Tesco Share Discussion Threads

[vaneric1] 29/3/2017 11:57

Just waiting now to see if the CMA will intervene, so far no comments from them, if that goes away it should be plain sailing for a decent ride up

[ladeside] 29/3/2017 11:10

All this so called "bad publicity" doesn't appear to be doing the share price any harm. We're now back above £1.91 and looking much stronger with the uncertainty out of the way.

[andrewbaker] 29/3/2017 11:07

I can't do the figures so can't say if buying Booker at the price indicated will be beneficial over time or not. I do understand that value is often destroyed for acquiring shareholders in many takeovers. Maybe renegotiate the price, withdraw or go ahead? Whichever, I believe that longer term Tesco is a sound holding. Its products will never go out of fashion, its land and buildings can provide additional revenue and profit through housing (and thus also more customers in turn); and by concentrating on the UK business, and withdrawing from elsewhere, a tightly run ship should produce good profits on an ongoing basis, that should at least keep pace with inflation, and provide a steady revenue stream through dividends.

To me, Tesco is an ethical investor's BATS.

[capeview] 29/3/2017 10:23

@mr.elbee You're probably right. lol

[loganair] 29/3/2017 10:17

Schroders and Artisan Partners, who hold a combined 9 per cent of Tesco, have asked the retailer to abandon the deal since it is overpaying and the overpriced purchase will hamper its own turnaround plan.

In a letter written to Tesco by Nick Kirrage, a fund manager at Schroders, and Jessica Ground, the global head of stewardship at the firm, ''We believe the high price being paid for Booker makes the destruction of value even more likely. We will be encouraging other shareholders who share our views to voice them. Thus we urge you to reconsider and withdraw your offer.'

[mr.elbee] 29/3/2017 09:31

capeview..your view on the superstores may be coloured by the fact that you are not a CHAV.

[portside1] 29/3/2017 08:14

for any investor who wants to make a bit of cash buy CNA OVER THE NEXT 5 WEEKS WILL RISE OVER 20P EX DIV 11TH MAY 8.4P DIV

[nathdani] 29/3/2017 08:04

Were in the closed period ,have been for a short time all will come out on the 12th .

[portside1] 29/3/2017 07:57

12th of april results

[portside1] 29/3/2017 07:56

we need some clarity from the CEO that is what he is paid to do . you can not come out make a short statement then nothing for weeks turning into months that is not what running company is al about its making the investors listen and take notice of the company . the silence is damaging the company ,

but has I posted in the end of jan till they have been rewarded their free bonus shares we will be told nothing its stinks of corruption but their rewards are now being given . by their friends in remuneration so then the remuneration committee get their free hand out . Tesco to announce just under 1b profit after the charges for former directors criminal acts the holders to pay the fine . the directors smiling with their bonuses for fraud .

holders want clarity from the company now

[blueboy6] 28/3/2017 18:05

He knows exactly what he is doing, just watch any day now "Back in long for £100K Buy, Buy BUY" LOL!!! Week after results SELL SELL SELL!!!! Cancerous company......etc

[johnwise] 28/3/2017 17:25

Why has Tesco been forced to compensate shareholders and what will they get?

Supermarket must pay investors £90m on top of a £129m fine

Shareholders to be paid 24.5p per share plus 4% interest

Those compensated must have bought shares after 29 August 2014 trading update
and held them to 22 September 2014 revelation of profit overstatement

[portside1] 28/3/2017 16:27

bull I do not lose money if I lived a 1000 years I would be fine

I never hold many shares for long only big companies I trust like barc cna bp for divs but then only give them to the children

[bullorbear123] 28/3/2017 16:23

Yeah, nice one portside.

[portside1] 28/3/2017 15:57

why has lewis not been promoting is great deal .the silence tells all

[portside1] 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 core UK supermarkets and it will lose its competitive advantage. Retail is an incredibly fragile business and it cannot afford to do that."
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

[fangorn2] 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?

[prambigear] 28/3/2017 11:18

#19431 It wouldn't be so bad if his English were not so awful!

[1fox1] 28/3/2017 11:12

Sept 2014..... Thanks for the info portside

[pbartell] 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.