Squirrelhumper Posted April 21, 2015 Share Posted April 21, 2015 5bn losses.... Quote Link to comment Share on other sites More sharing options...
fringo Posted April 21, 2015 Share Posted April 21, 2015 That's since I cancelled/boycotted my online deliveries. Quote Link to comment Share on other sites More sharing options...
kps022000 Posted April 21, 2015 Share Posted April 21, 2015 At least £5billion, could be closer to £6billion is what I am hearing. When the loses are announced and if (it's a big if) the share price tumbles then now is the time to jump on Tesco. The Kantar figures are looking promising for them so this will be the best time to buy. Quote Link to comment Share on other sites More sharing options...
1ANDYP Posted April 21, 2015 Share Posted April 21, 2015 (edited) How do you go about buying shares.an isa has just matured and was going to reinvest somewhere. Edited April 21, 2015 by 1ANDYP Quote Link to comment Share on other sites More sharing options...
Kirk Posted April 22, 2015 Share Posted April 22, 2015 I wouldn't touch them at all. Quote Link to comment Share on other sites More sharing options...
arbroath55 Posted April 22, 2015 Share Posted April 22, 2015 How do you go about buying shares.an isa has just matured and was going to reinvest somewhere. Firstly I am not a financial advisor and now we`ve covered the legal bit just google around for a company that offers a share dealing service, open an account, transfer some money into your new account and you can deal up to the amount you`re in credit. I have an account with these guys https://www.youinvest.co.uk/and it`s all done online. Quote Link to comment Share on other sites More sharing options...
killiefaetheferry Posted April 22, 2015 Share Posted April 22, 2015 Still looking at 1.4 billion trading profit, with the 'losses' being non cash writedowns on stuff like the property portfolio. Looks like Dave Lewis is tearing off the plaster in a oner. Shares will dip and should be a bargain if you believe they have just tidied up the accounts. Quote Link to comment Share on other sites More sharing options...
EddardStark Posted April 22, 2015 Share Posted April 22, 2015 still going to buy more if the share price drops like a stone. However I will sell if they get back to anywhere near £2.50. Quote Link to comment Share on other sites More sharing options...
1ANDYP Posted April 22, 2015 Share Posted April 22, 2015 Seems 6 months ago was a good time to buy. Quote Link to comment Share on other sites More sharing options...
Mindimoo Posted April 22, 2015 Share Posted April 22, 2015 £6.4B losses. Quote Link to comment Share on other sites More sharing options...
EddardStark Posted April 22, 2015 Share Posted April 22, 2015 Share price up. What a strange world. Quote Link to comment Share on other sites More sharing options...
kps022000 Posted April 22, 2015 Share Posted April 22, 2015 Not really. Lewis has had free reign over the last 6 months to try and turn Tesco round knowing that last year's results , as horrific as they are, were not a reflection on him. Green shoots of recovery so share price reflects the future, not the past. Sainsburys are due a shocker as well. Makes Morrison's look good by comparison. Quote Link to comment Share on other sites More sharing options...
Khana Lagur Posted April 22, 2015 Share Posted April 22, 2015 I wouldn't touch Tesco shares - other than to option them. This morning's price action, to me, has so far been almost entirely predictable. The shares may get some temporary upside from the overall direction the business will have to take in reshaping itself and the latest UK LFL figures, but Tesco's overall margin is the pits and that's what the fundamentals-based investors will focus on largely. Quote Link to comment Share on other sites More sharing options...
Larky Masher Posted April 22, 2015 Share Posted April 22, 2015 Still looking at 1.4 billion trading profit, with the 'losses' being non cash writedowns on stuff like the property portfolio. Looks like Dave Lewis is tearing off the plaster in a oner. Shares will dip and should be a bargain if you believe they have just tidied up the accounts. Exactly, one off not operating losses and simply getting them out of the way. Quote Link to comment Share on other sites More sharing options...
jailender Posted April 22, 2015 Share Posted April 22, 2015 I think the problems are a lot more complex than that. The model that Tesco built their market dominance on is, if not broken, damaged. People's shopping habits have changed, out of town big stores are not the main thing anymore, discount stores have impacted on them. Tesco have also had calamitous losses abroad. Quote Link to comment Share on other sites More sharing options...
