Tesco who is buying and who is crying

chile_paul

I bought Tesco shares over 10 years ago and (after many years of decent returns) decided to cut my losses about 3 months ago - I was gutted at the time with the poor price but am smiling now to have got out when I did!

chucknorris

I managed to stop myself buying ( I was tempted but decided it was foolhardy), I don't have an inside line, so I don't want to start guessing, I'm sticking to funds rather than individual shares.

takesyourchances

Well the £1000 I had in tesco's is now sitting at -£925. Thankfully it was "virtual" money and not mine on Halifax fantasy trader a few years ago.

I just logged in to see it there out of interest after a long time. I will stick to my Vanguard VLS's and funds, no single stock picking for me.

Thrugelmir

Bottom feeders are waiting for the price to fall to the 170p level.

So pleased that I sold out entirely on 28th May at 301p.

Glen_Clark

Thrugelmir wrote: »

I would say not. There's over capacity of selling space already. With Aldi and Lidl still expanding, and Sainsbury also launching a discount chain. Morrisons likewise its local stores.

I was talking about price war, and thought there was one already?

jacobsmith5526

:T tesco is very nice place to shopping

bowlhead99

That's a quality set of rapidfire posts you're making, new user jacobsmith!

I see the MPs are weighing in on Tesco's 'stratospheric' accounting error: http://www.bbc.co.uk/news/business-29357840
Article makes a sensible point that you would expect them to have had someone at board level looking after Finance since the last FD resigned and had no input during what sounds like 6 months gardening leave. But I guess if you're going to get a quality candidate to replace him for the long term, you can't get that on tap.

Meanwhile, interesting to see Mike Ashley at Sports Direct writing a put option on 23 million Tesco shares - the size of his exposure is pretty bullish when SPD'ss main raison d'etre is retailing rather than financial investing. Still it's unlikely he'd lose a pound per share and SPD's balance sheet is £4bn these days, so can probably afford the financial hit, or indeed to actually buy cheap Tesco shares if he needs to at expiry.

Share price seems to have calmed down, just sitting in the 193-196ish level since midday Tuesday. Will be interesting to see what the (later than planned) interims have to say for themself.

Thrugelmir

Glen_Clark wrote: »

I was talking about price war, and thought there was one already?

When Tesco's decides upon it's future strategy then there'll be a price war. As T's need to reposition themselves in the marketplace. Otherwise there will be a drip drip loss of busineess to the discounters.

RobCR_2

I wonder what will be warren buffets response to this, if I recall he suffered a loss of $750m from the drop?

jabba42

bowlhead99 wrote: »

Meanwhile, interesting to see Mike Ashley at Sports Direct writing a put option on 23 million Tesco shares - the size of his exposure is pretty bullish when SPD'ss main raison d'etre is retailing rather than financial investing.what the (later than planned) interims have to say for themself.

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