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Leas/Owl85,i was being totally selfish as my wife retires from Tesco next week after 21years and you are correct in what you say.
The government wouldn’t give a toss as Asda & Morrison’s already gone, any many large Aerospace, Defence, Automotive Telecommunications and Industrial companies have already been taken over by foreign companies if you do your research. 500p minimum imho if it were to happen.
As someone who is in the employ of tsco, and has been for nearly two decades, I hope it never happens. So many horror stories of PE takeovers being followed by drastic cost cutting, job losses and asset stripping. I'd rather continue working for a stable company that has its destiny in its own hands than take the one-off share bonanza that would come with a PE offer.
Morning Chelwood.. :)
Lots of parts to the company from banking to Telecoms, not forgetting Bookers and the stores. It does seem the perfect company to break up and sell the assets. I'm usually wrong but just cannot see that happening as it would need approval from the government. That said, we now live in unprecedented times.
I don't think the market expects that either as we would be in excess of 300p on rumour alone.
I summise that if a takeover were ever to happen it would be a couple of years down the road.
Does anyone have an opinion what the offer per share might be
Swiss read the same article this morning. I think the current sp is cheap whether a takeover occurs of not. They will have to dig deep if they want to make an offer.
https://www.thisismoney.co.uk/money/markets/article-9955843/Is-Tesco-private-equity-takeover-target.html
Is Tesco the next private equity takeover target? Grocer is 'most attractive', claim City analysts
This was an article published on The Mails, This is Money site and it suggests that Tesco looks like the most attractive position for Equity Takeover and this may give support to current SP but as always DYOR and GLA.
Swissydog > You are spot on once the SP filters through resistance @ around 269p expect fireworks to ignate and could well propel the SP well above 300p > GLA DYOR
Sorry only copied but another good sign!!!!!
ShoreCap reiterates 'buy' on Tesco in anticipation of 'strong' first half numbers
(Sharecast News) - Analysts at ShoreCap reiterated their 'buy' recommendation on Tesco shares, telling clients they anticipated "strong" first half numbers.
Read the full article in shares news above. GLA DYOR
Think this is dropping to trigger stop losses
That's re rates
Great to see all the positive posts as Tesco gently relates agree with your post leas 100 percent Tesco can be boring but making money is never boring actually starting to believe we may hit 3.00 very soon fingers crossed and all that gla.
The Second analyst is now out the gate with SP above 300 the consensus among 17 analysts is currently 289 and rising - ADYOR
BARCLAYS RAISES TESCO PRICE TARGET TO 310 (290) PENCE - 'OVERWEIGHT'
Without wishing to speculate, this has 300p plus written all over it, and that’s what the brokers are beginning to say. UK companies are very lowly valued at the moment, this is borne out by many aggressive takeovers we are seeing. Adyor!!!
Been invested now for several months at an average of 217. Bought as a safe investment that gives a better yield than any bank. I have read hundreds of post on why investing in boring TSCO without any vision should be avoided when there are companies out there that will offer better returns. Outside of the AIM casino I don't see the risk v reward (for me)m the FTSE.
leas - Agree 100 % it sure does the dividend on its own pays and delivers a nice meal.
LTI
:). Enjoy your weekend.
leas
''but it always delivers''
a little late on occasions. but yes it always delivers my groceries.
moniman > fully agree reading the tea leaves expect some turbulence/resistance in the SP towards 265/70p - Fib 61.80% retracement which is also the latest old-time high in 2018 following the 2014 debacle when Warren Buffet abandon the ship and sold out once this level is fully attained again would expect the sideways range to be added i.e. estimated or forecasted target maybe region 300/330p which would bring the sp back on course to get above it's monthly 200 SMA ''IMHO-DYOR''
At today's price of 256p, Tesco still trading at a about 15% discount to SBRY on current P/E basis and about half that of Morrisons, the re-rate will kick in soon I think and SP could sail past 300p in the coming weeks if all things are equal. ADYOR!!!
Patience finally paying off. Turning out to be one of my better decisions to go long here. Not an exciting investment in a company that does what it does but it always delivers. Very little downside or risk here.
Looks like Tesco's turn now after MRW ,M&S and SBRY ,
TSCO share price is three year high today ,nice
Looking like we’re heading towards 300p….
Here comes the kick-off of the long-awaited re-ratings of the sector, first out the gate is:
JEFFERIES RAISES TESCO PRICE TARGET TO 330 (310) PENCE - 'BUY'
Everything has a price.Personally from being in a likely position to sell when/if it reached £2.50 i will now hold and see what happens.Only got 15000 shares but might be a decent takeover price were it to happen