Tesco Share Discussion Threads

[anony mous] 28/2/2018 12:50

Breaking newsTesco shareholders approve deal with over 85% voting in favour.Now waiting for booker voters.

[neilyb675] 28/2/2018 12:41

Get in there 😎

[chinese investor] 28/2/2018 12:25

7p To 220p !

[chinese investor] 28/2/2018 12:24

As Predicted !

Chinese Investor (TSCO) 26 Feb '18 - 11:35
If the vote on Wednesday goes our way the share price will go to 3% !

[ny boy] 28/2/2018 12:23

Breakout from 214p resistance will be positive...


Automatic technical analysis. Medium term, Feb 23, 2018
TESCO is within a rising trend, which indicates a continued growth. Is moving within a rectangle formation between support at 196 and resistance at 207. A decisive break through one of these levels indicates the new direction for the stock. Has given positive signal from a inverse head and shoulders formation by a break up through the resistance at 191. Further rise to 217 or more is signaled. The stock has support at pence 200 and resistance at pence 214. The stock is overall assessed as technically positive for the medium long term.
Recommendation one to six months: Positive

[filmster] 28/2/2018 12:07

Most likeky if the booker vote goes through

[anony mous] 28/2/2018 11:50

Can it break out the 1 year high of 2.17

[anony mous] 28/2/2018 10:55

It is a done deal.imo

[ny boy] 28/2/2018 10:54

Looking for a year of share price growth, content holding GL

[chinese investor] 28/2/2018 10:50

Vote Must Be Good !

[chinese investor] 28/2/2018 10:04

Crunch Day !

[grahamburn] 28/2/2018 09:05

IMO filmster and Langy_1 yesterday were slightly misleading. It is true that the actual implementation of the merger/takeover will only be formalised after the various legal procedures are followed in the next few days.

However, those legal procedures are effectively formalities. The endgame WILL be known today as it's the votes at the two company meetings that matter. Provided the respective shareholders vote in favour, then the rest of the timetable will automatically follow.

[loganair] 27/2/2018 22:42

I've just been taking a look at the market share of the various supermarkets and wonder why Kantar's and Nielsen's are so different.

Nielsen give a far lower market share to the big 4 supermarkets than Kantar, for example for 12 weeks to January 2018

..........Kantar..Nielsen

Tesco......28.1%...27.3%
Sainsbury..16.5%...15.4%
Asda.......15.6%...14.2%
Morrison...10.9%...10.1%

Taking a closer look Kantar never seem to mention M&S grocery market share while Nielsen does, for the 12 weeks to January 2018 giving M&S a grocery market share of 3.6%. Nielsen also said that M&S food sales has the best growth figures outside of Aldi and Lidl.

They also mention that the Co-Op is planning to open 100 new stores this year after 100 were opened in 2017.

[mercer95] 27/2/2018 11:08

Thanks for the info Langy

[langy_1] 27/2/2018 09:42

I would imagine so, here is the timetable of events -

Tesco General Meeting held 10.00 a.m. on 28 February 2018

Booker Court Meeting held 12.00 p.m. on 28 February 2018

Booker General Meeting held 12.10 p.m. on 28 February 2018(3)

High court hearing to sanction Scheme 2 March 2018(4)

Last day for dealings in, and for registration of transfers of,
and disablement in CREST, of Booker Shares 2 March 2018(4)

Scheme Record Time and record time with respect
to the Closing Dividend 6.00 p.m. on 2 March 2018(4)

Effective Date of the Scheme by no later than 8.00 a.m.
on 5 March 2018(4)

You have the high court hearing on Friday so no decision will be published until after that. There might be a late RNS on Friday but my guess would be 7am Monday.

There may well be some noise from the city as to how it's went before that of course.

[filmster] 27/2/2018 09:32

We have to wait until monday to find out the result?

[langy_1] 27/2/2018 09:27

They will really shoot themselves in the foot if they cause it not to go through IMO. I would imagine if it fell through at this late stage it would have a negative impact on both share prices.

The share price action in the next few days should be telling.

All eyes on the 7am RNS on Monday morning!

GLA.

[mercer95] 27/2/2018 08:49

Big day tomorrow for Tesco, hopefully common sense will prevail & the takeover will be voted through, a lot of noise coming from a small section who want an increased offer but looking at Bookers share price over the last 5 years it seems a fair offer to me in the present economic climate,it’s hardly been above £2 for any length of time,hopefully see a strong move up once it’s all finalised. GLA

[chinese investor] 27/2/2018 08:42

Steady Progress !

[buywell3] 26/2/2018 16:59

NASDAQ chart indicates IMO $40 now possible when USA markets slump again

[chinese investor] 26/2/2018 11:35

If the vote on Wednesday goes our way the share price will go to 3% !

[loganair] 25/2/2018 23:13

Tesco could be preparing to use Chatteris as guinea pig for launch of new chain of discount stores to take on Aldi and Lidl:


According to reports Tesco is at an advanced stage in proposals to use the remaining 26,500 square feet of its Fenland Way property to launch its new discount brand.

Tesco is said to be have tasked retail director Lawrence Harvey – who they recruited from Aldi two years ago – to spearhead its assault on the discount market.

A second empty unit – at Immingham in Lincolnshire – could also be converted to a Tesco style Lidl/Aldi.

Both the Lincolnshire and Cambridgeshire superstores planned by Tesco were at an advanced stage prior to the company pulling the plug. Both would be a low cost entry into the market with minimal of fitting out to be done.

Mr Harvey has been handed a team of “dozens of people” to draw up a viable business plan that could begin the task of countering Aldi, Lidl and other discount stores.

Tesco is not alone in losing market share to the discounters and Chatteris and Immingham are thought to offer an ideal opportunity for a low outlay trial.

Tesco has refused to comment on the speculation.

Grocer magazine described Mr Harvey as having “a sharp mind is dynamic and engaging and cares passionately about his team and the business”.

[loganair] 25/2/2018 11:47

Tesco faces a nail-biting wait to see if shareholders back its proposed takeover of wholesaler Booker.

Investors in both firms vote on Wednesday over the £3.7 billion deal.

Analyst Bruno Monteyne, of broker Bernstein, said: ‘Paying any more, from my discussions with shareholders, would be pretty unpalatable.’

He believes the vote will be ‘close’, with only 25 per cent of Booker shareholders needed to vote against the deal to scupper it.

He said: ‘If the deal falls apart both share prices would be negatively impacted. I think the fear of that will ultimately drive the deal through.’