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@ShareCrow, thank you :)
Good news, its pre-consolidation. :)
way
''was a mistake leading to a muddle of one cancelling the other out. ''
NO mistake.
That was the whole point, to calculate the consolidation ratio so as to cancel out the drop in price per share on the return to shareholders of 50.93p
Hi guys, sorry for such a rookie question. I upped my shareholding on Friday the 12th with IG and the ex-dividend was the 15th. Following the consolidation, obviously my number of shares is now lower, but on the 26th of Feb when the dividend is paid out, is that against the number of shares I had pre consolidation on the 12th, or after the consolidation on the 15th?
patx
''Just a damned nuisance this consolidation !''
Consolidation is purely cosmetic and has no effect on a shareholder.
What you are meaning and calling a nuisance is the 50.93p for each share that you will be given.
A return to shareholders, same as a normal dividend is, but just so much more in one go.
Surely if there's less shares in issue then when the dust settles each share has a higher value?
Am I correct in saying the Tesco dividend yield going forward will be around 4%
I am thinking the sp will not go a lot lower and it could be wise to make a big investment now as the returns will be much better than having cash in the bank,
I think lifting of restrictions will help TSCO. I think it will be after Easter though before we have all the hospitality sector open and at best late summer for holidays. Lots of Brits staying in the UK. Also Booker will be supplying the hospitality sector which should help with revenue.
In my opinion had the consolidation or re-structuring been exercised on it's own , it would then have been reflected in the sp. Doing the special dividend at the same time was a mistake leading to a muddle of one cancelling the other out. Thanks
Why ask the question now?
The news has been out there for nearly a year, and whilst the consolidation was poorly communicated you had the option for a sufficient period of time to dispose of your holding.
A buyback of £5bn would have taken for ever!! No guarantee of huge benefit to shareholders.
I sold before consolidation and have bought back in but obviously at my risk.
I think we are all looking forward to BJ`s plan on Monday. If there is any announcement on relaxing lockup rules this could effect TSCO price.
Any views / responses / thought`s on this ?
Thanks: Jaffjoon
Tesco shares are being shorted in The Dark Pool by institutional investors. Price will soar on 26th
Why did Tesco do the special dividend? Would not a share buy back have been more beneficial for shareholders?
Non
Do i get the dividend if i bought yesterday?
Chelwood, likewise. :)
Only that have to pay brokers fees to restore your holding. Just a damned nuisance this consolidation !
Or rather the market cap has been reduced by the effect of the expenditure together with the usual sell off after cum div
Kingrav
No. The market cap has been reduced by the pension deficit, the tax and the dividend
Correct me if i am wrong but did Tesco not give ample warning of what was to come.Surely any individual not happy had the option to sell their shares.
Well said!
kingrav,
"It be interesting to know market cap before all this happened. Anyone know?"
About £23.5 billion before "all this happened", and about £18.5 billion afterwards.
To calculate market capitalisation just multiply total number of shares at the time, by share price at the time. You can get the exact total number of shares from the relevant RNS announcements, those dated 1 Feb 2021 and 15 Feb 2021. Just press the "RNS" button near the top of this screen - they're all listed in date order.
What's this all leading to?
Mike.
Wake me up when there is something else to debate
It be interesting to know market cap before all this happened.
Anyone know?
I assume that many will use the Divi to buy back some more shares to keep the valuation of their holding much the same as before?. If the SP has dropped then you will be able to get a few extra. No big deal?