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The dividend is essentially higher. They are reducing the number of shares by about million shares ( 4.5% of shares in free float ) and then paying 4 % dividend . This share is incredibly undervalued - I have no idea how it is not shifting higher under this CEO
Why cannot Tesco set Annual Dividend at 6% ? Do this and SP would set new highs. Esp with recent Share Buy Back. 6% is surely a realistic goal ?
Some excellent progress again.
Building toward results in April.
Big boys manipulation the price again
Has LSE stopped updating the price for this stock?
3.90 tomo
I think he keeps a lower profile than some of his predecessors, but that isn't always a bad thing. Being a prominent figure in the media can sometimes be a double edged sword on them kind of roles.
In terms of the business, the numbers are coming in and the SP is in a general rise, so can't fault that too much either.
It certainly is moving.
Relieved that the rapid decline was halted and the price is rising again.
Best thing since sliced bread (Tescos own).
Open question.Thoughts on the CEO anybody
This will move tomo
The sp of both Barclays and tesco have barely budged so the price is deemed as fair for both sides. I’m happy for a buyback. I’d rather a capital gain for the minute until I retire
Tesco Express are expanding in East Midlands.
Please note our local Co-op is to be replaced by Tesco Express.
However Tesco has also 'shot itself in foot' because the Co-op closed Oct 4th. 2023.
Tesco Express to open sometime early March 2024.
Lots of goodwill / trade also has been lost as contractors NOT being managed properly.
More snouts in the trough buybacks to increase senior management's bonuses and clear the incredibly low bar 'hurdles' for the self-policed remuneration committee. then they will slap each other on the back saying how great they have 'performed' over the year.
At the same time more shares will continually be spewed out in the share plans and freebie options to the BoD and management while they carry on removing humans from the workforce, cutting costs that make things worse for customers and better for Tesco.
The express by mine has now turned off all their beer fridges that I used to grab the 3 for £5.50 (that rapidly went to 3 for £6.00) Morettis from, which I no longer buy because they are in a 'fridge' that blows out hot air pretty much cooking anything inside. Apparently they are soon to be removed and replaced with shelves, because Tesco think it's a good idea NOT to provide cold beers that can be grabbed quickly on the way back from work, you know, in an EXPRESS manner.
Akhmed's newsagents now gets my custom because he has this strange idea that customers would like cold beer that can be consumed immediately after purchase with their Friday night Kebab/curry/insert fast food preference here.
The share price hasn't budged on this news so yet again, FAIL.
Pay out a friggin special dividend, let individual SHAREHOLDERS decide what they want to do with their own money.
All the best.
Yes it shows that I need to follow my own advice. Have a good day. JJ
The exact wording is....
"The majority of this cash will be returned to shareholders in the form of an incremental share buyback."
Seems pretty clear to me, no?
The RNS says " the majority of the cash to be returned to shareholders' which in my opinion allows for some form of dividend. I was not saying anything about you. But I had the impression that only one of the RNS could have been read. All the best. JJ
I did read and digest it, thank you.
MY opinion, differs to YOUR opinion.
How does the simple task of paying a special mean the bod would be distracted from running their business?
Your post is confused and ill thought out.
Read and digest the RNS as IMO this is good news and helps the BOD with focus on the underlying business. JJ
Totally agree, getting sick of this buyback thing.
So why not a straight forward special then?
Because last time out it was a complete and utter shambles with the resulting consolidation they did with it to maintain SP.
Why not special div!
What's Sainsbury got to do with Tesco?Why should poor policy at Sainsbury affect Tesco which is much better run.This Stockmarket is the pits-i am not surprised at companies wanting to move elsewhere.You just can,make any headway.
Fallen away again in a big way today after news from sbry. All over the place at the minute.