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Existing
Yes got a tidy profit last year this year should have a good one.
I'm also in omi got them for 5p n solg at 8p sitting on a canny profit with them my glr shares are at a loss at the moment got them for 6p
Putting the confusion of the SD to one side there has been yet again institutional sized trades reported late. Last week they were difficult to determine whether or not they were buys or sells.
Yesterday and today you can with some confidence see that they were purchases. Another broker upgrade to.
All points to a buy in my opinion. Today’s need on debt and some of the cash from the Asian deals going towards the pension fund points to a leaner efficient strategy going forward. It would not surprise me to hear news later on in the year about selling off Tesco Bank.
Obvious that food retailers have gained through this pandemic but the future looks pretty good if you decide to hold.
Clearly I am confident with my investment and perhaps sound too bullish but this trend does point to a positive trend as we approach the GM.
Sorry- i missed you had said £1.51.
Yes i doubt it matters, if they are consolidating the shares to keep the price per share the same it makes little difference i suspect. Either way, if you sell them straight away a nice tidy profit.
As a side note SAYE schemes are slightly dangerous imo, they encourage "risky" behaviour. Many people keep the SAYE shares once they mature but yet would not put £1 of their cash out of their bank account into the stock market.
For some reason once you have the shares they psychologically much harder to sell.
I have around 6k in my saye and can purchase the shares at £1.51 any time until july.
think I'm going to have to read up like you said.
Thanks for your reply
I assume you work at Tesco so are their SAYE scheme then? Suggest you read your documentation when you started the SAYE scheme to see what your clauses are.
That said, I'd be surprised if you profited or lost from it.
i assume you have been granted an option to buy shares at say 200p at some point in the future, so if shares are worth 240p now or on consolidation you still get the same discount so it makes no difference. It would perhaps be more complicated if they weren't consolidating to prop the price up.
Although do you actually get a choice on the date to use the options?
Does the save as you earn scheme have any clauses I have one that matures now at £1.51 per share but I'm going to wait for the consolidation to get a better price.I'm I doing the right thing.
I agree it's a fairly safe bet and should do okay in the coming weeks ..
I agree it's a fairly safe bet and should do okay in the coming weeks ..
Hi clueless, Yeah, the point I'm making is that easyjet rise on bad news and a bleak short term outlook (5% today and around 100 % since their low of last year) and Tesco drop after whopping Christmas sales and cash rich to boot .. I really think Tesco should be above 270 by now ..
Will the special dividend be paid on existing share holding or consolidated share holding ?
Nigella
I would not expect anyone to invest without information. At the moment it is pure speculation. When the circular is published then people will know which way to jump.
Thanks leas and good luck for the year ahead .
Hi mags I know your talking about today just trying to put things in perspective i can sleep at night being heavily invested in tesco but any airline could go bust at anytime .
Clueless
Couldn’t have put it better. Private investors focusing on 12 th Feb 2021 rather than 12 Feb 2022.
NAV will be recalculated and EPS
Talking about today ..
Mags easyjet down 40% on last year.
You're welcome .. ????
what a "sweet" nickname , Mags...I like it .My husband is still howling with laughter.
Nutella .. it's a share I don't really understand, bumper christmas and a healthy bank balence and the SP drops .. Easyjet just grounded all flights and their SP rose over 5% ..
The key to this is to look 12 months ahead 20% less shares available 250million less in pension contributions could equal a 30% divi increase per new share the less shares available the harder they become to buy £3 plus by end of year imho gla .
What are all your views on why Tesco share price has not gone up much since announcing the special divi???/ it is after all 20% ish ....I would have expected a surge in SP .Is it because the consolidation has had negative effect ?? or are people waiting to see details in the circular on 25th Jan ??
Mac, if you don't do a tax return currently and have no desire to do one then id sell to bring you under the 2k dividend allowance. Then rebuy once it goes ex divi (assuming you want to continue your Tesco holding, and that this doesn't put you over a cap gains tax threshold).
macaumike
So potentially your tax liability will be on the remainder £2500. For example if you are a basic rate earner then it would be approximately £185
You could also split the shares between a family member by bed and breakfasting half but of course with stamp duty and fess it wouldn't be worth it.
Wouldn't advise any investor to buy or sell but don't forget that the company will be sending out further details about the resolutions to be considered at the General Meeting. We should be getting it sometime next week.