Reckitt Benckiser Share Discussion Threads

[philanderer] 01/3/2024 14:27

Sold those that I bought yesterday at 4940p

[unastubbs] 01/3/2024 10:48

I'm still waiting. tbh I sucked my thumb yday (as Warren Buffet says!) I did nothing! I think ex-div could see it getting well under £48. But wtfdik 🙂😂

[action] 01/3/2024 10:02

Sold out for now. Will wait to enter.

[action] 29/2/2024 23:25

4900p by divi not possible. May be exd yes

[justiceforthemany] 29/2/2024 17:44

Big brands, essential goods, should be a defensive stock!

[justiceforthemany] 29/2/2024 17:43

Added some below 5000p.
Adjusted EPS 323p, still predicting single digit growth in 2024 so P/E 15.
Historically nearer 20x.

[unastubbs] 29/2/2024 14:36

RBC Capital Markets lowers target price on Reckitt - Share cast News

Analyst at RBC Capital Markets lowered their target price on consumer goods company Reckitt from 7,500.0p to 7,000.0p on Thursday but reiterated their 'outperform' rating on the stock, stating it was currently "bruised but undervalued".
RBC Capital said there was "a decent business" trying to be heard at Reckitt, but noted that right now it was not getting much airtime. Unlike previous hiatuses, Reckitt's "trade-spend reporting anomaly" cannot be attributed to circumstances outside the company's control and has dented the bank's confidence in the firm.

Reckitt recently identified "an understatement of trade spend in two Middle Eastern markets related to the fourth quarter and prior quarters of 2023. Following an investigation, Reckitt concluded "a small group of employees" had acted inappropriately and as a result, full-year net revenues were £55.0m lower than previously expected.

"That said, it does make sense that this was an isolated incident, if only because it seems to have been so inept on the part of the culprits. They were always going to be found out. We believe Reckitt is meaningfully undervalued and that this will not persist indefinitely, whether it's the stock market or some other investor that resolves it," said RBC. "We appreciate that Reckitt is the progenitor of this latest misfortune, but can't help thinking that if we're right and at the heart of Reckitt there's a business with good brands in good categories being competently managed, this undervaluation cannot persist indefinitely."

The Canadian bank noted that it couldn't say whether the mechanism of resolving this undervaluation would be the shares' re-rating on the back of less accident-prone financial results or the emergence of a trade or financial buyer, but it stated it was "not inclined" to describe Reckitt in 'value trap' terms and, consequently, expects the gap with its target price to narrow, leading to it also reiterating its 'outperform' rating on the stock.

Reporting by Iain Gilbert at Sharecast.com

[philanderer] 29/2/2024 14:04

EI, I added a few at 4940p , not that confident.

[essentialinvestor] 29/2/2024 13:52

Yup agree, but bought a very small amount.

[unastubbs] 29/2/2024 13:50

I'm looking at sub-£49. I'm not sure bout these though so will only be in for a few.

[essentialinvestor] 29/2/2024 13:40

£46-48 allows for a lot.

May not get there.

[tahmina1] 29/2/2024 13:31

BOUGHT AT 49.50 - OVERDONE

[essentialinvestor] 29/2/2024 12:58

Phil, what do you reckon?, getting a little tempted.

[philanderer] 29/2/2024 10:13

Berenberg cuts Reckitt Benckiser price target to 5,800 (6,240) pence - 'hold'

Barclays cuts Reckitt price target to 6,000 (6,900) pence - 'overweight'

[philanderer] 29/2/2024 00:12

Investors Chronicle :

HOLD

[philanderer] 29/2/2024 00:09

That's a grim report in the FT including some broker views. Not a lot top inspire confidence.


Reckitt shares tumble on sales drop and Middle East probe hit

UK-based maker of Nurofen and Dettol disinfectant reveals compliance issue in Middle Eastern markets

[justiceforthemany] 28/2/2024 18:07

If this was listed in the States shares would be at 7000p+

[philanderer] 28/2/2024 17:40

WTF

Broker UBS reiterated its ‘buy’ stance post the results, flagging an estimated fair value target price of 7,170p per share. A first-quarter trading update is likely late April.

[careful] 28/2/2024 16:55

Bitcoin up 10 % RKT down 13%.
Insanity rules.

[mozy123] 28/2/2024 15:39

For the rating to improve, is has to get back to volume growth imo.

at 15 times, its 6.66% earning yield and no growth. About what a good quality corporate bond would pay. About right.

Mgt needs a kick. Nelson Peltz anyone?

[essentialinvestor] 28/2/2024 14:57

careful, the 15 X figure you quote is adjusted EPS. That removes exceptionals.

At 15X, this may be worth a small punt - not holding atm.

[careful] 28/2/2024 14:51

Rates are decided by bond markets, he has lost control because HMG overspends.