UK 04:47 Monday, 5 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
News that Tesco (TSCO) had overstated its profits, prompting a near 12% collapse in the share price was good reason to caste the valuation measure over the shares at 203p. – last seen. I learnt from my A level English literature that the essence of tragedy – the real Greek kind – is to fall from a great height. That makes Tesco and its shares a real Greek tragedy!
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Comments
walter
To know whether Tesco share price has bottomed out, one should look at the second biggest retailer Carrefour. Both have similar business model in terms of operating overseas.
Carrefour was in a similar position when the business has grown too fast, its share price peaked at 80 euros/share in 2000, and have touched a historic low of 13 euros/share in 2012, a whooping 80%.
You can see for yourself http://www.reuters.com/finance/stocks/chart?symbol=CARR.PA.
Hope Tesco management is paying attention to what has happened to Carrefour is happening to them right now.