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Which system
Which system
Online system attempted hack. Thousands of online orders cancelled today and same number unable to checkout yesterday - could be a tough day tomorrow
Today was ….
Description of shares:
Tesco PLC - ordinary shares of 6 1/3 pence
Date of transaction
22 October 2021
Number of Shares purchased:
2,275,000
Average price paid per Share (pence):
270.83p
Highest price paid per Share (pence):
271.95p
Lowest price paid per Share (pence):
269.55p
Broker:
Citigroup Global Markets Limited
Trb, depends on your age. If your age + years of service = greater than 80, it's yours for keeps. Provided you don't leave due to dismissal or resign under investigation. Or that's my understanding at least
Citigroup certainly like purchasing a round number of shares.
The buying pattern this week so far has been ;
18th October - 1.6 million shares
19th October - 1.6 million shares
20th October - 1.8 million shares
21st October - 2.2 million shares
Checkouts.. well they took out 4 and put in another of those dastardly scan self serve checkouts.
The mad thing is they’ve never used them since they installed them last year! ( a problem somewhere along the line so it’s just the 8 for now not 16 self scans )
Tell me my manager friends if I resign after 30 years service do I keep my discount card for life ! ?
How else would I lose it?
Although they are only permitted to buy 20% of total volume per day. Volume at the moment is £3 million. Thus only £600,000 by TSCO
Yes its TSCO buying its own shares. JJ
in the £millions
''A steady market cap with buybacks would of course mean an increased share price.''
This would mean (approx) - pre buyback price of 268p turning into a 275p post part 1 of buyback price
Part1 - depending on price paid, should take about 2.5% of current shares off of the market
Remember also - Share buybacks do not determine that a share price will rise - as always the market will determine the market cap of Tesco on a daily basis.
A steady market cap with buybacks would of course mean an increased share price.
burge
you have certainly missed out on a good rise in the last 4 months - hope the trend is your friend
9 Oct '21
''Quite often a buyback programme starts relatively shortly after a company announces it.''
As I thought - Remember this is just Part 1 of an ongoing buyback programme.
Millcottage, thanks for the response, ok i will sit back and relax for the time being
At the moment I can see that being achievable.
Many brokers predicting 300 to 320p share price.
Tesco looking healthy at the moment and with £500 million share buy back helping to support share price.
I bought in between 218p and 228p between December 2020 and May 2021.
In for £10k.
If they buy at a rate of 1.6 million shares a day that’s approx £4.5 million a day based on today’s share price.
So that would mean the share buy back will go on for approx 22 weeks or say 20 weeks based on rising share price.
I do not claim to be an expert but i plan to hold for the time being to see if the buyback has any impact.We are in an improving condition as i see it.
x £5k (lot for me) and looking for a £2.95 - £3.00 range in next month / run up to XMAS?
any thoughts?
If the buy back happens for several weeks and the price goes up the same every day I'll be well happy
From the RNS alerts it shows Tesco share buyback was 1.6 million shares on the 18th and 1.6 million on the 19th so far.
Like Amazon, they have a huge potential market to sell into world wide.
Wise investment by Tesco that could pay off well in the future.
Millcottage - I don't think it is Amazon tech. Tesco invested in a company called Trigo a few years ago who were developing this tech and think it uses that. Similar i'm sure but not bought off the shelf from Amazon