Reckitt Benckiser Share Discussion Threads

[p0pper] 15/3/2024 15:05

Bloody hell, down 17%

[justiceforthemany] 15/3/2024 15:04

Who's bothered to contact Investor Relations?
[e-mail]

[babbler] 15/3/2024 15:02

When RNS? Seriously they should hurry up and release one asap

[keyno] 15/3/2024 14:59

"We continue to believe that the allegations from the plaintiff's lawyers in this case were not supported by the science or experts in the medical community".

So we'll find out more in due course.

Is this another Zantac/GSK?

$60M is an absurd sum of money to pay in a single case.

I'm not a chemist or physician. Any out there care to comment?

[babbler] 15/3/2024 14:45

Doesn't help that alliance news reporting it as 60bn dollars lol.

[panache1] 15/3/2024 14:09

What's the divi yield now ?

[babbler] 15/3/2024 14:09

Market is all about speculation....

[babbler] 15/3/2024 14:06

Appeal will cost more time and money and probably be lost too

[essentialinvestor] 15/3/2024 14:06

What you certainly don't want is a Bayer/Monsanto situation - that would be catastrophic.

Anyway besides the one judgement, it's speculation at this point Only.

[philanderer] 15/3/2024 14:05

Mead Johnson said in a statement that it was disappointed with the verdict and would appeal it.

"We continue to believe that the allegations from the plaintiff's lawyers in this case were not supported by the science or experts in the medical community," it said.

At 1325 GMT, Reckitt shares were down 10.5% at 4,699p.


Sharecast

[essentialinvestor] 15/3/2024 14:03

careful, makes little difference what the company say - this will be litigated and that takes time.

A very rough guide may be what % the HLN share price fell on the OTC Zantac law suits, However this may arguably be more problematic, as their baby formula business is a much more significant profit generator to RKT, than that medicine was to HLN.

[laurence llewelyn binliner] 15/3/2024 13:58

A USD60M fine for 1 case sets a nasty precedent, and with 400 cases outstanding in just 1 state, the implications could be very far reaching into the companies or parent companies cash reserves..

[philanderer] 15/3/2024 13:57

It's not so much the fine , the problem is who is ever going to buy their baby formula ever again.

Blimey, I said £40 but I didn't think it would be today.

[babbler] 15/3/2024 13:53

So 60m was for one person. Guess the fall is because it might set a precedent for others to do the same now? Otherwise yeah probably over done fall

[careful] 15/3/2024 13:52

The company will have to issue a statement.

[unastubbs] 15/3/2024 13:46

This is horrible. I totally dodged a bullet a couple of weeks back on the warning. Played to those who bought and sold on the bounce.

[careful] 15/3/2024 13:33

American justice for UK companies.
I remember how they crushed BP after the spill.

[justiceforthemany] 15/3/2024 13:21

RNS needed.
Looks like these concerns have been ongoing for years. $60M award is insane.
Abbott Labs an American company is also facing the courts.

[careful] 15/3/2024 13:04

Topped up with a few more.
Hoping a £4bn write off is unrealistic.

[essentialinvestor] 15/3/2024 13:01

British company facing litigation in the US, eh.

[justiceforthemany] 15/3/2024 13:00

Enfamil has been in use since 1959!

[justiceforthemany] 15/3/2024 12:51

Why such a delayed reaction? Verdict was yesterday.

[mozy123] 15/3/2024 12:40

MJ was a huge mistake. Huge Write offs. Looks to be reappearing.

Hope the judge has his facts and science correct - he has just wiped out all the goodwill of a £2.4bn rev business.