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).

You were right Harry, opened @ 404.20 no brainer trade. Maybe you should consider S/Betting, even at just £10 a point would have made yourself an easy (383.0 to 404.20) £212 tax free. I use Cap Spreads :O) .

If only they were all that easy to spot! I usually get it badly wrong.

MRW - is a classic trending chart - it has recently broken above 305.

Indeed skinny :O)

The Sunday Times - Share tips for 2012 - Published 1/1/2012
Today's Business section of the Sunday Times has an article called "Our share tips for 2012" in which Sunday Times staff pick the shares they believe will do well in 2012. Their share tips for 2012 are:


Tesco - Buy at 403.4p

3 January: TSCO - ING Barings: Reiterates Sell - Old TP: 360p not revised.

Wee punt long on the spreads @ 385.7 been hammered along with MRW and SBRY, on the premise that the market always does the opposite of the obvious :O) tight stop 378.7.

Trading Statement.

Group Sales
============

Group sales in the six weeks to 7 January 2012 increased by 5.2% including petrol (4.2% at actual exchange rates) and by 4.0% excluding petrol (2.9% at actual exchange rates).


UK Performance
===============

In the UK, total sales including VAT and petrol grew by 3.8% and by 1.7% excluding petrol. Net new space performed well, contributing 3.0% growth, but like-for-like sales growth - at (1.3)% including VAT and excluding petrol - was below our expectations and disappointing, particularly in the context of the difficult weather conditions in 2010.

We delivered a very good Christmas shopping experience for our customers but in a highly promotional market, the volume response to our increased investment into lowering prices did not offset the deflation it has driven. The wider improvements in the shopping trip that are an integral part of strengthening our performance are still to work through fully.

In general merchandise, clothing and electricals, we saw growth overall, with an improved performance in electronics in particular being driven by strong sales of tablet computers and e-readers. Like-for-like sales remained below last year but still at a much improved level compared with the first half.

Online sales were strong in both food and non-food with total online sales growth of more than 14%. Approaching one million orders were placed with Tesco Direct during the period, of which over two-thirds were collected in store.


Good progress in international markets
=======================================

We are pleased with the performance of our international businesses. Total international sales over the period grew at 8.2% (5.0% at actual exchange rates), with strong performances in all three regions: Asia, Europe and particularly the United States.

In Asia, total sales grew by 8.1% (7.0% at actual exchange rates), with modest like-for-like sales growth impacted by slower performance in Thailand, linked to the lingering effects of the recent flooding.

In Europe, total sales grew by 7.0% (2.0% at actual exchange rates). Like-for-like sales growth was pleasing and overall stronger - at 1.0% excluding petrol - than our third quarter performance.

In the United States, Fresh & Easy continued its strong run of form, helped by a very successful Christmas and New Year period. Total sales grew by 41% and like-for-like sales growth also remained strong at 19.3%, driven by the improvements the business has delivered for customers and building on the good progress made earlier in the financial year.


Outlook
========

In a challenging consumer environment at home, and with early signs of more cautious behaviour emerging elsewhere, we have seen more strain than anticipated on our profitability during the important seasonal trading period. As a result, while underlying profit before tax and earnings per share for 2011/12 will be broadly in line with market consensus forecasts, we expect Group trading profit growth to be around the low end of the current consensus range.

Our plan for 2012/13 now reflects substantially increased investment to deliver an even better shopping trip for customers - particularly in the UK. Consequently, we anticipate minimal Group trading profit growth for the year.

An important element of our plan for 2012/13, as we signalled at our Interim Results, will be reduced levels of capital expenditure as we modify our approach to UK expansion.

Investor and Analyst Call - 8.00am Thursday 12 January:

Ouch - down 10.4% @345

this is good been waiting for this for a while here - sorry to any who are long or already in here of course

next home / argos :-)))

Just added @336.

i was not in tsco as waiting for sp like this - i am in now!!!! lol what a bargain

yeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

way way over sold - expecting good recovery here - the chatter in the city for sometime has been almost to ignore uk sales but look at tsco overseas performance and they have done v well:

In Asia, total sales grew by 8.1% (7.0% at actual exchange rates), (that was not as high as it could have been due to natural disasters so look fwd there!)

In Europe, total sales grew by 7.0% (2.0% at actual exchange rates). Like-for-like sales growth was pleasing and overall stronger

&

In the United States, Fresh & Easy continued its strong run of form, helped by a very successful Christmas and New Year period. Total sales grew by 41% and like-for-like sales growth also remained strong at 19.3%,


= kerrrrrrrrrrrrrrrrrchinnnnnnnnnnnnnnnnnnnnggggggggggggggggggggggggggggg

296p target

we could see 250p

doubt it

stop losses being triggered currently

cheers skinny - coming back a bit now - blasted stop losses - all mainly small sells!! no ii selling and dont forget the divi folks - tsco always comes back

missed bottom here but hey ho not by much :-)))

its a buy for me :-))))))))))))))))0

What The Brokers Say
Strong Buy 15
Buy 6 Neutral 7
Sell 1
Strong Sell 4 Total 33

lol