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J882
Some platforms may take longer than others to get the return into their clients account, especially those that have proceeds go into their bank account as opposed to their share trading account.
HL move dividends once a month onto your account, usually around the 10th of each month so unless you have your dividend payments set to reinvest then you won’t see the cash in your account until the 10th March however it will be paid out by Tesco tomorrow
Norrab, thanks for clarifying. I have an HL account and their circular on the topic is ambiguous. I definitely says at one point that funds will be cleared to my account on 10th March. In another place, it states that the the SD is "payable" on 26th Feb. I'm surprised there was so little movement today - I would have thought IIs would be building positions by now, from reserves.
They might review that if Sunak does a one off levy on those who have done well in the pandemic
( Supermarkets ) as has been suggested. K
Your understanding is a misunderstanding.
Special dividend paid tomorrow 26th Feb.
Anyone shed any light on what will influence the SP tomorrow? My understanding is that the cash from the dividend won't be available until 10 March.
Snippet from CREDIT SUISSE : IT RAISES TESCO TO 'OUTPERFORM' ('NEUTRAL') - TARGET 280 (290) PENCE. Positive rating!
JJ Agree notwithstanding the fact each share has basically mushroomed in real value by 20% as a result of the consolidation meaning less supply for Mr. Market to consume when all the institutions (80%) start gobbling up shares to rebalance their Dividend portfolios.
it must move the share price north. I would expect to see the TSCO share at 240p+ in early March. JJ
You will receive a dividend payment on Friday 26th which HL will reinvest in TSCO on March 11th if that is your instruction on income. The DIV tomorrow wil make up the difference (in theory) It is a lag only.
Pothouse > I am sure they are not putting all their eggs in one basket
coxy - you're right - this will see 300 again this year.
It's a safe bet IMO. Nothing that's going to set the world alight but I see this giving really good returns.
I took 50k shares at 222 so I'm feeling very confident that I'll see good profit in the short and medium term.
Amazon has good linkage with Morrisons at the moment, maybe they are testing the waters.
Alpha
Your shares have been consolidated to 15 shares for every 19 you had before the GM earlier this month.
Hi Alpha86
On your H&L account check the number of shares showing that you hold. They should differ by about 20% less than you think due to the recent consolidation that happened.
"Having sold my stake at 240 to avoid being taxed on the SD "
All that means is that you have not got your financial affairs in order.
I bought Tesco shares last year in March for 216p... the price is now 228p but on my HL account I'm seeing a loss on my overall position.
Can someone explain what has happened? I know we're getting a big divvy this week but why has my position changed?
coxy - Analysts update estimates
The 2021 consensus earning per share (EPS) estimate was lowered from UK£0.12 to UK£0.11. Revenue estimate was approximately flat at UK£58.8b. Net income is expected to grow by 5.1% next year compared to 24% growth forecast for the Consumer Retailing industry in the United Kingdom. The consensus price target was lowered from UK£3.52 to UK£3.28. Share price is down by 4.1% to UK£2.28 over the past week.
Over the last year investors have been looking forward to some date or other, often to be disappointed .. tomorrow is another case .. share price has recovered a little which might persuade investors to reinvest their dividend ..
Svend, many thanks, with the pound strengthening against the $ British businesses will be good value, Tesco is ripe for takeover during 2021. Only time will tell.
Chippy - It's baking in the oven ;-) https://www.thegrocer.co.uk/leader/tesco-manda-might-sound-like-a-wild-prediction-but-supermarkets-are-in-play-for-all-sorts/652169.article
NB - Tesco pay's 100 % more dividend than its uncle COSTCO ;-)
20% reduction in shares in circulation = 20% increase in EPS unless revenue falls 20%!
70% of tesco is held by Institutional investors, pretty sure the vast majority of that will go back in (nearly 4 Bln) very soon.
I've been increasing this week Avg 227 38k shares
300p this year.
I could be wrong here but I don't think so.
GLA
Chippy - It's in the oven baking.. have a read https://www.thegrocer.co.uk/leader/tesco-manda-might-sound-like-a-wild-prediction-but-supermarkets-are-in-play-for-all-sorts/652169.article
-Note. Tesco similar to Costco except for Tesco pays double the dividend @ 5.5% at current SP
I understand we all make losses and gains but saying sorry and predicting the future, like you are some sort of Claire Voyant?? shares spokesman?? No thanks.
I'll stick to my own intuition, this share has bottomed out and I am speculating it will go back up, I got in at 229, I see it platouing back (imo) to mid to late 2's as that's it's bare minimum.
That's my prediction- sorry for the bad news! :)
Would 2.5 billion be a fair estimate for drip tomorrow any opinions please.