verylittlehelps

Very Little Helps => Stores => Topic started by: Fair play on 18-10-19, 03:48PM

Title: Re: Tosco Shares - Buy or Sell?
Post by: Fair play on 18-10-19, 03:48PM
Quote from: Ravvers
Saye option price is £2.19 - just wish I could do another one but Tesco made me redundant on the 28th :(

Me too I got kicked out in May but was so worth it 🤗
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Scruff on 07-10-20, 06:23PM
Any idea what's happening with the dividend shareholders were supposed to be receiving due to them selling the asian business off?

it was reportedly 50p a share but the sale hasn't gone through yet and the 2nd dividend of the year is next month i think?
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Fair play on 07-10-20, 07:12PM
I rang the helpline today . Will be paid 51p a share 22 November
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: notsofunny on 08-10-20, 03:14AM

Thats news to me , have the regulators given the go ahead in Thailand ? and if they told you that then why did they not say so when they announced the results ?
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Rad on 08-10-20, 09:32AM
Read on a neutral finance site that its 3.2 p per share on 27 november. 

https://www.dividendmax.com/united-kingdom/london-stock-exchange/food-and-drug-retailers/tesco/dividends
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Rad on 08-10-20, 09:36AM
The 51p one may be additional after the sale goes through I guess.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: grim up north on 08-10-20, 11:18AM
What would stop us all buying loads of shares on the 21st and selling them after the divi if it's all true? Is there some criteria to be met?
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: notsofunny on 08-10-20, 11:23AM

A cut off date is always in place and it has passed both for the normal divi and the special one, when and if it comes , You will normally find that the share price will drop a bit day after the cut off day ,
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: grim up north on 08-10-20, 11:43AM
Thanks for the info
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Rad on 20-10-20, 10:33AM
After the special dividend is getting paid (the asia sale) , the shares will be diluted or consolidated to fund the pension gap, so it looks like the shares are a very, very long term investment.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Rad on 20-10-20, 10:50AM
shares will be consolidated, not diluted. If you had 1000 shares , after the sale you'll have 750 for example.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: BlueToon on 21-10-20, 08:55PM
I don't understand that Rad.
Are you saying (to use your example) that my 1000 shares (@ £2-15) then become 750 shares (@£2-15) ???
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: lordadmiral on 21-10-20, 09:33PM
No, the price will rise respectively.  So if you had 1k shares worth £2,150.00 then you will have now 750 shares worth £2,150.00
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Rad on 22-10-20, 12:15PM
Shareview helpline said i'd need to speak to a financial adviser if I wanted to know what is likely to happen to the share price.  Around 20 years ago Tesco did something similar and increased the number of shares and the share price dropped accordingly.  Tesco will write to the shareholders ahead of the sale going through.

Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: barafear on 22-10-20, 03:21PM
where are people getting the info about the share consolidation?
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: notsofunny on 22-10-20, 10:21PM
Quote from: Rad on 20-10-20, 10:33AM
After the special dividend is getting paid (the asia sale) , the shares will be diluted or consolidated to fund the pension gap, so it looks like the shares are a very, very long term investment.

How did you work that out ? and which place did you read that from ? Since I have heard nothing to that effect ,
The money they get from the sale will be used to pay a special 51p divi  , and the rest will be used to fund the Pension gap this has already been said before , with no talk about Share Consolidation or split ,

Consolidation is when they buy up shares to reduce the number of shares issued , which means the single share value goes up ,since the total shares on the market will go down

share split would be when they make  1 share into 2  which means the single share value goes down , but the 2 shares together should still keep the same value

But in both cases the total share value should not fall ,

Normally Splits are done when the value of shares become so high that buying and selling them becomes to expensive

In both cases it does not mean that the value of your shares will go up or down ,

I just think making comments like you have with out any explanation or understanding is out of order ,

Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: alf on 22-10-20, 10:38PM
The links being funny, but if you google "tesco share consolidation" it should be the first result.

A paragraph from that link.

Quote. Return of proceeds to Shareholders


It is currently expected that the return of proceeds to Shareholders of c.£5.0 billion will be
implemented by way of special dividend. In order to maintain the comparability of the Tesco
Group’s share price and per-share metrics before and after the return of proceeds, the
Company also intends to undertake a share consolidation in conjunction with the return of
proceeds. It is expected that full details of the return of proceeds and share consolidation will
be made available to Shareholders shortly after Completion, at which time a separate general
meeting will be convened to seek Shareholder approval for the return of proceeds and
associated share consolidation.

Though in regards to the pension, a couple billion from the sale is earmarked for that, this share consolidation matter seems separate from that, as it involves the rest of the money from the sale.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Rad on 23-10-20, 09:38AM
Quote from: notsofunny on 22-10-20, 10:21PM
Quote from: Rad on 20-10-20, 10:33AM
After the special dividend is getting paid (the asia sale) , the shares will be diluted or consolidated to fund the pension gap, so it looks like the shares are a very, very long term investment.

How did you work that out ? and which place did you read that from ? Since I have heard nothing to that effect ,
The money they get from the sale will be used to pay a special 51p divi  , and the rest will be used to fund the Pension gap this has already been said before , with no talk about Share Consolidation or split ,

Consolidation is when they buy up shares to reduce the number of shares issued , which means the single share value goes up ,since the total shares on the market will go down

share split would be when they make  1 share into 2  which means the single share value goes down , but the 2 shares together should still keep the same value

But in both cases the total share value should not fall ,

Normally Splits are done when the value of shares become so high that buying and selling them becomes to expensive

In both cases it does not mean that the value of your shares will go up or down ,

I just think making comments like you have with out any explanation or understanding is out of order ,



I as much as anyone want the share price to be as high as possible.  There is information circulating online from Tesco explaining what the plan is and from retail financial advisers.  Sell the Asia business, pay a special dividend, fund the pension gap, consolidate the shares.

I've also seen retail analysts say that buying Tesco shares to hold onto for dividends rather than a sale from buying and selling is a good strategy.


It is my assumption that we'll get a good dividend but may need to wait a while for the share price to rise to a level where we'd want to sell given the effect of the global pandemic and brexit on the stock market.

That's why I said "it looks like"

I guess the truth will bear out.

Apologies if anyone feels misled. 



Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: notsofunny on 23-10-20, 04:27PM
So it's all Google talk ...
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Rad on 23-10-20, 08:07PM
Its on our own website. Search circular dated april 2020 tesco plc

So if you use google to search, yeah its google talk. 
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: notsofunny on 23-10-20, 10:28PM

Can you point me to the place it says ,,

After the special dividend is getting paid (the asia sale) , the shares will be diluted or consolidated to fund the pension gap, so it looks like the shares are a very, very long term investment.

Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Rad on 24-10-20, 01:05AM
Page 14 pension payment, page 26 onwards the risks to the business, page 8 consolidation as soon as possible after the completion of the sale.  If you don't think the dividend payment, the payment to the pension fund and the share consolidation are not linked then that's your opinion.  As they are all mentioned within the same circular I believe they are all linked.  I don't believe any of these events take place without the other.

I don't have the energy for any more posts on the subject.

Take it easy.


Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: notsofunny on 24-10-20, 06:23PM

Thanks  Rad  all I was looking for was a place it says ,

the shares will be diluted or consolidated to fund the pension gap,

But still cant see that ,

Never mind

Take care
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: grim up north on 28-11-20, 12:59PM
Quote from: Fair play on 07-10-20, 07:12PM
I rang the helpline today . Will be paid 51p a share 22 November

I thought this was bs when it was posted. What financial institution works on Sunday?
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: gomezz on 28-11-20, 02:12PM
All of them these days in this online connected world.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: NightAndDay on 28-11-20, 03:05PM
Was the 51p a share divendend payment made up or is it being paid after the sale of a business, I thought Tesco already sold off its asia business back in March?
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Wirey2020 on 28-11-20, 03:40PM
https://www.standard.co.uk/business/tesco-ken-murphy-dave-lewis-dividend-bank-a4558046.html
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: grim up north on 28-11-20, 08:17PM
Quote from: gomezz on 28-11-20, 02:12PM
All of them these days in this online connected world.

Ok gomezz, how has today's (sat 28/11/20) share price changed from yesterday since financial institutions are 24/7?
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: lordadmiral on 28-11-20, 08:47PM
Quote from: NightAndDay on 28-11-20, 03:05PM
Was the 51p a share dividend payment made up or is it being paid after the sale of a business, I thought Tesco already sold off its asia business back in March?

Last month sale been given green light.  We must wait for dividend, would be paid next year.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: notsofunny on 29-11-20, 01:55AM
You should have got your second dividend by today.  No idea when they will pay out the special, but would think it won't be before the new year.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: NightAndDay on 30-11-20, 05:20PM
Anyone have any ideas on when the sale will actually happen next year?
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Fair play on 30-11-20, 08:25PM
I did ring the helpline and they said Tesco aren’t revealing any information at the moment , just that a special dividend will be paid next year 🙈
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: notsofunny on 09-12-20, 10:23PM


https://uk.reuters.com/article/uk-tesco-asia/tescos-asia-deal-paves-way-for-5-billion-pound-shareholder-windfall-idUKKBN28J0PI

So the deal is done and a special could be paid in Feb 21 ,,
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: dotnochance on 10-12-20, 12:27AM
im confused who gets this?, i know shareholders, but does save as you ern benefit for this? or just my normal shares
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: notsofunny on 10-12-20, 03:17AM

Only those that hold shares ,
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Welshie on 10-12-20, 04:19AM
Quote from: dotnochance on 10-12-20, 12:27AM
im confused who gets this?, i know shareholders, but does save as you ern benefit for this? or just my normal shares

No Saye is only a share option . You don't actually own any shares until you give your instruction at the end of the 3yr/5yr period
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Compromiseman on 10-12-20, 08:08AM
There is a SAYE option maturing on Feb 1st 2021. If the shares are purchased immediately (e.g. owned on Feb 2nd 2021)....will these qualify? or has the date already been set for ownership?
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: notsofunny on 10-12-20, 01:40PM
  my understanding is that the cut off date has already gone for normal divi payments  ,, But it would be wise for you to find out from Tesco them self since the payment of the special is going to around 50p per share , and the pay out will be voted on at meeting in Feb 2021,

Not wanting to confuse you  or anyone but you would also need to see if the share price at the moment has factored in the special dividend , sometimes the share price goes up with everyone already knowing that a set amount of the value of the dividend  is going to be say 50p , so after the dividend is paid out the price falls slightly to make up for the pay out.

