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A massive amount of sells going through today V's buys (24m sells, 3m buys) - wonder if some news has leaked about the Xmas results?
I doubt the results will be bad, but TSCO does have a bit of a track record of dropping on results irrespective of how good the results are. Might be a bit of that.
Sainsbury’s results today were good and I’d expect Tesco to outshine them tomorrow. I sold some SBRY and added to my holding here. This should break £3 and hopefully we’ll get close to broker targets this year… (although brokers targets are generally way off!)
As predicted.. good set of figures, expected to beat upper range of profit forecast for FY, SP drops.
You called it right Owl - could see the big sells earlier in the week ready for the drop today. Long term the business looks in really good shape - looking forward to a good divi payment at year end
being a novice i am totally confused.
why have the shares gone down and not up??
Share price falls on good news due to the shares having built into price the expected good news already and over cooked it.
Bit like knowing you have won the lotto , but not sure if it’s £100 million or shared between 10 people and £10 million. So you start planning as if it’s £75 million and when you find out it’s only (lol) £50 million you have to cut back on your plans for the private island and send a message to the estate agent you can’t afford some of the property they have sent you.
Lovely analogy!! :-)
There is also a pattern to Tesco on results day over the last few years - post strong results and the share price dips as people slice off profit and then it rises again over the following week or so. Wouldn't be surprised if this is up towards £3 again by end of next week
It's very likely that employees have a blackout window and not allowed to sell for some period immediately before results are published - especially those at the top who would have some inside knowledge of how things are going before things are in the public domain. So those who might want realise a bit of cash after Christmas might not have been able to sell last week but today can do so, it may apply to only senior people, but in the firm I used to work for there was a blanket ban for all employees for a whole month before (each quarterly) results.
As an employee of TSCO, I can confirm that the majority of employees aren't subject to blackout periods, as we aren't privy to the full results beforehand. Those on the PDMR list (ie senior directors) are subject to dealing restrictions.
Thanks for confirming @Owl85.
Spot on. Bought at the bell this morning and was delighted and surprised to see £2.84 to which I said thankyou very much. Has already recovered to £2.88 same day. Brokers predict medium £3.20 and high £3.50 this year and let’s not forget the likelihood of greater dividend. Won’t make any assumptions of a takeover, bonus if it lands
Giraffe totally agree, well run, profitable, stable and boring. I topped up too raising my average. In a rising interest rate world. Tescos is good place to park my savings.
A few analysts see 300p to 350p this year. Many predict an increase in dividends to match profit hitting above high forecast.
Sales up , market share up …..yet SP taking a hit over last two days.
My opinion is that markets is worrying about inflation and rising cost of living hitting retailers like Tesco this year and next.
Personally I think they will and are large enough to navigate way through this.
Millcottage - I agree they shall on-pass any inflationary pressures just like any other supermarket, just look around any shops in your own neighbourhood these days and they have probably priced their goods accordingly business as normal IMO DYOR