Member Info for ZaraSummer

@eccles04, why does tesco need to compete with Aldi and Lidl, neither of which stock full range although Lidl is getting better these days. tesco could gain more customer from Sainsbury's. If it's not because of Argos I rarely would go into a Sainsbury's. Their share price is doing rather well though.

It could test 6740 so don't buy today. However I do think this is over sold. My experience so far is it will fall to the point everyone panicked and sold. Then it come back the very next day. This is what happened with me on Unilever .. I would be in profit if I didn't sell off, luckily I sold only half of my position so with dividend, I've not lost too much. By the way I expect the same thing happening to credit Suisse which lost 15% so far today, I will wait a month before buying it.

Thanks Steviewonder, yes I'm aware of the refinitiv cost that caused the initial drop, however just wondering why this is still dropping. will have to wait a bit before adding more, 68 could be a pivotal area.

Welcome Tradesetter, this stock is undervalued, the reason for the share drop was due to the special divi, however because tesco did a share consolidation which means less shares in circulation post the special divi, the share price should be around 3 pound mark rather than the drop we have seen here. even with the provision for brexit, this share is still too low. another thing that people worry is inflation but historically inflation have been good for Supermarket. I would expect we will be going back to 3 pound in a few month time. In the means time we get over 5% which is better than putting money in the bank.

I'm guessing the latest drop relate to york Holdings III Limited sold 10,422,684 ordinary shares of 6(79/86) pence each of the Company ("Ordinary Shares") on 23 March 2021.  I have no idea what 6(79/86) means, maybe someone can shed light. Does this mean share will be back up soon?

at this market cap, the company could be bought out , give it different name and back to business again.

Think this is about to fly. Only concern I have is US market is due for correction which may bring entire ftse down. But very bullish in longer term. There are things I would like to see tesco to do more on but that's a different topic altogether.

Let's see if this level holds, it's at lowest of the analyst target. But won't be surprised if it went for 69 area.

it need to retest the recent low which I think is around 7470, also I believe some analyst have put down the price target to be around 73 so might fall towards that. Give it 2 month and it will be back up again.

thank you both, forgot about that, although bad time to sell given the low price.

The CEO really need to go, why is she selling at this low price??!!

not just on the chart, but the economy is not doing as well as 2018, life back to normal won't happen until early next year. There is more of a risk of higher inflation now and interest rise vs back in 2018. But I'll be glad to see it going up from this point however I'm prepared to say we may see a new low sometime this month.

looking at the chart, next low would be around 36.33. near 3 gbp down since I first bought and I thought I was getting a bargain then.

Well hopefully this is the bottom, there is really no need to drop this far post div.

Agree stamp duty holiday only help those who can afford to buy. Waste of government money. Unemployed can't get a mortgage

Usually, price go down way more after ex dividend though. Think I will wait for next week before topping up.

There are many ftse 100 companies that are suffering the same fate as tesco .. some started a month ago. A lot of value shares. I will wait for end of week before buying any tesco share.

2476 is possible .. I'm waiting

Someone said if it fall big one day, there would be further fall the next day and I have seen that before with several value shares, some even fall for a few weeks at a very slow rate, Unilever is one like that. However bought some today, but waiting for this to go down more before loading more.

It's possible we need to see a drop in the growth stocks for people to turn around and invest in value. Lots of cheap value stock out there but until now the growth stocks are the ones that are gaining over 100% in a day even their earning report show massive losses in revenue.