Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Started: Mr.Picky, 25 Apr 2024 08:52
Last post: Alessandro, 16 May 2024 14:57
We should see another leg up in a few days with ex-dix day behind us.
Barclays raises Unilever price target to 5,000 (4,600) pence - 'overweight'
Warren Buffet made a fortune on the back of BB programs.
https://www.youtube.com/watch?v=x1p6Pg_IqLM
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.
Started: macaumike, 19 Apr 2024 07:54
Last post: macaumike, 19 Apr 2024 07:54
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.
Started: fatprofits, 20 Mar 2024 21:29
Last post: RogueRiver, 17 Apr 2024 17:35
My (very unscientific) analysis: Wheezy, clapped-out conglomerate, which yields less than most savings accounts and hasn't grown in 6 years.
Technical Analysis.
Fat Profits - What is a TA?
What type of levels we should look for..
Appreciate this is a guideline only.
Started: Tradero32, 31 Mar 2024 23:51
Last post: Alessandro, 8 Apr 2024 08:45
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?
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
Started: Cruusoe, 2 Apr 2024 15:49
Last post: Cruusoe, 2 Apr 2024 15:49
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
Started: moneybox007, 18 Mar 2024 11:58
Last post: 404x, 25 Mar 2024 17:04
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
Terry Smith lost it a little while ago, evidenced by selling Amazon yet hanging on to this
Would help if i included the link
https://www.youtube.com/watch?v=PYXtFKFsI0U
Worth watching. Big bit on Unilever at 1.07:20 and tipping it as the most potential for 2024 at 1.19:50
Started: meoryou, 22 Mar 2024 13:16
Last post: meoryou, 22 Mar 2024 13:16
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.
Started: driftking27, 20 Mar 2024 10:39
Last post: HumpyDumpy, 20 Mar 2024 18:37
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.
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…
Started: Cruusoe, 20 Mar 2024 12:33
Last post: Cruusoe, 20 Mar 2024 14:04
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.
Started: Clank, 19 Mar 2024 07:28
Last post: Cruusoe, 20 Mar 2024 06:42
Hopefully you will be next
@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.
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.
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.
Started: Salty1Pete, 19 Mar 2024 10:26
Last post: Hardboy, 19 Mar 2024 17:36
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.
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.
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.
Started: driftking27, 19 Mar 2024 15:42
Last post: Reader61, 19 Mar 2024 16:02
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!!
Started: stargate, 19 Mar 2024 10:59
Last post: stargate, 19 Mar 2024 10:59
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
Started: Alessandro, 11 Mar 2024 11:51
Last post: Alessandro, 11 Mar 2024 11:51
"Aptamer and Unilever are now drafting patent applications to protect these developments and downstream commercial applications."
What on earth is Unilever going to put into market, this does not look like a consumer good product?!
Started: Alessandro, 7 Mar 2024 14:37
Last post: ggplyr, 7 Mar 2024 16:26
Doubt it.
It probably won't be included as a qualifying company as it's not just a British business.
If it is included then so will a lot of FTSE all shares companies.
It probably won't affect how people invest, people in the UK already heavily favour UK listed equities.
It won't increase the amount of invested capital, 4million people took out stocks and shares ISAs in 21/22. So the absolute max increase in cash to UK equities is x £5k = 20bn. It won't be anywhere near this high of course, unless all 4m people have a spare 5k. I'd say you might get an extra 1bn inflow.
Market cap of FTSE 100 is 1500bn....so I really can't see it doing anything. Maybe I'm wrong, & the extra marketing around British ISAs might make people poor all of their ISA allowance in the UK equities.
May Unilever benefit from the British ISA.
Started: Cruusoe, 1 Mar 2024 08:39
Last post: Cruusoe, 1 Mar 2024 08:39
Customers leaving in their droves. Can’t keep shafting the customer by raising prices or they will switch to cheaper brands.
Started: Alessandro, 9 Feb 2024 15:28
Last post: mickey1, 27 Feb 2024 17:37
Porsche, Perhaps the share price is relative to ULVR being a very poorly run woke company, nothing to do with Brexit. You seem to want to blame everything on brexit, even though it's 8 years on. Get over it.
Alessandro, you're spot on.
Porsche1946 - Morgan Stanley noted that following a stronger performance in recent weeks, Unilever now trades at 17.6x 2024e price-to-earnings versus European Staples overall, on 17.4x.
How will a European listing add 30% to the share price?
