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So next week is the full year results,
Clueless as a dot com manager with 27 years experience and insight to the weekly yearly revenues how is your store going ?
Also I recall you chortle over my Rolls Royce shares awhile back there doing ok thank you along with , gaming realms; , avivva , imperial tobacco, fevertree,rank,boohoo, playtech,marks and spender, ( up 40% now!)sosander, man group,batm,BT,Japanese small cap fund,
Micro focus, Savannah resources ( just) glencore( sold now but a good 17%) tui (small loss admittedly)
Shares in the red, metal tiger , petrofac , FLWT ( cannabis etf ) ( £250 in total)
Bagged 1k from Argo
So my HL account started last year made 2.5k I’ve added another 3k already this year so 5k from 15 isn’t bad , etouro im up £400 on £3k since February after losing £500 in two weeks “ dangerous game leveraging but highly recommended with a portion of your 50k of Tesco funds” Tesco’s is well Tesco’s it’s defensive with a good yeild but you need to diversify a bit .
And not just in Rolls Royce my friend , ps how’s your 10k at an average £2.94 going current price is £1.10 ouch! I hope it comes back for you may take a while after their rights issue ,
Well I’ve got a 379k mortgage to chip away at and Tesco’s ain’t going to pay for it in a hurry so I do what I’ve done for years which is trade , I made more last year than I earns at Tesco! 1st time mind
We’re here to learn off each other look for advice here how companies work from insiders to paint a picture of a company good or bad ,
Etouro is good as you can see what other people are invested in what day time price they entered the trade ! No bull s*it of I’ve bought 25k here 20k here ,
More importantly get ideas, as were all here to do one thing make some cash, ! XXX
Ratty here :-) it took them 3weeks but they finally removed the poor things decomposed body . . X
Very pleased to see the rise today might we just see 240 area by results day I wonder . ?
Good upward trend at the start of the new financial year.
I will be a little disappointed in a 7p + final dividend isn't announced next week.
Have to agree. Fresh produce at the German markets are stored without care. They are tasked to replenish displays within a timeframe but also covering checkouts. Their staff always seem stressed and rushed.
I see the share price is starting to climb back to the 240s as we approach the results next week. Could be some news in future dividends now that there are 20% fewer shares .
As a house person shopper for a lifetime, I agree, Tesco is extremely competitive on everything but particularly fruit and veg. Our Aldi is downright dreary with all the produce so tightly packaged you cant see it. Lidl hasnt got the range. And I love our Tesco superstore...much prefer it to the slightly smaller original Kings Lynn Tesco.
I hope Biden hits the FANNG mob hard with fair and proper taxation, they've got away with murder for years,especially with Ginger balls. Now with the true extent of pandemic costs known and the Tech super profits, they should now pay an equitable share - country debts worldwide too high - not to tap into to these tax jokers. GLA.
No pun intended but they seem "Boxed in". Attempts at expansion beyond their market share into other countries or industries, eg banking seem to have gone wrong. So, they need to be the best in niche, i.e. grocery. Also consider it's not just Aldi/Lidl that's a threat but Ocado/Amazon. The technology of one has allowed diversification into becoming a tech company and massively streamlining the efficiencies of competitors to TSCO. The other is already a tech company with massive and successful diversification about to head into the TSCO markets a nibble at a time.
I shall take profit if we do get to the £3 mark and reduce holdings by 75%.
‘Offset some of the additional staff costs’....
DT
Yes the extra wage costs will be reflected in the balance sheet and hope the cost savings in other areas of the business this year helps to offset the additional staff needed.
Thanks Panderman
Leas - although I agree with you on the online costs and scrapping of building distribution hubs I do think that there has been a significant payroll costs in the form of paying full sick pay for all colleagues off sick with COVID to the employment of up to 50k new temp staff to cover shortages. The stores have had social distancing equipment installed (screens etc..) at a significant cost across the entire estate. Then there is the drag on profits of the bank and the lower profit margin of online sales. I think Tesco results will be the strongest in their sector but I just know there have been huge costs incurred throughout the year that will pull back some of the sales growth.
Agree Leas, results next Wed 14th.
DT
Gearing costs towards improving online sales to meet capacity is now absorbed by the business. Also expected costs of building distribution hubs will no longer be a possibility as it is accepted that those larger stores have been the most efficient way of supplying customers.
I have to say having spent almost a year now in the U.K. I do think that if you’re a Clubcard holder and take advantages of their offers then TSCO beats the German competitors hands down.
Maybe a biased view but the quality of their fresh produce is much better at TSCO with a much better organic range.
Easter 2021 landed Tesco with treats of Golden Eggs sales which increased in the UK by £ 150m compared to last season.
Panderman
Do you have a link to the article on this growth number?
Expecting strong results next week in context to what has been an expensive year of increased costs
FWIW I expect it to soon exceed the pre Special dividend price.
Sales growth up 4.6%, that'll do for me, topping up.
A rat reports a rat maybe change your name to the rat barron.
Thanks very much Gary.
88 - Just google "Dividend max" & search on the site for TSCO. In answer to your query the nest results are on 14 April, XD is on 13 May & the pay date is on 18 June. As for dividend predictions its anyone guess but we will know on 14 April.
Hi there ...can someone tell when the next ex dividend and record date is for the tesco share.Also are there any dividend predictions....thank you very much.
apologies, should 'proof read' my posts before posting from my phone but I'm sure you understand my point in making comparisons over a period of time.
Lakcaj
From memory it did at one point exceed £4 as it was the go to defensive company when the market was in a period of correction. You also have to remember that up until the accounting scandal they were paying a healthy dividend in over 20 of those years.
If I had bought at 103p in 1995 and held throughout then as an investor I would be happy. By the way in 1995 I held Electronic Boutique which I originally bought at £0.002p and sold at £1.36p when they had evolved into GAME. I used the profits to pay off my mortgage and buy some HMV shares that went into administration not long after.
Taking the rough with the smooth. HMV at the time was paying a healthy dividend to attract investors to a struggling business. TSCO is one of the few ftse 100 companies that more than covers it's yield and seem to be in the process of selling off part of their retail businesses overseas that are struggling to either make a profit or indeed making a loss.
New CFO appointed which should see further cost cutting exercises and growth in the online business.
Last year analysts thought that the 4 large supermarkets will have to big start up costs in leasing or building super
hubs for online distribution but now concede supplying the demand is much more efficient supply customers straight from stock in the larger stores. This pandemic has convinced them this is the most efficient way of meeting the demand.
I’m just trying to put across in 1995 it was £1.03, in 2021 £2.27, a rise of £1.24 in 26 years.
Lakcaj
Agreed, Tesco is a boring share. It is meant to be. It is meant to hold its value, to grow as the business grows, to provide dividend income. It is not there to entertain you. That is what an Xbox or Playstation is for.