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Having called it wrong as it was about to go XD my current view is that when the monies get paid out there will be pressure on the share price because a lot of investors will put it back into TSCO. For some it will be an automatic procedure. Just how much will be reinvested is the big unknown. JJ
Just don't trust the SP enough to re-enter here...I think the SD(return of capital imo) was a wrong move to not pay down debt instead and I feel the decision was done for the BoD benefit and not for the shareholders. That's a bad omen for me for the start of the new broom's legacy. Also in a market crash this time I don't think being one of the few businesses trading will save the SP from going under £2 as we return to normality with vaccines and businesses opening up. I do see towards £3 at some point maybe this year but could be wrong and almost certainly there is some significant downside risk if wider market corrects. Glad the SD shennanigans is past as that has created all amounts of confusion whch can be see in the discussion trail on this board. All in my opinion dyor of course
Markie: I was buying at around 210p a few months ago and bailed out before the Special divi since it really was "Capital return" and did not want the hassel of having to buy back with Divi payment etc etc.
I am now awaiting another opportunity to buy back in at around 210-219P since as long as there is all this news about vaccination and "other" treatments/ theraputics, I see the Sp gradually falling. IMHO
Good luck
dividend pay day, reinvestment should see sp rise and hold if you dont need to sell
It's not unusual for a stock to retreat in value by more than the return to shareholders just after the event, especially when the market in general has also retreated. Needs time to settle.
Look in early March after possible reinvestments back into Tesco.
I still expect 280+ this year.
I’m with you Mark; let’s hope we’re both right.
Wow trb if u sell at 236 you will make about 65 quid after costs lol I hope u reach your target gordon geko lol.
I actually bought ( well leveraged) £3500 friday at 229. I think it’s dropped enough but you never know , I honestly thought with the SD out the way these migh have settled around 250 but the markets not interested, Walmart USA figures were disappointing and Asda’s was to , despite increasing their home delivery by 90%
Well if these get to 236 I’m out again
Hi all. As a newbie here I'm looking at the Tesco share price, its dropped like a stone as you all know. Do you expect it to drop still further this week and after the 26th feb or is the drop already priced in? It looks to me as potentially a good time to invest as it hasn't been this low since 2017 (using basic search tools for the share price). Thanks Mark.
Is there still time to do that, would they not have a cut off time ? Thanks for the reply appreciate it
Post is referring to people in general and not you specifically Chelwood.
Chelwood
Agreed. But in the event that it carries on, my heartfelt plea is please, please, please learn the difference between fewer and less because it is irritating the feck out of me.
Kazza
What DT says. Also, you would have received a letter / email about this fr om the company. There is a telephone number on it, also on the Colleague Help web site. Call them, they are very friendly, they know their stuff and they wont bamboozle you.
Heartfelt plea.
Please change the record next week.
Kazza
Unfortunately not - an alternative thing to do, if you don't need the money urgently, is to change you dividend preference to reinvest and then after 3yrs they are tax free and you can then sell them at the full value
As someone who buys shares through baye and saye , I've decided to take dividends as cash is there away around getting hit with tax, currently lower tax payer . Never sold any since I started with the company and unfortunately not clued up on it as it was for me to retire a little earlier any advice gratefully received.
Tesco Mkt Cap now £17.7bn 7.73 bn shares at £2.29 (Was £23.6bn £2.41 and 9.77nb shares in issue, less the £5bn SD thats £18.6bn with no vale set on the £2.5bn pension relief - Now post Cons - there's no surplus shares and a chunk of spare cash will hit the market 26/2 , will the II's be upset? - or thankful for the cash , doubt it's no , will retailers re-invest?? EPS will increase to plus 16p PE ratio based on pre cons 19.6 = thats £3 a share next 6 months as the UK economy recovers. Peeps we are getting played - not a short term turnaround but with 20% less shares in circa - demand will pick up - no doubt. GLA EPS will grow and divi per share. The lower this tanks the more I will add.
Call me a cynic, but I do think this consolidation has financially benefited some presents and ex board members. They have form when it comes to looking out for their own interest over the ordinary shareholders.
Remember when the board of Tesco changed the way it calculated bonuses for supermarket executives because rival Ocado had became too successful. That move allowed the then CEO Dave Lewis to get an extra 979,113 free shares which he has now received £498,368 in dividends.
Let's not forget the drag on profits and therefore the share price Tesco bank will have. The UK banks who have reported to date, have had to make further bad loan provision so expect similar action from Tesco bank.
st
''the share price has never risen only dropped''
At the time of consolidation the share price of Vodafone was about 228p.
I subsequently sold some Vodafone on the 26th May 2015 at about 255p, so it is wrong to say that they only went down.
Most shares go down as well as up.
But reinvesting and acquiring more shares that are dropping in price is a lose lose just like Vodafone when they sold Verizon
the share price has never risen only dropped, because they offloaded a valuable asset and dished it out to shareholders whilst doing a share consolidation at the same time. The only plus was that you could have Verizon shares instead of cash.
well said Tigra,
I got out of these at the last minute (240 only) otherwise I'd have had a shedload of tax to pay on the bonus income Dividend. However that crystallised a capital loss - so much for rewarding LT holders ! all they had to do was issue B shares so that each investor could time their ideal time to sell. But IMHO the deal was a stitch up to augment HMRC tax take , the Registrars and the legal teams ending up being the only real beneficiaries. But there's no point in bleating on about that Drastic Dave tactic any longer...
remembering " fools and their money are soon parted ". Still looking at the gradual fall in price I'll be a TSCO rejoiner when it get s back into the 220s ... like CSDI , my buying is mainly a strong signal to sell [ and vice versa)
Since we have got used to shopping at TSCO , it goes against to grain to shop in places where we dont actually own some of the store , hence the decision to rejoin . Shame that Waitrose has no quote - their pizzas, freshness and range of food beats Tesco. Dractic Dave needs to send his team of buyers there and copy a winning formula
Tigra Interesting post.
The MMs probaly have done that, but in the medium term (2-3 months( they wont be able to manipulate the market. The investors choices will rule.
Really LTI?
Who have you invested in. Unilever?