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Started: KUMS, 22 May 2024 08:27
Last post: samson123, Today 10:49
ALDI and LIDL are no longer cheap to shop in. In many cases Tesco and Sainsbury are just as cheap or even cheaper as people are finding out.
Hi vulture, Yes you know it doesn't make sense but neither does it make sense to shop there when one can get better deals in Lidl, Aldi and Home Bargains. There are large sections of the population who are easily convinced by repetitive disingenuous propaganda and that is why the advertising industry does so well.
Vulture
Because they've suddenly started the buyback in a big way, ~£15-16m being bought daily. Buyback accounted for about a third of publicly traded shares each day over the last few days.
Why is the tesco share price doing so well when kther big uk companies are down or just going sideways?
And after going x div few days ago.
Started: robmasters, 21 May 2024 14:33
Last post: robmasters, 21 May 2024 14:33
So, Tesco's stock price has been a bit up and down lately. You know how it is, with all the competition and stuff. But they're trying, right? They're doing this digital thing, and sales seem okay.
Started: longtimeinvestor, 17 May 2024 15:12
Last post: longtimeinvestor, 17 May 2024 15:12
Some of those shares bought at 207p in September 2022
Started: paultp, 17 May 2024 07:06
Last post: longtimeinvestor, 17 May 2024 15:06
The buyback is now properly underway after the 'testing' of several token amounts- obviously they were waiting for XD.
''If 306p was considered cheap by Citi Group''
They do not 'consider'. An algo will be doing the buying, which may or may not have limit prices built in, determining a maximum percentage price that can be paid over and above the average of the previous 5 market days prices.
owl
''I think they'll buy back regardless of the price''
yes the algo will pick up some of the shares available from sellers asking prices, whatever that may be on a daily basis so long as they are within rules and limits.
I think they'll buy back regardless of the price, they will have to meet that commitment in the timeframe else they will take a hammering on the SP. What's been holding them back recently is the relatively strong rise, there's limits on what they can buy based on the average price over the last 20 trading days to prevent them (or any other co buying back) artificially inflating their SP.
If 306p was considered cheap by Citi Group to do a buy back, where will the SP be..... after the first tranche of buybacks worth £450 million is done
Big lump bought up yesterday on div drop, seems like a good plan to me. Assuming they think it will be same or higher for sometime.
..progress further without either further increased buyback, div increase or an exceptional set of HY or 3Q results. Not sure what went on there, my keyboard disappeared off my phone and left me hitting the 'post' button instead.
Chelwood
I can see it settling in the 350-380 range for this financial year, this would reflect the increase in div and also decrease in shares in issue. Id be hard pushed to see it
Hi Chelwood, being realistic it could go up or down taking into account the General Election and wider world events/wars. To a large extent I expect TSCO to reflect the FT 100. JJ
Hi All
Where does everyone see the Sp going.Be realistic
It doesn't seem to dawn on you eccles that you are utterly clueless in investing.
If you had brought 50k worth a year ago, your percentage increase over a year is 8% + up, add on x2 dividends with additional £2k plus and your overall yearly increase is over 11%.
Please comeback and tell all which " building society " pays anything near a Tesco yearly investment.
Eccles my capital has grown by 25% and the div with TSCO has matched a typical BS. Hence quite happy to be invested here. When interest rates start to fall my shares will look even more appealing. Kindly justify your view of favouring a BS. JJ
It doesn't seem to dawn on most people that it's only the directors who make any decent money from TSCO. You would do better from a building society account rather than buying Tesco shares.
Hi Mr P. Agree and Tesco is purely an investment for me also. I believe though that had I not worked for Tesco I would not have become a shareholder but the lure of share options and other tax and NI efficient schemes got me to where I am today. I suspect many Tesco staff and retired Tesco workers are in the same boat. I recall asking one of my investment customers who had a holding in a company the shares being acquired in a similar fashion "If you did not hold these shares but had an equivalent amount of spare money in the building society would you go and invest the savings in this company" The answer was NO, so on that I questioned the wisdom of holding them, they subsequently lost all the money when the company collapsed. Asking myself the same question my answer would be "well I would use some of the money to buy shares but not to the amount I currently have invested" So on one hand I should reduce my holding but on the other hand I enjoy the steady returns Tesco provide. Its a dilemma.
