The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I guess we may see another raid on the supermarket shelves in light of no deal being the more likely outcome. Tesco are already getting prepared for import delays. I'm planning to stock up the garage with loads of items next week when Sunday's no deal is announced. All should be good for Tesco's sales.
https://news.sky.com/story/brexit-tesco-stockpiling-long-life-products-in-case-of-disruption-12156246
The chairman of Tesco has admitted it has stockpiled long-life goods in preparation for possible supply disruption at the end of the Brexit transition period.
Speaking hours before PM Boris Johnson was due in Brussels for last ditch trade deal talks, John Allan was unable to rule out the chance of temporary shortages in some fresh foods from 1 January but added they should only be for "a limited period".
He said the UK's largest supermarket chain had moved to spread imports across UK ports to avoid a reliance on a few points of entry, including Dover, amid warnings of long freight delays.
I bought at 215 a while ago its now hovering around 225-230 is it time to sell & reinvest elsewhere or shall i keep hold
Just remembered I had shares in Greencore who planned a special dividend but changed their plans after shareholder concerns about tax. Maybe this was who I was thinking about.
Won't the consolidation wipe out the profit of the payout? So unless you hold shares in an ISA all you end up with is a tax bill. I had shares some time back in a company that did this, unfortunately I can't remember who it was, but I do remember that I did not have a big enough holding to be liable for any tax.
The consolidation will happen post the SD so your payout will be based on the number of shares you hold pre consolidation
Will the consolidation mean that we will have less shares for the special dividend and so a smaller payout?Surely no if they promised to pay out 5 billion.
Yes expect one tomorrow or Friday I reckon
You'll be entitled to the div up till the x dividend date whenever that is, but no such thing as a free lunch, buy more take the div, but also take the equal reduction in share price.... {bar any share price movement in the meantime}
I have a few tesco shares already but i was wondering if i was to buy tomorrow would i be entitled for more special dividends or has the cut ofd date already been. Seems crazy if you can still buy this week and be entitled for it.
Hey rosewall, I know you to be a very experienced investor. As others have indicated the share price post consolidation will be broadly what it was prior to the drop in sp following the dividend. They don't really try and raise or lower the price, they just, for practicality or vanity or simplicity want it back where it was before the cash return, well that's my understanding of these thing, in similar situations. Could be wrong of course
I'm hoping today's news and a bumper December maybe a brexit deal will push this up to over 240p before ex-dividend when I would sell ..
According to the RNS should be paid Feb 26
Should be paid Feb 26th according to reuters.
thank you
Thank you!
Still to be announced Smithy
If they are to pay a 50p divi etc, when would the ex divi date be? Or is that yet to be announced?
dazzag
Maybe a holdings RNS will clarify whether or not it was a sell.
MM’s filling a huge 26m sell all day
Had hoped for more of a rise here Today ,got distracted watching syme with the buying there again Today ,hoping for a better day Tomorrow here at tsco ,and still a blue finish Today,
News like today and Sainsbury’s up 3%, couldn’t write the script
DT
Absolutely agree if the scenario you paint plays out. I know the BoD want a higher so and that is why I think the consolidation will be substantial in the range 3:1
Rosewall
Absolutely. My understanding is that the pension deficit will be well below £1b with the pension finance costs falling and hopefully a continued rise in assets. Hopefully all the employees in the scheme are made aware of this if only to reassure them of their future. Can only be good for morale.
Maybe a strong case for an increase in dividends payments going forward but anything above 4% in these uncertain times is good for investors.
Rosewall
I agree in principle and I have saye from the previous year that matures on March 1st at £1.68 so any increase in the SP is welcome but I think what you will see is a drop in the SP when the special dividend is paid and then a return to a similar SP once the consolidation has occurred - therefore meaning your saye holding and value remains the same as it was pre consolidation.
Leas
Agreed. An easy way to grow that position. The reduction in the pension burden is welcome too