I had a quick skim through the RNS this morning and will digest further this evening.
My first impression was a more than decent set of figures.
There’s a bit of a market sell off today which coincided with the latest figures on inflation.
If EXPN is part of a SIPP or long term ISA then I wouldn’t worry.
Exactly that.
Out of favour.
Sentiment will return and at some point in the future fair value will out.
I’ve seen the tide beginning to turn (hopefully) on some of my other unloved holdings like SN, EXPN, SGE, ULVR, RKT...
Remember when Aviva was unloved and labelled a dog by some quarters?
LInk for the trading statement presentation.
https://www.connectmyevent.com/unilever/q1-2021/module/1199/watch-the-replay
Article in The Telegraph:
Britain’s military is to get an £80 billion upgrade as the Government announces a modernisation drive this month to get the Armed Forces ready for the wars of the future.
The Telegraph understands that is roughly what will be invested in improving military equipment over the next four years. The total over the next decade could get close to £200 billion.
More than a hundred aging Challenger 2 tanks will get new turrets, guns, sensors and engines, becoming more deadly in the battlefield, while new frigates are being acquired.
Rose to 0.7% which is ahead of expectations.
Probably explains some of the selling today given how margins could be squeezed. However, this is an ideal opportunity for management to look at efficiencies within the group.