Tesco Share Discussion Threads

[carpingtris] 06/11/2020 12:37

6 November 2020

Tesco PLC

Update on proposed disposal of Thailand business

Tesco notes the recent press release by the Office of Trade Competition Commission ("OTCC") in Thailand approving the proposed sale of our business in Thailand to CP Group.

We are awaiting CP Group receiving the formal regulatory approval notice from the OTCC and will make a further announcement when appropriate.

[unastubbs] 04/11/2020 18:47

anyone got any info on the asia sale? sorry if it's been asked before. i notice there will be a share consolidation if the sale goes through (thai regulator and shareholders notwithstanding). any thoughts on this from past experience?

i'm a new investor with this one and intend to keep for the long term (ten years minimum). i was attracted because i noticed a comment from the CFO in the recent results speaking about eps moving from 9.6 to 7.3 post the sale - don't have the preceise numbers to hand but it was about a 16% drop, whereas £8b is supposedly the sale price which clearly represents about 40% of the present market cap. so it looks like a tremendous deal. presumably the asia unit had alot of growth potential (?), but on the other hand i've visited tesco stores in both malaysia and thailand and i don't think they are as good as the ones here. who's to say they won't have their lunch eaten by new entrants in the future in any case just like aldi and lidl have done in the UK - so i'm very much in favour of the sale. hope it goes through.

[hazl] 04/11/2020 14:05

THERE WE HAVE THE RISE STARTING.
Oops apologies.

[spursspurs] 03/11/2020 18:56

frustrating this is, should be around the 2.50 mark, mental price when you factor covid in.

[hazl] 03/11/2020 14:04

Many thanks kind sir!

[alphorn] 03/11/2020 14:01

hazl - you can have a green one. ;))

Closed out part of my bearish position. Remain net bullish now.

[hazl] 03/11/2020 13:51

Surely due a tick up here soon?

[philanderer] 03/11/2020 13:31

Tesco and Morrisons are two of the supermarkets which have brought back rationing to essential products

[milliecusto] 02/11/2020 22:47

Looking for 230p short term, a lot of Xmas buying with non food will be channeled into Tesco

[pander45] 02/11/2020 21:12

And the market seems to agree....

[pander45] 31/10/2020 20:55

This latest lockdown will channel more online business towards Tesco nicely.

[johnwise] 31/10/2020 07:28

Only Rich Toffs Want Lockdown Right? £16M Piers Nothing To Lose 🤮

VIDEO

[johnwise] 31/10/2020 07:28

VIDEO

Full 🇬🇧 Lockdown From Next Week 🤦‍♂;️ ENTIRE Month Of November 🤷‍♂;️ Boris To Announce

[vas007] 28/10/2020 14:30

When is the So div expected ?any ideas. Hope it does not not drop by this event.

[johnwise] 28/10/2020 14:30

VIDEO

⚠️ Tesco Clubcard Sign Up Pricing Scam

[imjustdandy] 28/10/2020 09:22

Hang in for your 50p special dividend

[johnwise] 28/10/2020 08:18

Communist China takes out the British Economy Make millions unemployed.. And the British Government continues to rebuild China with Tax Free Imports from Communist China?


Three of Britain's biggest firms reveal devastating toll coronavirus pandemic has had on business

Profits at HSBC dive 36 per cent

BP rocked by oil price collapse

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Donald Trump: "I'll take jobs back from China, Mexico"
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[johnwise] 27/10/2020 20:46

VIDEO

Supermarket Wars 👏 Tesco Clubcard Wins! NEW In-Store Discounts (Free Plug)

[geckotheglorious] 26/10/2020 11:12

Agreed Vaneric.

Devolution doesnt work generally imo as well - pandemics do highlight the clear issues.

[vaneric1] 26/10/2020 10:33

Devolution clearly doesn't work for pandemics, we have a bunch of power hungry modern day barons wielding power in their regions pulling in all different direction when what is needed is an integrated effort.

I'm just 8 miles from the Welsh border, a few weeks ago London said we should all wear masks in shops, pop across the border the Welsh didn't have that rule, nobody was wearing masks in the shops, now they've gone to the opposite extreme.

[donald trumpton] 24/10/2020 16:45

Clearly, the Welsh leader has A LOT of shares, in Amazon.

[grahamburn] 23/10/2020 18:04

IMO the return should not be called a "dividend" but rather a "return of capital" as it's clear that you are right WM2020 - there will be a capital reorganisation.

[wm2020] 23/10/2020 17:13

It's not free money for shareholders, some of your shares will be redeemed i.e. you will hold less shares in Tesco, it's not like a regular dividend, there will be a share reorganisation....

[johnwise] 23/10/2020 14:42

VIDEO

OFFICIALLY Lost Our Minds 🤪 Non Essential Madness 😡