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Well we had 5 new drivers start 2weeks ago only 3 left and another long term driver folded yesterday.
They said they would never employ agency drivers as too costly
Hmm guess what they have agency drivers now as unable to cope.
Now with the market looking like it will open down tomorrow will this rise?
Look at the vans going out now, and for the last few weeks, def not profitable. And I am not going to spell it out why.
That is partially right. There are new vans coming along but there is no spare capacity in C&C and hasnt been for weeks, nor will there be in the coming weeks. Money is being thrown at this for a temporary fix to a temporary problem. When the virus goes away, the costs will be there. Anyone want a second hand van? Going cheap?
Sorry Rosedale you are incorrect although dot com never was profitable until year 2018/2019 and has become more profitable since the removal of plastic bags as this speeds up process an reduces man hours.On your point about capacity true for home delivery but not for click and collect as we close on quieter times this will change and closed hours will now open.As per capacity a fleet of of new vans is now being launched across the estate and allow at least a 30% increase in sales.Lots more happening in the background like potential to relax Sunday trading hours etc.Really tough times all round but great potential for this share.
The 80 items per order is absolutely true. All customer would have received an email from Tesco advising of them (tip of the day. Don't buy a dozen loose bananas).
Share4, unfortunately, this is not the case. The service was already at 95% - 98% capacity before the crisis. You have no idea what has happened recently, it certainly isn't profitable.
And hopefully special divis on the way
Like all other supermarkets I suspect they will have moved a lot of people over to use their online service and picked up more customers as a result who will hopefully stay. Ocado were unable to capitalise. So not only a bumper payment from food and wine but also increased customer base and data.
Seeking; Am holding onto what I bought so far and if it falls down to 215p I will be buying another chunk. A friend said today that Tesco had limited online deliveries to 80 items per person...! I don`t know where he heard this and he was negative about Tesco due to this. My opinion is "fantastic" they obviously have so many customers that they have to limit them.
Clap tonight at 8 :-)
Seeking; Am holding onto what I bought so far and if it falls down to 215p I will be buying another chunk. A friend said today that Tesco had limited online deliveries to 80 items per person...! I don`t know where he heard this and he was negative about Tesco due to this. My opinion is "fantastic" they obviously have so many customers that they have to limit them.
Did that years ago and was a wise move can't see anything to alter that thinking.
Well said. You have convinced me to buy Tesco as in a recession we still have to eat.
So tesco now moving all dot com stores to 8am opening so dot com can start picking at 4am instead of 6am .50 new driving assessors on board to work from hub stores and now all drivers employed will be full time .legal driving hours will be increased from 10 to 11 but not in northern Ireland. Click and collect opening hours to be extended. Hundreds of extra drivers and Van's gona be employed in two weeks ready to serve the nation.this share will rocket tesco on the front foot.
"Right move" ,not the online estate agent but my feelings on investing in Tesco. I`m not concerned about the dividend and its suspension is already built in. As a matter of fact those companies recently cancelling their dividend are actually seen as taking a responsible stance and have seen their share price rising instead of falling.. unpresedented I know but we are in uncharted waters. In addition the dividend is very small anyway. So the sooner Tesco cancel the dividend , the better.
My further observations are:
1/. The demand for food from Tesco will increase since a/. Everyone has to eat and there are a lot more of them stuck indoors, there are no school , college, university meals, there are no cafe`s, resturants, sandwich shops etc where people would normally eat. The majority will be eating at home for at least 3 months in year 2020. The supplier will be the likes of Tesco.
2/. Although most corner shops will remain open and do good business, quite a few of them purchase their stock from "Bookers" / "Macro" (cash & carry wholesellers) and I note that Tesco actually own them. My local Makro is constantly choker block busy.
3/. Their business is not dependant on highly skilled staff (no offence to anyone, i`m not that skilled myself !) . Therefore a shortage of staff for any reasons including illness can easily be replenished. I actually thought of offering my services to them in case of emergency at the basic pay grade, just to keep myself busy / occupied.
I know my analysis above is not a professional one but i have simply looked at a supply and demand case. Of course I have not allowed for the "Unkown" and one can consider many scenarios from the simple to dramatic which would drastically effect the share price (example: detection of Corona Virus in food !!!) but so far I`m happy with Tesco and investing in it.
Please do add to or correct my comments since I would be interested and appreciate your response.
Don`t forget to get clapping tonight at 8 but don`t catch it !!
Hard to believe I sold Tui last week at 273p making a £17K loss to buy these at 225p.
Today Tui are 380p and yes you got it Tsco still 225p :-(
Looks like your correct, hopefully an assault on 230 plus soon.
In the past week or so on a general market down day these have gone up, and reversed the trend on an up day. Today looks like a down day so will we end the day up?
https://www.youtube.com/watch?v=JBB9bA-gXL4&feature=youtu.be
I know hard to fathom but tui down bout 70 percent since December so lots of investors sitting on huge losses tesco down 20% so holding ok so far should recover quickly when we move on from all the uncertainty.i hold 20000 here from my saye scheme been really difficult all the ups and downs but an exciting time ahead with asia sale.good luck.
I think this will rise towards 2.80/3.00 over the next few months.As i have commented previously i have 15000 shares courtesy of SAYE and will wait to see what happens with the potential special dividend later this year.
Upgrade to 250.....at last someone sees the real value here.
This is "new economy". If you can manage on you own you receive no help, but if you have massive debt tons of bailout monies coming your way.Zero return for savers bailouts for debtors.
I cannot get my head around this market....the only companies making money at the moment are the supermarkets, yet the share price dormant or falling where everything else is racing away. Tui the travel operator in danger of going bust yet their share price up over 30% in past week. I just give up!
HSBC raises Tesco to 'buy' ('hold') price target 250pence
Morning. I work in an extra store. Many shelves are still bare, stock levels will not get back to normal overnight. The amount of stock delivered to achieve that is massive.