Results

The Tesco Recovery Play - and Why It Might Just Come Off

Published 10 days ago

Hello Share Grinders. As I write this, I’m aware that wise Shareprophets commentator Wildrides will be sharpening his pencil to disagree. And I am not at all sure about supermarkets myself - though I still have shares in the big three home-grown ones. Looking at Morrison (MRW), Sainsbury (SBRY) and Tesco (TSCO), I think the last named is the most likely to bring us the most money from our owning the shares.

Look At Our Great Wall of Shops to Benefit from the China Syndrome

Published 24 days ago

Hello Share Pingers. For the last few years I’ve poured scorn on investing in most retail chains. This is because of the encroachment of on-line shopping. But I’ve changed my mind. For one thing the big retailers have built up blistering on-line operations of their own. They are putting up a strong front of competition to long-time on-line specialists like ASOS (ASC).

Are the supermarkets hot to shop after their Xmas trading updates?

Published 42 days ago

After being outed by Tom Winnifrith as a non-adherent to the Star Wars doctrine, I turn my thoughts to matters in our galaxy (not far away)…and the bevy of trading updates from supermarkets this week.

Why Supermarkets May Not Be a Super Investment in 2017

Published 48 days ago

Hello Shares Casters. Though I’m bullish about UK shares generally, and while I hold quite few shares in Tesco (TSCO), Sainsbury (SBRY) and Morrison (MRW), I am worried about the ability of supermarkets to shine in Shareland in 2017. I suppose of all three stores, I’m most optimistic about Morrisons.

Tom Winnifrith Bearcast: Bring out the piano wire for the AIM awards tonight & are you boycotting marmite?

Published 133 days ago

I start with the bust up over marmite and other matters between Tesco (TSCO) and Unilever (ULVR). Naturally the democracy denying liberal establishment bastards at the BBC blame Brexit for sterling's slide and this - I explained here why this was wrong. I explain what this battle is really about. I then look at DiamondCorp (DCP), Iofina (IOF), Goldstone Resources (GRL) and Magnolia Petroleum (MAGP). I end with a look at the AIM awards. I get really angry at this point and when the anarcho capitalist revolution arrives the 2,500 crony capitalists spending £750,000 of YOUR cash tonight merit a meeting with piano wire. 

Tesco Shares Soar - But is the Joy Justified?

Published 140 days ago

Hello Share Twiddlers. Tesco (TSCO) published its first-half figures this week and the shares rocketed by 12%. That pleased me as I still hold a load of its stock - though I wish I could get round to dumping it. You see, I’m not sure that the leap in share price was justified. Yes, revenues were up, but pre-tax profit was down (including a £200m foreign exchange loss).

Morrison Profits Up - but I'm Still Wary of British Supermarkets

Published 160 days ago

Supermarket shares are to be treated cautiously in my view. I say that even though I am a long-term holder of Tesco (TSCO), Sainsbury (SBRY) and Morrisons (MRW). All are currently showing red in my portfolio.

Tesco three charged with Fraud by SFO - This gives a timescale for Rob Terry

Published 167 days ago

The Serious Fraud Office (SFO) has today charged three individuals, Carl Rogberg, 49, Christopher Bush, 50, and John Scouler, 48, with one count of Fraud by Abuse of Position, contrary to section 1 and 4 of the Fraud Act 2006 and one count of False Accounting contrary to s17 Theft Act 1968. These are the first charges brought against folks at Tesco (TSCO) for cooking its books. The timescale is fascinating for those interested in the fate of Rob Terry and the other Quenron fraudsters...

So you think blue chip shares are safe? Think again...

Published 209 days ago

So you think blue chip shares are safe? Hat tip to a Mr N Wray from London for the table below which proves that they are not.had you stuck £5,000 into all the stocks in the FTSE 100 10 years ago in 17 cases you would have lost money in absolute terms. The worst investment would be RBS (RBS) where your initial £5,000 would today be worth £191. Other household names such as Tesco (TSCO), Marks & Sparks (MKS) and Aviva (AV.)  were just dogs. As the table below shows even supposedly safe blue chips carry risk.

June edition of the UK Investor magazine: Should we stay or should we go? + 7 share tips

Published 221 days ago

The June edition of UK Investor Show magazine is now live featuring Sainsbury v Tesco, Brexit or in, Tom Winnifrith vs Darren Atwater, 4 buy share tips and 3 sells to 0p from Tom Winnifrith, Q&A with Alexander Mining and more. You can download your free copy below.

