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Tesco (TSCO)

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idpickering
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Re: Tesco (TSCO)

#422231

Postby idpickering » June 25th, 2021, 12:10 pm

Result of AGM

Tesco PLC held its Annual General Meeting on Friday 25 June 2021 at 09:30 a.m. All resolutions proposed were passed by shareholders. A poll was held on each of the resolutions proposed. The results of the polls are as follows:


https://www.investegate.co.uk/tesco-plc ... 00011575D/

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Re: Tesco (TSCO)

#424922

Postby CautiousPaul » July 5th, 2021, 11:25 am

Did all tesco shareholders here get their divis on Friday? I held these earlier in the year but sold on 1st June after the ex-divi date (20th May) but haven't received anything from Barclays yet. Previously, they have paid up on the divi payment date.

TIA

idpickering
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Re: Tesco (TSCO)

#424937

Postby idpickering » July 5th, 2021, 12:22 pm

CautiousPaul wrote:Did all tesco shareholders here get their divis on Friday? I held these earlier in the year but sold on 1st June after the ex-divi date (20th May) but haven't received anything from Barclays yet. Previously, they have paid up on the divi payment date.

TIA


My account, an ISA, is held with Halifax, and the dividend appeared in my account last Friday. I was pleasantly surprised as H have form for paying out a few days late.

Ian.

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Re: Tesco (TSCO)

#424938

Postby daveh » July 5th, 2021, 12:24 pm

CautiousPaul wrote:Did all tesco shareholders here get their divis on Friday? I held these earlier in the year but sold on 1st June after the ex-divi date (20th May) but haven't received anything from Barclays yet. Previously, they have paid up on the divi payment date.

TIA


Can't speak for anyone else, but HSDL paid up on Friday for Tesco (still waiting for VWRL and IAPD from last Wednesday though).

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Re: Tesco (TSCO)

#424943

Postby AleisterCrowley » July 5th, 2021, 12:35 pm

Yes, I'm still waiting for VWRL to arrive in my HSDL ISA. VUKE arrived today (due 30 June...)
Tesco arrived on Friday, bang on time

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Re: Tesco (TSCO)

#424981

Postby gnawsome » July 5th, 2021, 3:19 pm

CautiousPaul wrote:Did all tesco shareholders here get their divis on Friday?

TIA



Not on Friday -- today.
Also received delayed payments from,
SEDY
IUKD
the both being I shares ETF's

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Re: Tesco (TSCO)

#425023

Postby CautiousPaul » July 5th, 2021, 5:20 pm

Barclays have deposited the divi this afternoon.

Thanks for the replies.

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Re: Tesco (TSCO)

#425231

Postby ayshfm1 » July 6th, 2021, 1:16 pm

VWRL paid into HDSL today. Tesco divi was on time.

idpickering
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Re: Tesco (TSCO)

#430524

Postby idpickering » July 26th, 2021, 4:10 pm

Tesco Bank to close all its current accounts



Tesco Bank has said it will close all of its current accounts because most customers are no longer using them.

The bank has estimated only 12% of its current accounts are being used by customers as their primary account.

It said most had "limited activity" and others were being used for "other purposes, such as a savings pot".

The decision comes after the bank reported a £175m loss in April, compared with a £193m profit in the previous 12 months.


https://www.bbc.co.uk/news/business-57973960

idpickering
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Re: Tesco (TSCO)

#448204

Postby idpickering » October 6th, 2021, 7:10 am


Dod101
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Re: Tesco (TSCO)

#448215

Postby Dod101 » October 6th, 2021, 8:29 am

idpickering wrote:Interim Results 2021/22

https://www.investegate.co.uk/tesco-plc ... 00081267O/


Another share buyback programme! Getting quite popular.

Dod

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Re: Tesco (TSCO)

#450915

Postby idpickering » October 18th, 2021, 7:08 am

Commencement of Share Buyback Programme

Further to the announcement made on 6 October 2021, Tesco plc (the "Company") announces that it has entered into an arrangement with Citigroup Global Markets Limited ("Citi") to repurchase shares on behalf of the Company.

The arrangement allows Citi to repurchase shares, together with any other ordinary shares in the Company (the "Shares") purchased on the Company's behalf, in accordance with the Company's current buyback authority granted by shareholders at the Company's 2021 Annual General Meeting.

These share purchases will be made on the Company's behalf and in accordance with the arrangement and, in the case of any purchases made during closed periods, shall be made independently of and uninfluenced by the Company.