Today at 302p and also wait for dividends for my original holdings!
Started: godfearer, 15 May 2024 09:18
Last post: Mr.Picky, 15 May 2024 12:07
Hi GF
"that Warren Buffett chappie" once had a big holding in Tesco but sold it after the accounting shenanigans a decade ago. I'm a Waitrose man myself and prefer to go through a check out channel rather than the self service machines that tell me there is 'an unexpected item in the bagging area'. Tesco is solely an investment for me, increasing market share, improving margins and a decent yield. I have a price target of market + 5% hopefully by Christmas.
Hi GF - I don't fear God, as a Humanist, some of his ardent followers do scare the S*** out of me.
My local Tesco staff are also great, and it does make a difference (no M&S for miles)
Re, posting gains, to paraphrase; "Win, and the world wins with you; Lose, and you lose alone, for this sad old earth...etc"
Badgernator,guitarscot and Mr Picky loved your humour here. On a more serious note I would like your opinion on this. I had read a bit about that Warren Buffett chappie who mentioned that companies cannot get by in offering good customer service they need to "delight" their customers. In M&S the other day and they had ran out of the ordinary fillet steak (I could only get one pack instead of the 2 I required} and had to supplement second one with a much more expensive one. The shelf stacker said there was no more so I continued to the till and joined a few people in the queue, After a couple of mins the shelf stacker comes running up saying he had found some more in the store room and he said these look better than what you have. I personally believe he had done his best to help me and in general I find M&S staff very good. My point being could Tesco staff be more accommodating with customers to generate more goodwill. At 70 years old I will admit to being a bit of an old f**t and have "old values" am I out of kilter with the masses.
Last post: godfearer, 15 May 2024 09:22
Forgot to say the only reason I was not buying from Tesco was the last fillet I bought at Tesco was poor {but I am no Gordon Ramsey}
Started: godfearer, 11 May 2024 12:14
Last post: Mr.Picky, 14 May 2024 18:00
I'm here for the bier
You could request a mourning delivery
I’m afraid it’s the moving bodies in Tescos lorrys that makes that it amusing.
Do you think having dead bodies near food is going to improve food sales? Is that what Tescos want to be associated with. There is good profit in funerals but death is not something you want associated with a food retailer.
You could give extra funeral reward points when you buy cigarettes:)))
sorry should have introduced myself. i worked for the banking side for 6-7 years before retiring. i had tried to suggest to local directors how extra growth could be achieved. before covid i thought tesco should get into the funeral trade with their loyal older customer base a good few clubcard points for signing up to a funeral plan (special 0% offer if bought on tesco creditcard) the lorries are refrigerated so could have a small area concealed to transport the coffins around the country and suitably trained tesco workers could drive the he**** etc on the day of the funeral. i put this to the directors at a large gathering of tesco workers who i am afraid thought i was taking the p***. a bus came by and i mentioned tesco could have a picture of a up marked coffin on the side of the bus with the caption "tesco's finest" this brought loads of laughter but actually i was deadly serious would have made a fortune. better option than paperchase in which aisle i have never seen anyone buy anything.
Started: godfearer, 11 May 2024 11:33
Last post: Fastfood, 12 May 2024 11:54
Mr Godfearer. Be assured that for every penny reduction in the SP my Tesco pot reduces by £80. I thank you.
As a brand new member was interested in the gain being made if the share price goes up 1p. I have been a regular reader of posts for Tesco for some time. I was wondering why no one posted their losses if shares went down a penny.
Started: paultp, 3 May 2024 14:53
Last post: Svend, 11 May 2024 00:22
Agree to keep the shopping going at pace and keep it continuing hopefully rising and staying above the 304 level.
Can anybody raise Chelwood ? Good lad.
