How To Buy TESCO Shares

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How to buy TESCO shares

Our view:  The next generation of online platform apps means you can get setup & buy TESCO shares in as little as 10 minutes!

  1. Select a share platform – See below our 4 top platform picks
  2. Open your share account – To do this you will need your bank details and national insurance number
  3. Fund your account – You will need to fund your a/c with a debit or credit card or bank transfer
  4. Search for the share using the TESCO stock code – Type in the stock code TSCO into the search box
  5. Check out the latest info and price for TESCOSome platforms offer free research and analysis
  6. Buy the number of  TESCO shares you want – Nice and easy!

4 top picks for buying TESCO shares

 

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  • Buy & sell TESCO shares from £4.95 to £9.95
  • Account fee – maximum of £3.50 pm (Based on value of shares held)
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  • Open account in 10 minutes & fund instantly with debit card – it’s easy!

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  • Buy & sell TESCO shares from £5.95 to £11.95
  • No charge if you buy only shares
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  • Buy & Sell TESCO Shares from £7.99
  • Account fee of £9.99 pm (Covers you for mutiple accounts)
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Why use a platform to buy TESCO shares?

You don’t have to buy TESCO shares using a platform.

You could go down the old-school route using a stock broker directly to buy for you.

This can involve lots of paperwork and waiting for the postman to send you paper statements which for some people may be perfectly adequate.

Your preference may be to deal with a real person to make things happen – whilst this can work it can be slow and cumbersome and potentially more expensive.

The good news is that with advances in technology,  investors now have significant choice when buying shares abroad.

Benefits of using a platform include:

  • Lower costs
  • Easy access to the UK and global share market
  • 24/7 access to your investments
  • You can hold all your tax efficient investments such as ISAs and SIPPs in one place:  including lifetime ISAs, right to buy ISAs and  junior ISAs


A brief history of TESCO:

Founded in 1919 by Jack Cohen, the firm had its early beginnings as a group of market stalls in the Hackney area of London.

The company name came about when Cohen purchased some tea from  suppliers T E Stockwell and using the first 3 letters combining it with his own name came up with “Tesco”.

The first Tesco store was opened in 1929 in Edware in London with Tesco Tea sold as its first branded product.

Having been to the US Cohen brought back the idea of “Self-service” to the UK which was to revolutionize the way we shop.

In 1947 the Company was floated on the stock exchange with a share price of 25p.

The 1950s saw a period of rapid expansion for the firm with over 500 stores purchased and in the 1960s the Company broadened its offering into household good and clothing and started opening superstores.

In the 1970s Tesco moved into selling fuel and introduced petrol stations at its major sites.


The 1980s saw Tesco launch its own brand “healthy eating” range, the first supermarket to do this at affordable prices.

In the early 1990s Tesco started opening smaller sites known as “Tesco Extra” or “Tesco Express” stores into town centres as well as launching a “value” range of products at low prices.

In the mid 1990s Tesco started branching out in Europe with stores opened in Poland, Slovakia & Ireland and further afield in Thailand and India. In 1995 Clubcard was launched. Tesco moved into personal finance in 1997 and luanched its “Finest” range in 1998.

In 2000 Tesco went online with 20m people visiting the site today every month.

A key driver of Tesco’s growth has been teh early adoption of technology e.g. being the first to build self service tills, an early adopter of contactless payment technologies and barcodes.

TESCO Financial Overview:

Tesco’s market capitalisation as at 10/2/2021 is £24.2bn. The Company has a P/E ratio of 13.41

Should I buy TESCO shares?

Broker commentary:

Hargreaves Lansdown: (14th Jan 2021)  

“Groceries are a defensive sector: no matter what happens, we need to eat. But on top of that, we’re fans of Tesco’s strategic direction and think online shopping offers real potential. These factors should give it an edge over some rivals”.

“The prospective yield is supported by what should be reliable revenue too. Remember no dividend is ever guaranteed. The question from here is how severely, and quickly, competitive pressure mounts. A fast change in the status quo would disrupt progress.

Tesco Group sales rose 7.0% to £19.9bn in the 19 weeks to 11 January 2021. That reflects strong trading across the third quarter, and a record Christmas. That was entirely driven by the UK & Ireland, with Central Europe and Tesco Bank recording declines.

The “increasing severity” of the pandemic means Tesco has upped its predicted Covid-related costs for the full year by £85m, to £810m.

However, this is expected to be offset by increased sales. Full year guidance is unchanged – underlying retail operating profit is expected to be “at least” at the same level as last year”.

The Technical Analysis Widget is an advanced tool that displays ratings for Tesco based on technical indicators.

The Tradingview gauge lets you see the summary based on all indicators at a quick glance.

You no longer have to apply multiple indicators to analyze a financial instrument as the widget does that for you. All ratings are shown in real time for the timeframe you select.

Fair Investment Company does not take responsibility for the views expressed here.


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IMPORTANT:

No news, feature article or comment should be seen as a personal recommendation to invest. Prior to making any decision to invest, you should ensure that you are familiar with the risks associated with a particular plan. If you are at all unsure of the suitability of a particular product, both in respect of its objectives and its risk profile, you should seek independent financial advice.

The value of shares, ETFs and ETCs bought through a share dealing account, a stocks and shares ISA or a SIPP can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 67%-75% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk.

Tax treatment of ISAs depends on your individual circumstances and is based on current law which may be subject to change in the future. ISA transfer charges may apply, please check with your provider.

Written by Editorial Team ,
10th February 2021