Broke the £47 barrier today - sure to continue to increase as we hit multiple second waves of the virus worldwide - yipee !.. Glad I cashed in BP and Shell 3 months ago and switch to Unilever - result - 15% gain in 3 months with more to come
up another 2% this morning , no doubt due to Spain news, etc prompting thoughts of a second wave of virus spread and thus need to stock up on Unilever hygenic products - Domestos , Jif , etc
With bank savings rates set to stay low for foreseeable future ; buying of every day consumables set to continue to increase with stay at home no foreign hols cash rich families ; plus move away from traditional oil companies now struggling with demise of petrol/diesel vehicles - I am predicting Unilever hits A 5200 price by XMAS 2020 as brokers advise clients to shift funds to this safe haven for a 3% plus dividend return - we shall see !