Mothercare – “refinancing, restructuring and reorganising… to ensure a sustainable future”. Is there?
Tom Winnifrith Bearcast: Why I think Malcolm Stacey is wrong on Bigdish & good riddance you mendacious old hag
Published 46 days ago
When I last wrote up a set of numbers from Tesco (TSCO), I concluded that '240/250p is a fairer price for Tesco today and I have seen nothing from its results or those from its sector peers to dissuade me from this'. The short view would be this remains fully on track and my core view on the shares remains positive. Today's edging up of the shares (as I write) deeper into the 230s pence zone reflects this and tells me still to be long of the stock...
Published 118 days ago
I noted earlier in the month that Tesco (TSCO) was 'no longer on the ropes and is flexing its muscles'. I think the Sunday press story - which I see the company did not deny but did not offer further comment on - concerning 15,000 job cuts (c. 3% of its workforce) as it reconsiders the future of some fresh food counters and bakeries, is very consistent with this...
Published 136 days ago
Another day, another bout of UK retail Christmas trading updates…
Published 170 days ago
Hello, Share Smoochers. A day or two ago, I mentioned three ships in my personal share bag which could come sailing in on Christmas day. Or before. Now let me pick three of my babies which are not my favourites in the hectic Yule run-up…
Published 234 days ago
Aside from a couple of brief comments on its new discount offering Jack's, the last time I wrote substantially on Tesco (TSCO) was six months ago - when I concluded that there was another leg in the share price to come, which duly resulted. But the wheels have come off the shares in the last couple of months. I still remain unconvinced by Jack's but in the wider scheme of things in the Tesco empire it is a rounding error. I think the real issue however is that Tesco is now no longer a recovery stock and - as we all know - it is easier to travel than arrive…
Published 248 days ago
So how does it all look for Tesco (TSCO) and ITV (ITV) the morning after the night before? Back on Sunday I highlighted my concern about some upcoming strategy updates from these two FTSE-100 names. So what did they say during their investor updates yesterday...and what am I thinking now?
Published 251 days ago
Sunday morning newspaper perusal highlighted two stories on names I loved up on these pages in months and years past. The first is ITV (ITV) which I have considered as a buy for a while now due to the combination of cheapish metrics and the value of its growing content business as detailed here.
Published 326 days ago
Time for a food retail update. I was slightly surprised by the purchasing hookup between Tesco (TSCO) and the French-listed behemoth Carrefour which was announced on Monday. You all know how loved-up i have been with Tesco over the last little while and - reciprocating my passion - the shares have popped above 240p big technical resistance level in recent weeks as I had hoped (and mused upon here ). Anyhow, Monday's announcement is no sector ball-breaker but rather part of a search for marginal gains.
Published 410 days ago
Well I called it. Back in January I told you that opportunity was better than the threats to the Tesco (TSCO) business model and I urged you to buy the stock, which is now trading at the 220p+ level I hoped for in my write-up.
Published 418 days ago
Hello, Share Cats. For many years I’ve held shares in the Morrison (MRW) supermarket empire. I am still about 10% down on my choice. I also hold Tesco (TSCO) and Sainsbury (SBRY), but I save my highest hopes for Morrison. In fact, my Tesco and Sainsbury shares should have been sold years ago.
Published 500 days ago
It was only yesterday on this site that I wrote: 'One of the hardest things for less experienced stock market participants to get their heads around is the expectations game. Numbers can be good (or bad) but if the teenage scribbler analyst, ‘professional’ fund managers and ‘the great unwashed’ in the form of other market participants broadly already think something, then confirmation of this event is not going to really change the share price needle. Of course as a consequence companies then start to try to become clever in managing expectations in order to 'beat' anticipated numbers...but that's for another time'. It is clear that Tesco (TSCO) either did not get the message or the animal spirits of those teenage scribbler analysts got the better of them…
Published 522 days ago
Tesco (TSCO) shares are little changed today and progress or not over the next few weeks will be highly dependent on the infamous Christmas trading update of early January. I have no great tactical insights on this but I am hopeful it will be part of the strategic improvement and opportunity in the stock I noted a couple of months or so ago HERE. Certainly the share has shown a bit of form recently and this has been driven by improving sales metrics, hopes for the generation of enhanced margin and cashflows, lower debt...and the potential from the Booker (BOK) takeover. It is the latter which is in the news today.
Published 597 days ago
Imagine the scene, if you will, on the trading desks of a professional investment house after Tesco (TSCO) just puckered up its interim results. Another quarter of like-for-like sales growth, free cash flow generation chivving down the debt burden, margin targets for later in the decade reiterated and - stone the crows! - the interim divvy is back. Fingers would be tapping away sending little messages to your favoured clients or internal portfolio managers. You can imagine what is written: “Tesco’s is back!”, one message might read. Another would undoubtedly exhort the reader to buy the stock.
Published 598 days ago
Hello, Share Crackers. It happens nine times out of ten. A company announces much bigger profits in its half term results - and the share price crumbles. But no need for alarm, as the price usually recovers to strike north again within a few days. An enticing buying opportunity then? Which bring me to today’s tip.
Published 684 days ago
Hello Share Peggers. The latest set of figures from Sainsbury (SBRY) show that sales in the last four months improved by 2.3%. Which is not too bad, considering the huge challenge from the competition these days.
Published 752 days ago
Hello Share Grapplers. It seems that two of the most popular shares being bought and sold by we great band of punters at the mo are Lloyds Group (LLOY) and Tesco (TSCO). I looked at Lloyds yesterday, reckoning it has the making of a good buy because of slow, if unspectacular, progress revealed in its last quarterly figures. I’ll turn to another well-traded share, Tesco, today.
Published 789 days ago
My father is being charmed and buttered up by the quacks at Warwick Hospital and I am off there shortly for a pre operation chat. Ahead of that I look at Tesco (TSCO) and its fines today - we really have got white collar crime all wrong in this country. Then I look at Genel (GENL), Tasty (TAST) which is really not very tasty at all, Advanced Oncotherapy (AVO) which is is utterly inedible and Sound Energy (SOU) where the issue is valuation. Surely the good news is in the price already?
Published 789 days ago
I found out all about ‘Deferred Prosecution Agreements’ (DPAs) today as supermarket behemoth Tesco (TSCO) said it would spend £235 million to sort out 2014’s accounting scandal…and will not be prosecuted, naturally…
Published 832 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.
Published 864 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.
Published 955 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.
Published 962 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).
Published 989 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...
Published 1031 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.
Published 1063 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.
Published 1065 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.
Published 1079 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.
Published 1179 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.
Published 1259 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.
Published 1298 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.
Published 1321 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.
Published 1327 days ago
Which of the following do you believe is more important as a guide to Tesco’s (TSCO) corporate well-being?
Published 1368 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.
Published 1377 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?
Published 1391 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.
Published 1447 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.
Published 1717 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.
Published 1730 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.
Published 1731 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.
Published 1754 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.
Published 1779 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.
Published 1779 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.
Published 1783 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.
Published 1809 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.