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As someone who buys shares through baye and saye , I've decided to take dividends as cash is there away around getting hit with tax, currently lower tax payer . Never sold any since I started with the company and unfortunately not clued up on it as it was for me to retire a little earlier any advice gratefully received.
Tesco Mkt Cap now £17.7bn 7.73 bn shares at £2.29 (Was £23.6bn £2.41 and 9.77nb shares in issue, less the £5bn SD thats £18.6bn with no vale set on the £2.5bn pension relief - Now post Cons - there's no surplus shares and a chunk of spare cash will hit the market 26/2 , will the II's be upset? - or thankful for the cash , doubt it's no , will retailers re-invest?? EPS will increase to plus 16p PE ratio based on pre cons 19.6 = thats £3 a share next 6 months as the UK economy recovers. Peeps we are getting played - not a short term turnaround but with 20% less shares in circa - demand will pick up - no doubt. GLA EPS will grow and divi per share. The lower this tanks the more I will add.
Call me a cynic, but I do think this consolidation has financially benefited some presents and ex board members. They have form when it comes to looking out for their own interest over the ordinary shareholders.
Remember when the board of Tesco changed the way it calculated bonuses for supermarket executives because rival Ocado had became too successful. That move allowed the then CEO Dave Lewis to get an extra 979,113 free shares which he has now received £498,368 in dividends.
Let's not forget the drag on profits and therefore the share price Tesco bank will have. The UK banks who have reported to date, have had to make further bad loan provision so expect similar action from Tesco bank.
st
''the share price has never risen only dropped''
At the time of consolidation the share price of Vodafone was about 228p.
I subsequently sold some Vodafone on the 26th May 2015 at about 255p, so it is wrong to say that they only went down.
Most shares go down as well as up.
But reinvesting and acquiring more shares that are dropping in price is a lose lose just like Vodafone when they sold Verizon
the share price has never risen only dropped, because they offloaded a valuable asset and dished it out to shareholders whilst doing a share consolidation at the same time. The only plus was that you could have Verizon shares instead of cash.
well said Tigra,
I got out of these at the last minute (240 only) otherwise I'd have had a shedload of tax to pay on the bonus income Dividend. However that crystallised a capital loss - so much for rewarding LT holders ! all they had to do was issue B shares so that each investor could time their ideal time to sell. But IMHO the deal was a stitch up to augment HMRC tax take , the Registrars and the legal teams ending up being the only real beneficiaries. But there's no point in bleating on about that Drastic Dave tactic any longer...
remembering " fools and their money are soon parted ". Still looking at the gradual fall in price I'll be a TSCO rejoiner when it get s back into the 220s ... like CSDI , my buying is mainly a strong signal to sell [ and vice versa)
Since we have got used to shopping at TSCO , it goes against to grain to shop in places where we dont actually own some of the store , hence the decision to rejoin . Shame that Waitrose has no quote - their pizzas, freshness and range of food beats Tesco. Dractic Dave needs to send his team of buyers there and copy a winning formula
Tigra Interesting post.
The MMs probaly have done that, but in the medium term (2-3 months( they wont be able to manipulate the market. The investors choices will rule.
Really LTI?
Who have you invested in. Unilever?
Tig
''This has been a complete joke ''
Shareholders have had a very long time to know that nearly 51p per share was going to be returned to them alongside a cosmetic consolidation - despite this, some of the said shareholders have moaned about it when it has been actioned .
That is what you call a joke.
LTI
"could leave these choices to Mrs ECR"
Holy Hell LTI !! Not your your Aunt Nelly. As soon as Ive gone, she will clean my bank account out lol
Tig
The BOD decided that it was better for shareholders to have the money to do with as they please, which many shareholders will be happy with, rather than pay down some debt. End of.
''I've now sold out to invest elsewhere''
Goodbye
Well when you get the BS SD if the SP keeps dropping and you reinvest it all you are actually going to end up with more shares than you started with.
jaffjoon,
Everything will have some effect, but as markets are said to anticipate some 18 months ahead, a lot of this will be "expected". If, of course, they announce that there'll be no easing of the lockdown until 2022, that would be another matter! What they may say about business rates, for example, could have a big effect, and personally I will be looking out for what they say in the Budget (on 3 March), on things such as Corporation Tax.
Mike.
Mags
'' each share has a higher value?''
The price of each share now, represents a bit of a pie (a crumb) that has had a BIG slice taken away, but the percentage of the reduced sized pie that you own is the same as it was a week ago.
The BIG slice of the pie the was cut out is being shared out for consumption.
colti,
The effective yield will be the amount of dividend per share announced (which isn't yet known) divided by the price you buy the shares at. The next dividend to be announced will be announced at the next set of results, sometime in April (I've seen 2 versions of the exact date, depending on where I look), but that's only for one half of the year. The annual yield looking forwards can only be a "projection" until the dividends themselves are actually announced.
Mike.
@ShareCrow, thank you :)
Good news, its pre-consolidation. :)
way
''was a mistake leading to a muddle of one cancelling the other out. ''
NO mistake.
That was the whole point, to calculate the consolidation ratio so as to cancel out the drop in price per share on the return to shareholders of 50.93p
Hi guys, sorry for such a rookie question. I upped my shareholding on Friday the 12th with IG and the ex-dividend was the 15th. Following the consolidation, obviously my number of shares is now lower, but on the 26th of Feb when the dividend is paid out, is that against the number of shares I had pre consolidation on the 12th, or after the consolidation on the 15th?
patx
''Just a damned nuisance this consolidation !''
Consolidation is purely cosmetic and has no effect on a shareholder.
What you are meaning and calling a nuisance is the 50.93p for each share that you will be given.
A return to shareholders, same as a normal dividend is, but just so much more in one go.
Surely if there's less shares in issue then when the dust settles each share has a higher value?
Am I correct in saying the Tesco dividend yield going forward will be around 4%
I am thinking the sp will not go a lot lower and it could be wise to make a big investment now as the returns will be much better than having cash in the bank,
I think lifting of restrictions will help TSCO. I think it will be after Easter though before we have all the hospitality sector open and at best late summer for holidays. Lots of Brits staying in the UK. Also Booker will be supplying the hospitality sector which should help with revenue.
In my opinion had the consolidation or re-structuring been exercised on it's own , it would then have been reflected in the sp. Doing the special dividend at the same time was a mistake leading to a muddle of one cancelling the other out. Thanks