Tesco Share Discussion Threads

[paulisi] 07/1/2021 16:27

That and the special dividend...

[albert3591] 07/1/2021 15:20

Supercity,is that why it rose yesterday?

[wynmck] 07/1/2021 09:16

yes was due 13th-ours 14th

[rolo7] 07/1/2021 07:17

Sbry TS was released a week early?

[supercity] 07/1/2021 07:08

Sainsburys trading update is out - decent like for like increases.It seems apparent the reason they are handing the rates relief back is keep the profit down (most likely for tax purposes)Bodes well for Tesco next week

[albert3591] 06/1/2021 17:08

Still mrs is happy she’s got abou 15500 of them,always has script dividend.

[albert3591] 06/1/2021 17:07

No 4oclock drop they will drop I sometime they always do.

[albert3591] 06/1/2021 15:17

Super city I stand corrected missed it.

[supercity] 06/1/2021 15:05

As previously announced, a circular containing further details of the c.GBP5 billion special dividend and share consolidation, as well as a notice convening a general meeting of shareholders (the "General Meeting") and further details about the resolutions to be considered at the General Meeting, will be sent to shareholders on or around 25 January 2021.

[supercity] 06/1/2021 15:04

The December 18 RNS clearly states there will be a share consolidation

[albert3591] 06/1/2021 14:43

Will there be a 4oclock drop if so how big I will guess 241.5p

[albert3591] 06/1/2021 14:36

There will not be a consolidation,not at this share price

[konradpuss] 06/1/2021 14:13

leas1, I think you are right.

The profits from the business being sold very roughly equal the amount the company has been putting into the pension pot to bring it to equilibrium so the headline profits should not alter much.

[leas1] 06/1/2021 13:26

If and when there is a share consolidation would the yield be adjusted too?
Personally I think it will which should attract further investors. Number of shares in issue will be reduced so the dividend payment will be divided up accordingly.

[sigmo] 06/1/2021 13:07

The way the market is because of the pandemic grocery shares ate likely to go significantly higher

[dogsoggy] 06/1/2021 12:15

They have offered 11p per share.Hardly great is it?

[supercity] 06/1/2021 12:03

From what I have read the intention is to keep the share price at the same level so for example.Shares are 200p and a 40p is paid and you have 5 shares.Ex-divi your shares will drop to 160p and the 40p per share will be paid to you as a divi.Your 5 shares are now worth 800p and you have 200p in the bank.As Tesco have said they want the share price to remain at the same level in this example you would divide 800p by 240p which is 3.3 - therefore the shares would be consolidated and you're 5 shares would become 3.3 shares and the share price would adjust back to 240p.I think this is the intention - the extra profit is to be had by those buying the shares before they confirm the dividend amount in the next few weeks as when the exact details are released the share could gap up at open anyway.This assumes I have interpreted the Tesco rns correctly

[konradpuss] 06/1/2021 09:01

Dogsoggy, in a word, yes. However the number of shares in issue will be reduced to reflect such when the circa 50p special dividend is paid.

[dogsoggy] 06/1/2021 08:09

If I bought the share now would I qualify for the dividend?

[capercaillie] 05/1/2021 17:13

hxxps://www.kantarworldpanel.com/en/grocery-market-share/great-britain

Slight increase in market share over Christmas.

[leas1] 05/1/2021 17:07

@grantley
No you would not qualify. It works exactly as a regular dividend payment. You can also expect the share price to drop after the 11th Feb and maybe some shareholders reinvesting their special dividend back into the company in any fall.
I suppose the question most investors will asking themselves is ‘what price will it rise to prior to the 11th Feb’

[mags265] 05/1/2021 16:21

If it hits 290 before dividend I'll be considering selling .. I think results on 14th will be a big day .

[wendsworth] 05/1/2021 16:05

g2theary : Barclays seem to think so! That's their target price.

[g2theary] 05/1/2021 09:19

These will hit 290p way before that 50p is returned :))

[supercity] 05/1/2021 08:46

I wouldn't have thought Tesco would hand back 585m in business tax relief and issue a 5 billion dividend if they had had a bad year.Only a few weeks to find out about the dividend but 5 billion is near 50p a share