Tesco - Performance Perks Up, Sector Still Difficult

Published 241 days ago

My Tesco series continues as we take a quick look at the Q1 results issued on Thursday, and check the market share trends for signs of stabilisation.

Tesco – Simplifying its way to success

Published 243 days ago

In all the excitement over the European referendum, Tesco has continued to plug away on the recovery track and has possibly been overlooked. News flow has been steady and has positive.

Tesco – Back to Basics

Published 257 days ago

Friday saw confirmation from Tesco (TSCO) of two divestments which were anticipated to be in the works.  The first is a proposed sale for cash of £30 million, while the second is the intention to sell (price not yet given). The news signals continued efforts to manage the company’s debt pile and the scale of its ambitions. Let’s take a look.

Delve into the Big Box and You May Click and Collect a Winner

Published 340 days ago

Hello Share Pickers. You don’t need me to tell you that shopping habits are changing. Yes, the days of going shopping are still with us. The great British public regard it as its number one hobby.

Here's a Possible Tonic for your Portfolio - A Firm Firing Fizz into the Market.

Published 350 days ago

Hello Share Pickers. Whenever I consider tonic water, I always think of, well, you know who. But they're not the only people to make this vital addition to a small gin.

Set Store by This High Street Heir to the Wonder of Woolies

Published 357 days ago

Hello Share Pluckers. I really miss the Woolworths store in my high street. And though it put up the shutters quite a few years back now, I’ve noticed that a lot of Woolworths products still enhance my home.

A Few More Reasons to Give a Second Chance to Morrisons.

Published 437 days ago

Hello Share Squirters. About six years ago I bought some shares in Morrisons (MRW). And I immediately regretted it. And that was before all the hoo-ha about Lidl and Aldi taking the customers of the big British supermarkets.

Ticker, Ticker Timing. How to Trade at the Right Time of Day.

Published 476 days ago

Hello Share Spicers. There is no more important consideration in the grand old art of wheeling and dealing shares than the concept of correct timing. But it’s nigh impossible to pull it off perfectly. I cannot remember one occasion, among the many deals I do per week, that I have ever managed to buy at the very bottom or sell at the pinnacle of share value.

Out now - October UK Investor Magazine - 4 buy tips, 3 sells, George Osborne chases the dragon and more

Published 497 days ago

A slightly delayed October edition of UK Investor magazine is now live featuring 4 buy share tips, 3 sells (from TW), company profiles on Universe and Northcote, Amanda van Dyke on why now is the time to buy mining stocks or is Tesco a better recovery play? Darren Winters takes over the normal Rob Terry slot while George Osborne Chases the Dragon as our cover story. You can download your free copy below

Why Not Join the Tesco Recovery Bandwagon?

Published 499 days ago

Hello Share Shunters. Well, I’m having a terrible week. My new bed from Tesco (TSCO) arrived with a vital part missing. Then the Internet connection to my new home in York failed to work. And then...oh, never mind let’s look at Tesco.

Tesco: the super tanker starts to turn

Published 505 days ago

Which of the following do you believe is more important as a guide to Tesco’s (TSCO) corporate well-being?

Discount store spending confessional…but avoid Poundland shares

Published 517 days ago

Dear readers…time for another confession.  I may have over the last few months enjoyed shopping at my local 99p Store snaffling a bargain or ten (£9.91 worth!) of relatively near-date cereal, biscuits and chocolate not to mention various household goods. 

Trouble in Old China, Yes - But What Has that to Do with Barnsley?

Published 546 days ago

I want to draw your attention to the absurd affect that the trouble in China is having on British shares. One of the biggest fallers has been ITV (ITV). This company makes it money by advertising British companies, like Tesco (TSCO), Sainsbury (SBRY), WM Morrison (WMR) and loads of other very familiar products in the UK.

Quindell; FCA decision to drop investigation gives birth to surprising hope

Published 555 days ago

This morning, the FCA announced it had discontinued its investigation into Quindell (QPP) with “immediate effect”. Quindell’s shares have rallied slightly on the news to settle at 97p, last seen, but how significant is this move for the company’s embattled shareholders?

The Footsie Versus Penny Shares? - Sit on the Fence.

Published 569 days ago

Hello Share Sloggers. There’s a lot to be said gang for only investing in Footsie giants. Or at least companies which are big, rock solid and constant cash earners.

