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I would argue that news about private equity looking for a buyout option is what made the SP move yesterday, nothing else.
Anyone that sold with the intent to buy back in after the excitement ebbed could be looking like a smart cookie by the end of the day as we are already back down to £13.96.
Very nice rise today. Can’t see any obvious specific catalyst for it, but after an awful September across my portfolio, nice to see some green movement.
As an alternative view point, the last time the SP did this was following the news of Elliot taking a position. Then over a few months the SP dribbled all the way back down to where it had started, pre news. Maybe the sellers are hoping for another since rinse and repeat?
Oct 7 (Reuters) - Coca Cola HBC AG :
COCA-COLA HBC AG - COCA-COLA HBC COMPLETES CAFFE VERGNANO INVESTMENT
8% in the red here.
Very long term I think it’s a safe dividend earner. A company that has an environmentally conscious approach, and even if I am living on Mars I’m going to want my Ben & Jerry’s and Domestos etc. If we recall the advice of Benjamin Graham, be on the lookout for popular successful companies that are just out of favour. I think that is what we are seeing in Unilever at the moment. It’s just a case of where does the downward trajectory of the SP settle.
Unless they plan to buy and distribute if needed?
Maybe we will get some more details next week? There is a lot of wiggle room in the brief.
I guess the optimist side of the coin is to prevent private healthcare from buying up all the supplies, suggesting the US is expecting bigger issues over the winter maybe?
I would agree about the costs being passed on, at least to some degree. Until product wholesale prices go up, the impact is eating into margins for this quarter.
And once they do go up, products become more expensive at a time when people have less money to spend and might be more likely to reach for the economy / off brand version. It’s one of the few cost saving measures the average person can employ because they don’t have a ‘economy’ choice when paying for petrol / diesel, electricity and gas etc.
If you subscribe to the idea that the myriad of economic problems are the growing pains of a global economy coming back to fill wakefulness, I think this could be an opportunity to load up on ULVR for the long term. But I am watching to see if we retest the low £37’s and which direction we go from there before diving in. I’m in the red on my ULVR holdings already, but I think they will come good in the long run, and I’ll be adding more at the right price.
Stranger on the internet / DYOR / just an opinion.
Sadly not a lot to say I think.
As far as I can tell, the SP has taken a kicking for two main reasons
1) The sell off of shares by US states (and I assume some others) because of the B&J situation.
2) General inflation of costs for all parts of the supply chain, from raw materials to manufacture and on to transport.
Looking at the SP graph, we could well be heading down to test the three year low, at the low end of £37. I imagine any TA of the SP would be running for the hills if it drops below £37.
A bounce off £37 would be a strong buy to me.
Thoughts / opinions?
Reuters) - British Airways said it would push ahead with plans for a short-haul service at London's no.2 airport Gatwick after pilots backed the move for a new low-cost unit that could better compete with rivals like easyJet .
The decision marks a change of direction after the airline, owned by IAG , said two weeks ago it would scrap its plans for a new service, blaming pilots for rejecting the proposal. Shares in easyJet were down 2.5%.
However BA will still have to consult with other unions and stakeholders before deciding whether to definitely go ahead.
"We will now further develop our proposal to provide a full-service short-haul subsidiary operation at Gatwick, offering competitive fares to our customers," it said in a statement.
"We will continue discussions with our colleagues, trade unions, suppliers and other stakeholders, following this positive result, and if we can agree a way forward with all parties, we would hope to begin operations next summer."?
BA is rebuilding its operations after it retrenched during the pandemic, shifting most of its flying to its main hub at Britain's biggest airport Heathrow.
It had said it would only rebuild its European network from Gatwick, where easyJet is the biggest airline, if it could make it profitable.
The British Airline Pilots' Association (BALPA) said it had now concluded an agreement with BA over pay and working conditions.
Acting General Secretary at BALPA, Martin Chalk, said the agreement was now BA's preferred option for Gatwick.
"We understand BA is continuing its discussions with other stakeholders with a view to relaunching operations next summer. We expect BA to reach a final decision shortly."
(Reporting by Kate Holton, Editing by Paul Sandle)
((kate.holton@thomsonreuters.com; 0044 207 542 8560; Reuters Messaging: kate.holton.thomsonreuters.com@reuters.net))
Oct 4 (Reuters) - London-based drugmaker GlaxoSmithKline PLC said on Monday it signed a deal to supply 10,000 doses of its COVID-19 monoclonal antibody therapy to the Canadian government.
(CercleFinance.com) - GlaxoSmithKline has entered into an advance purchase agreement with the US military for the supply of sotrovimab, the experimental treatment against Covid-19 that it is currently developing with Vir Biotechnology. In a notice published on its website, the Pentagon specifies that its order for this treatment, composed of monoclonal antibodies, is worth nearly 280 million dollars.
Nice to see some more forward progress. Would have been nice to see a better reaction from the SP, but I suppose more focus is on the upcoming split.
So, if we took up our rights and bought the extra shares, when should they show up in our accounts?
My online broker required me to have exercised my rights by close of business today. I’m guessing maybe the 27th? But I don’t know.
Hi Hexham,
Thanks for taking the time to reply. I wondered if you had to factor in the ‘value’ of the rights themselves, or just the 410GBX paid for the new shares themselves.
Looking at the actual ‘out of my pocket’ expenses seems the most common sense approach.
Thanks again.