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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Tesco Plc | LSE:TSCO | London | Ordinary Share | GB00BLGZ9862 | ORD 6 1/3P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-2.70 | -0.93% | 287.10 | 287.00 | 287.20 | 292.70 | 286.70 | 290.80 | 3,572,230 | 13:51:52 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Grocery Stores | 68.9B | 1.19B | 0.1670 | 17.25 | 20.48B |
Date | Subject | Author | Discuss |
---|---|---|---|
28/3/2017 15:53 | its taken the above weeks to reach my decision on the bad deal . lewis should resign he is a complete failure useless | portside1 | |
28/3/2017 15:51 | Two of Tesco's largest shareholders have chastised the supermarket for its "foolhardy" £3.7bn merger with wholesaler Booker, arguing the deal would destroy billions of pounds worth of value. Quotes in the article Tesco PLC TSCO ▲ 190.50 +0.55 +0.29% Schroders PLC SDR ▼ 3,061.00 -1.00 -0.03% Morrison (Wm) Supermarkets PLC MRW ▼ 234.40 -2.40 -1.01% Schroders, the grocer's third biggest investor, and Artisan Partners, the fourth largest, have written to Tesco's board to urge the company to abandon its tie-up with Booker, throwing the deal into doubt. The two shareholders, who together hold 9pc, or around £1.4bn worth of shares in Britain's biggest supermarket, have expressed dismay at the price paid by Tesco for the cash and carry group and called it an unwelcome distraction. Schroders fund manager Nick Kirrage told The Telegraph that the "risk of the deal does not carry proportionate reward". Booker boss Charles Wilson and Tesco chief executive Dave Lewis "The price paid is too high and the level of management distraction is too risky when there is a meaningful upside to be had from focusing on the UK supermarket recovery. So far there have only been green shoots within the business." In a letter to John Allan, Tesco's chairman, he highlights that the supermarket is paying 23 times Booker's peak operating profits which he says "makes the destruction of value even more likely". He also highlighted the resignation of Richard Cousins, Tesco's senior independent director, as an indication there was valid grounds to oppose the deal. Daniel O'Keefe, fund manager of Artisan Global Partners, said that the deal was a worrying sign that Tesco was returning to an ill-fated strategy of over-expansion in the 1990s that "resulted in disaster". "With this deal it is taking its eye off its co Tesco buy Booker graphic Mr O'Keefe said he believed that there was a potential £11bn upside to be made if Tesco focused on improving its core UK business and returned to a 4pc profit margin. He added: "Booker could potentially increase the value of the business by £750m, but you are putting at risk £11bn, it makes absolutely no sense. It is utterly foolhardy." | portside1 | |
28/3/2017 14:48 | AND IF ANY POSTER CAN SAY THAT MY POSTS ARE NOT FACTS THEN POST THE FACTS ON TESCO MANAGEMENT | portside1 | |
28/3/2017 14:11 | fang this rich and idle old man makes loads of money. and does not like to see investors taken for a ride by liars , the big question lewis goes for a merger but no words on the former directors bonuses on lies and corruption to get bonuses and when is he going to act to claw back the money gained by criminal acts | portside1 | |
28/3/2017 14:05 | How long has Lewis been in charge? More pertinent is how long has Portside been out of the padded cell? | fangorn2 | |
28/3/2017 11:18 | #19431 It wouldn't be so bad if his English were not so awful! | prambigear | |
28/3/2017 11:12 | Sept 2014..... Thanks for the info portside | 1fox1 | |
28/3/2017 11:01 | Porty I wish you would stop posting so much nonsense. Although I have filtered you my screen is still filled up with the headings of your rants. Seriously it is an unhealthy obsession you have that is of no interest to anyone else. | pbartell | |
28/3/2017 10:43 | banks has I said closing their shorts . notice such a great deal NOT ONE DIORECTOR BOUGHT SHARES IN TESCO WITH THEIR PERSONAL MONEY | portside1 | |
28/3/2017 10:21 | sept 2014 share price 252p stopped divs but not directors bonuses sp down under lewis 26% all is statements false no recover but paid bonuses on recovery statements from him | portside1 | |
28/3/2017 10:16 | How long has Lewis been in charge? | 1fox1 | |
28/3/2017 09:57 | will now go after my payment .have a good day all good investors | portside1 | |
28/3/2017 09:56 | Tesco posts out soon told to post | portside1 | |
28/3/2017 09:50 | Filter option leaves alot of blank posts ! | mealiff | |
28/3/2017 09:47 | the banks advising Tesco have made millions shorting and trading Tesco since jan they will soon sell all their holdings knowing it is a bad investment to hold the shares long . its rotten and lewis taken in by false info | portside1 | |
28/3/2017 09:30 | LEWIS is a very poor CEO IS SILENCE TELLS YOU ALL YOU NEED TO NO | portside1 | |
28/3/2017 09:27 | Tesco paid director over those two years of over stating figs of over 47m in payments when is LEWIS GOING TO ANNOUNCE THE CLAW BACK ON THIS MONEY | portside1 | |
28/3/2017 09:10 | Bad day portside??? | supercity | |
28/3/2017 09:02 | Tesco should use any spare profits to buy back and cancel shares | portside1 | |
28/3/2017 09:01 | As I have said before..doing the Booker deal was to muddy Tesco figures...it buys time for insiders... | diku | |
28/3/2017 08:58 | From the media... Discount chain 99p Stores has been placed into administration by Poundland, which bought the rival discount chain for £55m less than two years ago. After Poundland bought the 99p Stores chain and its 252 shops in 2015, it began rebranding them and reassigning the leases. Sixty stores remained in a separate shell company, however, all of which have been closed. Poundland said these “unprofitable& Announcing the group’s fall into administration on Monday, Steinhoff-owned Poundland blamed previous management for the failure. “It’s no secret that the previous management of Poundland had difficulties digesting its 99p Stores acquisition”, it said. However, landlords could lose out on rental income now that their tenant has entered administration. | diku | |
28/3/2017 08:49 | lewis we have cut employees benefits over the last two years to pay the fine we have cut back on all their benefits to fill the hole left by the directors who benefited by their criminal act | portside1 | |
28/3/2017 08:33 | why has it taken these funds so long to say what I have posted since end of jan posters wo trashed my posts are now silent | portside1 | |
28/3/2017 08:31 | the 235m charge on the accounts to be announced on april 12th will leave a profit of just under 1b . when do I get my 24k payment . lewis said he will ignore holders views on the deal | portside1 |
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