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Thank you
Thank you for your replies, as a Tesco employee my shares are held with equiniti, their commission is hefty, 1% I believe, with a minimum fee of £15 I believe. So a fee of around £56 on 2000 shares fetching £2.30 each. So £9.95 seems too good to be true! Is anyone using thiis websites service, and do you see a live price before you agree to buy or sell? Thanks inadvance
Yes the spread is their cut
LG4444
Barclays stockbrokers' commission is £6 per transaction plus monthly charges (which is negligible). You need to open an account with them. Visit smartinvestor.barclays.co.UK or ring 0800 279 5817. They are very helpful
Bear in mind that while the site acting as brokers get the fee, the marketmakers/jobbers get the difference between buying and selling prices on the thousands of deals they make. That is their, less obvious, fee.
Why would be there be additional commission, that’s their fee, as all brokers have
Morning all. Does anyone use this website to buy and sell shares?
Trading costs are promoted as being £9.95 a trade, surely there is a commission as well?
If for example I sold 2000 Tesco shares, surely the fee would not be £9.95? I can see no mention of an additional commission! Also if using this service can I see a live share price before committing to buy or sell, or are their transactions done in bulk, along with other buyers or sellers, thus leaving me unsure of the precise price I would be getting? Thank you in advance
There is a different value with Tesco at the helm than the alternative.
Asset value for the Asian businesses is in the accounts at a much lower value than TSCO are selling it for. A substantial part of the special dividend is the profit on the sale. Only the book asset value will be removed from the balance sheet
Not exactly Moonie, the Asian arm only accounts for approx 13% of profit, the qualatitative data would suggest a concentration on the more efficient regions will produce bigger net margins.
We could very well see £4+ within 25 months.
like getting the 6.5p divi.... shares not been back to 235/236 since 20th May....
hit 222p twice...... like a volitile day trading share currently, IMO
I am expecting sales to be higher but less than you would imagine because of the large number of low value orders. I also expect costs to be considerably higher and this will impact on profitability. The main share price sticking point is that it makes sense for institutions to keep the sp low in order to buy more shares to qualify for the special dividend.
How far along is this sale does anyone know? It says will complete 2nd half of 2020. I'm wondering how certain it is that it will through?
Why do you want to get out? Also what about the potential 50p special dividend on the sale of Far East business?
Hoping to get out once the results are announced, been stuck in here for too long. Am I being naive by thinking that they are likely to be very good? Supermarkets were the only shop's anybody was going to for almost a month, in the middle of a heatwave and with a few bank holidays thrown in.
Nothing much will happen until the trading update on June 26th, then we can get a better handle of costs V sales . May , just may see this edge towards £2.50 if the results are good. If not in the 220s doldrums we shall stay.
Igunu, we all saw the rate of increase in supermarket stocks after the last recession, the inevitable recession coming will have a similar effect. Combine this with the special divi (50p+) later in the year, the disincentive and inability to dine out, the business rate bonus, then the medium future looks strong.
I personally will be holding for at least 12 months.
IMO DYOR.
i'm in £43k at 235p, but am here at least until first friday in July.
then will see situation then.
No rush here, same as watching my BBY shares up and down like a w***es drawers......
I'd like 250p here and 300p in BBY, but whether i get either is another thing.
investors sentiment: steady and dependable. Bond Like, pays a dividend, good for my pension, away to the bakers to buy some morning rolls with my last divvies. Big divvie on the way, following the sale of south east assets. gona buy a stairlift with the proceeds
Hope you get out soon AleRi8,
Tesco aint really a trading share, its a slow mover, a chugger......... not likely to pop hard or give sky rocketing returns
GL
Agree.I still personally believe wait for the next set of figures
*note to self don't ever buy into tesco's again* I'll be glad when this thing hits £2.36 got £4,000 stuck in this doing nothing it's getting kinda painful being stuck with this.
Tesco share price has been in a range for awhile. What's investors sentiment on the stock?
Sp very frustrating lots of patience required.
Well said elgrebe. Other stocks took a hammering over march and april...they have recovered from very low valuations....money was there to be made although high risk in current environment.
Tesco has always been a stable stock, apart from the accounting scandal period. It wont make you a quick buck if thats what your are seeking.
There is no such thing as a safe stock but Tesco offers less volatility as it has lower correlation to wider equities than other stocks. They are also one of the few income bearing stocks as divi has been maintained. Hopefully some capital growth to come and a steady rise up the £2s through the rest of 2020.