Ian R Posted September 20, 2005 Share Posted September 20, 2005 As a few of you know I work for Tesco so today we deliver fantastic and unbeatable results well above city analysts expectation and what happens 11p gets wiped of the shares. NOT HAPPY Yes I know they will recover over next few days but why ?? Link to comment Share on other sites More sharing options...
Matt T Posted September 20, 2005 Share Posted September 20, 2005 Maybe because everyone thinks, whoooo great time to sell so prices go down? Im not to hot with shares and the like TBH Link to comment Share on other sites More sharing options...
toyotasuprauk Posted September 20, 2005 Share Posted September 20, 2005 Its crazy when shares do that, caused by profit takers. If they announced bad results chances are they would do the same thing. Don't pay too much attention to short term prices they will drive you mad. Link to comment Share on other sites More sharing options...
Jake Posted September 20, 2005 Share Posted September 20, 2005 According to www.thisismoney.co.uk it seems like it's because your chief exec has been saying things are going to be tough for Tesco in the next 6 months. Why Tesco is talking down prospects When things are going as well as they are for Tesco, the big problem is to try not to make it look too easy. That's why chief executive Sir Terry Leahy is doing his level best to talk down prospects for the second half and harping on about the possible impact on the business of high oil prices and above-inflation increases in business rates. Link to comment Share on other sites More sharing options...
Ian R Posted September 21, 2005 Author Share Posted September 21, 2005 He always does but we are already ahead in the last 7 weeks since the profit was calculated. If anyone wants to make money on shares I would say buy them now will be aound 350-360 in April next year IMO Link to comment Share on other sites More sharing options...
Aerotop Dave Posted September 21, 2005 Share Posted September 21, 2005 Always happens with my company too - we announce our quartely results and the shares go down regardless of what the results actually are. Link to comment Share on other sites More sharing options...
Ian C Posted September 21, 2005 Share Posted September 21, 2005 At NU our share price rockets when we offshore UK jobs to India. Yay go us. We also report cracking results to shareholders, get on the news about how great we've done this year, bully for us - but the moment it gets to bonuses and pay reviews, suddenly the story internally changes to "it's all grim and going downhill". Hmmm. -Ian Link to comment Share on other sites More sharing options...
Timwildman Posted September 21, 2005 Share Posted September 21, 2005 At NU our share price rockets when we offshore UK jobs to India. Yay go us. We also report cracking results to shareholders, get on the news about how great we've done this year, bully for us - but the moment it gets to bonuses and pay reviews, suddenly the story internally changes to "it's all grim and going downhill". Hmmm. -Ian Thats so true, i've only worked for 3 companys, but all 3 were the same! never got any money to pay the staff, but it's always there for shareholders. Link to comment Share on other sites More sharing options...
CJ Posted September 21, 2005 Share Posted September 21, 2005 Thats so true, i've only worked for 3 companys, but all 3 were the same! never got any money to pay the staff, but it's always there for shareholders. Without wishing to cause a furore, isnt that how it should be? Shareholders invest in a company to see results that wil produce dividends and or growth on their investment. These investments can go down as well as up - thats the gamble. Take me for example. I have invested about 30k of my own money in the company via shares. When we come to the end of the year, dont you think it is fair that people like me get our bonus before the staff? Remember that if the company goes tits up, I will lose that 30k and , like the others, my job and income too. Now, the old argument of we could not have done the results without the staff falls down when you consider that there would be no company and no staff had we not put our money in right at the begining. I realise that this is different to what Ian C is saying but would be interested in everyones thouights just the same. Link to comment Share on other sites More sharing options...
Ian R Posted September 21, 2005 Author Share Posted September 21, 2005 Call me sad but I agree with you CJ now I get paid a best wage possible for the job I do and thats the benefit of working for NO.1. I get good share payouts every year through profit sharing and benefit greatly through save as you earn shares. The thing is Tesco invest in their staff with a core practice of look after our staff so they can look after are customers. What gets my goat is that we deliver fantastic results which in turn should reflect in the share price. As a shareholder and what I want is the share price to shoot up. It amazes me that we can have a boom with dot com fly by nights yet the UK's most succesfull retailer the shares drop on the back of fantastic results through shear hard work and commitment. But still suppose I cant moan when I hold shares five years ago I bought at £1.20 Link to comment Share on other sites More sharing options...
Jake Posted September 21, 2005 Share Posted September 21, 2005 ...don't talk to me about fucking shareholders. As you may know I was recently made redundant from B&Q head office. The main reason for this seems to be that profits are down from an expected 530 million pounds to 'only' 500 million. So, because we 'only' made half a billion profit the shareholders are demanding something is done to cut costs. The next thing hundreds of us get laid off. The thing is, a couple of years ago 500 million profit would have been fantastic but once you have pulled out a great set of results that then becomes the benchmark for failure. Unless your next results increase on the last ones PLUS 10% you're apparently doing shit. How does that work then? Link to comment Share on other sites More sharing options...
CJ Posted September 21, 2005 Share Posted September 21, 2005 ...don't talk to me about fucking shareholders. As you may know I was recently made redundant from B&Q head office. The main reason for this seems to be that profits are down from an expected 530 million pounds to 'only' 500 million. So, because we 'only' made half a billion profit the shareholders are demanding something is done to cut costs. The next thing hundreds of us get laid off. The thing is, a couple of years ago 500 million profit would have been fantastic but once you have pulled out a great set of results that then becomes the benchmark for failure. Unless your next results increase on the last ones PLUS 10% you're apparently doing shit. How does that work then? As I have never run a company with that sort of t/o and profit, I cannot comment but I can comment on the 10% increase over last year. Invariably, costs rise year on year. These include wages, rents (multi site operations have rent reviews at different times so you may have some increase whilst others stay as is), utilities, etc etc. These added costs go straight to the bottom line. When companies talk of increases year on year, they usually look at a % increase in sales so that the extra profits made cover the extra costs and give a bit more. Link to comment Share on other sites More sharing options...
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