Tesco Share Price Drop...

[Butts]

Isn't it amazing Tesco have a slightly sticky patch and the shares tumble.

Forget the fact they are going to make over THREE BILLION pounds this year.

How fickle the City is.

One of the most interesting aspects was the two Directors who sold some shares at a tidy profit before the sales figures caused the plunge. Not the fact that anything dodgy was afoot but the fact each sold only about 5% of their holdings which realised £250,000.

Yes folks 5% = £250,000 so I'll leave it to a mathemetician to tell us how many MILLION their total holding is worth.

God knows what Terry what his name the ex chief holds if a couple of minor Directors are that wedged up

 

[Badger]

Yes folks 5% = £250,000 so I'll leave it to a mathemetician to tell us how many MILLION their total holding is worth.

Only £5m.

I'm saddened by this revelation as they might not open their Wolverhampton store now. I don't want it for the store so much as for the renevation of the Royal Hospital and the surrounding All Saints area, it really needs it.

 

[Eagle]

Only £5m.

And the share price falling has devalued Tesco by a thousand times that amount.

 

[Xenophon PCDGS]

Tesco seem to be the retail equivalent of Manchester United in terms of how much hate they engender amongst the general public. Headlines about Tesco like this tend to cheer people who have no liking for their way of doing business and their seemed ability to over-ride any planning committee when it comes to new store development.

Even the Lancashire Cricket Club development plan to ensure that their ground could host Test Matches on the same basis as in the past, was tied to a massive Tesco development on adjoining land.

 

[jopsuk]

The most amusing bit is that "Christian Voice", the organisation that consists of little more than insane media-whore Stephen Green, are claiming victory from their campaign of prayer that they launched after Tesco decided to sponsor a gay pride march. The story is here (be warned that they are bats*** insane evangelicals)

 

[43021HST]

That brings good news to the Oxford road in Reading where Tesco planned on opening a store there. In doing so they would have killed off the abundence of little shops along that road. Tescos plans have been thwarted and I'm thankful for small mercies, but for how long?

 

[Hydro]

The most amusing bit is that "Christian Voice", the organisation that consists of little more than insane media-whore Stephen Green, are claiming victory from their campaign of prayer that they launched after Tesco decided to sponsor a gay pride march. The story is here (be warned that they are bats*** insane evangelicals)

I was in the audience for an episode of Question Time which had that madman on the panel. He's a bit touched in the head.

 

[ACE1888]

The British 'mentality' of 'lets knock anything that's a success' . Tesco have been on an 'upward' rollercoaster for years, the share price will bounce back sooner rather than later...at least by May when I sell my next lot
Me 'hard at work' at Tesco for you Folks...
http://www.facebook.com/photo.php?f...56099090603.2011010.1469636110&type=3&theater

 

[ralphchadkirk]

The most amusing bit is that "Christian Voice", the organisation that consists of little more than insane media-whore Stephen Green, are claiming victory from their campaign of prayer that they launched after Tesco decided to sponsor a gay pride march. The story is here (be warned that they are bats*** insane evangelicals)

What a horrible little group.

 

[theblackwatch]

What a horrible little group.

And reading http://en.wikipedia.org/wiki/Christian_Voice_(UK) he sounds even worse.

 

[DaveNewcastle]

Isn't it amazing Tesco have a slightly sticky patch and the shares tumble.

Time to buy, I'd say.
If you have to seel something else to fund it, then sell any holdings in mining/resources such as BHP Billiton or Kazakhmys.

. . . . the share price will bounce back sooner rather than later...at least by May . . . .

I expect that's about right too.

 

[MidnightFlyer]

And reading http://en.wikipedia.org/wiki/Christian_Voice_(UK) he sounds even worse.

According to that, abortion is comparable to the Holocaust... No, it really isn't. What a berk.

