Tesco Share Discussion Threads

[trikytree] 07/10/2020 21:03

Lucky you’re not deciding jw

[johnwise] 07/10/2020 20:44

bountyhunter 7 Oct '20 - 19:27 - 24457 of 24458
"2.5B into the pension fund + 5B returned to shareholders in due course, that's over 50p per share".

The shareholders should receive none of it untill its debt £12.5 Billion is payed off.

[bountyhunter] 07/10/2020 19:27

2.5B into the pension fund + 5B returned to shareholders in due course, that's over 50p per share.

GBP8.2bn(9) sale of Thailand and Malaysia businesses approved by shareholders in May; regulatory approval and completion expected by the end of the calendar year, to be followed immediately by shareholder meeting to approve c.GBP5bn capital return and GBP2.5bn one-off contribution to eliminate pension funding deficit

[essentialinvestor] 07/10/2020 16:16

There is a case for paying £2 billion off net debt, funding the pension plan
as announced and the remainder returned to shareholders.

The market may well have preferred that imv.

[trikytree] 07/10/2020 14:38

Thanks Phil, you are of course correct. I can wait a week. Cheers

[carpingtris] 07/10/2020 14:29

And then it'll drop ~50p when the special goes xd - so let's hope the rocket up is substantial!

[philanderer] 07/10/2020 14:26

TrikyTree , you'll have to wait another week , goes xd for the 3.2p interim dividend next thursday morning on the 15th october ;-)


And yes, around 50p for the special dividend once the sale is all complete.

[trikytree] 07/10/2020 14:12

Any ideas on the special anyone. Been rumoured could be worth up to 51p a share. The share price would rocket if they announced it.

[carpingtris] 07/10/2020 14:10

GBP2.5bn one-off contribution to eliminate pension funding deficit - that'd be a good thing.

[carpingtris] 07/10/2020 14:07

Are they not putting ~2B into the pension fund when the sale goes through?

[rolo7] 07/10/2020 14:05

did not pay any debt down unlike sbry have!

[trikytree] 07/10/2020 13:36

And ex div tomorrow. Load up whilst they’re down today!

[philanderer] 07/10/2020 13:28

Coronavirus: Tesco takes £533m hit from crisis costs but profits still surge


The supermarket chain is to reward shareholders as it offsets the COVID bill thanks to surging sales and rates relief.

[trikytree] 07/10/2020 13:20

Gm65, I don’t believe it’s even been announced yet. Keep buying to get it.

[philanderer] 07/10/2020 13:18

That rise didn't last long.

[gm65] 07/10/2020 12:14

What was the cut off date of ownership of shares to be eligible for the special dividend?

[carpingtris] 07/10/2020 11:53

'regulatory approvals' take time... it's not in there hands.

[cl0ckw0rk0range] 07/10/2020 11:48

Yes but the question was when is that going to be, they are taking their time.

[carpingtris] 07/10/2020 09:25

Special won't come until the sale is confirmed - hopefully by end of year after regulatory approvals and being passed in the AGM (shareholder approval needed), it's written clearly in the results..

[philanderer] 07/10/2020 09:17

Ross Hindle, an analyst at the research firm Third Bridge, said the past six months had been characterised by larger weekly shops as well as a significant move towards online retail.

“However, retailer infrastructure wasn’t prepared for a surge in demand, so higher costs were incurred and the move to online has also created problems,” he said. This means top-line gains are unlikely to translate directly into profit growth.”

[ygor705] 07/10/2020 09:14

It always concerns me when a company has difficulty in presenting a clear picture of its eps line. After all, it is the most important number for an investor in a public company to be tracking. The eps line in these figures (when you do eventually find it) seems to be an apology by the accounting profession that they cannot come up with a meaningful number.Pathetic! I do not hold Tesco shares but feel sorry for the private investors who do and have to put up with this kind of thing.

[cl0ckw0rk0range] 07/10/2020 09:12

Dividend confirmed but they are dragging their feet on the special.

[paulisi] 07/10/2020 08:13

About time the share price recovered.Decent set of results.

[cl0ckw0rk0range] 06/10/2020 23:13

When's the special?