George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Viren
You have recognised the problem that is costing you money and causing you heartache.
Sit tight and hold for a while. 208 is still a decent buy even though it doesn’t look that way today!
I wish you luck but it isn’t just about luck.
Your choices are important too.
Steve
Yes it has been doing well.
But the market is forward looking and it sees greater challenges for Tesco when it looks ahead.
There is also relative easy money to be made in the recovery stocks right now. All Tesco holders would be better off elsewhere at the moment.
Portland
I believe you are correct about the sequence of events. However I think there has been genuine confusion rather than just media hype.
First reference was in a statement to the House of Commons on 27th January........
So I can tell the House that when Parliament returns from Recess in the week commencing 22nd February subject to the full agreement of the House, Mr Speaker, we intend to set out the results of that review and publish our plan for taking the country out of lockdown.
Unfortunately a week later on 3rd February he said the following in a Press Conference.....
And in the days leading up to our review point in the week of the 15th of February we will be accumulating even more data
helped by NHS Test and Trace –
so that we can begin to chart a way ahead
starting, if the data allow, with the re-opening of schools on March 8th.
And I will be setting out as much as we can about that roadmap forward on February 22nd.
All of this is published on gov.uk. There is confusion and Boris has inadvertently caused it by not being consistent.
However any media reporting of this inconsistency as a delay to the roadmap publication is clearly not correct.
https://flightaware.com/live/flight/GZBLD
Well it definitely went to Victorville.
Are you saying it went for some reason other than to be stored?
Robby
You are right.
It’s nothing to do with making holidays expensive.
Holidays are currently illegal!
The measures are appropriate for the phase we are in. Tougher measures for a shorter time have generally proven to be more effective than minor restrictions.
Let’s hope we can get to the next phase fairly quickly.
Steve
Gunner22
Vital to get some fingers in other pies.
It makes sense.
Over long periods of time individual companies , even apparently strong ones ,can fade away or even disappear.
Find the original FTSE 100 list to confirm.
Keeping by your eggs in one basket is an unnecessary risk. This is especially true when you have built up a significant holding which will be important to you later in life.
My opinion only of course but I think it will be a widely held one!
Hi Colin
How does it work?
https://www.lse.co.uk/rns/TSCO/notice-of-general-meeting-1ln7jr9c7usdj1m.html
Reading the above should give you a good picture.
If you have any questions after that do post them. There are some helpful people here who will try and fill in any remaining gaps!
Hi Rosewall.
I was only trying to set out why the special dividend/consolidation combo is not giving with one hand and taking back with the other. There is a net benefit to shareholders. albeit one that is not easy to quantify.
As for the decision to sell the Asian businesses and the price obtained for them I have no meaningful opinion because I know close to nothing about them. What I do know is that it was a strategic decision by Tesco rather than a distressed sale of assets to raise cash. That fact alone makes it more likely that the sale price is a fair or advantageous one.
Keep up the good work!
prussell,
After 26th Feb you will have received a dividend.
You will own fewer shares but there will be fewer shares in circulation. Your portion of the company will be unchanged.
The company , which you own the same portion of, will be a better company because of the pension repayment and future earnings per share will likely be higher going forward.
The company will be weaker because of the £5bn distribution but you have received your full share of that so the effect of this is neutral.
Overall you are better off because you own part of a strengthened company, something which should be reflected in the share price once things have settled down.
This does ignore the tax position which differs for everybody. It is the dividend tax which is IMHO stopping the price from surging more than it is.
Only my thoughts. Keep DYOR!
Thanks Portland for your comment about the US.
I suspect you are right. To FULLY recover the US needs tourists too!
Having said that I still believe the economic pressure to reopen for tourism will be greater in Greece, Barbados, Tobago, Antigua and countless other places.
Deanmck7 I share your concerns.
The closer countries get to eradicating Covid the more reluctant they will be to re-import it.
I see some things returning to normal quickly but I have a nagging feeling that international travel could be a long term casualty apart from tourist dependent destinations where the governments may be prepared to take bigger risks.
USA can recover well from the pandemic without international tourists. Greece cannot.
No way is 2021 going to be a bumper year for Europe to US leisure travel.
2022 or 2023 maybe .
The first half of 2021 is going to be dominated by restrictions, vaccinations and sadly, hospitalisations.
If things go well the second half of 2021 should be the starting point towards normalisation but bumper year? - I don’t see that as a possibility at all.
I believe these US restrictions will be a positive going forward. The path back to largely unrestricted international travel is going to be tortuous. Better to have a regime in place. This should give the US confidence to allow non-essential travel at some point.
The restoration of the ESTA scheme is vital to tourism and quite important to IAG’s future prospects.
Not sure what the timeline for that will be.