Dividend doesn’t even keep pace with inflation so stagnant share price is capital destructive. Pointless share, far better off buying short dated treasuries, zero risk 5.50pc return. If ulvr had the sense to move listing to Europe or US shares would put on 30pc straight away, U.K. index terminal since 2016 brexit vote, net outflows every year since, it’s just maths, no buyers.
None of them unless you have paid to read the full report and its context.
Have you read the yearly update or seen the webcast? if not start there
UBS raises Unilever price target to 3,430 (3,400) pence - 'sell'
Jefferies raises Unilever price target to 3,400 (3,300) pence - 'underperform'
Berenberg cuts Unilever price target to 4,960 (5,110) pence - 'buy'
Haha thanks !
Three full years of stagnant dividends now, not very inspiring.
SP back to levels not seen since October 2023 so markets seem to like TU for Q4. Wait and see how the dust settles over next few weeks but promising update IMHO.
DJ14 you have the answer now
What do we reckon of the earnings ? A decrease in sales and revenue, sending the share price down? (as consumers are looking for cheaper alternative products else where i.e Lidl and Aldi) ... or... good 'expected met' earnings showing that Unilever is resilient during hard economic times ?
Started: Alessandro, 24 Jan 2024 13:20
Last post: Alessandro, 24 Jan 2024 13:20
P&G seem to be doing better than I expected. Unilever is quite not the same as P&G as in my view. P&G has a stronger moat thanks to some of its product lines. Waiting for the 8th of Feb now..
Started: Alessandro, 19 Jan 2024 09:06
Last post: Alessandro, 19 Jan 2024 09:06
* Shares of Hindustan Unilever flat at 2,545 rupees; analysts flag "intense competition", rural slowdown ahead of Q3 results later in the day
* Analysts on avg expect Indian unit of UK's Unilever's profit to rise 7% to 26.8 billion rupees ($322.38 million) – possibly its slowest rise in 5 qtrs - LSEG data
* Regional companies making a comeback in several categories due to better quality products, affecting HLL - Elara Capital
* Brokerage also flags "intense competition" among HLL, Britannia and Dabur
* Centrum says competition lies in soaps and detergents segment; sees rev growth of 3.5% with price cuts boosting volumes, adding growth limited due to rural slowdown in central India
* BOBCAPS sees HLL's volumes rising just 2%; Jefferies eyes HLL commentary balanced between volume push and margin recovery
* Stock rated "buy" on avg, in line with most other stocks on 15-member Nifty FMCG index – LSEG data
Started: Gerry557, 18 Jan 2024 10:41
Last post: Gerry557, 18 Jan 2024 10:41
I normally add during the spring dip. Unfortunately there wasn't one last year. This years has started early so I have taken what was on the table and added a few more. Normally a divi hunter but these are offering 4% and I think they grew last year and generally have a rising trend. My originals have more than doubled their yield. additionally the SP is well under the 200 day average
Hopefully the idiots that sometimes run a business will be swapped with more capable idiots. I wonder where this would be if Mr Buffet had managed to get them for £44.
Id be interested in his current valuation.
Started: Alessandro, 18 Jan 2024 08:49
Last post: Alessandro, 18 Jan 2024 08:49
Ben and Jerry’s has called for a permanent ceasefire in Gaza, in a move that risks reigniting tensions with parent company Unilever over the ice cream maker’s stance on Israeli policies.
The decision follows a long-running dispute between the parent and subsidiary over the ice cream brand’s attempt in 2021 to stop selling its products in occupied Palestinian territories.
To prevent the move, Unilever sold the Israeli arm of the brand to a local licensee. Ben and Jerry’s responded by filing a lawsuit against Unilever, in a rare case of a company being sued by its own subsidiary. Unilever said in December 2022 that the lawsuit had been resolved, and the Israeli business is now owned by local licensee Avi Zinger.
The ice cream maker's board chair Anuradha Mittal told the FT: 'Peace is a core value of Ben & Jerry’s.'
Started: theancientmarine, 2 Jan 2024 09:01
Last post: theancientmarine, 5 Jan 2024 18:14
Https://uk.finance.yahoo.com/news/3-cheap-uk-shares-d-154447050.html
Consumer goods behemoth Unilever (LSE: ULVR) is a great example of a company that looks to be (temporarily) out of favour. A cost-of-living crisis has pushed at least some consumers to switch from well-known brands to cheaper alternatives, hindering sales growth.
But it’s exactly these short-term headwinds that I’m looking for.
