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).

OK, G. Thanks for telling me.

As understand it, lots of the '3 for 2' and 'BOGOF' deals and the like, etc, etc, are greatly financed by the suppliers. Although no doubt Tesco do shove their arms up their backs to make them do it. And then there are 'best shelf positions' and trials, loss leaders, market place positioning and tons of other 'screw the customer' scams.

I did feel sorry for Sainsbury's when an internal staff notice pushing staff to 'try to get just another 50p from each customer' was released into the public domain by a whistle blower just a few days ago. The media made a right meal of it, whereas this is how business has to work. A supermarket doesn't exist just for the good of its health:

old man buffet saying he made an error buying Tesco this morning is starting to have an affect gla

Supermarkets have become big-business because they cater for the rising aspirations of their local areas - just look at their effect on Petrol stations. This is because folks look only at the "headline price" and cheap petrol somehow off-sets their longer round-trip
.
However, as investors we've become used to increasing profits and the various "scams" they all run ( er, depending upon your viewpoint, naturally), are there to make more profit.


If you can't afford it, then be strong and buy the lower-priced item, is my motto.
IMHO Lidl and the like have raised their prices recently - their wines are an example where you can't buy anything that is "cheap" - admittedly they are probably below other Supermarkets, but I think (the Big five) should concentrate on filling their shelves with more-different products, rather than more-choice. If you want crisps, then having a whole aisle full of them doesn't make you spend more, only different. That difference means TSCO is carrying a lot of stock-capital, whereas they could increase their product ranges, esp. non-food..... since the Gov. is trying to reduce our food-intake!
Greekman pointed to Value-scams a while back and whilst there is much merit in his words, there are times when buying a smaller qty does save you money - a small bag of potatoes at £1 is better then a really large one at £2.50 - because a single-person will throw away the stuff when it goes off. In addition there is the suspicion that the big bag will contain a few "wrong-uns" to make the weight ( Ooops!).

What I object to is supermarkets that "Up the Price" for no reason - a change of packing is no excuse and often you will find the value-range repacked so it commands a higher price - one suspects that this is to remove the value-item which is a drag on profits.....but I'd argue that rich customers don't fine these bottom-shelf goods as they fly through towards the expensive items on their list. ASDA has doubled their Ketchup price, by substituting plastic for glass - now, glass is recyclable whereas plastic isn't - so I suspect they are paying more for no purpose.
Of course, it could be they will bring back the cheaper prices if enough folks can be bothered to complain . . . . but as Greekman hinted, one wonders if suggestion are filed in the bin, such is the arrogance of Managers while profits are rising.

I have no comment on TSCO profit-hole, other than to wonder if shareholders shouldn't ask Auditors to repay their fees - and maybe a few Dir bonuses likewise.
I'll get my coat.

Buy @13p is my advice.

Going to £1.50 imo

At 160 , they maybe under valued

Wonder how the NAV stacks up now with the Market Cap????

All that land and property.

You never know a cheeky bid could come in.

lol mitzy isnt that a tad high though? ;

Alright 50p then..lol.

Talk of a rights issue

certainly no reason to buy tesco
whether they're worth shorting still is a moot point

Look at the NAV look at the NAV .............you SILLY BILLY.

if you want to buy these, then good luck to you

You never know a cheeky bid could come in.

Walmart/Buffet joint bid ? when the dust clears

If they go down much more ,i might make a bid , my Asian mates down at the corner shop said they will put in with me.

Directorate Changes

Tesco PLC today announces that Richard Cousins and Mikael Ohlsson will join the Board of Tesco on 1 November 2014 as Non-executive Directors.
Richard has been Group CEO of Compass Group PLC since 2006. He was a Non-executive Director of Reckitt Benckiser Group PLC from 2009 until May 2014 and of HBOS PLC and Bank of Scotland from 2007 to 2009. He will bring valuable UK and international corporate experience to the Board.

Mikael was until September 2013 CEO and President of the IKEA Group. He is a Non-executive Director of Volvo Car Corporation, Ikano S.A. and Lindengruppen. He will bring valuable retail and international experience to the Board.

perhaps mikael was flown in :-))

This happened on Monday this week but I cannot find a mention of it on MoneyAM's RNS News. How strange.

Julia Kollewe
The Guardian, Tuesday 7 October 2014 09.44 BST

Tesco suspends another executive after profits debacle
Group commercial director Kevin Grace was asked to step aside on Monday, FT reports

A fifth executive is understood to have been suspended by Tesco as Britain’s biggest retailer investigates the shock £250m overstatement of its profits.

The Financial Times reported that group commercial director Kevin Grace was asked to step aside on Monday, although Tesco declined to comment. Grace has been on Tesco’s executive committee since December 2011, having joined the supermarket group in 1982.

Just three weeks after its new chief executive Dave Lewis took the reins, Britain’s biggest grocer stunned investors with the revelation that its profits had been artificially inflated by £250m. Last month it suspended four executives, including the head of its UK food business), called in investigators and rushed in its new finance director, Alan Stewart, to help them get to the bottom of the accounting scandal. The City regulator, the Financial Conduct Authority, is conducting its own investigation into the issue.

The Tesco board came under fire again at the end of last week, after the embarrassing revelation that the embattled supermarket group had bought a new $50m Gulfstream corporate jet in 2013. Lewis is battling to stabilise sales after four shock profit warnings this year.

I read that today on another site , also lot of talk about the Tesco club card being sold off for 2 Billion , and talk of legal action if they sell customers information.

US Firm TPG eyes up a £2bn BID for Tesco Clubcard arm