Tesco is one of the worlds leading international retailers. Since the company first the trading name of Tesco, in the mid 1920s, the group has expanded into different formats, different markets and different sectors. The UKs leading retailer Tesco was floated on the stock exchange in 1947 and in 1995 took over rival Sainsburys position as the UK number one. The principal activity of the group is food retailing, with over 2,000 stores worldwide. Tesco has a long term strategy for growth, based on four key parts: growth in the Core UK business, to expand by growing internationally, to be as strong in non-food as in food and to follow customers into new retailing services. The company launched a home shopping service in 2000, allowing customers to order their shopping online. Tesco is now expanding its convenience stores and overseas into areas such as Taiwan, Malaysia, Poland, the US and Ireland.

Upper graph = 12 month share price with 6 month moving average
Lower graph = 12 month volume (red line = volume average).

Barclays cuts price target to 340p; rating equal weight

Deutsche Bank Buy 331.20 331.20 348.00 348.00 Retains

Are you still thinking of buying around the 300p level skinny? Chart looking a bit grim, but your target probable, imo.

That's the plan atm Harry, although I'm slowly losing faith in them.

Main Securities Market Notice

The board of the Irish Stock Exchange approves the admission of the undermentioned securities to listing on the Official List and trading on the Main Securities Market of the ISE.

TESCO PLC

14,000,000 Ordinary Shares of GBP0.05


Main Securities Market Notice

ADMISSION NOTICE

The board of the Irish Stock Exchange approves the admission of the undermentioned securities to listing on the Official List and trading on the Main Securities Market of the ISE.

TESCO PLC

3,500,000 Ordinary Shares of GBP0.05

"Irish Stock Exchange"? I didn't know they had one did you Skinny?

Sounds like an oxymoron doesn't it, but :-



The Irish Stock Exchange is Ireland's only stock exchange, and has been in existence since 1793. It is an Irish private company limited by guarantee.

Thanks, And what about the Scottish and Welsh one's -):

I guess they look something like this :-

Triple bottom?

I hope so skinny!
Tesco has failed to deliver for the past few months but I am still holding although underwater right now.
TT

High TT, as posted above, I recently sold some of my long term holding and bought SSE - also spectacularly under performing, although at least I've have the recent SSE dividend to come.

I've just opened a S/B at this level.

Something afoot?

Must be this Bankers ready $8.35 billion debt financing for Morrisons sale

Tesco and Sainsburys both hit badly by the abysmal results from Morrisons.
I wasn't expecting such a fall on Tesco but a better buying opportunity for some. All depends upon how bad their results are when they announce on 16th April.
There was an article on Motley Fool on Tuesday ( Three good reasons to put Tesco in your Trolley) that made good sense.
With the share price down another 4% the yields get better.

Wasn't that long ago we were looking for £4........

Hmmm....now sub 300p. Might be worth a punt, but no knowing if results will be reasonable. Might have lost more market share to Aldi & Lidl.

And a two or three year price war from Morrisons and the rest forced to join.

Friday 21 March 2014

TESCO CONFIRMS JOINT VENTURE WITH TATA IN INDIA

Following its previous announcement and receipt of approval from the Indian Foreign Investment Promotion Board, Tesco has today entered into an agreement with Trent Limited, part of the Tata Group, to form a 50:50 Joint Venture in Trent Hypermarket Limited (THL) which operates the Star Bazaar retail business in India. Tesco's investment will be around GBP85 million.

Completion of this transaction is subject to other necessary approvals.

Notes to Editors:

-- On completion of the transaction THL will operate 12 stores retailing a range of merchandise including food and grocery, personal and home care products, home and kitchen, fashion and accessories etc. The stores are operated under the 'Star Bazaar' and 'Star Daily' banners, and spread across the Southern and Western regions of India.

-- Since 2008 Tesco has had a wholesale supply and franchise /technical service agreement to supply merchandise and provide technical knowhow and support to THL in India.

16 April 2014 Preliminary results announcement 2013/14.