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Heard these rumours about Amazon for the past 6 mths and i keep think WHY would Amazon want to buy over Tesco, the UK's largest Supermarket, no real scope for expansion in an already competitive and saturated market, why would Amazon want the hassle?? if Amazon wanted to buy a supermarket they would have bought Morrisons 4 mths ago and could have competed for No1 spot, but these private equity / hedge funds only want to make short term money.
Get your Tesco turkeys in just now.
10 depos have rejected the Tesco pay deal and have all DC's have agreed industrial action, think its been pencilled in for 20th Dec, a good possibility will be a 1 day strike.
I work for Tesco in a Distribution Centre and 3 mths ago Tesco offered a £0.22p ph wage increase to the workers that was rejected by 97% of the workers in 6 DC's, Tesco came back with £0.37p offer which was again rejected, so now its went to industrial action, so that 6 depos, Tesco could be hit with supply issues in the next coming mths, just saying.....
I am a Tesco employee like many others on here and was wondering about our SAYE schemes if Tesco does get a takeover bid etc
I am 20 mths in to a 5yr scheme and pay monthly contributions of £400 so paid in £8k so far, the option price was £2.19 and been (Promised) 11,000 shares in 2025, in total i will have paid £24k and hoping the Tesco share price is £8.50 in 2025,
(well maybe a tad optimistic)
Now my question is what happens if Tesco gets taken over and a bid of say £4 per share is accepted for example next week.
1. What happens to my 11,000 shares i was promised in 2025?
2. What happens to my funds i have already paid?
3. What happens to my my outstanding balance of £16k i still have to pay?
I have been told from a colleague that the money you have outstanding is forfeited and they just give you the shares you were entitled to at the bid price, i.e. 11,000 shares at £4, (but this sound too good to be true).
With all this talk on takeovers and Amazon etc, is there any facts or even a hint of someone putting a bid in for Tesco, I currently work for Tesco and have done for 15yr and would hate for Amazon to takeover due to my work/pension & benefits etc, but on the other hand i have over £40k of shares in SAYE and BAYE etc and be on to a good win fall, imo this is all speculation and dare i say it "hope" that Amazon come in for most, i think if Amazon were wanting a supermarket they would have went for Morrisons with them being already on the Amazon app, they can see the sales volume etc.
With the news from ASDA shop staff and the supreme court ruling that ASDA need to make some changes the way the pay shop staff and there could be back pay owed, how is this going to affect the Tesco share price, Tesco employ 320,000 staff and about 60,000 are distribution, if ASDA are told they need to pay back pay, then im sure Tesco shop staff will jump on this too?
Obviously this will be in a few yrs?
I'm no financial expert but can only see the next 6 mths being great for the economy and share prices, after the lockdown families and friends will be in party mode, buying BBQ's, gardening stuff, beer etc, people booking holidays (or thinking of) and remember the Euro 2021 football in June, England, Wales AND Scotland are all in the comp which usually encourages guys to buy 65" flat screen TV's, beer and beer i can only see the SP increasing in the coming mths. Just my thought.
Thanks guys for your input and advice, i have just sold the max i can before i get hammered on CGT and will be opening a S&S isa going to put in £20k this yr and anther £20k in April. Thanks and i think its my time to get my fingers in other pies...????
Newby here and first time poster, so pls be gently, im a Tesco employee and looking for some advice from all you smart peeps?
1. Any Tesco employees that have shares tied up in a SAYE scheme should see a greater return in the 2,3 or 5 yrs time they mature as they have already been allocated a set number of shares and hopefully are well over £3. Tesco has also put in 2.5billion into the pension so this “should” make the company more solvent/appealing for future investors.
2. I usually get my dividends paid by reinvesting in more shares, instead of cash, when this happens on 12th Feb, will the shares from my “reinvested dividend” buy the shares and put them into my account straight away?
The scenario I do not wanting is for my dividend to be paid to me on the 12th Feb i.e. Sold and rebought on 26th, a lot can happen in that 2 weeks, theoretically they could be selling my dividend shares at £2.40p and buying them back on 26th at £2.70p, if this is the case I would just change to a cash dividend and hope they are below £2.40 when the dust settles.??
3. I have 21,000 shares in Shareview, I’m looking at around £10,600 dividend and proby have to pay close to £850 tax, then there is the prospect of the shares being less than £2.40 on 16th, 17th etc, I don’t have any ISA accounts, what would you recommend?
Ideally I want to keep my shares in for the long term i.e. 10 yr plus but maybe think a stock & shares ISA etc??