Any share purchases effected pursuant to the arrangement will be subject to the terms of the arrangement with Citi and in any case will be effected in a manner consistent with both the general authority vested in the Company to repurchase shares, the Market Abuse Regulation 596/2014 as it forms part of UK domestic law and Chapter 12 of the United Kingdom Listing Rules, which require that the maximum price paid be limited to be no more than the higher of (i) 105 per cent of the average middle market closing price of the Company's ordinary shares for the five business days before the purchase is made, and (ii) the higher of the price of the last independent trade and the highest current independent bid on the trading venue where the purchase is carried out. The aggregate purchase price under this arrangement, together with any other Shares purchased on the Company's behalf pursuant to its buyback programme, will not exceed £500 million. The shares will be bought back during the period commencing the date hereof and by no later than October 2022.

The sole purpose of these share purchases is to reduce the Company's share capital.


https://www.investegate.co.uk/tesco-plc ... 00052860P/

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Re: Tesco (TSCO)

#472621

Postby idpickering » January 13th, 2022, 7:06 am

Q3 and Christmas Trading Statement 2021/22

UK: Continuing strong momentum - further growth on top of exceptional performance last year
●Highest share in 4 years; growing share both in stores & online; 22 consecutive periods’ switching gains3
●Brand index up 177bps4 driven by market-leading improvements in value perception (+199bps4) and quality perception (+149bps4)
●Strong large store and convenience performance; online sales remain significantly ahead of pre-COVID levels (19wk 2-yr LFL +58.7%) with c.1.2m orders per week; highest online share since pandemic began
●Over 95% promotional sales now on Clubcard Prices; 8.5m customers now accessing Clubcard via app
●Tesco Whoosh superfast home delivery service now in >100 stores; Bradford UFC opening next week.
ROI: Sales up strongly on two-year basis; one-year growth on top of exceptional Christmas last year
●Highest share growth in market over Christmas period5 including strong online performance
●Announced intention to acquire ten Joyce’s Supermarkets in Galway6

Booker: Both Retail & Catering sales well ahead of pre-COVID levels (19wk 2-yr LFL Retail: +19.5%, Catering: +8.8%)
●Retail sales supported by strong availability; Premier, Londis & Budgens performing particularly well
●Strong Catering growth for 19wk period on both 1-yr and 2-yr basis despite Omicron impact


https://www.tescoplc.com/news/2022/q3-a ... nt-202122/

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Re: Tesco (TSCO)

#472965

Postby idpickering » January 14th, 2022, 7:08 am

Transaction in Own Shares

Tesco PLC (the "Company") announces that on 13 January 2022 it has purchased, in accordance with the authority granted by shareholders at the 2021 Annual General Meeting of the Company, the following number of ordinary shares of 6 1/3 pence pursuant to its up to 500 million share buyback programme, the details of which were announced on 18 October 2021.

The purchased shares will be cancelled.


https://www.investegate.co.uk/tesco-plc ... 00024174Y/

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Re: Tesco (TSCO)

#473031

Postby daveh » January 14th, 2022, 11:26 am

Tesco are delisting from Euronext Dublin:

https://www.investegate.co.uk/tesco-plc ... 01204005Y/

On 13 January 2022, Tesco PLC made an application to Euronext Dublin for the delisting of its ordinary shares of 6 1/3 pence each from Euronext Dublin. The delisting will simplify regulatory compliance obligations of Tesco PLC.



Is this due to Brexit changing compliance issues if they remained listed in Europe?

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Re: Tesco (TSCO)

#479968

Postby idpickering » February 11th, 2022, 8:53 am

Tesco confirms De-Listing of Ordinary Shares from Euronext Dublin

Further to the announcement made on 13 January 2022, Tesco PLC (the 'Company') confirms that the listing of the Company's ordinary shares of 6 1/3 pence each on Euronext Dublin has been cancelled with effect from 8.00am today, 11 February 2022. The delisting does not affect the Company's premium listing on the London Stock Exchange and the Company's ordinary shares remain admitted to trading on the London Stock Exchange's Main Market. The delisting will have no impact on Tesco PLC's day-to-day business operations in Ireland.

With immediate effect and in respect of Tesco PLC ordinary shares, Ireland is no longer considered to be the Company's EU Home Member State for purposes of the EU Transparency Directive (Directive 2004/109/EC, as amended).


https://www.investegate.co.uk/tesco-plc ... 24064252B/

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Re: Tesco (TSCO)

#493897

Postby idpickering » April 13th, 2022, 7:05 am

Preliminary results 2021/22

Strong sales and profit performance leading to retail free cash flow ahead of expectations:
Strong sales throughout the year; Retail 1-yr LFL8 sales growth includes UK market outperformance and sharp recovery in Booker; 2-yr LFL reflects strong performance throughout the pandemic across all businesses:

UK ROI Booker UK&ROI C.Europe Retail
1-yr LFL sales 0.4% (2.9)% 15.3% 2.2% 2.9% 2.3%
2-yr LFL sales 8.2% 10.6% 11.9% 8.8% 2.5% 8.3%

