Discussion
I bought a pile at 196p. Not playing out as I'd thought.... They do have father to fall. From a quick punt, I think it's now a 5 year investment. They're not going anywhere, but the effect of the Aldi/Lidl has been underestimated in the supermarket market. I also underestimated the reputation in the markets of lying about the earnings. This is the difference between Tesco and Barclays during their drop. No one can predict short/medium term, but as a value & divis proposition they have to be worth low/mid 200s...
catfood12 said:
I bought a pile at 196p. Not playing out as I'd thought.... They do have father to fall. From a quick punt, I think it's now a 5 year investment. They're not going anywhere, but the effect of the Aldi/Lidl has been underestimated in the supermarket market. I also underestimated the reputation in the markets of lying about the earnings. This is the difference between Tesco and Barclays during their drop. No one can predict short/medium term, but as a value & divis proposition they have to be worth low/mid 200s...
What's the saying..... An investment is a trade gone wrong! I'm in the same boat though.... If it hits 1.50, I'll likely go in again.... Even Buffett got this one wrong!
isleofthorns said:
catfood12 said:
I bought a pile at 196p. Not playing out as I'd thought.... They do have father to fall. From a quick punt, I think it's now a 5 year investment. They're not going anywhere, but the effect of the Aldi/Lidl has been underestimated in the supermarket market. I also underestimated the reputation in the markets of lying about the earnings. This is the difference between Tesco and Barclays during their drop. No one can predict short/medium term, but as a value & divis proposition they have to be worth low/mid 200s...
What's the saying..... An investment is a trade gone wrong! I'm in the same boat though.... If it hits 1.50, I'll likely go in again.... Even Buffett got this one wrong!Why would they go up?
Simpo Two said:
speedyguy said:
At least now they own it no else will consider opening a supermarket there ?
We need one to keep the local CoOp honest - currently they are getting worse and more expensive!As in the shelf of Strongbow I saw recently where they hadn't removed the old price tag.
Old price tag: '£7.50'
New price tag: 'ONLY £8.00'.
ked and realise that most people who shop there do so because it is the nearest. One near me is full of students - it is the nearest place for them and so the prices have gone up as students don't give a toss. catfood12 said:
I bought a pile at 196p. Not playing out as I'd thought.... They do have father to fall. From a quick punt, I think it's now a 5 year investment. They're not going anywhere, but the effect of the Aldi/Lidl has been underestimated in the supermarket market. I also underestimated the reputation in the markets of lying about the earnings. This is the difference between Tesco and Barclays during their drop. No one can predict short/medium term, but as a value & divis proposition they have to be worth low/mid 200s...
Pretty much my thoughts as well.jonah35 said:
Could they just crumble to a pound and get another profit warning as they have to cut margins and aldi keeps growing? Could the reduced division mean loss of appetite from investors?
Why would they go up?
their balance sheet gives a higher value than their current market cap - so, the shares are trading at a discount to assets and their p/e has dropped from 10+ to only 7.5!Why would they go up?
they'd have to really try to screw it up further from here
With some new ideas and their market share tesco could easily turn things around. Easier said than done. Their future lies in home delivery and smaller local stores. Big stores were the thing off the 90s and early 2000s.
Could they convert some of their biggest stores into delivery warehouses? Lots of parking for delivery trucks. Less staff, so cheaper prices meaning that they can compete with Aldi/Lidl and even offer same day service. I'm no shopkeeper but that would seem like a cracking idea.
Could they convert some of their biggest stores into delivery warehouses? Lots of parking for delivery trucks. Less staff, so cheaper prices meaning that they can compete with Aldi/Lidl and even offer same day service. I'm no shopkeeper but that would seem like a cracking idea.
Simpo Two said:
We need one to keep the local CoOp honest - currently they are getting worse and more expensive!
As in the shelf of Strongbow I saw recently where they hadn't removed the old price tag.
Old price tag: '£7.50'
New price tag: 'ONLY £8.00'.
As long as they're not saying, "reduced from" and a higher price they're doing nothing wrong.As in the shelf of Strongbow I saw recently where they hadn't removed the old price tag.
Old price tag: '£7.50'
New price tag: 'ONLY £8.00'.
"Only" implies that somewhere else is selling it at a higher price, or you're buying 10 cans for "Only £8" where you might expect it to be £10
johnfm said:
Co-op is quite expensive. Financially they're a bit fked and realise that most people who shop there do so because it is the nearest. One near me is full of students - it is the nearest place for them and so the prices have gone up as students don't give a toss.
Interesting stuff going on at Co-op.ked and realise that most people who shop there do so because it is the nearest. One near me is full of students - it is the nearest place for them and so the prices have gone up as students don't give a toss. When you say the grocery business is "a bit f
ked", are you actually referring to the Co-op bank? Which was bailed out internally by the sale of other group businesses?Gassing Station | Finance | Top of Page | What's New | My Stuff