Future of tesco, morrisons

Minrich

Thrugelmir wrote: »

Unlikely. Like the banks, the golden era of UK supermarkets is over. Lower margins are here to stay. In the short term Tesco's is more likely to tap it's shareholders for a rights issue to raise cash. So your shares are going to be diluted further as matters stand.

and then we will sell them of they fail to give a dividend we are happy with , thats the only reason we hold them for the income . Flog what we have and spend the proceeds ? We don't need the money when we're dead afterall , but thats not the MSE ethos

Thrugelmir

Minrich wrote: »

and then we will sell them of they fail to give a dividend we are happy with , thats the only reason we hold them for the income . Flog what we have and spend the proceeds ? We don't need the money when we're dead afterall , but thats not the MSE ethos

Every Company has it's price. I often buy further shares in a Company after a steep fall. But only when I understand what the managements plans are for the future. Tesco's has to reinvent itself. A task that could take say 3-5 years. Tesco's for it's woes carries considerable clout. So I wouldn't write it off yet. As the discounters are far from perfect themselves.

gadgetmind

hyposmurf wrote: »

There is also that stigma of buying basics goods when other people are buying the branded items.

Blimey, that doesn't bother me one jot! I'll also happily use our local market and the pound shops.

planteria

interesting discussion. i like the idea that the bad news is all in the price now...i'm still not sure they are a buy yet though. and sorry Minrich, i think, if they do the right thing for the business, and most shareholders, they'll be holding off from paying a dividend for some time.

Minrich

Probably - Shares are long term things anyway , so i wont go hungry and won't be selling them anytime soon , unless they price takes off , which is unlikely . I do see them being on a par price wise with Sainsburys soon as they were always above Sainsburys until recently . Morrisons still say they will pay a dividend and so do Sainsburys , i wonder what their management think now hearing Tesco have cancelled their £1billion divi payout or whatever it was going to be ?

hyposmurf

gadgetmind wrote: »

Blimey, that doesn't bother me one jot! I'll also happily use our local market and the pound shops.

Doesnt me either, but for some it does.

Minrich I'd do the same and hold them over the long term.

Ryan_Futuristics

Tesco have far more overheads than Ocado - many of those passed on to online shoppers - which is why Ocado seem able to beat Tesco on quality, service and often price ... I wouldn't be betting on Tesco to turn things around

Tesco's effect on local food producers has been undesirable, they champion overselling and bargains, and ultimately high levels of food waste (incidentally their food waste, at considerable cost, is dyed blue and put in land fill - so it can't be handed to the homeless or anything)

Still appalling quality in their stores - bashed tins, fruit, rancid smelling meat ... And dim packers for online, putting campila-laden chicken in the same bag as feta cheese ... Nuke from orbit

Minrich

Ryan_Futuristics wrote: »

Tesco have far more overheads than Ocado - many of those passed on to online shoppers - which is why Ocado seem able to beat Tesco on quality, service and often price ... I wouldn't be betting on Tesco to turn things around

Tesco's effect on local food producers has been undesirable, they champion overselling and bargains, and ultimately high levels of food waste (incidentally their food waste, at considerable cost, is dyed blue and put in land fill - so it can't be handed to the homeless or anything)

Still appalling quality in their stores - bashed tins, fruit, rancid smelling meat ... And dim packers for online, putting campila-laden chicken in the same bag as feta cheese ... Nuke from orbit

Very Anti Tesco !
Where is you evidence of this ?
29% of shoppers don't agree with you ....
Food cannot be given away when it is waste due to H&S regulations..... If that is not true what company does give it away when its out of date ?
Tar every dot.com picker as Dim packers just because you once had a chicken in the same bag as feta cheese?
I suppose all motorcyclists are dangerous and people in hoodies are thugs ?

Glen_Clark

Ryan_Futuristics wrote: »

(incidentally their food waste, at considerable cost, is dyed blue and put in land fill - so it can't be handed to the homeless or anything)

In all the Tescos I know pack prices are progressively reduced down to about 10p as they near the end of their date code.
Can I ask where you got that information from?

Steve_xx

Ryan_Futuristics wrote: »

Tesco have far more overheads than Ocado - many of those passed on to online shoppers - which is why Ocado seem able to beat Tesco on quality, service and often price ... I wouldn't be betting on Tesco to turn things around

Tesco's effect on local food producers has been undesirable, they champion overselling and bargains, and ultimately high levels of food waste (incidentally their food waste, at considerable cost, is dyed blue and put in land fill - so it can't be handed to the homeless or anything)

Still appalling quality in their stores - bashed tins, fruit, rancid smelling meat ... And dim packers for online, putting campila-laden chicken in the same bag as feta cheese ... Nuke from orbit

What a load of old tosh.

It's bash Tesco year. Tesco are no better or worse in their practises than any of the others. As for dying product blue before it goes to landfill, for one it would cost to dye it, at no return to Tesco, and two, where did you glean that piece of information from? When things are coming to the end of their shelf life Tesco mark them down. That's my experience in my local store so why would there be a different policy elsewhere?

It's ridiculous to suggest that their product is rancid or that tinned product is bashed about. If it was then customers would be dropping like flies, and there would be plenty of publicity about it. But they're not, and there isn't.