Tesco shares...

melbury

ColdIron wrote: »

A year almost to the day
http://www.thisismoney.co.uk/money/markets/article-2130658/Fund-guru-Neil-Woodford-sells-Tesco-shares.html

Yes but if he replaced them with Morrison shares was that a good move?

Ifts

melbury wrote: »

I am in a bit of quandary about Tesco, in that I have been a shareholder for nearly 20 years, but now never shop with them -
I prefer Lidl and Waitrose:o

Woodford sold his after holding them for about 20 years, *he prefers Morrisons now*.

So my dilemma is whether or not to offload the shares, bearing in mind they would have to fall a very long way to get down to what I paid for them.

They have kept their dividend and your yield (to cost) must be good.

*edit*: Woodford did buy MRW but has since sold the High Income fund's 68.4 million shares in Morrisons.

Ifts

ColdIron wrote: »

A year almost to the day
http://www.thisismoney.co.uk/money/markets/article-2130658/Fund-guru-Neil-Woodford-sells-Tesco-shares.html

Star fund manager Neil Woodford has revealed he has ditched the last of his Tesco shares.

PUBLISHED: 20:12, 16 April 2012

Its dated 2012 - I make that 2 years ago?

ColdIron

Ifts wrote: »

PUBLISHED: 20:12, 16 April 2012

Its dated 2012 - I make that 2 years ago?

Oh yes, I read that and said to myself - one year ago, perhaps I need to go for a walk

Ifts

ColdIron wrote: »

Oh yes, I read that and said to myself - one year ago, perhaps I need to go for a walk

I thought my eyes were playing tricks when you kept on saying 1 year ago so to double check I went down to the comments section on that article and the comments were dated '2 years ago'

flashnazia

Ifts wrote: »

Woodford sold his after holding them for about 20 years, he prefers Morrison's now.



They have kept their dividend and your yield (to cost) must be good.

I thought mrw cut the dividend in favour of lower prices?

Ifts

flashnazia wrote: »

I thought mrw cut the dividend in favour of lower prices?

I was referring to melbury's post about their Tesco shares:

melbury wrote: »

I am in a bit of quandary about Tesco, in that I have been a shareholder for nearly 20 years, but now never shop with them - I prefer Lidl and Waitrose:o
So my dilemma is whether or not to offload the shares, bearing in mind they would have to fall a very long way to get down to what I paid for them.

melbury

Ifts wrote: »

I was talking about melbury and their Tesco shares:

Can't understand though how NW would favour Morrison over Tesco. They completely missed the boat with home shopping deliveries and appear to flagging in general.

Glen_Clark

melbury wrote: »

Can't understand though how NW would favour Morrison over Tesco. They completely missed the boat with home shopping deliveries .......

No but they should have done because there doesn't seem to be any profit in them

Ifts

melbury wrote: »

Can't understand though how NW would favour Morrison over Tesco. They completely missed the boat with home shopping deliveries and appear to flagging in general.

NW sold MRW too:

Woodford disposed of the High Income fund’s 68.4 million shares in Morrisons, raising a whopping £187m. The numbers give a sale price of about 273p a share. Whether Woodford had become disillusioned with his former supermarket favourite, or was getting shot of a company his successor wasn’t keen on, is a moot point.

http://www.fool.co.uk/investing/2014/04/16/neil-woodfords-high-income-fund-farewell-wm-morrison-supermarkets-plc-rentokil-initial-plc-and-sanofi-sa/