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Tesco PLC (TSCO.L)

LSE - LSE Delayed price. Currency in GBp (0.01 GBP)
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258.30+1.70 (+0.66%)
At close: 04:45PM BST
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  • T
    The Joker
    I want my Tesco meal deal.
  • J
    Supermarket shares are known for their defensive nature. This is because groceries are seen as consumer staples that have inelastic demand. Although these shares don’t boast mega returns, they do tend to be more insulated from a stock market pullback. As the cost of living crisis continues to run rampant, the Tesco share price is down 10% this year. As such, this could be a buying opportunity for me.
    Inflation continues to hit consumer spending. As such, the Tesco share price is down 10% this year. So, should I buy Tesco shares?
    Inflation continues to hit consumer spending. As such, the Tesco share price is down 10% this year. So, should I buy Tesco shares?
  • J
    In light of soaring high inflation and lower consumer spending, Tesco reported a generally decent set of Q1 numbers. Overall, group retail sales were up 2% year-on-year (Y/Y), and total sales also saw an increase of 2.5% (Y/Y).
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  • G
    I’ve just had this message from my broker:

    After selling its Asian business, Tesco wants to return some of the proceeds of the sale to shareholders. This will be 50.93p for each share held at the end of 12 February 2021. 
    When a company pays a dividend, it’s normal for the share price to drop by the same amount. But Tesco wants to keep the share price roughly the same before and after it pays the special dividend.
    To do this the company will reduce the number of shares every shareholder owns. Shareholders will get 15 new shares for every 19 shares held. You may also get a small cash payment in early March to cover any difference from rounding.
    This won’t make a difference to the overall value of your holding. The total value of your new Tesco shares plus the money you get should be similar to the value of your current holding. But your account value will appear lower until you get the special dividend on 26 February.
  • T
    The Joker
    They could include one in their meal deal!
  • E
    So this new special divided along with consolidation means I'll loose money?
  • C
    Do not worry they are reorganizing and they will put new symbol for the stock. They will pay dividend to all holders and most likely shares will go UP. The announced stock split on the Feb. 15. It will take couple of days to reassign shares to new symbol. Keep the shares cannot go down more.
  • P
    Tesco has played a blinder.
    It look so good saying they are gonna pay all this money back to share holders because of the Asian sale.
    Well I don’t thing so?
    If we are lucky we we get back what we started with pre ex divi. We should be getting the Asian sale money plus a recognised dividend. We are basically getting back our money and no dividends for a troubled and reduced share holdings.
    I thing we should all lobby or not vote the ceo in on the next AGM. Or Report them to the FSA Or FSC or something. It just doesn’t seem fair to treat loyal share holders this way. Any way I’ve had my moan so. Thanks for reading
  • B
    So you can use the dividend to buy shares at the same price and you are back to square one????
  • J

    I have 40.000 it better to sell or hold for dividend?
    What are your opinion?
    My broker after checking parameters told me to hold.
  • J
    Talk on takeovers bubbling up, i imagine relating to other supermarkets being bought out rather than anything concrete, which would surely surge the sp significantly.

    Lots of private equity have lots of cash atm, something that pretty much everyone is trying to exchange for something else right now, so i think a takeover or major partnership is quite likely in the near term. Tesco covers many areas, so a 'takeover' would likely split bits off, which is something nobody wants to do atm, especially when it weakens your supply chain. Companies are looking to add, not split.

    Which has me believing some kind of partnership is more likely.

    Step up amazon, and spend some of your 80 bil youve got rotting away.
  • D
    When will the special dividend be priced in?Agreements to be finalised early Feb but surely some more movement in the short term.
  • M
    I think Tesco has shafted me and every other innocent shareholder, my Holding of 5,500 was worth around �17k (�3.11) based on pre disclosure of a Consolidation , they have now left me 4342 Shares worth today 08/03/21 219p �9509 + Special Div Paid 26/02/2021 �2801 = �12,300So from �17k I have �12k#$%$ what happened to the �5k difference !?! Someone please tell me I am missing something here, because this is not looking good from where I am sittingMr Spence Eng
  • R
    All supermarkets who jumped on the delivery bandwagon with overpriced vehicles and badly run delivery departments are going to pay. Morrisons, Tesco and all the rest. Home delivery was ramped up without a thought to the cost. I can present actual figures. If a delivery basket was 40 pounds then the % cost per delivery is almost 38% of the cost of the basket
  • P
    I understand Tesco had sold their Asian business, a special dividend will be paid when the deal is completed.
  • P
    I bought 1000 TSCO.L in 2019, 225p , to diversify my portfolio. I shop there. It is well run. But the business is low margin, lots of Aldi, Lidl, Cosrcutter, etc. snapping at their heels .
  • N
    This is definitely a long term hold for me. Despite the competition in the UK grocery market, I feel Tesco will always be able to compete and retain their no.1 position.
  • J
    Dear All, how did you get on with your Tesco shares? Did the overall value of your shares reduce or stay the same after the share consolidation? Did you receive your dividend?