Buying the dip looks well timed now post new CEO update and drop to 4400, hold for life and see how the ice cream spin off plays out, 5000 pence sometime over 2025 will be just fine.. :o) |
ULVR, TSCO, MKS, NG., AZN, BATS and IMB the only blue for me today. |
DTelegraph 'Questor' buy tip
"Why Unilever is poised to finally deliver on its potential" |
#Philanderer, a bit of a surprise this morning, peaking at 130 pence dip to finish down 50 odd pence, IF the activist investor was involved and a vote took place on strategic direction and pace of change, then perhaps he lost that one, but our new guy is well positioned..
While the Board is pleased with Unilevers performance in 2024, there is much further to go to deliver best‐in‐class results. Having worked with Fernando closely over the last 14 months, the Board is very confident in his ability to lead a high performing management team, realise the benefits of the GAP with urgency, and deliver the shareholder value that the company's potential demands.. |
Alliance News...
Unilever remained among the laggers, down 1.6% after the unexpected departure of Chief Executive Officer Hein Schumacher. He will be replaced by Chief Financial Officer Fernando Fernandez.
Analysts were left confused by the news, with Mould commenting: "Schumacher has breathed new life into the business, making it run more efficiently and focusing on what the company does best. Under normal circumstances, the progress so far would be applauded. That makes his departure all the more mysterious. It suggests disagreements behind closed doors with colleagues and/or shareholders."
He added: "A clue might be found in the comments from Unilever Chair Ian Meakins who said Schumacher's replacement, Fernando Fernandez, has the ability to 'drive change at speed' and that the board has confidence in him realising the benefits of a growth plan 'with urgency'. That implies the board might have viewed Schumacher's progress as being too pedestrian." |
Unilever shareholders include the activist investor Nelson Peltz, who has a seat on the board. Investors have been getting impatient with the pace of the recovery, as recent results showed a 5% drop in 2024 pre-tax profits and the company said it had made a slow start to 2025.. |
He had no original ideas, his strategy harked back to the "Path to Growth" agenda from the early 2000s that required a turnaround from Polman who wanted every business to grow. The agenda of constant cutting and divesting gets tired after a while. I expect he wanted to do something more extreme and the other Presidents staged a coup, that's been the usual way at the top over the last 25 years. |
To me the CFO demonstrated to have what it takes to be a better CEO. |
This wasn’t a planned exit. Is he a shagger? Or on the fiddle? Who knows? |
An unexpected move there, but what is the back story was it a 2 year in/out position to deliver a growth strategy for Hein with the BnJ spin off..? or a vote after the FY24 results and weaker guidance..?
30.01.2023 - Unilever today announced the appointment of Hein Schumacher as its new Chief Executive Officer, following an extensive global search process Hein will replace Alan Jope..
26.10.2023 - Fernando made up to new CFO, he is a ULVR guy through and through, prior to his current role running one of Unilever's fastest growing Business Groups, Fernando was responsible for Unilever's business in Latin America. This followed a successful period leading Unilever Brazil between 2011 and 2019. Earlier in his career, he led Unilever Philippines and, before that, Unilever's Global Hair Care category.. |
CEO gone! Just like that.
Looks like he’sgone immediately too.
I wonder what the real story is? |
Laurence, agree with that analysis.
DZ Bank raises Unilever to 'buy' (hold) - fair value 5,150 (5,175) pence |
#alotto, primarily for safety, with a solid 25 year history of growing the dividend (excl 2009), we have yet to find out how the BnJ ice cream business spin-off will be delivered, ULVR will most likely still own it 100% and the income will support the future parent company dividend payout for holders..
The separation of Ice Cream is on track to complete by the end of 2025. We are making progress on the key workstreams, including the legal entities set up, implementing the standalone operating model and preparing the carve-out financials.
FY2024 results were solid with a 6.1% dividend pay rise for shareholders with a 2nd new share buyback of up to EUR1.5BN to be completed in the first half..
Quite likely to have another run at 5000 pence again in H1-2025..
1st quarter trading statement 24 April 2025
H1 and second quarter results 31 July 2025 |
What's the reason to hold Unilever?
Mediocre yield of ca. 3.5% and prospect of a mediocre growth for the short-mid term. |
XD 37.75p this week. |
 There were enough positives in Unilever's (ULVR) results that chief executive Hein Schumacher could point to as evidence that the turnaround plan his management team embarked upon last year is working.Stripping out the impact of disposals, underlying sales grew by 4.2 per cent 2.9 per cent of which was the result of volume growth. The 30 so-called "power brands" the company has focused on, which generate three-quarters of group sales, witnessed faster sales growth of 5.3 per cent, with volumes up 3.8 per cent. Sales increased across all territories, except for China and south-east Asia, with the latter hobbled by the group's underperformance in Indonesia. Chief financial officer Fernando Fernandez said the group was "taking decisive action" to improve results in both markets, with evidence of a recovery likely to be seen in the second half of this year. Unilever's underlying gross margin recovered to 45 per cent, a 2.8 percentage point improvement on last year and a 5 per cent gain over two years. All divisions are now delivering a higher margin than they were prior to the pandemic, save for the soon-to-be-spun-out ice cream arm. It will be headquartered in Amsterdam, with Heineken's former chief executive Jean-Francois van Boxmeer installed as chair-designate. Its shares will trade on exchanges in Amsterdam, London and New York.Unilever's underlying operating profit was up 13 per cent to 11.2bn, with the margin widening from 16.7 per cent to 18.4 per cent. Reported profit fell, though, given 1.8bn of one-off charges the biggest of which was an 850mn restructuring expense related to the 4,300 layoffs that occurred during the year. At 1.4 per cent of turnover, restructuring costs were ahead of the three-year average target of 1.2 per cent, but Schumacher said these were front-loaded and that all of the 7,500 proposed job cuts should be delivered this year, ahead of schedule. He argued the cuts should be seen not just as generating savings, but as part of a plan to create a "winning culture" through a leaner and more accountable organisation.Investors still see Unilever as a work in progress, and guidance that this year will see a "slower start" given subdued end markets was enough to send the shares down 7 per cent. They've had a good run on expectations of improvement, though, and at 18 times FactSet consensus earnings in line with their five-year average look fairly priced. Hold.Last IC view: Hold, 4,648p, 25 July 2024 |
Continuing to stink the place out
UBS raises Unilever price target to 4,110 (4,050) pence - 'sell' |
update..
(Bloomberg) -- Unilever Plc will list its ice cream unit primarily in Amsterdam, the consumer goods company said, with London and New York getting secondary listings when the maker of Ben & Jerry’s is spun off this year. |
Quite a few top ftse stocks being hammered today targetted and well over the top for little main news |
The increased 2024 divi of 151.00p makes a forecast yield of 3.4% at 4,398p. As an income investor with a well diversified port, that yield is on the low side compared with many other of my shares but I'll continue holding, as I have for many years, due to the good long term divi growth,
Far too early to say yet how the ice cream demerger will affect this income as it will depend on the terms of the deal at the time. |
I bought for 40.50 3 years ago... The 1
Year returns are not very relevant for me... |
Yes, should have dumped the lot. |
I get the frustration, but I'd challenge the "waste of time" comment. One year total return GBP:
Unilever 23.03%
FTSE100 21.58%
All share 20.45% |
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