RE: I’m thinking of buying Unilever but are they too much of a safe bet?20 Nov 2019 13:51
I'm also planning on investing in ULVR but not for the next few weeks. My reasoning is that the bulk of ULVR's earnings are non-sterling, and so its earnings and share price are likely to have an inverse correlation with the £.
If the bookies are right, the Conservative will win the election and provide Brexit clarity (not the kind of clarity I'm personally hoping for!) and from what I've read, this will trigger the £ rising in value. Ceteris paribus (ooh, check out my Latin 'O' level!), this should result in us getting our ULVR shares cheaper after the election.
Does that sound right or is my logic flawed?