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And DOWN she drifts !
I'm swithering on buying today, one thing I've learned is when you think Tesco can't drop any lower - they can! I'd be happy buying in at 236, that's 10p down on what I sold last week and have moved the capital into an ISA ..
Dear Longtime. If you purchased last Friday (as you say) I’d be more worried because they will be diluted at 15/19. You should be buying today. My previous comment stands and is reinforced.
P100
I use an excellent platform ( HSBC invest direct) apart from this one issue about the consolidation not having been sorted out. Not enough of a 'problem' to worry about.
I had already made a purchase last Friday at a bit below the current level so it's not an issue.
It would only be so if I were not able to purchase at a lower level due to the delay, in which case I would seek compensation.
So I'm a newbie but mainly hold for long term growth and investment. I have H and L and Equiniti account for my tesco shares. Can someone shed some light into this recent news about Tesco. I had 1500 shares and was delighted I'd receive 50p per share from the special dividends which equates to about £800. I had my shares since 2007-2008 up until now when i used to work for them and they were doing BAYE/ SAYE schemes. They were at £4.30 at their peak and I had an income of under £200 a year from the dividends but now just holding them in the long term in the hope they get to this amount again then sell. anyway I am now down to 1,184 239p at a cost of £2,829.76. apparently it costs £112.67
£2,717.09 2411.55% ? although I did own 1500 shares. does anyone know what will happen? will I receive the special dividend on the 26th feb and what will happen to the share prices? Am I at a loss/gain?
PS i have chosen to take all the dividends out as cash as I don't trust what is going on
Dear Longtimeinvestor. I’m very surprised that such a seasoned pro uses such a platform that doesn’t allow you to trade your shares. Very worrying.
jr20
''Just got back in at 238.80.''
Excellent- about the same purchase price as mine last Friday
LTI
Just traded with HL - no issues.
Just looking at ones I've missed today. Eve up 90% and Kanabo 86%.
Why am I alway too pessimistic?
RW
''Just assuming that the sp will be driven down which means reinvestent will be more attractive''
A lot of people like myself will be on platforms where they are unable to trade Tesco, contributing to a lack of upward pressure on the price.
Just checked to find that this is now the third day were the consolidation hasn't been sorted, so still unable to make a purchase if I wanted to.
LTI
Just got back in at 238.80.
Think the company will provide a steady dividend, and only sold because of the uncertainty around the consolidation. At a loss to understand the recent hysteria!!
Sit back now and wait for the dividend and top up on any weakness
jr20
That has worked out fairly well for you selling only about a few pence off of the recent high.
Of course investors didn't know that 250.7 was going to be the high.
I didn't sell near the high, which a lot more people would have done if they had a workable crystal ball, so it came down to a personal decision of chance.
There were of course others selling out before XsD which resulted in the drop below 240p, at which stage I purchased more.
Tesco is currently at a level that will give a good level of income stream compared with cash, and shouldn't give sleepless nights to investors.
Just assuming that the sp will be driven down which means reinvestent will be more attractive
Thought I'd missed the bus on Monday at 239 ish, not sure now which way this is going ..
Thanks
No offence taken. Learning curve .
Basically your reduced number of shares still represent the same percentage of TESCO. You hold the same percentage amount of the company and in theory the share price should rise after 26/02. Time will tell but I would imagine there might be a lot of people reinvesting rather than taking the cash option.
My wife’s jumping up and down thinking she’s been had but in real terms she’s getting a very good tax free dividend (due to her tax status and income) and in time the share price should rise to cover the loss of shares.
Hi JR and Easy-Living
Did the equivalent re-investment this morning, even at 239.4 I still lost out by around 7 shares overall but it doesn't really affect my average in the SIPP and ISA. Decide what to do with the DIV cash when it comes Cheers GL.
So let me try to comprehend this. I had 2000 shares, they took 410 away and gave me £1000. That is something I could have done myself whenever I chose to. What escapes me or probably doesn't exist is this supposed special dividend. Thanks
AV - no offence but the info has been out there for almost a year. Amazed that you never saw details on consolidation.
Good news is is theory that you are no worse off after consolidation and SD.
I expect SP to rise once dividends are received, but you can receive dividend and hold as cash if you don't want to buy on the day
I was under the simple impression that I would get 50p per share as special dividend. This consolidation of 15 shares for every 19 shares has taken me by surprise. Special dividend coming next Friday and my account will reinvest them in TESCO shares. Again it will be at the high on the day. AM I right in thinning that as a share holder its we are going to loose some value on the day. Long term is different story
Sold at before consolidation at 248.
Planning to go back in under 240.
£5bn return to shareholders on dividend day should result in price uplift.
In theory I'm probably right in practice I normally **** up.
GLA
I will be topping back up to my original share number, probably today or tomorrow . The SD will just replenish my funds buffer. I would like to see approx 1.5p added to the next divi which would bring my yield back to where it was. Hey ho.
Rather than wait for the re-investment to go through, is anyone else going to re-invest now, with their own money, before the rush of re-investment orders that will come in once the special div is paid ? And/ Or anyone planning to trade the spike in the share price ?
Apologies last post
Tesco double charging customers news is on MSE. Money savings expert site. Martin Lewis's excellent site.
Apologies. That last post of mine was for attention of "Clueless"
There is for new investors just experiencing the understandable confusion over a give on one hand - and take with the other. Something Government practices when determining budgets. The natural thought would be to wonder whether the imminent final results and subsequent final ( larger than interim) dividend will defray any losses on the SD /Consolidation action. When I started investing in shares, I thought I'd got a pretty god grasp of it - UNTIL I came across an SD/ consolidation on one of my investments and it was brain bummer fully understanding it. I came eventually to the conclusion that it was the opposite of a rights issue, which effectively dilutes shares with an inevitable reduction in share price. Maybe that's the way to look at SD/ consolidations in a clearer light?