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).

yep buffet was looking to get in lower - you can bet he is snapping up the sucker sells

personally looking fwd to when the poor sods who has their stop losses triggered realise they have been had and scramble to buy back in

no ii sell offs at all that i can see so far - why should they and tsco pays the all important divis for the pension funds and so forth :-)))

Major ShareholdersNotifier** Holding Value*
BlackRock Inc. 442,348,967 £1,438,518,841
Berkshire Hathaway Inc 242,153,373 £787,482,769

Sainsbury's "best ever Christmas" @ 2.1% like for like, TSCO 1.3% UK like for like. SP reaction makes little sense imho, especially given international growth was good, stunning even in USA where overseas forays usually end in tears e.g. M&S in 1990's

Tempting recovery play all, but has it "much" further to fall is my concern?

Diving knife syndrome...good company but 55p down with perhaps a bit more to come off.....

Low 280,s in 2008 worst case scenario.

Seems to be abit overdone IMO -

Followed you lot in.....by march should have recovered well....55p does seem overdone...might drop further but will rebound...

no way lol lol - this is way over done - i would only worry if i saw ii selling lol

wont stay this cheap too long - the bogof offer will be ending pretty soon imo!! lol

then back to reslistic sp as it should - and the good news we have just under 6 1/2 hours bogof time today - watch the lunchtime peeps trying to get back in and bargain hunters - and this afternoon as people realise tsco is going no further south the rush to get on board!! lol

Sold my KAH for good profit seeing as it's going to be sold for 243.55p and bought somemore of these.

good stuff baler - dont forget your club card points lol!!!

look at the volume - it is well known in the city when stops on a blue chip are taken out like this normally at least anywhere between 30 to around 52% are re-bought within a week or less :-))

the other thing is that many are buying to avg down here / others will buy and hold just for the divis over the years et cetera - its a no brainer :-))))

imo!

I like your no brainers gibby, keep um cumming.,.

I think he's brains from thunderbirds !.....

Will the Americans start selling when the NYSE opens? That is the question.

You mean Hiram K. Hackenbacker

Nicely balanced @ 330ish. I've popped in and out for a few points twice and now back in at 330.

If it goes back to 350p by mid march or before....I make £1200......

lol baler, rf... :-))

500 broker target today good enough for me - should filter through to others as the day goes on..... :-))))))))))))

Broker snap: Nomura keeps faith in TescoDate: Thursday 12 Jan 2012

Nomura maintains a 500p target price.

LONDON (ShareCast) - Despite cutting forecasts for Tesco after a disappointing Christmas, Nomura has maintained its buy rating on the supermarket giant.

The firm disappointed investors on Thursday after UK sales (excluding fuel but including Value Added Tax) in the six weeks to January 7th fell 1.3% on a like-for-like (LFL) basis versus the previous year. Tesco said its LFL sales performance was below its expectations. Shares dropped 14% in morning trade.

"Tesco traded through Christmas with a lower level of promotions, and against an increased level of competitor promotions and coupons, thus losing traction across the peak period," according to Nomura.

The broker cuts its full-year UK trading profit forecast by £95m, or 3%, resulting in an ex-property underlying full-year earnings per share (EPS) estimate of 33.5p, a 2% cut.

However, analysts remain optimistic: "Having underperformed UK grocery market LFLs in recent years, we believe the magnitude of investment underscores Tesco’s determination to reassert its authority in its core market."

"While we do not interpret this to mean leading LFLs, or perpetually increasing share, we believe Tesco will set out its stall to do what is necessary to sustain best-in-class operating metrics and returns, underpinned by LFL growth at a market rate or better," they said.

Nomura maintains a 500p target price.

rf it should pass 350 2day so well done!!