scrappycocco Posted April 26, 2013 Share Posted April 26, 2013 Is it time to buy more tesco as those of us did in January when moneyweek weren't too sure about it? Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted April 26, 2013 Share Posted April 26, 2013 Link? Their reasoning? Quote Link to comment Share on other sites More sharing options...
ItsColdUpHere Posted April 26, 2013 Share Posted April 26, 2013 Is it time to buy more tesco as those of us did in January when moneyweek weren't too sure about it? House prices won't fall until Moneyweek say they're going to rise. Quote Link to comment Share on other sites More sharing options...
bearwithasorehead Posted April 26, 2013 Share Posted April 26, 2013 (edited) I don't like TESCO at the mo. Their big land bank may face a right down. the UK is the core and they're making less money - there's more competition from other supermarkets. high pe of 21-ish and divi ripe for cutting. Could go sub 300 easily. In my opinion you'd be better off with unilever or something like that. edit: for me the whole attraction of the stock market in the UK is that it allows you to invest in income from OVERSEAS via good quality UK companies. TESCO doesn't fit that bill. Edited April 26, 2013 by bearwithasorehead Quote Link to comment Share on other sites More sharing options...
scrappycocco Posted July 23, 2013 Author Share Posted July 23, 2013 Tesco is like the second biggest in the world though isn't it? I filled my isa the other week with some more at 330p, now 360p; I bought on lower dips previously. Sainbury is close to 400p, makes tesco seem like a bargain to me. Quote Link to comment Share on other sites More sharing options...
getdoon_weebobby Posted September 25, 2013 Share Posted September 25, 2013 as long as Buffett is holding onto Tesco I am inclined to hold on to my Tesco shares. Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted September 25, 2013 Share Posted September 25, 2013 as long as Buffett is holding onto Tesco I am inclined to hold on to my Tesco shares. Is he going to let you know when he sells? Quote Link to comment Share on other sites More sharing options...
Ologhai Jones Posted September 25, 2013 Share Posted September 25, 2013 Bought some Tesco shares back in May '11. Sold them a couple of months ago or so. 11% loss. So, that's how much I know about the stock market. Quote Link to comment Share on other sites More sharing options...
Lagarde's Drift Posted September 26, 2013 Share Posted September 26, 2013 Bought some Tesco shares back in May '11. Sold them a couple of months ago or so. 11% loss. So, that's how much I know about the stock market. Does that figure include the dividends you received? Quote Link to comment Share on other sites More sharing options...
Ologhai Jones Posted September 26, 2013 Share Posted September 26, 2013 Does that figure include the dividends you received? Yes, unfortunately it does. 'Strategy' is too strong a word, but I have a kind of s-word that doesn't mind realising a loss. I read once that it's not uncommon for people to keep their losing shares (in the hope they'll turn around, and so they don't have to admit to themselves that they picked a turkey), and sell their winning shares (feel good factor of making a profit). The net effect is a crappy portfolio. At the same time as I sold my Tesco shares, I also sold my Thomas Cook shares (which I had considered to be something of a flutter rather than part of a longer-term portfolio at the time), making a 54% profit, so I don't feel too bad. Quote Link to comment Share on other sites More sharing options...
Frank Hovis Posted October 2, 2013 Share Posted October 2, 2013 IMO Moneyweek were spot on. First-half group trading profit fell 7.6 percent to 1.59 billion pounds in the six months to August 24 - in line with analysts' forecasts. That was hit by a particularly poor performance in Europe, where trading profit in the first half was down 68 percent.Tesco is also the most affected by the growth of discounters Aldi and Lidl, according to JPMorgan Cazenove, until recently Tesco's house broker. http://uk.finance.yahoo.com/news/tesco-posts-flat-quarterly-sales-061356539.html I go a lot with personal experience, I kick myself for not buying Wetherspoons when they started and I and everybody else thought they were great. I did buy Fullers fortunately. Tescos IMO has further to slide, people I know are abandoning it for Lidl / Aldi (cheaper and better quality) or Sainsbury / Asda (perceived posher) depending on the person. When I have shopped in Tesco I have been disappointed by the quality of their cheap stuff and the price of their brands. The decline is locked in and these perceptions move like oil tankers, I will buy their shares again but probably in five years' time. Quote Link to comment Share on other sites More sharing options...
scrappycocco Posted October 4, 2013 Author Share Posted October 4, 2013 Well I bought more on the recent dips and now it's back past 360p. Other than Vodafone, Tesco has to be the easiest share to trade. I shop there (the big one in Watford is vastly superior to anything else), buy stuff online from there, bought petrol from there when I had a car, have a savings account with them etc; it's a company that has its fingers in a lot of things. In contrast all my money week tips lost me money. I've used aldi/lidl and they don't seem to be as convenient or have the selection for my shopping. And Tesco honours price glitches. Got to admit I've not been so lucky with some of my other shares possibly due to the US situation - gsk, national grid, seven Trent, centrica - all down and these were supposed to be my stables. Quote Link to comment Share on other sites More sharing options...
