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Apparently it is estimated that food prices (I haven't found out if that includes non food prices e.g cleaning materials etc. ) will rise by 5%ish. That is 5% onto a very small amount of money currently spent on food (about 10% - 15% of the average household budget). This will not affect many with their head above water but will certainly hurt the poor.
Good to see John Allan taking the lead on how he sees the short term future post Brexit. As already covered briefly on the bb of possible shortages of fresh food and British shoppers selecting home produced food rather than the higher priced European produce as a result of tax.
Personally I prefer cheddar to Brie so not all doom and gloom.
Worth a read on the newsfeed which may help investors make a decision to buy or sell before the year end.
Off to my local Tesco to stock up on Chorizo ;)
I’m presuming from reading the rns, that the 11th February will in effect be the declaration date, so if you want the special dividend, and providing it gets shareholder approval, you’ll need to be on the register on that date. Payment on 26th February.
Special dividend is Looking like it will be paid on or around the 26th of February 2020 subject to shareholder approval at the general meeting on February 11
..... reminds me of another poster on a different BB!! In any event a very strange 1st post!!
Alpha86..Well that's factually incorrect they have skirted 2.60 this year and last...so not above 250 in 6 years is just plain wrong...so I don't think you should share your predictions if you don;t k now simple stuff like this and right on the heels of actually asking for advice on whether to sell or hold...and suddenly start offering investment analysis...no offence ...just an honest observation
Was over 2.60 this time last year.
Unsure whether tesco will make further gains it hasn't gone above 250 in 6 years so I am thinking this is the peak, time to sell and reinvest elsewhere where there is more scope for profit once the vaccine and brexit is sorted.
Doug
My thoughts too. If there are shortages then consumers will still spend their weekly budget on food. Buy more bananas if there are no strawberries. ;)
Alpha
No one can really tell you that. Some posters may point you in the direction of a company they are already invested in. It also depends on your personal circumstance. Tesco is a good defensive company in uncertain times but if you do want to take your profit then I would sit on cash until the world has control of this virus or look at another sector such as biotech.
Maybe ask yourself why you bought here in the first instance. Not a bad decision if you are in profit.
I guess we may see another raid on the supermarket shelves in light of no deal being the more likely outcome. Tesco are already getting prepared for import delays. I'm planning to stock up the garage with loads of items next week when Sunday's no deal is announced. All should be good for Tesco's sales.
https://news.sky.com/story/brexit-tesco-stockpiling-long-life-products-in-case-of-disruption-12156246
The chairman of Tesco has admitted it has stockpiled long-life goods in preparation for possible supply disruption at the end of the Brexit transition period.
Speaking hours before PM Boris Johnson was due in Brussels for last ditch trade deal talks, John Allan was unable to rule out the chance of temporary shortages in some fresh foods from 1 January but added they should only be for "a limited period".
He said the UK's largest supermarket chain had moved to spread imports across UK ports to avoid a reliance on a few points of entry, including Dover, amid warnings of long freight delays.
I bought at 215 a while ago its now hovering around 225-230 is it time to sell & reinvest elsewhere or shall i keep hold
Just remembered I had shares in Greencore who planned a special dividend but changed their plans after shareholder concerns about tax. Maybe this was who I was thinking about.
Won't the consolidation wipe out the profit of the payout? So unless you hold shares in an ISA all you end up with is a tax bill. I had shares some time back in a company that did this, unfortunately I can't remember who it was, but I do remember that I did not have a big enough holding to be liable for any tax.
The consolidation will happen post the SD so your payout will be based on the number of shares you hold pre consolidation
Will the consolidation mean that we will have less shares for the special dividend and so a smaller payout?Surely no if they promised to pay out 5 billion.
Yes expect one tomorrow or Friday I reckon
You'll be entitled to the div up till the x dividend date whenever that is, but no such thing as a free lunch, buy more take the div, but also take the equal reduction in share price.... {bar any share price movement in the meantime}
I have a few tesco shares already but i was wondering if i was to buy tomorrow would i be entitled for more special dividends or has the cut ofd date already been. Seems crazy if you can still buy this week and be entitled for it.
Hey rosewall, I know you to be a very experienced investor. As others have indicated the share price post consolidation will be broadly what it was prior to the drop in sp following the dividend. They don't really try and raise or lower the price, they just, for practicality or vanity or simplicity want it back where it was before the cash return, well that's my understanding of these thing, in similar situations. Could be wrong of course
I'm hoping today's news and a bumper December maybe a brexit deal will push this up to over 240p before ex-dividend when I would sell ..
According to the RNS should be paid Feb 26
Should be paid Feb 26th according to reuters.
thank you
Thank you!