Member Info for AllAtSea

Agree. I have upped my stake.

Some interesting points made. Nevertheless, based on Tesco's recent past I am very wary of the way they present the 'facts'. I have considered purchasing their shares but am holding off until I know more about their pension fund deficit and see a plan going forward that gives me confidence. The pension fund needs a serious interest rate rise and reduction in its potential liabilities. For starters I can't see any likelihood of a rate rise whatever Carney might say. He will lose the faith of the forex markets soon. As for telling others where to invest, that's not my intention, DYOR as they say.

The remedy is in Tesco's own hand although Dave Lewis is to some extent between a rock and a hard place. My knowledge of the company suggests to me that they are leaning on staff whom they wish to see leave with a range of measures some of which appear despicable and callous. Is this what shareholders want? However, I have no doubt Mr Lewis is aware of Sir Philip Green's reputation given his handling of BHS pensioners rights and thus does not want any publicity. Those who complain about their treatment loudly enough are likely to be quietly paid-off. It would be better if Tesco bit the bullet and offered voluntary severance to those it did not wish to keep as has been the practice at other blue chips with untenable and rising pension commitments. Unfortunately for its shareholders and staff, Tesco is old school grocery and there are high tech competitors out there who would like a slice of its business and who do not have the baggage Tesco is forced to deal with.

..is its pension deficit with little sign of an improvement and pressure to increase its contribution. http://www.pensionsage.com/pa/Tesco-pension-deficit-more-than-doubles-despite-strong-sales-profits.php Inflation continues to rise which won't help and crucially Tesco also has a large number of long-serving staff whose expensive pension entitlement increases week by week. The brutal truth is that it needs staff turnover since its competitors, the so-called LADS, don't have that problem. How ruthless will Tesco be in purging long-serving staff? Tesco got off quite lightly as regards its accounting fraud but the issue hangs over it as certain senior members of staff still face prosecution and there is a civil action under way for >£100m. Another problem the LADS don't face. Shame you can't buy their shares!

same old. Some comfort in a changing world ;-)

It says at the top "Interlek Share Price (ITRK)"

Thank you so much

Would agree that the retail sector faces a revolution. Other factors are the 'rise of the machines' or robots and artificial intelligence plus the brave new world outside the EU and doing US deals. Change is inevitable and Tesco is certainly no longer at the top of the food chain, so to speak.

Are there a lot of worried shorters out there?

Two things: Trump going down and interest rates going up. Both probably factored in to a considerable degree by now. Apart from those, there's China the ME and to a lesser extent Brexit all old hat by now. What have I missed? Why would I trust Goldman Sachs? B*st*rds.

Steady as she goes Cap'n.

I suspect that bailing out in a few minutes would prove painful altho' my holding is modest. OTOH, there's always a chance that the first reaction will be excessive and I would regret realising my losses immediately. In fact early trading might even be a buying opportuinty! The example of Lloyds is very scary but maybe an exaggerated prediction. Don't panic Mr Mainwaring, Don't panic!

You can read all about it here: http://www.aviva.com/media/news/item/aviva-to-commence-share-buy-back-17773/ Is it good news? If I knew that..

Shame, I thought it might have been their own shares!

Needs a breath of fresh air. António Horta-Osório for Chief Exec instead of Flint?

Really? Got any more advice? ;-)

..tomorrow. My mate in accounts has been working his socks off on 'em but he won't tell me anything :-( We don't get inside info at our level. Ever hopeful.

Your fault. I got back in y'day at 665. ;-) If Lloyds can do it..

The share price was at 666 when you made your post. Seems like an Omen to me.

Time to re-enter?