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Bought in 8% drop total punt no research other that I new name and aware of business & brands but got shares at £50.28 into sipp so long game thought worth gamble in long run or even quick return if overdone seems very big drop considering pedigree end day I am not exactly loaded up should worst occur no warren bufffet any thoughts
Recketts
Hi easyinvester, I did exactly the same. I bought 100 shares at 5018p for my ISA without much research simply because it had fallen so far. A punt on a "dead cat" bounce you might say! I owned them many years ago and I see the price has fallen to a ten year low. The products are safe, if a little boring, they aren't going bust and I might get a divi while I wait for the cat to do it's stuff.
Hopefully bottom reached this Morning. Didn`t expect to drop this far but has been punished by the Market on sloppy Management. Last buy for Me at £49.26 and a hold for a few weeks until divi date. Oversold big time so hope punters got some stock in.
I've been tracking this stock since credit crunch days, its a whale stock specialising in FMCG market so it survives turmoil and doesn't miss dividend payouts... today drop has just made it a bargain buy, personally a few more pips drop would be welcome for a top up and hold till turmoil settles and it returns to form above 6000
GLA DYR
RKT purchases own shares..
https://www.investments.halifax.co.uk/research-centre/news-centre/article/?id=34124477&type=rns
Well, this looks like the bounce. I'm out at 5246p having made more in two weeks than I would have if kept the cash on deposit.
RKT
Wow! It fell like a stone this morning despite the buy back programme. Not tempted to try for another dead cat bounce, there is a serious seller lurking in the wings.
Baby formula fine in U.S. $60m.
Isolated case?
They will appeal anyway.
Doing business in the US as a UK company is full of risk , look at BP and the 50bn hit they took over the years , it’s not a level playing field in the courts out there , take a look at Boeing , do not see them in court and there is a lot they have got wrong, very worrying for Reckitts
Guird - You are quite right. American jurors absolutely love to 'stick it' to non-American companies who have the temerity to trade in their markets, failing to comprehend the contribution to their economy in terms of employment and taxes. As you mentioned, this was demonstrably the case regarding the treatment of BP. I was living in southern Alabama when the Deepwater Horizon event occurred , and my partner and I drove down to the gulf several times to see what was going on, over the course of a few months. In the early stages, there was a terrible smell, but not once did we actually see any oil on any of the beaches. However, the locals, with the backing of their representatives were having an absolute field day. They had political backing right up to the Oval Office, with Barrack Obama making some highly inflammatory comments. You wouldn't believe the number of businesses (tourism, restaurant, fishing) which were completely revamped on BP's coin, and then some. No-one would deny that BP screwed up royally (well actually their subcontractor, but..) and they did need to be held responsible - but the claims and litigation were distinctly anti-British.
Now with respect to Illinois, I think it has one of, if not the largest 'Irish' population outside of Ireland. When I worked in NYC, the IRA would hold fund-raising events right outside my office on Madison Avenue, with the support of both the average American office worker and the authorities. Americans' definition of terrorists is very flexible. The fact that the Illinois jury awarded more than double the plaintiff's claim speaks volumes. I'll leave this here...
On a separate issue, my former wife gave birth to my beautiful twin daughters in Santa Monica in the late'80s. As is usual for twins, they were premature, by slightly over a month. From the moment her pregnancy was confirmed until my daughters were walking, the pre and post natal care was exemplary. Of course, it was stressed that breast milk is the ideal nutrition, but many mothers, especially with multiple births, with the best will in the world, struggle to produce sufficient milk. But new-born babies and especially pre-matures need nutrition, and if the mother is struggling, formula is pretty much the only option. My girls seemed to favour Enfamil, so that's what they lived on until they could tolerate cows' milk. My point is - infant formula is not breast milk. Everyone knows it's a compromise. It's down to the paediatric team to indicate and monitor its use, especially in compromised babies. If there is a case to answer, it should be focussed on the care protocols, not the highly researched and developed product which has undoubtedly saved millions of young lives over the decades.
Interesting perspective - however my understanding is the case was against Mead Johnson USA- the subsidiary - hence would the jury not have thought the defendants were American