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Note to Tesco Plc Investors – 12 October 2014

Since our last update, an accounting scandal along with the FCA’s intention to investigate this, has seen the pressure upon Tesco ratcheted up considerably.  

As a result, the shares have fallen further, hitting our latest price target of 175.00 pence and a new 11-year low at 170.00 pence. With this, the shares have now fallen by 33% in the last three months alone.

While we are by no means attracted to the shares at their current levels, we are cautious of being excessively bearish without having had a chance to assess the full financial impact upon the business of recent events. For this reason, we have elected to view the group’s financial results, due on 23 October, before updating our trading guidance and price target for the shares.              

Tesco Plc Share Price Hourly Intervals

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Tesco Plc Share Price Daily Intervals

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IMPORTANT:
The contents of this report and the Stockatonia website (https://www.stockatonia.co.uk/) have been prepared to provide general information only, and as such, the specific needs, investment objectives or financial situation of any particular user have not been taken into consideration. Please always remember that the value of investments may fall as well as rise. Investing in securities, and any other products associated with them, carries a high degree of risk and may not be suitable for all investors. For advice or guidance related to investing in securities markets, please consult with your own financial adviser.