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B8gger it.... Just bought some more. OK the board have ****ed up but they surely are raking it in at the moment. They have done well to covid out of their shops. So blow it.. just buy more in my mad opinion.
Agree totally.
Another week and i am losing the will to live.
Well, now its clear. The consencous of opinion seems to show that the SD was a damp squib and the benefit has not been felt in a major fashion by shareholders especially when the consolidation kicks in (25% reduction in holding). It is also clear that Tesco BoD's plan to use consold to prop up the EXD share price has failed as it has now retrenched from 250p to 224p, a tad over 10% reduction, so thats another failed management strategy. Yes a few have felt it positive but looking at this an other BB's its not been a great success. What with dodgy accounting, double charging at tills and now this poor outcome, does anyone a Tesco think the delivery to customers and shreholders is just not good enough? As a leading FTSE100 player I personally hoped for better. The big lesson we all must see, including any guru's who stood steadfastly by the BoD action to make the consol to prop uf the EXD share price is simply that the market will dictate the share price and not Special Dividend / Share Consol etc. I wonder what would have happened to the SP if no SD offered, no Consol and all the money went back into the business as repaid debt and investment. Most likely we would have fallen EXD amount but recovered to near where we are now. As per my school reports "mustr try harder" and "could do better" sums up the current Boards delivery.
So is a roadmap out of this Lockdown nightmare going to spell bad news for Tesco ? I watch from the sidelines having been bitten by this dog multiple times on it's way back down !
Well LTI they could have sold their shares in seconds and it would be in their broker accounts available to re-invest not having to wait for it via some strange SD vehicle with a tax implication for some...you are obviously fine with it many are not and although as you have correctly pointed out it is what it is and is water under the bridge, the whole thing flags up some concerns re the management which is a very serious thing to take into consideration when choosing to invest or remain invested in a company
£70 i would of been happy with that to then Chuck it in Lloyds! Looks like it’s not to be
Spin
''wrong move to not pay down debt instead and I feel the decision was done for the BoD benefit and not for the shareholders''
ZZZZZZZZZZZZZZZZZZzzzzzzzzzzzzzzzzzzz
Many shareholders would prefer the money to do as they please with.
Some shareholders would have moaned no matter what the decision wouldn't they.
Are savvy investors going to put their (so called) SD back in whe n the trend is down and also could be a market correction ? A think a lot of the savvy money may stay as cash for a while
JimJam that lag between payout and XD(which wasn't a Div or SD imo but hey ho regardless) is something I hadn't thought about. It's such an unusual situation shares reduced in the float and the compensation payout lagging it kind of makes sense the wind has gone out of the SP..question is willl it come back or be invested elsewhere. Unfortunately outside of the automatic reinvestment others may invest elsewhere. And the recent payment into the Pension has limits on it's exposure to Tesco....I guess that maybe at max already ...
HMRC website: You can earn some dividend income each year without paying tax.
There's no tax to pay on any dividend income that falls within your Personal Allowance (the amount of income you can earn each year without paying tax). PLUS You get a dividend allowance each year. You only pay tax on any dividend income above the dividend allowance. For 2020/21 it is £2,000. My shares are in my ISA so no tax to pay on anything.
Having called it wrong as it was about to go XD my current view is that when the monies get paid out there will be pressure on the share price because a lot of investors will put it back into TSCO. For some it will be an automatic procedure. Just how much will be reinvested is the big unknown. JJ
Just don't trust the SP enough to re-enter here...I think the SD(return of capital imo) was a wrong move to not pay down debt instead and I feel the decision was done for the BoD benefit and not for the shareholders. That's a bad omen for me for the start of the new broom's legacy. Also in a market crash this time I don't think being one of the few businesses trading will save the SP from going under £2 as we return to normality with vaccines and businesses opening up. I do see towards £3 at some point maybe this year but could be wrong and almost certainly there is some significant downside risk if wider market corrects. Glad the SD shennanigans is past as that has created all amounts of confusion whch can be see in the discussion trail on this board. All in my opinion dyor of course
Markie: I was buying at around 210p a few months ago and bailed out before the Special divi since it really was "Capital return" and did not want the hassel of having to buy back with Divi payment etc etc.
I am now awaiting another opportunity to buy back in at around 210-219P since as long as there is all this news about vaccination and "other" treatments/ theraputics, I see the Sp gradually falling. IMHO
Good luck
dividend pay day, reinvestment should see sp rise and hold if you dont need to sell
It's not unusual for a stock to retreat in value by more than the return to shareholders just after the event, especially when the market in general has also retreated. Needs time to settle.
Look in early March after possible reinvestments back into Tesco.
I still expect 280+ this year.
I’m with you Mark; let’s hope we’re both right.
Wow trb if u sell at 236 you will make about 65 quid after costs lol I hope u reach your target gordon geko lol.
I actually bought ( well leveraged) £3500 friday at 229. I think it’s dropped enough but you never know , I honestly thought with the SD out the way these migh have settled around 250 but the markets not interested, Walmart USA figures were disappointing and Asda’s was to , despite increasing their home delivery by 90%
Well if these get to 236 I’m out again
Hi all. As a newbie here I'm looking at the Tesco share price, its dropped like a stone as you all know. Do you expect it to drop still further this week and after the 26th feb or is the drop already priced in? It looks to me as potentially a good time to invest as it hasn't been this low since 2017 (using basic search tools for the share price). Thanks Mark.
Is there still time to do that, would they not have a cut off time ? Thanks for the reply appreciate it
Post is referring to people in general and not you specifically Chelwood.
Chelwood
Agreed. But in the event that it carries on, my heartfelt plea is please, please, please learn the difference between fewer and less because it is irritating the feck out of me.
Kazza
What DT says. Also, you would have received a letter / email about this fr om the company. There is a telephone number on it, also on the Colleague Help web site. Call them, they are very friendly, they know their stuff and they wont bamboozle you.