The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
So there a 20% drop in annual profit as covid hit revenue. Maybe keeping the corporate tax relief they paid back the government would of helped. Everyone screaming about giving it back not knowing they had and still do have tremendous costs. Also king Murphy telling people they should go to the pub instead of buying alcohol from his stores...what a great business man.
Yes I agree, Tesco is my long term share with good divis. My others are a quick buck and then move on. Will be interesting to see who’s shares rise or fall after 6-12 months. Could be quite a difficult time to invest. Still hoping Tesco hit £3.
Every time I look at this share I fall asleep, this is like one of those poor donkeys laden with bricks. Opening 25 fulfilment centres risky, extra staff, more .com vans, maintenance etc. Everyone will want to return to shops. I’ve got a hand in cineworld and have, at least a bit of excitement either way. Come on Tesco liven up !
Amazon can be the technology behind cashierless tills, more throughput , less staff, more profit and of course go back to click and collect and pick your amazon parcel up from Tesco instead of it being stuck behind your wheelie bin in the rain.
Budget:- Higher tax for retail coming up. Well done Tesco in giving back your golden handshake from the government, during the pandemic, that could of been used for debt etc. I suppose Rishi boy will let you off scott free as a return of favour... not.
Oh and the share price is the same as before consolidation...not. Come on Tesco sort this car crash out. Come amazon buy these guys out. A lot of money invested in Tesco and draining down the plug.
I can look at this share and fall asleep !
With the country coming out of lockdown and hospitality shares escalating I wonder what way Tesco will go. While in lockdown this share should have Gone above and beyond. Slightly better market share etc but costs still rising. Retail had no one to compete with during this pandemic but themselves and they screwed that up with no other shops open and returning tax relief. Maybe the rumour of amazon might be the kick up the a*** it needs. I think most people not reinvesting dividend and making a quick buck in hospitality. Get in and get out with cash in hand.
With the budget coming up maybe supermarkets could get hit, Tesco already given back the tax relief, even though the costs for Covid outway that figure and still counting for so called “covid” related absences. The share consolidation was supposed to keep the share price at pre-dividend highs, but that’s dropped approximately 25p due to the stock market. I’ll wait till after Wednesday before I buy back in, this could dive.