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Closed under 200p.
180p in coming....
I blame the likes of Robert Pessimist and the BBC (British Broadcasting Communists)....
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Aw, right. This is is all the BBC's fault, lol!
Not too sure if your tongue was in your cheek when you posted that.
Skier
It went a lot lower than this during the accounting scandal around 2012, want to say off memory 164? Took a while to recover that too.
As predicted, the TSCO share price continues to slide. Momentum here is very bearish. The UK grocery and retail industries are drawing to a close, overtaken by more-efficient German and American brands (like Aldi).
The TSCO share price is now back to 1997 levels -- last seen in the previous century!
Any close below the 200p level here will be a further bearish sign, and would point to the 150-175p range as a next stop.
I personally see resistance at 177p. I will but a few at 180p.gla
Wow didn’t expect it to get to £2 in 2 days.
Please stick here or lower for about the next two weeks and then you can fly back to £3 in 20 .months .
If your a Tesco employee
Fill your boots on the saye scheme. You cannot lose .
Where’s the bottom though £180?
I blame the likes of Robert Pessimist and the BBC (British Broadcasting Communists) for all the doom and gloom, playing right in Vladimir Putin's hands. We are at economic war with Russia and all our press can do is cause panic, they'd have all been rounded up and shot during WW2 for being traitors!!!
The US just borrowed $600,000,000,000.00 to cut American student (loan) debts and taxes for free.
Lots of other countries worldwide are borrowing to head-off the post-covid recession.
It's not only global recession caused by Vladimir but also didn't help by Liz to reducing tax for rich people by borrowing. Who in there right mind would borrow to cut taxes?
some at under 207p using a little of the proceeds of my sale at over 300p in January
Broker reduction...their very good a predicting the past.. this will be a nice buy if it gets to 150p for sure you would assume. Adyor!
!!!! Why not !!!!
Share price is down 25%. Pound has lost 25% a yank can pick this up for a song .
Cash generating, , Lowish debt?
I know they took a €15 billion pond bond loan out last year , hopefully they had the brains to lock in the good interest rate.
Thankfully we locked in our mortgage in August at 2.25% for 10 years as if we had come out by next summer with the extra interest: I’d of needed circa £700 more a month I’d be bloody working for free!!
Ha ha that’s true to be fair ,
Should of joined the marines when I had the chance.
I’ll be happy if it hits £2
The reason Foreign companies do well in the UK is that British consumers like buying from foreign companies but most foreign buyers tend to by their own goods as you see in the car industry. I believe that the likes of Tesco, Asda, Sainsburys and Waitrose will no doubt at some point get overtaken by the likes of Aldi and Lidl and the discount bargain bucket shops, especially if the current trend continues This in part is caused by consumers running out of money due to the global recession caused by Vladimir the child murdering monster. Sad but true imho. Adyor!
Kantar says Tesco's UK supermarket share has plunged from 31% in 2012, to 28% in 2021, falling further to 27% in Sep 2022.
Tesco is losing marketshare every year. Death by a thousand cuts.
Aldi has quadrupled from 2% share in 2012 to 9% in Sep 2022.
The direction of travel is (very) clear.
my local tesco is absolutely heaving with customers today its like crimbo.
i think its all the bargains you get with having a clubcard its brill.
wouldnt shop anywhere else for main shopping.
we eat a lot of fruit and veg , aldis only lasts a day and it needs binned so get it all at teasco it lasts ages.
looking forward to the next divvi cant wait to spend it in tesco and keep the profits coming in for next time, come on TESCO.
Kantar does a good (independent) job of tracking the supermarket numbers, and Aldi is clearly racing past everyone. Growing at 15-20%, while almost everyone else is shrinking or flat (including Tesco).
The denial here is quite staggering. The German firms have been smashing the British grocery market for two decades -- getting bigger and bigger every single year. The pace is now accelerating. Yet, so many people remain convinced it is not happening! Just incredible.
He would say that wouldn't he!! Don't get how it takes them nearly a year to produce their results which would be torn to bits if they were a listed company.
As predicted, latest numbers show the German discounters are crushing the British supermarkets in H2 2022. Aldi is picking up millions of new customers every few weeks! We are witnessing, and living thru, the end of the UK supermarket industry. Sad times.
https://www.bbc.com/news/business-63015985
that sounds brilliant, technology is deffo the way forward keep it coming Tesco.
Last few weeks in my local,horrendous quoues.Yesterday 40 minutes then shoppers with trolleys sent to scanning area.
Member of staff said they are bringing in some system whereby as you take something from the shelf a camera links it to your clubcard and has sum total ready when you pay.Time will tell
Oh dear, someone is grumpy, should have done better at school!
It’s been a while , I can’t tell you how demoralised people are in the store ,
Once again the lowest paid supermarket by 15p an hour “cheers Ken !” And the union bloody useless.. shoplifters still have a field day I mean the decoy goes to take two out the fire exit they stop him but then 6 yes SIx £249 tvs go out the door in a trolley .. they ended up nicking 10 in a week!,,,,, wtf are Tescos doing about it … yup diddly squat as usual and the thieves now know it.
Any way good to see the shares plummeting . Bailed out in April the last of my SAYE from 5 years ago , and with the saye due mid October I’d love to see these tank to £2 or lower ! As I’ll be going all in my last £300 a month for 5 years .
I mean we’re in a recession and who or what company in its right mind is or has the cash to buy back £1.25 billion of shares in a little over 18 months ,,
Dividend if it stays the same is close to 6% .. 0% when I took the2016 one out .
One of the only good things working for Tesco is this .
Dot com I imagine bleeding cash still and even with the now 4 weeks notice to leave for drivers they still have massive churn ,
Sad to see though this once fabulous company slowly dying by a thousand cuts.
Ken’s going to have to dream up something to get his performance bonus!
Yes, TSCO stock has cyclically plunged -60% in the past 15 years...
It's a cyclical stock, look at the SP on the monthly chart. 237 was my support, it's gone back to 222 though. I missed it and bought back in in at 226. A lot of buying demand, buy I see Sburys is way off my target of 180p still, so I think TSCO might drop out of this ascending wedge to 207 or 191 and start a descending wedge downtrend. Still good for buying the dips!
https://www.tradingview.com/chart/TSCO/qmjj1NKN-TSCO-end-of-cycle-or-beginning-of-new-downtrend/