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Tesco who is buying and who is crying
Comments
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Yes, I wish they'd stop getting linked or quoted or referenced. Yahoo even reprints some of their articles verbatim.bowlhead99 wrote: »And of course there are always 3 or 4 more articles about the company with different authors and either the exact same view or a counterpoint, sitting over on the right side of the screen. All of them will devote a few paragraphs to getting you to sign up for the tipsheet.
It's such an obvious ploy to generate as many speculatory stories (covering bearish and bullish viewpoints) as possible. They can then always be able to link back to the "correct" ones (hey, look, we were right as usual!) to encourage subscriptions, and also push as much trading as possible. People who don't invest often will have less need to subscribe, after all. Just about every "article" they push out shouts BUY BUY BUY or SELL SELL SELL - and I've seen them have both viewpoints on the same company on the same day.
Sometimes I'm tempted to set up one of those dummy/practice accounts offered by some platforms like Saxo and TheShareCentre to follow every piece of advice in every consecutive Motley Fool article. I'd be surprised if anything was left a week later. The duplicated trading fees alone would probably sap most of it.Q: What kind of discussions aren't allowed?
A: It goes without saying that this site's about MoneySaving.
Q: Why are some Board Guides sometimes unpleasant?
A: We very much hope this isn't the case. But if it is, please make sure you report this, as you would any other forum user's posts, to forumteam@moneysavingexpert.com.0 -
As I recall they have had a share consolidation since then, I think it was 4 old shares for one new share.I bought Tesco shares in the mid-1990's at £1.61 per share.
I'm surprised too. Bear in mind Aldi and Lidl have been here over 20 years, and in 2009 were loss making. I expected the middle of the road grocers to lose market share as government policies continue to widen the gap between rich and poor. But I thought that was already reflected in the share price when I bought in at £3.29, so am surprised how much further it has gone down.
I was shopping in Morrisons yesterday (bought equal shares in them too) and found they have cut their prices as if they are going back to their roots.“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
They were about £4.80 ish in October 2010 ish was going to sell the 8000 we had then and didn't ! Now the 20000 we have are worth the same !
Good heavens, I must have missed that October 2010 price:eek:
I am going to sit tight and hope they recover:(Stopped smoking 27/12/2007, but could start again at any time :eek:0 -
Glen_Clark wrote: »As I recall they have had a share consolidation since then, I think it was 4 old shares for one new share.
I'm surprised too. Bear in mind Aldi and Lidl have been here over 20 years, and in 2009 were loss making. I expected the middle of the road grocers to lose market share as government policies continue to widen the gap between rich and poor. But I thought that was already reflected in the share price when I bought in at £3.29, so am surprised how much further it has gone down.
I was shopping in Morrisons yesterday (bought equal shares in them too) and found they have cut their prices as if they are going back to their roots.
No I am pretty sure they haven't had a consolidation - I still have the exact same amount as originally purchased.Stopped smoking 27/12/2007, but could start again at any time :eek:0 -
Just googled it (which I should have done before postingNo I am pretty sure they haven't had a consolidation - I still have the exact same amount as originally purchased.
) and seen there was 3 new Tesco shares issued per one old Tesco share on 6 July 1998 https://uk.finance.yahoo.com/q/ks?s=TSCO.L “It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
Can you explain why they would do that ?0
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Glen_Clark wrote: »Just googled it (which I should have done before posting ) and seen there was 3 new Tesco shares issued per one old Tesco share on 6 July 1998 https://uk.finance.yahoo.com/q/ks?s=TSCO.L
Apologies for doubting you; have just checked and I actually purchased my shares in April 1999, so later than I thought:oStopped smoking 27/12/2007, but could start again at any time :eek:0 -
I'll wait. Never catch a falling knife.Feudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..0
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I bought some, then halved the amount at the last moment to scale in later, if there is a later. But IMO you are probably better off waiting for the downtrend to finish and look for strong buying as a reversal in the future.0
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Tempted to buy but I'm a little short on liquid funds at the moment and I still think they have further to fall.0
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