Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Perhaps Mondelez will buy sweet treats, and leave the left-overs for Nissin. The Cadbury license is up in June, pending an uncertain renewal - which at best will likely see a higher level of royalties leaving the pf coffers; or alternatively, the Cadbury business going from pf altogether. Any deal would be (marginally) better than no deal, as far as sp is concerned. Mondelez is in a bit of turmoil and change, too....under pressure to lift the share price or put itself up for sale...and uncertainty around the timing of the upcoming departure of the ceo/chairwoman....so both sides are distressed. Pladis is acquisition rabid and sees Mondelez as it's prime competitor...wouldn't surprise me if they tried to get Mondelez....or sweet treats, if the Cadbury deal goes from pf. No doubt Finsbury would be interested in the Cadbury business. McCormick has a new target in Reckitt....doubt they will be back with Nissin anywhere around. Interesting six months ahead...could be the end is nigh, lol. Probably the real reason the pension deal was set up....the recently celebrated 3-year reduction in pension deficit payments serves to make it more difficult for a new bidder to come in....poison pill number 2 - holding the pension deficit high. Blocking a sale is not in shareholder's best interests.
Are you Darby's mother?
I blame Darby's mother
LONDON MARKET OPEN: Hawkish Fed Minutes Give Concern As Unilever Acts Thu, 6th Apr 2017 08:41 LONDON (Alliance News) - Stocks in London opened lower on Thursday, with investors in Asia and Europe spooked by a set of "overly hawkish" US Federal Reserve minutes released on Wednesday, with policy makers saying they are ready to start reducing the US central bank's bloated USD4.5 trillion balance sheet this year. UK company news was highlighted by Unilever. The Anglo-Dutch consumer goods giant revealed the outcome of its strategic review, prompted by the failed takeover approach by Kraft Heinz, deciding to dispose of its Spreads business and combine its Foods and Refreshment units, as well as launching a EUR5.00 billion share buyback programme and promising to raise its dividend. ... Back in London, Unilever was up 0.6%. The Anglo-Dutch firm said the Spreads unit will either be sold or demerged. Meanwhile, it will establish an integrated Foods & Refreshment unit to be located in the Netherlands. Unilever said it will also launch a EUR5.00 billion buyback programme over the remainder of this year. Additionally, it intends to raise its dividend by 12% for the financial year. Unilever said it will announce the amount of its next quarterly dividend in a first quarter trading statement on April 20. Unilever has been under pressure to deliver more shareholder value, following its rejection of a USD143.00 billion takeover bid by US food giant Kraft Heinz in February. At the time Unilever said the offer fundamentally undervalued the firm ++++++++++++++++++++++++++++++++++++++++++++++++++++++++ So, one month later, and a plan is in place, to raise shareholder value. In comparison, over one year on, GD has done what? Pocketed more £££ for himself....anything I missed?
'Brands To Go' may be next.....a car-boot sale of brands to pay down debt Followed by, 'Senior Management To Go' - a twin-pack Seems obvious that the Nissin coupling was strictly a defensive play by Nissin, to keep PF out of McCormick's grasp....perhaps one day we'll learn that GD is on the Nissin payroll....right after he emigrates. GD did the back-door deal to continue milking the cow for his personal gain...he would have gone early with real bosses in charge. The lack of positive results 12 months on from the hook-up show that it was defensive, and only in Nissin's interests. If there was a plan before McC made a play, and if there was a positive reason for hopping into bed with Nissin, there would have been major news immediately, again after 3 months, then 6 months, etc., we wouldn't be a year on, wondering if anything good was going to come out of it...and hoping it is a rabbit in a hat that has been kept secret for 12 months...to what purpose? There was no plan. There was no impact. They've been trying to develop one ever since....profits should have improved, if this was a deal to benefit PF...sp would have jumped significantly if it was positive. GD seems to count on people forgetting what the facts were, or what he promised. Duck and dive today kind of person, it seems...get through one day at a time with bs, hope everyone forgets and do it again the next day...not CEO material, at all. The fact that sp has stayed so low shows what the big players think the Nissin relationship promised....it's the possibility of breaking away from that affair, which Oasis brings to the table, which is giving the sp the recent lift. GD should be forced to pay back his salary and bonuses for the past few years, and return his shares to the company, on his way to the lock-up. Is the FCA sleeping again? Another, 'well, we learned some lessons and could have done things differently, and we'll have to do a better job in the future'....I can hear it now...govt-speak, ha. The major investors/shareholders need to grow a pair and demand that he be set adrift.