The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Millcottage - I agree they shall on-pass any inflationary pressures just like any other supermarket, just look around any shops in your own neighbourhood these days and they have probably priced their goods accordingly business as normal IMO DYOR
A few analysts see 300p to 350p this year. Many predict an increase in dividends to match profit hitting above high forecast.
Sales up , market share up …..yet SP taking a hit over last two days.
My opinion is that markets is worrying about inflation and rising cost of living hitting retailers like Tesco this year and next.
Personally I think they will and are large enough to navigate way through this.
Giraffe totally agree, well run, profitable, stable and boring. I topped up too raising my average. In a rising interest rate world. Tescos is good place to park my savings.
Spot on. Bought at the bell this morning and was delighted and surprised to see £2.84 to which I said thankyou very much. Has already recovered to £2.88 same day. Brokers predict medium £3.20 and high £3.50 this year and let’s not forget the likelihood of greater dividend. Won’t make any assumptions of a takeover, bonus if it lands
Thanks for confirming @Owl85.
As an employee of TSCO, I can confirm that the majority of employees aren't subject to blackout periods, as we aren't privy to the full results beforehand. Those on the PDMR list (ie senior directors) are subject to dealing restrictions.
It's very likely that employees have a blackout window and not allowed to sell for some period immediately before results are published - especially those at the top who would have some inside knowledge of how things are going before things are in the public domain. So those who might want realise a bit of cash after Christmas might not have been able to sell last week but today can do so, it may apply to only senior people, but in the firm I used to work for there was a blanket ban for all employees for a whole month before (each quarterly) results.
Lovely analogy!! :-)
There is also a pattern to Tesco on results day over the last few years - post strong results and the share price dips as people slice off profit and then it rises again over the following week or so. Wouldn't be surprised if this is up towards £3 again by end of next week
Share price falls on good news due to the shares having built into price the expected good news already and over cooked it.
Bit like knowing you have won the lotto , but not sure if it’s £100 million or shared between 10 people and £10 million. So you start planning as if it’s £75 million and when you find out it’s only (lol) £50 million you have to cut back on your plans for the private island and send a message to the estate agent you can’t afford some of the property they have sent you.
being a novice i am totally confused.
why have the shares gone down and not up??
You called it right Owl - could see the big sells earlier in the week ready for the drop today. Long term the business looks in really good shape - looking forward to a good divi payment at year end
As predicted.. good set of figures, expected to beat upper range of profit forecast for FY, SP drops.
In equity markets, supermarket chain Tesco lifted annual profits guidance after better-than-expected third-quarter and Christmas sales.
The company said it now expected retail operating profit to be slightly above the top-end of previous £2.5bn - £2.6bn guidance, and forecast bank operating profit to be between £160m - £200m, due to the effect of more favourable economic forecasts on its provision for expected credit losses.
Lots to impress in the results; TSCO is showing the way to others. Could Amazon be tempted to buy? JJ
Another strongly profitable Q3 and Christmas period. Online sales still very high, Booker profits flying, ye profits look like exceeding expectations yet again.
All very satisfactory.
Sainsbury’s results today were good and I’d expect Tesco to outshine them tomorrow. I sold some SBRY and added to my holding here. This should break £3 and hopefully we’ll get close to broker targets this year… (although brokers targets are generally way off!)
Good write up in the Telegraph, Tescos a buy. I agree I have been accumulating, the rising interest rates are going to see a flight to quality IMO.
I doubt the results will be bad, but TSCO does have a bit of a track record of dropping on results irrespective of how good the results are. Might be a bit of that.
A massive amount of sells going through today V's buys (24m sells, 3m buys) - wonder if some news has leaked about the Xmas results?
It sounds a lot built with over 7bn in circulation the effect will be minimal unless it's sustained for a considerable period in terms of total shares. What it does do is give a steady demand for them from TSCO itself which will in turn help the share price while they are doing it.
The prospects for the sp are improving by the day IMHO. JJ
In today’s news section ;
GOLDMAN SACHS RAISES TESCO PRICE TARGET TO 340 (335) PENCE - 'BUY'
I'd still be way underwater at £3.75...
Fewer shares in circulation now. JJ
Just checked, previous time it broke above 375 was May 2013 for reference.