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Thanks. That makes it a lot clearer.
Angola
The RNS clearly states that the consolidation will follow the issuance of the Special Dividend.
Not that it matters, the Special Dividend is £5 billion divided by the number of shares in existence.
Dava,
Apologies, finger trouble.
I would suggest that you do take independent advice on the matter of SAYE. The reason for this is that, although I have checked the small print as far as I can, I have yet to see anything that says the consolidation will affect the £1.51 price - that stands. Same with the current £1.98 price. That is not to say that a clause doesn't exist, I just haven't seen it.
I am not accusing anyone specifically on this board but, for some time, every October, without fail, you would get unscrupulous posters coming on trying to get colleagues to sell their shares at the wrong time i.e. cheaply. Never ever trust anything that anybody says on a forum such as this. Always do your own research and make enquiries.
Dava
I would suggest that you do take independent advice on the matter of SAYE. The reason for this is that, a
Chelwood,
I can't disagree with your comment. The thing that has come out of the pandemic is that many of us (though not all of us judging from some board comments (yes, LLOY, I am referring to you)) have rediscovered the important things in life. Our families and friends. Hugs. Talking to people. Charity. Helping your neighbour. Nature. Exercise and many other positives (I am not overlooking the negatives).
Regarding the special dividend, share price and consolidation. I am not concerned about most people on here, they are experienced and know the score. Many shareholders are colleagues who have invested in the company as a form of tax efficient savings (shares are purchased at a discount or ex tax) but are unaware of the ramifications of the upcoming events. These people I do care about. I have written to various Directors to ask for a communication to be sent to colleagues explaining matters. These matters are of great importance to them.
Morning
As i posted last week,everyone is getting hyped up over the special dividend and ongoing share price.All around us people are dropping like flies.
Many will not know if they have businesses or jobs and homes after we come out of this, so a few grand dividend or shares pales into insignificance in my book
We are down 2.6% from a year ago
But 52% up from5 years ago so a good return on the saye .
Existing
Yes got a tidy profit last year this year should have a good one.
I'm also in omi got them for 5p n solg at 8p sitting on a canny profit with them my glr shares are at a loss at the moment got them for 6p
Putting the confusion of the SD to one side there has been yet again institutional sized trades reported late. Last week they were difficult to determine whether or not they were buys or sells.
Yesterday and today you can with some confidence see that they were purchases. Another broker upgrade to.
All points to a buy in my opinion. Today’s need on debt and some of the cash from the Asian deals going towards the pension fund points to a leaner efficient strategy going forward. It would not surprise me to hear news later on in the year about selling off Tesco Bank.
Obvious that food retailers have gained through this pandemic but the future looks pretty good if you decide to hold.
Clearly I am confident with my investment and perhaps sound too bullish but this trend does point to a positive trend as we approach the GM.
Sorry- i missed you had said £1.51.
Yes i doubt it matters, if they are consolidating the shares to keep the price per share the same it makes little difference i suspect. Either way, if you sell them straight away a nice tidy profit.
As a side note SAYE schemes are slightly dangerous imo, they encourage "risky" behaviour. Many people keep the SAYE shares once they mature but yet would not put £1 of their cash out of their bank account into the stock market.
For some reason once you have the shares they psychologically much harder to sell.
I have around 6k in my saye and can purchase the shares at £1.51 any time until july.
think I'm going to have to read up like you said.
Thanks for your reply
I assume you work at Tesco so are their SAYE scheme then? Suggest you read your documentation when you started the SAYE scheme to see what your clauses are.
That said, I'd be surprised if you profited or lost from it.
i assume you have been granted an option to buy shares at say 200p at some point in the future, so if shares are worth 240p now or on consolidation you still get the same discount so it makes no difference. It would perhaps be more complicated if they weren't consolidating to prop the price up.
Although do you actually get a choice on the date to use the options?
Does the save as you earn scheme have any clauses I have one that matures now at £1.51 per share but I'm going to wait for the consolidation to get a better price.I'm I doing the right thing.
I agree it's a fairly safe bet and should do okay in the coming weeks ..
I agree it's a fairly safe bet and should do okay in the coming weeks ..
Hi clueless, Yeah, the point I'm making is that easyjet rise on bad news and a bleak short term outlook (5% today and around 100 % since their low of last year) and Tesco drop after whopping Christmas sales and cash rich to boot .. I really think Tesco should be above 270 by now ..
Will the special dividend be paid on existing share holding or consolidated share holding ?
Nigella
I would not expect anyone to invest without information. At the moment it is pure speculation. When the circular is published then people will know which way to jump.
Thanks leas and good luck for the year ahead .
Hi mags I know your talking about today just trying to put things in perspective i can sleep at night being heavily invested in tesco but any airline could go bust at anytime .
Clueless
Couldn’t have put it better. Private investors focusing on 12 th Feb 2021 rather than 12 Feb 2022.
NAV will be recalculated and EPS
Talking about today ..
Mags easyjet down 40% on last year.
You're welcome .. ????