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Rebound has started, 4% today. Hopefully we touch 7000p tomorrow!!
Big rebound coming IMO.
https://finance.yahoo.com/news/reckitt-benckiser-group-plc-lon-034805756.html
Recent Director purchases..
https://www.ii.co.uk/analysis-commentary/insider-reckitt-top-brass-buy-big-ii514326
https://seekingalpha.com/article/4396299-reckitt-benckiser-long-term-winner-even-after-pandemic
Due a re-bound?
79.06 on 2nd August. 64.94 now.
Quarterly results due to end of Jan. 1/2 year and 3rd quarter all positive.
Covid-stock
Added a few to my long term holding, only 32 in my SIPP, but seemed worth it after recent drops, and with everything else heading northwards
UBS RAISES RECKITT BENCKISER PRICE TARGET TO 8,750 (8,600) PENCE - 'BUY'
BARCLAYS RAISES RECKITT BENCKISER PRICE TARGET TO 9,600 (9,200) PENCE - 'OVERWEIGHT'
DZ BANK RAISES FAIR VALUE FOR RECKITT BENCKISER TO 8,800 (8,750) PENCE
picstloup, you must have a very good percentage return if you've held since the 1980s!
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
Terrible brokers DZ may usually be, but on this occasion at least they got it spot on as the price is now £78. These were the first shares I ever owned, back in the 80s when they were still Reckitt and Colman. And not selling any time soon.
Word of warning Modsto Deutsche bank are terrible brokers as they only give German companies preferential treatment. Don’t follow because every target they put in place is wrong. It shows in there bank itself being in an utter mess and near bankruptcy..
RB is A LONG buy, it has products that every mankind-needs and is like a defensive play.
Today CITI has 8100p as target.
Also LSE needs to update the EPS on this share, it’s sat at minus since January, it has a P/E of 15.5times. So it’s cheap to FTSE 16.5 times.
DZ Bank says buy and targets £78 .
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.
Byotrol offers more room for a substantial uplift if Corona V - mania really hits! Still Sub-4p. IMO
Wrong board
Sorry
Someone said I was making it up!
It took a bit of funding but here is the link
https://www.manchestereveningnews.co.uk/business/business-news/bug-busting-byotrol-targets-us-military-697236