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Https://www.sharesmagazine.co.uk/article/tesco-shares-drop-on-fears-it-will-launch-price-war-to-raise-market-share

The buyback has started aggressively, great stuff

UBS raises Tesco price target to 363 (360) pence - 'buy'

Nice considering we were buying back at a higher price months ago

The impact of Tesco’s prodigious cash-generative ability also fed through to improving the financial strength of the business. Net debt was reduced to 9.45 billion from £9.68 billion and shareholder returns were further enhanced. The announcement of a new share buyback programme of £1.45 billion and an increase to the dividend, which leads to a projected yield of 4.1%, are both clear signals of management confidence in prospects, let alone providing more benefit to shareholders.

Despite the cautious profit outlook, momentum has been generally positive of late for Tesco and the shares have risen by 17% over the last year, as compared to a decline of 3.5% for the wider FTSE 100. Regardless of the fact that investors have given a cool reception to the update, the reaction put little pressure on an undemanding valuation and the market consensus of the shares as a buy and the preferred play in the sector is unlikely to waver.

We must be the only one down :-(

I expect the next buyback to start on results day

A great write up

https://www.sharesmagazine.co.uk/article/analysts-predict-double-digit-sales-and-earnings-growth-at-tesco

Tesco boosted spending through its tills by 5.4%, nearly half a billion pounds more than the same period a year ago, to achieve the biggest gain in market share from 27.3% to 27.9%.

LONDON (Reuters) - British consumers faced more pressure on their budgets last month after grocery inflation edged higher, industry data showed on Tuesday.

Market researcher Kantar said annual grocery price inflation was 3.5% in the four weeks to March 23, versus 3.3% in last month's report. UK grocery sales rose 1.8% over the same period year-on-year, the slowest rate of growth since June last year.

With a growing profit margin, consistent free cashflow and chunky shareholder returns, Tesco still looks like an attractive defensive pick for investors looking for a way into the British retail sector.10

Maybe he's after a job in the government. 22 billion black hole... repeat.. ;-)

Tesco has given future guidance stating "We expect to generate retail free cash flow within our guidance range of £1.4bn to £1.8bn."

 

I have just topped up, looks the selling has dried up

And me. The significant director buy below was only in Jan

Gerard Murphy 371.17 GBX 40,000 90,000

Tesco are in a well better position, I expect the next buyback will start soon. The drop was not justified imo

Asda profit warning, everyone knows they have been struggling. Crazy to drop this much.

Hopefully the next buyback from the Barclays sale will start soon

Retail has a good Jan compared to 2024