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).

Stop to entry for risk free trade.

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Pressure mounts on Tesco’s chief Philip Clarke to deliver the goods at Christmas

TESCO boss Philip Clarke has been warned by major shareholders that his job will be in the firing line if the firm fails to deliver over Christmas.

http://www.express.co.uk/finance/city/448796/Pressure-mounts-on-Tesco-s-chief-Philip-Clarke-to-deliver-the-goods-at-Christmas

Out the spreads (for now) @ 332.5 + 7.5 Merry Xmas

Property Sale and Leaseback Transaction

Tesco has today confirmed the successful completion of a sale and leaseback transaction in South Korea. Homeplus Co. Ltd, a wholly owned subsidiary of Tesco Plc, has concluded the transaction with Samsung SRA, a real estate fund manager focused on commercial real estate in Korea and overseas.

The deal comprises a portfolio of four Homeplus stores and accompanying mall space, with total gross proceeds in excess of £355 million.

Following the successful sale and leaseback of four Homeplus stores in August 2012, this announcement further demonstrates the underlying value of our operations in Korea and the attractiveness of our property and business to investors.

Deutsche Bank Buy 330.50 330.50 386.00 386.00 Retains

Trading statement thurs.,.

Christmas & New Year Trading Statement

· Further weakness in the UK grocery market contributed to a decline in UK like-for-like sales performance

· Continued investment for customers, reflecting our determination to provide the most compelling Christmas offer:
o Over £1bn taken in the five days before Christmas, including our biggest trading day
o Strong own-brand offer, outperforming branded products
o No.1 retailer in Grocer 33 Christmas basket challenge

· Increasingly multichannel Christmas for the retail sector, with Tesco playing a leading role:
o £450m UK online sales in just six weeks, up 14%
o Over 3 million online grocery orders, up 11% and 1.5 million online GM orders, up 25% Positive LFL sales growth in Express convenience store business
o Recently refreshed large stores also continuing to significantly outperform

· Improving performance in Europe, with recent political disruption in Thailand weighing on Asian performance

more...

Buffett will not be happy, can be further unwinding his position.

MRW the one to watch methinks!

What is your reasoning SK.? I think all of them are taking a beating from Aldi and Lidl. who have upped their game in recent years.

Pure perception - the MRW results look the worst - also they are nearer the Aldi/lidl end of the market, so likely to suffer more?

Cantor Fitzgerald Hold 317.68 328.30 - 353.00 Reiterates

It will be interesting to follow. Currently do not hold but used to like MRW rather than TSCO. Must admit I use MRW and Aldi myself!

MRW launch their online service tomorrow I believe.

Also SK...
What do you think would be an oversold position for TSCO in this market after the figures.
There is resistance at 310 from Oct 2012
and 297 from May 2012.

I think there would be a bounce from 300 if the price drops that far.

The online service should help MRW a bit. But they are so late with that offering!
And it is only in a few trial areas I think.

That sounds reasonable - I hold although I sold some recently in the 30s to add to SSE.

I may consider buying them back if they hit the 290-300 area.

Blue finish?

Deutsche Bank Buy 324.20 324.35 348.00 - Retains

JP Morgan Cazenove Underweight 324.20 324.35 315.00 285.00 Reiterates