bearwithasorehead Posted October 19, 2013 Share Posted October 19, 2013 (edited) Well I bought more on the recent dips and now it's back past 360p. Other than Vodafone, Tesco has to be the easiest share to trade. I shop there (the big one in Watford is vastly superior to anything else), buy stuff online from there, bought petrol from there when I had a car, have a savings account with them etc; it's a company that has its fingers in a lot of things. In contrast all my money week tips lost me money. I've used aldi/lidl and they don't seem to be as convenient or have the selection for my shopping. And Tesco honours price glitches. Got to admit I've not been so lucky with some of my other shares possibly due to the US situation - gsk, national grid, seven Trent, centrica - all down and these were supposed to be my stables. scrappy You're a bit exposed to the biggest of the big boys. Nothing wrong with keeping them, and TESCO, despite my opinion near the top of this thread. However, consider the FTSE 250 in the future as there is little major upside to your shares. I hold two of your shares but am looking for exit. Quite a lot of risk in NG, Centrica and VOd, imo How many of your closest acquaintances shop in the same way as you? edit: and Tesco is cheaper than in 2006! I was huge fan of Morissons, but none of my mates shop there - do you see what I'm driving at? Edited October 19, 2013 by bearwithasorehead Quote Link to comment Share on other sites More sharing options...
scrappycocco Posted October 23, 2013 Author Share Posted October 23, 2013 scrappy You're a bit exposed to the biggest of the big boys. Nothing wrong with keeping them, and TESCO, despite my opinion near the top of this thread. However, consider the FTSE 250 in the future as there is little major upside to your shares. I hold two of your shares but am looking for exit. Quite a lot of risk in NG, Centrica and VOd, imo How many of your closest acquaintances shop in the same way as you? edit: and Tesco is cheaper than in 2006! I was huge fan of Morissons, but none of my mates shop there - do you see what I'm driving at? I was looking for exist of some of them. The reason I've got some of the big boys for my isa is because of QE, just seemed like a safe way to go for someone that doesn't have a lot of time to watch markets. Tesco though, whilst QE is on going, I'll keep buying it on dips. Quote Link to comment Share on other sites More sharing options...
bearwithasorehead Posted October 23, 2013 Share Posted October 23, 2013 I was looking for exist of some of them. The reason I've got some of the big boys for my isa is because of QE, just seemed like a safe way to go for someone that doesn't have a lot of time to watch markets. Tesco though, whilst QE is on going, I'll keep buying it on dips. Good strat and I'm prepared to be wrong on Tesco! They've got critical mass few can match I am just still nervous about their competition and issues around their quality turning into loss of mkt share - even though they've got oodly of dosh, the 'sentiment' factor in mkt could work against their share price - just look at BP. One thing: you've got too many utilities, I think: national grid, seven Trent, centrica Quote Link to comment Share on other sites More sharing options...
Dorkins Posted December 9, 2013 Share Posted December 9, 2013 How many of your closest acquaintances shop in the same way as you? This is speculative thinking, trying to predict what everybody else will do instead of analysing your own motives. If you are trying to accumulate productive capital for your old age you should invest in things that will produce what you want to be able to buy in your old age. Quote Link to comment Share on other sites More sharing options...
bearwithasorehead Posted December 13, 2013 Share Posted December 13, 2013 (edited) This is speculative thinking, trying to predict what everybody else will do instead of analysing your own motives. If you are trying to accumulate productive capital for your old age you should invest in things that will produce what you want to be able to buy in your old age. I merely made the point that the OP was making a mistake in assuming that just because he likes the services of a company that it is a good company with good prospects. Tesco now at pretty much mid-2012 levels. They are only 10% higher than the 2008 crash when they lost nearly 50% of their value over 12 months. Edited December 13, 2013 by bearwithasorehead Quote Link to comment Share on other sites More sharing options...
Venger Posted June 4, 2014 Share Posted June 4, 2014 Tesco is like the second biggest in the world though isn't it? I filled my isa the other week with some more at 330p, now 360p; I bought on lower dips previously. Sainbury is close to 400p, makes tesco seem like a bargain to me. Working out still? Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted June 4, 2014 Share Posted June 4, 2014 Went to Tescos yesterday for a mobile phone charger - cheapest non-brand was about £11 and the branded ones were circa £23. I didn't fancy buying. Got home and a mate had bought a rapid charging Samsung branded one in Poundland - £1. WTF! On this news I expect Tesco's SP to collapse in the morning Quote Link to comment Share on other sites More sharing options...
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