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I maybe barking up the wrong tree , but l think M Makers are collecting shares on the assumption that the Morrison bid will be higher. By how much no ones knows. But Monday could see this higher, hopefully a lot higher. The same applies to Marks and Spencer.
Depends if the losing parties in auction/bidding war look at other supermarkets as alternate investments.
Also depends how attractive Tesco is for growth and assett striping.
Selling off exiting real estate and renting back would be a way of raising capital to pay off some of investment costs/borrowing to invest.
The outcome could very well lead to new interest in TSCO. Any one want to comment? JJ
At least it will not cost Tesco any more with DHL being in contract with Tesco
Think it's just an anomaly with displaying how the prices have closed, it's the same on most of the other shares I've just checked.
284 would be very nice to open with tomorrow morning mind :)
27% very strange, my holding jumped by thousands at close but levelled back to £2.58. Thought some news was out when I saw it jump that much, I live in hope but not selling till we’ll over £3 anyway ;-)
Aldi are opening new stores near me but are closing others and moving to newer stores there is never anything said about the stores closing
They intend to open another 100 stores by 2023; this must impact TSCO, expect a response from the TSCO bod. Maybe TSCO could rid themselves of some sites in a cost effective manner. JJ
I work in an express store and we got over 100 cages delivered last night we dont seem to have a problem
cheers Owl
Very smooth barchid :)
Sid, yes, some was paid into the pension fund but the overwhelming majority went into the SD with a bit of pocket change left to invest in the business . The more I think about that, the more it almost makes me wonder if that was intentional to deter any potential suitors.
Owl
A very astute comment, totally agree with it.
Dare I say it was"wise" ?
wasnt some of the money from the sale of the stores in Asia put into the Pension fund? are Tesco still short ?
Just watch the asset stripping and job losses commence with Morrison's once that takeover is completed and then tell me again that you want Tesco taken over.
Now I wonder how they will fiddle the figures so he gets his ££££££ millions
For Dave lewis they took out Ocado so he got his.
This time round
Morrison’s is up over 50%
Mark’s and spencer over 60%
Sainsbury’s is up over 40%
And er um Tesco’s is up 11% ! So he ain’t getting it competed to the other basket of supermarket shares which he has to outperform to get it !
Holding out for £3 myself which could happen if things go right . Certainly need a takeover! But with a billion deficit in the pension scheme that could scare them off.
Incidentally Morrisons had a surplus of £700 million in their pension account compared to ours
Now I don’t know if it’s just are store but this time last year 110 cages of stock came in , yesterday it was 67..
Now I haven’t got access to the store sales but they can’t be great.
So why aren’t we empty as this has been going on for weeks ( we finish with loads of time to spare ) we have less staff in the store, less dot com picks going out ( Chris-t we’re going through the drivers who are paid a poultry 50p more than me on the shop floor! At least when I did it I was about £1.70 an hour more I’m dammed if I’d do that for £5 a. Day more to get potential fines, points etc !)
So where have the sales gone? Aldi / Lidl opened up new stores recently within a mile .
As for the lorry drivers thank god they get to vote on the wage rise as we had to accept the 2.5% as were USDA’s they are unite.. Tesco proudly said we’re now getting paid 5p above the real living wage … I’ll er go and get my extra 4 pints of milk with that then ! .
Yes Tesco want the Europeans back to bring down the wages that’s for sure, I’d like to see them strike!
At least we’d get Boxing Day off every other supermarket is closed! Nut not Tesco .
Don’t believe the hype on Hgv wages, I’ve been driving for them for 10years and we are progressively being left behind and being offered continually less than inflation every year. Bosses here want to pay less and get more that’s why they want Europeans back cuz they’ll do it for less due to cost of living generally less for them so can send English capital abroad instead of keeping it within our uk economy!
I think Uncle dougass is referring to whats not in his trousers rather than missing product on the shelves.
What effect will shortages in supply and HGV driver wage increases have on the results? My view is, it's too early for the wage increase to take much effect but the shortages could do some damage although panic buying often means an increase in revenue and the slowest moving, even the specialist food items get sold. So revenue may improve?
Uncle Doug, why don’t you try going veggie for once, there are millions of starving people in the world without a Tesco at the bottom of their road who probably won’t get a meal today! By the sound of things you could probably do with missing a meal for once in your life!
Yes, 4th attempt at this 260 level since 2018 high at 267 will it crack it this time?
Uncle Doug….go veggie for a change and stop moaning, think of all the starving people in the world that don’t have a Tesco at the end of the road and won’t have a meal at all some days. You could probably do with missing a meal or two?
…nice to see you again.
All the majors have supply issues. TSCO have probably the best supply chain. The start of the pandemic was an example of well the company did in comparison to the others.
Empty shelves again this evening - no meat this time.