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Underlying sales growth up 8%, turnover up 14%. Another buyback to start soon.
Debt is up, so I question the sense of adding to it with a buyback, and underlying eps up 1% but only because of the £ tanking.
But on the whole it seems to be steady as she goes, which is better than you can expect in these choppy waters.
Agreed. Both pretty stupid. Jope dodged a bullet and Emma has overseen the most chaotic demerger ever.
At least ice cream sales must be doing amazing in this heatwave for ULVR.
There's a £19 bn saving. You've got to ask, who is the more stupid, GSK for not accepting Unilver's bid or Unilever for making such an offer? I'm sort of coming down on the idea that Emma has dropped a clanger and Jope got lucky...
The current chart has all the indications of a bull pattern forming. The sp has finally broken through its 50 day exp moving average, which itself has just started to turn upwards. The last time this happened was in June 2020 when the market generally was undergoing a short-lived recovery (as did ULVR). Only this time the market isn't rallying to any extent. This shows the strength in ULVR shares sine April is unique. Also this time the 50 day ma is well below its 100 day ma showing plenty of scope for the sp to rise much further. If the 50 day ma pushes up through the 100 day ma that's known as a 'golden cross' and is usually a powerful buy signal, but there's a fair way for that go yet.
It would have to take something fairly disastrous for the sp to collapse all the way back to the 3300s again and for the medium term at lest that's unlikely to happen.
https://imgur.com/a/bnFIyED
Well I'm out at £38, good luck to everyone else!
@MarquessR 14.30-14.50 is always an inflection point as the US market opens and if it positive it will continue to go up otherwise it will drop. There are very often such spikes when the US opens up, but they don't decide to put money in UK stocks
DYR
Thanks
I think it might have been something broader in the market. Multiple elements of my portfolio (GSK / ULVR / CEY) all did the same thing from about 14:30 on. Gold also had a similar bounce.
Anyone know why these jumped in the last hour and a half of trading ? No RNS.
It looks like the TRIAN effect is fading already. Unilever has always been a middle of the road company when it comes to marketing aggression. Several of its marketing execs have successfully transferred to large retail organisations. It does not have the firepower of the American based organisations such as P&G but has consistently produced good profits and acceptable growth and re-invention over several decades. quick fixes are not the Unilever way, Alan Jope is a home grown CEO with a wealth of experience in the organisation and hopefully will outlive the derisory and undeserved criticism of the few 'ill mannered observers' on this forum
Happy to see things getting stirred up.
Will Jope the Dope still be in a job this time next year? Nope :)
(oh - and can the spineless oaf Pitkelthy be dumped as No. 1 priority)
May this be just the start of the good news. Thinking demerge of foodstuffs? Then a takeover? Oh the possibilities are endless. Still not recouped my losses though, but much more optimistic about the future.
"Even up 7%, this is still dirt cheap."
Totally agree, which is why I made a couple of recent top-ups before today's rise. And it's also why I'm not selling them for a quick profit.
The historical metric.
Cheap on what metric?
Even up 7%, this is still dirt cheap.
And in the four years he was at P&G the sp went up 63%. We can hope!
Certainly didn’t expect to log in this morning and see ULVR up c7%.
Nelson Peltz has certainly worked with quality companies. Is this the cause of the share price lift in its self or because we have a CEO and founder of an asset management firm?
Are things at play? Is talk of a takeover nonsense?
Nelson Peltz is Chief Executive Officer and a Founding Partner of Trian Fund Management, L.P. ("Trian"), an investment management firm. He has previously served on the Boards of several major global consumer goods companies, including The Procter & Gamble Company, H.J. Heinz Company and Mondelez International.
Must be - and reference to Trian making a substantial investment. Gets me to break even point at least. Fingers crossed this keeps going from here.
Unilever named Nelson Peltz as a board member.
Is that the reason for the bump in share price?
without you topping up Nelson Peltz would still be on the dole!
Seems like all my recent topping up has worked!
Thanks Mr D it seems like we agree on most things & I certainly hope that I am wrong about the SP here. That is until I buy my holding which will probably be in the next couple of months when the US interest rates get to where I think they will.
GL All.
Hello Gary59, the £48 fair value estimate is based on what I think is a conservative view of future dividends (although whether it turns out to be conservative is another matter).
It's basically a discounted dividend valuation, so I estimate future dividends based on various factors (rate of return on capital, amount of earnings retained etc) and then discount those future dividends by 7% per year as that's the UK stock market's long-term annualised total return.
I'm certainly not saying that I expect the price to get to £48 anytime soon, but as things stand today, I think that would be a reasonable price.
I agree with you that investor sentiment towards Unilever is generally poor, partly due to its weak performance in recent years and partly because 2022 and 2023 are likely to be very unpleasant for most people on this planet.
However, recessions and other periods of bad news are usually the best times to buy, precisely because prices are low and yields are high.
Unilever will benefit from the easing of the raw material inflation which is partly due to the post-lockdown so called "bottleneck effect". This should easy in a relative short timeframe. I believe that the energy price will come down too, due to the fact that the spike in energy price was first seen at the easing of lockdowns around the world. War was a part contributor to the spike in energy price. The latter contributor to energy inflation has uncertain timelines. Definitely energy is undergoing a slow and profound change, in my view energy will not be as cheap as hydrocarbons for a good decade or two.
Interest rates are very hard to predict. I can't see govs rise them too much or the economy will melt down. I am convinced that lots of inflation is due to money printing rather than cheap borrowing. And that the excess of cash will not be recovered through taxes but will result in a general inflation. Money printing is a contributor to inflation that will never be mitigated. Interest rates have no place to increase significantly, not being a major player in the inflation we are seeing.
Unilever has to hold on dearly to its consumers, trying to avoid as much as possible to switch to cheaper alternatives or cheap stores. Although I can see a faint presence of UL products in discount shops.
Unilever share price should return to see better days, maybe in 2 years or so. Brokers seem to have a short term view.