My instinct tells me this will be back up to pre-covid 4500 in a year's time
based on - 1. moderate dividends 2. Cash rich 3. High buyer loyalty to famous brands 4 Many loyal customers still got high bank balance from saving on vacation spending and outside eating last 2 years 5. Most will ride the energy price hikes which will ease in 12 months
full year revenue reported for 2021 was £659 million, well down on pre covid levels in excess of £1,100 million cannot see any signs of getting back to these levels for a while yet ? Only thing going up is senior staff salaries at the mo ?
I was looking at the previous year financials on this web site. Most recent year shows a modest £10million profit. So my point remains thank you very much horlety
Senior mad a loss last year of 160 million Yet it has just shelled out USD100 million to buy hydraulics firm Spencer Aerospace
I accept they have not paid a dividend for 2 years, but I still cannot work out where they found the USD100 other than by borrowing up to their armpits ?
22% up on March price - not long now before they are back to pre virus price now that multiple virus waves ensure their hygiene products keep flying off the shelves
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 !