Tradefair & Financials
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Having avoided any bank paper like the plague I actually think this one looks worth having. It pays RPI + 1%. What I like about Tesco's as opposed to the high st banks is that there are unlikely to be any nasty toxic assets under the carpet. Also, if inflation takes off Tesco's will also be selling food at inflated prices so should be able to retain their profit margin and be able to pay the coupon.
I think its is quite possible that it will trade at a premium to par once the offer closes on 12th Dec, so there is also the chance of just making a quick profit on it. Anyone else planning to buy any?
I think its is quite possible that it will trade at a premium to par once the offer closes on 12th Dec, so there is also the chance of just making a quick profit on it. Anyone else planning to buy any?
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The other one posted by cade sounds more appealing to me
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Tesco are on the rise. I work for Tesco Bank/Travelex and they eventually plan to have a bank in every store.
They also buy gold through their website and are in everything from gas to estate agents through their website. Won't be long until they have a bureau buying gold instore (personal opinion) |