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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.
The Terry Smith video showed globally, own labels have had no impact in 10 years. This may be about to change in the West with inflation/interest rate/high tax impacting many of us. As he commented, his own grocery bill shocks him now (doubt it is a rounding error on his wages). What better way to help mere mortals than going own label. A wider metaphor may be the rise of Aldi and its impact on the big 4 supermarkets.
What really annoys me is the big 4 trumpeting "Aldi price match". What better way to highlight your fiercest competitor when you should be leading the way and the one to be matched!!
Why has it taken so much time to rid Ben & Jerrys it’s a sickly ice cream brand full of sugar .
Plus the soup brand KNORR needs removed too.
If they just remove entire Food division like P&G did aLLLOONNNGG time ago, it will help profit margins and raise P/E.
Get going ULVR!!
Ah RogueRiver, you're missing how better a wash your clothes get using Persil and how nicer your hands feel after ysing Dove soap and how delicious a Magnum tastes on a hot summer day !!
Despite the hype from the brokers and the financial press, I could never see the fascination with this company. The divi has never been all that impressive (even pre-inflation) and growth has been non-existent.
Four years ago (pre-Covid, pre-inflation and pre-shrinkflation) I said that Unilever would face increasing pressure from own brands and it was hard to see how it could grow much further. Perhaps the financial gurus don't do their own supermarket shopping and couldn't see it. Needless to say, I closed my position - and I'm glad I did. Thanks to shrinkflation (aka fraud), I no longer buy Unilever products either.
Yes Salty1Pete, very much a core portfolio component.
Has it been signalled at all how the Ice Cream Division will be separated from the rest ? Maybe floated off as separate business (thus Demerger), sold off as a ULVR asset with proceeds initially to ULVR with maybe later BB or Special Div., etc... ? Thinking more from a tax stance.
Alessandro, let's hope they get the minimum statutory redundancy only especially if near to retirement age because it'll still give them more than working till their retirement age probably.
7500 people worth of wages wasted for so many years. They now will enjoy their redundancy packages. Most of them likely to be close to retirement age, so year, early retirement in effect, at the expense of investors. Anyway, as long as it helps in the long run, it is a welcome move.
Current sp, above last price pivot high, while underlying sector. Is below its 1/3/24, time pivot low, which is bearish. ULVR, is the only riser in the sector today, every other sector equity is in the red. The previous ULVR, price action was a bearish pivot low break. ULVR, is speculative when the overall sector is bearish. As I write ULVR, has fallen back to below its open price today, not a positive indication. DYOR
I do wonder about the separation/sell off/whatever: sure the margins aren't as good as the other bits, but it's still a good business; maybe they're worried about another takeover attempt, and well they might be. Whatever happens, this is not a share to be out of.
I'd wager Terry Smith knew about this when tipping ULVR at his annual meeting 3 weeks ago. Leaky leaky.