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Sold half of what i bought 2 weeks ago at 218.5 for a nice 7% bonus. I'll be back with my cash again under 2.30. In the meantime i'll take 4% easy access.
As always way too heavy in LGEN, so happy to trim a few. But confident for the medium to long term.
Yes. I'm assuming 5.71p in September , then 14.63p next May for 20.34p payable for 2023. Based on the purchase last week at 218.5 that's 9.3% for FY 2023 & nearly 9.8% for FY 2024 assuming the 5% increase.
By then Mrs. Nelly & I will need to think about declaring our holdings. (only kidding for those of you that take it all a bit too seriously). But she will want a cabin upgrade on our next cruise.
Yep. Me too. 218.5. Trying not to worry about the short term SP, but is difficult when it drops everyday. As long as the dividends keep coming I'm reasonably OK. 9.2% for 2023, 9.7% next year. All compounded.
I'll no doubt be back again if we go below 210, but I kinda hope further rate rises are priced in.
I'd be happy to reinvest the dividends I receive between now and September at these levels.
Stargate - I've no idea what any of that means. I believe in the Easter Bunny more than chartists.
On a brighter note - it's the last day for Jope the Dope (or Joke if you prefer) to have any power to hold our company back. I hope they pull out all the stops for his leaving lunch.
For this reason, I believe the good times are on the horizon.
Thanks OBNW. Not flapping - just trying to understand. Do you think the size of the settlement will come into the public domain?
Don't we as shareholders deserve to know this information?
This is not something I can get my head round. Surely making a settlement is not a good thing? doesn't it open us up to more settlements? I appreciate that this fella was the best case the plaintiffs had.
Is there anyone with some real knowledge who can enlighten me.
I know the settlement details are not public, but a remember a figure of $500K being banded about for potential compensation. How would a settlement look compared to that? - 50%? 20%?
June 10, 2023 – Unilever PLC (LON:ULVR), a leading fast-moving consumer goods company, has been making headlines lately with its latest insider trading activity. Graeme Pitkethly, one of the company’s insiders, purchased three shares of ULVR stock on June 8th in a transaction that has stirred the interest of investors worldwide. This move is seen as a sign of confidence in the company and its future prospects.
FIH - Graeme has the same confidence in Unilever as I do in him. 3 share!! That's rocking the world.
So finally the oaf of a FD is going. I suppose better for him to announce his leaving than wait for 1st July to be sacked by a real CEO with enough financial nonce to understand just what a blithering imbecile he is.
Just a shame we have to withstanding him for up to another year. That must be why the SP is down today - nothing to do with product recalls.
If ever a man was promoted beyond his capabilities........
SD235 - i'll be going in again if it goes to 215p. That will take me back to the maximum I want to go in L&G & i'll be back to 40% of my portfolio here.
Was also at that point in mid March - and that came good with over 10% profit in a month.
And if they don't bounce back - then it's 9.5% P.A. based on 215p & 20.33p dividend for 2023.
Order placed @ 215p.
of course its dropping. I bought this morning.
Always drops when I buy. It's one of lifes certainties.
I think WB really based his entire investment strategy on selling just before I buy.
Nice to see £44 today on no news. Can only be the anticipation of Jope being gone forever in only 10 weeks :)
As far as the Russian thing goes - I'm no economic expert, but if ULVR trades in Russia & profits made in Russia are then moved out of Russia, then that must hurt the Russian economy in some small way? I know for a fact that the majority of the Russian population is against the war, but is too scared to say so. They still deserve Magnums.
Like I said before - soap & ice-cream is not helping the war effort. When Putin is dead the country will need to rebuild an economy & ULVR is there at the start.
Christ. Feel like I'm "all In" on LGEN.
Topped up on Friday 252p and again today at 242p for the same £ value. I was already too heavily into this one , but now its nearly 40% of my portfolio.
The thing is with 14p dividend to come I'm reading the SP as 228P. That's close to 9% yield for 2023. @ 20.33p/share.
Still have cash to play with on further drops. Hopefully it won't come to that. Would need to go sub 220p for me to go again. Hopefully also I'll be selling before the dividend back to a more comfortable position.
Ploughed in all the dividends i'm due fron LGEN, AV. MNG & PHNX this spring for an 8% return.
or may sell them again @ 2.75.......
Yeah. Nice.
Not sure that the news on future dividend is actually an enhancement. I'd understood that we were forecasting 33p for 2023 at the capital return last year?
A low to mid single digit % rise (say 4%) in cash terms. If after buyback share in issue reduce to 2,750m, that would still be 33p / share.
Frankly, who cares what the SP is unless you are trading? I've done it very successfully over the years & built a considerable holding here. The market is fickle & a slave to macro economics rather than LGENs results.
The only chance of me trading here now is re-investing some of my dividends, for which I want a low price.
Of course - if they suddenly shot up a pound I might need to re-evaluate
Not sure I'm understanding the phrase stagnation that seems to be getting banded about. Are we talking about the company, or just the SP? I certainly don't believe the company is stagnant, and with a new CEO on the way changes are bound to be afoot. I just hope the new CEO serves as well as Sir Nige.
Personally, I've been in & out of the LGEN boat just less than 5 years, but have traded probably 50 times on those years (maybe a bit less) & as a result have more than trebled my original holding (mostly due to Covid, Lis Truss & Whatever happened in Late 2018), so am running a dividend return of close to 25%.
So, I think my point is that yes - your 4% is fixed for now in a bond, but that is actually losing money in real terms. With am income share such as this the dividend is set to grow by 5% for the forseeable, so 7.8% this year, 8.2% next & 8.6 % after that. (all assuming 250P), and the chance of capital growth in these inflationary times. Of the price is not right - don't trade, Simple.
For me at least, I see bright future here om the long run.
For once I don't have a problem with Unilever selling its products in Russia. It's not like they're manufacturing weapons grade plutonium. The Russian people don't want this war. I know several personally (and a couple of Belarussians), who are against the war, as are their families at home. Why deprive them?
At the end of the day, if Putin fancies a Magnum & there are none in his local shop he'll just send the tanks into Latvia to pick one up.
Still looking forward to further board changes in the coming months (Bye bye Graeme, don't be blue).
So the new CEO is announced as Hein Schumacher & the SP jumps 1.25% in the day :) TBH - they could have appointed Mickey Mouse or Coco the Clown & the price would have been up - just anyone other than Jope = positive reaction.
Lets all hope that his first decision is to take the spineless oaf of a Finance Director out into the carpark & pelt him with rotten fruit. Eh Graeme ? Writing on the wall for you mate.
Hold on - Penny James is looking for a job (laughs uncontrollably). Oh god it hurts :)
We knew this day would come.
While there has been zero growth in the share price in the 5 years I've held LGEN, I feel that the company is much stronger than it was back then.
I feel that whoever picks up the reins will reap the benefits of the groundwork that has already ben done. Just hope they don't divert too much from the path set out.
Good luck Sir Nige (I know you'll be reading this :))