Tesco Share Discussion Threads

[philanderer] 10/4/2024 14:33

Should be some broker upgrades in the next few days.

[tuftymatt] 10/4/2024 14:18

Just keep holding peteret and don't worry about the short term manipulation.

Great to see this one not sink much at all following US CPI news. Bodes well in my opinion for a push to 310

Good luck all 👍🏻

[superiorshares] 10/4/2024 13:48

Meanwhile over the Pond.
Inflation gunner get ya

TRUMP2024
SS

[peteret] 10/4/2024 13:38

Let's have a look at what happened today.the results were brilliant and the share price dropped 4p to 284 on opening the went up to 290 and would not exceed this as it was being manipulated to fool holders in to selling even dropping down to 288.After 10 o'clock all the big players in the know had a chance to load up and the price was let of the leash gong up to over 300.It's all a big fiddle.

[philanderer] 10/4/2024 12:25

Excellent reaction to fine results.

[helen troy] 10/4/2024 11:06

It took its time : - )

[unastubbs] 10/4/2024 10:58

here we go, we have lift off!!

[geckotheglorious] 10/4/2024 10:05

Here’s your daily snap analysis from Bloomberg UK’s Markets Today blog:
Tesco Price Appeal
Tesco proudly touts that it’s been the “cheapest full-line grocer for well over a year,” as it retains an acute focus on combating pressure from discount retailers such as Aldi. It’s had some success in winning back market share, reducing prices by an average of 12%.

Growing consumer confidence amid falling inflation certainly played a hand in boosting sales and volumes, while greater growth was also seen in larger stores, where prices tend to be cheaper. All this would be largely expected as consumers grapple with the unavoidable cost-of-living increases seen recently. But also eye-catching was the fact they are winning customers from premium retailers.

Volumes in Tesco’s finest range rose 9% and the brand recorded record sales over the Christmas period. Tesco appears to be doing something right in attracting customers from both ends of the market.
— Morwenna Coniam

[superiorshares] 10/4/2024 09:32

Chuzzlewits it's up 1.5 pence.
Everything in those results is old news, it's been
Known about for months.
What is up with you chuzzlewits?

TRUMP2024
SS

[helen troy] 10/4/2024 09:05

Sorry, that should be gbp1 billion pound share buyback. I'm not having a good day ?

[helen troy] 10/4/2024 08:58

Gbp1million share buyback announced.

[hazl] 10/4/2024 08:43

There are loads and loads of shares, that's why it moves more slowly ....but in the right direction that what counts!


imo

[tuftymatt] 10/4/2024 08:42

Based on the divi increase over last years final divi I wonder if the interim will be raised too when it rolls around by a similar level making it circa 4.5p

We would then be on for 12.75p which at a 300 share price is over 4.2%

Good luck all 👍🏻

[hazl] 10/4/2024 08:42

Yes it's good news , profits, future expectations, dividen,what more do you want.

[blackhorse23] 10/4/2024 08:37

Money moving to GNC , food manufacturer for Tesco & most of high street retailers

[helen troy] 10/4/2024 08:37

Looks like I have misread the results re divi

[paulboz] 10/4/2024 08:34

While the results are very good they haven't exceeded market expectations hence the lack of movement in the share price

[stever705] 10/4/2024 08:26

"We propose to pay a final dividend of 8.25 pence per ordinary share, taking the full year dividend to 12.10 pence per ordinary share."

[helen troy] 10/4/2024 08:23

Looks like the final divi is 13.4 Vary tasty

[peteret] 10/4/2024 08:22

How can you have brilliant results and the share price drops 4p on opening and is struggling to get past 290.Our markets are all a big fiddle.No wonder companies want to list in the US

[hazl] 10/4/2024 08:07

NAV Indeed is a good measure but there is the future value which shares are about.

People will always need food.
Tesco is a big entity able to plan ahead, sell it's bank, do the solar panels ,to please Governments as somebody pointed out above.
News to me to be fair.