The Lemon Fool

Dod101 wrote:Scrumpyjack and the FT are the only ones claiming a lower marketing spend as far as I can see. In the Times this morning, the matter is reported but it tells us that difficult conditions in South East Asia, particularly India and difficult conditions in west Africa are to blame. Some analyst says that they believe Unilever needs to increase investment in the business even at the expense of margins, which might well be a hint at the advertising issue but is not explicitly mentioned. Unilever has been here before and will no doubt sort it out.

Dod

ADrunkenMarcus wrote:The market seems to like it!

Unilever will contribute €100m to help the fight against the pandemic through donations of soap, sanitiser, bleach and food. This includes:

· A product donation of soaps and sanitiser of at least €50m to the COVID Action Platform of the World Economic Forum, which is supporting global health organisations and agencies with their response to the emergency. In addition to the supply of soap, Unilever will adapt its current manufacturing lines to produce sanitiser for use in hospitals, schools and other institutional settings.

· Product donations, partnerships and handwashing education programmes, delivered through national health authorities and NGOs, to support local communities most at need.

idpickering wrote:Q1 Trading Statement here;

https://www.unilever.com/Images/ir-q1-2 ... 281_en.pdf

Also on HYP Practical for HYPer chat.

ADrunkenMarcus wrote:Glad Unilever is 10% of my portfolio!

idpickering wrote:They account for just over 3% in capital value terms of my 28 share HYP, I am intending to top up my ULVR holdings soon, to nudge them up to nearer the average capital value weighting of my HYP shares.

Ian.

kempiejon wrote:

idpickering wrote:They account for just over 3% in capital value terms of my 28 share HYP, I am intending to top up my ULVR holdings soon, to nudge them up to nearer the average capital value weighting of my HYP shares.

Ian.

A cracking history of inflation increases in dividend, share price a bit less encouraging especially recently but for a HYP I'd not usually have tagged 3.5% as high but if they can keep paying over the next few months it might certainly be above average with all the cuts I've seen so far with more to come.

Unilever today announced plans to unify its Group legal structure under a single parent company, Unilever PLC, creating a simpler company with greater strategic flexibility, that is better positioned for future success.

After a comprehensive review over the last 18 months, the Board continues to believe that moving from the current dual-headed legal structure to a single parent company will bring significant benefits by:

· Increasing Unilever's strategic flexibility for portfolio evolution, including through equity-based acquisitions or demergers. Such flexibility is even more important as we anticipate the increasingly dynamic business environment that the Covid-19 pandemic will create.

· Removing complexity and further strengthening Unilever's corporate governance, creating for the first time an equal voting basis per share for all shareholders. Upon completion, there would be one market capitalisation, one class of shares and one global pool of liquidity, whilst maintaining the Group's listings on the Amsterdam, London and New York stock exchanges.

Unilever remains committed to its strategy of long-term growth across all three Divisions and last year began a full evaluation of its current categories and brands, with a view to accelerating the pace of portfolio change. This review has underlined how a simpler legal structure would give Unilever greater strategic flexibility to grow shareholder value, providing a catalyst for accelerated portfolio evolution and greater organisational autonomy.

The ongoing strategic review of Unilever's tea business has further demonstrated that the dual-headed legal structure can create disadvantages for the Group. For example, a demerger of the tea business is one potential outcome of the review and, as was previously the case with the disposal of the company's Spreads business, this would be significantly more challenging under the current legal structure than under a single parent structure.