Member Info for bertram

Hope I am not catching a falling knife, however money in the bank is making nowt so I will welcome divi at 7% all day long. I refuse to be shaken into selling by whoever is manipulating this share. Sod em. GL all holders,patience needed.

I agree with your thoughts and will do likewise, minus the remortgage, top up at some point. There does not seem to be any bad news out there so think this share is being played / manipulated. Someone shaking down BT scaring the small investor and ready to mop up cheep shares. Only my opinion of course. An old sea dog saying is "hold fast" Its what I will be doing for now.

You really are a bucket full of misery. You are right about me clearing a pub in 30 seconds, I`d just tell everyone you are coming.

Called at my local Tesco for a change and was pleasantly surprised at the improvements. Getting their act together.

"If you can't beat 'em, join 'em. Ooops, too late.." Well better late than sorry. *-))

Yeah jonjo I may be being overly pessimistic but we never seem to win in our dealings with Europe. Always getting the s41tty end of the stick and being told what a great deal it is. Tesco holding well today against the tide. Good stuff. 8-))

Don`t count your chickens John, our useless appeasing prats in Westminster will probably allow Europe to trade here free whilst we get clobbered with export duties. You watch.

Why thank you, and a belated happy new year to you.

Companies struggling with huge pension liabilities are expected to seize on an accounting gambit by Tesco that enabled it to wipe �3 billion off its stated staff retirement bill yesterday. Changes to the assumptions about future investment returns cut Tesco�s estimated pension deficit by �1.77 billion, while an adjustment to assumptions about workers� life expectancy cut it by another �1.32 billion. More than a third of a million past and present Tesco staff are reliant on the defined-benefit scheme. The assumption changes helped to shrink the stated shortfall from �5.5 billion in February to �2.4 billion in August. That improvement was in contrast to the deficit estimated by the trustees to the scheme, who said that the shortfall rose by �250 million to �3 billion� From The Times paper.

Companies struggling with huge pension liabilities are expected to seize on an accounting gambit by Tesco that enabled it to wipe �3 billion off its stated staff retirement bill yesterday. Changes to the assumptions about future investment returns cut Tesco�s estimated pension deficit by �1.77 billion, while an adjustment to assumptions about workers� life expectancy cut it by another �1.32 billion. More than a third of a million past and present Tesco staff are reliant on the defined-benefit scheme. The assumption changes helped to shrink the stated shortfall from �5.5 billion in February to �2.4 billion in August. That improvement was in contrast to the deficit estimated by the trustees to the scheme, who said that the shortfall rose by �250 million to �3 billion� Taken from The Times.

To be fair its not just Tesco who are using age reduction to lessen pension liability. But it is a shady practice and may be storing up litigation in later years.

WWT, The Tesco HR chief won`t really be a problem for Tesco. What will be a problem is the way they are reducing the pension deficit. They are reducing life expectancy. So this then reduces the pension liability a great deal. They might reduce age expectancy to say 67 and hey presto, no more deficit. Just another example of Tesco school of accounting. More fines in the pipeline in years to come. You would of thought that selling rotten turkeys (not you jonjo ) at Xmas would also be a worry as next year those shoppers are very unlikely to shop at Tesco. Tesco is not out of woods yet by a long way ,times are tough.

Better reading there. From memory I think merger cost was around �4 billion However I can`t find where I read this so not verified. At the moment I am sat on cash but watching Barc, BT, BP, and yes opers tsco. I think you may be correct about an initial SP surge then to settle back a bit but we can`t judge yet how the city is going to react to deal. I am just not sure. One thing I would not do though is short Tesco. Good luck to you to.

Just a thought, Has the notion that the Booker deal going through could actually damage the SP ? Everyone seems to think it will head north but I am not sure. The price tag alone is going to heap more debt on Tesco and thus effect divi. Admit it or not all the big 4 are being squeezed by the discounters. Just a thought opers, without animosity.

A bit rich from you telling anyone to grow up. You behave like a pre- pubescent school girl saying "miss miss he`s called me a name boohoo. Now I suppose you will report me again once tears have dried. Stones and glass house comes to mind. Opers knows why I post here,ask him. Anyhow nothing you have ever scribed is worth reading so from now on I will ignore you. more interesting watching grass grow. So long cheeky.

Been involved with numerous share saves over last 20 years. I know how they work I think. I find it strange when the alll knowing one says "do they get a divi"

I have been involved with share schemes for 20 years. Made nice package each time. Find it strange when the all knowing one asks "do they not get a dividend."

"Do they not benefit from the dividends" You just don`t realize how daft that question is. It shows your total ignorance of company share schemes and thus leads me to think you have never been employed by a company with schemes in action. If employed at all. Stop guessing it makes YOU look foolish. Short lesson- You usually have an option to buy shares in your company at a reduced price. 3,5,7 years your choice. You then have an agreed amount taken from your wage. During the term you receive NO dividends. At term end you are given an option,- return of investment with a small interest amount or- take up shares at option price. Olliebear was merely noting your ineptitude in this area. Educated arrogance will be your undoing.

You did say words to that effect that olliebear refers to. It appears your post has been removed so please stop being smug. I to thought at the time you know absolutely nothing about PAYE share schemes. Come to think of it you know absolutely nothing about anything. Keep those rose tinted glasses clean cheeky. ttfn.

Very good posts Sir, not just for the points pointed out to jonjo but also for the info they contain. A good read for a change. ATB.