Tesco (#TSCO) FY numbers - some signs of Q4 recovery, L4Ls positive
- 2016-04-12 23:25:43
UK 02:48 Monday, 5 October 2026
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Hello Share Surfers. The old Footsie fell 2.5% on a day which began rather well. Why? Well, according to the media, the European Central Bank 'failed to deliver on market expectations for an increase in monthly asset purchases.’
Hello Share Shunters. Well, I’m having a terrible week. My new bed from Tesco (TSCO) arrived with a vital part missing. Then the Internet connection to my new home in York failed to work. And then...oh, never mind let’s look at Tesco.
Which of the following do you believe is more important as a guide to Tesco’s (TSCO) corporate well-being?
Hello Share Twiddlers. I hold shares in Tesco (TSCO). I have written before on this lip-smacking site in anticipation of a big recovery after disastrous figures. But now I am not so sure.
Well hello again a 225p Tesco (TSCO) share price. Friday’s trading update still has plenty of grim headline news contained within it (-1.3% UK like-for-like sales performance and a general food retail market that is ‘still challenging and volatility is likely to remain a feature of short-term performance’) but Tesco shares had a better day.
It is perhaps just as well that my remit at Shareprophets is largely focused on the technical side, as it can be said for Tesco’s (TSCO) fundamentals that despite Dave”Drastic” Lewis attempts to turn this situation around, it is difficult to see a happy ending here.
It might be a heavy corporate earnings results day around the world but for tomorrow’s business pages the lead story is already obvious following the disclosure earlier by Tesco (TSCO) that it lost a cool £6.4 billion in the last full financial year.
I note that I reviewed Tesco (TSCO) shares in January when they had sunk to 180p. It was a fairly full note and most of the argument it included still informs any appraisal of Tesco shares even if they have climbed 32% since then. I took a long term positive view on the shares and see that the market has compressed that long term into a matter weeks.
Hello Share Twisters. I opined a few weeks ago that the best course, given the disastrous fall of oil and mining companies, is to focus on firms which don't sell the black stuff or minerals.
I suggested here some time ago, that the Tesco (TSCO) dividend payout looked vulnerable, so news that the company will not be paying a final dividend is not surprising. Last year to February 28 2014, the company reported £2.8 billion of operating cash, most of which went in to capital expenditure (£2.88 billion) leaving the annual dividend cost uncovered by operating cash. So the decision to cancel the final dividend and reduce annual expenditure to an annual amount of £1 billion by next year looks logical and rational – and thus I would of thought, encouraging to markets and potential investors.
As Tesco (TSCO) shareholders celebrate the return of a share price that begins with a ‘2’ what should we think of the turnaround plan rolled out by the company’s newish CEO Dave Lewis?
