FCA to investigate Tesco after £250m accounting error

[DodgyAgent]

For me Tesco is on it's way down, expanded too fast and people are moving to local or cheaper stores.

You also predicted that Scotland would win independence

[Unix]

You also predicted that Scotland would win independence

Still time...

[d000hg]

Still time...

You specifically predicted they would win independence in the September 2014 referendum.

[Unix]

You specifically predicted they would win independence in the September 2014 referendum.

Who am I Nostradamus?

BTW Tesco shares are now down 40% for the year and analysts are saying they are no longer a viable investment.

HTH (a little)

[DiscoStu]

Who am I Nostradamus?

BTW Tesco shares are now down 40% for the year and analysts are saying they are no longer a viable investment.

HTH (a little)

You're more like an anti-Nostradamus.

[d000hg]

Who am I Nostradamus?

BTW Tesco shares are now down 40% for the year and analysts are saying they are no longer a viable investment.

HTH (a little)

I was thinking short-term really, a one-day drop of 8.5% could well bounce back.

[MarillionFan]

I was thinking short-term really, a one-day drop of 8.5% could well bounce back.

When to catch a falling knife?


They will now have to go back over the last few years worth of accounts to double check it. If there are skeletons, then 50p is going to look expensive.

[Unix]

I was thinking short-term really, a one-day drop of 8.5% could well bounce back.

This is a big story with directors being suspended, I would stay out till the dust settles.

[BrilloPad]

This is a big story with directors being suspended, I would stay out till the dust settles.

This. Once bad news starts it takes alot to stop it.

[minestrone]

I know the family of a director in what was once a fairly large engineering company that just before their IPO declared future profits on the accounts on contracts that had just been signed. Bonuses were paid out of course.

The contracts ended up making losses, I would imagine they 'maximised the estimated profits' on each contract as well.

Share price fell by 90%. directors should have been jailed but nothing could be done to them in a case of blatant daylight robbery.