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Surely with a quarterly update due, record sales for March and with all pubs and restaurants closed, this should be trading far higher.
With people not being able to eat out or go to the pubs, sales should be strong for at least the next quarter?
3300....yes indeed, my plan has not quite worked today. Hey ho, will see USA brings to the table later.
3300......My money is back in here for a day or two, the big money is to be made in BP with rapid swings either way, I took 10% profit there yesterday selling a bit early at 332. I was sitting on the cash waiting for something to happen then noticed this had dropped to 225 so bunged it in here for a few days of hopefully relative safety though that is not easy in times like this. Hopefully we will see this back at 235 in the next couple of days. If so I will sell and wait for BP to touch 300p again. Hope you are keeping well, I have been laid low for past 3 weeks with a rotten cough and flu. Possibly and probably the virus but I am now on the mend. Just need to start making some money as my SIPP pension provider has made a pigs ear of my pension and lost £300K in the past 3 weeks. !!!
Based on the market share of about 27%, Tesco would of seen £2.8 bn sales .
Been in formed some Tesco stores around my neighbourhood have Government paid agency workers helping with store replenishment.
a record £10.8bn ($13bn) was spent on groceries in the UK in March, Why no increase in SP
I keep jumping between these and BP. When BP. and generally the market has a good day this seems to have a bad day and vice a versa. Sold BP this morning taking a 10% profit in only 2 days. Back in here at 225. I expect it to jump back up tomorrow if the other markets fall. I will then sell and again buy some BP.
SUPERMARKET SALES SOAR AS CONSUMERS STOCKPILE HOUSEHOLD ESSENTIALS
(Sharecast News) - Sales across British supermarkets hit record levels in the last four weeks, industry data published on Tuesday showed, as shoppers rushing to stock up on food and other household staples spent an extra ?1.9bn at the tills.
According to the latest Nielsen Total Till data, British consumers made over 79m extra grocery shopping trips in the four weeks to 21 March, pushing total till sales at supermarkets up 20.5%.
The last week of the four was the busiest, with a 43% spike in weekly sales. The government announced more severe lockdown-style measures the following Monday, on 23 March.
So-called stockpiling of necessities occurred in the first two weeks of the four-week period. In the last week, attention turned to frozen food, sales of which surged by 84% against the same week a year earlier, and alcohol, with sales of beer, wine and spirits spiking 67%.
The data were mirrored by research by rival firm Kantar, also published on Tuesday, which reported a 20.6% surge in grocery sales in the four weeks to 22 March - a record.
Kantar found that the busiest period was between 16 and 19 March, when 88% of households visited a grocer, adding up to a 42m extra trips.
It said a total of ?10.8bn was spent during the four weeks, which was higher than that normally seen at Christmas, traditionally the busiest time of year for grocers.
Mike Watkins, UK head of retailer and business insight at Nielsen, said: "With households making almost three extra shopping trips in the last four weeks, this small change in individual shopping behaviour has led to a seismic shift in overall shopping patterns.
"As well as increased store visits, consumers opted to shop online, many for the first time. However unlike stores there is a finite capacity for online grocery shopping, due to warehouse capacity and available delivery slots, and this will have limited the growth of online sales."
Nielsen found that shoppers typically added just one extra item to their basket during each shopping trip, with the average shopping basket increasing to 11 items. Average basket spend rose to ?16 from ?15. However, shoppers made three additional shopping trips during the period.
Combined, the surge in sales over the four-week period added up to an extra ?1.9bn spent on groceries, Nielsen said.
Kantar also found people were shopping more frequently and buying slightly more, with the average household spending an extra ?62.92 over the four weeks.
Fraser McKevitt, head of retail and consumer insight at Kantar, said: "It's inevitable that shoppers will add extra items to their baskets when faced with restrictions on the movement. With restaurants and cafes now closed, none of us can eat meals on the go any longer, an extra 503m meals - mainly lunches and snacks - will be prepared and eaten at home every week for the foreseeable future."
All UK supermarkets experienced "significant growth" in sales ov
The purpose of opening this subject a few days ago was to try to analyse my present investments to find an area where I could invest with a bit more safety and security in mind , all be it for a short time (6-9 months). I was not looking for massive gains, but compared to almost any other industry I concluded that food supply / distribution was one of the safest bets. It does not matter whether Tesco have more vans than drives or even if they are operating them or the whole of their business "At Cost" .. at least they are not at risk of "Closing Down". These are the new limits / levels at which most investors will look at. Its no longer a case of Dividends or large rises, its a case of whether the business is necessary and if something worse happens will the government step in to support a "critical industry" which I believe Tesco would be a candidate.
Do appreciate your responses whether + or -
Rosewall "Temporary fix for a temporary problem." Too much demand is not a problem. Stores are packed and sold out, online service is sold out. No way they won't profit.
