fmcg not a safe space right now. I'm out for the time being. |
https://www.businesspost.ie/news/activist-investor-takes-stake-in-greencore-reports/ |
£132m portfolio isn't that big tbh |
 Columbia’s ‘Alpha’ stock picker tops up Unilever
Columbia Threadneedle manager Jeremy Smith has added to his position in Unilever (ULVR) which he believes has ‘significant levers’ to accelerate growth.
Smith topped up his stake in the Citywire Elite Companies AA-rated consumer giant through his CT UK Equity Alpha Income fund, where it is the fourth-largest holding at 5.3% of the £132m portfolio.
He said he was ‘encouraged217; by board changes, with a new chair, chief executive and chief financial officer ‘enhancing the quality of the management team’.
‘Unilever has had a poor decade due to a lack of focus and too many conflicting key performance indicators,’ said Smith.
‘However, we believe that the business has significant levers to accelerate organic growth and improve returns.’
He added that the group, which owns brands such as Dove and Flora, is ‘well positioned to adapt to ever-more stringent regulation around plastic waste, and the firm is working to make its products more appealing to environmentally engaged consumers without threatening its growth ambitions’.
Shares in Unilever added 0.5% to £39.05 on Wednesday. They are down 4% over the past year.
citywire.com |
The company sounds too high tech to work on this kind of things. Whatever floats their boat ⛵ |
"Over the past two years, we have worked closely with the team at Unilever, to develop successful binders and are pleased to see the promising results the binders are delivering in their laboratories"
A binding agent in foodstuffs. |
www.ajbell.co.uk/articles/latestnews/273347/aptamer-shares-jump-successful-unilever-contract-progression
#2985 more info here |
"Aptamer and Unilever are now drafting patent applications to protect these developments and downstream commercial applications."
What on earth is Unilever going to put into market, this does not look like a consumer good product?! |
I'm neutral on that Phil but all I would say is that a shift from Amsterdam to London and then to NY in a short time frame would be highly unusual. I don't think it will happen personally. I'm happy to hold. The latest swoon is more to do with sterling strength atm I believe. |
Abandon this rubbish UK market and just list in the USA. |
A miracle perhaps? |
What would it take to see Unilever trading around its historical high of about £50 per share? |
Won’t be surprised if it goes below 37 before update near the end of April. |
In addition I read the recent Morgan Stanley broker downgrade. Easy to pick so many holes in it. Anyway all this co and ABF can do is keep buying back there shares in the cheap . |
 I believe Porsche is talking about the whole Uk market is going nowhere. The market is just not currently valuing stocks correctly. There is just no interest in allocation to UK listing. Unfortunately this is not new. Now Unilever is a global co thus it should have international appeal . However UK managers have maxed out on their allocation to this co and simply won’t allocate further and it won’t get any pick up via ETF allocations as FTSE is out of favour.
The market confirms all of this via the constant PE purchases of small , mid cap UK with massive premiums to current share prices.
Finally what we see after results of Unilever and ABF as an another example , an immediate mark up then a constant drain down until next results as they are just not getting a bid. Last results shown increase in sales for the first time in a while. P &G however continued to see sales full in their results. Just look at the difference in performance. It’s crazy but I can’t see it changing. Time for Unilever and ABF to follow others and move from UK listing . |
Also predicting currency exchange movement is very difficult and dependent on an enormous number of factors. I don't see sterling going to parity to euro. Interest rates in the UK are higher than in Europe. The exchange rate can turn disadvantageous for the GBP if the economy won't be able to capitalize on lowered interest rates, if that is going to happen this or next year. Meantime the UK is in a very mild recession, despite the high rates and inflation. |
Btw a change is not going to happen overnight. |
Porsche I understand your disappointment. I think Unilever has a lot of untapped potential in Asia and South America and the opportunity to regain a dominant position in Europe.
Pelts has much more experience than you do in the field of giants FMCG, so I'd let him give it a shot with Unilever. |
Down over five years, taking into account inflation the loss on the capital probably 30 pc plus over that time with 20 pc returned in dividends….so an investment in this showing about 12/13pc loss over 5 years in adjusted “ returns “. What a pos. Just buying a dirt cheap tracker for S&P or Nasdaq you would have doubled your money and had a gain on the USD appreciation, just shows the utter pointlessness of buying ftse shares, brexit basket case U.K. is doomed, ftse isn’t going anywhere and sterling is heading to parity with euro and usd. Shocking. |
B&J was bought in 2000. Jope appointed CEO in 2019. But I agree, the Ben & Jerry's structure is ridiculous and Jope a poor CEO. Carver and DSC can be credited to him. I believe he headed the business group responsible at the time of their purchases. Interestingly, Schumacher is sticking with Carver... |
ChaChaCHa The new management has dropped the woke agenda. Only issue is Ben and Jerry, since the board is relatively independent from the parent company. It is not even that easy to fire the management in B&J due to the structure of the agreement make with Unilever. Jope was a disgrace on so many levels. |
Time to drop the PC nonsense. Otherwise it will follow AB InBevhttps://www.telegraph.co.uk/business/2024/02/29/bud-light-trans-boycott-world-biggest-brewer-ab-inbev/Appease a few % and anger 90% does not improve sales. |
Some reason for optimism then.
Suet |
Fundsmith AGM: Unilever tirade softens as stock tipped for big win
Fundsmith Equity manager Terry Smith believes the tide may be turning at Unilever (ULVR) after being a longstanding vocal critic of the consumer staples giant.
Speaking at his £24.1bn open-ended fund’s annual general meeting (AGM) at London’s Central Hall Westminster, Smith said that although he still worries about Unilever, he believes its new management is ‘actually pretty decent’.
Smith’s right-hand man and head of research, Julian Robins, tipped the company as having ‘potentially the most upside’ in the portfolio this year. It currently makes up 3.1% of the fund.
Unilever (ULVR) has featured in the portfolio since the fund’s launch in 2010. However, the stock has been a serial underperformer of late. Over five years, its share price has dropped 2.3%.
Smith added that despite his previous qualms about Unilever’s management, the company has a huge scale of distribution, with nearly half the global population using its products.
Several other top fund managers have been buying into Unilever in recent months.
citywire.com |
buybacks never work. look at VOD. shows lack of management ambition and ideas. pure laziness. |
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