Unilever is just boring. |
Disappointing few week. Absolutely no idea why this has bounced off fifty quid. Anyone any ideas? |
The dividend yield is not enough to support further appreciation.unikever has to boost the payout.
I expect the demerger of the ice cream business will boost significantly the share price by 2025 end.
I was out at £47. I missed the dividend payment. I will get back in if we test £44. Unilever moves too slowly even for trading in and out |
Another good kicking today. |
Next glass ceiling to break is £50 |
 Unilever (ULVR) delivered a stronger than expected underlying performance in its third quarter as its ice cream arm, which the consumer goods giant hopes to spin off by the end of 2025, benefited from a soft comparative. Underlying sales growth came in at 4.5 per cent in the quarter, ahead of the company-compiled consensus of 4.2 per cent, as ice cream sales rose 9.8 per cent. Stripping out the ice cream performance, which management attributed to distribution gains, promotions and product innovations, sales rose 3.6 per cent.Underlying volume growth of 3.6 per cent also beat consensus. Total revenue of 15.2bn (£12.6bn) was flat, a result impacted by currency headwinds and net disposals. The spin-off of the ice cream unit, which sells brands including Magnum and Ben & Jerry's, is part of chief executive Hein Schumacher's growth strategy. The unit has historically posted slower growth than other parts of the portfolio, while Ben & Jerry's has caused legal headaches for the business. Unilever said it had made progress with setting up a separate ice cream legal entity and operating model.Another part of the plan is a focus on the company's top "power brands", which deliver more than three-quarters of revenue. In the third quarter, these brands outperformed, with underlying sales and volume growth of 5.4 per cent and 4.3 per cent, respectively.Meanwhile, Unilever exited Russia in October through the 520mn sale of its subsidiary to manufacturer Arnest. The company had attracted criticism for remaining in Russia after the invasion of Ukraine. The subsidiary only contributed around 1 per cent of total revenue and net profit last year.The company stuck to previous annual guidance for underlying sales growth of 3-5 per cent and an underlying operating margin of at least 18 per cent. Unilever trades on 18 times forward consensus earnings, a rating in line with the five-year average. Last IC view: Hold, 4,648p, 25 Jul 2024 |
Barclays raises Unilever price target to 5,450 (5,200) pence - 'overweight' |
#BC10, same here with c150 pence a year income.. :o)
Interesting to note RKT went +175 pence then -92 today
ULVR went -100 pence then +137 today
Just let HS get on with implementing his strategy and see where we go, next change will be the spinning off of the ice cream business and see how that impacts share price performance..
Most holders will be more focused on the 30th budget, how it hurt and what they can do about it (if anything) .. |
https://www.fool.co.uk/2024/10/24/a-no-brainer-ftse-100-share-i-plan-to-hold-for-the-next-decade-or-two/ |
#Alotto, too much to ask from today IMO, but another run up to 5000 pence or over before YE with the buybacks coming should be doable..
Next dividend inbound.. :o) |
What matters most to me as purely an income investor:
Q3 divi 36.63p
xd 07 Nov
pd 06 Dec
This is maintained at the raised Q2 level in euros, being their accounting currency. The sterling values will therefore fluctuate. |
Thank goodness :-) |
Maybe £51 by close of day |
There we go, order is restored, as expected, the trend should have followed the RKT results, and seems to be doing just that and with buybacks to year end..
We need to see 200+ pence today to make up for the 100 pence drop on the HUL results yesterday, see how far we get.. :o) |
Phew, not bad. |
Perhaps it was the small decline in profits at HUL that put the cat amongst the pigeons today at UL..
Tomorrow for the group level trading update.. |
The drop does not bode well, hope I'm wrong. |
7.2 million traded the final day's total. |
Plenty traded today, 5.2 million printed so far. |
The drop must be linked to unilever Hindustan |
#Philanderer, not quite what I had in mind but getting marked down ahead of news is a possibility, see what we get tomorrow and how our new CEOs strategy is converting into numbers.. |
Looking like a 'leaky' update known to a few. |
Strong share price response to todays TU at RKT this morning, see what we get here tomorrow, some read across would be good and another run up to 5000 pence.. :o) |
Columbia spies Unilever recoveryThere are 'green shoots' at Unilever (ULVR) but the turnaround at the consumer giant is still in its early stages, says Columbia Threadneedle fund manager Jeremy Smith.Smith holds the Citywire Elite Companies AAA-rated owner of brands such as Dove and Domestos in his CT UK Equity Income fund, making up 6.7% of the £2.9bn portfolio.'Following years of underperformance, there are green shoots in Unilever's recent trading statements, but the business is still in the early stages of its turnaround and has yet to sustainably outperform its peers,' said Smith.However, the stock is still the second-largest position in his fund as he is 'encouraged by the changes at the executive and board levels at the company, with the new chairman, chief executive and chief financial officer enhancing the quality of the management team.'He said the new leaders of the group were 'focused on reinvigorating the competitiveness of Unilever's product portfolio and particularly on key revenue-generating brands.''Management is also selectively increasing research and development in high-impact areas and has reorganised command structures to increase accountability,' said Smith.The shares softened 0.6% to £48.01 on Monday, but have gained 20.4% over the last 12 months. |
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