Druid Getafix, aka Malcolm Stacey, must have over-imbibed at the Punter’s Return – ref Tesco

Published 605 days ago

This morning my money tree worshipping comrade, the druid Getafix, aka Comrade Malcolm Stacey has written comments (HERE) about Tesco which are so completely insane that I have to respond. Quite simply, I can only assume that Malcolm took too much magic potion last night as he appears to be off with the fairies. Malcolm writes about Tesco:

Pay Your Store Workers a Bit More, Tesco. Every Little Helps.

Published 605 days ago

Hello Share Twiddlers. I hold shares in Tesco (TSCO). I have written before on this lip-smacking site in anticipation of a big recovery after disastrous figures. But now I am not so sure.

Tesco – every little improvement helps (and hello 225p again)

Published 606 days ago

Well hello again a 225p Tesco (TSCO) share price.  Friday’s trading update still has plenty of grim headline news contained within it (-1.3% UK like-for-like sales performance and a general food retail market that is ‘still challenging and volatility is likely to remain a feature of short-term performance’) but Tesco shares had a better day.  

Breaking Exclusive: Oh Dear – more bad news for Quindell, YLF class action ups the ante today

Published 609 days ago

Oh dear, poor old Quindell (QPP). Following news of the FCA investigation and additional internal checks on Rob Terry’s accounting fraud, I can reveal that those plan ing a class action have now appointed a top barrister as they prepare to lodge a claim. This is an additional threat to the special dividend this fraudulent company had promised. 

Zak Mir's Bear Call Of The Day: Tesco: Below 200 Day Moving Average Targets 140p Zone

Published 625 days ago

It is perhaps just as well that my remit at Shareprophets is largely focused on the technical side, as it can be said for Tesco’s (TSCO) fundamentals that despite Dave”Drastic” Lewis attempts to turn this situation around, it is difficult to see a happy ending here.

Marks Profits Sparkle, But Are They Still Worth a Punt?

Published 644 days ago

I got rid of my Marks and Spencer (MKS) shares a few years ago now. They were among my slowest moving stocks of all time.

Tesco: don’t look at your holding for three years or don’t bother

Published 673 days ago

It might be a heavy corporate earnings results day around the world but for tomorrow’s business pages the lead story is already obvious following the disclosure earlier by Tesco (TSCO) that it lost a cool £6.4 billion in the last full financial year. 

Why you can call Morrisons shares better than overpaid City analysts

Published 714 days ago

One of the biggest fallacies of this whole investment game is that a sensible individual investor cannot beat the professionals expensively employed in the City of London.  As – I guess – a previous member of this latter club let me tell you a little secret: you can…and even in the trading in the largest of large companies out there.  Believe me the debate on Tesco (TSCO) on this website was far better than in most ‘professional’ circles. 

Is Centrica the new Tesco’s?

Published 735 days ago

It is always worth taking a look when there is a big fall in a well-owned FTSE-100 stock.  Today’s performance dog is Centrica (CNA) which probably supplies many of you via its British Gas brand with gas and electricity and which has blamed a combination of energy price moves, the weather and utility market competition for a 30% fall in earnings per share in 2014…and most strikingly a 30% fall in the dividend it is going to pay. 

Tesco at 239p a buy?

Published 743 days ago

I note that I reviewed Tesco (TSCO) shares in January when they had sunk to 180p. It was a fairly full note and most of the argument it included still informs any appraisal of Tesco shares even if they have climbed 32% since then.  I took a long term positive view on the shares and see that the market has compressed that long term into a matter weeks.

Tom Winnifrith: Will you support ShareProphets Investigative campaigns against AIM Fraud?

Published 744 days ago

Last week we learned that the Bulletin Board jihadists had lied to Etihad airlines in order to persuade it not to advertise on this website. It joins Tesco, Waitrose, Hargreaves Lansdown and John Lewis in caving in to the free speech deniers. Speakers at UK Investor Show have also been pressured into pulling out by those who do not support a free press. We will not back down but ask for your support.

Hargreaves Lansdown jumps into bed with the free speech deniers & black balls ShareProphets

Published 749 days ago

You would have thought that a firm of stockbrokers would want to see a critical press exposing fraud on AIM so that its clients do not lose money. But it appears that Hargreaves Lansdown (HL.) has given into the Bulletin Board jihadists and has joined other companies such as Tesco in refusing to advertise here. The same folk who have sent me death threats, smeared me and the restaurant because of what I write (fraud exposes) are trying to get this website closed down.

