Tesco Share Discussion Threads

[sentiment riles] 25/1/2021 12:29

Ah Tony

Interesting to see what you think here.......

[sentiment riles] 25/1/2021 12:29

Long with a 235 mid stop

would like to see it supported later though to confirm the days of consolidation money

[philanderer] 25/1/2021 12:25

Share Consolidation

It is proposed that, subject to (i) Shareholder approval of the Special Dividend and the Share Consolidation and (ii) Admission in respect of the New Ordinary Shares, the payment of the Special Dividend be accompanied by a consolidation of the Company's ordinary share capital on the basis of 15 New Ordinary Shares with nominal value of 6 1/3 pence for every 19 Existing Ordinary Shares.

[supercity] 25/1/2021 11:47

No - you have until 12th febSpecial DividendThe Company can confirm that it intends to return GBP4,987,827,804 to Shareholders by way of a proposed Special Dividend of 50.93 pence per Existing Ordinary Share in the capital of the Company. The Board is proposing to pay the Special Dividend to Shareholders on the Register as at 6.00 p.m. (GMT) on 12 February 2021 in Pounds Sterling and to ADR holders on the ADR register as at 5.00 p.m. (New York time) on 12 February 2021 (being the close of business on the day before the ADR effective date for the Share Consolidation) in US dollars.

[tonyevo256] 25/1/2021 10:24

Is the special divi for existing shareholders only? Thinking of buying a load buy might it be better to buy after the divi has been paid..

[sentiment riles] 24/1/2021 22:49

I think Rolls Royce is going to be a massive player in alternatives. And truly geared for all markets. Not flavour of the month of course. Timing required or just buy monthly for ten years

[sentiment riles] 24/1/2021 22:32

Any utilities here supplying any emerging markets btw?

[sentiment riles] 24/1/2021 22:30

Best to get a pullback in them first. Not much payout in the first quarter so should be a drop somewhere now to March

[bountyhunter] 24/1/2021 22:25

Utilities are also not about to go out of business and many pay a very decent yield.

[albert3591] 24/1/2021 18:29

Food retailers are the only safe shares to hold at the moment I think.

[konradpuss] 24/1/2021 18:19

yf23_1 Spot on.

[bountyhunter] 24/1/2021 18:17

Every little helps! ;-)

[sentiment riles] 24/1/2021 18:04

See this is going to fly next week

[yf23_1] 24/1/2021 17:44

The recapitalisation should enable the shareprice to remain the same, so no change to the number of options and the strike price.
I have employee share options so this affects me too.

For example
Before
Tesco mkt cap 50bn, returns 10bn share price 200p 25bn shares

After
Tesco mkt cap 40bn share price 200p 20bn shares
(4 new shares for 5 old shares)

However the options will still have the same number of new as old shares as they didn't receive the return of capital.

That's how I see it.

[joestalin] 24/1/2021 13:26

'Boycott Brussels!' Britons say they've stopped buying EU goods over Brussels' 'pettiness'.

BRITONS have viciously mocked the European Union as Brussels prepares to rip up its own Brexit rules after less than a month and cave over its petty ham sandwich ban on British travellers.

"His jest will savour but of shallow wit,
When thousands weep more than did laugh at it."
Henry V - W. Shakespeare.

[alphorn] 24/1/2021 12:25

konrad - running both short puts and calls so quite an important question. ;)

[konradpuss] 24/1/2021 12:01

Alphorn, so I guess in respect of traded options a return of capital is better than a dividend? I don't hold any however it is an interesting question.

[alphorn] 24/1/2021 11:25

Really important to option holders/writers how it impacts strike prices.

[janhar] 24/1/2021 10:49

I understand it to be a return of capital after the disposal - also better that way in terms of tax for most holders

[konradpuss] 24/1/2021 08:38

Grahamburn, I think it will be a return of capital due to the circumstances, i.e. a fair chunk of the whole company disposed of. It would certainly help tax wise for me as I do not hold in an ISA.

[supercity] 24/1/2021 08:00

It seems clear it will be a special dividend (payment) - they have mentioned it in several rns releases

[grahamburn] 22/1/2021 15:30

Agreed as that's the timetable.

We know the amount per share (in round figures).

The interesting - indeed relevant - part of the detail is the consolidation method and whether the payment will be a "dividend" or "return of capital".

[philanderer] 22/1/2021 15:10

Should get special dividend info on monday.

[philanderer] 21/1/2021 11:40

BERENBERG RAISES TESCO PRICE TARGET TO 286 (275) PENCE - 'BUY'