Tesco Share Discussion Threads

[helen troy] 21/2/2023 09:46

It probably knackers other players algorithms as well. Lol.

[helen troy] 21/2/2023 08:15

Confirmed no buybacks yesterday. Buybacks are accompanied with a huge trading volume a Citi load the order book with buys and sells, weighted slightly in favour of buys. This stops the price spiking. Dyor.

[momentos] 21/2/2023 00:18

And as far as the *shock horror* convenience store more expensive than huge supermarket goes... I'd bet the gross margin at a Tesco Express is still way below their supermarket / Extra stores. Pretty basic economics and it has always been thus.

[momentos] 20/2/2023 23:05

I've rubbed some cream on my postulates and they are much better now, thanks yump.

[pete160] 20/2/2023 22:49

2 reasonsIt's because tesco express is a convenience store, and you pay for the convenience (if you bought them via whoosh, you'd pay another 3 gbp for super quick delivery convenience)The second reason they charge more in some stores over others is, well, because they can.

[helen troy] 20/2/2023 21:22

Sorry yump. I see I should have replied to mo.

[clive7878] 20/2/2023 21:22

johnwise - I have noticed that too.

Take a bag of carrots - almost the same price in Tesco Express for 1/2kilo, as a full kilo in the Supermarket for a whole 1 kilo. Talk about a rip off. Believe 4 pints of milk is 20p dearer too,

every little helps - shopping in Tesco Supermarket

or

it all adds up to a much more expensive shop in Tesco Express

Take blueberries - £13 per kilo for 150gr. - even Sainsburys are cheaper.
Suppose they have to make up the prices somehow.

[helen troy] 20/2/2023 21:19

Thanks yump. Best compliment i have had in years. I was beginning to think my beauty was fading.

[ladeside] 20/2/2023 17:43

Tesco have been running down the Bank for the past couple of years where they've got rid of their Mortgage book, outsourced Collections and Recoveries and closed off their current account book, as such it looks like they probably want to concentrate on Insurance only (taken in house under plc most likely) and will probably sell their cc card book while closing off the rest or if they get an offer they can't refuse then just sell the whole lot as a package.

It's definitely the case that the direction of travel is to concentrate on the core supermarket business and basically offload the rest.

[helen troy] 20/2/2023 15:39

I postulate that the lower trade volume indicates Citi have put their buyback strategy on hold and no new buyback will be announced tomorrow but wdik?Extending this postulation, I think there is more chance of a price drop but wdik?

[philanderer] 20/2/2023 14:16

Tesco to pay London workers £11.95 an hour

The latest deal is the third pay rise negotiated by union Usdaw for Tesco workers in the space of 10 months

[johnwise] 20/2/2023 07:54

I shopped at Tesco Express instead of a big store and the price difference was staggering

Express Money journalist Jackie Annett has been investigating the price difference at her local Tesco Express compared to one of its bigger stores.

after I bought 23 items I would typically buy at a larger store and it cost me £9.08 more for the exact same products and brands at my nearest Tesco Express in Bristol. Do that every week and you’ll be throwing £472.16 down the drain every year.

[helen troy] 20/2/2023 07:11

Fridays buybacks1.41m @ 250.38

[konradpuss] 19/2/2023 09:35

From memory the bank was originally a J.V. with the Royal Bank of Calamity when "Fred the Shred' was at the helm.

When the Royal Bank got into trouble Tesco bought them out.

Core, core, core food is the way forward.

[viscount1] 19/2/2023 09:13

I never understood why they owned a bank. Good move, focus on your core business.

[konradpuss] 18/2/2023 20:13

The balance sheet of the bank shows equity of circa £1.6 billion.

Now that would give further fuel to more buy backs or a special dividend.

[konradpuss] 18/2/2023 13:31

Forecast operating profits for this year of the bank (prior to adjustments) £120 to £160 million.

Shall we say £1 billion plus?

[konradpuss] 18/2/2023 13:28

Goldman Sachs to advise on the sale or otherwise of Tesco Bank.

Now I wonder what it is worth?

What will do with the 'ackers' if they do sell?

I don't think this will hurt the share price at all, it might push it up a bit.

[helen troy] 17/2/2023 09:31

Yesterday's buybacks.1.4m @ 249.66

[momentos] 16/2/2023 21:51

Citi buybacks is about 10% of daily trading so not negligible.

I assume whatever program they use to trade has to do so to some degree randomly, but within parameters. If it's 100% algorithm that's open to exploitation by someone decoding it and writing a counter.

It definitely didn't want to go much above 251 though, trading dried up anytime we did...

[yf23_1] 16/2/2023 21:26

Ha, I just noticed that North Korea is actually the Democratic People's Republic of Korea.

Has anybody told KIm ?

[konradpuss] 16/2/2023 20:22

I wonder how much the activity of Citi alters the market and the share price?

My view, not much.