Reckitt Benckiser Share Discussion Threads

[pkvidean] 20/4/2002 23:58

Colgate/Palmolive dropped 7.4% last week following Q1 results (seemed good to me but maybe only in line with expectations). RB. continues to track that one very closely and hence the weakness. Plenty of time to get this one on the downshift - the best things come to those that patiently wait. Still targetting 1307p for Tranche 2 and will probably go Long on the hedge at about 1136.50p and pick up a few quid before the kill! IMHO.

[spyderman] 15/4/2002 21:51

couldnt find the Q1 trading statement on this site

[pkvidean] 15/4/2002 15:37

On second thoughts, just noticed the RNS and checked out Colgate/Palmolive (P/E = 29.1) and glanced at the P/E for Proctor & Gamble (40.7). Got a feeling RB. is going to get to a historic P/E in line with Colgate/Palmolive which would take it to 1349p - so I'll wait until 1307p before I have another look! IMHO.

[mayjuli] 10/4/2002 16:48

I did, I spoke too soon, Ouch!

[mayjuli] 08/4/2002 15:20

It looks like RB.'s rise has halted.

[pkvidean] 27/3/2002 18:21

Hi Mayjuli,

See previous posts - I was going to Add to my short i.e. sell more. As it is, I am content to Hold for now. Not really expecting to make money on this one now although valuation is starting to become stretched. Resources/nerve permitting I'll Add to short @ about 1307p (assuming it gets there). My shorting tends to be more of the defensive variety - just in case the market goes pear shaped. Longs currently doing really well but important to have protection!

1204p today. Looks like I should have gone for Tranche 2 at that point as it ran into some real profit taking. IMHO.

[mayjuli] 27/3/2002 10:59

pkvidean.

What were you planning to do at 1207, the target you've raised to 1307? Buy sell or what????

[pkvidean] 26/3/2002 18:07

Not so relaxed after todays performance! RB. starting to look far too dangerous! I'm raising Tranche 2 target to 1307p as I reckon there is plenty more in the tank, particularly as cyclicals are likely to cool for a while resulting in a further spate of defensive growth domination! IMHO.

[pkvidean] 18/3/2002 18:24

Yes JL202, I'm still expecting the 1207p but relaxed either way!

[jl202] 18/3/2002 14:12

off Friday's high on low volume,,

[pkvidean] 15/3/2002 22:11

New high of 1173p today.

Yet another day of defensive bliss aka Institutional Ludditism! IMRO.

Nevertheless, I'm still holding short and waiting for 1207p for Tranche 2!

[pkvidean] 08/3/2002 23:39

Looks about 6/4 against that 1161.5p was the top as reckon we could see one more defensive binge before Cyclicals (and hopefilly TMTs) start to dominate (assuming recovery story holds up). Hope not, as still holding June short @ 1107p. My Add to short target retained @ 1207p, especially as RB.'s excellent business is more than capable of doing an IMT. Guys, do not forget about the 1300p (adjusted to 1211.5p) in 1998! IMRO.

[jl202] 08/3/2002 14:24

As a key defensive over the last 2 years now might be a good time to take profits,,

Rgds

[brain smiley] 07/3/2002 21:37

This one is struggling now..not rallying with he market only a few non believers in the economic recovery holding this up.DOWN DOWN DOWN TO 10.50.

[jl202] 25/2/2002 22:36

there's no hint of an EGS here, slow swing trading in a wide range only. Agree now would be a good time to take profits, or rather, once it has topped!! Wait for a pullback to confirm the end of the rally and then take profits. There is every sign then that this share can be bought on the dip.

Rgds,,

[pkvidean] 25/2/2002 17:43

RB. only managed a rise to 1153p and closed at top with another 3.5 year high. Probably more in the tank tomorrow especially as there is no current sign of the collapse of the Dow. But sentiment can change very quickly in this fragile market. IMRO.

[pkvidean] 24/2/2002 11:54

FWIW, RB. tipped in Observer today - could have assisted on Friday!

On the back of that I'll give it 50p on Monday to an intra-day high of 1181p before profit-taking and possible adverse Dow futures. Adding to my short @ circa 1181p is not an option for me as 1207p is my next Add to Short target but watchers may see this as an attractive entry point! IMRO.

[pkvidean] 23/2/2002 05:53

Yes Jl202, the trend is very firmly up, but this momentum thing does not cut much ice with me!

Anybody purchasing RB. at these levels is asking for trouble - buy low and sell high. Holding now for further gains is both greedy and stupid! The institutions and MMs may continue to support the price in the short-term but if the Dow collapses then even RB. will lose 30% very quickly (on profit taking and panic selling) and if green shoots start to appear they will switch to Media, Telecoms, Engineers, Support Services, Leisure, Chemicals and Transport. IMRO.

[jl202] 22/2/2002 17:08

These guys are Sterling, have been since they trounced every other shares performance in 2000,

[pkvidean] 22/2/2002 16:27

Blimey guvnor its just gone and deposited 1142p. Manipulators may start to "function" @ circa 1165p! IMRO.

[pkvidean] 22/2/2002 16:25

the, should have continued US to turn pear shaped.