RE: Unilever RNS19 Mar 2024 08:37
The thing with Unilever is that they haven't spent £15M on a seperation initiative just to be thinking about it. That seperation is starting right now.
We seem to have spent £15M of company and shareholder money just so we can just give it a Gucci mention in an analysts meeting here or there and drop it to the press now and again, whilst it has to be said, the Division that was most likely to go down that route (Nutrition) now seems, according to Jeffries, to be having a difficult start to the year.
I'd like to buy more shares but so many things seem to be happening that are non-shareholder friendly atm and there is lack of appetite off II's and just a general mallaise in sentiment that is putting me off. (Redundancies, 2nd Jan RNS, Latest Iain Mac sideways shuffle, Jeffries pointing to difficult start to the year for Nutrition, Vivek going, Homebase loss? )
I thought it might move up prior to results but that just doesn't seem to be happening so its a wait for Q1 numbers and see what Kelso and OVMK have up their sleeve.