Larky Masher Posted April 22, 2015 Share Posted April 22, 2015 I think the problems are a lot more complex than that. The model that Tesco built their market dominance on is, if not broken, damaged. People's shopping habits have changed, out of town big stores are not the main thing anymore, discount stores have impacted on them. Tesco have also had calamitous losses abroad. They had losses in the US but took those last year, most of this loss is a writedown in property values. Quote Link to comment Share on other sites More sharing options...
arbroath55 Posted April 22, 2015 Share Posted April 22, 2015 rom: Upton, Kate On Behalf Of Lewis, DaveSent: 22 April 2015 07:04To: Lewis, DaveSubject: Our Full Year Results 2014/15Dear colleagues,You will see today that we have reported very large losses of £6.4bn. I want to set out what this means. It is important to separate the one-off costs, representing our past performance, from the improving underlying business performance in the fourth quarter of the year.These one-off costs recognise a number of things - that the value of the property we own has fallen, the cost of dealing with our excess stock levels, and restructuring costs, including changes in stores and the office, as well as the cost of the sites we announced we would no longer be developing.Our reduced trading profit of £1.4bn reflects the challenges we have seen in the UK and in our overseas markets. It is a difficult time for all retailers, but we also haven’t been as competitive in recent years. We have faced into this and are already seeing some encouraging signs from what we have done so far.Our like-for-like sales volumes are up for the first time in over four years, driven by better availability, better customer service and better prices. Every day we are seeing our customers recognise this. Put simply, more customers are now buying more things at Tesco.We have got more to do, but I want us all to be encouraged by the steady improvements that we have been making together, and the momentum we are seeing.You have heard me say that our performance in the first half of the year was not competitive enough. In October, I outlined three key priorities:· regaining competitiveness in the UK;· protecting and strengthening the balance sheet; and· rebuilding trust and transparency.Since then we have done a lot to address these:To be more competitive, we are putting more colleagues in store, and improving availability, while bringing down the prices of hundreds of brands. We are now seeing increases in footfall, while transactions and sales volumes are growing again for the first time in years.We have taken some tough decisions to be more efficient, but more importantly to put the customer back at the centre of everything we do. Our restructuring programme has meant saying goodbye to some valued colleagues. I do not underestimate the impact this has had on everyone. However, your response and support through this difficult time has been overwhelming and humbling.We have done much to protect and strengthen our balance sheet. We have halved our capital expenditure budget to £1bn, closed unprofitable stores, sold or closed our blinkbox businesses, and secured the freeholds of 21 more stores to reduce the rent bill. We also began the consultation on our pension scheme on Monday, to replace the current defined benefit pension scheme with a new scheme.Rebuilding trust in our business will be essential for our future success. As part of this, we are building longer-term partnerships with our suppliers. We’ve also revised and launched a new Code of Business Conduct, and we continue to support our communities through local and national programmes.Our international markets have also experienced difficult trading environments. We have announced a big change to the way that we organise our business in Europe, creating a single business unit with one leadership team. Our goal is to create a business that is sustainable, simpler to work in, and has the resources to invest in doing the right thing for customers. In Asia, the markets are strong and growing, and we continue to see value and potential. However, last year there were trading challenges and we are working through these.I would also like to call out that at Tesco Bank, revenue and customer numbers are up, driven by strong growth in lending to customers.We are on the path to do things better, quicker and smarter for the benefit of our customers. Many of the changes are in areas where colleagues have told us we need to improve or simplify – that’s why we are introducing the Big 6. You are experts on our customers’ needs, as many of you are on the front line with our customers daily. So, please keep your feedback coming.If you want to see the full details of our announcement today, they are available in the news release attached and Alan and I have recorded a video<https://www.ourtesco.com/our-full-year-results-1415/>.Thank you for your continued commitment, hard work and your great contribution as together we focus on delivering great service for our customers.Your efforts and positivity in getting on with the job, no matter what is going on around you, and the way you embrace change is extraordinary – I firmly believe that together, extraordinary people can achieve extraordinary things.DaveThis is a confidential email. Tesco may monitor and record all emails. The views expressed in this email are those of the sender and not Tesco.Tesco Stores LimitedCompany Number: 519500Registered in EnglandRegistered Office: Tesco House, Delamare Road, Cheshunt, Hertfordshire EN8 9SLVAT Registration Number: GB 220 4302 31 Quote Link to comment Share on other sites More sharing options...
