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"hit by a GBP5.04 billion impairment of goodwill in respect of the Mead Johnson Nutrition acquisition"
5bln!! good time to add.
Rakesh Kapoor gave himself massive pay rise for simply being lucky to be at the right place at the right time. Where is the performance in the last 12 months to justify his massive payslip?
BTW, he is one of those whose first 3 days of pay exceeded the average worker's wage.
In the new year mid Jan this share should be flying!!!
Back in @6185
Yep looks like I got away in time. 6% drop from highs of last Friday. Wow!
Sold half today. Let the rest ride up to £70.
Massive rise today. Year High. Seems mkts liked the appointment of the new CEO. Glad to be holding
makes sense. would not buy in at least until new Ceo announced. ship adrift
Thats it for me- out.
2 yr high was 8000, probably hold perhaps buy again at 6500; are they making enough cleaning stuff ie floors, kitchens, toilets, bathrooms?- that's what they're good at or used to be. Directors were buying, seems a bit lukewarm now ie dividends. I thought this would be a long-term hold with basic business making bottles of cleaning gunk....?
Glad I stuck it out. But I don't see an awful lot more growth here.
Those that panicked and sold may have been mugged I'm afraid.
Around £62 now allowing for the dividend.
It does look like it is settling down and has held ok after Ex-divi. Another a statement regarding Indivior has been reassuring.
Allowing for the dividend the price is over £59.
ULVR update yesterday helped.
I just had to bail out of this share due to alot of uncertainties. I don't think it's a good idea to keep a share until ex-dividend date if you know the share will go down or you have a desire to sell. However, LTH should do their own research, and good luck.
Apologies about the typos. I've got a hyperactive, excitable kitten jumping around me atm!.
It should also be noted that in terms of the current yield and capital games
that's only for recent buyers.
I know someone who has her RB for 17 years, his yield worked out on purchase cost
is extraordinary, as is his capital gain!.
Agreed. 5400p is th area to watch here. 20-25% off SP area is the area I always top up on most of my shares in general.
Where I agree with the previous post, is on current low yield, potential for
commoditization in some product categories.
Expected the share price to come off over 10% on the news,
particularly given the very strong recent rum.
The fall to now has been milder than I anticipated. May still happen.
In terms of the litigation and potential liability, it's guesswork atm.
I thought 10-15% off the market cap may allow for most eventualities,
however this is a guesstimate on my part, nothing more. No one knows atm.
An imminent dividend suspension, as in the dividend already declared, is highly unlikely.
The current US litigation may take months to play out, or longer.
My2penneth, how likely do you think a divi suspension is, given it is declared and due next week.
I take your point and I certainly see no buy case, but that sort of action would be madness.
* Mead Johnson.
That's a cogent Sell case.
My own thoughts:
Net debt needs to be seen in the context of the cashflow.
Mede Johnson is an interesting opportunity longer term.
Splitting the business may create value.
That being said, I find it difficult to make a buy case around the current price.
I hold a small amount, just for transparency.
£54-55 would be a more attractive area to add, however the potential litigation
also needs watching re company valuation.
Dividend ? less than 3% and it might be suspended to pay for possible fines as the current balance sheet is stretched.
Share price - has fallen from £80 so there's no capital gain
Products - overpriced - buy equally good stuff (supermarket own)
lots of debt..
I must say I don't like this. The opoid scandal looks as though it is going to explode, already seen hints with Sackler
I would be surprised if RB didn't end up implicated. I will stick it out to ex divi, but very uneasy, will tighten up my stop order on this.