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Sp is going to go down due to inflation. Whole market is going down...
Share buy back is excuted by a selected commercial bank and they buy at prudent prices aka as low as possible.
I think as I have stated on a different thread that these are are a brilliant set of results. Tesco had the size and ability to ride out the headwinds. The outlook is pessimistic but I think it’s being over cautious due to events that happens many years ago.
I bought a another chunk of shares this morning and I will either take a quick flip on this chunk or leave them as a long term investment. Dividend is still very healthy.
Main buy ins for me were approx 30 months ago between 218p and 228p.
Sid
I believe they are limited to buying back a maximum of 20% of the day's volume. Market rules as opposed to Tesco rule.
Is the company able to take advantage of this drop in share price to buy back shares? or is there a set way of doing that?
I know everything on the stock market is a gamble,but usually leading up to Record date for dividends about this time those that want to have that didvidend start to look at shares this far away from the rec date or so its seems , I know not everyone wants the divi and sells just before to sell at its possible high point , Can this drop only encourage more investors ? and those that already invested to invest more , funds permitting of course .
I have bought in just over a 30 months ago between 218p and 228p.
Just bought a few more at 256p and I will flip a quick profit on these if they bounce back over next 2 to 3 weeks or hold regardless.
The business looks healthy and has the size to ride out headwinds.
Share buy back of £750 million and large increases in dividend shows confidence.
An annual tradition on results day irrespective of numbers, it'll more then likely come back over the next week or two. All in my opinion as ever.
Seems to be a market overreaction on results , traders piling in now Gla
Outlook, profits likely to fall?
The results from Ken Murphy look good to me, I don't understand this drop, any logical explanation please?
For financial 2023, Tesco is guiding for retail adjusted operating profit between GBP2.4 billion and GBP2.6 billion - which is below the GBP2.65 billion registered in financial 2022. It gave the guidance "in the form of a wider than usual range" to reflect the uncertainties facing the business, such as inflation and normalising customer behaviour.
you are right 10p down , now
Expect up then down. JJ
Couldn’t have hoped for anymore. Down we go:)
i am on my second cup and coffee was bought from TESCO , lol ,very good results
On the face of it, that's a strong set of results, sales up, market share up, profit up, debt down, divi up.. will have a bit more of an in-depth look at them. Interesting to see if the market agrees in just under an hour.
Increased div, increased share buy back, we can relax. JJ
Very pleased with the results. Gives me a 5% yield and share buyback. Solid investment. Warren Buffett would approve
Appreciate the advice many thanks !
Bigspender, it's almost a tradition that this gets hammered on results day irrespective of how strong a performance they post.
I'd look at SP performance late tomorrow or into Thursday, possibility of picking them up on the slightly cheap side at that point maybe.
When are we expecting RNS 9am ? What are peoples thoughts ? Will we see a rise
And enjoy the RNS, good luck to us all. JJ
That’s why I’d didn’t sell at 300p. Wife said do you need the money and they pay a good dividend. Also are analyst still marking as a buy?
So the answers were ;
No, yes, yes .
Re 300p snap myself, was going to offload a bunch of shares out of my buy as you earn (SIP) but decided to hold on as thought the SP stall was down to people selling at the psychological 300p barrier and any rise would continue. No biggie as cash was a 'nice to have' rather than a 'need to have' at the minute.
Historically the SP falls on results, irrespective of how good they are, I expect the same this time, especially with the threat of increased costs putting pressure on margin. Maybe others feel this too.
It's not that bad. Look at the £20m transaction at 09.40. Someone thought £2.72 is a good deal.
I bought about a year and 5 months ago between 218p and 228p , so still in profit at the moment.
However I do regret not selling when they broke through 300p.
Results nearly upon us and we need to keep our fingers crossed. JJ