Tesco Shares vs announcement of £5bn loss

elite25

It's it a good time to buy Tesco Shares tonight when they publish the report that talks about the £5bn pound loss?

TheTracker

You mean £6.4B?

edinburgher

TheTracker wrote: »

You mean £6.4B?

It has been widely reported in the regular and financial press/websites etc. as £5B+, I thought the full amount wouldn't be known until their release today?

jimjames

edinburgher wrote: »

It has been widely reported in the regular and financial press/websites etc. as £5B+, I thought the full amount wouldn't be known until their release today?

It's just been announced at £6.38bn but what's a few million between friends.

InvestInPoker

Time to start selling horse burgers again

bowlhead99

elite25 wrote: »

It's it a good time to buy Tesco Shares tonight

Generally no, it is not usually a good time to buy shares at night when markets are closed.

when they publish the report that talks about the £5bn pound loss?

They had already published it before you wrote your post, and the figure wasn't £5bn.

You can put an order in now for when market opens at 8...

https://www.investegate.co.uk/tesco-plc--tsco-/rns/preliminary-results/201504220700219250K/

KGriff

TheTracker wrote: »

You mean £6.4B?

If my maths is correct, that's a loss of £206.11p (rounded down) of every single second of every day for 1 year (365 days).

That takes some doing... Even my wife couldn't spend it that fast ... and she loves to shop (she would need a much bigger trolley) (edit: .. distracting moving smiley removed)

Minrich

Its a bit like saying an individual lost money when their house valuation went down during the slump , so hardly a proper loss !

KGriff

Minrich wrote: »

Its a bit like saying an individual lost money when their house valuation went down during the slump , so hardly a proper loss !

No matter how you look at it ... "Every little doesn't help"

bowlhead99

The trading profit is what they had from trading, before they had a bunch of other non trading or non normal items which got them down to the overall big negative number on a "statutory" (i.e.what the law says you have to declare as your result) basis, 6.376 billion. This includes write downs on businesses and properties that have to be "impaired" down to a lower carrying value than they had before, under the accounting rules.

Radiantsoul

I am not convinced the grocery business is really going to be that profitable ever again.

I do wonder though if they have taken a big bath provision on property and perhaps there will be some upside. There are some sites they own that would make ideal residential property - obviously there are issues are planning permission, etc. For so long people have complained about superstores opening, I wonder if we will see the reverse as they close and convert to other usages?