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).

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

Barclays cuts price target to 340p; rating equal weight

Deutsche Bank Buy 331.20 331.20 348.00 348.00 Retains

Are you still thinking of buying around the 300p level skinny? Chart looking a bit grim, but your target probable, imo.

That's the plan atm Harry, although I'm slowly losing faith in them.

Main Securities Market Notice

The board of the Irish Stock Exchange approves the admission of the undermentioned securities to listing on the Official List and trading on the Main Securities Market of the ISE.

TESCO PLC

14,000,000 Ordinary Shares of GBP0.05


Main Securities Market Notice

ADMISSION NOTICE

The board of the Irish Stock Exchange approves the admission of the undermentioned securities to listing on the Official List and trading on the Main Securities Market of the ISE.

TESCO PLC

3,500,000 Ordinary Shares of GBP0.05

"Irish Stock Exchange"? I didn't know they had one did you Skinny?

Sounds like an oxymoron doesn't it, but :-



The Irish Stock Exchange is Ireland's only stock exchange, and has been in existence since 1793. It is an Irish private company limited by guarantee.

Thanks, And what about the Scottish and Welsh one's -):

I guess they look something like this :-

Triple bottom?

I hope so skinny!
Tesco has failed to deliver for the past few months but I am still holding although underwater right now.
TT