Streesed staff,,,,,shortage of people on sales floor...is the bubble about to burst...

Tesco reported a 4.1% increase in UK like for like sales excluding petrol in the third quarter.

The performance was in line with market expectations and represented an improvement on the 2.4% achieved in the second quarter, when the poor summer weather hit sales in June and July.

I know i was ahead of events but ...the bubble is bursting..and the staff are even more stressed....while the executives are living the good life...get some money into the shops,,,for goodness sake,,,

...and stop complicating events even more - post on the main thread.

295p is coming

lol..

Broker snap: Nomura keeps faith in TescoDate: Thursday 12 Jan 2012

Nomura maintains a 500p target price.
LONDON (ShareCast) - Despite cutting forecasts for Tesco after a disappointing Christmas, Nomura has maintained its buy rating on the supermarket giant.

The firm disappointed investors on Thursday after UK sales (excluding fuel but including Value Added Tax) in the six weeks to January 7th fell 1.3% on a like-for-like (LFL) basis versus the previous year. Tesco said its LFL sales performance was below its expectations. Shares dropped 14% in morning trade.

"Tesco traded through Christmas with a lower level of promotions, and against an increased level of competitor promotions and coupons, thus losing traction across the peak period," according to Nomura.

The broker cuts its full-year UK trading profit forecast by £95m, or 3%, resulting in an ex-property underlying full-year earnings per share (EPS) estimate of 33.5p, a 2% cut.

However, analysts remain optimistic: "Having underperformed UK grocery market LFLs in recent years, we believe the magnitude of investment underscores Tesco’s determination to reassert its authority in its core market."

"While we do not interpret this to mean leading LFLs, or perpetually increasing share, we believe Tesco will set out its stall to do what is necessary to sustain best-in-class operating metrics and returns, underpinned by LFL growth at a market rate or better," they said.

Nomura maintains a 500p target price.

Bloody hell!!!!! How much did Antony Worrall Thompson steal from Tesco?

Go long marky.....the drop is overdone.....

With christmas ...you never want to be in retailers until after figures in the new year....it's the same every year and will be the same next year...once there're out, then you can make your mind up (with a bit of bucks fizz)....and take the plunge...to me Tesco look like a bargain....shops all over eastern europe from what I understand now....

LOL marky!

RF am thinking it might drop more as it does not take much in this market to spook it or beat up a share.....will watch and wait.

Might drop further but will make a very strong comeback....look at the graph...it's not as if they've made a loss...au contraire....

When he goes in a shop...all eyes will be on'im......(giggles.....loads..of..giggles)...

remember the games in june good for food sales and a lot are not going on hols
to watch them . so lloking to make a move but at what sp.

.

worrall thompson lol lol lol

'i will get some treatment for my shop lifting worrall thompson' yeah right worrall - you got caught dude, of course you regret it now! doubt you would have done if you didnt get caught oddball - lol!

Are you a yank gibby?

liked your post markymar- anyway got in at 332.0679- too good to miss now (famous last words...)

Looks like it could be on its way back up.....still watching

What is the point of two threads on the same stock? There are few enough posts on the board as it is! Tesco Thread.

Ahem I refer to my comment from 2007? Was a right...I think so.

For the moment, this thread is a much more interesting Tesco thread, IMHO.