From £7.99 per month
ShareProphets
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

MINDING THE LSE’S BUSINESS

Join for as low as £7.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

Tesco - a recovery buy

By Chris Bailey of Financial Orbit | Friday 6 October 2017


Disclosure: I own shares in one or more of the stocks mentioned. 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.


Imagine the scene, if you will, on the trading desks of a professional investment house after Tesco (TSCO) just puckered up its interim results. Another quarter of like-for-like sales growth, free cash flow generation chivving down the debt burden, margin targets for later in the decade reiterated and - stone the crows! - the interim divvy is back. Fingers would be tapping away sending little messages to your favoured clients or internal portfolio managers. You can imagine what is written: “Tesco’s is back!”, one message might read. Another would undoubtedly exhort the reader to buy the stock.


Filed under:



Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

 

GLEN

Still Good Value in Glencore?

Tuesday »

SOS

Sosandar – FY Results And An SOS

 

URU

URU – Stink Upon Stink

 

Gold

Turning gold digital?

Saturday »

OPTI

Optibiotix: where is the TR1?

Time left: 00:02:09