Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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On Hargreaves Lansdown website: "All in, there are clear signs that the new management team are making progress and Unilever remains a quality business with attractive fundamentals. If it can deliver on planned cost cuts and spin-off Ice Cream without causing too much damage, then achieving mid-single-digit sales growth is on the cards. The valuation isn’t too demanding, but we still think it’ll take time before we see a material rerating."
You kidding me: PepsiCo (27), Henkel (23), Reckitt B. (19), Nestle (22), Colgate (32), PG (26) have a PE above 20 (apart from Reckitt). Unilever currently trading with a PE 18, with a positive outlook and a share BB program of 1.5 billion pounds and HL cannot see a rerating? I can see a 10% upside, easy. FOOTSE is going strong, so I would give ULVR a chance.
Not a fan of buybacks. Shows the company has run out of ideas and rather than investing in growing the company they are trying to just grow the SP. I’d prefer a decent dividend rise which in turn would boost the SP. Having said that the market response to the Trading update is promising and reverses the recent downward trend.
Unilever stubbornly does not increase the dividend payout. Perhaps at the current valuation the BB seems a better place where to put the excess cash.
ULVR
As I write I am listening to the Q&A part of this morning's web presentation. The tone from the analysts is good and the figures support the "modest progress". The "laser focus" of cost savings and margin growth as part of their Growth Action Plan should see savings of 600m Euro a years. This will results in redundancies but the word is not used, ("laser focus" is the current buzz phrase, I hear it everywhere). It is one of the giants of consumable products and you aren't going to get big jumps in profits but as long as they can avoid the banana skins (e.g. RKT) you will see dividend and share price growth. The €1.5 billion share buy-back programme probably starts in the current quarter.
Unilever has ben a poor stock for somewhile. However there are signs that they maybe getting their act together and I will be picking up a few at this price especially after a blue day yesterday. Do your own research.
My (very unscientific) analysis: Wheezy, clapped-out conglomerate, which yields less than most savings accounts and hasn't grown in 6 years.
MarquessR no worries, pun pardoned. To answer your question, As I read recently, as Unilever scoops out (pun not intended) the ice cream business, options include the sale to a private equity firm, and Unilever is actually investigating potential interest.
Also a listing on the NL stock exchange is on the card. I doubt Unilever will distribute a special dividend in case of a separate listing, rather, shares in the Ice Cream identity will be allocated to existing shareholders.
There was no dividend payment for those holding GSK when they split off Haleon, just an award of shares of a ratio of GSK shares held at a certain date.
As for Ice Cream, either a split (pardon the pun) as with GSK / Haleon, special dividend , debt repayment or acquisition of specific business that matches wherever ULVR is heading?
Batch L3324-28
Magnum is taking the precautionary measure of recalling a limited number of Magnum Classic Ice Cream Sticks 3x100ml due to internal safety checks showing that they may contain small pieces of metal. The safety of customers is our number one priority which is why we are recalling these products.
If you have purchased an affected Magnum product, please do not consume the product and contact Magnum careline team for further guidance.
MAGNUM CARELINE FREEPHONE NUMBER: 0800 678 1031
No other Magnum products, batch codes or best before dates are affected. We apologise for any inconvenience this may have caused.
Yours sincerely
Sainsburys
Hi All,
What are your thoughts on how the ice cream division sell off will work?
If this is sold to a private equity firm, will we paid part of this in a special dividend or if this is listed as a separate company, will we be shareholders in that company as well as receiving a smaller special dividend?
How did it work with GSK and Haleon - I know the GSK shareholders received shares in Haleon, but did they receive a dividend?
I’m pleased that the management are finally doing something!
Cheers
That's right lost it, as in he had it at one time but not any more. Other clangers include his predilection for tobacco stocks. Way past his prime now. Don't take my word for it, compare Fundsmith to simple global tracker - Fidelity Index World for example. The tracker trounced him over 1, 3 and 5 year ranges.
Terry Smith lost it? Well, I'll keep my holding with 333% return in 10 years, 68% in 5 years and 28% in 3 years and look forward to many years of about 15% per annum return compunded.
I would advise any serious investor to watch the video and see his tip for 2024 and then review his SEC filings to see what he has been loading up on in the last quarter. Information that he doesn't have to publish here in the UK but does in the US.
Very interesting.
https://fintel.io/i13fs/fundsmith-llp
Unilever is working with advisers to drum up interest from private equity groups for its ice cream division after the consumer goods group announced plans to hive off the business.
Bankers at Morgan Stanley and JPMorgan have reached out to buyout investors to solicit interest for the ice cream business — which includes brands such as Wall’s, Magnum and Ben & Jerry’s — said people familiar with the matter. Deliberations remain at a preliminary stage, they added.
Technical Analysis.
Fat Profits - What is a TA?
Terry Smith lost it a little while ago, evidenced by selling Amazon yet hanging on to this
What type of levels we should look for..
Appreciate this is a guideline only.
Giffnock Wholefoods! Used to go there when visiting the in-laws. Shame it’s an Aldi now. As you say, always empty. Unilever will get there eventually. Some more corporate restructuring and spin out some stuff to highly leveraged folk advised by peeps who just want a fat fee and don’t give two figs about the outcome and Bob’s your uncle.
Unilever owns 8 large Russian enterprises, including a margarine factory in Moscow, a sauce factory, a tea-packing factory and a perfume and cosmetics factory in St. Petersburg, a food factory and an ice cream factory in Tula, as well as ice cream factories in Novosibirsk and Omsk. British firm producing Magnum and Cornetto is STILL selling ice creams in Russia despite their invasion of Ukraine.
Cheaper and similar alternatives have been getting better and better - and over that time big brands have not even tried to compete pricewise. What did they think was going to happen !!?? Savvy consumers will not stick to brand names when there are cheaper acceptable versions available.
Comment on BBC website
Unilever have realised that reducing pack sizes and increasing the price isn't sustainable for profits so now they're cutting their workforce.
But go and look at Aldi / Lidls stores there near empty the times I’m there in some stores i have in Glasgow, one in a nice area is empty all the time no matter what time I go. Previous owner was Wholefoods which also failed and left.
I would still comment that that Aldi / Lidls offers are limited to only certain brands, and having tried once the microwave meals are awful.
When I go to COSTCO it’s buzzing queues every till. 20minutes to get through checkout ..
I’m a Hagen daz fan, B&J lost it with all these varieties just full of chocolate, caramel etc…
Hopefully you will be next
Clued,
"Has it been signalled at all how the Ice Cream Division will be separated from the rest"
It would have been quicker to read the RNS and get your own answer than wait for someone to respond.
In short, no
My guess is announcing it in this way they hope will drum up some interest from someone to take it over. I know plenty of people who would love to run an ice cream busi9nes, but none with a spare £12b. A demerger is currently favourite. So shares will be split between Unilever and a newly names Ice Cream business and shareholders will get shares in each.
@Clued. The last time I bought Persil, I put the new bottle next to the old one and noticed that it had shrunk, by about 25%, unlike the price. The last time I bought Magnum, they cost more and had 5 in the box instead of 6. I’ve never bought Dove soap, but doubtless they have fiddled that too. It’s Lidl own brands all the way these days.