In the case of SAYE you also need to see what the price per share was set at, it should have been lower than the price it was trading at the open of the saye  What is the buying price for the shares you got given 3 years or 5 years ago ? it should show on the letter you got at the start of the SAYE .

Another thing to facture in is the dealing price, and if you expect to hold onto the shares long term.

I have had 5 special Dividend pay outs from other shares and each time the share value dropped after the pay out or cut off date to reflect the pay out I got.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Compromiseman on 10-12-20, 02:56PM
Option price is £1.51
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: notsofunny on 10-12-20, 08:17PM

At that price I would buy them , even if the special is included you still come out ahead and like I said before banks are not paying you to keep your money with them and the Normal divi is above 4%  , and the lowest the Tesco share price has been in the last 3 years is I think about 180p so unless we have a major share crash  you come out wining ,

Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Wilted20 on 27-01-21, 09:42AM
On yesterday’s shareholder email about share consolidation, this line struck me “This is required so that, as far as possible, the Company can maintain its current share price. If the shares were not consolidated, as the Company no longer owns its Thai and Malaysian businesses and is expected shortly to pay the special dividend, the value of the Company’s shares would likely decrease”

In the FAQ “It is anticipated that the total of the amount of Special Dividend paid to you plus the total value of your New Ordinary Shares shall be equal to approximately the total value of your Existing Ordinary Shares.”

On the face of it, I took this to mean that the special dividend is only being used to bridge the gap between the value of your existing shareholding and the new shareholding (after consolidation) - so is it a bonus at all?
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Wilted20 on 27-01-21, 09:51AM
As the special dividend payment is reliant on shareholder approval for consolidation, what would happen to the circa £5bn if shareholder approval is not given?

Link: http://www.tescoplc.com/GM2021
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Rad on 27-01-21, 12:16PM
Quote from: Wilted20 on 27-01-21, 09:42AM
On yesterday’s shareholder email about share consolidation, this line struck me “This is required so that, as far as possible, the Company can maintain its current share price. If the shares were not consolidated, as the Company no longer owns its Thai and Malaysian businesses and is expected shortly to pay the special dividend, the value of the Company’s shares would likely decrease”

In the FAQ “It is anticipated that the total of the amount of Special Dividend paid to you plus the total value of your New Ordinary Shares shall be equal to approximately the total value of your Existing Ordinary Shares.”

On the face of it, I took this to mean that the special dividend is only being used to bridge the gap between the value of your existing shareholding and the new shareholding (after consolidation) - so is it a bonus at all?

No and its what I alluded to earlier in the thread, months ago, before being shot down
I'm struggling to see the benefit,  unless like I initially said, you are willing to have the shares for a very long time, take the dividends and hope they increase in value over the years.

We got so much bad press over this as well.  Maybe its a worst case scenario that there is no gain for any shareholder and the market reacts positively so we can at least make a small gain.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: BUY TESLA STOCK on 27-01-21, 12:26PM
 :thumbup:
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Alvor the grear on 27-01-21, 04:44PM
I sat and worked out what the dividend payout to me would be (50.93p per share) and balanced out against the share loss 15/19 and I work it out that I'm 26£ worse off. So they are giving you the dividend in one hand but then diluting your share holding. Seems a bit pointless as said above where is the benefit?
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: arlo on 27-01-21, 06:38PM
So much for the special dividend  ???
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: BUY TESLA STOCK on 27-01-21, 07:20PM
AMC and GameStop were the stock to own today.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: lordadmiral on 27-01-21, 09:11PM
We get about 50p per share. Thats £500 for someone with 1k shares. If we consolidate shares 2:1. Then we get £1 per share as we will have 500 shares.
A 2 shares worth £5 should should turn into one share worth £5.
That's how the consolidation should look like. Do i miss something?
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Donk180 on 27-01-21, 09:39PM
Hey guys, i have been reading my emails today informing me about what’s happening with the shares and I’m totally confused as to what to do with them. Was just going to buy to sell and cash in with £3500 profit but with the potential to earn a bit extra with the dividend is it worth gambling it is their a potential of watching my profits going up in smoke? Sorry don’t really understand what they are doing
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: owlnight on 28-01-21, 12:21AM
Quote from: lordadmiral on 27-01-21, 09:11PM
We get about 50p per share. Thats £500 for someone with 1k shares. If we consolidate shares 2:1. Then we get £1 per share as we will have 500 shares.
A 2 shares worth £5 should should turn into one share worth £5.
That's how the consolidation should look like. Do i miss something?
I think i understood it to say for every 19 shares we have, they reduce to 15, and the difference in loss is paid via the special bonus????? dont really know, just my take on it. If that is the case, wheres the benefit?
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Wilted20 on 28-01-21, 12:53AM
The consolidation ratio is quoted as 19 existing shares : 15 new shares

1000 existing shares will consolidate to 789 new shares

At yesterday’s closing rate of 244.90p, the existing shares will be worth £2499.00

At yesterday’s closing rate of 244.90p, the new shares will be worth £1932.26

The special dividend on 1000 shares will be £509.30, meaning a combined value of £2441.56 (an overall loss of £57.44)

I understand the above - but as per the literature, the existing 5p ordinary share nominal value moves to 6.33p (5p, divided by 15, multiplied by 19 - using the ratio above), after consolidation.

I’m wondering whether the share price will therefore be re-adjusted after consolidation.

(Using the above example, the 244.90p share price would become 310.20p)

This would make the 789 new shares roughly equate to the value of the 1000 existing shares, and give a genuine return to shareholders by way of the special dividend.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: owlnight on 28-01-21, 03:03AM
just read this,
What will happen if I have an SAYE scheme which reaches maturity on 1 February 2021 and I choose to use my savings to buy shares at the SAYE option price?
If you have an SAYE scheme which reaches maturity on 1 February 2021, you will be eligible to receive the Special Dividend on the shares you buy at the SAYE option price if: (i) you enter your maturity instruction to “buy shares to keep or transfer” before the cut-off dates shown below; and (ii) you do not sell the shares before 6.00 p.m. (UK time) on 12 February 2021. The Share Consolidation will also be applied to these shares.
The relevant cut-off dates are as follows:
• Booker 2017 three-year SAYE scheme â€" 2.00 p.m. (UK time) on 1 February 2021
• Tesco Irish 2015 five-year SAYE scheme â€" 6.00 p.m. (UK time) on 3 February 2021
• Tesco UK 2015 five-year SAYE scheme â€" 6.00 p.m. (UK time) on 5 February 2021
If however you: (i) enter an instruction to “buy shares to sell” before the cut-off times shown above; (ii) enter any type of maturity instruction after these cut-off times; or (iii) sell your shares before 6.00 p.m. (UK time) on 12 February 2021 where you have entered your maturity instruction to “buy shares to keep or transfer” before the cut-off dates, you will not be eligible to receive the Special Dividend on the shares you buy at the SAYE option price and the Share Consolidation will also not be applied to these shares.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: owlnight on 28-01-21, 03:37AM
going off the example it gave, by their own calculations, it was minus £1.87 loss  i cant screenshot it, its too large a file sorry. i did try.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Minnie Mouse on 28-01-21, 08:16AM
I have also been trying to work out the special dividend and as said above it works out you will be worse off so how can they say you are getting 50.9 pence a share and you end up worse off ? would it be better to sell your shares before the cut off or wait and hope the price rises
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Paulie on 28-01-21, 08:33AM
How will this effect SAYE schemes later than 2015 who are not entitled to special dividend.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Wilted20 on 28-01-21, 09:14AM
No other SAYE scheme is affected, besides the Tesco U.K. 2015 5-Year scheme, Paulie.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Wilted20 on 28-01-21, 09:38AM
Quote from: Wilted20 on 28-01-21, 12:53AM
The consolidation ratio is quoted as 19 existing shares : 15 new shares

1000 existing shares will consolidate to 789 new shares

At yesterday’s closing rate of 244.90p, the existing shares will be worth £2499.00

At yesterday’s closing rate of 244.90p, the new shares will be worth £1932.26

The special dividend on 1000 shares will be £509.30, meaning a combined value of £2441.56 (an overall loss of £57.44)


My apologies, I mistyped a figure, owlnight.

Corrected here, and rounded up per their example:


The consolidation ratio is quoted as 19 existing shares : 15 new shares

1000 existing shares will consolidate to 789 new shares

At yesterday’s closing rate of £2.45, the existing shares will be worth £2450.00

At yesterday’s closing rate of £2.45, the new shares will be worth £1933.05

The special dividend on 1000 shares will be £509.30, meaning a new combined value of £2442.35 (an overall loss of £7.65)
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Wirey2020 on 28-01-21, 09:43AM
The reduction of shares overall the price will go up...basic supply and demand principles still apply here.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: grim up north on 28-01-21, 11:53AM
Share price WILL go up or should?
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: owlnight on 28-01-21, 12:12PM
Quote from: owlnight on 28-01-21, 03:03AM
just read this,
What will happen if I have an SAYE scheme which reaches maturity on 1 February 2021 and I choose to use my savings to buy shares at the SAYE option price?
If you have an SAYE scheme which reaches maturity on 1 February 2021, you will be eligible to receive the Special Dividend on the shares you buy at the SAYE option price if: (i) you enter your maturity instruction to “buy shares to keep or transfer” before the cut-off dates shown below; and (ii) you do not sell the shares before 6.00 p.m. (UK time) on 12 February 2021. The Share Consolidation will also be applied to these shares.
The relevant cut-off dates are as follows:
• Booker 2017 three-year SAYE scheme â€" 2.00 p.m. (UK time) on 1 February 2021
• Tesco Irish 2015 five-year SAYE scheme â€" 6.00 p.m. (UK time) on 3 February 2021
• Tesco UK 2015 five-year SAYE scheme â€" 6.00 p.m. (UK time) on 5 February 2021
If however you: (i) enter an instruction to “buy shares to sell” before the cut-off times shown above; (ii) enter any type of maturity instruction after these cut-off times; or (iii) sell your shares before 6.00 p.m. (UK time) on 12 February 2021 where you have entered your maturity instruction to “buy shares to keep or transfer” before the cut-off dates, you will not be eligible to receive the Special Dividend on the shares you buy at the SAYE option price and the Share Consolidation will also not be applied to these shares.

