of all the problems currently..oh debt is cheap let's load up is total baloney. Intel admitted yesterday they are years behind in technology...been doing buybacks since 2011 for the benefit of directors not investing in the health and future of the business, they are not alone.
The debt obligations are half the market cap...the pension deficit was not completely cleared.
It was called a special dividend(SD) ..IT WAS A SD in NAME ONLY because of the Consolidation.
The SP shows me to be correct this is a lame SP because of the fundamentals. And the fundamentals could have been different.
And one thing that slime Phillip Green was absolutely correct on low rates cause the pension deficits so a smart board would make sure that problem permanently goes away. If Tesco had cleared it and most of it;s debt...it could have borrowed more in the future to expunge future deficits or to make acquisitions...heck to do booker again they wouldhave to grow the debt !
They should never have done the SD and consolidation period
Spindler, you just don't get it. You don't run a business like you run your home. Pension costs were reduced using some of the capital from the recent sales. Paying down debt would have been a stupid strategy in an era of all time low rates (which TSCO have re negotiated)which they can continue to offset tax liabilities.
You would have been better off selling before the ex div date and buying back in and if you'd left it you'd have had more shares than you started with with where the SP has gone. At these levels on a consolidated free float this SP is the equivalent of well sub 2 quid 1.70/1.80 based on the pre consolidation. A debt laden company still with a pension deficit that wil likely grow. A repaid rates rebate on top of increased costs of covid of nearly a billion. The online not being so majorly in demand now we are coming out of the woods, so i guess that's going to need trimming to find it's optimum level.
Way to go BoD ..way to go...
I have said before without all these shennigans you'd all be the proud owners of a debt free company with a SP way above 300p.
All thanks to a Board of Directors and their city chums doing a complicated share consolidation alongside a Special Dividend that effectively cancelled each other out so no share holder benefit except for those who it was actually a tax liability and thereby incurring a loss. The net effect was a return of capital but it wasn't that it was a Special Dividend so taxable if not held in the type of investment wrapper such as a SIPP or an ISA. HMRC are going to follow the rules not make a one off judgement and say hey those poor TSCO holder's didn't actually benefit or will actually be penalised.
Rules is rules and the BoD chose to do this, for whatever mind boggling reason.( I can only think due to some benefit to the BoD.)
Hey they apparently didn't even clear the pension deficit and they have half the market capital in debt liabities.
But hey ho theu did a return of capita via a share consolidation and a special dividend because they couldn;t find any other use for the money...like clearing the pension deficit in full and paying down debt....
What was the incentive to do this for the Board ? Are we back to the bad old days now Gorgeous Dave has scarpered ?
https://www.gov.uk/government/publications/share-reorganisations-company-takeovers-and-capital-gains-tax-hs285-self-assessment-helpsheet/hs285-share-reorganisations-company-takeovers-and-capital-gains-tax-2018
Not sure if this helps, but may be useful generally.
If possible, this is why you want shares in an ISA, as nothing to declare then.