Unilever Share Discussion Threads

[alotto] 22/3/2024 05:04

It would be a disgrace if Unilever is selling the ice cream business because of the ben and jsrry wokism. Ah option should be to spin off the ice cream business and sell bB&j

[philanderer] 22/3/2024 00:11

Unilever in talks with private equity to find buyer for ice cream business

[alotto] 20/3/2024 15:25

How have the Tories f the UK stock market?

[battyliveson] 20/3/2024 09:50

Watched the Fundsmith AGM recently. They seemed quite positive on Unilever and its future share price performance, especially given poor performance over recent years. They were also more positive about the new management, as they could not be much worse than the previous incumbents.

Fundsmith AGM was before ice cream spin-off so don't know their thoughts on that.

I hold hoping Terry is correct!

Batty

[spoole5] 20/3/2024 09:34

Amazing how this is still below buffets offer. Appalling management

[spoole5] 20/3/2024 09:30

Back to where it started!

[rogerrail] 20/3/2024 07:53

No doubt others like Nestle will be eyeing up the ice cream business.

[keyno] 19/3/2024 19:08

Thanks again, LLB.

[powereddrones] 19/3/2024 18:15

Marmite and Dove soap-owner Unilever is to cut about 7,500 jobs worldwide, as part of an extensive three-year cost-saving plan.

The group also said it would split off its ice cream business which includes the Wall's, Ben & Jerry's and Magnum brands.

The food and household goods giant said the spin-off will start immediately and should be completed by the end of 2025.

Unilever said the shake-up would help it to "do fewer things better".

The job cuts, which Unilever said would mostly affect office staff, represent more than 5% of its 128,000 global workforce and are aimed at saving around €800m (£684m) over the next three years.

[laurence llewelyn binliner] 19/3/2024 17:09

#Kenyo, a demerger of Ice Cream is the most likely separation route, and in that case we expect the company to operate with a capital structure in line with comparable listed companies.

Separation activity will begin immediately, with full separation expected by the end of 2025. Further information will be provided in due course.

So yes, something like the GSK/HLN spin off in 2022..

[alotto] 19/3/2024 13:09

Minibull today is already out of steam. Very hard to break the £40 ceiling.
When I bought ULVR back in 2020 I thought we would see £60 in 2025. No prediction was poorer than this.

[essentialinvestor] 19/3/2024 12:23

They will look to sell IC, we've seen this before with spreads, tea, etc.

A trade buyer/PE is what they want.

[keyno] 19/3/2024 12:05

I quickly deleted my post as I realised reading a news report that it wasn't clear yet what exactly would be happening but you were too quick off the mark, so thanks for your reply anyway.

[laurence llewelyn binliner] 19/3/2024 11:58

#Kenyo, only if it is listed separately, more likely to be a subsidiary company under the same umbrella though..

[sparkling banana] 19/3/2024 08:45

Alotto, because there are a lot of jobs and expensive and complicated infrastructure to be dealt with. Hein seems keen on pruning, I hope he keeps some of the branches and doesn't kill the roots. imo the problem is not really the business, it's the mediocre VP and SVP levels and the overly political culture. Always has been.

[alotto] 19/3/2024 07:43

Why the spin off is going to cost 1.2% of revenue? That's a hell lot of money.

[morph7] 19/3/2024 07:28

RNS out for Ice Cream spin off. Glad to accumulate at these prices.GL all.

[alotto] 15/3/2024 15:40

Funny how Unilever was a safe harbour during the pandemic though. Very hard to take a position. I'm in for the long run, although dividend yield is much better in many other places.

[unastubbs] 15/3/2024 14:18

fmcg not a safe space right now. I'm out for the time being.

[blackhorse23] 15/3/2024 11:46

https://www.businesspost.ie/news/activist-investor-takes-stake-in-greencore-reports/

[alotto] 14/3/2024 18:29

£132m portfolio isn't that big tbh