HELP, Is it me, or are those two paragraphs (top, then paragraph below cut off dates) regarding “buy shares to keep or transfer” conflicting? i read it as intruct before cut off date to buy shares to keep and shares consolidation /bonus applies? ........but then im reading as the same instruction below the cut off dates, as the same option to buy/keep, share consolidation doesn't apply?? 
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Wirey2020 on 28-01-21, 12:53PM
Quote from: grim up north on 28-01-21, 11:53AM
Share price WILL go up or should?

It’s an educated conclusion, the share price will go up as a result...it will sharply go up to around £3.10 then overtime supply and demand principles (save for any outside interference that may affect the market) will mean that the price will climb steadily.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: rogerthedodger on 28-01-21, 01:33PM
I can’t get my head around who benefits and why?
So am I right in thinking we get nothing
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Minnie Mouse on 28-01-21, 02:41PM
That’s the conclusion I have come to 😒 as getting 50.9p for each share ends up being what you lose when they consolidate the shares down
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Mohamed on 28-01-21, 03:20PM
The share will go up in value after the consolation.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: BUY TESLA STOCK on 28-01-21, 04:00PM
Mohamed

Hopefully!
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: grim up north on 28-01-21, 04:57PM
Where does the 'extra' money go? Using Wilted's figures and a loss of £7.65. Who gets that money?
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Wilted20 on 28-01-21, 05:57PM
Grim up north - When the shares are consolidated, I believe that the majority of the fractional excess is donated to charity.

I read an article about share consolidation, and it states that the stock market listing price is re-adjusted, to compensate for the reduction in the overall number of shares in the company.

If this is the case, any SAYE schemes which are due to mature after the consolidation, should be worth more (as the number of options and the price agreed cannot be changed)?
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: owlnight on 28-01-21, 07:47PM
yes wilted20,
thats the conclusion i eventually came to. so im not doing my instruction untill after the 12th feb, unfortunately you don’t have the same option for any you already have. and i wont be voting for it either. thats if i have fully understood it, they dont make ot easy!!! if imhave got it wrong, please enlighten me👍😁
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Millie on 29-01-21, 09:38AM
Quote from: Paulie on 28-01-21, 08:33AM
How will this effect SAYE schemes later than 2015 who are not entitled to special dividend.
surely shareholders will vote against the consolidation??  No one wants to lose money on shares
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: NightAndDay on 29-01-21, 09:41AM
They voted in favour of the Asia deal, this would have been a natural consequence of that decision, the alternative would be for shares to lose value as a result of Tescos reduced asset portfolio.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Millie on 29-01-21, 10:25AM
So will the share price go up ? 
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: londoner83 on 29-01-21, 11:02AM
Firstly it's largely irrelevant how you vote. The big institutions will decide to back the deal and I fully expect it to pass.

Secondly the current share price has already factored in the "bonus" from the sale in Asia. The price is likely to fall once it happens as the business can't generate those funds again, hence the consolidation to reduce the number of shares in existence to attempt to keep the price where it is now.

Anyone expecting huge increases will I believe be sadly disappointed. However as in all dealings with stocks and shares investments can rise and fall.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: BlueToon on 29-01-21, 12:14PM
My difficulty with this is,
Do I keep the dividend as re-invested shares (with the potential to sell some if needed later)?
OR
Get the dividend in cash and just accept the fact that I will have fewer shares after consolidation?
Decisions, decisions?
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: BUY TESLA STOCK on 29-01-21, 12:38PM
Cash in and buy some AMC and GameStop stocks or better still American Battery Metals Corp. Best of luck! >:D
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: owlnight on 29-01-21, 02:01PM
Quote from: BlueToon on 29-01-21, 12:14PM
My difficulty with this is,
Do I keep the dividend as re-invested shares (with the potential to sell some if needed later)?
OR
Get the dividend in cash and just accept the fact that I will have fewer shares after consolidation?
Decisions, decisions?
yes, i was pondering this, but a thought i dont know the answer to is, ...do re…invested dividend shares have to held for 3yrs before selling tax free? anyone??
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: BUY TESLA STOCK on 29-01-21, 03:02PM
 ;)
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Wilted20 on 29-01-21, 05:31PM
Source: FT


The 50p a share payout is equivalent to about a fifth of the share price. Normally, the share price would fall by that amount the moment the cut-off point for eligibility to the special dividend is reached. In this case, it is February 9.

To prevent such a drastic fall, Tesco is consolidating its share capital. Effectively this means the shares will trade at around the same price after the return of capital as they did before â€" but there will be fewer of them.

The mechanism for doing this is to issue 15 new ordinary shares for every 19 existing ones. For example, an investor with 100 existing shares would find themselves owning 78 new ones.

“Fractional entitlements” â€" 0.95 of a share in the example given above â€" will be aggregated and sold, with the proceeds given to the Trussell Trust, a Tesco-supported food bank charity.

Trading in the existing ordinary shares will cease after the market closes on February 12. The new shares will be admitted on February 15. If you hold shares in certificate form, you should retain your old certificates until the new ones arrive â€" they will be posted on February 26 â€" or you will not be able to trade.

The special dividend will also be paid on February 26, and is likely to be overwhelmingly approved whether you vote or not, since most Tesco stock is held by large financial institutions who will vote in favour.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Minnie Mouse on 29-01-21, 06:28PM
Remember if it’s £509 per 1000 shares and you have over  4000 shares and you take cash dividends you pay tax on any dividend you receive over £2000
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: owlnight on 29-01-21, 06:32PM
thank you wilted 20 and minnie mouse :thumbup:
i dont wish to reduce my shareholding at the moment, so if i apply to receive re-invested shares instead of the cash dividends, are you aware of any cut off dates to do so?
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: BlueToon on 29-01-21, 06:33PM
Quote from: owlnight on 29-01-21, 02:01PM
yes, i was pondering this, but a thought i dont know the answer to is, ...do re%u2026invested dividend shares have to held for 3yrs before selling tax free? anyone??

From HMRC,
""Dividend shares
You may be able to buy more shares with the dividends you get from free, partnership or matching shares (but only if your employer's scheme allows it). You will not pay Income Tax if you keep the dividend shares for at least 3 years.""
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: owlnight on 29-01-21, 06:36PM
so by that i take it means the sip shares  bluetoon?
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: BlueToon on 29-01-21, 07:05PM
"Owlnight"
I believe so.
And it fits with the amount of "locked in" shares I have, as the only ones I bought were well over 3 years ago, yet I still have some locked in.
The only way that could happen in my case is from the dividend re-invested as shares, which is the way I chose on the site.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Shirl5508 on 29-01-21, 07:15PM
Re; special dividend.

Am I wrong in thinking the company is not actually paying us a dividend as they are consolidating the shares so both the new shares and dividend will be worth the same value I hold now !

What happens to the money for the sale ?
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Fun girl on 29-01-21, 07:43PM
I have never sold any of my shares from saye or buy as you earn, I was wanting to keep them for when I retire but can't believe I'm going to be worse off with the special dividend, with the tax and less shares.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: grim up north on 29-01-21, 07:55PM
Quote from: Wilted20 on 29-01-21, 05:31PM
Source: FT


The 50p a share payout is equivalent to about a fifth of the share price. Normally, the share price would fall by that amount the moment the cut-off point for eligibility to the special dividend is reached. In this case, it is February 9.

To prevent such a drastic fall, Tesco is consolidating its share capital. Effectively this means the shares will trade at around the same price after the return of capital as they did before â€" but there will be fewer of them.

The mechanism for doing this is to issue 15 new ordinary shares for every 19 existing ones. For example, an investor with 100 existing shares would find themselves owning 78 new ones.

“Fractional entitlements” â€" 0.95 of a share in the example given above â€" will be aggregated and sold, with the proceeds given to the Trussell Trust, a Tesco-supported food bank charity.

Trading in the existing ordinary shares will cease after the market closes on February 12. The new shares will be admitted on February 15. If you hold shares in certificate form, you should retain your old certificates until the new ones arrive â€" they will be posted on February 26 â€" or you will not be able to trade.

The special dividend will also be paid on February 26, and is likely to be overwhelmingly approved whether you vote or not, since most Tesco stock is held by large financial institutions who will vote in favour.

Is there anyway the aggregate money could be paid directly to me? A few years ago ,allegedly, money was stolen by senior team meant to be going to charity. Therefore I take no part in T* charity. I would prefer to give to charity directly myself
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: owlnight on 29-01-21, 08:43PM
Quote from: Fun girl on 29-01-21, 07:43PM
I have never sold any of my shares from saye or buy as you earn, I was wanting to keep them for when I retire but can't believe I'm going to be worse off with the special dividend, with the tax and less shares.

1)Thanks bluetoon  :thumbup:

Fun girl, you can elect to have the special dividend to be re-invested as shares instead. there could be a slight loss, but at least you will still have your shares. you can do this through your shareview account if tou have one online, if not, ring them soos as. i believe the last chance to do this is this, i jave just read online ...............
Record date for participation in the DRIP for the Special Dividend and deadline for receipt of DRIP elections .......6pm 12th feb ‘21
hope this helps
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: BUY TESLA STOCK on 29-01-21, 08:47PM
A few of our management team are taking a £10 profit.  >:D
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Katarn2000 on 29-01-21, 09:08PM
I just sold my shares then noticed this. Have I made a mistake?
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Fun girl on 29-01-21, 09:46PM
Quote from: owlnight on 29-01-21, 08:43PM
Quote from: Fun girl on 29-01-21, 07:43PM
I have never sold any of my shares from saye or buy as you earn, I was wanting to keep them for when I retire but can't believe I'm going to be worse off with the special dividend, with the tax and less shares.

