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Hi Ms01ma, I am in the same boat 14,140 at £1.50, this is worth holding onto, take the dividend and wait until it climbs back up again unless the need the money sooner, good luck.
I will take the divd and still hold long, everything else is closed so people are extra spending what would normally have been used for meals out etc also the added benefit of electricals and clothing should all add up to far better sales figures
I’m after a bit of advise on the SD. I’m fortunate to have a lot of shares that I got on a colleague scheme at 1.50. 2.42 is a tempting sell price but I’m unsure that the SD and the consolidation might mean can anyone help thanks
The Special Dividend may be a distraction now as news keeps reporting surges in demand (see latest newsfeed) Schools closed together with hospitality is challenging stores to keep up.
Locally my Asda store has sold out of chicken and some fresh produce,. However, my local Tesco store are not reporting any stock supply issues.
I do not think you can predict exactly what will happen after the 11th Feb. Today the sp is circa 240p but may be 270+ on the run up to the GM.
I guess many pi’s will sell if they want to bank any profit but it may attract additional institutional investor post XD because there will be no tax issues. I have little experience in this scenario but I guess the BoDs have done their due diligence and will deliver shareholder value.
Can someone help please, the Spec D is confusing the life out of me.
So, the closing date for buying the shares to get the 51p per share is 11th Feb to be paid on the 26th Feb.
Generally expected to pass I'm guessing at the meeting on the 11th. BUT, will that mean the price will fall 51p
as a normal dividend? if the vote is passed, the price won't go up any higher as the date has passed????
thanks.
And we should also start to take into consideration DIVIDEND payments which will include the Special? Any ideas anyone on how this will effect the SP?
jaffjoon
Only negative will be the wider markets, MRW reported yesterday but the sp dropped a little. those results imo were excellent, No reason why TSCO cannot match or beat them. Their online and home delivery is so much better too. MRW is up today so maybe the results are now being digested.
The tighter restrictions in the UK should help keep the momentum going in sales, TSCO really is the best of it's competitors in the one stop shop in respect of groceries, clothing, electrical items and homeware.
Difficult call to predict the sp £2.46 does seem reasonable to me but the markets are so irrational atm.
I see we are due for a trading up date next week. This should boost the SP up to around the 246p mark since I cannot see any negatives.
"Where we live Sainsburys are very behind in click & collect".
Behind in click &collect!! I went to my Sainsbury store this a.m. at 07.00hrs. and at 07.25hrs they had one person on check out. Fortunately I was at the front of a queue of 6. I asked the floor manager if they could put someone else on the tills and he said no they couldn't provide anyone until the next shift started at 08.00hrs. There were approx 10 unmanned check outs. Unbelievable!! I would say they are behind in basic store management never mind click and collect.
Rosewall
A good point you raise there, click & collect is what we use for a lot of items and it is very convenient as slots are very much more available, & cheaper generally than deliveries. It is also, surely, much more convenient for the stores too ?
Where we live Sainsburys are very behind in click & collect, Tesco & Asda seem very busy with theirs, which with tighter social distancing in stores should make C&C more popular, just my observations.
Online ordering is mainly home delivery. However, what is less known is the Click and Collect operation. Before the pandemic, and a good bit into it, people were given a two hour slot in which to collect their order. Now, many stores operate a one hour slot which effectively doubles the throughput of collections. In many stores, there is no reason not to add another Click and Collect pod thereby doubling the throughput further.
Good spot leas. Every little bit helps....
Agreed Robbyw. Wouldn’t be surprised to see us at 2:40-2:42 today. The news flow on Tesco is frequent and positive and will only continue to improve. Amazed it lost 0.1% market share. Surely online sales will see Tesco mkt share go up from here.
@Uncle_Doug
Nice to see it hitting that previous stubborn 240p.
Onwards and upwards.
Kantar report makes very good reading. Not forgetting this latest lockdown does not form part of the analysis. Also reading in the press that takeout beer from pubs will be banned which will increase sales further.
Sales up 11% again. Stricter lockdown than December and additional home delivery slots could see Tesco’s turnover rise 5-10% in 2020 and 2021, adding a further 10% to the share price not currently priced in IMO. When news of special dividend and Tesco’s stability reaches the national papers financial pages you can bet MIDAS etc will recommend getting into Tesco. Then we have lift off north of £3 pre ex div
Should break 240p today. Stricter lockdown helps TSCO. I've raised my target 10p.
Trading statement for 3 quarters inc Xmas will reveal how well Tesco’s are doing. Only 9 days to wait and then we’ll see a steadying rise above £2.50 without news of the special dividend which will attract more interest. Given last nights news of a 6-12 week lockdown I think people will start to flee out of high risk shares and into here. Think a down day for the ftse but up for Tesco’s
Online ordering / delivery should help.
Hopefully the SP will start to rise up and above 250p.
https://www.google.co.uk/amp/s/www.thetelegraphandargus.co.uk/news/18983596.amp/
And we have 37% online market share
https://www.bbc.co.uk/news/business-55540485
That would be your lack of undestanding.
Will be over £2.40 by weekend. Already evidence to suggest that more money was spent at Christmas/New Year and shut down will mean even more spend. Their online operation is better than all of the other supermarkets, another plus point. Upside £2.50
Morrison’s reporting tomorrow and the release of the Kantar report. No reason why the figures won’t be good or better than expected.
Maybe attract some investors looking for a ‘safe port in a storm’ but who knows.
This virus continues to spook the markets and always the risk TSCO getting caught up in the poor sentiment.
Lots of money doing nothing in bank accounts, with falling saver rates TSCO has got to be up there. Good yield, low risk.