arbroath55 Posted April 22, 2015 Share Posted April 22, 2015 I bought when they were at 185p about the time when Mike Ashley bought a few million, they even fell after that but have climbed steadily and I bought again at 235p and saw them go to about 247p. The results announced today would not have been so bad under the previous Tesco management but that is not a good thing as the previous management were all Tesco lifers and would probably have allowed the company to carry on the way it was without making the changes the new team have. This was new guy Dave Lewis only opportunity to get all the bad news out of the way as this time next year the results will be down to him. In terms of perspective the loss sounds huge but the company does turnover £69 billion a year Shares are currently holding firm Quote Link to comment Share on other sites More sharing options...
teecee- Posted April 22, 2015 Share Posted April 22, 2015 " Storm in a teacup " shares will be at minimum £3 in 32 months when my Sharesave matures. Bought them for £1.50. Quote Link to comment Share on other sites More sharing options...
killiefaetheferry Posted April 22, 2015 Share Posted April 22, 2015 " Storm in a teacup " shares will be at minimum £3 in 32 months when my Sharesave matures. Bought them for £1.50. Likewise. 5 year scheme at £1.50 option price. Somehow just about managing to find 200 a month in an attempt at a lifechanger. several other colleagues investing heavily as well. Quote Link to comment Share on other sites More sharing options...
teecee- Posted April 22, 2015 Share Posted April 22, 2015 £300 a month for me, hard going as every bone in my body wants to retire. Quote Link to comment Share on other sites More sharing options...
Orraloon Posted April 22, 2015 Share Posted April 22, 2015 Likewise. 5 year scheme at £1.50 option price. Somehow just about managing to find 200 a month in an attempt at a lifechanger. several other colleagues investing heavily as well. I don't want to pish on your chips or anything but even if they doubled in price would that really be a "life changer"? I'm not saying it's not a good plan. It probably is, depending on your circumstances, but please don't get carried away expecting too much out of it. Quote Link to comment Share on other sites More sharing options...
Menschlich Posted April 22, 2015 Share Posted April 22, 2015 The share price will likely go up again. I don't think buying now would be a bad idea at all. Quote Link to comment Share on other sites More sharing options...
killiefaetheferry Posted April 22, 2015 Share Posted April 22, 2015 I don't want to pish on your chips or anything but even if they doubled in price would that really be a "life changer"? I'm not saying it's not a good plan. It probably is, depending on your circumstances, but please don't get carried away expecting too much out of it. Aye nae worries, I'm going in with my eyes wide open. I've got 20 years service so I've had some really good SAYE payouts in the past but the not for the last 4 or 5 years as the share price has not performed so well and I took out all my invested cash - the current one is the first opportunity for years to take a decent option price. It's no lose as worst case scenario you just get back all your savings, but a £3.00 share price in 5 years time does not seem unrealistic and would pay me about £26000. That would be a life changer as it would pretty near pay off my mortgage. Anything above that and I'm looking at how early I could afford to retire ! Quote Link to comment Share on other sites More sharing options...
Charlie Endell Posted April 22, 2015 Share Posted April 22, 2015 I'm not surprised. Their chicken, pepperoni and cheese sandwich is the only decent one they offer. Quote Link to comment Share on other sites More sharing options...
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