The Bulletin Board Jihadists win another victory AGAINST free speech as Etihad Airlines blacklists ShareProphets

Published 752 days ago

Tesco, Waitrose, John Lewis and Now Etihad Airlines have all asked Google not to carry their ads on ShareProphets as a result of a campaign by Bulletin Board Jihadists who do not like what I have to say.

Pick Some Companies Which Don't Get What They Sell from the Ground.

Published 763 days ago

Hello Share Twisters. I opined a few weeks ago that the best course, given the disastrous fall of oil and mining companies, is to focus on firms which don't sell the black stuff or minerals.

Tesco at 200p after the Christmas trading statement - where next?

Published 776 days ago

I suggested here some time ago, that the Tesco (TSCO) dividend payout looked vulnerable, so news that the company will not be paying a final dividend is not surprising. Last year to February 28 2014, the company reported £2.8 billion of operating cash, most of which went in to capital expenditure (£2.88 billion) leaving the annual dividend cost uncovered by operating cash. So the decision to cancel the final dividend and reduce annual expenditure to an annual amount of £1 billion by next year looks logical and rational – and thus I would of thought, encouraging to markets and potential investors. 

Has Tesco Dave played a blinder?

Published 776 days ago

As Tesco (TSCO) shareholders celebrate the return of a share price that begins with a ‘2’ what should we think of the turnaround plan rolled out by the company’s newish CEO Dave Lewis?

Bearcast 8th January - free speech deniers Quindell and other matters

Published 777 days ago

Yesterday 12 journalists were murdered by those who deny free speech. Today on the LSE asylum others who do not believe in free speech are at work. They may not be murderers but they are no less despicable. I start with that matter and Quindell and move on to cover Kenmare, Global Energy Developments, Tern, Igas, Sainsbury and Tesco, Touchstone Gold and Northwest Investment Group.

Don't Rely on History – Move Back to the Future.

Published 778 days ago

Hello Share Streamers. While I am not totally dismissive of the chartists, I do have a few reservations about their ability to predict share success.

Supermarkets To Get Post Christmas Shake Up

Published 780 days ago

Christmas is over. On my weekly visit to supermarkets on Saturday both Morrisons (MRW) and Aldi were noticeably less busy. Morrisons in particular- about four weeks ago there were around double the number of shoppers in store. Huddersfield’s ‘nightlife’ was quieter on Saturday too, significantly. Some clubs didn’t even open.

The Quindell Christmas Carol… Part Two

Published 792 days ago

Yes it was all a dream, Rob Terry muttered to himself as he tried to banish thoughts of the ghostly apparition from his mind. He turned over to young Mrs Terry as if seeking confirmation. But she seemed still to be out with her girlfriends clubbing in Southampton. And she was not the only absentee from the marital bed.

A Quindell Christmas Carol …part one

Published 793 days ago

It was the night before Christmas and all was still at the Country Club, Rob Terry called home. The great man himself had decided to call it a day early and was lying (as is his wont) on his enormous four poster bed. Young Mrs Terry had said that she was going out with girlfriends To S.Daddy, a new nightclub in Southampton and so Rob’s only companions were his two faithful poodles Canakos and Cencord who lay snoring at the foot of his bed.

Let’s Have a Look at Sainsbury’s Strategy Part One

Published 793 days ago

Sainsbury’s (SBRY) is more upmarket than any of the other ‘Big Four’ supermarkets, Asda, Tesco (TSCO) and Morrisons (MRW). It leaves German upstarts Aldi and Lidl in the dust in terms of the range of products. And if you’re into ‘Fair Trade’ bananas... well it’s the place to go!

I’m Dreaming of a Right Christmas for Tesco.

Published 794 days ago

Hello Share Babes. I don't know what I would have done without Tesco (TSCO) this Christmas. Well, maybe that's a bit of an exaggeration. But it certainly beat most firms I've dealt with so far this Yuletide for super service.

The Supermarket Christmas Price War

Published 796 days ago

I shopped in Aldi today and it was packed! Arrived just after 8am and there were already plenty of people already shopping there. Probably there was a queue of people, waiting in the cold at the door before it opened. Arrived in Morrisons (MRW) a bit earlier, as it had extended its opening hours due to ‘Christmas’ which I’m convinced more and more is just a way to get people to spend more money, and there were relatively few people.