Right now, Unilever shares change hands for 16 times expected earnings. That doesn’t look screamingly cheap at face value. However, it’s lower than the valuation over the last five years. That’s the important bit for me. One should never compare apples with oranges, or Unilever with, say, a banking or oil stock.
With the economic climate still uncertain, it could be a while before the market warms to this company again.
Still, there’s a market-beating 4.1% yield in the offing as things stand. That’s more than enough to keep me patient until (I’m assuming) habitual spending patterns return.
Unilever wants to tap UEFA EURO 2024's live audience of 5 billion people worldwide
Unilever kicked off a multi-brand partnership with UEFA EURO 2024 in December 2023.
FMCG juggernaut Unilever and The Union of European Football Associations (UEFA) kicked off a multi-brand partnership in December 2023, naming brands from Unilever’s Nutrition and Personal Care Business Groups as Official Sponsors of UEFA EURO 2024. Some of Unilever’s best-known Nutrition and Personal Care brands, from Hellmann’s and Knorr to Dove and Rexona (also known as Sure) were named as Official Sponsors of UEFA EURO 2024.
From Unilever’s portfolio of household brands, the Nutrition brands that will activate throughout UEFA EURO 2024 include Hellmann’s, Calve, Knorr, Colman’s, Amora, and The Vegetarian Butcher. Building on Unilever Personal Care’s record of sponsoring major sporting events and building a love of sport at a community level, Rexona (also known as Sure, Shield and Degree globally), Dove Men+Care, Axe (Lynx in the UK), Radox and Dusch Das are also Official Sponsors.
As the world’s most popular sport, millions of people will come together over their shared love of the game. It is anticipated that UEFA EURO 2024 will attract a cumulative live audience of 5 billion people worldwide. UEFA EURO 2024 will welcome 2.7 million fans in person as they watch 51 matches across ten German cities.
Peter Dekkers, Nutrition General Manager Europe, Unilever said: “The enjoyment of food plays such an important role in how we come together with friends and family over sporting events, whether we’re watching together with thousands of others in stadia or cheering from the comforts of home. Unilever Nutrition brands are proud to be part of this huge European event, which also has global appeal, and to reach more people through their love of football.”
Fulvio Guarneri, Personal Care General Manager Europe said: “It is a great source of pride for us to be supporting UEFA EURO 2024. Our Personal Care brands are all about helping people to feel clean and confident, and to participate in sports, so this is a great way to engage with the millions of consumers who will be coming together during the tournament, whether supporting their national teams or building a love of football in communities."
“We are delighted to announce our partnership with Unilever for UEFA EURO 2024, a collaboration that celebrates a shared passion and commitment to connecting with football fans across Europe and the world," said Guy-Laurent Epstein, Marketing Director at UEFA. “Unilever’s nutrition and personal care brand portfolio reaches billions of people every day, and I am confident that together we will bring a new dimension of engagement and excitement to fans everywhere.”
Started: Alessandro, 28 Dec 2023 08:55
Last post: Alessandro, 28 Dec 2023 08:55
Https://www.unilever.com/news/press-and-media/press-releases/2023/unilever-to-acquire-premium-haircare-brand-k18/
I don't see the acquisition fitting in the strategy to focus on the top brands to drive growth.
The product is very expensive and addresses a public where Unilever does not operate.
Started: markbantam, 18 Dec 2023 20:40
Last post: theancientmarine, 19 Dec 2023 13:02
ULVR will likely be extremely cautious prior to engaging in any notable M&A activity, especially post the fiasco of GSK/HLN bid attempts by the previous ULVR CEO Alan Jope which probably cost him his job!
In general this is good news, they are doubling down on the strongest and hopefully most profitable brands, and getting rid of some of the excess or less well performing ones. The key is these disposals will impact revenue, but if we get some cash for them and can deploy the cash in better places then great. Now it will be interesting to see when the cash hits the balance sheet where it might go, capex? other m&a? buyback? debt pay down?
"Consumer goods giant Unilever (ULVR.L) on Monday said it would sell Elida Beauty, its non-core beauty and personal care division, to U.S. private equity firm Yellow Wood Partners.The financial terms of the deal, expected to be completed in mid-2024, were not disclosed. Elida's portfolio comprises of more than 20 beauty and personal care brands including Q-Tips, Brut, Caress, Timotei and Tigi and the business generated about 800 million pounds ($1.02 billion) in revenues in 2022."
https://www.reuters.com/markets/deals/unilever-sell-elida-beauty-yellow-wood-2023-12-18/
Anyones thoughts on this and how this will change the business/share price