 

[Greenback]

The British 'mentality' of 'lets knock anything that's a success' . Tesco have been on an 'upward' rollercoaster for years, the share price will bounce back sooner rather than later...at least by May when I sell my next lot
Me 'hard at work' at Tesco for you Folks...
http://www.facebook.com/photo.php?f...56099090603.2011010.1469636110&type=3&theater

The dislike of Tesco has little to do with their success in my opinion, and absolutely nothing to do with their staff, who are very good in my experience.

All of the large supermarket chains are successful, it's just the degre of success (as measured in monetary terms) that differs. yet there is not the degree of dislike for Asda (despite being part of Wal Mart), or Sainsbury or Morrisons that there is for Tesco.

I think that is largely down to the way that Tesco seem to always get what theyw ant when it comes to planning, whereas the others do not seem quite so, er, influential. I also think it has something to do with the quality of the fresh food at Tesco, which to my tastes is just not as good as their competitors. (The local market is the best, though!).

That said, a lot of people must be hypocrites like myself, and despite a big dislike of the Tesco brand still shop there on occasion!

 

[MidnightFlyer]

And reading http://en.wikipedia.org/wiki/Christian_Voice_(UK) he sounds even worse.

Don't miss this http://www.youtube.com/watch?v=AYxY39GL64Y either

 

[SS4]

The dislike of Tesco has little to do with their success in my opinion, and absolutely nothing to do with their staff, who are very good in my experience.

All of the large supermarket chains are successful, it's just the degre of success (as measured in monetary terms) that differs. yet there is not the degree of dislike for Asda (despite being part of Wal Mart), or Sainsbury or Morrisons that there is for Tesco.

I think that is largely down to the way that Tesco seem to always get what theyw ant when it comes to planning, whereas the others do not seem quite so, er, influential. I also think it has something to do with the quality of the fresh food at Tesco, which to my tastes is just not as good as their competitors. (The local market is the best, though!).

That said, a lot of people must be hypocrites like myself, and despite a big dislike of the Tesco brand still shop there on occasion!

Pretty much hit the nail on the head there. I personally do not shop at Tesco but that's only because Asda and Sainsbury's are much closer. I've found that a fair few of their own brand product are exactly the same but in different wrappers!

The most amusing bit is that "Christian Voice", the organisation that consists of little more than insane media-whore Stephen Green, are claiming victory from their campaign of prayer that they launched after Tesco decided to sponsor a gay pride march. The story is here (be warned that they are bats*** insane evangelicals)

Why let a pesky thing like evidence get in the way of one's pre-determined fantasies? :roll:

Don't miss this http://www.youtube.com/watch?v=AYxY39GL64Y (NSFL) either

L being Life in this case.

Why hasn't natural selection killed these people off yet?! :cry: I can only hope

 

[NSEFAN]

Isn't it amazing Tesco have a slightly sticky patch and the shares tumble.

Forget the fact they are going to make over THREE BILLION pounds this year.

How fickle the City is.

As pathetic as it seems, the system is based on confidence. How much they make is largely irrelevant.

To make matters worse, it's giant corporations like Tesco that define our economy. Since we no longer have any gold to prop up the pound (thanks to a certain Mr Brown), a decrease in value for Tesco has knock on effects for the population as a whole.

The most amusing bit is that "Christian Voice", the organisation that consists of little more than insane media-whore Stephen Green, are claiming victory from their campaign of prayer that they launched after Tesco decided to sponsor a gay pride march. The story is here (be warned that they are bats*** insane evangelicals)

Just an excuse for some nutter to stroke their ego. Prayer has been proven to have no statistical significance in getting results.

Why hasn't natural selection killed these people off yet?! I can only hope

Give it time. The majority of modern Christians are reasonable, sensible people. It's just the nutters who have to be dragged kicking and screaming out of the dark ages. :roll:

 

[Butts]

The dislike of Tesco has little to do with their success in my opinion, and absolutely nothing to do with their staff, who are very good in my experience.

All of the large supermarket chains are successful, it's just the degre of success (as measured in monetary terms) that differs. yet there is not the degree of dislike for Asda (despite being part of Wal Mart), or Sainsbury or Morrisons that there is for Tesco.

