Member Info for theredbarron

Note to myself for future reference 6.36 billion shares in circulation

Price £4.95

well a year ago people was ****ging this off. it’s up 20% still in a turbulent market. now 6.7 billion shares down from 7billion a year ago . dividend up 13% tu 13.6p a safe share in turbulent times

More cash for buybacks to boost the esp to boost the share price so the bored can get their snouts into the bonus trough the greedy little pigs yet we are £.62 above the minimum wage yet when the minimum wage rises to £11 in April they will put us on probably £11.70. But as always, they will take something away. No doubt reducing the Sunday premium further. It was double time, but now it’s only 1+17%. It’s the only thing we have left to give. They have taken everything else once a wonderful company to work for sadly no more.

£1.68 was the low , But i do recall these as low as £1.45 I can remember buying £3k at £1.56. Sold at £1.80ish
I can look in my records later

Wow didn’t expect it to get to £2 in 2 days.
Please stick here or lower for about the next two weeks and then you can fly back to £3 in 20 .months .
If your a Tesco employee
Fill your boots on the saye scheme. You cannot lose .
Where’s the bottom though £180?

!!!! Why not !!!!
Share price is down 25%. Pound has lost 25% a yank can pick this up for a song .
Cash generating, , Lowish debt?
I know they took a €15 billion pond bond loan out last year , hopefully they had the brains to lock in the good interest rate.
Thankfully we locked in our mortgage in August at 2.25% for 10 years as if we had come out by next summer with the extra interest: I’d of needed circa £700 more a month I’d be bloody working for free!!

Ha ha that’s true to be fair ,
Should of joined the marines when I had the chance.
I’ll be happy if it hits £2

It’s been a while , I can’t tell you how demoralised people are in the store ,
Once again the lowest paid supermarket by 15p an hour “cheers Ken !” And the union bloody useless.. shoplifters still have a field day I mean the decoy goes to take two out the fire exit they stop him but then 6 yes SIx £249 tvs go out the door in a trolley .. they ended up nicking 10 in a week!,,,,, wtf are Tescos doing about it … yup diddly squat as usual and the thieves now know it.

Any way good to see the shares plummeting . Bailed out in April the last of my SAYE from 5 years ago , and with the saye due mid October I’d love to see these tank to £2 or lower ! As I’ll be going all in my last £300 a month for 5 years .
I mean we’re in a recession and who or what company in its right mind is or has the cash to buy back £1.25 billion of shares in a little over 18 months ,,
Dividend if it stays the same is close to 6% .. 0% when I took the2016 one out .
One of the only good things working for Tesco is this .
Dot com I imagine bleeding cash still and even with the now 4 weeks notice to leave for drivers they still have massive churn ,
Sad to see though this once fabulous company slowly dying by a thousand cuts.
Ken’s going to have to dream up something to get his performance bonus!

Well after rejecting a couple of takeovers now, ( bailed at £5.50 I think ?? may have been £7 I’d have to check though ) But with the pound through the floor and worth 35% less than may/ June the yanks can pick this up for a song , I’m starting to build my stake here day by day as this is oversold and a bargain in my eyes , I thought the results was good .

Well it’s just got even cheaper for the yanks!

Well buy is one thing, we have been told not to challenge shoplifters now and they are happy to lose £8500 a week! We o take £1m a week yet they bleed on about being over hours. No wonder Leigh day are having a field day when you consider the depot got 6% before Christmas inflation is going through the roof yet the shopfloor staff only got 5.8% last month what a joke if you don’t look after the staff , staff wont be looking after the store or shoppers period

I now know their contingency plan to cover the drivers strike at Christmas he employed to book an agency staff to cover the Christmas period at £600 night some nights They would just sit in a cab or the canteen and did nothing total cost to Southampton 10 million big depot in Scotland 50 million .
Just goes to show they have money to burn yet they only offer their shopfloor staff 2.8% of your feet firmly on the ground you’re going to give the depots 6% no wonder Leigh day are taking them in an equal pay

Yes so it seems a couple of ladies resigned recently early 60s as they had had enough of the c..rap on pdi ( putting out labels ) as they was on tills or dot com half their shift and then being moaned at that they wasn’t doing there job ! Hello!….?
So yes they had the service 20 plus years .. was not told by resigning they would lose the discount for life benefit.
I’d say that was pretty despicablefrom the management jmho ..
I’ll be retiring then on that note
! 50 too early or no doubt it would have to be 55 by which time I’d be in a box probably ha ha ha ……..
Thank for the feed back x

Checkouts.. well they took out 4 and put in another of those dastardly scan self serve checkouts.
The mad thing is they’ve never used them since they installed them last year! ( a problem somewhere along the line so it’s just the 8 for now not 16 self scans )
Tell me my manager friends if I resign after 30 years service do I keep my discount card for life ! ?
How else would I lose it?

We got our 2.2% first offer on the table and as usdaw don’t give us the chance to vote on our pay rise that’s that!.. where as the depots our covered by the unite union , Tesco did crow that were paid 5p above the real living wage , I did reply to my manager I will skip to the milk section and get my 4 pints of milk with that “chuckle”
So with inflation running at 4.8 we’ve had a pay cut, also we’re paid less than Morrison’s shop floor staff by about 40p now,

Well I’ll it my hand up I never saw this result coming with what our stock levels and what I put out compared to the 3 years I’ve been in my particular role.
A pleasant surprise as I hold 14,000 still .
But ! I can’t help feeling this buy back is to bump up the sp ( which it will do ) as for the board to get there long term incentives have to beat the basket of retail companies they are judged against and as I said awhile back Sainsbury’s,marks and spencer n Morrison’s are all up over 50-60% percent compared to Tescos’s which was sitting at10% before the announcement to now 20% as the shares where at 230 area so bear that in mind , so we still have 30% to go !
So less shares will equal higher EPS and allow them to grow the dividend so if your majority stake was bought at sub £2 you should now be laughing all the way to the bank as I wouldn’t be surprised if the dividend total hits the 15p mark in the next few years ,
So on that note it’s a hold hold hold for me..
That’s before any whispers of a Take over arise and as the US dollar strengthens buying uk Assets become cheaper

Sold these 2 days ago.! Not realising the trade update was due .
Just saw the continuing decline from 35area and thought I’ll take the 50% profit .
I was just thinking about fuel and transportation costs filtering through ,
Great results never the less

Now I wonder how they will fiddle the figures so he gets his ££££££ millions
For Dave lewis they took out Ocado so he got his.
This time round
Morrison’s is up over 50%
Mark’s and spencer over 60%
Sainsbury’s is up over 40%
And er um Tesco’s is up 11% ! So he ain’t getting it competed to the other basket of supermarket shares which he has to outperform to get it !
Holding out for £3 myself which could happen if things go right . Certainly need a takeover! But with a billion deficit in the pension scheme that could scare them off.
Incidentally Morrisons had a surplus of £700 million in their pension account compared to ours

Currently just about $12 but has dropped from $48.

Anyone else invested here?
As it looks a steal at this price