In the market bloodbath…filtering the larger caps (part 2)

Published 797 days ago

Whilst  part 1 was a romp through a few larger cap stories with cost cutting as a core theme, part 2 is a bit more edgy.  Looking at 2015 it seems to me that there are two themes that really make investors nervous.  The first is growth and the second is underperformance.

Watch Out for Sell-By Dates, Christmas and Nutty Behaviour.

Published 806 days ago

Hello Share Freaks. One of the jolly benefits of the Santa Rally is that it provides a bit of excitement when real corporate activity is in a down period.

Tesco – rounding off the annus horribilis

Published 807 days ago

I knew it was going to be bad news when I saw an unexpected Tesco (TSCO) trading update statement on the wires this morning.  This close to Christmas if you are a food retailer you keep your fingers crossed that the shoppers are going to eventually flood into your store unless – of course – the news was really, really different from guidance.  I guess the £1.4 billion trading profit indication qualifies on that behalf (I believe consensus UK trading profit guidance was nearer £1.8 billion).

Tom Winnifrith's BearCast - 9 December

Published 807 days ago

The last Bearcast from Greece. In this issue I cover Iomart, Coms, Tesco, ASOS, Concha, Fitbug and of course Quindell

Hate to Brag, But All My Recent Picks Are Rattling Up.

Published 811 days ago

Hello Share Shunters. I'm doing my Christmas cards. This is no quick task as I like to put news letters in each one. And none of these poxy Round Robins for everyone, either

Santa Claus is Coming to Town – and So Are Higher Share Prices (For These Companies).

Published 815 days ago

Hello Share Rockers. It's only 24 days to go now, gang. And we are now seeing, at last, the fabled Santa Rally. Will it keep on going? You bet it will. The Footsie will probably not slow down until the New Year, except for the odd mini correction for the sake of good taste.

Why I've Tempered my View on Tesco.

Published 818 days ago

Hello Share Shooters. When I said we might have another go at Tesco (TSCO) recently, there was a volley of opposition among the comments which followed. Hardly anybody agreed that it was worth giving the supermarket giant another chance.

Recent IPO smackdown: Zoopla vs AO World

Published 821 days ago

Who remembers back to the IPO frenzy of earlier this year?  A time when almost anything seemed possible and, if it was in a reasonable state of readiness, was floated by those oh-so-helpful investment banks. I was reminded of two names earlier today due to the publication of their results.  Zoopla (ZPLA) is the group behind a number of property websites whilst AO World (AO.) apparently is ‘on a mission to become a leading European online retailer of electrical products’ (as per its corporate website).  Both were floated earlier this year and both are nicely below their initial list price.

Let's Go Tesco Again.

Published 822 days ago

Hello Share Punchers: Let me go out on a controversial limb and suggest you look at 95-year-old Tesco (TSCO) once more.

Being an Investor and writing about shares

Published 827 days ago

I’m sorry it’s been a while that I’ve written. I have been doing lots of other things, mainly to get more money to invest in shares, but I still should have written more. I’ve been doing lots of ‘active research’ including travelling to shareholders meeting and more ‘in depth’ personal research into companies that I own, but that’s still no excuse. I’ve kind of had a bit of ‘writers block’ but there’s something interesting on my mind now which hopefully I can express.

The Christmas Share Charge May Be Late – But the Sleigh is Revving Up

Published 829 days ago

Hello Share Crunchers. Well, the Santa Rally – where shares pound ahead at Christmas time – has trundled away to a rather slow start. In fact, when tradition dictated that stocks would gallop ahead around Guy Fawkes night, the Footsie decided to be a damp squib.

As the Toffs Get Richer - So do Share Shifters Like Us

Published 834 days ago

Hello Share Folk. Did you see the blockbuster programme on the telly this week that showed the wealthy getting richer and the poor not so?

Sainsbury’s Opens Netto in the North Of England

Published 840 days ago

The share price of Sainsbury’s (SBRY) has shot up today. The stock has risen 6.4% to reach 263.2p. It’s a personal relief to me- my first article on this site was on Sainsbury’s and I have invested quite a bit of money in the shares. It’s interesting to note that despite this rise the PE is still 6.56 and the yield is 6.56% too. The share is trading at around or even below its net asset value.

Niche to See You, to See You Niche.

