Tesco Share Discussion Threads

[loganair] 17/11/2017 08:47

I remember a few years ago, on-line ASDA use to put how much Food inflation was in their stores. Surprisingly ASDA put it at 13% while the official government figure was around 2 1/2%.

Both TESCO and Sainsburys food prices are rising sharply while their revenue and is only going up slowly and profits are falling.

The revenue question it seems is easily answered as many of their shoppers who use to exclusively shop at these two supermarkets now do some of their shopping in ASDA/Lidl.

Profits are falling as these two supermarkets have become way too top heavy.

[toon1966] 17/11/2017 07:55

bones698 - suggest you share your pearls of wisdom with the press/media. I can't wait for the headlines about how much more expensive Tesco are compared to their rivals. I'm surprised no one has spotted this before....

[buywell3] 16/11/2017 19:02

TSCO are paying 20% too much for Booker

This will sink them

150p beckons for now

dyor

[philanderer] 16/11/2017 18:01

toon , yep final CMA approval is due by 26th december :-)


Haven't a clue if shareholders of both companies will approve though.

FT:

Bruno Monteyne (Bernstein) expects Tesco shareholders to approve the deal by more than the required 50 per cent margin.

The deal also requires support from 75 per cent of Booker shareholders, who have watched the value of Tesco shares fall since the takeover was announced and could demand more equity in the combined business.

[bones698] 16/11/2017 17:45

Believe what you like I'll just watch the share price over the next 18 months and await the disaster that's coming again. Asda in comparison is far cheaper than Tesco or Sainsbury's not to mention the Aldi and Lidl debates. Tesco for me looks like a company destined to suffer that's my point

[capeview] 16/11/2017 12:36

Bones698, I just checked my sainsburys shop on MySupermarket App for cost comparison. the best to compare are Tesco and Sainsburys as some of the other stores without too much depth into different products which you shop around for for best prices.

Anyway, excluding the Wine, Tesco was cheaper and the products were pretty much the same. The only reason I shopped with Sainsburys this time, is because I could get my wine for free due to a money off voucher.

Price wise, they are pretty much the same you just have to take various offers and look at what you are buying. There isn't much difference between them. As for Morrisons, they were missing a bunch of stuff in the app so I would need to check for alternatives, and Asda were cheaper but some of the selections either didn't come up or would need to be changed as it didn't do a good comparison.

So basically, they are all doing the same thing. Prices are on the rise.

[mercer95] 16/11/2017 09:36

Those outraged wholesalers will get some rear guard action when Tesco starts shafting them after the Booker deal is finalised, I think it’s a good move for Tesco

[loganair] 16/11/2017 09:22

Outraged wholesalers were considering an eleventh-hour rearguard action yesterday against the £3.7 billion merger of Tesco and Booker after the competition regulator provisionally approved the deal.

In a surprise ruling, the Competition and Markets Authority said that plans to combine Britain’s biggest grocery retailer and the country’s leading wholesaler would not trigger higher prices or weaker service.

[loganair] 16/11/2017 09:21

Landmark Wholesale’s managing director John Mills yesterday became the first wholesaler to comment on the competition authority’s decision to greenlight Tesco’s proposed takeover/merger of Booker.

“We are incredibly disappointed with the CMA’s decision,” Mills said. “This move will not increase competition, it will destroy it. The combined Tesco/Booker business has sales of £60bn while the rest of the UK wholesale industry amounts to £25bn. Other wholesalers will not be able to compete with the buying and distribution power of Tesco/Booker. As a result of this decision Tesco, who currently account for £1 in every £8 on the high street, will dominate the convenience and corner shop market and will undoubtedly now dominate the food service/out of home market as well.

“We believe that there is a risk that thousands of jobs will disappear from family-run foodservice wholesalers and independent stores and the net impact will reduce choice for consumers and communities, a point that seems to have been totally lost to the CMA."

