Sign in Subscribe
Personal finance

Argyll Group's Resurgence: A Glimmer of Hope for the Food Retailing Sector?

Strategic Insights

— 1 min read

Argyll Group, the owner of Safeway and the country's third-largest supermarket business, is experiencing a resurgence, with its shares rising more than double the sector average since July. Argyll's shares have broken through the 260p level, and some analysts believe they may reach their 1994 high of 306.5p before the year's end. Meanwhile, Tesco, another supermarket giant, is also showing promising signs, with its shares rising 9.3% since July and its yield surpassing the sector's norm.

Key Takeaways:

  • Argyll Group's shares have more than doubled since July, with a rise from 232p to 268p, significantly outperforming the sector average.
  • The company's shares have broken through the 260p level, a crucial milestone in their upward trajectory.
  • Analysts believe Argyll's shares may reach their 1994 high of 306.5p before the year's end, presenting an interesting opportunity for investors.
  • Tesco's shares have risen 9.3% since July, reaching 241p, and its yield of 4% is above the sector's norm of 3.8%.
  • The sector as a whole is showing signs of recovery, with Argyll and Tesco leading the charge.
  • Argyll's above-average yield of 5.4% is attracting investors and contributing to the company's resurgence.
  • The January 260p calls on Argyll's shares are an interesting gamble, with a cost of 27.5p and a potential profit of 287.5p.

Statistics:

  • Argyll Group's shares have risen from 232p to 268p, a 15.5% increase since July.
  • The company's present yield is 5.4%, significantly higher than the sector's average of 3.8%.
  • Tesco's shares have risen 9.3% since July, reaching 241p.
  • Tesco's yield is 4%, above the sector's average.
  • Argyll's shares have broken through the 260p level, a critical milestone in their upward trajectory.
  • The January 260p calls on Argyll's shares have a cost of 27.5p and a potential profit of 287.5p.

Sources:

  • "Tesco", not specified (exact format not available)
  • The article does not specify the author or publication date.

Read more