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Correction: will not be buying in(i'm out 100%)
I would have thought Amazon would want a global blueprint not a country by country acquistion with a pre formatted business model hence more likely to build from scratch. I know they bought Wholefoods but that is US and the US is Huge and they can build the model out in the US for roll out elsewhere.
Someone posted this "Looking odds on for a retrace back to 200 territory"
You just know if there is a market correction as lockdown comes to an end, nothing but nothing will stop this going below 200p. As it is the hot money is going into the recovery stocks like TUI et al. After the BS SD(return of Capital not SD) and the BoD pathetic attempt to anchor this around 2.40 to 2.50 range with their share consolidation that went awry. I am reminded of Canutes attempt to hold back the tide the market decides the price not the BoD. And the market sure has put the BoD firmly in their place !
I have firmly lost my faith in the BoD and will buying in unless it retraces too low or suffers as part of a wider correction
Bays
My view institutions that reduced on the run up to the SD in order to avoid tax duties are now returning. The annual yield will be well covered and attractive to funds looking at covering some of their annuity obligations. My current average is now 232 after buying my last tranche just prior to the company going XD.
I was hoping for the sp to stay sub 220 to bring my average down but my next buy will be my 3rd and final investment here.
TSCO in a much better place now than it was a couple of years ago and the management protecting their market share whilst increasing online capacity.
The Sp grew all day friday, first time post SD, even when S&P 500 dropped, I jumped back into ITV thurs after it dropped, thinking TSCO was flat or drop further, cleared some itv midday ish - missed Friday first thing oppo at £2.178. I don't have enough tsco at the mo sub £2.20, SP didn't drop late afternoon as I hoped. See what next week brings. ITV results 9/3 will fully close position then add tesco. I thought with over 50% of Tesco owned by II's and no support so far - it would flag sub £2.20 for longer? Next week will tell. GLA S&P 500 strong finish Friday night, however you can't tell what games they are playing with yields in the US. The fluctuations are wild and concerning. Stim Bill final 14th Mar, if passed. Busy week ahead.
No chance going for Tesco.
More likely take away market share or buy out Morrisons instead.
Tesco price trading range is currently 205-250 maybe £2.70 near term at a stretch. Who knows how high or how low?
Tesco SP (historic)
last over £4 May 2011
over £3 May 2014
low 142 in Jan 2016
struggled around £2 +/- 20p for several years
I am currently a holder.
in
Should be better
Special divi a joke
£3.00 think it would be more than that, unless there was some kind of sale on of course. Should be good for Bookers with things opening up.
found this online it is US but substitute NG for Tesco and it helps to make sense of the split, although it doesnt tell me How to work out gains/losses
https://www.youtube.com/watch?v=AmqU7ZCC5pY
Once a share is dropping I guess you have to stick with it, unless you're positive it's going to drop further, you'd hope it has bottomed out but who would take that gamble, yes you would have been better investing in eg, Barclays, but the time for that has passed, I think stick with it .. things can turn round pretty quick ..
London, lets hope it happens, they can have mine for 300p each. JJ
JJ, No I am not dreaming. Tesco would be a ready made supermarket so no start up cost and just have to covert the stores to Amazon in few months and start trading. ..perfect ..
In my opinion Tesco would be an attractive opportunity for Amazon should they be interested assuming Tesco agreed.
As for share price in Tesco at the moment,it will likely rise as most do.
As an example i have shares in the company i work for which i bought through SAYE at £3.Price this morning is over £22.Point being,shares rise,shares fall.
London, are you a bit of a dreamer? Why would they want to take on the TSCO issues when they can start with a clean slate and create their own model!!!! JJ
If Amazon buys Tesco then sky is the limit ..finger crossed X
Lots of emotion. All I am saying is that there are better opportunities.
TSCO not the only share you could buy/hold.
To be honest I’m a bit scarred by my holding it for too long. Feel free to ignore me!!
Underdog, Steve B is only making a valid point, there are a number of competitors weighing on this SP & possibly new players coming on board to water down profits i.e. Amazon. Recovery stocks as stated are also a worthwhile consideration. As far as my personal recent recovery buys go, BARC +57%, VOD + 22%, LLOY +21%, BP +19%. As for TSCO they are down 8% for me. So a valid point re recoveries & I only see oilers going higher especially after the OPEC meeting yesterday.
So steve B you make money buying shares when they platue and peak?! Well f**k me, I should have bought Tullow oil at 48p not 20p! What an absolute idiot I am! ??
Thanks for Reminding me not buy TSCO its lowest point since 2016... Gosh how foolish a return that would make in the near future. ???????
yes seems to drop everyday,
frustrating but there will be a turning point
s15
''All Tesco holders would be better off elsewhere at the moment''
Not sure how you can come to that conclusion. That would depend on the choice of an alternative investment - like tossing a coin as to whether the choice would be better.
I will be keeping my Tesco investment to hopefully pick up a safe 5% forward yield.
Yes it has been doing well.
But the market is forward looking and it sees greater challenges for Tesco when it looks ahead.
There is also relative easy money to be made in the recovery stocks right now. All Tesco holders would be better off elsewhere at the moment.
Strange things happening here, it goes up to 2.50, then consolidation, a little payback for the less shares, , and it just keeps dropping, all for a company that has been doing well ?
Several trades buying in the MILLIONS of shares. Hopefully a good sign looking forward
The proceeds are dividend only. You can't treat them as Capital receipts. I am disappointed that Tsco didn't offer a choice of treatment as it would have been useful to use the CGT exemption rather than paying Income tax on some of the dividend .
cheers Mike that was it exactly , as I am going through my TAX affairs I thought id try and clarify this matter,