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The Solar farm plan will have a tiny effect on company value but a big impact on public approval. I can imagine this will feature in their advertising. Will they go another step and reduce their plastic footprint ..
IMO the Asia sale has only marginally been priced in. Only when the sale is confirmed alongside a dividend announcement with dates will there be any sort of herd piling into to invest here. Also IMO Tescos will do take efforts to keep the normal dividend in it's current range to reduce the shock to the company value which will recover over time ( of say two years).
263p is not unreasonable, but it will take time to be within it's normal trading range, but the SP could well spike up to that level initially.
https://www.lse.co.uk/news/TSCO/britains-tesco-fast-tracks-emissions-target-with-solar-push-l9ht1z8b7kj39j9.html
https://www.ii.co.uk/analysis-commentary/ii-view-tesco-shares-are-generating-interest-ii513781
Tesco Dividend Yield - 4.34%
https://www.dividenddata.co.uk/dividend-yield.py?epic=TSCO
Mags.
Not sure about share price going down because of the proposed consolidation and we are still waiting for the second approval to arrive.
I suppose most investors would have moved money to other shares which showed greater "instant" potential as a result of the "Good News" and hence bye passed TSCO. Once things settle, it will be obvious what good value TSCO is and we will see a gradual rise up to , I estimate 263P (I want)
Uncle _Doug.. yes it's plodding away but in a week when Tsco got the green light for selling Thai business, a virus vaccine, new president and grocery sales up over 9% I'd have expected a higher rise, lots of other shares made over 30% in two days, banks, airlines, all of which are still not out of the woods.. but I agree we'll hopefully see tesco rise from now on and there's always the possibility of a nice special dividend..
Agree.i was behind 2 ladies on Saturday who didnt understand what clubcard prices where until explained.They left the store as new clubcard holders.It is a very smart move in my opinion
"All the good news we could have hoped for didn't manage to shift this share."
Disagree. It's up 7% in a month. I'm Ok with that. The lockdown allows TSCO to sell toys, clothes, elec goods, kitchenware for month while other "non essential" shops are shut. Black Friday deals have started already (toys, elec - funny that!) and will only ramp up towards 27th November. TSCO was never hammered that badly during worst months of Covid so that's why it had less of a rise than others when the vaccine news came out. Be patient and you will get rewarded once the sales figures are out. The latest deals on lower prices to clubcard owners is a clever move and encouraging a lot of customers who'd gone to Aldi/Lidl back to Tescos. It's a good price to buy right now IMO
@Mags: They sell more groceries BECAUSE of the bank.
Personally I'd rather see the proceeds spent on investment or dept reduction.. a big dividend payment will surely lower the share price once its paid out.. also I wish they would sell of Tesco bank and concentrate on selling groceries..
You are right of course - however I must add that if the Special Dividend is not paid all hell will break loose?
My guess is that the share price will be highest when and if Tesco receive the proceeds from the sale and before they fritter it away, ie, when it goes ex dividend.. also an official announcement of the dividend should push up the price..
All the good news we could have hoped for didn't manage to shift this share.. my worry is when the rest of the market drops back it will drag this dog with it.. let's hope the special dividend happens..
No one , outside of the BoD, have any idea when (or whether) the special dividend will be paid and the share consolidation actioned.
I am sure it will be before Christmas They should issue 30p cash and the rest in the form of a Christmas voucher to be used at tesco. I for one would be happy to see the money in that way filtering back into the company. Probably not possible as a logistical nightmare.
Does anyone have an idea when the 51p dividend will be paid
Tesco will be ok most of the companys doing well are down 50% ytd
I guess there is still good days ahead for Tesco..
was going ok until they mentioned a vaccine
Great day for stocks and shares.. unless you've invested in Tesco..
Tomorrow could be interesting after the news from Thailand and change of presidency, not sure how Bidens win will affect the FTSE though..
how boring please go away you sad little person.
Indeed excellent news the Asia deal has been given the green light, with the forthcoming special dividend a welcome return. I for one, will be reinvesting it into the new consolidated structure.
nice rise but from a low start this share has so much further to go a lot of shares will be taken off the table if asia deal finalises through consolidation price will rise.
Pity that the rest of the UK is in lock-down, old Jono trying to alter nature, bankrupt the country in the process.
I hope people will speak at local elections next May, get rid of this dictatorship and complicit main opposition, destroyed interest rates, November NSi 0.01% virtually zero, hold our investment in limbo, a fascist regime of control.
Does he realise we survived 2020 years with our immunity building, must be a daft lad...
And now we know why.. ??
Some big buys after close of play..