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).

This last year, Northampton has seen two brand new Lidl supermarkets open up and also one new Aldi.

Some of the town's quite large B&Q store is being given over in a re-organisation to allow a massive part of it to become yet another new Aldi store. This latter Aldi is only about 100 yds from the last Lidl to be built.

That's a pressure of four brand new supermarkets to those that were already there.

Amazing!

Cut-throat is what it is for sure!

Wow Laurenrose (TANKS)!!! bigger testacles than me mate, respect! Suppose they could surprise on Xmas sales?

Every picture tells a story. Obvious ten year downtrend BUT most of the last ten years Tesco SP has risen (Santa rally or just leading up to third quarter results in Jan?.). Then depending Xmas sales either bombs or carries on rising till April then bombs on Prelims and downtrend continues.

Could be worth a punt on the spreads, I intend to wait till 12th Jan third quarter and Xmas sales results, see what happens. If it bombs and history repeats then go long on the spreads till 12th April Prelim results 2016/2017.

There is of course a minor detail in the above theory. The uncertainty that the triggering of Brexit in March may bring about, higher food prices etc. So good luck with that. Deutsche Bank taken a positive view today.

LATEST BROKER VIEWS

Date Broker New target Recomm.
5 Jan Deutsche Bank 230.00 Hold
5 Jan Jefferies... 180.00 Hold
5 Jan Barclays... 235.00 Overweight
5 Jan Credit Suisse 130.00 Underperform
4 Jan Bryan Garnier 170.00 Sell
4 Jan Shore Capital N/A Hold
3 Jan Exane BNP... 200.00 Neutral
14 Dec Goldman Sachs 150.00 Sell
22 Nov JP Morgan... 135.00 Underweight
18 Nov Macquarie 250.00 Outperform

top two shares for 2017 barcs cna

barcs over 320p cna over 275p

my order for 40k not filled today i never thought it would but you never no .
will now cancel my order and buy next week on news

News has to be good on a PE of 21
2517

A poor christmas for Tesco will put Dave L. on the chopping block, with him gone by the spring and his head. :-)) They may still surprise.

Tesco emerges as Christmas winner as UK grocery inflation returns - Kantar

IF momentum continues can see 225p as a target for a trade long. As an investment going forward not so sure, but who knows :0)

PS

Can recommend their smoky bacon, better than Markies :0)

3Q and Christmas Trading Statement 16/17

SUSTAINED STRONG PERFORMANCE AT TESCO:
THIRD SUCCESSFUL CHRISTMAS; +1.1% GROUP LFL GROWTH FOR LAST 19 WEEKS

Headlines


Third Quarter (13 weeks ended 26 November 2016)

· Group like-for-like sales growth of 1.5%

o UK like-for-like sales growth of 1.8%

§ First quarterly market share gain since 2011

§ Eighth consecutive quarter of like-for-like volume growth

o International like-for-like sales growth of 0.6%, building on last year's strong performance and reflecting a more competitive environment in Poland

Christmas (six weeks ended 7 January 2017)

· Group like-for-like sales growth of 0.3%

o UK like-for-like sales growth of 0.7%

§ Food like-for-like sales up 1.3%, with significant market outperformance in fresh food

§ Impact of (0.8)% on total UK like-for-like sales from not repeating Clubcard 'Boost' promotion, leading to lower general merchandise sales

§ Strong performance in clothing and toys, with sales up 4.3% and 8.5% respectively

o International like-for-like sales performance of (1.2)% reflects a particularly strong seasonal performance last year in addition to weaker consumer spending in Thailand

Dave Lewis, Chief Executive:
"We are very encouraged by the sustained strong progress that we are making across the Group. In the UK, we saw our eighth consecutive quarter of volume growth and delivered a third successful Christmas. Our fresh food ranges proved particularly popular, outperforming the market with great quality, innovative new products and even more affordable prices. Internationally, we have continued to focus on improving our offer for customers in challenging market conditions.

We are well-placed against the plans we shared in October to become more competitive for customers, simpler for colleagues, and an even better partner for our suppliers, whilst creating long-term value for our shareholders.

I would like to thank all of our colleagues for everything they have done to serve our customers brilliantly over this very busy period."

more.....

so why the drop in sp .

PE of 20+ means the update had to be good, the market seems unimpressed, disappointed even.
2517

Sales may be up, BUT WHAT ABOUT PROFIT ? Aldi and the likes are marching on with store openings. As said before Tesco cannot match Aldi with prices, due to overheads.
Just not geared for these price wars. Only going one way and that is huge price wars.

Tesco shares worth 17% more

Went long this morning, spread bet @ 204.20p stop 194.20 initial target 220p.

There's nothing like a consensus!!

Barclays Capital Overweight 207.25 235.00 235.00 Reiterates

Goldman Sachs Sell 207.25 150.00 150.00 Reiterates

16 Jan
Kepler...
205.00
Hold

Really putting their neck on the block there!

I suppose they are saying all the news at the present time is priced in. :-))