Reckitt Benckiser Share Discussion Threads

[l2e] 08/5/2003 07:37

currency crisis crushing sales in South America!

[l2e] 08/5/2003 07:36

currency crisis crushing sales in South America!

[crate] 10/4/2003 10:26

Morning CV
Broker upgrade to 1300 and end of share placement

[clairvoyant1] 10/4/2003 10:12

anybody know why this is so strong

[l2e] 04/4/2003 07:26

the bears want it under a tenner.....bounce?

[crontab] 21/2/2003 15:57

Decent short re-entry just below a tenner, perhaps?

[boram] 20/2/2003 11:52

Reckett Benckiser have picked up from yesterday's plunge, following the news that JAB Investments will not make another share placing in the next six months.

[cygnus] 20/2/2003 11:26

Sucker punch!

Stepped up to £9.69.

I jumped in, stepped up to £9.78 then fell all the way down.

It appears to be a trait of mine lately!

[pkvidean] 20/2/2003 00:49

I waited ages to get Bum Kisser and typically was not short at the appropriate time. Like Tobacco and other erstwhile defensive favourites this one is to be avoided (Long wise) although I expect it will bounce (temporarily) once the placing is sorted out. Still trades at a lofty PER and could ultimately go for a further 40% IMO - remember this was 716.5p in early 1999 (421.5p at the height of the technology bubble) and there are precious few companies that have held their early 1999 level.

[footsea] 19/2/2003 20:49

robfitz,
sorry for the delayed reply, I have been working non-stop since I posted in the morning.
I am not an expert on this company's fundamentals, but the chart is a clear sell. I echo what pkvidean has already posted. The company has a high P/E which after today's figures and earning revision is not justifiable ( at least based on the market's judgment! ).
I shorted it this morning at 984p. I missed the lows to bank a healthy profit in one day, but I am not too concerned. I would be surprised if it ended up blue tomorrow. The late rise today was nothing but a profit taking by those lucky people who shorted this yesterday. Let's face it, anybody would be happy with 140p profit per share in 24 hours! So I expect some more drop over the next couple of days.
And by the way, you have probably noticed by now that they have amended the date of Ex divi. It is going to be 26th of Feb.
Regards

[lguimaraes] 19/2/2003 17:23

wheres this going short term / long term

[lguimaraes] 19/2/2003 17:21

why did the share bounce from 9.20-9.57 near end of today business? in about 8 minutes

closed at 946-948

seriously oversold

[initiate] 19/2/2003 15:11

Patrick - I have just read through your posts RB. for the past year ! A lot of the time you seemed to be posting just for yourself, but they were interesting nevertheless. Any ideas if/when and how high RB. will bounce ?
Vic

[ttg100] 19/2/2003 10:57

mmmmmmmmm - nearly cheap enough for my "wrinkly fund"

[boram] 19/2/2003 10:28

Joh A Benckiser (JAB), the group's largest shareholder, has announced plans to raise £670m through a proposed placing of ordinary shares in the group, (JAB) said the proceeds would allow it to repurchase an indirect investment in JAB from a member of the controlling family.

[robfitz] 19/2/2003 09:17

Footsea,

Do you have any further predictions, like how low can this go and do you think it may be due a bounce which could be good bearing in mind ex-divi date on Friday?

Have not looked into anything about this company, just saw results up but prospects down.

Rob

[footsea] 19/2/2003 08:58

This is called " free fall " in market terminology.

[footsea] 19/2/2003 08:25

excellent shorting opportunity this morning.

[boram] 18/2/2003 13:38

Reckitt Benckiser, Finals are out Tomorrow.
Reckitt Benckiser is expected to please the market with its full year results, with analysts already prodicting an 18% rise in net profit.

[pkvidean] 01/10/2002 18:37

Thanks Brewer and nice chart.

Unfortunately, decided to close yesterday for a small loss (yet again). Pity, because today seems to have confirmed the fragility you have identified. Knowing my luck there will be a profit warning tomorrow.

[the brewer] 30/9/2002 23:02

I'll back you up pk, support at 1200 looks very fragile at moment, short from 1198

[pkvidean] 26/9/2002 11:01

I keep having a go at RB. (short) - latest effort at a not very clever 1184p - but so far this has been the most robust of the defensives (even stronger than Tobacco). Not even very volatile at the moment, trading in a tight range between 1194p and 1269p.

Go on RB., give us a break and shed a 100p and then you can dance up to 1350p or even higher for all I care !

[imasinner] 26/9/2002 10:58

i thinkt hat rb. has had a good run recently, and acording to elliot wave principle, it has just completed its fifth wave in is current up trend. It is close to breaking its demand line which started in july (also ftse july lows).
Tecnically the momentum indicators (RSI, ROs and Stochastics) are turning down, the relative (against FTSE) needs to turn down, and RB. needs to break its demand line before selling short (puts).
The other side is that the ftse has bounced of its July lows, which gives a potential short term rally, personally i think to 3950.
The questionis whether yo want to short this in a rising market...... !?!?!?!

[fairley] 15/7/2002 20:30

Looks like we are getting our move with not too far to go to hit the 1020 target. When the Chairman has to step in to talk up the figures I know we are better off on the short side. The real news is in the price but I admit this one has been hard to trade with so much volatility. This type of price action in itself is a sign of weakness. I take my hat off to those that had the bottle to stick with it. The retest of 1230 had me worried but has confirmed the downward trend. I expect some suport at these levels and maybe even a small reaction back but with such so called good news being greeted with a sell off it dosn't look good for RB. IMHO naturally and good luck in your trading.