Total retail adjusted operating profit5 £2,649m, +35.8% at constant rates
UK & ROI adjusted operating profit £2,481m, +35.4% due to higher sales and lower COVID-19 costs
C. Europe adjusted operating profit £168m, +41.1% due to lower COVID-19 costs & higher YoY mall income
Bank adjusted operating profit £176m, returning to profit following last year’s increase in potential bad debt provision
Statutory revenue £61.3bn, +6.0% and statutory operating profit £2,560m, +65.5%; driven by strong sales, reduced COVID-19 costs and a return to profitability in Tesco Bank
Retail free cashflow6 £2,277m, +69.9% from higher profit, lower pension contribution9 & higher working capital inflow
Net debt2,6 reduced by +£1.4bn since last year driven by strong cash flow; net debt ratio down to 2.5x
Adjusted diluted EPS5,7 21.86p, +88.8%; statutory diluted EPS 19.64p, +252.0%; reflecting higher profits
Proposed final dividend of 7.70pps to take full year dividend to 10.90pps – up +19.1% YoY

The proposed final dividend was approved by the Board of Directors on 12 April 2022 and is subject to the approval of shareholders at the AGM.
The proposed dividend has not been included as a liability as at 26 February 2022, in accordance with IAS 10 ‘Events after the reporting period’. It
will be paid on 24 June 2022 to shareholders who are on the Register of members at close of business on 20 May 2022.
A dividend reinvestment plan (DRIP) is available to shareholders who would prefer to invest their dividends in the shares of the Company. For
those shareholders electing to receive the DRIP, the last date for receipt of a new election is 7 June 2022.
The Group has a share forfeiture programme following the completion of a tracing and notification exercise to any shareholders who have not
had contact with Tesco PLC over the past 12 years, in accordance with the provisions set out in the Company’s Articles of Association. £nil (2021:
£nil) of unclaimed dividends in relation to these shares have been adjusted for in retained earnings. Refer to Note 21 for further details.


https://www.tescoplc.com/news/2022/prel ... ts-202122/

Full results announcement here; https://www.tescoplc.com/media/758523/t ... s-2122.pdf

Ian.

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Re: Tesco (TSCO)

#493914

Postby idpickering » April 13th, 2022, 8:25 am

TSCO are down 4% as I type, which tbh is a surprise to me, as I thought the results were good. Assuming that's the cause of today's sp weakness of course. The mention of lower profits in the future might not help I guess? I hold TSCO, and am happy to continue doing so.

Having said this, I see SBRY are down too.

Ian.

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Re: Tesco (TSCO)

#493920

Postby dealtn » April 13th, 2022, 8:45 am

idpickering wrote:TSCO are down 4% as I type, which tbh is a surprise to me, as I thought the results were good. Assuming that's the cause of today's sp weakness of course. The mention of lower profits in the future might not help I guess? I hold TSCO, and am happy to continue doing so.

Having said this, I see SBRY are down too.

Ian.


Results are rarely the reason for SP movements. By definition they are backward looking and share prices are determined by expectations of the future. Absent any further information the future can be (approximately) extrapolated as a guide. However large companies like Tesco will constantly be guiding the markets on its expectations of at least the current and next year. It might be noted that current guidance is for the 22/23 year to produce lower profits than those announced here this morning. Especially in an inflationary world you would hope that profits grew at least in line with inflation such that real profits aren't in decline. That's not the message given out by Ken Murphy this morning.

I don't know what prior expectations were (since it is the change that matters to the share price), but I'm not sure as an investor the word "good" would be the first I would be choosing.

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Re: Tesco (TSCO)

#493921

Postby idpickering » April 13th, 2022, 8:51 am

dealtn wrote:
idpickering wrote:TSCO are down 4% as I type, which tbh is a surprise to me, as I thought the results were good. Assuming that's the cause of today's sp weakness of course. The mention of lower profits in the future might not help I guess? I hold TSCO, and am happy to continue doing so.

Having said this, I see SBRY are down too.

Ian.


Results are rarely the reason for SP movements. By definition they are backward looking and share prices are determined by expectations of the future. Absent any further information the future can be (approximately) extrapolated as a guide. However large companies like Tesco will constantly be guiding the markets on its expectations of at least the current and next year. It might be noted that current guidance is for the 22/23 year to produce lower profits than those announced here this morning. Especially in an inflationary world you would hope that profits grew at least in line with inflation such that real profits aren't in decline. That's not the message given out by Ken Murphy this morning.

I don't know what prior expectations were (since it is the change that matters to the share price), but I'm not sure as an investor the word "good" would be the first I would be choosing.


Thanks for your input. OK, maybe not "good", but not "bad" either imho, all things considered, such as inflation etc. I'd certainly not carry out sny knee-jerk reactions either way.

Ian.


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