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Barchid,
I agree that PE must be looking at Unilever. And the more the SP drops the more likely a bid will come in. The break up value of Unilever is about 50-55% higher than the current market cap. For a quality company that’s unusual and for every 1% the share price drops the breakup value increases the potential profit by 2%. I’m expecting the BoD to declare themselves out of the running for GSK and for a quick share price recovery and while we wait there’s a 4.1% divi and a real chance of a takeover.
'Emma Walmsley has reportedly set up sovereign wealth fund meetings'
'Unilever investors sceptical about a takeover of GSK's consumer arm'
https://www.msn.com/en-gb/money/other/glaxo-courts-qatar-and-singapore-to-head-off-%C2%A350bn-unilever-swoop/ar-AASSdPN
I think the deal is dead.
Emma Walmsley has reportedly set up sovereign wealth fund meetings with Singapore and Qatar next month to help underwrite any future deals and to take major stakes. I read it today on a financial thread whilst in a meeting
stewart81
I agree.
Remember how much Morrisons finally went out at ?
ULVR must have every large VC company globally running their assets through their calculations. We are not talking 2nd or 3rd rate assets here, we are talking top global quality in many cases, and much of it is in food which never goes out of fashion.
The BoD have discredited themselves and major shareholders (Train/Smithfor instance) must be praying for a bid.
My reasoning for buying is I think it’s a certainty shareholders will vote against it. So for me it’s a calculated risk and although there’s more potential downside while the BOD remain silent, I only bought half the amount of shares I wanted to with the option to buy the other half lower if it gets there. It’s also widely believed that the break up value of Unilever is £52+ a share and at these depressed prices there’s always a chance of a bid. As I’ve said l, for me it’s a calculated risk on the basis this bid won’t happen and there’s no reason to believe it will. Time will tell.
Why would people consider buying these even if there is a slight chance of shareholders being asked to bank role this ludicrous GSK buy?
BOD - Too old, been here long enough, too highly paid & poor decision makers.
If this was an American company the SP would be £60.00
3569 on T212. Surely this price and over a 4% divi is cheap?
A 4 percent isn’t any good if Unilever have a £12 billion cash raise from shareholders to finance this insane takeover. (as is widely publicized)
That’s like you giving me a thousand pound and me giving you £40 back.
Next trade update will be flat I expect, but I have bought back in as I think it’s a good sp at the moment and hold for a year maybe. :-)
Arthur, a lot depends on the next trading update.
"One would certainly have to include the CFO in that review too."
They haven't paid down the extra debt they took on in 2018 yet. With a debt to equity ratio at 132.8%, I really don't think they should be talking to their banks to add more debt to increase the offer on this bid!
3569 on T212. Surely this price and over a 4% divi is cheap?
Average down or hold?
Is the price drop due to the US as i think they were closed yesterday as public holiday.
I’d wait six months, twelve months and then go back when the stock crashes
One would certainly have to include the CFO in that review too.
fatprofits, why would the BOD try for a deal like this in the first place without consulting, at least teasing out, the major II's ? There were three rejected offers, surely plenty of time. A lot of preparatory costly admin work must also have been done, as not exactly like bidding for a used car !! Hopefully, narcissism won't dominate like it did when RBS took over ABN Ambro just before 2008/9 Crisis and Tesco spent over £1b to expand into USA !! Their lowest paid staff would have done better !!
Agreed,
Hopefully the board will back off, cease the excessive wokery and get on with running the company more profitably.
If anyone does not understand then
perhaps the stock market is not for you.
This is Not in the hands of the CEO and CFO/
wider BOD.
It's institutional investors that have the final say and there
is no way it will get backing.
lots of attempted face saving as Unilever walk away.
In 30 years I can't ever remember such a negative initial
reaction to a UK mega bid - its toast.