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For great share price gains, I have been in Tesco for six years and the SP has barely moved, I bought @ 1.94 & 2.24 in 2014. But it has held up really well and has done a great job for the country over the COVID crisis - so NO complaints. I look at it as a slow growth steady place for a few quid long term which will hopefully follow the market upwards. Home deliveries may be great for the community but I believe they are done at loss to the business as all the supermarkets make no money from them including the much hailed Ocado, correct me if I'm wrong? all IMO.
Surely the broker targets have some credibility for the business valuation average about £3.00 per share now I don't have much faith in their valuations but surely 270 -280 is not out of the question.Good to see a rise today hopefully get a steady run now.
Tesco back towards Ex Div date price.....
pushing towards 240 i hope......
I don't see any great share price revision upwards (I will probably be proved wrong). The current share price reflects the value of all Tesco businesses including Asia (remember Thailand is doing well but the smaller Malaysia business is not). So by divesting itself of an overall profitable Asia the value of the remaining Tesco group is less so I expect the sp to decline by about 50p as that is the value of the money taken out of the business.
The decline might be less than that as the remaining funds will deal with the running sore of the pension deficit and a cash boost.
That's my view anyway.
once deal goes through, would it be likely the sale pushes the share upwards?
as the sale would be seen successful and make tesco a small fortune that has been talked about sharing out (which if as a large divi would see share price then fall back)
The roadmap is in the circular.
Swimfan
No ex div date has been set. No need to as authorisation for the deal and the consolidation has not been granted.
Your right ! I guess as you say we are just not in favour.
Other businesses which are still in lockdown their shares are rising ( CINE )!?
Strange times indeed .
Maybe it’s to do with Buffet when he dabbled in tsco years ago ( Warren has a buffet with Tesco etc ) then said later he regretted it . But they have come along way since then.
morning all,
years ago i recall reading about Warren Buffett(? excuse spelling, it's early) buying 500 million quids worth of Tesco at 350p each or similar..... never heard if he sold out?? this was way back when i firs dabbled in Tesco as it always seem to be 300p to 325p when i was interested....... a mate had shares and worked there.... talk on here was of people waiting for a low of 285, charts this, figures that... met with, 285 will never happen etc etc.....
i'm sure there are lots of people out there who "held" for long term growth..... and some who don't even know the share is currently at these levels.....
so, just curious about Buffett........
thanks and GLA.
yet no price hike for Tesco success.......
gets hammered like BBY does.......
think some stocks are just not favourites.......
Outpacing Aldi !
https://www.ft.com/content/ea2df582-a3f1-46b0-865b-8dd780d34e37
but what would the Ex Div date be???
My understand 50p special plus around 9p,Its a cracking deal for a share valued at 227p.
Lidls isnt my favourite either tbh,Tesco is my favourite out of the big three,aldis locally are good,staff great ,products fairly good,I usually shop aldi first then anything still needed will go to Tesco.
The best thing about Thai deal is eps lost is compensated by just a third of sell figure going to cover pension costs which equates to same value of eps.
So a simplification of business and a nice return to the shareholder of the other 5 billion(about 50pence a share)
Hate Aldi with a passion, so overrated. Customer experience is shocking, more positive atmosphere at a morgue. Rushed at the tills, and like what’s been mentioned, their like a box of chocolates, you never know what you’ll be getting on the day, always hit and miss with their products
My wife works for Tesco and being biased i think they are a country mile ahead of the competition and then some.
To be blunt Aldi and Lidl are semi popular for one reason only,they are cheap.Check the size of what you are buying though as the contents are often smaller.And,good luck if you find something you like and buy inmultiples because it is unlikely to be there next time.
Asda,dont make me laugh.
Sainsburys are in no mans land.
Morrisons aisles are too small.
B&M.Went in there once and came out in three minutes.Went straight home and jumped in the shower.Most of the people i encountered looked inter-bred.And they were the staff
Goldenshares,
I misread your post. My understanding of the circular is that it is both. There is a monetary special dividend of 50p approx followed by a share consolidation. I have read the circular twice and it is heavy going in places. I have tried to find out if the 50p is per share pre or post consolidation.
Golden shares,
No, I don't have rose tinted specs, quite the opposite. Most of my comments on here are very much anti. I am sure your local Lidl is very good but one swallow doesn't make a summer. One could say that if there have been no "round the block" queues then maybe no one feels safe to go there.
As for special dividend / consolidation, I would suggest reading the RNS'd circular available on here.
You work for tesco and your perspective is with tesco tinted glasses.
I multi shop in around 4 different supermarkets,imo lidl deals with the situation best only once have I queued outside and that was on a Sunday right at the start.
Special dividend are you 100% certain its a share consolidation and not a straight cash return,if so can you provide a link?
White winter
There are a number of hurdles to overcome. The first being the regulators in the two countries and the second being the GM to approve the share consolidation.
With the sale of the Thailand arm in process, do you think we'll get a special dividend?
PS CityLad
My background is O&M too. Great to see another one here. My O&M background was food manufacturing
CityLad,
Yes, the ou are right about the efficiency and I have moaned about the increase it costs since lockdown started. However, Tesco depends on repeat business and that can only happen if the customer is alive.
Compared with the competition who, from their shambolic offerings, seem to be determined to kill off their customer base.
The safety's features are pathetic from an efficiency perspective. I've stopped going to Tesco's as I'm sick of it.
At my local store there is a queue for the tills controlled by a marshal. A person is not allowed to unload goods to the belt until previous person has left the till. Cashier watches the next person walk up for several seconds after an "Oh, can I go?" delay. And with maybe 18 tills this can take a while.
Then watches the shopper load the belt, a few more seconds. Then only starts to scan once shopper is at the end, by the till, a few more seconds. Scan, pack and pay as normal and the cycle starts again.
Cashier spends perhaps a minute or more of every cycle watching and waiting.
The cashier should be working if there's a shopper wanting to be served (processed) even though they are currently held in a queue yards away.
Next shopper could be loading the belt once previous shopper is by the cashier. Belts are easily 2 metres or more from the till.
Why do I care?
Perhaps I can see 10% of the cashier's time being unproductive and adding costs.
Aldi processes as my process - cashier always busy.
I do process improvement for a living.
At Tesco, I sort out problems. Sometimes, with my head in my hands, I think WTF.
Last night, I was chatting with another manager and the picture was clarified - sometimes, you need to step back and see the bigger picture.
Customer satisfaction survey:
Sector average: 75%
Tesco: 92%.
Even allowing for differences in timing and processes, the gap is significant. When the Covid-19 mists disappear, I think we will see a much firmer customer base. The big winners are Click and Collect and in store shopping. The safety features and processes implemented by Tesco are always commented on favourably whereas many of the competitors are viewed as shambolic.