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Author Topic: Re: Tosco Shares - Buy or Sell?  (Read 28508 times)

Fair play

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Re: Tosco Shares - Buy or Sell?
« 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 🤗
« Last Edit: 28-11-20, 02:46PM by Nomad »

Scruff

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Re: Re: Tosco Shares - Buy or Sell?
« Reply #1 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?

Fair play

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Re: Re: Tosco Shares - Buy or Sell?
« Reply #2 on: 07-10-20, 07:12PM »
I rang the helpline today . Will be paid 51p a share 22 November

notsofunny

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Re: Re: Tosco Shares - Buy or Sell?
« Reply #3 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 ?

Rad

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Re: Re: Tosco Shares - Buy or Sell?
« Reply #4 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
 

Rad

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Re: Re: Tosco Shares - Buy or Sell?
« Reply #5 on: 08-10-20, 09:36AM »
The 51p one may be additional after the sale goes through I guess.
 

grim up north

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Re: Re: Tosco Shares - Buy or Sell?
« Reply #6 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?

notsofunny

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Re: Re: Tosco Shares - Buy or Sell?
« Reply #7 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 ,

grim up north

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Re: Re: Tosco Shares - Buy or Sell?
« Reply #8 on: 08-10-20, 11:43AM »
Thanks for the info

Rad

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Re: Re: Tosco Shares - Buy or Sell?
« Reply #9 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.
« Last Edit: 20-10-20, 10:34AM by Rad »
 

Rad

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Re: Re: Tosco Shares - Buy or Sell?
« Reply #10 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.
 

BlueToon

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Re: Re: Tosco Shares - Buy or Sell?
« Reply #11 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) ???

lordadmiral

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Re: Re: Tosco Shares - Buy or Sell?
« Reply #12 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
« Last Edit: 22-10-20, 11:35AM by Nomad »

Rad

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Re: Re: Tosco Shares - Buy or Sell?
« Reply #13 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.

 

barafear

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Re: Re: Tosco Shares - Buy or Sell?
« Reply #14 on: 22-10-20, 03:21PM »
where are people getting the info about the share consolidation?

notsofunny

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Re: Re: Tosco Shares - Buy or Sell?
« Reply #15 on: 22-10-20, 10:21PM »
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 ,

« Last Edit: 22-10-20, 10:33PM by notsofunny »

alf

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Re: Re: Tosco Shares - Buy or Sell?
« Reply #16 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.
« Last Edit: 22-10-20, 10:40PM by alf »

Rad

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Re: Re: Tosco Shares - Buy or Sell?
« Reply #17 on: 23-10-20, 09:38AM »
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. 



 

notsofunny

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Re: Re: Tosco Shares - Buy or Sell?
« Reply #18 on: 23-10-20, 04:27PM »
So it's all Google talk ...

Rad

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Re: Re: Tosco Shares - Buy or Sell?
« Reply #19 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. 
« Last Edit: 23-10-20, 08:10PM by Rad »
 

notsofunny

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Re: Re: Tosco Shares - Buy or Sell?
« Reply #20 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.


Rad

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Re: Re: Tosco Shares - Buy or Sell?
« Reply #21 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.


« Last Edit: 24-10-20, 01:07AM by Rad »
 

notsofunny

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Re: Re: Tosco Shares - Buy or Sell?
« Reply #22 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

grim up north

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Re: Re: Tosco Shares - Buy or Sell?
« Reply #23 on: 28-11-20, 12:59PM »
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?

gomezz

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Re: Re: Tosco Shares - Buy or Sell?
« Reply #24 on: 28-11-20, 02:12PM »
All of them these days in this online connected world.
"The progress of the kart is more important than its direction"