1)Thanks bluetoon  :thumbup:

Fun girl, you can elect to have the special dividend to be re-invested as shares instead. there could be a slight loss, but at least you will still have your shares. you can do this through your shareview account if tou have one online, if not, ring them soos as. i believe the last chance to do this is this, i jave just read online ...............
Record date for participation in the DRIP for the Special Dividend and deadline for receipt of DRIP elections .......6pm 12th feb ‘21
hope this helps

[admin]Did you intend to include a response to the above quote ?[/admin]
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Fun girl on 29-01-21, 09:55PM
Thanks a always reinvest all my dividend my baye are not taxed or my share isa but my other shares a will need to pay tax on them got a pall that's accounted and a will need to pay 7.5%tax on the dividend after paying this and reinvest my divedend am still worse of than before
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Mark calloway on 30-01-21, 01:40PM
I dont understand anything to do with shares and dividends etc.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: owlnight on 30-01-21, 05:09PM
FUN GIRL
so wrong that you lose out!
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: just curious on 30-01-21, 05:58PM
I wonder how the Trustees of the Tesco pension fund will be voting on this for its members as surely they will have some of the pension fund invested in Tosco , and with the number of Tosco shares that would be held by the pension fund how much will the pension fund gain / loose from the special dividend and the consolidation of the shares .  ??? ???
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: BlueToon on 30-01-21, 07:17PM
Quote from: just curious on 30-01-21, 05:58PM
I wonder how the Trustees of the Tesco pension fund will be voting on this.

The pension pot is getting a large sum, circa 2.5 Billion, to ensure that there is no deficit.

"Out of the Net Funds, the Board has made a significant pension contribution of £2.5 billion that
is expected to eliminate the current funding deficit and significantly reduce the prospect of
having to make further pension deficit contributions in the future.".
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: lordadmiral on 30-01-21, 08:58PM
Quote from: Katarn2000 on 29-01-21, 09:08PM
I just sold my shares then noticed this. Have I made a mistake?
Yes one of the biggest in your life. You lost huge dividend.
For 1k shares we receive £510 tax free. That's £5.1 k for someone who hold 10k shares.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Katarn2000 on 30-01-21, 10:11PM
Oops
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Fair play on 31-01-21, 12:41AM
Quote from: owlnight on 29-01-21, 06:32PM
thank you wilted 20 and minnie mouse :thumbup:
i dont wish to reduce my shareholding at the moment, so if i apply to receive re-invested shares instead of the cash dividends, are you aware of any cut off dates to do so?

Would you be able to claim any tax paid back , if not a tax payer ?
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Fun girl on 31-01-21, 01:54AM
You have to pay tax on dividends over £2000
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Pfs girlie on 31-01-21, 09:03AM
Me neither...I normally buy the shares  then sell when at a good price ..
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Bigbadbob on 31-01-21, 11:37AM
This  "Special Dividend" payment is misleading to persons not very savy around shares. The special dividend is 21% of a share price based on £2.42. But your share holding is then reduced by 21%. So Tesco are buying 21% of your shares of you at £2.42, even though that price may not suite you. As mentioned before on this forum you can have your special dividend reinvested to rebuy shares back, but i think I read on the information supplied by Tesco that these shares would become tied in for a certain period of time. So in reality for most people, Tesco are buying 21% of your shares of you for £2.42
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Wirey2020 on 31-01-21, 11:58AM
Shares will be tied in if they are the reinvested dividend of shares already in SIP. you can sell and pay the tax or you can save them for 3 years and not pay any tax on them so the “tied down” options only serves to benefit you if you opt to go with it.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: lordadmiral on 31-01-21, 01:24PM
Reinvesting dividend is a good move but for people who know they will stay at Tesco for next 3 years. Think wisely. If someone receive huge dividend, like 5k and reinvest it but for ex. quit 2 years later then all that money is lost.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Millie on 31-01-21, 01:53PM
Quote from: Wirey2020 on 31-01-21, 11:58AM
Shares will be tied in if they are the reinvested dividend of shares already in SIP. you can sell and pay the tax or you can save them for 3 years and not pay any tax on them so the “tied down” options only serves to benefit you if you opt to go with it.
What about reinvested  dividends
on ordinary shares ?  Are they also tied in ?
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Fun girl on 31-01-21, 03:25PM
No you can sell them when you want
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Rad on 31-01-21, 04:09PM
Quote from: lordadmiral on 31-01-21, 01:24PM
Reinvesting dividend is a good move but for people who know they will stay at Tesco for next 3 years. Think wisely. If someone receive huge dividend, like 5k and reinvest it but for ex. quit 2 years later then all that money is lost.

If you own the shares either by buying or from dividends, you dont lose them if you leave tesco.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: owlnight on 31-01-21, 06:35PM
Rad, i think lordamiral means not keeping the reinvested shares  for 3yrs, if they are sip shares, (free) and then you have to pay tax  if like he says you decide to leave after 2yrs.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Charlie Harper on 01-02-21, 11:45AM
Quote from: Katarn2000 on 30-01-21, 10:11PM
Oops

No you haven't.

Example...We'll use a share price of £2.42

You own 190 shares say, you decide to sell at £2.42 per share...the value/sale is £459.80.

Or...you hold the shares...

You get the Special Divi of 50p per share = £95

Your share holding is then reduced from 190 to 150 shares after consolidation.

150 shares at £2.42 =£363

New share value of £363 + your Divi payout of £95 = £458
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Charlie Harper on 01-02-21, 12:47PM
Quote from: Wirey2020 on 28-01-21, 12:53PM
Quote from: grim up north on 28-01-21, 11:53AM
Share price WILL go up or should?

It’s an educated conclusion, the share price will go up as a result...it will sharply go up to around £3.10 then overtime supply and demand principles (save for any outside interference that may affect the market) will mean that the price will climb steadily.

Doubt it...The company has basically been devalued by 7.5 Billion.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: BUY TESLA STOCK on 01-02-21, 03:54PM
 ;)
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Welshie on 01-02-21, 07:53PM
I dont really understand any of this so can someone explain how it affects save as you earn .
I still buy my shares at the option price but will the share price drop and when is this expected to happen?
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: bushido on 02-02-21, 08:01AM
Quote from: Charlie Harper on 01-02-21, 11:45AM
Quote from: Katarn2000 on 30-01-21, 10:11PM
Oops

No you haven't.

Example...We'll use a share price of £2.42

You own 190 shares say, you decide to sell at £2.42 per share...the value/sale is £459.80.

Or...you hold the shares...

You get the Special Divi of 50p per share = £95

Your share holding is then reduced from 190 to 150 shares after consolidation.

150 shares at £2.42 =£363

New share value of £363 + your Divi payout of £95 = £458

Aren’t we taxed on the dividends though? Who’s covering that cost?
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Minnie Mouse on 02-02-21, 09:36AM
You pay no tax on dividend under £2000 but will have to pay tax on anything over £2000 that’s for the whole years tax allowance on dividend
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: bushido on 02-02-21, 09:55AM
So those of us who kept all or some of the shares back from the date will be penalised.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Millie on 02-02-21, 09:59AM
Quote from: Minnie Mouse on 02-02-21, 09:36AM
You pay no tax on dividend under £2000 but will have to pay tax on anything over £2000 that’s for the whole years tax allowance on dividend
Is that tax also paid if we take shares rather than cash ?
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Minnie Mouse on 02-02-21, 10:05AM
I was on the government website trying to find that out will post if I find out
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Fair play on 02-02-21, 11:02AM
Quote from: bushido on 02-02-21, 09:55AM
So those of us who kept all or some of the shares back from the date will be penalised.

You will only pay tax on dividends if you declare it  🤗
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: bushido on 02-02-21, 12:22PM
So I have to lie to inland revenue if I don’t want to lose any money. What a position for the company to put us in.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: NightAndDay on 02-02-21, 02:14PM
You get £2,000 tax free from dividend payments, anything above is taxed at 7.5% for basic rate tax payers, and I believe 32.5% for HR and 38% for additional rate tax payers, that's why I keep my dividend earnings at just under the threshold, don't want to be paying 38% on my dividend earnings when i'm already single handedly funding the cushion for the ramifications of Brexit through my income tax contributions of 45%.

Selling shares is different as that falls under Capital Gains Tax.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Millie on 02-02-21, 02:36PM
Quote from: NightAndDay on 02-02-21, 02:14PM
You get £2,000 tax free from dividend payments, anything above is taxed at 7.5% for basic rate tax payers, and I believe 32.5% for HR and 38% for additional rate tax payers, that's why I keep my dividend earnings at just under the threshold, don't want to be paying 38% on my dividend earnings when i'm already single handedly funding the cushion for the ramifications of Brexit through my income tax contributions of 45%.

Selling shares is different as that falls under Capital Gains Tax.
So would it be better to take the dividend as shares as they can then be sold whenever you wish to sell and the capital gains tax is more generous ?
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: NightAndDay on 02-02-21, 02:44PM
That would be down to how Tesco performs as a business and the confidence shareholders and business analysts have in the company, with the new CEOs profile and strategy being similar to Dave Lewis's and the expansion of the German Discounters, it's unlikely that the share price will go up in the long term unless the new CEO makes some innovative investment decisions, I would take the dividend payment and accept the loss in shares.

The further streamlining of the business also shouts short term gain long term losses.

Saying this though, Tesco being the size it is, even with worsening year on year performance, the dividend payment variance is quite stable, it'd be better to hold shares for the dividends in big companies and sell shares for profit in smaller more volatile companies and let earnings from that fall under CGT.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Minnie Mouse on 02-02-21, 06:42PM
On shareview website it states if you take shares instead of cash dividend it is treated the same so you will have to declare if over £2000
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: NightAndDay on 02-02-21, 08:35PM
Yes, doing it via DRIP gives you the cash as payment then automatically uses it on shares, it's just a quicker way to do it than buying the shares yourself when you get the cash. In essence, you're using your cash to buy shares in both instances.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: notsofunny on 03-02-21, 02:21AM
Quote from: NightAndDay on 02-02-21, 02:14PM
You get £2,000 tax free from dividend payments, anything above is taxed at 7.5% for basic rate tax payers, and I believe 32.5% for HR and 38% for additional rate tax payers, that's why I keep my dividend earnings at just under the threshold, don't want to be paying 38% on my dividend earnings when i'm already single handedly funding the cushion for the ramifications of Brexit through my income tax contributions of 45%.

