The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Hi Mr P. Agree and Tesco is purely an investment for me also. I believe though that had I not worked for Tesco I would not have become a shareholder but the lure of share options and other tax and NI efficient schemes got me to where I am today. I suspect many Tesco staff and retired Tesco workers are in the same boat. I recall asking one of my investment customers who had a holding in a company the shares being acquired in a similar fashion "If you did not hold these shares but had an equivalent amount of spare money in the building society would you go and invest the savings in this company" The answer was NO, so on that I questioned the wisdom of holding them, they subsequently lost all the money when the company collapsed. Asking myself the same question my answer would be "well I would use some of the money to buy shares but not to the amount I currently have invested" So on one hand I should reduce my holding but on the other hand I enjoy the steady returns Tesco provide. Its a dilemma.
Badgernator,guitarscot and Mr Picky loved your humour here. On a more serious note I would like your opinion on this. I had read a bit about that Warren Buffett chappie who mentioned that companies cannot get by in offering good customer service they need to "delight" their customers. In M&S the other day and they had ran out of the ordinary fillet steak (I could only get one pack instead of the 2 I required} and had to supplement second one with a much more expensive one. The shelf stacker said there was no more so I continued to the till and joined a few people in the queue, After a couple of mins the shelf stacker comes running up saying he had found some more in the store room and he said these look better than what you have. I personally believe he had done his best to help me and in general I find M&S staff very good. My point being could Tesco staff be more accommodating with customers to generate more goodwill. At 70 years old I will admit to being a bit of an old f**t and have "old values" am I out of kilter with the masses.
sorry should have introduced myself. i worked for the banking side for 6-7 years before retiring. i had tried to suggest to local directors how extra growth could be achieved. before covid i thought tesco should get into the funeral trade with their loyal older customer base a good few clubcard points for signing up to a funeral plan (special 0% offer if bought on tesco creditcard) the lorries are refrigerated so could have a small area concealed to transport the coffins around the country and suitably trained tesco workers could drive the he**** etc on the day of the funeral. i put this to the directors at a large gathering of tesco workers who i am afraid thought i was taking the p***. a bus came by and i mentioned tesco could have a picture of a up marked coffin on the side of the bus with the caption "tesco's finest" this brought loads of laughter but actually i was deadly serious would have made a fortune. better option than paperchase in which aisle i have never seen anyone buy anything.
As a brand new member was interested in the gain being made if the share price goes up 1p. I have been a regular reader of posts for Tesco for some time. I was wondering why no one posted their losses if shares went down a penny.