Published 852 days ago

Hello Share Rattlers. Look around for nice niche companies. What are they? The clue is in the word. A niche is a small inset into a wall. The sort of place where you might put a suit of armour in a castle hall.

Tesco at 171p: Does the new CEO have the mission statement attributes of a William Blake?

Published 853 days ago

The Tesco (TSCO interim results have proved to be such a large dog’s breakfast of awfulness, that it is hard to know where to begin in attempting to describe and understand the situation. 

Tesco – no improvement forever = today’s share price

Published 854 days ago

When you make a mistake the right thing to do is either fall on your sword and/or beg for forgiveness.  Of course you can try and brazen it out too but I am glad that the Tesco  (TSCO) Chairman has maintained a shred of dignity by expressing ‘profound regret’ at the accounting debacle that has enveloped the UK food business of the FTSE 100’s most struggling retailer.  Clearing the senior executive and non-executive deck clear looks a radical move but it is the only way to move on.  

Moody’s Predicts ‘Big Four’ supermarkets Will Continue to Lose Market Share

Published 857 days ago

Moody’s, the famous credit rating agency, predicts that Asda, Tesco (TSCO), Morrisons (MRW) and Sainsbury’s (SBRY) will continue to lose market share to the discounters Aldi and Lidl. The discounters’ share of the market currently stands at 8.3% and could reach 10% in a couple of years. Moody’s is basically predicting that the British market will become more like the European grocery sector, where margins are around 3 to 4% instead of the 5% that they used to be in Britain.

How to Make Money on a Cool Yule

Published 857 days ago

Hello Share Shakers. Christmas comes earlier every year. My Tesco branch has been selling mince pieces for weeks now. Xmas cards have been in charity shops since August. Unforgivable!

Financial Video Postcard #55 - earnings visibility and shares to buy issue

Published 858 days ago

After four weeks of stockmarket falls is it time to buy shares? Yes and No. In his video postcard this week Tom Winnifrith looks at earnings visibility, value investing, long term investing, Tesco (TSCO) and stocks to avoid. The Q word is not mentioned once!

Maybe its Time to Dump Minnows and Choose Whales.

Published 862 days ago

Hello Share Kickers. Aim gets a lot of stick on this sumptuous website and often rightly so. When you relax the rules and don't insist on the higher standards of the higher market that is what's going to happen.

Morrisons begins Fighting Back with Match and More

Published 865 days ago

For quite a while, I believe that Morrisons (MRW) has lagged behind the competition in the supermarket sector. It’s been years behind Asda, Sainsbury’s (SBRY) and Tesco (TSCO) in terms of online shopping.

Why I’m a Tesco Kid.

Published 867 days ago

Hello Share Casters. Tesco (TSCO) shares are under a cloud at the mo having toppled miserably on some questions about their figures. Even before that, the shares had fallen a long way, due to some not very successful operations abroad and a nasty supermarket price war here.

Could Compass drop the pilot and lose its bearings?

Published 870 days ago

There was a reference somewhere to good news about Compass (CPG) the international food and hospitality services company. But search as a might, like a French hog nosing out truffles I could not locate the good news. 

What should you do in the "new mediocre" - PICK STOCKS!

Published 872 days ago

I should have thought of the phrase myself but Christine Lagarde’s observation that the clear risk for the global economy is of an extended ‘new mediocre’ era fits with many of my observations about the world. Investment life, however, is not about extended pessimism and the most important observation has to be that it will mean individual investment opportunities – namely stock picking – become more important. Starting with the UK:

The Level & Type of Share Buybacks I see make me very worried

Published 873 days ago

In certain circumstances share buybacks make sense. Where a company has surplus capital and cannot think of a way of earning an economic return on that capital it is absolutely right that it is returned to shareholders via buybacks. I prefer them to special dividends because one can elect to sell less or no stock or to stay on board with a bigger percentage of the equity. It is down to the individual investor. And it is right that surplus capital should be returned to the company’s owners (shareholders) not simply be hoarded by management.

Quindell – No Nuclear Hand Grenade, but there is the TMC nuclear land-mine and more, it is when not if Quenron blows up…

Published 876 days ago

I am afraid that my lead hit a dead end so there is no nuclear hand grenade for Quindell (QPP). Yet. However ….