Selling shares is different as that falls under Capital Gains Tax.

So you work for Tesco and earn  at least  £150 ,000 ,, am i correct in thinking that ?
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: NightAndDay on 03-02-21, 11:16AM
Not directly, I hold a government position with the NAO where I come up with accounting rules and frameworks and ensure that all retailers comply with strict accounting and auditing standards in their reporting, making sure that from a financial and accounting standpoint, all are acting legally and ethically. Auditors such as Deloitte and PWC have to report to the NAO.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Millie on 03-02-21, 11:20AM
Quote from: NightAndDay on 03-02-21, 11:16AM
Not directly, I hold a government position with the NAO where I come up with accounting rules and frameworks and ensure that all retailers comply with strict accounting and auditing standards in their reporting, making sure that from a financial standpoint, all are acting legally and ethically. Auditors such as Deloitte and PWC have to report to the NAO.
So will you be taking shares or cash ?  As I’m finding all this very complicated.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: NightAndDay on 03-02-21, 11:23AM
I'll be taking the cash.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Shirl5508 on 03-02-21, 01:02PM
Quote from: Bigbadbob on 31-01-21, 11:37AM
This  "Special Dividend" payment is misleading to persons not very savy around shares. The special dividend is 21% of a share price based on £2.42. But your share holding is then reduced by 21%. So Tesco are buying 21% of your shares of you at £2.42, even though that price may not suite you. As mentioned before on this forum you can have your special dividend reinvested to rebuy shares back, but i think I read on the information supplied by Tesco that these shares would become tied in for a certain period of time. So in reality for most people, Tesco are buying 21% of your shares of you for £2.42

If this is true and it looks like it , we arnt  being given a dividend at all, just being conned out of our shares,  STOP THE STEAL springs to mind and vote against the consolidation.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: notsofunny on 04-02-21, 12:32AM


So what do you say they do with the £5 billion sitting in the bank ?
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: notsofunny on 04-02-21, 12:47AM
Quote from: NightAndDay on 03-02-21, 11:16AM
Not directly, I hold a government position with the NAO where I come up with accounting rules and frameworks and ensure that all retailers comply with strict accounting and auditing standards in their reporting, making sure that from a financial and accounting standpoint, all are acting legally and ethically. Auditors such as Deloitte and PWC have to report to the NAO.

So you dont work for tesco at all , I was wondering what you did if your tax rate was so high ,  And  wondering even more since I did not think the Gov paid Many people over £150 k ,, if I am not mistaken your one in about 500 ,,,,,,,,,,, interesting ,,



Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Lee2021 on 04-02-21, 02:18AM
With regard to the save as you earn starting in march 2021, I had to opt out I sent my cancellation on the 12th December 2020 but it's still come out of my wage this month. anybody know if this is normal process? Thank you.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: alf on 05-02-21, 01:46AM
Quote from: notsofunny on 04-02-21, 12:47AM
So you dont work for tesco at all , I was wondering what you did if your tax rate was so high ,  And  wondering even more since I did not think the Gov paid Many people over £150 k ,, if I am not mistaken your one in about 500 ,,,,,,,,,,, interesting ,,

A bit less than 1 in 500.

Senior staff remuneration: updated Sept 2020      
Data source: NAO Annual Report and Accounts 2019-20      
      
Name   Grade   Salary (2019-2020)
Gareth Davies (paid from the Consolidated Fund)   Comptroller and Auditor General   Â£180k to £185k 1
Abdool Kara   Executive Director   Â£165k to £170k
Kate Mathers   Executive Director   Â£135k to £140k
Rebecca Sheeran   Executive Director   Â£115k to £120k 2
Daniel Lambauer   Executive Director   Â£135k to £140k
Max Tse   Executive Director   Â£135k to £140k
Elaine Lewis   Executive Director   Â£60k to £65k 3

Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: crabbit on 05-02-21, 07:53AM
I dont think its acceptable to try and identify fellow members in public forum.
Please remove..
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: gomezz on 05-02-21, 09:43AM
Quote from: crabbit on 05-02-21, 07:53AM
I dont think its acceptable to try and identify fellow members in public forum.
Please remove..
[gmod=gomezz]As remunerations of directors of a public limited company this is information that is openly available in the public domain[/gmod]
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: notsofunny on 08-02-21, 01:29PM
Quote from: alf on 05-02-21, 01:46AM
Quote from: notsofunny on 04-02-21, 12:47AM
So you dont work for tesco at all , I was wondering what you did if your tax rate was so high ,  And  wondering even more since I did not think the Gov paid Many people over £150 k ,, if I am not mistaken your one in about 500 ,,,,,,,,,,, interesting ,,

A bit less than 1 in 500.

Senior staff remuneration: updated Sept 2020      
Data source: NAO Annual Report and Accounts 2019-20      
      
Name   Grade   Salary (2019-2020)
Gareth Davies (paid from the Consolidated Fund)   Comptroller and Auditor General   Â£180k to £185k 1
Abdool Kara   Executive Director   Â£165k to £170k
Kate Mathers   Executive Director   Â£135k to £140k
Rebecca Sheeran   Executive Director   Â£115k to £120k 2
Daniel Lambauer   Executive Director   Â£135k to £140k
Max Tse   Executive Director   Â£135k to £140k
Elaine Lewis   Executive Director   Â£60k to £65k 3


Thanks but we was talking about Gov UK pay rates as to  the 500 ,

Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: alf on 08-02-21, 02:51PM
Of course, I was merely pointing out that if a person earns above 150k and works for the NAO, they are either Gareth Davies or Abdoul kara, which as mentioned is a tad closer than being 1 in 500

Suffice to say without beating around the Bush, ol' nighty day is telling fibs.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: notsofunny on 08-02-21, 09:10PM


Like I said Interesting  :-X
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: alf on 08-02-21, 11:13PM
To be fair, if he spent more than 5 minutes googling what the NAO actually is and what they do, he could probably have came up with a convincing delusion.

That and of course making a semi-realisitic declaration of his "income", but egos going to ego.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Voulezvous on 10-02-21, 08:03AM
Quote from: Lee2021 on 04-02-21, 02:18AM
With regard to the save as you earn starting in march 2021, I had to opt out I sent my cancellation on the 12th December 2020 but it's still come out of my wage this month. anybody know if this is normal process? Thank you.
Im the ssme...changed my mind and cancelled in December but still came out of my wages last week.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Olivia Pope on 10-02-21, 08:19AM
Hello, some points to consider around your shares depending on how many you hold, do you do both buy as you earn and save as you earn. Have you set up an Isa through the share funding scheme? By setting up the Isa you can hold shares / receive dividends in cash up to a threshold and not pay tax. If you go over your threshold then you will pay tax, dividends allowance non tax limit - I think is around £2,000. For some people they have saved and kept shares by having the 51p dividend they will loose out by paying tax on it, if you sell prior you may need to pay capital gains tax however your allowance is higher. The divided 51p is not at all how it was sold to us they did tell us once we sell all share holders will benefit- they just missed out about dividing the share stock and reducing. Why am I surprised I shouldn’t be!
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Millie on 10-02-21, 03:40PM
[mod]Please do not quote immediately prior post(s).[/mod]
Some very good information thank you.  Do you know how to open up the ISA ?
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: lordadmiral on 10-02-21, 09:19PM
Income tax on dividend is 7.5% for basic rate then goes to 32.5%. Shame it's only 2k is non taxable.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Wilted20 on 15-02-21, 04:59PM
Quote from: Voulezvous on 10-02-21, 08:03AM
Quote from: Lee2021 on 04-02-21, 02:18AM
With regard to the save as you earn starting in march 2021, I had to opt out I sent my cancellation on the 12th December 2020 but it's still come out of my wage this month. anybody know if this is normal process? Thank you.
Im the ssme...changed my mind and cancelled in December but still came out of my wages last week.

Same here - I cancelled back in November, and when I phoned Equiniti to enquire, I was told that Tesco will be holding the money until 1st March (the scheme start date). As soon as Equiniti receives the funds, they said that they’ll pass them on to me.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Interstellar on 17-02-21, 05:47PM
Do you. get the dividend on the original number of shares. If you get it on. the reduced number you're losing a considerable amount of money.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Interstellar on 17-02-21, 05:51PM
Sorry I was wrong on the last point. I worked on the wrong share amount.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Ravvers on 17-02-21, 08:21PM
Having been made redundant from Tesco in September 2019 I well out the loop on what is happening with the shares - I've had to keep logging on here to see what I can find out plus google ! As it stands at the moment when I log in to my share account with Equiniti I can see  my share holding was slashed & I'm currently over £8,000 down since they reduced our shares - which when you don't know what is happening is more than stressfull ! I'm guessing   we get the special dividend end of February ? Also guessing my £8,000 will then come back - I hope !!!
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Wilted20 on 17-02-21, 08:52PM
Quote from: Interstellar on 17-02-21, 05:47PM
Do you. get the dividend on the original number of shares. If you get it on. the reduced number you're losing a considerable amount of money.

That is correct
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Wilted20 on 17-02-21, 08:56PM
Quote from: Ravvers on 17-02-21, 08:21PM
Having been made redundant from Tesco in September 2019 I well out the loop on what is happening with the shares - I've had to keep logging on here to see what I can find out plus google ! As it stands at the moment when I log in to my share account with Equiniti I can see  my share holding was slashed & I'm currently over £8,000 down since they reduced our shares - which when you don't know what is happening is more than stressfull ! I'm guessing   we get the special dividend end of February ? Also guessing my £8,000 will then come back - I hope !!!

Sorry to hear that you got made redundant.