As part of the plan to make dot com profitable Tesco closed down the click and collect pods in quieter times most pods close Tues to Thurs between 1300 and 1500 some close completely on a wed and close at 1900 on sat so all these slots will open up from next week .I understand Rosewall it looks like click n collect is maxed out when you go on the website but there is lots of room for growth.
Well we had 5 new drivers start 2weeks ago only 3 left and another long term driver folded yesterday.
They said they would never employ agency drivers as too costly
Hmm guess what they have agency drivers now as unable to cope.
Now with the market looking like it will open down tomorrow will this rise?
Look at the vans going out now, and for the last few weeks, def not profitable. And I am not going to spell it out why.
That is partially right. There are new vans coming along but there is no spare capacity in C&C and hasnt been for weeks, nor will there be in the coming weeks. Money is being thrown at this for a temporary fix to a temporary problem. When the virus goes away, the costs will be there. Anyone want a second hand van? Going cheap?
Sorry Rosedale you are incorrect although dot com never was profitable until year 2018/2019 and has become more profitable since the removal of plastic bags as this speeds up process an reduces man hours.On your point about capacity true for home delivery but not for click and collect as we close on quieter times this will change and closed hours will now open.As per capacity a fleet of of new vans is now being launched across the estate and allow at least a 30% increase in sales.Lots more happening in the background like potential to relax Sunday trading hours etc.Really tough times all round but great potential for this share.
The 80 items per order is absolutely true. All customer would have received an email from Tesco advising of them (tip of the day. Don't buy a dozen loose bananas).
Share4, unfortunately, this is not the case. The service was already at 95% - 98% capacity before the crisis. You have no idea what has happened recently, it certainly isn't profitable.
And hopefully special divis on the way
Like all other supermarkets I suspect they will have moved a lot of people over to use their online service and picked up more customers as a result who will hopefully stay. Ocado were unable to capitalise. So not only a bumper payment from food and wine but also increased customer base and data.
Seeking; Am holding onto what I bought so far and if it falls down to 215p I will be buying another chunk. A friend said today that Tesco had limited online deliveries to 80 items per person...! I don`t know where he heard this and he was negative about Tesco due to this. My opinion is "fantastic" they obviously have so many customers that they have to limit them.
Clap tonight at 8 :-)
Seeking; Am holding onto what I bought so far and if it falls down to 215p I will be buying another chunk. A friend said today that Tesco had limited online deliveries to 80 items per person...! I don`t know where he heard this and he was negative about Tesco due to this. My opinion is "fantastic" they obviously have so many customers that they have to limit them.
Did that years ago and was a wise move can't see anything to alter that thinking.
Well said. You have convinced me to buy Tesco as in a recession we still have to eat.
So tesco now moving all dot com stores to 8am opening so dot com can start picking at 4am instead of 6am .50 new driving assessors on board to work from hub stores and now all drivers employed will be full time .legal driving hours will be increased from 10 to 11 but not in northern Ireland. Click and collect opening hours to be extended. Hundreds of extra drivers and Van's gona be employed in two weeks ready to serve the nation.this share will rocket tesco on the front foot.
"Right move" ,not the online estate agent but my feelings on investing in Tesco. I`m not concerned about the dividend and its suspension is already built in. As a matter of fact those companies recently cancelling their dividend are actually seen as taking a responsible stance and have seen their share price rising instead of falling.. unpresedented I know but we are in uncharted waters. In addition the dividend is very small anyway. So the sooner Tesco cancel the dividend , the better.
My further observations are:
1/. The demand for food from Tesco will increase since a/. Everyone has to eat and there are a lot more of them stuck indoors, there are no school , college, university meals, there are no cafe`s, resturants, sandwich shops etc where people would normally eat. The majority will be eating at home for at least 3 months in year 2020. The supplier will be the likes of Tesco.
2/. Although most corner shops will remain open and do good business, quite a few of them purchase their stock from "Bookers" / "Macro" (cash & carry wholesellers) and I note that Tesco actually own them. My local Makro is constantly choker block busy.
3/. Their business is not dependant on highly skilled staff (no offence to anyone, i`m not that skilled myself !) . Therefore a shortage of staff for any reasons including illness can easily be replenished. I actually thought of offering my services to them in case of emergency at the basic pay grade, just to keep myself busy / occupied.
I know my analysis above is not a professional one but i have simply looked at a supply and demand case. Of course I have not allowed for the "Unkown" and one can consider many scenarios from the simple to dramatic which would drastically effect the share price (example: detection of Corona Virus in food !!!) but so far I`m happy with Tesco and investing in it.
Please do add to or correct my comments since I would be interested and appreciate your response.
Don`t forget to get clapping tonight at 8 but don`t catch it !!
Hard to believe I sold Tui last week at 273p making a £17K loss to buy these at 225p.
Today Tui are 380p and yes you got it Tsco still 225p :-(