Near impossible to get out at the top or in at the bottom! Just have to try and judge the trading range ? |
Around 3.05/10 looks a nice area to me - barring something left field hitting and the share price may not get there.
It also depends on what wider equity markets do.
Is the US sell off done yet..would doubt it,
but that's just a guess.
Your own view is as valid as any other, none of us know the exact future. |
Held off buying yesterday but very tempted today. Has to be a good buy at today's price surely. Any comments? |
Sellers not finished yet. |
Busterhogdog……what about Morrisons and Sainsbury’s not just Tesco. |
Matt, I've seen this several times over the last 30 years, it's usually an initial plunge on price war fears, followed by a gradual recovery.
(this time could be different, however the above is from my experience).
I personally would prefer Tesco under approx 3.10, but you can't always get what you want.
Also fair to say that Tesco is not immune to wider equity market moves, so if UK markets sell off again then lower may be available. |
Yeah Asda's problem but like all wounded animals they can be unpredictable and in the short term dangerous.
That's what we are going through right now but in the long term it will settle down in my opinion.
Good luck all 👍🏻 |
Looks as though it's started to turn up.
Nothing to do with TSCO if you ask me.
Asda's problem. |
Yes, just a few. |
Surely a good buying opportunity at this price ?, anyone here buying? |
That 5.2% dont kick in until August ,it 3% starting in april which puts it just over new minimum wage . |
Slave labour working for Tesco . Staff don't get paid breaks either, profits first priority. |
Market report
Tesco and Sainsbury fell 4.1% and 1.5% on further consideration of the threat from Asda’s price-cutting plans.
On Friday, the UK’s two leading food retailers saw share prices tumble 8.7% and 7.8% respectively after Asda launched a turnaround plan which includes a ‘substantive and well-backed programme of investment in price, availability’.
Analysts highlighted the threat to food retail margins and profits from a price war but stressed much depends on the success of Asda’s revival.
‘We do not take a complacent stance but neither, we sense, will the listed players. Irrational contagion lowering gross margin and earnings is the greatest concern, but we need to remember too that the listed players are better grocers than Asda with a broader customer set, stronger balance sheets, and a will to remain competitive too,’ Clive Black, retail analyst at Shore Capital said. |
Phil, MKS taking the p with prices at the mo. I've got a TSCO next door to Marks in Brooklands and may shop their more frequently. |
tesco pay at the moment £12.02 ,min wage is going to £12.21 new pay will be £12.64. |
Afternoon EI.
I couldn't wait and added a few at 323p ;-) |
Perhaps this sharp sell off also needs some wider context. The TSCO share price traded near 3 last July. The business has traded very well since tbf.
Near 3 again likely a bargain. |
NI rise in AprilPlus Tesco agrees above-inflation pay rise despite Reeves's tax hikeThe union that represents Tesco workers has hailed a "real achievement" in its pay negotiations after the supermarket giant agreed to increase pay by 5.2pc. |
Good chart support around 300p |
Agree and the feeling a week ago was 400 being far more likely than sub 330!!
Good luck all 👍🏻 |
I suspect a fund is selling down. It can't just be market manipulation by shorters and active funds to drive the shares down in this way. Its huge volume, both Friday afternoon and this morning.
Hopefully if its a fund selling(?), they will drop a Holding RNS out in a day or two to show their new % holding, and the TSCO share price will recover.
I still don't understand why anyone would sell at such low prices when TSCO performance has continued to improve over 5 years, with market share increasing and profitability improving.
ASDA's decision to embark on more price cutting, will just decimate any profits they make and lead to a price war with Lidl and Aldi, which they won't win! Desperate stuff and shows the state ASDA are in after selling off assets; cutting staff levels etc, but still losing market share. |
Indeed , that's a 10% drop now. Needs clarifying from the board. |
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