Practical Tips you can take From One Up on Wall Street Part Four

Published 878 days ago

Peter Lynch makes an obvious but interesting point about the PE ratio of shares in his classic One Up on Wall Street. “If you buy back shares in a company selling at two times earnings (a p/e of 2), you will earn back your initial investment in two years, but in a company selling at 40 times earnings (a p/e of 40) it would take forty years to accomplish the same thing. Cher might be a great-grandmother by then. With all the low p/e opportunities around, why would anybody buy a stock with a high p/e?”

ShareProphets Reader Poll – Tesco – how much of a dog’s dinner?

Published 878 days ago

It is always the way with corporate scandals, the bad news just keeps bon coming. And so the weekend press makes dire reading for Tesco (TSCO). Prior year accounts may be restated, the Serious Fraud Office is bound to be involved and the useless non-exec chairman looks a worse bet to make it into the New Year than your average factory armed turkey. So what’s your take n Tesco shares. Do you think:

Sainsbury’s is not Tesco!

Published 881 days ago

So the share prices of both Tesco (TSCO) and Sainsbury’s (SBRY) have been massacred lately. There are genuine reasons for Tesco being destroyed, such as its reason to slash the dividend by 75% and its ‘overstating’ of profits by £250 million. You could call that latter point fraud.

The Bulletin Board Moron Nightmare Portfolio – Moths & Flames

Published 882 days ago

I am indebted to reader DiscoStu for pointing out data from the LSE website showing what other stocks are held by investors in some of the companies I am less than kind about. It is sort of a Bulletin Board Moron nightmare portfolio. Why are these fools so attracted to POS stocks?

Tesco & Quindell, accruals and dealing with dissenting analysts

Published 883 days ago

Both companies have engaged in aggressive accounting with regard to accruals. One has already been shown to have overstated profits, managers have been fired, the forensic accountants are in and the Serious Fraud Office is now said to be looking into the matter. The other is Quindell (QPP).

Gallumping Giants Can Be Just as Shaky.

Published 883 days ago

Just when I thought it was safe to get back into the Tesco  (TSCO) water, another big whammy hits the supermarket chain. The latest is, of course, a massive set-back.

The Advice of Others

Published 884 days ago

My father originally advised me that Sainsbury’s (SBRY) was a good buy at 315p. “In the long term they’re good value at this price.” I did my own research, saw that the PE was low and the yield attractive. I didn’t have any shares in the supermarket sector and never had, so it was good from a ‘diversity’ view I guess. I bought the share.

After Tesco who is next for a dodgy revenue recognition admission? Any suggestions?

Published 884 days ago

As any bull market gets out of hand the aggressive accounting practices start to emerge. Managers on bonuses do whatever they feel able to get away with to deliver the sales and profits needed to justify crazy ratings. Tesco has done the right thing in suspending managers, coming clean and calling in auditors for a full forensic. The question I poser to you is who is next?

Tesco at 203p: after news of overstated profits – a buy?

Published 884 days ago

News that Tesco (TSCO) had overstated its profits, prompting a near 12% collapse in the share price was good reason to caste the valuation measure over the shares at 203p. – last seen. I learnt from my A level English literature that the essence of tragedy – the real Greek kind – is to fall from a great height. That makes Tesco and its shares a real Greek tragedy! 

Buying Shares is an Important Long Term Decision

Published 885 days ago

So I’m looking at my Sainsbury’s shares now, feeling quite sad. They’re currently trading at 275.1p. I first bought my original batch at 315p. I think it’s important for share investors to be as honest about their losses as their gains.

Tesco – accounting, new brooms and embarrassment

Published 885 days ago

As I am currently on the east coast of the United States it was an especially early ‘silly o’clock’ awakening this morning.  It was not the greatest start to the week however with Tesco (TSCO) unveiling the latest in a line of difficult market updates.  Here’s the crux of what it had to say:

Your Shares and the Greatest Thinkers of All Time.

Published 895 days ago

Hello Share Pickers. Might I have your permission to be really heavy – and talk about some serious philosophical arguments which have a bearing on your shares.

Morrisons – reiteration now and a surprise to follow?

Published 896 days ago

It would be fair to say an interim results statement from Morrisons (MRW) that reiterated their profit range and debt reduction hopes for the current financial year was not a consensus view amongst the (to quote a Chancellor of the Exchequer of yesteryear) ‘teenage scribblers’ that populate the professional analytical ranks of the City’s investment firms.  Still, sentiment towards the company feels as low as it was when I first wrote on the stock a couple of months ago.  The shares are certainly still kicking around the 170s. 

Tesco – a buy after the profits warning?

