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 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!!

In market cap terms ; this drop exceeds by miles the drop in earnings.....and I bet they make it back somehow....

As per post #195, sp dropped sharply, then dropped again, so not a done deal yet, imo.

we'll see but rf 210 is correct along with other data available

got mine at 332.0679 so wait and see now as this is grossly overdone imho

robin i can not see you regretting that - i like my northerly trends and at the moment tsco is on an upward incline :-)))

4.5 hrs left :-)))) till bogof ends today!

In at 330 now looking a good deal. Buys and sells much more even now on the order book ;-)

splat well done - 335 just smashed - onwards and upwards :-))) personally be disappointed if we are not anywhere between 345 - 365 at least cob

difficult to analyse accurately right now - so many trades!!!

Unfortunately, Worral was a bit like a squirrel,..or in the words of Janet Street Porter or Jonathan Ross : wooral was like a squorral...oh dear...euh..sorry........to be fair to him, it might be an illness of some kind....he is one of the best chefs in Britain !......a bit unlucky with the downturn.....

he's a crap chef and his pubs are awful ..... nevertheless, i have much sympathy for him as seemingly do most of the locals ...... stress does strange things to people and makes them act in odd ways ...... nevertheless, stress is not an excuse per se

post 217 .
i bet you never break the law .
it is in bad taste

not really - it's quite a clever play on words and pretty gentle

meanwhile, if like me you reckon sbry is a totally crap outfit (they've just opened in marlow, and it's truly awful and ignored by most of the locals), does one but tsco or mrw?

There is a big difference being a talented chef (he is in my view) and a businessman....mixing these two attributes is mighty difficult !.

Our ability to laugh at adversity is what makes us British.

cynners, our local SBRY is great. Lots of choice, much more friendly than TSCO, excellent fishmonger, terrific deals on wines, and nice to see them employing older people on the tills - they actually seem to give a f***!! :-)