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What looked like positive news for Tesco , yet shares are down by 3.5p as I wrote and also Sainsbury’s taking a hit also.
Millcottage
A fair point but could it possibly be anything to do with the post I made yesterday re City a.m. story on Amazon & its ambitions ?
I’m not sure sending people 60 miles into ‘space’ using loads of resources and at a cost of $billions is a good advert for a certain American company especially when the world is burning up! I think I’ll stick with Tesco, the lesser of two evils!
moniman
So you don't think that if Amazon (& it is an if) start growing their cashierfree grocery stores it won't put a pressure on existing margins ?
@barchid - That makes sense and this article I just found reflects what you say.
99.9999% of people don’t care what Amazon does in space , they shop for cheapest prices.
Amazon makes most of its profits from AWS however , but they can certainly work on thin margins and hurt the big four in the uk.
https://www.fool.co.uk/2021/11/15/forget-tescos-cheap-share-price-id-rather-buy-other-ftse-100-shares/
Great tactics, but the negative threads won’t have any impact on Tesco’s trading or SP. As for our friendly American online retailer, just keep on trashing the planet by sending celebrities into space on an unsustainable earth damaging pipe dream! So much for rich billionaires leading by example? What a terrible example to set!
moniman
Tactics ?
What on earth are you talking about ?
I am talking about Tesco & a news article I read yesterday, Millcottage finds something similar on Motley Fool's page & we are discussing the poor SP performance atm, which to most of us I guess means much more than rants about space travel.
If you want to rubbish Amazon why not do it on an Amazon board ?
We are on the TSCO board here & in between people moaning about vaccines & you ranting about activities in outer space don't you think that maybe you are missing the point ?
Zzzzzzzzz go rant at someone else who gives a flying fig about your comments. Zzzzzzzzz. You guys brought the other company into the conversation Not me! Check your facts before engaging your keyboard!
Not exactly answering the question are you?
As for checking facts, perhaps you should, I made no comment in the vaccine chain.
Not sure what on earth you’re talking about. I posted trading update and have not mentioned anything about vaccines. You’re obviously getting your threads mixed up! As for the other company, well I’ll leave others to make up their minds on that one. I would hardly say the Tsco SP performance of late is not good considering it’s gone from 220 to 280p in the past few months and brokers are upping their targets!
Just ignore him barchid.
I’m here to discuss Tesco , share price and influences on it (up and down).
Anything else is just background noise :-)
Back on subject I think we seeing some profit taking today , triggered by Amazon reports.
Opening 260 stores into an already saturated market and gaining market share is going to be a huge challenge for Amazon.
If they attack the low end value market then they have Aldi & Lidl , top end if dominated by Waitrose and M&S and middle market Sainsbury , Tesco , Asda and Morrison’s.
Small store convenience market is dominated by COOP.
Nor sure how they are going to squeeze into any of those markets and offer something new.
I see share price rebounding back this week.
I thought you guys said this was not the place to discuss Amazon?
Millcottage
Very true, I said it was a "big if", as currently Tesco has quite a moat around it, imo.
Having had a pretty stellar run in TSCO since buying in pre the special divi/share consolidation in both my SIPP & ISA I can't help keeping my eyes from glancing at the rear view mirror to see if anything untoward is about !
Just finding the real estate would be a big ask for a new competitor & if they were as keen as the articles say one wonders why they did not just buy Asda, that would have solved their location issue at a stroke.
Nevertheless it is often wise to err on the side of caution rather than going in gung ho...
When I bought in I thought that a medium term target of £4 was feasible, given a fair wind I see that as still attainable, patience eh, patience.
Get your Tesco turkeys in just now.
10 depos have rejected the Tesco pay deal and have all DC's have agreed industrial action, think its been pencilled in for 20th Dec, a good possibility will be a 1 day strike.