Your special dividend will roughly equate to the loss of value since the share consolidation - just remember to declare the dividends, as you only get £2000/yr tax free.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Ravvers on 17-02-21, 09:12PM
Okay thanks  :)
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Fair play on 17-02-21, 11:19PM
Quote from: Ravvers on 17-02-21, 08:21PM
Having been made redundant from Tesco in September 2019 I well out the loop on what is happening with the shares - I've had to keep logging on here to see what I can find out plus google ! As it stands at the moment when I log in to my share account with Equiniti I can see  my share holding was slashed & I'm currently over £8,000 down since they reduced our shares - which when you don't know what is happening is more than stressfull ! I'm guessing   we get the special dividend end of February ? Also guessing my £8,000 will then come back - I hope !!!

Same for me mate just , thanks for the heads up I’ve just checked and I’ve lost just over 9 grand 😡
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: blackberry on 18-02-21, 08:23AM
Quote from: Ravvers on 17-02-21, 08:21PM
Having been made redundant from Tesco in September 2019 I well out the loop on what is happening with the shares - I've had to keep logging on here to see what I can find out plus google ! As it stands at the moment when I log in to my share account with Equiniti I can see  my share holding was slashed & I'm currently over £8,000 down since they reduced our shares - which when you don't know what is happening is more than stressfull ! I'm guessing   we get the special dividend end of February ? Also guessing my £8,000 will then come back - I hope !!!

Dividend is payable on 26th February. If you already have dividend payments go direct into your bank account it will be the same on this occasion, otherwise you’ll receive a cheque soon after (that is unless you had dividends reinvested into shares which would happen again this time, but from the monetary value that has gone I would say this isn’t the case for you)

you should be getting about 50p for every one of the OLD number of shares you had so hopefully will recoup most, if not all, of the monetary value that’s disappeared

Best wishes
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Katarn2000 on 18-02-21, 09:18AM
I sold my shares before the consolidation and increasingly confident it was a good idea.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: lordadmiral on 18-02-21, 09:24AM
Would be better if we had 10% yearly bonus and rest of money topping up June's dividend.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Ravvers on 18-02-21, 10:43AM
26th February , thanks for that info , I always have dividends in shares , I've been building them up for a boost to my retirement nest egg but plan on seeing a financial advisor as I have investments all over the place plus now i'm over 55 I've got to start thinking about my Tesco pensions that I built up from when I was 20 . I've stubbornly held on to Tesco shares for all these years but in hindsight it's probably been a very bad investment , still I saved so I'm not complaining .
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: blackberry on 18-02-21, 11:07AM
Quote from: Ravvers on 18-02-21, 10:43AM
26th February , thanks for that info , I always have dividends in shares , I've been building them up for a boost to my retirement nest egg but plan on seeing a financial advisor as I have investments all over the place plus now i'm over 55 I've got to start thinking about my Tesco pensions that I built up from when I was 20 . I've stubbornly held on to Tesco shares for all these years but in hindsight it's probably been a very bad investment , still I saved so I'm not complaining .

If you have dividends reinvested as shares I think you’ll be given new shares instead of money. New share certificates should be coming out to everyone after 26th I believe.

Best wishes
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: NightAndDay on 18-02-21, 01:29PM
Seems they've already consolidated the shares before making the payment.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Wilted20 on 18-02-21, 03:45PM
The dividend award date (12/02/21) was prior to the share consolidation date (15/02/21).

It just happens that the dividend payment date (26/02/21) falls after the share consolidation date.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Scruff on 23-02-21, 06:53PM
Does anyone know if i will be receiving a statement saying how many shares i have lost due to consolidation? because i can't remember how much i had prior to consolidation

Also share price taking a tumbling too, not good for shareholders, will it bounce after the dividend?
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: dotnochance on 24-02-21, 12:57AM
why the f*** has the share price tanked
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Ravvers on 24-02-21, 06:22PM
Sure has been a nightmare being a Tesco shareholder lately ,i'm currently over 10 grand down - damn good job I didn't need money urgently. For the life of me I can't see how this was good for Tesco shareholders.  I really had no idea there was such a big delay between the consolidation & the special share dividend date . Seems to have been very poorly managed because I've had very little info from Tesco or equniti . For the life of me I can't see how this was good for Tesco Shareholders ? Back in December 2020 I read the headline on my shares app '' Tesco investors set for £5 billion payout as Asia sale clears hurdles '' . I was so excited after reading that , I thought I was in for a really big windfall because that was how it came across , instead i'm currently over £10 k down  >:(
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: BUY TESLA STOCK on 24-02-21, 07:13PM
People should stop investing in companies just because they work for them and can get stocks at a slight discount. Get yourself an app like m1finance or etoro and invest in solid companies like Berkshire Hathaway.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Rad on 24-02-21, 08:43PM
Tony H etc apologised on a call a few weeks ago as they realised that they could have been clearer with comms throughout the year.

Its a great deal for the company as they make a huge payment to the pension fund.  I guess the the hope is that as the business is in great shape that the share price will recover. 

Tesco are not allowed to give financial advice so their hands were tied a little.  But they could have sent the email out that panicked everyone a lot earlier.  Tesco never ever said that it was a windfall or bonus for shareholders.  The media did. 

The expectation was that any shareholders would be financially even once the share price recovered after consolidation but there would be a tax implication for larger shareholders.

But everyone had the chance to sell after receiving the email and before the dividend/consolidation. 

One can only hope now that the share price will recover enough to cover the tax.

As soon as I learned of the tax implications I sold off most of my shares. 
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: lordadmiral on 24-02-21, 11:30PM
Quote from: dotnochance on 24-02-21, 12:57AM
why the f*** has the share price tanked
Latest drop is caused by the fact that Tesco double charged customers. That means money must be returned (lower profit). All was in papers.
Second drop was caused by sell off. Some people decided to cash shares the same day consolidation happened. This way they benefited from slightly higher price and they still get dividend.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Interstellar on 26-02-21, 05:22PM
Today I have received over £400 into my bank account ref. Tesco shares. Any ideas what this is as I'm having the dividend paid to me in shares. It is nowhere near how much I should get anyway.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Rad on 26-02-21, 05:33PM
Have you just recently changed your method of dividend payment? As you need to do it a couple of months before the dividend award date.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Interstellar on 26-02-21, 06:35PM
No. I've always had it in shares. My shares now total 2184 so the figure makes no sense.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Minnie Mouse on 26-02-21, 07:04PM
You might have some free shares in your account, I got 3 different dividend payments into my bank account as had shares in certificate form, shares in tesco share account and some free shares that we used to get yearly before we got paid a cash bonus
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: brucie on 26-02-21, 08:25PM
anybody any idea how you inform tax man about dividend tax payable if you don't do self assessment? thanks.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: lordadmiral on 26-02-21, 10:07PM
Register for self assessment.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Donk180 on 26-02-21, 10:55PM
I hear people have been receiving the dividend today. Why haven’t I recieved mine yet?
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Donk180 on 27-02-21, 09:37AM
I looked in my account today and still no dividend payment. I have 3,100 shares so was expecting a good dividend payment. Have I missed something? Am I supposed to do something before like notify them I’d like it payed into my account? Am I going to get screwed out of the dividend? If someone could point me in the right direction I’d really appreciate it. Asked in my store and knowone has any idea
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Minnie Mouse on 27-02-21, 10:55AM
Brucie you will receive a statement for your dividend for the year and it tells you on it to keep the letter as HMRC may ask to see it for your tax return
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Minnie Mouse on 27-02-21, 11:01AM
Donk180 have you checked that your dividend payment is in cash and not shares as I think it automatically will issue shares unless you change it to cash dividend, you should check your share account and it will tell you if shares or cash payment for dividend hope this helps
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Donk180 on 27-02-21, 11:38AM
Thanks for the reply, I have been playing about with the website and I have 3 forms of shares shares incentive plan, save as you earn and Tesco shares account. I have no shares incentive plan shares. I obviously can’t get a dividend on my save as you earn because I haven’t sold them but I sold one of my save as you earns on the 1/2/21 and it transferred it to the Tesco shares account which is the one I was expecting to get my dividend on. It says “current dividend election:none” but also says “online dividend elections changes are not available for this holding”

Totally at a loss, did I sell the save as your earn correctly to be entitled to the dividend?
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Minnie Mouse on 27-02-21, 12:33PM
Donk180 Your saye did you take the shares and put in tesco account, if showing the shares are sitting in the tesco account then you will get the dividend and your shares will be consolidated down 15 shares for every 19 shares you own but if you still have the same amount of shares that you cashed in the tesco account you will not be getting the dividend as that is what it’s for losing the share that you had so you need to check if your shares have went down, hope you can understand what I mean
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: grim up north on 27-02-21, 01:21PM
I thought people on here said the share price would go up due to the consolidation?
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Donk180 on 27-02-21, 01:22PM
Thanks, ye I kind of understand. I selected the “buy to keep” option 1 on my SAYE scheme that matured solely to get the dividend. My shares got consolidated from 3973 to 3136, I then thought that the dividend would get payed into my account yesterday like I have heard other peoples have and I can’t find any info even on the Equiniti site to tell me that I’m even getting a dividend. Lost quite a bit of cash with the consolidation and now it feels like I’m going to lose even more for not getting the dividend. Do you know of anything I should have done differently as i thought I’d done everything correctly
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Minnie Mouse on 27-02-21, 02:51PM
If your shares have been consolidated then you will get dividend, is your bank account registered if not then they will send out a cheque to your address, go to your shares account and you will find out if they have your bank details, I got 3 different dividend payments into my bank account yesterday hope this helps
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Interstellar on 27-02-21, 05:46PM
From a letter I received today it appears, if you have dividends paid into your bank account, that was done on 26th. If taking the dividend in shares, they should be put into your shareview account on 29th.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Mohamed on 27-02-21, 08:37PM
If you are getting dividends in shares it will show by Tuesday on your share view account.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Wilted20 on 01-03-21, 08:23AM
Quote from: Donk180 on 27-02-21, 11:38AM
Thanks for the reply, I have been playing about with the website and I have 3 forms of shares shares incentive plan, save as you earn and Tesco shares account. I have no shares incentive plan shares. I obviously can’t get a dividend on my save as you earn because I haven’t sold them but I sold one of my save as you earns on the 1/2/21 and it transferred it to the Tesco shares account which is the one I was expecting to get my dividend on. It says “current dividend election:none” but also says “online dividend elections changes are not available for this holding”

Totally at a loss, did I sell the save as your earn correctly to be entitled to the dividend?