I think that is largely down to the way that Tesco seem to always get what theyw ant when it comes to planning, whereas the others do not seem quite so, er, influential. I also think it has something to do with the quality of the fresh food at Tesco, which to my tastes is just not as good as their competitors. (The local market is the best, though!).

That said, a lot of people must be hypocrites like myself, and despite a big dislike of the Tesco brand still shop there on occasion!

Changed days indeed from when I was a Saturday Boy at Tesco in the late seventies(also thurs/fri nights)

Tesco was downmarket in those days and Sainsburys was no 1 !!

Strange to think the store closed at about 6pm each night and was closed on Sundays.

I well remember my lovely maroon nylon jacket and 70p per hour

Boys were not allowed on the tills only Girls.

 

[Peter Mugridge]

Boys were not allowed on the tills only Girls.

And I wish they still were!

Being a bloke I probably shouldn't say this, but it's always been the male checkout assistants who screw up one way or the other when I have had checkout provess problems, never the female ones - so I always seek out a female operated checkout even if it means queueing up a little bit longer.

So, sorry fellow men, but there are some things we should not be attempting!

 

[Nym]

Oh thanks, so everyone I trained on till operation was useless then...

I knew how to use the till better than most of the female staff, who where always asking me, "How do I do this?"

Conversely do you only use shelves stacked by boys? (Although I found that non-supervisory staff, it was the younger girls who did a better job, or the oldish woman)

 

[Peter Mugridge]

Well in that case Nym please could you transfer to the store I shop at and teach the blokes there how to scan things properly...

 

[Eagle]

Yes but Nym isn't your average male *ducks*

 

[Nym]

If only I still worked in retail, the only time I'll be returning to it is next summer... it's soul destroying thanks to management...

Yes but Nym isn't your average male *ducks*

What you mean birdie? Not average in what way? Gay? Engineer? Knows what he's doing?

Can't throw things at someone that flies...

 

[jon0844]

That brings good news to the Oxford road in Reading where Tesco planned on opening a store there. In doing so they would have killed off the abundence of little shops along that road. Tescos plans have been thwarted and I'm thankful for small mercies, but for how long?

And they failed to get planning for a store in Welwyn Garden City, although someone working for the property developer (which Tesco owns, Spenhill) was alleged to have said something along the lines of 'good luck living with a derelict site for the next 25 years'.

They bought the land (like they do) and have sat on it, letting the land rot, so as to force the council to back down. The council didn't back down, this time, but Tesco will bide its time and try again.

I don't hate Tesco, but in the last year, I spent very little with them (and that shows as I only got one Clubcard voucher in the last six months!). The staff are fine, but I don't like a lot of things about how Tesco works - from how it treats suppliers to pricing and promotions (from suspect offers to making suppliers fund them) as well as the extortionate prices it used to charge my company for getting a product put on the shelves etc.

I also didn't like their plans to replace most tills with self checkouts, although I believe they've backtracked on that as they had a lot of negative feedback. They have a place, but they can be a pain for large shops and it also came at the expense of a lot of jobs that we need.

I've also stopped flying with Ryanair, so maybe they'll be hit next!!

 

[Eagle]

Knows what he's doing?

That one... :P

 

[Butts]

And they failed to get planning for a store in Welwyn Garden City, although someone working for the property developer (which Tesco owns, Spenhill) was alleged to have said something along the lines of 'good luck living with a derelict site for the next 25 years'.

They bought the land (like they do) and have sat on it, letting the land rot, so as to force the council to back down. The council didn't back down, this time, but Tesco will bide its time and try again.

I don't hate Tesco, but in the last year, I spent very little with them (and that shows as I only got one Clubcard voucher in the last six months!). The staff are fine, but I don't like a lot of things about how Tesco works - from how it treats suppliers to pricing and promotions (from suspect offers to making suppliers fund them) as well as the extortionate prices it used to charge my company for getting a product put on the shelves etc.

I also didn't like their plans to replace most tills with self checkouts, although I believe they've backtracked on that as they had a lot of negative feedback. They have a place, but they can be a pain for large shops and it also came at the expense of a lot of jobs that we need.