[toon1966] 16/11/2017 08:47

Philanderer - I take you did not realise that the merger still needs final approval from the CMA and also from both sets of shareholders (75%). Schroder have been against the merger from day one so no new news there!

[tournesol] 16/11/2017 07:40

bones
boles
bolls
balls

[bones698] 16/11/2017 01:15

OK here's a few quick examples Tesco cheese was 200p now 270p. Warburton loaf was 100p now 105p ham was 169p now 199 etc etc some serious increases. And no Tesco's seems the only retailer to have inflated its prices and certainly by amounts like that. Still if some of you want to believe in fairies so be it.

They did the same thing a few years ago and everyone saw the result with the collapse in share price. Guess what's coming again when it filters through in 12 months time. People will go elsewhere it's simple.

I think some of you have me confused with another bones as this is the first time I have ever posted on here BTW. I can see I'm talking to the usual few planks of wood though so goodbye and don't come back crying and moaning when it goes pear shaped but they always do.

Tournesol my point is the last time they did this it hurt the company badly and they quickly returned to slashing prices after a torrid set of results die to the hikes. I'm just saying be very weary it might happen again in the near future if history is anything to go by.

[philanderer] 15/11/2017 23:25

Far from being a done deal.. more uncertainty.


'Tesco's £3.7bn merger with Booker would be bad for investors, claims major shareholder Schroder'

Read more:

[vaneric1] 15/11/2017 18:56

Savings on product are really only part of the equation, my Tesco is just two miles down the road, the nearest Lidl is nine miles away, so an eighteen miles round trip instead of four miles, then Lidl don't stock, or are often out of stock of everyday needs, so a call at another shop on the way home is required to top up.

Take the time and the running costs away from any supposed savings and there are none.

[supercity] 15/11/2017 17:04

I wouldn't be too worried about shoppers habits...I think the booker deal is worry enough for Tesco shareholders with the extra 1.5 billion shares they are issuing to pay for it along with the £700m cash they will need to find

[toon1966] 15/11/2017 16:37

Supercity - could you provide us all with a list of the products you bought which are so much cheaper?

[supercity] 15/11/2017 15:16

Many a true word said in jest - I bet the majority of Tesco shoppers would go elsewhere if it was convenient and saved them 20%...and yes they would then see a market a collapseMy point being if I as a die hard Tesco shopper have decided to try pastures new after noticing their price hikes then I am sure many many more are doing the same

[philanderer] 15/11/2017 13:41

'Tesco's Dave Lewis got the Booker deal past the watchdog – can he convince investors?'

[toon1966] 15/11/2017 12:30

Well let's all go to Aldi then, saving 20% a week is quite incredible. I have no doubt Tesco will see a complete market collapse because of this.

[supercity] 15/11/2017 12:02

To be fair to bones...I've not seen substantial increases but they've certainly gone upShopped at Tesco for twenty odd years and used online shopping with delivery for 2 years now on a weekly basis...about six weeks ago I noticed our weekly shop had gone from £80-85 to £95-100 and we were ordering the same thingsDid the one thing I thought I'd never do and tried Aldi - in those six weeks I have saved £20-£25 a week even taking in to account the once a month tesco delivery I still get for branded wash powder etcAldi does have far less choice but the food tastes no different and if your only after fresh basic food its fine - horses for courses and all that and I never thought I'd be bothered to try a different supermarket...so I won't be the only one

[vaneric1] 15/11/2017 10:47

Funny but complete tosh.

[ignoble] 15/11/2017 10:43

LOL Tournesol

"Shopping at Tesco ...Labour Exchange and 1960's communist block airport"
Did make me smile

[jeffian] 15/11/2017 09:57

Sorry if this has already been covered but, although a TSCO holder, I haven't been following this thread. Given that the clearance of the Booker deal without requiring TSCO to offload any existing stores seems to have surprised commentators who say this is an unexpectedly good outcome for TSCO, I'm slightly surprised there hasn't been more of a re-rating of the share price. I might get the response "it was already in the price" but if that was so, why were the commentators so surprised?!