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Blow me , where am I going to buy my Polish now?
Hi Svend, Back in Apr 20 Tesco was £2.17 and maintained its divi when others failed, we hadn't sold Asia so the $5.7bn wasn't realised in the results, yet Tesco Mkt Cap 9.9bn shares was +£21.7bn. Quote 'Savers' lifeline as Tesco mulls £550m payout: 220,000 small investors in line for dividend. 'Millions of savers will also benefit through their pension fund, with Tesco one of the most widely held stocks. Banks were last week ordered by the Prudential Regulation Authority to scrap dividend payments in order to conserve capital so they can lend to small firms and households. Quote 'The disposal was unanimously agreed by the Board to be in the best interests of all stakeholders -The disposal will further simplify the Group, enabling a stronger focus on driving cash generation and returns to shareholders from our retail businesses in the UK and Ireland and in Central Europe'. So all this - With total Institutional Investor support, who have had a WINDFALL payout when divi's dried up the most in living memory. SO THE REWARD - at £2.20 and 7.7bn shares Tesco market Cap <£17bn, a £5bn drop in MV, despite an increasing payout in the pipeline, no pension deficit for many years (with 60k less staff) and business on the up??!! I think the II boys are seriously light on Tesco at the mo (IMO) and have been slowly quietly adding their positions under the cover darkness hidden using the UT dark arts DYOR. This is no way to reward a BOD - who have played a straight bat, complete II consultation and delivered a £5.7bn profit of disposal in the year and are increasing the payout FFS. I'm in and will not suffer FOMO syndrome, I might have the old fretful night however , but thats part of this frustrating job!. . GLA DYOR
BasilHope Agree once this monster wakes up even the Loch Ness monster may start gobbling there as seen when Berkshire/WB had an interest in the Co a few years ago. now it's more focused, learner, centralized and riper for a potential takeover than ever.
Patience my friends patience. This is a good level to buy for medium to long term. Tesco will deliver.
Get in now if you can.
Great investment.
Dyor
Hurry not long now
I would hazard a guess at a drop to around 210 when they will take their profit and walk away. Did the same back in Feb when the drop was 242 down to 223.
So I’ve been looking at the charts and you can clearly see there’s resistance at 220 area should this be broken next stop is 210 , we have been below the moving average for most of March ; I’ve recently bought $4250 at 228 a little high I should of waited for 220; but I can see this popping back up to 240 area soon ,I’ve set my profit take at 245 as that’s within the recent tops of the last year, I’ve set my stop loss at 206
I work for Tesco’s hate em with a passion but believe with the pension paid off , dividend in place this should be defensive at these levels ,
My 10k I diversified away in January is doing well up about 20% plus whilst this is Down %4 heck even old marks and Spencer,RR,Glen ,tui are kicking Tesco’s in the gutter ,
I have a $850 position in Morrison’s and looking forward to their results tomorrow as that’s to a degree a barometer of where where likely to follow .
Why not buy both? They do not move in tandem necessarily.
Some Shorts get burned.
Only just starting to buy here so that is good news
Seems on the 8th March Marshall Wace took out a short position for 0.5%. This is not good news for a grocer during pandemic. Just wondering what they have in mind, perhaps just a short term gain !
So it seems we are in for a drop at some stage when they start off loading more. Hold onto your breaches.
Nice to hear from you, hope all is well with you, your family and portfolio. Stock choice is more difficult now than ever IMO, so much volatility and valuations travelling in the most extreme macro economic times for decades. I've gone for yield and the 21% reduced provision of shares which should extenuate trading performance over the next few years., in terms of EPS PE ratio, yield and market Cap - this should be less risk and more moderate growth than other probably more exciting options ( maybe a tad boring until II's wake up) - fingers crossed. GLA
Good afternoon Bays
I can understand the rationale of moving out of one sector into another but as you point out MRW?
I have to say I was tempted to sell TSCO before SD and buy MRW but the pending relegation at the time convinced me to stay with my strategy.
I am not trading this so despite the day to day sp movement I will see if it was the right decision in 5 yrs. if the yield covers 25% if my capital investment then I will be happy.
I know the risks but I certainly won’t be blaming the BoDs or anyone else if it doesn’t work out.
MRW is a good company no doubt but why switch? Tesco just made a £5bn SD form earned profit on disposal, which is greater than the entire market Cap of MRW (and don't get the credit for such a deal) , they are the 13th most shorted share and could fall out of the ftse. The 21% share buy back I call it, is no different to Warren - Buffett is buying back more Berkshire stock this year after record $25 billion repurchase in 2020. It will manifest itself in a higher SP, after the II's take out all the cheap shares of impatient PI's, distracted by the constant SP rise in COVId financially challenged companies - we know who they are. Tesco would have run this £5bn SD scenrio via II's as the most efficient utilisation of cash resources for the longer term - to get the optimum investment support. IMO won't be too long before things turn as the UK & US stimulus lead recovery gathers momentum and we emerge from lockdown at key milestone dates. There are only weeks not months to cement a position here at bottom prices. It will be interesting to see how MRW results pan out on Friday 11th Mar .IMO DYOR GLA
Apologies if this has already been covered as I am new to this share. Is there a qualifying period for holding shares for a dividend or is it if you have them on the nominated date you get them ?
Pretty sure you won't get in at £2.00 , should be a lot closer to £3.00 especially with a juicy dividend in the not too distant future
Blimey is there an echo in here?
Pretty sure you won't get in at £2.00 , should be a lot closer to £3.00 especially with a juicy dividend in the not too distant future
Wow. Pass me a lemon. Posting history of bitterness. Must be great to live with going through a pandemic.
If you are waiting for £2 I don't think you will see it, should be nearly £3 IMO especially with a juicy dividend this summer.
Chelwood, allow it to wash over you. IMO this is going to be above 250p later in '21. And take comfort in the fact that Waitrose are losing their sense of direction, the fresh produce leaves a lot to be desired here in the Thames Valley. JJ
P.S. is Chelwood anything to do with living in Cheshire?
Why do you feel the need to post,i am sure no one is interested.
If you think others are better then go and invest your money there.
If Tesco is that bad why will you still invest,you must see potential
glad to be out of TSCO despite realising a Capital loss. Should have been more vigilant and sold out much earlier but foolishly trusted the BoD.
Ready to buy in again below 200. but for now Im shopping at SBRYs and Waitrose - quality and experience is vastly superior IMO
Least said the better, proby still finish above Liverpool though