Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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what does this say out the prospects for Unilever's existing brands.
Jope out ! Rafa Benitez style
Anyone got a banner we can unfurl outside the Unilever HQ ?
Next trade update will be flat I expect, but I have bought back in as I think it’s a good sp at the moment and hold for a year maybe. :-)
Fool says it's a good opportunity to buy both GSK and ULVR. Just took some profits from GSK however and I don't think ULVR is a ripe buy at the moment. The bid looked too much like a desperate measure to me.
Arthur, a lot depends on the next trading update.
..
"One would certainly have to include the CFO in that review too."
They haven't paid down the extra debt they took on in 2018 yet. With a debt to equity ratio at 132.8%, I really don't think they should be talking to their banks to add more debt to increase the offer on this bid!
Credibility of the top team arguably in tatters.
One has to question the credibility of the current leadership if they continue with this deal when the SP is crashing.
3569 on T212. Surely this price and over a 4% divi is cheap?
Average down or hold?
Is the price drop due to the US as i think they were closed yesterday as public holiday.
I’d wait six months, twelve months and then go back when the stock crashes
One would certainly have to include the CFO in that review too.
Oh dear!
Managed to get my average down to 37.60 and picked up 110 more shares.....other wise a self inflicted crap day by the BOD.
At this rate it will be unilever fighting off the take over sharks......disappointing day.....quite unnecessary
NoQuestionMarks
To be honest I'm not sure why GSK is splitting. I know Woody called for it years back when he had a fund to run. Plus if its so good, why sell.
I suppose the tax issues over a deal complicate things more than just splitting off that part. I was hoping we might get more indication how the split would work for GSK shareholders before a deal was muted but ime and timing might be as important as the price.
fatprofits, why would the BOD try for a deal like this in the first place without consulting, at least teasing out, the major II's ? There were three rejected offers, surely plenty of time. A lot of preparatory costly admin work must also have been done, as not exactly like bidding for a used car !! Hopefully, narcissism won't dominate like it did when RBS took over ABN Ambro just before 2008/9 Crisis and Tesco spent over £1b to expand into USA !! Their lowest paid staff would have done better !!
buddhablog, maybe if you sold /reversed what you do, the sp might go up for the rest of us ??!!
Again I find myself in Ulvr Groundhog Day: the price falls; I top up and wait a few months; the price then falls more and I top up again and again and again!
Can’t decide if it’s me or Ulvr who is mad!
Praying for activists now!
Agreed,
Hopefully the board will back off, cease the excessive wokery and get on with running the company more profitably.
If anyone does not understand then
perhaps the stock market is not for you.
This is Not in the hands of the CEO and CFO/
wider BOD.
It's institutional investors that have the final say and there
is no way it will get backing.
lots of attempted face saving as Unilever walk away.
In 30 years I can't ever remember such a negative initial
reaction to a UK mega bid - its toast.
Some nice fun and games, giving a few of us the chance to grab some cheap shares. Good job the offer was refused IMO.
Gerry,
Walking forever suits me fine.
I want the board to squeeze more profit out of the £90bn of brands they have at their disposal.
Handing them another 40, 50 or 60 billion pounds is not top of my list.
Norrab, agree with you totally. There is an awful lot of revenue for PE to syphon off. Just think of all the cost savings. Borrow like crazy against the assets, goose the numbers and when it is all going to turn to sh*t have an IPO and retain an interest in the Crown Jewels. If that is not an option try a SPAC. Tried and tested formula beloved of Wall Street's finest viz Blackrock, Bain and KKR. God bless capitalism!
"I would leave a £40-£45bn cheeky offer on the table for 14 days and walk away."
You will be walking for a long time. I dint want to deal at £50B but now, sure £10B less is fine! Oh and dont worry about those shares you were going to give me dropping 7% either.
As a GSK shareholder too ........ your fired!