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Tesco (TSCO)     

dai oldenrich - 01 May 2007 16:26

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.

Chart.aspx?Provider=EODIntra&Code=tsco&S

Upper graph = 12 month share price with 6 month moving average
Lower graph = 12 month volume (red line = volume average).

dreamcatcher - 16 Jan 2012 21:40 - 357 of 1721

Chief operating officerFrom Wikipedia, the free encyclopediaJump to: navigation, search
A Chief Operating Officer (or Chief Operations Officer; COO) or Director of Operations (or Operations Director) can be one of the highest-ranking executives in an organization and comprises part of the "C-Suite". The COO is responsible for the daily operation of the company,[1] and routinely reports to the highest ranking executive, usually the Chief Executive Officer (CEO).[2] The COO may also carry the title of President which makes him or her the clear number-two in command at the firm, especially if the highest ranking executive is the Chairman and CEO. In some cases, the duties of COO may be carried out by a sub-C-Suite executive such as a Director of Operations, Operations Director, Vice-President of Operations, or Executive Director.

If he did not know the figures, he should be shown the exit.

gibby - 16 Jan 2012 21:44 - 358 of 1721

he would of known for sure impossible for him not to - if he didnt which i dont believe he must have had his had his head stuck up his backside - the guy knew simple and if he didnt what was he doing there - twiddling his thumbs?! hmmmmmmmmm - on second thoughts...................

dreamcatcher - 16 Jan 2012 21:47 - 359 of 1721

Agree gibby, hes like a rabbit been caught in the headlights. Off with his head. :-))

gibby - 16 Jan 2012 21:50 - 360 of 1721

correct :-))))

dreamcatcher - 16 Jan 2012 21:54 - 361 of 1721

'

Stan - 16 Jan 2012 22:10 - 362 of 1721

Alright DC, just this once then, anything for a quite life.. I have a very close family member who used to work with the board.

dreamcatcher - 16 Jan 2012 22:25 - 363 of 1721

Meant to put a board not the board, so pushed the edit button, thought thats what its for.

Balerboy - 17 Jan 2012 09:11 - 364 of 1721

creeping back up today, 317p

Nar1 - 17 Jan 2012 09:12 - 365 of 1721

slow but surely

dreamcatcher - 17 Jan 2012 12:47 - 366 of 1721

Brokers' round-up, downgrade for Tesco and Sainsbury
StockMarketWire.com
Berenberg downgrades Tesco from buy to hold, target price cut from 490p to 360p.

skinny - 17 Jan 2012 12:50 - 367 of 1721

Numis Securities upgrade TP 385p :-)

Chris Carson - 17 Jan 2012 13:35 - 368 of 1721

360.0 will do for me, could be a long wait though :O)

The Other Kevin - 17 Jan 2012 14:53 - 369 of 1721

But relish the thought of all those rising dividends, Chris

Nar1 - 17 Jan 2012 14:54 - 370 of 1721

380 be nice

gibby - 17 Jan 2012 18:08 - 371 of 1721

crikey look at tsco sp - maybe worral thompson took more cheese than we realise???!!!

might even break 320 here tomorrow!! :-))

Chris Carson - 17 Jan 2012 20:18 - 372 of 1721

gibby please don't say those magic words (not) "I wouldn't want to be out of these overnight" :O)

gibby - 17 Jan 2012 22:04 - 373 of 1721

well i wouldnt lol!!!

prodman - 18 Jan 2012 06:25 - 374 of 1721


Tesco PLC, once the darling of the U.K. retail sector and a regular on
analysts' "buy" lists, has prompted investors to reassess its stock and the
sector as a whole after issuing its first profit warning in 20 years last week.

Shares of listed rivals Wm. Morrison Supermarkets PLC and J Sainsbury PLC
tumbled in the wake of Tesco's poor holiday performance, even though the firms
reported far healthier Christmas sales updates themselves. The supposed
defensive qualities of Britain's food retail sector in a downturn have been
left in doubt.

Tesco's woes are particularly specific to its U.K. business, which commands
just over 30% of Britain's food retail market. For the six weeks ending Jan. 7,
Tesco reported a 2.3% drop in sales at U.K. stores open at least a year. The
company also said it expects no growth in profit for the year ending February
2013.

In the cut-throat environment of an economic downturn that has forced
shoppers to seek out better value, Tesco's competitors have made improvements
to quality, service and pricing, grabbing market share and posting sales
growth.

In response to prolonged sales underperformance compared with its peers and
the pronounced Christmas slump, Tesco has vowed to invest hundreds of millions
of pounds in a major revamp of its U.K. business. This will, in turn, hit the
company's margins and profits and invariably change the sector's dynamics,
forcing competitors to respond with their own investments.

Before Thursday's warning, 64% of analysts rated Tesco a "buy." By Monday,
this had dropped to 38%.

Most analysts that downgraded Tesco called for investors to hold the stock
rather than sell it, as the market awaits the outcome of Tesco's investment.

Credit Suisse believes the fallout across the food sector will depend on how
successful Tesco's revamp is and how much its actions disrupt competitors.

The declines in Sainsbury and Morrison shares -- both companies fell more
than 5% last Thursday and have yet to recover -- indicate that investors
believe the grocery market will be affected by the largest player making bold
moves to regain share.

Morrison, the smallest of the big four supermarkets by sales, has now
overtaken Tesco as analysts' favored stock in the food retail sector. (Asda
Supermarkets, owned by Wal-Mart Stores Inc., is the No. 2 player by sales,
ahead of No. 3 Sainsbury.)

Deutsche Bank analysts have upgraded Morrison to "buy" from "hold."
Jefferies, which continues to have a "buy" rating on Morrison, said Thursday
that it views Morrison shares as remarkably oversold on Tesco's news. Credit
Suisse, which stuck to its rating of "outperform" on Morrison, said Friday that
"even in a very tough market and with Tesco investing heavily, [Morrison] is
primarily a stand-alone self-help story."

Standard & Poor's equity analyst James Monroe has downgraded Tesco to "hold"
from "buy," commenting, "Whilst we still see significant international growth
opportunities for Tesco, we await conviction that the U.K. strategy can return
business growth."

Analysts believe the wait-and-see approach is justified because Tesco doesn't
intend to provide in-depth information about its turnaround plans until its
full-year results are announced in April.

Evolution Securities analyst Dave McCarthy says Tesco's investment in quality
and service, rather than intense price cutting, "may suggest it is targeting
Sainsbury rather than Morrisons or Asda Supermarkets."

Despite posting the most robust holiday sales of the listed U.K. grocers,
Sainsbury hasn't yet convinced analysts, with most recommending a "hold" on the
stock.

Shore Capital analyst Clive Black believes the defensive characteristics of
the U.K. supermarket sector have been called into question by Tesco's profit
warning. He recommends a "hold" on all three stocks.

"The cost of competing in U.K. food retailing is rising," he says, adding
that Tesco's stock price, and the sector, will be in the doldrums until the
results of Tesco's investment, and competitors' responses, become clear.

Joe Say - 18 Jan 2012 07:22 - 375 of 1721

omg - the blame for the decline of the high street bricks and mortar traders has been put at the door of the food retailers and now an anal-ist questions the defensive qualities of the sector.

unbelievable

cynic - 18 Jan 2012 07:45 - 376 of 1721

certainly out of town superstores do indeed have a significant negative impact on town centre trade ...... personally, i try to shop as much as possible at my small indie food shops, which often offer better quality and, surprisingly to some, better value/price than the supermarket
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