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Svend, many thanks, with the pound strengthening against the $ British businesses will be good value, Tesco is ripe for takeover during 2021. Only time will tell.
Chippy - It's baking in the oven ;-) https://www.thegrocer.co.uk/leader/tesco-manda-might-sound-like-a-wild-prediction-but-supermarkets-are-in-play-for-all-sorts/652169.article
NB - Tesco pay's 100 % more dividend than its uncle COSTCO ;-)
20% reduction in shares in circulation = 20% increase in EPS unless revenue falls 20%!
70% of tesco is held by Institutional investors, pretty sure the vast majority of that will go back in (nearly 4 Bln) very soon.
I've been increasing this week Avg 227 38k shares
300p this year.
I could be wrong here but I don't think so.
GLA
Chippy - It's in the oven baking.. have a read https://www.thegrocer.co.uk/leader/tesco-manda-might-sound-like-a-wild-prediction-but-supermarkets-are-in-play-for-all-sorts/652169.article
-Note. Tesco similar to Costco except for Tesco pays double the dividend @ 5.5% at current SP
I understand we all make losses and gains but saying sorry and predicting the future, like you are some sort of Claire Voyant?? shares spokesman?? No thanks.
I'll stick to my own intuition, this share has bottomed out and I am speculating it will go back up, I got in at 229, I see it platouing back (imo) to mid to late 2's as that's it's bare minimum.
That's my prediction- sorry for the bad news! :)
Would 2.5 billion be a fair estimate for drip tomorrow any opinions please.
With all due respect Chris, your previous forecasts on various bulletin boards have been consistently wrong.
Therefore on the balance of probability I will ignore your last comment. Have a good day.
At such a low P/E ratio and all the infrastructure in place wouldn’t it make sense for Amazon to buy Tesco ? It’s a natural vertical market for them and they did it in the states. What’s your opinion ?
That's exactly what DRIP is, a haircut exercise.... ramp up the price in anticipation of the payout, the watch the price fall back ...
Having sold my stake at 240 to avoid being taxed on the SD , I realised a capital loss but once the 30 days are up, I'll be content to come back and buy this stock when it revisits the low 200s ... I reckon it will be closer to 205 come April.
Sorry for all the LT holders with uncrystallized losses in this share, but the way the market is being played , one has to change their approach. It seems as if a stable business trades profitably and pay a dividend, then it's open season to be attacked by the algoes .... it's like staying with the same insurance coy or utility provider yr after yr and expecting to be treated fairly or being rewarded for your loyalty. That day has passed.
Tomorrow.
DRIP shafting day!
Jonvia
You have just noticed the consolidation. If you cant give a feck for your money then you don't deserve any. This has been extensively publicised for almost a year.
Baysill
Just to clarify. Tesco sold two businesses. Very different and in different countries. One profitable, one loss making.
I've just looked at Ali UK 31st Dec 19 Stats and sales £12.3bn, Net Profit after tax £211m - Pre Covid , Net Assets £2.85bn. so Net margin 1.7% PRE COVID - I don't think there is any transfering pricing of trading to & fro back to Austria. Difference Tesco & Aldi, SCALE & Diversity - Tesco have sold fantastic asset for £8bn - acquired for say £1bn and made more profit than Aldi, Net worth in the UK times 4. This is Not appreciated IMO - then after sale - reward shareholders. Seems to me, most people would like to own Aldi, with its nice colours and simplified stock provision. I know its a game and hold the SP down until, but - if any FTSE Co could make +£7bn on a sale and pass it to shareholders FFS - well done, forget the colours of the Aldi Lidl posters FFS - think big and move on from the past - IMO DYOR GLA .
Then you have IAG - just borrowed another £2bn, deferred pension cons for 6 mths +£0.5bn , income -88% and the shares are up +25%, what the feck is going on??? , - someone makes +£6bn profit on disposal , someone loses £5bn and the rewards are counter init. HNY GLA Crazy..... Time will tell.
Any thoughts on Fri closing price. I guess around 2.36.
Jon
''is totally worthless and in fact is of negative value to me.''
The same as a return to shareholders and a drop in share price would be in any other share.
You will have to wait for a share price rise to get a positive value
Well you get what you pay for (often anyway)
the share to rise 10p or more; bought to today with that belief. Yes I was wrong about the impact of the consolidation/SD but still think its going to prove a good move for investors and the bod with their tasty performance deals. JJ
Spindler, I am on the same page, I also note Insiders were willing to purchase shares at £ 2.67/2.81 and the Pie has now been somewhat condensed enabling a larger dividend slice payment relatively speaking.
Say for a moment these insider purchases are now valued at £ 2.87/3.05 incl the SD as a result of any additional buying below these levels come Friday would seem favorable if only looking at it from a divided growth payment perspective.
The company's future Pension liabilities have been propped up as well which may otherwise have been a drag on earnings pot.
1 year Target Estimate £ 2.70 acc yahoo finance.
More food for thought ;-)
In our experience before Covid, Aldi wins price down but the whole shopping experience was rather poor during busy hours. It can be frustrating to sort out any payment issue as it happened to me a few times where the cashier was scanning so quickly that some products were scanned twice (steak!). Luckily I'm a careful shopper and checked my receipt. Having no customer service counter in Aldi meant I've got to re-queue to get a refund. This is not good for customers with children in tow or those rushing for time.
Iam seriously giving some thought to WM2020's theory of a city boys pump and dump here hhmm ? what are others views ?
One positve about Aldi is there garden stuff sometime some good offers and some quality not much but some.....all tastefully laid out and prsented like an upturned skip though
With all due respect Jonvia (and I am in total agreement with how you feel and i sold because i didnt agree with what they were doing) but this has been in discussion for months here, you could have taken the info here and jumped ship and stuck 2 fingers up to the board...I have posted numerous times i seriously find the BoD suspect now which is why i won;t re-invest
The thing I find astounding with this share are the people who hold the shares and don;t keep themselves abreast of events, truly astounding. On the Aldi Lidl thing I can honestly say with no bias as I am out of Tsco....we have an Aldi near us...a brand new one....it's HORRIFIC....Lidl when I have ventured in even WORSE. I actually rarely shop in Tesco due to logistics but no complaints everytime I much prefer it to Sbry....ALDI and Lidl are a truly depressing experience....the beer range in aldi never changed since opening and what they have is rank.....I am half German we wouldn;t p on that stuff they offer
I strongly resent Tesco taking my money and donating to a charity that I oppose.
Other companies return any partial share values to me. I have had sums of 42p and 56p from Santander for the part share of my DRIP investments.
Looking at the consolidation, the dividend and consolidation is totally worthless and in fact is of negative value to me.