
NEWSFLOW
De La Rue (#DLAR) – suspended banknote printing in Kenya, historical activities implicated in investigation in India
- 2023-01-20 07:29:51
I guess you are (finally) excited today if you are a Unilever (ULVR) shareholder. I almost bored myself talking about the company (again!) last week but, given the news that Nelson Peltz’s activist fund has bought a stake, Unilever has gone from being the (potential) hunter to being the (potential) hunted.
The consensus in the US markets right now seems to be that things are getting a little crazy out there but that Trump will keep the show on the road until November, when, in the absence of a stock market rout, he will trounce Sanders or Bloomberg in the election. Therefore, there is little to worry about until then.
Previously writing on De La Rue (DLAR), towards the end of last month, with the shares down to around 150p, I concluded on a “Trading Update” from this self-styled “world's premier currency and authentication provider”, with both balance sheet liquidity and P&L concerns, certainly currently bargepole / sell. The shares did manage to recover to around 180p, but are currently comfortably sub 150p on the back of results for the company’s half-year ended 28th September 2019…