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Need to break through 304 1 HR Chart...
Good update today. hopefully sp will get back to 316 or above.
good luck all
CCC.
Absolutely agree.I hold shares in a fts 250,Zephyr,formally Rose petroleum.There was a poster on the BB whose sole aim in life was to rubbish and talk down the share.It gets boring after a while
Totally agree
Eccles " There are large sections of the population who are easily convinced by repetitive disingenuous propaganda ".
And this is you all over commentating on Tesco BB, however the big difference is we see right through you and your pathetic negative views.
Nice to see the share price rise after a slight dip post Divi.
The discounters are not any cheaper now.
ALDI and LIDL are no longer cheap to shop in. In many cases Tesco and Sainsbury are just as cheap or even cheaper as people are finding out.
Hi vulture, Yes you know it doesn't make sense but neither does it make sense to shop there when one can get better deals in Lidl, Aldi and Home Bargains. There are large sections of the population who are easily convinced by repetitive disingenuous propaganda and that is why the advertising industry does so well.
Vulture
Because they've suddenly started the buyback in a big way, ~£15-16m being bought daily. Buyback accounted for about a third of publicly traded shares each day over the last few days.
Why is the tesco share price doing so well when kther big uk companies are down or just going sideways?
And after going x div few days ago.
So, Tesco's stock price has been a bit up and down lately. You know how it is, with all the competition and stuff. But they're trying, right? They're doing this digital thing, and sales seem okay.
Some of those shares bought at 207p in September 2022
The buyback is now properly underway after the 'testing' of several token amounts- obviously they were waiting for XD.
''If 306p was considered cheap by Citi Group''
They do not 'consider'. An algo will be doing the buying, which may or may not have limit prices built in, determining a maximum percentage price that can be paid over and above the average of the previous 5 market days prices.
owl
''I think they'll buy back regardless of the price''
yes the algo will pick up some of the shares available from sellers asking prices, whatever that may be on a daily basis so long as they are within rules and limits.
..progress further without either further increased buyback, div increase or an exceptional set of HY or 3Q results. Not sure what went on there, my keyboard disappeared off my phone and left me hitting the 'post' button instead.
Chelwood
I can see it settling in the 350-380 range for this financial year, this would reflect the increase in div and also decrease in shares in issue. Id be hard pushed to see it
Hi Chelwood, being realistic it could go up or down taking into account the General Election and wider world events/wars. To a large extent I expect TSCO to reflect the FT 100. JJ
Hi All
Where does everyone see the Sp going.Be realistic
I think they'll buy back regardless of the price, they will have to meet that commitment in the timeframe else they will take a hammering on the SP. What's been holding them back recently is the relatively strong rise, there's limits on what they can buy based on the average price over the last 20 trading days to prevent them (or any other co buying back) artificially inflating their SP.
If 306p was considered cheap by Citi Group to do a buy back, where will the SP be..... after the first tranche of buybacks worth £450 million is done
Big lump bought up yesterday on div drop, seems like a good plan to me. Assuming they think it will be same or higher for sometime.
It doesn't seem to dawn on you eccles that you are utterly clueless in investing.
If you had brought 50k worth a year ago, your percentage increase over a year is 8% + up, add on x2 dividends with additional £2k plus and your overall yearly increase is over 11%.
Please comeback and tell all which " building society " pays anything near a Tesco yearly investment.
Eccles my capital has grown by 25% and the div with TSCO has matched a typical BS. Hence quite happy to be invested here. When interest rates start to fall my shares will look even more appealing. Kindly justify your view of favouring a BS. JJ
It doesn't seem to dawn on most people that it's only the directors who make any decent money from TSCO. You would do better from a building society account rather than buying Tesco shares.
Today at 302p and also wait for dividends for my original holdings!