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No value is probably about right at present. They are still losing market share to discounters, etc., and there are lots of places where one can get better than 5%
Welcome Tradesetter, this stock is undervalued, the reason for the share drop was due to the special divi, however because tesco did a share consolidation which means less shares in circulation post the special divi, the share price should be around 3 pound mark rather than the drop we have seen here. even with the provision for brexit, this share is still too low. another thing that people worry is inflation but historically inflation have been good for Supermarket. I would expect we will be going back to 3 pound in a few month time. In the means time we get over 5% which is better than putting money in the bank.
Newbie shareholder here folks, hoping for some great results coming up. I was surprised to see so few major shareholders and so few major shareholding RNSs.....Unless I have missed something or misread something?
https://www.retailgazette.co.uk/blog/2020/12/asda-owners-line-up-adviser-to-sell-off-logistics-portfolio/
The brothers are looking to raise between 1 and 1.2 billion from the sale of the logistics arm so going forward their employees will all be shop staff. Just my opinion but they will then be looking at selling off some of their property portfolio to developers and only keep the highly profitable stores and claw back some of the 5 billion they paid to buy the company.
Gunner
My understanding was the court did not rule in favour pf the shop staff but conceded the point that they could pursue a claim if both roles were equal in skills. Maybe a LSE member who has knowledge of distribution could post their thoughts but I am sure that both parties could argue that their skill set is equal if not better.
No denying the implications financially could be high but it will be difficult for the Asda Staff to convince a judge to rule in their favour unless there is clear evidence that shop floor staff receive more training. As you said, this could take years to resolve and Asda have just been taken over by a syndicate headed by 2 brothers that will more than likely asset strip the company before it reaches and conclusion in the courts.
Gunner, Asda will probably manage a work around by not offering a pay rise next year. Don't forget that Asda told their staff a couple of years ago to sign new contracts or lose their jobs and although the staff are supported by the GMB union there's not enough employee members to really force the issue.
With the news from ASDA shop staff and the supreme court ruling that ASDA need to make some changes the way the pay shop staff and there could be back pay owed, how is this going to affect the Tesco share price, Tesco employ 320,000 staff and about 60,000 are distribution, if ASDA are told they need to pay back pay, then im sure Tesco shop staff will jump on this too?
Obviously this will be in a few yrs?
Eccles
If you have never heard of a company selling a successful business than you have led a very sheltered life. Go onto London Stock Exchange web site and set up a RNS feed for Acquisition RNSs and you will get 2 or 3 a day, about 500 a year. The businesses that are bought are successful, no one willingly buys a dog. Over time a business develops and sometimes there are parts of the busines that no longer fit so they are divested. It is as simple as that.
You're not listening very well, only one of the businesses wasn't profitable .. I'm sure someone is going to put you right on 'a company never selling a successful company'
.. I believe Tesco sold them and also the Polish business to streamline their business, also 2.5 billion was paid into the pension fund .. all this information is available online..
This is starting to resemble a company i invested in a few years back.One individual who claimed not to be invested posted daily,always negative comments.Willing the company to fail.
Buy for 180m sell for 8billion sounds like good financial judgement to me.
Logic, if the businesses were successful, why sell them? I have never heard of any company selling a successful business.
Eccles
Go back to the published circular. It tells you all of the numbers and what will happen. I am not sure where you get the bit about Tesco not being successful. That is a weird interpretation of the facts.
So the shareholders must have been much better off after that ????.. they sold one of the business in the far east was successful the other not so but but the actual amount was £8bn, not bad since they only brought the business originally for£180m ..
They didn't really "make" 5billion rather they sold off the business in Malaysia and Thailand which they couldn't succed with and decided to give the money back to the share holders. It's all in the RNS.
How, did Tesco make 5bn and return it to investors? (without taking it straight back again)
Answer is NO, Fecking no. Appreciate & digest. GLA - I'm enjoying the 3-4p daily swings keeping my LTH in tack. Today £2.269 out +£2.292 HNY
Goinglarge
"Look at the success of B&M"
I wouldn't look too closely.
Eccles
Very true but you have to really sad if you can get the complete week's shop in one journey from Aldi / Lidl. The range is miniscule and downright dangerous for those afflicted with allergies or have strict dietary needs. It Passover, there is nothing in either of those stores. I have no idea as to their use by Muslims or indeed any other religion.
Or delivery your shopping to your door .. I like some things about Lidl but Tesco have looked after me while shielding ..
Lidl do have 'store pullers' and cheaper on some named brands but those brands are limited. Lidl provide masks but at a cost. Hand sanitisers are very rarely replenished and any staff on the shop floor are often too busy to assist customers looking for assistance. Toilets only available at some stores but you have to ask the manager for the key. Hardly dignified if you have a disability.
Tesco have security at the larger stores making sure customers follow Covid guidelines and normally offer masks without charging their customers. Staff, even when occupied will escort you to an isle should you struggle to locate an item. Care is taken when stocking shelves and never throw perishables onto the shelves which is a regular occurrence at both Aldi and Lidl.
You can book a fully inclusive holiday to Turkey for 2 weeks in mid summer for less than £500. Help yourself to the buffet food provided that has ben touched and coughed over by people with poor hygiene standards and then sit by a pool on a sun lounger that has probably only seen a cloth once in a season.
Or you can pay double at a hotel in Turkey on a full board basis and be waited upon at a table, have food served straight from the kitchen and will bring you a clean bed and towel should you want to sunbathe with the option of a parasol if you want to sit in the shade.
Both offer the sun and endless amounts of food but I know which one I would choose.
Fair points.Do Lidl and Aldi have clubcard prices and a 10% discount card.
There are fools there are complete idiots and there are numbskulls. If you buy extra mature cheddar in Tesco made by a famous west country firm you will pay £7.82/kg and this is priced for the numbskulls. If you buy extra mature cheddar in Lidl made by a famous west country firm you will pay £4.48/kg If you buy Carte d'Or ice cream in Tesco you will pay £3.50 per tub and this priced for the numbskulls. The same tub can be had in Lidl for £2.
In addition i would say that a B and M opened near us and after much nagging i went there and was in and out in 3 minutes.Went straight home and jumped in the shower,itching and scratching wondering if i had caught fleas off the people in there,and that was just the staff.
An eye opener to the real problems in this country
Going large,you make a very salient point.I thank god that i am in a position to use Tescoand not have to count the coppers.My own personal view of Lidl and Aldi is they serve a purpose but its good fortune if you can find the same item a week later.
GL
Tesco just grew its market share for the first time , in I think, 5yrs so if anything it seems their response to the pandemic and their agility in growing their online business is actually gaining them new customers and not the other way around