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London, are you a bit of a dreamer? Why would they want to take on the TSCO issues when they can start with a clean slate and create their own model!!!! JJ
If Amazon buys Tesco then sky is the limit ..finger crossed X
Lots of emotion. All I am saying is that there are better opportunities.
TSCO not the only share you could buy/hold.
To be honest I’m a bit scarred by my holding it for too long. Feel free to ignore me!!
Underdog, Steve B is only making a valid point, there are a number of competitors weighing on this SP & possibly new players coming on board to water down profits i.e. Amazon. Recovery stocks as stated are also a worthwhile consideration. As far as my personal recent recovery buys go, BARC +57%, VOD + 22%, LLOY +21%, BP +19%. As for TSCO they are down 8% for me. So a valid point re recoveries & I only see oilers going higher especially after the OPEC meeting yesterday.
So steve B you make money buying shares when they platue and peak?! Well f**k me, I should have bought Tullow oil at 48p not 20p! What an absolute idiot I am! ??
Thanks for Reminding me not buy TSCO its lowest point since 2016... Gosh how foolish a return that would make in the near future. ???????
yes seems to drop everyday,
frustrating but there will be a turning point
s15
''All Tesco holders would be better off elsewhere at the moment''
Not sure how you can come to that conclusion. That would depend on the choice of an alternative investment - like tossing a coin as to whether the choice would be better.
I will be keeping my Tesco investment to hopefully pick up a safe 5% forward yield.
Yes it has been doing well.
But the market is forward looking and it sees greater challenges for Tesco when it looks ahead.
There is also relative easy money to be made in the recovery stocks right now. All Tesco holders would be better off elsewhere at the moment.
Strange things happening here, it goes up to 2.50, then consolidation, a little payback for the less shares, , and it just keeps dropping, all for a company that has been doing well ?
Several trades buying in the MILLIONS of shares. Hopefully a good sign looking forward
The proceeds are dividend only. You can't treat them as Capital receipts. I am disappointed that Tsco didn't offer a choice of treatment as it would have been useful to use the CGT exemption rather than paying Income tax on some of the dividend .
cheers Mike that was it exactly , as I am going through my TAX affairs I thought id try and clarify this matter,
Hi Sid_fiddler69,
Not a daft question at all!
If you're talking about gains/losses for tax purposes, these days (since about 2008) it's all done by a so-called "Section 104" holding of shares. In simple terms, if you have a holding of any one "class" of shares (eg Tesco shares), and this was built up by buying in more than one tranche, at different prices, they are all treated as being acquired at the *same* average price. If a consolidation of all your shares takes place, then, in the Tesco case, the average price goes up by 19/15. So it's then even more unlikely you'll "officially" make a taxable gain when you sell. For example, my overall average cost was about 320p per share, and now it's about 390p! At today's selling prices, about 220p, it would take a miracle for me to make a taxable gain! If you want more detail, if you go back through my postings to about 13 Feb, I posted 3 links to relevant HMRC webpages for another gent who asked a similar question. (If you click on my blue screen-name that takes you to my posting history, which is probably a bit quicker than scrolling back through all the Tesco postings).
I hope that helps,
Mike.
I personally don't include dividend income to offset capital costs for calculation purposes, but in the case of the Tesco 50.93p I have, as I consider it a return of capital.
sf
''This will sound like a daft question, but ill ask it anyway,
How do we work out if we have made a gain or a loss?''
yes it is.
I normally look at the amount I receive on a sale compared with what I paid out when I purchased.
Of course, whether you want to count the 50.93p per share return as income or an amount to offset the cost of purchase is up to you.
Look out for that iceberg!
This will sound like a daft question, but ill ask it anyway,
How do we work out if we have made a gain or a loss? I know what I paid for my shares and I know what I sold them at but with this consolidation has that affected anything apart from being less shares ie ( 15/19)
Hi Rockonuk01,
Yes, I use CFd's if I want a relatively short exposure to a particular position, i.e I was lucky when BP fell 17p on its results day, that was a 2-3 week max for me. Tesco is a more longer term position for me and I want the yield in the background, which is unusual for me. Yes I make use of CFd's cautiously , I 've been burnt a few times though but they are very useful to get solid exposure for a given short term oppo. GL
really good value here, I bought a few days ago for 223. Dunno if it will drop to 200 first, but this should be 280 by end of the year
Yeah Amazon fresh sounds great... https://uk.trustpilot.com/review/amazonfresh.co.uk
Another Haven Health...
Hi BaysilHope,
Thanks for taking the time to reply. Although I'm *not* a trained accountant, I can certainly see the sense in what you say. The potential tax allowance, also, is something to bear in mind. And of course the fact that whatever total dividend "pot" can be afforded now gets divided between very significantly less shares, not just as a once-off but going all the way into the future (unless they change their capital structure). There are a number of factors that (somewhat surprisingly) the market doesn't seem to be pricing-in at the moment, which, as a long-term holder, are good news. I look forward to seeing the full-year result results in April, when hopefully for the first time we'll be able to see a "clean" balance-sheet reflecting all the recent changes. Of course the slight cloud to this silver lining will now be the increase in corporation tax announced yesterday (but probably to an extent anticipated).
All the best,
Mike.
Later this month we can expect the share price to rise anticipating the results and the opening up of the economy. TSCO is IMO oversold currently. JJ
will the tesco sp ever reach £2.30 again,
Hi Mike,
Thanks for your reply, in answer to your point, as an old bean counter I - IMO I would look at the double entry relating to the £2.5bn bank payment, firstly reduces cash on the Balance Sheet, secondly it reduces the pension deficit liability on the Balance Sheet , the cash does not leave the Tesco entity unlike the SD, where the cash physically leaves the Tesco entity as a distribution. The £2.5bn cash now sits in the pension fund yes, not available for Tesco to use, but does positively eliminate the Pension deficit liability in the Balance Sheet - improving Net Assets (Note 18 or 20 I believe). IMO this fact is no appreciated in the Mkt cap calcs , its a redirection of profit earned on disposal within the business entity and should get full tax allowance (if I'm correct) set off any profit on disposal for Asia sale. . Hope that helps. GL. On another point of distributions, what I like is the increase in the final divi to 7.8p on 7.732m shares costs less than the 6.5p? on 9.78bn old cap. Smart move.
Hi Mike,
Thanks for your reply, in answer to your point, as an old bean counter I - IMO I would look at the double entry relating to the £2.5bn bank payment, firstly reduces cash on the Balance Sheet, secondly it reduces the pension deficit liability on the Balance Sheet , the cash does not leave the Tesco entity unlike the SD, where the cash physically leaves the Tesco entity as a distribution. The £2.5bn cash now sits in the pension fund yes, not available for Tesco to use, but does positively eliminate the Pension deficit liability in the Balance Sheet - improving Net Assets (Note 18 or 20 I believe). IMO this fact is no appreciated in the Mkt cap calcs , its a redirection of profit earned on disposal within the business entity and should get full tax allowance (if I'm correct) set off any profit on disposal for Asia sale. . Hope that helps. GL. On another point of distributions, what I like is the increase in the final divi to 7.8p on 7.732m shares costs less than the 6.5p? on 9.78bn old cap. Smart move.