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Tig
''This has been a complete joke ''
Shareholders have had a very long time to know that nearly 51p per share was going to be returned to them alongside a cosmetic consolidation - despite this, some of the said shareholders have moaned about it when it has been actioned .
That is what you call a joke.
LTI
"could leave these choices to Mrs ECR"
Holy Hell LTI !! Not your your Aunt Nelly. As soon as Ive gone, she will clean my bank account out lol
Tig
The BOD decided that it was better for shareholders to have the money to do with as they please, which many shareholders will be happy with, rather than pay down some debt. End of.
''I've now sold out to invest elsewhere''
Goodbye
Well when you get the BS SD if the SP keeps dropping and you reinvest it all you are actually going to end up with more shares than you started with.
jaffjoon,
Everything will have some effect, but as markets are said to anticipate some 18 months ahead, a lot of this will be "expected". If, of course, they announce that there'll be no easing of the lockdown until 2022, that would be another matter! What they may say about business rates, for example, could have a big effect, and personally I will be looking out for what they say in the Budget (on 3 March), on things such as Corporation Tax.
Mike.
Mags
'' each share has a higher value?''
The price of each share now, represents a bit of a pie (a crumb) that has had a BIG slice taken away, but the percentage of the reduced sized pie that you own is the same as it was a week ago.
The BIG slice of the pie the was cut out is being shared out for consumption.
colti,
The effective yield will be the amount of dividend per share announced (which isn't yet known) divided by the price you buy the shares at. The next dividend to be announced will be announced at the next set of results, sometime in April (I've seen 2 versions of the exact date, depending on where I look), but that's only for one half of the year. The annual yield looking forwards can only be a "projection" until the dividends themselves are actually announced.
Mike.
@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