Published 900 days ago

They say profits warnings come in Threes so is Tesco (TSCO) not a sell now? Chris Bailey reckons that it is a bargain basement buy and has made it the largest holding in his pension as you can see HERE. Clearly there are two points of view.

Things to Checkout when Visiting Supermarkets

Published 906 days ago

So supermarkets have been in the news a lot lately, with Tesco (TSCO) slashing its dividend by 75%. All of the supermarket shares took a battering on Friday, with worries that Tesco’s rivals could also cut their dividends. Just on an instinctive feel, I don’t think Sainsbury (SBRY) will cut its but I do feel it may be effected when Tesco start to cut prices- it will probably have to follow suit to an extent.

Why I made Tesco the largest holding in my pension fund this morning

Published 909 days ago

Last business day of the month.  Last day of a departing CEO’s corporate reign.  Last chance to ‘kitchen sink’ the corporate earnings guidance numbers in the UK’s largest food retailer? A share price back to the level of a decade ago and a 75% cut in the interim dividend does not make pretty headlines.

A Tale of Two Checkouts – And I Choose Morrisons

Published 909 days ago

Hello Share Swingers: Generally speaking, I hold no truck with silly supermarket shares. Firstly, they are boring. They go up a bit, the come down and then regain their old value. But they never seem to get anywhere.

Buy J Sainsbury at 302p

Published 917 days ago

Shares in J Sainsbury (SBRY) are currently trading on a PE of 9.6 and a yield of 5.8%. You can buy Sainsbury's as both a value play and a long term buy and hold share. This article examines the strengths of Sainsbury's brand as well as the value investment case.

Power to the People Giant Set to Energize Share Price.

Published 933 days ago

Hello Share Pickers: Aggreko (AGK) has been a great share for me. But that was a few years ago. When the share price started to decay after a long healthy bull run, I dumped 'em. There is no loyalty in this black heart. Your best share in the whole wide world should be dropped when things start to go wrong. And they nearly always do, eventually.

Tesco at 279p ‘cum’ a new finance director: a buy?

Published 957 days ago

The news that Alan Stewart was to depart Marks & Spencer (MKS) as it Finance Director saw the next day’s M&S share price increase a little. In the case of Tesco (TSCO) the price was down 1%.  Stewart has a tough job to do at Tesco but as one might imagine, logically - and from his new Tesco pay packet - that he is up to the job.

Marks and Spencer at 426p ‘ex’ a finance director. What does it mean?

Published 958 days ago

Two days ago I gave my opinion on Marks & Spencer (MKS) shares. Today its Finance Director announced that he is off to Tesco (TSCO). This is an understandable move for the man in question, Alan Stewart, and for Tesco where ‘every little helps’. Although, judging by Mr Stewart’s hefty salary increase to £750,000, plus a ‘golden hello’ worth a reported £1.73 million, his contribution is expected to be more than a little. 

Tesco: Seeing the light, where's the tunnel?

Published 962 days ago

Gary Carp returns with a superb analysis of Tesco's future. 

It wasn’t meant to be like this. When Philip Clarke took over as Tesco boss, no one anticipated the pace of structural shift in shopper behaviours that is destabilising retail. Tesco was the most convenient and ambitious UK retailer; it was and still is number one. So why does it feel so dire? The harsh reality is almost every reason underpinning Tesco's last twenty years of success has been turned upside down and inside out. It is hard to see any light at the end of Tesco's tunnel.

Sainsbury at 337p; still good value in a sea of competition

Published 987 days ago

Last month, I gave my reasons why I thought Sainsbury’s equity was attractive at the then share price of 340p. I described the company as “impressive fundamental value in a sea of intense competition”. In essence, that was based on an estimated prospective dividend yield of 4.8%, backed by a strong balance sheet net asset value of an estimated 317p a share. The share price continued a slide down to about 326p before bouncing; last seen, Sainsbury shares were back up to 337p almost back to where we came in about a month ago. 

Food Glorious Food Won't Help the Share Price Ref: Morrisons, Tesco and Sainsbury.

Published 992 days ago

Hello Share Persons. Stay away from supermarkets. I don't mean you should stop eating. But think long and hard before buying shares in them. 

Tesco: "Don't panic Captain Mainwaring!!"

Published 1407 days ago

Stock markets are bewildering places. The day after Tesco (TSCO) posted appalling results for the year to 23 February 2013, its share price goes up?

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