Bought 250 Tesco shares @311.75 pence

I bought 250 more Tesco shares but this time for my mother in law. I have been reading about the company and I do not see any fundamental problem, so I plan to keep on adding if it bounces a bit around current levels. Unfortunately Warren Buffett added at the same time and it was published almost immediately after, since then the stock is going up, reducing the chances to buy at low prices …

The company seems well managed, has lots of room to grow in emerging markets, owns real state valued at almost more than its current market value and is trading at historical low levels.

TSCOl 2012-01-16, 10:16:14 CHIXUK 250 3.1175

Cheers!
jrv

About jrv

I was born in Spain and lived in Belgium, Chile, France, USA, Argentina among other places. Currently I am trying to settle down in a wild place. I am "retired", even though now I dedicate more hours "working" for my investments than I ever worked in the real labor market where I used to work in IT and Banking. I am a family man, I have a lovely wife, several sons and one step daughter. I have humble tastes, I like to stay home and read about companies and investments. I started investing at 25 before the internet bubble exploded. I did not know much about investing and liked technical analysis so my results were pretty bad. Fortunately I did not have much to lose. Some years later in 2006 bored of doing only real state investments and with quite a lot of money saved I opened an account in a cheap and excellent online broker and started again. This time I did not want to commit the same mistake, so I decided to follow a model. I heard that Warren Buffett was the best at making money via stocks so I started by reading a lot about him, all of his shareholders letters and several of the books that he recommended. I learned a lot, started applying his investing principles and reading a lot of 10K's. Digested news from lots of different sources. Basically I started buying very good and cheap companies and holding them for ever if possible and if nothing changed fundamentally. When the housing crisis started I was more than 75% cash. At that time I identified good companies at incredibly cheap prices so I invested most of my savings in stocks. In less than I year I doubled. By the second semester of 2009 I turned my software company into an investment vehicle and dedicated myself full time to it. My wife and I decided to change our lifestyle and moved from Belgium to the beach in a wild country. The goal was to keep fixed costs low in order to be able to live with a minimum 6-8% yearly return but specially to move away from the inhuman life of civilization and to have finally some peace and sunny weather to concentrate better on investing. Now I can think and study about companies 60 hours a week and I am doing great. I can finally do what I want full time and can proudly say that I have never been so happy, specially also with my just born 4th son, my other great kids and my sweet wife who supports me fully while I study most of the day and patiently wait for the opportunity to make a swing ! You can learn a bit more about my portfolio by viewing it at www.kuchita.com/view/sumo.php or you may learn more about me and my family by following the link "Author's site" from the menu above.
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3 Responses to Bought 250 Tesco shares @311.75 pence

  1. Chandan says:

    Hi jrv,

    I bought Tesco myself. Just a beginning position worth of $500.

    I want to ask why you bought the shares on London exchange even though you made some good points about the upper hand the ADR has.

    Regards,
    -Ch

  2. jrv says:

    Hi Chandan, I bought due to ignorance of the buying stocks tax in the UK and also because the Monday I bought the ADR was closed for trading because it was M. Luther King’s day. If I keep adding I’ll certainly do it with the ADR if the premium is not too big, i.e. if the difference between it and the UK shares is not too big.

  3. Pingback: Tesco Plc: an undervalued retailer | The Intelligent Investor Blog

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