Member Info for KeepItSimple1

Personally, I don't see how OPEC + can cut as much as the market has currently priced in so IMHO they may disappoint, and it could now be time for buy the rumour (which has already moved the SP) and sell the fact before the upcoming meeting.

Odey is always shorting stocks big time regardless of market conditions. IMHO, all major UK supermarkets look very much undervalued at present and should also have safe dividends going forward, particularly, SBRY & TSCO both currently look very cheap based on their fundamentals and today's unique market conditions, IMOO.

Nelly, You may end up being right on here after all, fingers crossed! And IMO, TSCO should now easily have a 300+ SP.

Looks like the upward move along with a bit of momentum has just started!
GLA

IMHO, all major UK supermarkets are a Strong Buy in this surreal environment, and particularly, I see SBRY & TSCO better positioned and strangely lot more undervalued than others at present.
GLA

IMOO, all major UK supermarkets are a Strong Buy in this surreal environment, however, I particularly see SBRY & TSCO better positioned and strangely lot more undervalued than others at present.

BTW, JP Morgan current PT for TSCO is 300, and UBS has 315!
Personally, added big time on this dip/buying opportunity. IMHO and based on fundamentals, TSCO SP is currently significantly undervalued, particularly in today's surreal environment. GLA

Still very volatile SP and may have a bit of downside ahead in the short term, IMOO.

Agree, all 4 major supermarkets currently looking like bargains of the century for today's surreal environment! However, my favourite 2 by a fair margin based on their fundamentals are SBRY and TSCO which are both significantly undervalued and IMHO, presently have much upside ahead.

Thought noteworthy that Credit Suisse Group has just reiterated it's Outperform rating for SBRY SP while at same time, also raised SBRY PT from 280 to 285 with this currently being the latest/most recent analyst rating for SBRY SP. IMO and based on today's environment/fundamentals, plenty of upside ahead for the presently much undervalued SBRY SP going forward.
GLA

Based on current fundamentals, I expect significant upside from here going forward, Wednesday results will be KEY and IMO, start of a major uptrend from current undervalued levels. .

Dodgepot, IMO and based on the news so far, as minimum I currently expect a settlement more favourable towards the DOJ than INDV and therefore, closer we get to high noon, I see further falls here, and to add to this reasoning, I also see extremely attractive/alternative options for sellers to replace INDV with at present, however having said all that, once a settlement is done/cleared, and if it allows INDV to continue operations in a favourable manner, I would re-look at investing back in here at that time.

IMO this can still go much lower from here until some clarity has been obtained.

IMHO looking at present fundamentals, we should get cracking and certainly much better than anticipated results coming up on Wednesday based on which, TSCO SP should move significantly higher from current depressed/undervalued levels and continue on that positive path going forward.
GLA

Tesco has by far the biggest market share amongst all the UK supermarkets (~30%) whereas, Iceland has only ~6%. People are now mainly staying/eating at home only and hence once inside the shop, tend to buy lots lots more products and by default, Tesco should get the biggest market share of this incredible ongoing increase IMO.

Rosewall, Just like yourself, I also go by "what I see before me" , and what I currently see is a massive increase in Tesco business volume due to this surreal environment which may still go on for sometime, I guess we'll find out more details on Wednesday. GLA

I believe that with Tesco update/results now due on Wednesday, we'll see an uptick on the SP starting early next week with this gaining significant momentum to the upside from Wednesday onward IMO.

As per Bloomberg: "Walmart has put the sale of a majority stake in its U.K. grocery chain Asda on hold to focus management’s attention on running the business amid unprecedented spikes in demand driven by the coronavirus" which needless to say, one can also assume that due to this "unprecedented spikes in demand", Tesco will remain extremely busy and also hope that the now much improved/more efficient Tesco will benefit all customers & shareholders going forward.

The legal case overhang has turned this into a very volatile SP, great for day traders! I now feel it can go vigorously either way with what has been happening and need strong nerves here.

Now very much looking forward to a (IMO) very positive update next week.