so - when do we buy Tesco ?

[NVP]

That's actually part of their revenues stream since they charge suppliers a fee depending on shelf positioning. You want your toothpaste at eye level right in front of the customer, and not down where they to crawl on hands and knees? You'll be cutting Tesco a fat cheque for that (in fact it's accounting for these convoluted schemes that seems at least in part to have caused the £250m to go missing down the back of the CFO's sofa).

There's a strong likelihood that there is a dividend cut and £3bn rights issue coming. 150p is in sight..., sorry Pat.

perhaps they should try to buyback some shares.........

 

[Atilla]

perhaps they should try to buyback some shares.........

Naaaahhh, they are more likely to buy more jets...

http://www.telegraph.co.uk/finance/...jet-as-it-struggles-with-250m-black-hole.html

 

[Jack o'Clubs]

Naaaahhh, they are more likely to buy more jets...

http://www.telegraph.co.uk/finance/...jet-as-it-struggles-with-250m-black-hole.html

Having had a bit of exposure, albeit indirectly, to the top of the corporate tree, it really is another world. It makes the shenanigans of coke and strippers beloved of city boy type stories everywhere look tame in the extreme. Not so much tame as lacking ambition... CEOs everywhere must be delighted at the levels of approbation still being poured on banks and bankers, if it keeps the press away from what they routinely get up to with shareholders cash. Tesco's, a grocers store has a fleet of private jets, lol. Jack Cohen will be spinning in his grave.

 

[counter_violent]

Tesco's, a grocers store has a fleet of private jets, lol.

I remember the days when ASDA piled it high and sold it cheap, our local was run from an old mill building with no heating or bespoke shelving. Everything was palletised and discounted. Yes , even for One item, and discounts were progressive, the more you bought, the cheaper it was, which is quite different to how they all operate these days. There is a culture now which tries to nail your hat on at every opportunity. Unit cost 1 item £2.50. Special saver 4 pack £11.20.

There were no reward / points bribery schemes either. WTF are they all about anyway...obviously aimed at gullible women who actually believe they are saving money by spending money ! The mind boggles

 

[Atilla]

Retail pricing strategy and utility tariffs are a whole new science these days.

Very elaborate and extensively designed to give you less for more money.

Weight, content, packaging, location, bulk, colour, shelving the lot.


Check out the yogurt pots have an indent on the bottom. These sales retail tactics are as sneaky as they get.

Not to mention ingredients and fat content. Pay the same for a smaller portion and hey presto less calories.


Retail pricing is a new art. Human creativity knows no bounds for deception.

 

[counter_violent]

Retail pricing strategy and utility tariffs are a whole new science these days.

Very elaborate and extensively designed to give you less for more money.

Weight, content, packaging, location, bulk, colour, shelving the lot.


Check out the yogurt pots have an indent on the bottom. These sales retail tactics are as sneaky as they get.

Not to mention ingredients and fat content. Pay the same for a smaller portion and hey presto less calories.


Retail pricing is a new art. Human creativity knows no bounds for deception.

Yes exactly. It's a bit like politics, all window dressing and no truth or substance.

I wonder what a weekly shop would look like if it were undressed from all the packaging !

 

[Atilla]

 

[darktone]

Lol. They must fink we is fick or sumfink!

 

[12WBT]

Anybody been shorting Tesco on the way Down.
Just a thought.

 

[karmit]

Buy starting tomorrow (9th Oct)

 

[Stargunner]

Buy starting tomorrow (9th Oct)

Before I start plowing money into this recommendation, perhaps you'd like to explain?

 

[Pat494]

Buy starting tomorrow (9th Oct)

Got some. As long as they don't appoint another plausible idiot for top job ,should be ok

( where do they find these clowns ? The golfclub ? !

 

[Atilla]

Got some. As long as they don't appoint another plausible idiot for top job ,should be ok

( where do they find these clowns ? The golfclub ? !

Give the job of a banker to a market stall guy and give the job of a market stall guy to a banker. Makes perfect sense to me. :cheesy:

 

[Dentalfloss]

breaking news....
Roy Hodgson is take on the role of chairman of Tesco

 

[Pat494]

The bosses need to concentrate on building up profits imho. Not swanning around in company jets and playing the fool.

The graph below shows what their leadership was like. Awful as far as shareholders are concerned.

 

[Atilla]

The bosses need to concentrate on building up profits imho. Not swanning around in company jets and playing the fool.

The graph below shows what their leadership was like. Awful as far as shareholders are concerned.

But what if you don't like airline food?

 

[Pat494]

Incompetent CEOs and the directors who were incompetent used to go to jail. Now they just go on to the next disaster.

About time they tightened up the regulations. The shareholders should sue the bums.

 

[malaguti]

Incompetent CEOs and the directors who were incompetent used to go to jail. Now they just go on to the next disaster.

About time they tightened up the regulations. The shareholders should sue the bums.

only time executives go to jail is if it can be proved they were responsible. The "limited liability" part of being a limited company put that notion to bed that managers/officers of a company can go to jail..it rarely if ever happens now.
Sarbanes Oxley in 2002 was supposed to tighten these accounting type errors, and the auditors are the ones that should take a lot of the blame.
They are just not objective enough.
A company pays an audit firm to audit its books each year. Its then ethically unsound for shareholders to place their faith on the strength of the audit report.
of course the audit firm doesn't want to lose a client like tesco, so how objective are they?
Its not the CEO's fault, he places that responsibility on the CFO. CFO isn't close enough to the financial transactions, thats the responsibility of the financial controller.
so that means the FC and the audit firm are the responsible parties. Anybody else are just scape goats in my opinion.

 

[12WBT]

only time executives go to jail is if it can be proved they were responsible. The "limited liability" part of being a limited company put that notion to bed that managers/officers of a company can go to jail..it rarely if ever happens now.
Sarbanes Oxley in 2002 was supposed to tighten these accounting type errors, and the auditors are the ones that should take a lot of the blame.
They are just not objective enough.
A company pays an audit firm to audit its books each year. Its then ethically unsound for shareholders to place their faith on the strength of the audit report.
of course the audit firm doesn't want to lose a client like tesco, so how objective are they?
Its not the CEO's fault, he places that responsibility on the CFO. CFO isn't close enough to the financial transactions, thats the responsibility of the financial controller.
so that means the FC and the audit firm are the responsible parties. Anybody else are just scape goats in my opinion.

Companies like KPMG and Price Waterhouse use juniors just out of university.
No work experience and very little life experience( wait sounds like the government).
Lot of the info requested is computer generated, no thinking for yourself.
Then they send the company a massive bill.

 

[malaguti]

Companies like KPMG and Price Waterhouse use juniors just out of university.
No work experience and very little life experience( wait sounds like the government).
Lot of the info requested is computer generated, no thinking for yourself.
Then they send the company a massive bill.

I know mate, I started off in that industry. It was an accident waiting to happen when Arthur Andersen were found guilty, spawning Sarbanes Oxley. You probably know that already