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Nice to see my original thread from March is still going and we’re 24% richer. This share has been good to me but think there’s so much more to be made in the lives of Covid stocks such as Avacta, Omega Diagnostics, synairgen, Braveheart which are going to fly, so pulled money out the last week or so and piled in there.
Quiet board for such a successful company up 31% since end March 2020. Crisis , what crisis?
Anyway brief recap :
24 March 5780
1 April 6032
30April 6708
Today 7580
Rumour is RB selling off Veet, E45, Scholl and Clearasil
Lysol sales are surging.
(Bloomberg) -- The viral pandemic sweeping the globe sent Lysol-maker Reckitt Benckiser Group Plc to its strongest start to the year in recent memory.
Sales jumped 13.5% in the first quarter, crushing estimates and prompting the Slough, England-based company to raise its outlook for the year. The shares rose the most in six weeks.
As demand soars, Reckitt is ramping up production, Chief Executive Officer Laxman Narasimhan said on a conference call. “To give you one example: In the coming month of May -- in one month -- we’ll produce all the sanitizers we produced in 2019, for the whole year.”
https://uk.finance.yahoo.com/news/lysol-sales-surging-071831273.html
24 March 5780
1 April 6032
Today 6708
Houston - we have lift off !!!
Well apparently the chinese market is back up and running. Chinese PMI back up to 50+
I'm thinking of jumping in here, it's easy to see hygiene products having a massive increase in demand with all this. The problem seems to be they are highly exposed to the Chinese market. It's easy to see protectionism grow to the extent that companies have to withdraw from ideologically very different countries. Any ideas how they plan to deal with this?
My only guess to why this hasn't risen is that RB. have been unable to procure some raw materials from their suppliers or Tier1/Tier2 to crank up volume.. I still think this is a strong buy.
With supermarkets ploughing through sales of Reckitt’s hygiene, health and nutrition products this Share should only continue to grow as the Coronavirus pandemic continues.
With brands such as Detol (antibacterial sprays, wipes, dispenser, soaps etc), harpic multi-surface cleaners, Lysol (disinfectant/sanitizing wipes), Cillit bang surface cleaners along with the likes of Nurofen, strepsils, Mead Johnson baby foods and Durex there sales since February have sky-rocketed.