Quite a hike in price....
Interesting.. |
If you look at CRODA using this basic formula:
Assets - Liabilities / Market Cap..... It is better value than many of its FTSE100 competitors:
Smith & Nephew 0.58
Croda 0.53
Haleon 0.50
Hikma 0.48
Glaxo 0.24
Astrazenca 0.23
Unilever 0.16
CRODA needs a new BLOCKBUSTER drug......
Will it buy the whole of SBTX to make certain it gets it?
Or will CRODA itself get taken over by one of the others? |
Nice to see Croda head back into the blue...
(sorry for constantly looking at the price - I'm looking
for evidence that this drug supertanker is slowly turning from
bear run to bull run... |
It would be great to finish blue today...
The market generally is up..
So touchwood - should be OK for CRODA too... |
Croda appears to be pushing on. |
there she blows |
ST:
Yes the World Economic Forum report:
Tied in with what google AI says (every time you do the search Google AI always picks CRODA first then the partner (Unilever) changes each time:
AI Overview
Learn more
Croda Beauty and Unilever are cosmetics companies that have committed to becoming climate, land, and people positive by 2030. They are working on initiatives to reduce their environmental impact and support sustainability.
Croda Beauty
Climate positive: Croda Beauty is reducing its carbon footprint by using renewable energy sources, improving manufacturing processes, and using more bio-based raw materials
Land positive: Croda Beauty aims to save more land than it uses to grow its ingredients
People positive: Croda Beauty is committed to the health, safety, and wellbeing of its employees and contractors |
We're now at the price CRODA was in 2016 - 9 years ago. Lets hope this is the start of a recovery or at least a correction upwards for a year or two.5000 looks to be a reasonable target (over a year or two), if results OK...ish... And the market generally appears a bit buoyant. |
That is my view too |
#Net, nibbling away around here could be well rewarded, I will pick up a few and wait for the FY results, looking at H1-24 vs H1-23 the PBT was off -17% and energy has not gone down so I expect FY24/23 to be similar, results could offer up some bargains then too, no one gets the bottom on their full holding, the average is what matters on what we hoover up over 2025..
See where we go next.. |
Thanks LLB: I'm in for attempted bottom picking - but will top up again if I am wrong...
But so far so good...
Touchwood |
Reading Sir JR comment from Ineos, the chemical sector is in valuation decline primarily driven by the increasing energy costs, in the UK industry pay double many European countries and up to 4 times the US prices, with Mad Milliband in Gov and the drive to net zero at all costs as JR closes some of his business operations it is unlikely that energy costs will be coming down going forward..
I like the share, the companies history and the dividend record, but is 3200 the bottom..?
FY24 results 25th of Feb 2025 for the comparison on EPS.. |
Seems to be recovery a tiny bit. But still a heck of a long way to go. |
Starting to think the fall is overdone now....Tempted to start taking a position? Was sorta waiting for 3000 but this appears overdone? |
Final results 25th Feb so 21 times earning might change soon..
I think the key to Croda will be its "green" credentials in the cosmetic market....
Anyway, I feel its gone pretty low and now its the finals...
Should be interesting..
But if goes to 3000p range I might buy more... Who knows.
I'll wait and see what the results bring... |
major supplier to EL which has been blown up due to china. these two have moved almost hand in hand down over the last few years. croda still on 21 times 25 earnings. not cheap although constantly pushed as a TO target these days. yet shares keep hits new lows. |
Battered today for no obvious reason.
Could it be the shorting brigade behind it ?
[...] |
I am watching with interest. Looking to buy in sub 3000p |
I've bought some... I think its a good pairing with my SBTX (Skin Bio Tech)... |
3200 and under here today with the dividend yield picking up at 3.4% now, perhaps 3000 will be here before the TU 25.02.2025..?
Still waiting to add, but has to be getting closer now, the 30 years record of maintaining raised dividends is attractive with income for life.. |
The only news I found today is this:
Morgan Stanley cuts Croda International to 'equal-weight' (overweight) - price target 3,700 (4,300) pence. |
When I was looking yesterday and saw the rise, I thought 'have I missed the boat?' and this morning we are back down! |
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