Tesco Share Discussion Threads

[philanderer] 17/1/2024 10:36

Bernstein raises Tesco price target to 340 (330) pence - 'outperform'

[blackhorse23] 16/1/2024 12:11

Money moving to GNC ( greencore ) who is the main supplier for Tesco

[superiorshares] 16/1/2024 01:58

All you ultra positves.
Shipping is gunner get Ya

SS

[superiorshares] 16/1/2024 01:56

One word

TRUMP

SS

[tuftymatt] 13/1/2024 03:25

Yeah the market moves on to the next company reporting and hopefully we see a return to the yearly rise / set a new 5 year high before too long.

Good luck all 👍🏻

[hazl] 12/1/2024 15:28

It is fighting back.


Jolly good.

[philanderer] 12/1/2024 11:18

Goldman Sachs raises Tesco price target to 370 (360) pence - 'buy'

[superiorshares] 11/1/2024 18:55

Just a quick one on increased sales .
When the people importers (Lib/Lab/Con party ) are importing a million people a year , you will get increased sales . If a large percentage of them receive benefit which has to be financed with printed money, this will also add to inflation.

[superiorshares] 11/1/2024 18:49

You lot just don't follow events do you ?. You all soak up what the board of directors and share brokers want you to hear 😀
Shipping rates are going to soar because of the Red Sea effect .
Inflation will rise a lot higher , someone is calling for £2.45 on here . Potentially I think a lot lower !
It is probable that the US and UK will be attacking selected targets in Yeman this Weekend .
Markets are going to head alot lower .
SS

[konradpuss] 11/1/2024 17:45

hazl, I think the numbers are the wrong way around. I would have a word with the folk at Refinitiv!

[geckotheglorious] 11/1/2024 17:31

"Forward price/earnings ratio (next 12 months): 4.3%
Ten year average forward price/earnings ratio: 3.7%
Prospective dividend yield (next 12 months): 11.7
Ten year average prospective dividend yield: 12.4"

Sure it's 4.3x, 3.7x, 11.7% and 12.4%

?

[tuftymatt] 11/1/2024 11:29

Guy, but they state the reducing of prices will raise the profit by £50m from previous expectations.

My view is they are fighting back due to their buying power and it shows good signs of working.

Good luck all 👍🏻

[hazl] 11/1/2024 11:25

Tesco key facts

Forward price/earnings ratio (next 12 months): 4.3%
Ten year average forward price/earnings ratio: 3.7%
Prospective dividend yield (next 12 months): 11.7
Ten year average prospective dividend yield: 12.4

All ratios are sourced from Refinitiv. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn't be looked at on their own - it's important to understand the big picture.

[guy gibson] 11/1/2024 10:56

Constantly reducing prices, whilst admirable, is just a race to the bottom. The market knows this, hence the mid term capitulation into the summer and a target of 245p.

[konradpuss] 11/1/2024 10:41

tuftymatt, if you look at Tesco Plc as a bond then the price is probably about right.

If it could grow then that is different.

How could they grow? Not in the U.K. and I think they will go overseas again.

It's a cash cow if the management going forward don't 'blow up' the business.

[tuftymatt] 11/1/2024 10:20

It's difficult to see why the price won't rise given time based the figures today.

We all know the markets don't work like that though so an element of "sell on the fact" has kicked in. That's fine by me but more was available last week so why wait if you want out?

My hope is the good news is slowly digested over the coming few days then we see buyers returning for what hopefully will be a positive 2024 both for Tesco and the markets in general.

Good luck all 👍🏻

[hazl] 11/1/2024 10:17

He said sales of the group’s premium own-label Finest range had risen by nearly 17% but it had also drawn in shoppers with thousands of price cuts. Online sales rose by 11.5%, bouncing back from the more difficult period for the online trade which took a hit as the huge popularity during the pandemic lockdowns dampened down.

[hazl] 11/1/2024 10:05

Tesco and Marks & Spencer were both Christmas winners with unexpectedly strong sales helped by growth in online orders and high demand for festive treats.

The UK’s biggest supermarket, Tesco, upgraded its profits expectations for the year by £50m to £2.75bn as it reported “a stronger trading performance than anticipated” over the festive period.

Sales rose by 6.8% at the group’s UK supermarkets in the four weeks to Christmas helping the whole group, which also has a wholesale business, Booker, and supermarkets in central Europe and Ireland, liftting sales by 6%.

Ken Murphy, the chief executive of Tesco, said: “We stepped up our investment in service over the key festive period, with more colleagues on the shop floor, helping to deliver market-leading availability and making this our best Christmas yet.”

[geckotheglorious] 11/1/2024 10:03

Hazl

Other way to look at it is that they are "announcing" when theyve sold and when they hope to buy back in so that IF such comes to pass they can say

"Look, I sold when I said I did etc"

rather than be smeared as having harry hindsight!!

What will be interesting to see is if they start posting solely negative news from now!!

[hazl] 11/1/2024 10:03

I think there is often a bit of profit taking after a dividend , but I don't think people accounted for 7.5% like for like improvement in the UK.


'Tesco upgraded its fiscal 2024 guidance for the second time after it saw stronger-than-expected volume growth in the U.K. market during Christmas.

The U.K. grocer on Thursday said it expects retail adjusted operating profit--the company's preferred metric, which strips out exceptional and other one-off items--for fiscal 2024 of around 2.75 billion pounds ($3.50 billion). This compares with previous guidance of range of GBP2.6 billion to GBP2.7 billion.'

[hazl] 11/1/2024 10:00

I guess it's only human nature they don't want the share to continue on up without them.

[hazl] 11/1/2024 10:00

Oh good for you.
Amusing how people feel they have to announce.

[guy gibson] 11/1/2024 09:43

This is the top of the pattern. Today's positive update was expected. I sold and will buy back at 245p. Probably off the back of a profit warning or similar.