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).

Tesco slumps as Goldman’s bearish streak continues
Share
14:51 18 Apr 2017
The banking giant has lowered its estimates for the next few years and said free cash flow generation “remains the concern”

Tesco beat City estimates when it posted underlying profits of £1.2b8bn last week
Shares in Tesco PLC (LON:TSCO) were up for sale on Tuesday after the supermarket giant was on the end of another bearish note from Goldman Sachs.
Goldman analyst Rob Joyce highlighted the fall in UK like-for-like sales, which slipped to just 0.7% in the final three months of 2016 from almost 2% in the previous quarter.
Joyce also mentioned the pension deficit which spiralled to £5.5bn (2016: £2.6bn) due to the reduction in bond yields following last summer’s Brexit vote.

The analyst lowered his forecasts for the next three years on the back of lower incremental cost savings, higher interest charges due to property debt and higher tax guidance.
“However, the key concern for us remains free cash flow generation,” wrote Joyce in a note to clients.
“Even forecasting further working cap inflows and £100mln per annum to be generated from property value realisation, pension repayments, onerous leases and the SFO settlement mean we forecast average FCF for 2018-20 of £440mln.
“This implies a c.3% yield, unattractive versus the sector on 5.5% for calendar year 2018.”
Goldman is forecasting a pre-tax profit of £1.07bn for Tesco this year, on revenues of £56.7bn.
Joyce has the stock as a ‘sell’ with a 12-month target price of 150p.
Shares in Tesco were down 2.3% to 177p on Tuesday afternoon.

todays rns on more free hand outs to the failures running this company is totally out of order the directors have failed big time . the booker deal is very bad news

the remuneration committee should be investigated by the sfo

for the last 2 years we have had false recovery figures so the directors could get free hand outs .its time for action and sack them all they are no more than crooks

were are the facts on recovery to award millions in bonuses
they have given out no divs for 3 years but they have claimed recovery 3 times all false
and the sp confirms this

LR

You are quite right. Once again the business is being run for the directors and those others affiliated to the top.

Nice work if you can get it, eh?

Aldi are talking of opening a store per 30,000 heads. So you are talking 6-8 in Watford alone. Tell me how can Tesco survive this. I would not worry to much, in blunt terms they will not compete . I would not like to guess if they have a future. Aldi will be rolling out new stores soon at such a pace, Tesco and the likes will not know what hit them.

Tesco merger is a failure for holders . vote it out but it may not happen CMA to put
to tell Tesco to sell hundreds of stores making it worthless

Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.  Neither Tesco nor any of its affiliated companies undertakes any obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.

All the big name retailers seem to be gradually changing direction.

eg. Even M&S are talking about getting out of 'womens' fashions'. Hmmm?

Tesco merger is bad news cma will take the decision to make Tesco sell off loads of high street stores making the deal crap

dave lewis must be removed

SO TESCO ONE OF THE VERY SHARES OUT OF 250 DOWN TODAY AGM GAVE OUT NO GOOD INFO , CAN NOT BELIEVE D/L IS STILL THE CEO SOON WILL BE GOING INTO IS 4TH YEAR STOPPED THE DIV SO IT IS GOING TO BEANOTHER YEAR GONE BY WITH NO TALK OF DIV BUT MAY PAY OUT 1P IN JULY 2018

the only share down today , when are investors going to get good news

19 Jun
Bryan Garnier
170.00
Sell

19 Jun
HSBC
260.00
Buy

I think today's negative for this stock is the rumour that Amazon may possibly bid for Ocado, putting more pressure on margins within the fresh food sector.

Lidl, and Aldi are doing the damage. Amazon, hmmmm not sure . Needs to be a pretty polished outfit. Just take a look at the awards these stores are winning. Ordering food online, you do not see the quality/ size etc, before it is delivered . My view only, they are 5 years to late. You can whip round Aldi in 20 mins, no queues.

Laureenrose what good news are you looking for? I cannot see any, only going to get worse.

Broker Forecast - HSBC issues a broker note on Tesco PLC
BFN
HSBC today reaffirms its buy investment rating on Tesco PLC (LON:TSCO) and cut its price target to 225p (from 260p).

Director Deals - Tesco PLC (TSCO)
BFN
John Allan, Chairman, bought 20,000 shares in the company on the 19th June 2017 at a price of 171.03p. The Director now holds 253,951 shares representing 0.00% of the shares in issue.

Story provided by StockMarketWire.com
Director deals data provided by www.directorsholdings.com

Interim result Wed 4th. Wee punt long on the spreads 188.04 initial target 200p tight stop.

Macquarie Outperform 187.90 250.00 250.00 Reiterates

HSBC Buy 187.90 225.00 225.00 Reiterates

Credit Suisse Underperform 187.90 145.00 140.00 Reiterates

:-)) lol


2 Oct
Macquarie
250.00
Outperform