Donk,

When you set up a Tesco Share Account, it defaults to ‘paid as shares’ for any dividends. As others have said, you would’ve had to change that to ‘paid as cash’ before the record date of the special dividend.

The consolidated shares have been put into a new Tesco Share Account, which currently has no dividend election selected, nor will it let you change it online, as you found the other day.

Your shares will be added to your account tomorrow.

Hope this helps.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Wilted20 on 01-03-21, 08:25AM
Quote from: brucie on 26-02-21, 08:25PM
anybody any idea how you inform tax man about dividend tax payable if you don't do self assessment? thanks.

Tax on Dividends information can be found here:

https://www.gov.uk/tax-on-dividends
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Donk180 on 01-03-21, 11:18AM
Wilted20. Thanks for that information. Very helpful. I’m guessing the shares added will be at the current share price and not the lower £1.51 SAYE price
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Wilted20 on 01-03-21, 10:13PM
No problem at all.

It will be based on your special dividend value versus the share price at the time of purchase (which I believe is 26th February).

The special dividend information should be available if you:

- Sign into Equiniti
- Choose ‘View’ under ‘Corporate Sponsored Nominee’
- Choose ‘Detail’ under ‘Tesco PLC / Tesco Share Account’
- Scroll down to Dividends
- Click the PDF adjacent to the ‘DRIP dividend’ for February 2021
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: vanguard on 02-03-21, 11:37AM
I don't see that? when I scroll to dividends under corporate sponsored nominee I'm met with: "you don't currently have any dividend information to display here"

All I know is that my share-view portfolio is close to 5k less than it was this time last week, what is going on?
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Ravvers on 02-03-21, 12:15PM
 You need to look at quick links on the right of the page you are viewing , then click on View / download dividend confirmations . Then you should see what dividend is £ wise - I'm in same boat , currently showing around £11,000 down ! I'm hoping the extra shares go into my Tesco share account by close of trade today .
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Wilted20 on 02-03-21, 12:36PM
The CSN dividend amount would be listed under the old share account (pre-consolidation), not your new share account (where your consolidated shares now reside).
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Ravvers on 02-03-21, 05:08PM
Well I don't get it , I'm still over £11,000 down on what I had , nothing has gone in the share account , I was expecting things to change by end of trading today . Pretty certain I'm not getting a share certificate as I instructed all old paper certificates to be transferred to share account , it's really bad service & i'm getting really stressed out now !
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Fair play on 02-03-21, 05:30PM
Have you not rang them to see what is going.
I think we have all been done over to some degree 🥴
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Ravvers on 02-03-21, 05:58PM
I'm going to give it till Monday I think , maybe Equinti are just slow in updating the new share holding . It sure is making me stressed out though & now I've upset me girl friend as i'm getting ratty over it - she has no idea of my investments at the moment so she doesn't know why i'm getting ratty  :(
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: anais on 02-03-21, 06:41PM
I rang today and we should have our dividends in our share account on 4th March if that helps
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Ravvers on 02-03-21, 06:49PM
That's a relief , thanks for letting me know
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: anais on 02-03-21, 07:00PM
My shares are down by 1500, I realy don’t understand how all this works
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: grim up north on 02-03-21, 08:16PM
Quote from: Wirey2020 on 28-01-21, 12:53PM
Quote from: grim up north on 28-01-21, 11:53AM
Share price WILL go up or should?

It’s an educated conclusion, the share price will go up as a result...it will sharply go up to around £3.10 then overtime supply and demand principles (save for any outside interference that may affect the market) will mean that the price will climb steadily.

It didnt or still hasn't
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Ravvers on 02-03-21, 08:27PM
3.10 - that's a laugh that is - I'm pretty certain they won't be hitting 3.10 this year - or next year come to think of it but we can live in hope . On the 7th of January they were doing nicely at 2.46 but this share consolidation rubbish has seen them plunge to just 2.22 , even when I get my dividend i'm still going to be over £3,000 down .
Not happy with my former employer at the moment ,not happy at all  >:D
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Rad on 02-03-21, 10:19PM
If the shares go back to 2.42 we are all level except for the tax paid on the dividends.

Then anything above 2.42 is a bonus.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: sam on 02-03-21, 11:23PM
 :thumbup:
Quote from: anais on 02-03-21, 06:41PM
I rang today and we should have our dividends in our share account on 4th March if that helps
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Scruff on 03-03-21, 09:32AM
Quote
Everyone is going on and on about Dividends Dividends it's just a Brucie Bonus, I personally bought this Stock because it has depreciated to it's lowest level and is beginning to platue.

(Shock horror.) I actually bought a share because it's growth potential! And not! The dividend.

Can you please stop moaning on and on about it and give something constructive- to this board.

Here's three reasons why I'd buy Teeco!
To all the Nay sayers and Aldi fanboys you can't beat the originator.

And yes I know I sound like an @@rsehole but please shut up about Dividends- if you want a pat on the back and Tesco to nurture you go and buy an Electric blanket! I'm here (Personally.) for the Super Low SP ONLY and the growth that will come with it, not for a cuddle and a few quid for Mummy tesco to nurture me.

https://www.theguardian.com/business/2021/mar/02/aldi-and-lidl-lose-out-as-uk-online-grocery-sales-hit-new-heights

https://www.proactiveinvestors.co.uk/companies/news/942686/tesco-increases-grocery-market-share-for-first-time-in-four-years-942686.html

https://www.fool.co.uk/investing/2021/03/02/3-reasons-why-i-think-the-tesco-share-price-could-head-higher-in-2021/ 

Quote"Tesco management look to have a nice approach to adding shareholder value. Spare cash used to reduce the float of the shares making future EPS growth excel by 20%. They are basically giving the money back to the shareholders and hoping they repurchase boosting the share price even more. I see this pull back as being healthy, higher lows and higher highs to come. (that means weve had a 25% jump then a 10% pull back, then hopefully another 25% charge upwards to 280p ish.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: forrestgimp on 03-03-21, 02:21PM
I just got a letter saying they split the shares but i ended up with less, how does that work?
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Rad on 03-03-21, 03:32PM
Everyone with shares got them consolidated down.  You receive a dividend either as cash or as reinvested shares at a value of just over 50p per share.

As far as I can work out, as long as the share price returns to 2.42 , we all break even.

However if you had a lot of shares and your dividend amount for the whole year went over 2k (annual allowance) you are liable to pay tax on the amount over 2k.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: BUY TESLA STOCK on 03-03-21, 03:40PM
Invest in ******* ****** instead?

[admin]Edited to remove 'advertising'.[/admin]
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Ravvers on 04-03-21, 10:48AM
Well i'm happy now , just logged on to Equiniti account & my share holding has not only got back what it lost but I now have 168 extra shares than before the share consolidation - & I was not expecting that - now just need the share price to recover  :)
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: sam on 04-03-21, 11:29PM
same here but i got only 29extra share
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: person7 on 01-04-21, 09:55AM
annoyingly, because im still on the saye and dont have shares yet - we dont get a single penny of this "extra".

worse case scenario when its time, i'll check the share prices, if its bad then i just get all the money i saved, I joined the 3 year plane when it was 1.94 (or was it 1.96) so anything above that is a bonus! lol

but i got a letter in the post off Tesc0 which told me i would not be included as i currently do not hold shares until the saye ends.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Spongbob on 01-04-21, 10:56AM
How is it that every time saye maturity comes around the share price suddenly drops .
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Yasloh on 04-05-21, 07:10PM
What's the take on the share price for Tesco?
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Totot on 04-05-21, 08:55PM
If possible, just sell tesco shares, any price they offer, it just loosing the value, not even idle. Better buy other stock, or if not too panic, get some altcoin, and see yourself within few months, what is better.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: lordadmiral on 04-05-21, 11:47PM
Yeap shares are dipping badly. Dividend is not the worst one but unsteady share price is good for daily traders at most.
I am holding shares since 2008 and i just break even on those old shares  and that's only beacuse 50p dividend. c**p
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: chris9997 on 03-03-22, 10:33AM
I sold some Buy it now shares which were conditional (subject to tax and ni) which is ok however has anyone seen that shares paid  through payrole have an additional share process fee deducted from your wages .which is about 2% so firstly the shares can go up or down if they go up ok if they go down your already on a minus before you sell then shareview takes a cut then the tax man and then tesco takes a cut ! not much of an incentive to invest in tesco. is this actually   a legal deduction of wages?
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: BUY TESLA STOCK on 03-03-22, 02:41PM
Ok so you've a spare penny why would you buy Tesco shares at all. There are far better companies which grow with time or perhaps help Ukraine.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Donk180 on 04-03-22, 06:47PM
With the share price dipping by 25p in just over 2 weeks it's it worth selling shares now to protect what money is there before it crashes further? What's everyone else doing? Lost 2k in 2 weeks and don't fancy losing more
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: BUY TESLA STOCK on 04-03-22, 07:24PM
Buy when others are fearful just NOT Tesco. Hold for long term.  :question: Look at investors like Warren Buffet on YouTube he'll teach you a thing or two. 
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Totot on 05-03-22, 12:38AM
Market is bleeding alot lately, that a sign to buy if you have extra money around.
Tesco share might gone down, but wont be alot compare to other, but the price hardly gone up fast like other either.
Since tesco share not on trader radar, so small chance some trader will short it in big scale.

Me personally will sell tesco stock if i still have some, just a reason of, not want to contribute to ceo and other directors remuneration are good enough, beside there will be always a better option if we look carefully.

Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: barafear on 28-09-22, 01:40PM
The share price has tanked in the last six weeks or so - I know there are "other issues" and that the markets haven't exactly done great - but the Tecso share fall is fairly rapid (50p down in six weeks, or 25% roughly).
I was thinking about whether it was a good time to top up my shares - I decided to do a Google search on what Tesco directors are doing - when directors trade in shares, it all has to be published.
I was horrified at some of the numbers involved - and directors that I'd never heard of!
The amounts are obscene.
And a sea of red - not a single "buy" from a director in the last year (other than some meaningless "regular trade")
I don't profess to understand the details behind all these - I'm not sure Directors are "forced" to sell at certain points in time - a lot of the reasons seem to be given as "tax reasons" - which is a joke in itself.

https://www.hl.co.uk/shares/shares-search-results/t/tesco-plc-ordinary-6.333p/director-deals

Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Hammer10 on 28-09-22, 02:32PM
Considering they all earn probably 3 to 4 times or even more than us on the shop floor shows that they are over paid surely they can't need the money.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: barafear on 28-09-22, 03:39PM
3 to 4 times?
I'm assuming you forgot at least one zero?

Basic salaries for Directors would be close to £1m per year.

Full time shop floor B/C grade worker? Maybe £20k at a push.
So 50 times as much for the basic salary of the director.
And then these "obscene" share awards too.

But Tesco (and every other company) will argue that it is market forces - they need to attract and retain the best staff (directors) and this is what is needed.

Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Totot on 28-09-22, 10:44PM
My prediction, tesco shares will go down even more. The reason, not only global macro economy going down significantly and UK economy is bad and the last twist from Kwarteng had negative impact on market trust. But in my opinion, the worst will be tesco financial report itself, since it rely up on  increasing selling and profit that significantly up before, but mostly it drives from increase of price not volume, and extra profit margin from discount not been used because the lack of clubcard scanned and less discount, in margin price or product quantity.

So, I think even next winter, selling and profit still rising, but the trend will be down, and this might push the share price lower. I won't be surprised if it go down under £ 2 next month or before christmas. With ok-ish financial report and lower £ rate, foreign investor still not bite with this price now.

With low pound value and in the need of increasing cost of operational at least on increasing staff hourly rates on estimation of increasing national living wage, net profit margin will be going down, and it will be sensitive issue.

Regarding directors selling their shares, most of their shares are freebies anyway, they don't see it as investing tool, either free or just want to "adjust" their tax. So sell of will be always expected. It might be good idea to buy tesco shares for mid or long term, mostly if it fall to £ 1.8x or any under £2 while the pound are so weak.

And if you positive enough with UK economy within 3 or more years or big possible less, you might have a nice return compare to investing in other stagnant company based on US$ value, unless pond never get back up  again or even going down hill.

But I think it would never go back to the 2021 high, unless there is something extraordinary things happened or another consolidation.

But talking about investment, these days and within few months, there should be alot more opportunity to invest in other stock that can give really nice return. But the risk are huge too with global recession or even depression looming.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Bobmay on 29-09-22, 06:52AM
I work with somone who brought shares in tesco every month he was putting in around 60 pound an month and got some free shares from tesco as an result.I didnt do that.He lost more than half his money. Tesco will be cutting back on staff and making less profit overall there is no reason to buy shares and waste money in them right now if you do buy an small amount
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Hammer10 on 29-09-22, 08:46AM
Tesco shares are a good idea because you can get what you save back without losing any money so if you can afford a few quid each month for 3 to 5 years but if say the price is higher when they mature you can get a nice bonus if not you have saved without losing any money .
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: londoner83 on 29-09-22, 08:56AM
You can also pull your savings out at any point by cancelling your share schemes. If you can afford to save - its well worth joining up.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: BarryZola on 29-09-22, 05:54PM
Thinking about pulling my money out of Save As You Earn and just sticking it in a savings account for 2.5% interest. I have very little confidence that in 3 years the share price will go past where it was several months ago before it started nosediving (£2.70 ish or something). I'd rather manage the money myself I think. Does anyone think this is stupid?
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: lackofinterest on 29-09-22, 06:37PM
in my opinion the right thing to do is NOT to trust tosco in any shape or form. that includes having shares with them. stick it in your own savings account asap!
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Totot on 29-09-22, 07:31PM
Quote from: BarryZola on 29-09-22, 05:54PMThinking about pulling my money out of Save As You Earn and just sticking it in a savings account for 2.5% interest. I have very little confidence that in 3 years the share price will go past where it was several months ago before it started nosediving (£2.70 ish or something). I'd rather manage the money myself I think. Does anyone think this is stupid?

I think it is better idea, since save as you earn main benefit is stock option, that I think it will be hard to have a good price on option significantly less than the market price in the future. And you have to compare benefit of saye now with opportunity cost of capital, at least with saving account/bond interest rate.
Plus, if using tesco formal stock exchange, is too slow to execute buy or sell and the spread/fee are really high.

Fix rate now is getting higher, and I believe within few weeks, some bank will offer more interest rate.Hampshire Trust Bank offer 4.32% for fixed 2 year just for example( newcastle building trust got some nice offer too). With gov 10 years bond rate on 4.25% and BoE will start printing more money, soon some will offer higher rates than above.

In my opinion, if you have some money around, and some can be lock on long term 1 to 2 years, better put that saye on fix rate, but divided into 2 or 4 lot. First lot lock in the highest rate you can find now, and 2nd lock when you find better rate probably around next month, and watch around december and march if you divided into 4.
Either way, that will be better than keep in saye and buy option tesco stock later on in my opinion.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: BarryZola on 29-09-22, 07:37PM
Yes, I think we are on the same wavelength. Thanks for your thoughts guys  :thumbup:
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Alvor the grear on 07-10-22, 03:52PM
How do you pull out of a SAYE scheme? I want to finish my 2021 SAYE and potentially do 2022 as option price will be significantly better.  I have a share view account but can't find this on there. Thanks.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: arlo on 08-02-23, 02:52PM
Anyone had any correspondence about the SAYE that matures 1st of March?
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Gorgeous69 on 08-02-23, 07:25PM
Nothing yet
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: madness on 09-02-23, 02:00PM
Regardless of how much you hate the company (as everyone here seems to) you should take advantage of the SAYE scheme at every opportunity. You get the initial price at 5-10% discount to current price and its  literally a free bet on the stock market. Heads you win tails you draw. (minus the opportunity cost of those funds)
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: BritishRacingGreen on 09-02-23, 02:40PM
 :thumbup:
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: barafear on 09-02-23, 03:33PM
Quote from: madness on 09-02-23, 02:00PMRegardless of how much you hate the company (as everyone here seems to) you should take advantage of the SAYE scheme at every opportunity. You get the initial price at 5-10% discount to current price and its  literally a free bet on the stock market. Heads you win tails you draw. (minus the opportunity cost of those funds)

The only other "downsides" are it "ties" you into working for Tesco for that period of time - of course, you can leave at any time and you get your money back - but you lose the option to buy the shares - and if the current market price is "in excess" of your option price you would "potentially" be giving up a profit - altho at any point in time, that can be factored into your decision making - i.e. get a new job with a £3000 pay rise and better more sociable hours - that might be worth giving up a "potential" free profit on the SAYE scheme!!

The other "flipside" would be now that interest rates have "crept" up - potentially you're forgoing the opportunity to earn interest on your monthly contributions - potentially 7% a year!
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: madness on 09-02-23, 03:42PM
Hence my oportunity cost point as yes interest rates are worth something now.


Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: barafear on 09-02-23, 11:39PM
Sorry I read the "opportunity" in your thread as mean "opportunity of spending it on something to buy" not saving or investing elsewhere
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: person7 on 17-02-23, 01:08AM
I forgot to sign up again October just gone as I didn't know my 3 years was up as it said march 2023 so I mucked up this year lol.

Anyway, its my first time and I did try to find an answer but not seen it yet unless I missed it.  What DO you do when you get access to it?

e.g. HOW do you "sell as shares" or just get your money back?

e.g. worst case scenario I should be getting the money I saved up with no "bonus" best case scenario I will make (estimated £120 profit) from shares.. but not sure what the process is, and what to do next? is it simple as pressing a "yes no" button?

I just don't want to muck things up lol. - as its paying higher then my bank (well until the new 5% account I got) but missed the save as you earn this round hopefully I'll remember to do it next October.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Totot on 17-02-23, 12:25PM
Go to your tesco account, proceed to benefit and reward, go to your share, and there will be link to your account in the exchange. And sell your share. Money will be in your bank account within few days, but I did it years ago. It might change though.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: person7 on 18-02-23, 12:12AM
Thanks, I checked again (as I did that in first place but couldn't find anything) and I now have a NEW button "maturity instruction".

It wasn't there before in the past 2 times visiting since my payments stopped, so I wasn't sure what to do lol

Just managed to click few boxes saying I want to sell and have money transferred.

Says it will take 10 working days after matured and shares are sold (so I'm guessing basically 2 weeks into March as it says 1st March is maturity date) - was simpler than I thought.. - just when I tried a few times there was no information but seems I just had to wait for the "maturity instruction" button to appear.

Works out 16% interest IF I get the projected amount, not too bad when you compare the bank savings accounts lol.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: madness on 18-02-23, 07:39PM
You should wait until the date incase the share price drops and you want to take your money.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: arlo on 01-03-23, 06:08PM
Did shares sell today ?
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: person7 on 02-03-23, 11:45PM
I was just coming to ask same thing.   Just noticed my accounts say £0 - can't see any shares or even how much it SOLD for or anything!

I assume it will appear in my bank soon but would like to see when/how much profit I made! got debts to pay off asap since Covid f'd me over (I have health issue meaning Tesco didn't allow me to work - so only got paid for my contract hours, so only got paid for 6 hours a week to live off even though I normally work 16+ on overtime shifts).
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Teraza51 on 02-05-23, 01:53PM
Hi not sure if u guys can help. I know this isn't the right subject but I am having trouble selling my shares it keeps asking for share number certificate which I haven't got . Previously when I have sold some I could sell them through shareview. Any help would be appreciated.

QuoteThis post moved here by Admin.
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: Lucifer on 04-05-23, 04:29PM
Ring them up they are really helpful and will give you the number you need
Title: Re: Re: Tosco Shares - Buy or Sell?
Post by: arlo on 23-06-23, 09:51AM
Dividend day guys