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You will receive a dividend payment on Friday 26th which HL will reinvest in TSCO on March 11th if that is your instruction on income. The DIV tomorrow wil make up the difference (in theory) It is a lag only.
Pothouse > I am sure they are not putting all their eggs in one basket
coxy - you're right - this will see 300 again this year.
It's a safe bet IMO. Nothing that's going to set the world alight but I see this giving really good returns.
I took 50k shares at 222 so I'm feeling very confident that I'll see good profit in the short and medium term.
Amazon has good linkage with Morrisons at the moment, maybe they are testing the waters.
Alpha
Your shares have been consolidated to 15 shares for every 19 you had before the GM earlier this month.
Hi Alpha86
On your H&L account check the number of shares showing that you hold. They should differ by about 20% less than you think due to the recent consolidation that happened.
"Having sold my stake at 240 to avoid being taxed on the SD "
All that means is that you have not got your financial affairs in order.
I bought Tesco shares last year in March for 216p... the price is now 228p but on my HL account I'm seeing a loss on my overall position.
Can someone explain what has happened? I know we're getting a big divvy this week but why has my position changed?
coxy - Analysts update estimates
The 2021 consensus earning per share (EPS) estimate was lowered from UK£0.12 to UK£0.11. Revenue estimate was approximately flat at UK£58.8b. Net income is expected to grow by 5.1% next year compared to 24% growth forecast for the Consumer Retailing industry in the United Kingdom. The consensus price target was lowered from UK£3.52 to UK£3.28. Share price is down by 4.1% to UK£2.28 over the past week.
Over the last year investors have been looking forward to some date or other, often to be disappointed .. tomorrow is another case .. share price has recovered a little which might persuade investors to reinvest their dividend ..
Svend, many thanks, with the pound strengthening against the $ British businesses will be good value, Tesco is ripe for takeover during 2021. Only time will tell.
Chippy - It's baking in the oven ;-) https://www.thegrocer.co.uk/leader/tesco-manda-might-sound-like-a-wild-prediction-but-supermarkets-are-in-play-for-all-sorts/652169.article
NB - Tesco pay's 100 % more dividend than its uncle COSTCO ;-)
20% reduction in shares in circulation = 20% increase in EPS unless revenue falls 20%!
70% of tesco is held by Institutional investors, pretty sure the vast majority of that will go back in (nearly 4 Bln) very soon.
I've been increasing this week Avg 227 38k shares
300p this year.
I could be wrong here but I don't think so.
GLA
Chippy - It's in the oven baking.. have a read https://www.thegrocer.co.uk/leader/tesco-manda-might-sound-like-a-wild-prediction-but-supermarkets-are-in-play-for-all-sorts/652169.article
-Note. Tesco similar to Costco except for Tesco pays double the dividend @ 5.5% at current SP
I understand we all make losses and gains but saying sorry and predicting the future, like you are some sort of Claire Voyant?? shares spokesman?? No thanks.
I'll stick to my own intuition, this share has bottomed out and I am speculating it will go back up, I got in at 229, I see it platouing back (imo) to mid to late 2's as that's it's bare minimum.
That's my prediction- sorry for the bad news! :)
Would 2.5 billion be a fair estimate for drip tomorrow any opinions please.
With all due respect Chris, your previous forecasts on various bulletin boards have been consistently wrong.
Therefore on the balance of probability I will ignore your last comment. Have a good day.
At such a low P/E ratio and all the infrastructure in place wouldn’t it make sense for Amazon to buy Tesco ? It’s a natural vertical market for them and they did it in the states. What’s your opinion ?
That's exactly what DRIP is, a haircut exercise.... ramp up the price in anticipation of the payout, the watch the price fall back ...
Having sold my stake at 240 to avoid being taxed on the SD , I realised a capital loss but once the 30 days are up, I'll be content to come back and buy this stock when it revisits the low 200s ... I reckon it will be closer to 205 come April.
Sorry for all the LT holders with uncrystallized losses in this share, but the way the market is being played , one has to change their approach. It seems as if a stable business trades profitably and pay a dividend, then it's open season to be attacked by the algoes .... it's like staying with the same insurance coy or utility provider yr after yr and expecting to be treated fairly or being rewarded for your loyalty. That day has passed.
Tomorrow.
DRIP shafting day!
Jonvia
You have just noticed the consolidation. If you cant give a feck for your money then you don't deserve any. This has been extensively publicised for almost a year.
Baysill
Just to clarify. Tesco sold two businesses. Very different and in different countries. One profitable, one loss making.
I've just looked at Ali UK 31st Dec 19 Stats and sales £12.3bn, Net Profit after tax £211m - Pre Covid , Net Assets £2.85bn. so Net margin 1.7% PRE COVID - I don't think there is any transfering pricing of trading to & fro back to Austria. Difference Tesco & Aldi, SCALE & Diversity - Tesco have sold fantastic asset for £8bn - acquired for say £1bn and made more profit than Aldi, Net worth in the UK times 4. This is Not appreciated IMO - then after sale - reward shareholders. Seems to me, most people would like to own Aldi, with its nice colours and simplified stock provision. I know its a game and hold the SP down until, but - if any FTSE Co could make +£7bn on a sale and pass it to shareholders FFS - well done, forget the colours of the Aldi Lidl posters FFS - think big and move on from the past - IMO DYOR GLA .
Then you have IAG - just borrowed another £2bn, deferred pension cons for 6 mths +£0.5bn , income -88% and the shares are up +25%, what the feck is going on??? , - someone makes +£6bn profit on disposal , someone loses £5bn and the rewards are counter init. HNY GLA Crazy..... Time will tell.
Any thoughts on Fri closing price. I guess around 2.36.