I've also stopped flying with Ryanair, so maybe they'll be hit next!!

You don't like the famous riposte.....

"Unexpected item in the bagging area" - famously ignored by AWT seemingly.

 

[jon0844]

I don't mind using the self checkouts, but they're a pain when scanning light items (e.g. a birthday card) or items that are tagged, or need approval etc. It's not easy to steal, unless you've got the guts to simply not scan an item and put it somewhere else, away from the scales.

If it didn't take so long for staff to come over (often they aren't at their station, so you need to try and find them!) then it would be better.. but they then wander off quickly, sometimes before they've even fixed the problem (they log in, think they've fixed it and are gone almost as if by magic). That's not just a problem in Tesco though, as Asda staff seem worse (in my own personal experience).

Given the speed of scanning in Aldi, or being able to self scan as you shop in Waitrose, I really gave up in Tesco. When they wanted you to use the self checkouts, it was clear how they'd reduced staffed tills at certain times of the day - and the 'one in front' service was clearly ditched years ago. Now they're quite happy to have you queue.

Sadly, like many large companies, they can get to be huge and then people actually DO finally stand up for themselves and vote with their feet. It will happen with Apple, I am convinced (although the lack of Steve Jobs may be one significant factor, as against people simply deciding Apple is no longer cool). I speak as a pretty big Apple fan boy!

 

[Ivo]

There were plans for a new Tesco Express in Bath recently, and works began in earnest. But, only the foundations were completed, and nothing else happened. Now, the signs saying "Tesco Express" have been removed, and no work has taken place for quite a while...

 

[jon0844]

Tesco (and Spenhill) usually get their way, at least unless the law is changed to prevent land banking - which isn't just sitting on land until it goes up in value, but sitting on land that is left to look like a major eyesore until the owner can get whatever it wants.

 

[WillPS]

I wouldn't count on Tesco rallying back on its market share any time soon.

The simple fact is - nobody knows what it stands for anymore. Their slogan is "Every Little Helps" and whilst iconic I have no idea what relevance it has any more. Which aspect do Tesco deliver a little extra on?

Service? Newp.
Product range? Newp.
Price? Newp.
Product quality? Newp.

I literally have no reason to shop there - so nevermind the "little" things, identify a big thing first!!

For comparison, I can clearly identify what the other's are about:
ASDA - prices and good service
Sainsbury's - product range and affordable luxury
Morrisons - fresh food and bespoke store feel (not to my liking mind!)
Waitrose/M&S - superior quality

The only thing Tesco have going for them is Clubcard - but they've failed to innovate further on the concept in the last decade. There's no buzz about it any more - whereas JS continue to innovate with things like the Catalina vouchers which just help to make the scheme feel fresh.

This, coupled with their over-reliance on high end non-food is going to do them no favours. It took JS 10 years to find their way out of their legacy issues & decline and back in to innovation and growth.

 

[Nym]

Sainsburies are going down the same kind of lines as tesco are going down now, and WHSmith Travel went down a long time ago, and the're loosing their brand image because of it. Rather than selling what customers want that keeps them in good image, the're selling what they can make the most profit on and that is driving their sales space, this can be seen in any WHSmith Travel (look on railway stations) where they have

FSDU Sold Space (Small wheeley things 0.4m wide)
Range Rotated Sold Space (Usually the top shelves in confectionary)
Perminant sold space (Ever wondered why cadbury's fell to hand so easily?)
Magazine sold space (Thats why the're on the news stand)
High Impact FPF, Offer, Island End, Flash Pannels, etc. Sold Space
TPC (Till Point Conversation) Sold Space (If you don't ask if you want this for £1 etc etc. you'll be on a disciplinary for it, even though it takes you five times longer to serve someone who clearly doesn't want it)

And now...

Clip Strip Sold Space, that I have also seen in Tesco, and for stock that you really just can't put on clip strips (Them plastic things you hang up)

And to anyone who wonders why I know this, read up a lil, used to work in this industry, and I'm bloddy good at my job (or what it used to be).