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barchid
Fully agree. That said there are still plenty of trading days left before the 11th Feb. I’m sure the company has took advice from the city and this process is what they have determined to be the best way forward for shareholder value.
However, as you point out this has led to investor confusion or certainty private investor confusion who will be hoping for a rise as we approach the GM.
I guess that is when most will sell giving an opportunity to the institutions.
All guess work of course and I will reassess my strategy as things play out.
Fwiw, I think TSCO will be in better shape post Covid and their online sales leaving the rest behind. We also have to remember that Booker will be doing well too as smaller independent shops will be seeing increased footfall. This on top of savings running the Pension Fund does make a strong case for a long term hold.
leas
Agreed.
Hard to think of a UK sector which has the wind in its sails currently as much as supermarkets & TSCO is the clear leader in that place, my suspicion re the price having been slow to start reacting (but now seemingly speeding up) has more to do with SD confusion than anything else, certainly the comments/queries on this board imply that & perhaps institutional investors want to see the dust settle first ? Most of them seem scared of their own shadow at the moment & valuations compared to index could be impaired by a large special divi and price revision, could be easier for them to wait & buy xd, doesn't really make sense but little does these days.
Correct but I certainly wont be rushing back though and that's the point.
They still all 6 of you still buying tho.
Nobody walked or sales were lost
They still all 6 of you still buying tho.
Nobody walked or sales were lost
I looked at the closing sales yesterday and it was difficult to determine whether or not they were sales. The larger ones were all reported late and could have been purchases. Unless you have a 'live time stamp' then the colour of the trade will be determined by the time it was reported to the market.
Cannot see any reason why TSCO cannot better the SBRY update. Sales up 8.6%. From their trading update the second lockdown in November helped them beat expectations. This third lockdown imo will last much longer than the 2 month forecast and would not be surprised to see it continue through to Easter.
Another point of interest in their report was increased sales as Brits remain at home (me included) with an estimated 5m not travelling overseas. All stacking up very nicely for TSCO, only question I suppose , does the current sp reflect market expectations of ours?
(Sharecast News) - Sainsbury's lifted profit forecasts after a booming festive period as Britons treated themselves to champagne and steaks in response to pandemic restrictions on the size of gatherings and online orders hit record levels.
I’m sue Tesco’s Finest range will have benefitted as well.
Morning all. With the trading results and special dividend coming up soon, any reason for the large sells late yesterday? 17:15 4m for example!
Well after selling 4500 at 230 this bounced nicely didn’t it ! I diversified 8 k on Monday into rolls Royce, marks and spencer , glen core , batm, centamin and imperial brands so just about keeping pace but we will see in time if it’s a correct decision.
Meanwhile the latest SAYE matures 1st feb so I’d actin that ASAP as not to miss the special dividend date ( not actually sure how it pans out if you leave it in there .
Could very well see it tick up now as we get nearer the the ex SD date .
A sale is a sale, a dividend is a dividend. Reinvestment of a dividend is still taxable.
Hi Daveh they are now in an equiniti share account not the Tesco one
B&D I reckon £1.87-£2.00 if sp is around £2.50. All depends on market sentiment around the time
If your SAYE shares are still in Equinity then is this deemed as still being in the plan therefore there is not tax to pay when you sell?
MS01
It doesn't matter whether the shares are consolidated before or after the special dividend is issued. It will be before consolidation but it is a moot point. It isn't 51p per share, it is £5 billion divided by the number of shares.
Ms01
There are many scenarios that may play out. You could always top up with the XD cash if you think any correction is overdone. You could always play it safe and sell on any rise that may or may not come as we approach XD.
It all depends on your personal circumstance.
The shares for me are a hold and looking a bit further down the road.
Also any share consolidation should be adjusted accordingly for the dividend going forward but that’s just my opinion. Pretty safe share in these uncertain times that will yield much more than any retail bank.
Mmm...... I was hoping it would hit a close of around the 246 p mark today and then keep rising for the rest of the week in time for the trading up date. I suppose there is still hope ?
Thanks for the advise I’ve already sorted the tax issue both from a capital gains and a dividend issue by transferring to my wife. I’m just genuinely unsure that the potential special dividend means I know it’s approx 50p but will that entire amount be diluted with share consolidation
Fred, my butcher also does liver. ;)
Sorry, couldn’t resist.
"Npo meat whatsoever in the store following a plague of panic buying ;locusts."
I thought locusts were vegetarian?
Support your local butcher, probably more expensive but It actually tastes like meat!! mine will also deliver.
Rosewall
Really. Crazy times. Well looks like my family has got their wish and I will become a vegetarian by default.
Time to worry is when the Gin supplies wane. :)
Ms01ma
No one knows how the share price will react. All the people who have responded are either colleagues and are comfortable with the business. The people at the sharp end of the business know what is happening, you can see it with your own eyes. Other people who have responded are long term holders, again, people who are very comfortable with the business.
The current share price (243p) means there is a profit of 93p between now and the purchase price. The profit that you take is taxable so don't know if your shares are in an ISA or still with Equininity. Be careful over tax, you do have time to organise your holding.
xxx, great minds eh, so what do you anticipate it will fall to? GL.
leas
Chatting to a store manager yesterday who said that their store is practically empty. Npo meat whatsoever in the store following a plague of panic buying ;locusts.
I agree take the money and watch Tesco’s climb back up to over £2-£3