07-10-2015, 07:57
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#1
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Tesco profits plummet
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07-10-2015, 10:16
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#2
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Bah Humbug!!
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Re: Tesco profits plummet
It's not as bad as it sounds though.
Quote:
Britain’s biggest supermarket posted £354m in operating profits for the first six months of the year, 55pc lower than the £779m last year, excluding income from Tesco’s now sold South Korean business.
Pre-tax profit was £74m, compared to a £19m loss last year
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They still made a profit compared to last year.
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07-10-2015, 10:23
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#3
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Re: Tesco profits plummet
Their shares are up 5p. It just depends what story you want to tell as to which figures you decide to use.
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07-10-2015, 10:28
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#4
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Re: Tesco profits plummet
The discounters are obviously making inroads but l see Sainsbury's profit forecasts for the year are apparently going to be better then the forecasts and one suspects Tesco even though their profits were much less l suspect in a years time their profits will have increased quite a bit compared to these last couple of years one imagines as they battle back.
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“The only lesson you can learn from history is that it repeats itself”
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07-10-2015, 10:31
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#5
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R.I.P.
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Re: Tesco profits plummet
I was chatting to a friend who is 82. He was saying he has shares with tesco. If he had sold them a little over 2 years ago he could have gotten almost £440 a share and he has 144 of them. They are now worth around £1.85 per share.
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07-10-2015, 10:33
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#6
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Re: Tesco profits plummet
Yes that's the thing with shares as they can go down as much as they can go up.
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“The only lesson you can learn from history is that it repeats itself”
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07-10-2015, 10:44
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#7
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Re: Tesco profits plummet
Yes I know that too well. I sold my shares in Bradford & Bingley in 2004 because I needed money urgently. Had I waited a year, I could have had £1500 instead of the £750 I got.
I don't use Tesco that much myself personally, used to be go there at least 6 days a week, now it is only once a week if that I go in there.
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07-10-2015, 10:54
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#8
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Re: Tesco profits plummet
Apart from fresh fruit , veg and meat we tend to shop online as we are always getting money off vouchers but we have no loyalty to any of them.
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“The only lesson you can learn from history is that it repeats itself”
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07-10-2015, 11:13
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#9
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067
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Re: Tesco profits plummet
Our shopping habits have changed quote radically recently. We used to always shop at ASDA or Tesco but the prices are ridiculous really.
Now, we do normal shop at Aldi/Lidl for non perishables such as rice/noodles etc.
We go to a large butchers called Bowlams (Anyone in the north east will know this place!!)
Fruit and veg we get from a farm shop about two minutes away.
Washing liquid/Fabric softener we go and buy in bulk from Makro
Saves a fortune, even when you've added in petrol etc.
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07-10-2015, 12:50
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#10
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Re: Tesco to cut price of milk
The main reason why Tesco is losing money, is because they are too expensive.
I have TWO Tesco stores within a mile of each other. And an Asda across the road from me.
There are too many large stores within a small space.
I can normally buy Four bottles of Newcastle Brown for 4.99 in Tesco, they charge 6.00
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07-10-2015, 12:57
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#11
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laeva recumbens anguis
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Re: Tesco profits plummet
Quote:
Originally Posted by alanbjames
I was chatting to a friend who is 82. He was saying he has shares with tesco. If he had sold them a little over 2 years ago he could have gotten almost £440 a share and he has 144 of them. They are now worth around £1.85 per share.
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I assume you mean £4.40, not £440?
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07-10-2015, 13:45
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#12
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Re: Tesco to cut price of milk
Quote:
Originally Posted by Arthurgray50@blu
The main reason why Tesco is losing money, is because they are too expensive.
I have TWO Tesco stores within a mile of each other. And an Asda across the road from me.
There are too many large stores within a small space.
I can normally buy Four bottles of Newcastle Brown for 4.99 in Tesco, they charge 6.00
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Yes, in Stevenage we have 2 Tesco Extras, 2 Tesco Express stores, 1 big ASDA store, 1 small Sainsbury's store and 1 big Sainsbury's store. Plus an good size but very average Waitrose. Only supermarket not in town is Morrisons.
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07-10-2015, 13:56
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#13
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Re: Tesco profits plummet
We are lucky down here as we have them all plus a big B&M's store just over the bridge.
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“The only lesson you can learn from history is that it repeats itself”
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07-10-2015, 13:59
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#14
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Re: Tesco profits plummet
Since they're listed on the FTSE 100 index, a hell of a lot of people effectively 'own' Tesco shares indirectly via their pension schemes. Then of course there'll be the thousands of employees whose personal investments in the company's share scheme will have been badly hit by the falling share price.
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07-10-2015, 16:42
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#15
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Re: Tesco profits plummet
Quote:
Originally Posted by Hugh
I assume you mean £4.40, not £440?
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i mean £440 not £4.40. That is what he told me and how much he lost per share.
---------- Post added at 16:42 ---------- Previous post was at 16:40 ----------
Quote:
Originally Posted by Arthurgray50@blu
The main reason why Tesco is losing money, is because they are too expensive.
I have TWO Tesco stores within a mile of each other. And an Asda across the road from me.
There are too many large stores within a small space.
I can normally buy Four bottles of Newcastle Brown for 4.99 in Tesco, they charge 6.00
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I think the fact also they keep changing their stores around and its annoying people. I know of a few people who used to pop in on their lunch times to get sandwhiches or a baguette but since the stores keep changing they were wasting time trying to find things. They tend to shop now at Greggs instead.
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