£152 for me
Ohh good. Every penny it goes up I make £80.
Onward and upwards let's see if the trolly momentum can keep the price firmly 'shopping' above 304 going forward it's all in break-out time.. IMOO DYOR GLA
X-Div on 16th May so not selling any until that date when we could be 320/330p.
Thankfully I did not sell my majority after hitting 300. Now we sit and wait! Good luck
Jefferies target.
Started: ForensicBloo, 22 Apr 2024 08:20
Last post: ForensicBloo, 2 May 2024 12:07
No shares bought back at all yesterday?
FB Technically the tea leaves look favourable painting a cub with a handle on the weekly indicating a possible breakout if the price can keep momentum above 304 on a weekly close 1st target a measured move of circa 23 points towards the 320s the consensus target remains 331 longer-term GLA
Hopefully so.
Is the stay above 300p going to be sustained a little longer this time?
Still struggling with this. 100 shares bought at 288 yesterday which was the price bang on the morning bell. Hopefully the price will settle down and they can actually start buying in earnest.
For TESCO buyback. SP i,e.
The delay in the update seems odd. Maybe someone overlooked it, or they're just dragging their feet. Curiouser and curiouser....
Started: Sean1986, 15 Apr 2024 19:58
Last post: Sean1986, 15 Apr 2024 19:58
What’s the betting thing goes XD just before 409, and then it will drop and the interest will wane?
Started: scoredagainsteps, 11 Apr 2024 15:58
Last post: scoredagainsteps, 12 Apr 2024 14:23
Mean tesco safe however it can be all over the place on drops etc
And money safe
Rather paltry dividend again equalling just over 4% yield, I can do better than that with The Post Office, offering just over 5% at present.
Good results, then a bit of a kicking. Hmm
Forensic with these market makers who knows . ATB
Started: scoredagainsteps, 12 Apr 2024 12:16
Last post: scoredagainsteps, 12 Apr 2024 12:16
Looking at my book be a trade late afternoon 2. 77/ 78 for a buy . THATS WHERE I AM
Started: scoredagainsteps, 12 Apr 2024 09:28
Last post: scoredagainsteps, 12 Apr 2024 09:28
Good buy i had 5 p a share profit NOT TURNING THAT DOWN FOR A QUICK TRADE ,
At 283p
Started: scoredagainsteps, 12 Apr 2024 08:11
Last post: scoredagainsteps, 12 Apr 2024 08:11
NOT greedy
Started: goinguphigh, 11 Apr 2024 13:10
Last post: saintly, 11 Apr 2024 13:17
If you are with ii then the automatic re-investment dealing charge is £0.99p and stamp duty where appropriate. I must admit the TSCO div is rather dull. Rgds, S
Not for the faint hearted - hit the Tesco shares buy £10,000 button now and in June you will receive £240 cash ( £280 dividend less £40 dealing and stamp duty charges) 😀
Started: CCC., 11 Apr 2024 10:17
Last post: Rich62, 11 Apr 2024 11:20
Share price is manipulated by the big boys. Pushed up yesterday on excellent results to suck new money in. Today driven back down by funds / shorters using algo trades.
They drive price down hard and shake out cheap shares, then when they've acquired enough, push price back up again. Nothing has changed with Tesco business, just games being played.
A great opportunity to buy more (as I have done) cheaply, ready for decent dividend and or move back over 300p
Good results considering how much shoplifting goes on these days. In all honesty, the retail sector should sue the police and/or the government for the spineless levels of support they receive in combatting theft. There should be avenues for retailers to sue and reclaim their losses.
Very disappointing, it's now 23p down on the high it reached yesterday.
Strange share movements, a muted early response yesterday morning, then a very good increase, today a full reveres of gains.
Seems Mr market does not know what direction to go.
Started: scoredagainsteps, 11 Apr 2024 11:14
Last post: scoredagainsteps, 11 Apr 2024 11:14
TOPPED OUT AT 297 WELL i was wrong sold from 2.88 went to 3.04 .And today down very confused why .GREAT results however tempted to buy a few for a trade