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Strange share movements, a muted early response yesterday morning, then a very good increase, today a full reveres of gains.
Seems Mr market does not know what direction to go.
This was because they sold the Asia business so they gave some of the proceeds back to shareholders. We still had normal dividends from half year and end of year. There is speculation about another special dividend with the sale of the banking business that I’ve seen on here but nothing has been advertised as yet.
Fird,
Just a straight forward dividend.
I don't think the Capital option was available. You may have treated it that way on your tax return but I think that was wrong. It was an additional dividend.
A couple of years back, Tesco paid 50p special div on one hand and on another hand reduced shareholdings from 19 shares to 15 shares. This year Tsco declared 8.25p final div. Are they going to reduce shareholding again or pay cash 8.25p per share? Please let me know.
The 50p dividend the way it was handled shafted us. shares dropped anyway. Id have rather have had the payout and option to buy more with it than what they did.
The nearly 50p special dividend of 2021 was the result of a one-off sale so we had the choice of treating it as income or capital. The normal biannual divis are (obviously) just income and the choice can't arise (by law). If the shares are in an ISA (or SIPP) the problem doesn't arise.
Yes - Excellent
Great share price performance since my purchase at 207p (in Sept 22).
Good to see another £1 Billion share repurchase programme.
Will we be offered the chance to treat any proceeds as Capital, this time?
An additional dividend is penal for those with other dividend income who may exceed the tax free allowance.
It's a real mistake when a choice is not offered.
GOODLUCK stayers
Subdued start but making a move now.
11% rise in the divi too, yum yum.
You never know regarding sp however, they’re as good as could be hoped for.
And a £1 billion share buyback.
Surely the SP will broach 3 quid in the coming weeks.
Profits up all across the board. debts down and a further 8.25p dividend paid on 28th of June ex day 18tm May.
surely the sp will rise on these results.
A positive article, but once again you can almost feel an undercurrent of the press beginning to line up to give tsco a savaging for daring to be successful, a la the days of Leahy.
Positive piece in today's Observer/Guardian ahead of results on Wednesday.
https://amp.theguardian.com/business/2024/apr/06/tesco-sits-at-the-top-of-the-food-chain-but-rivals-are-growing-peckish
They keep codling at £ 300 indeed we need them to move on past the 300 mark and make a stance maybe when we find out where the money from the asset sale of the Tesco bank business is to be going we shall get a better form.. however any more BB is just going to increase the EPS ratio in the long term.
Really doesn't want to break 300 this does it? Twice it's touched it in the last couple of days before falling away again.
Looking at the tea leaves a weekly close above 304/305 could pave the way towards a fresh uptrend once the 300 turns into support (previous double top) however the round 300 remains a mark of resistance at the moment maybe April 10 is the catalyst.
3 quid on the way.
Will it drop back on results day or surge forward?
Decisions decisions!
Agree Owl85 - if only the board do not have to face any pressing music on profit margins or factors versus passing on inflation costs which are hitting all free markets and could become a talking point with an incoming labour government deciding to have a go at supermarkets in general.
Good to see it make some progress today, hopefully another assault on £3 is underway.
I think unfortunately the grocery industry is viewed as low margin and unexciting from an investment standpoint. Gone are the halcyon days of £6 a share, a steady climb towards £4-£5 over the next couple of years would be very nice though.
Another Booker type wholesaler purchase as previous Tesco CEO would
ensure Tesco SP to head north.