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250p by end of next week... There is virtually no resistance to upside... Obviously there will be profit taking but the interest it seems in the vastly undervalued ftse is now huge.
I've said for the last couple of years that the valuations are pathetic compared to foreign peers.
I mean look at marks and Spencer as a brand and then it's mcap.. Obscene in a world where debt ain't a problem any longer as long as service lines are profitable and show potential.
Debt isn't an issue for funds long as they are serviced.
Tesco at the value it is is open to predators and should be over 300p easily.
The ftse over the next 12 months will get exciting with lots of easy opportunities.
Keep your eye on what's going on and dip into the correct one in its industry.
Too right, Rosewall.
Morrisons set to accept £9.5bn deal (50% above the market cap) set to be acquired by a trio of investment groups, including Softbank-owned Fortress, Canadian pension fund CPPIB and a unit of Koch Industries for £9.5bn. The new owners have pledged to safeguard pensions for the 111,000 employees and are “fully supportive” of the existing agreement to pay all staff at least £10 an hour. The deal is set to be the largest UK private equity buyout since KKR bought Boots in 2007. Some analysts have expressed unease with rising private equity buyouts as depressed share prices leave UK companies "undervalued" in the wake of Covid-19 and Brexit.
It is that word "performance" that bothers me. If the word is being used to describe the individual companies that make up the market that is one thing. If those companies are doing thing bigger, better, more profitably and are growing then I would agree. If the word is being used to describe the increased share prices without the fundamentals then that is a bubble fueled by US government money. Price inflation, like chickens, always come home to roost
It’s China we should be concerned about. Greene King. Thomas Cook etc etc
moniman - They (Americans) are getting a bargain the whole UK market is at a 50% discount compared with SP500 so make more sense for them to spend and shop on the UK market
Judging by the amazing performance of the US markets, maybe it would be better if all UK companies were taken over by our American friends, obviously the bosses running UK companies are useless!
eccles04 'Need to get back to basics folks. 1. Morrisons will still be there and a tad unpredictable. (Their selling price takeaway setting the tone for the sector going forward) 2. Profits for the last few years have not been spectacular. (Considering BREXIT and PANDEMIC they have outperformed the market)3. Discounters are building more shops. 4.Yield is acceptable but not great (+4 % is splendid) 5. Some people let their imaginations run away with them. (The sum of the numbers speak for themself)
Heaven help us with everything taken over by America. If only we could have a law to protect our companies from foreign takeovers!
On what basis ?
Need to get back to basics folks. 1. Morrisons will still be there and a tad unpredictable. 2. Profits for the last few years have not been spectacular. 3. Discounters are building more shops. 4.Yield is acceptable but not great 5. Some people let their imaginations run away with them.
Possible move upwards to 260-270 by the end of the week
Leas > Agree Tesco Yield & Growth is 3 & 4 times bigger than SBRY just a matter of time before we see an explosive move to the upside :-)
barchid
Closed on the day’s high. Bided well for opening tomorrow. Just need a bit of upward momentum which has been lacking for quite a while.
Leas
Precisely so, a limited downside atm, for sure, a silly valuation vis a vis current MRW offers & with their divi we are paid to wait, I think is a fair summation
MRW is currently more than a third of TSCO MC. Not forgetting Booker, does that represent fair value? Perhaps the market is getting a gentle reminder of the assets that the company has.
Interesting to see what direction the so takes this summer .
Lots of nay sayers here but I can see many positives, even if it’s just the yield.
Leas
Good post of yours today.
If MRW do go out, which looks pretty certain, institutions with holdings in it are quite likely to reinvest at least some of that money back into the sector, the fact that will then only be SBRY or TSCO augurs very well for us.
If I were a MM or hedgie I would not want to be short of either, these events tend to generate their own momentum.
If amazon are serious about bidding for a supermarket this is the obvious choice... Biggest UK market share.. Owning freeholds is not why they would be interested.. With Tesco they be up and running straight away... Hold on this will keep moving whilst there's interest in the industry
Is anyone brave enough to put an offer together for this company
blimey, if we got a valuation at morrisons comparison, this would probably be over 400p?
Getting a ‘lift’ from MRW. Regardless of any possible bidding war for the company it certainly makes TSCO look great value at this level.
Maybe more institutional money coming this way so hopefully a new trading range will develop.
Don't know, but we need to see 240 just to get back to the consolidation price
Are we finally going to enter the 230s again and start pushing to higher share price.. I think once we do we will leave the 220s behind at least for this year.. Any thoughts
Nothing showing in Lloyds
Barnes 86 and & Barchid yep mine just come in from Halifax check now ??