I guess it depends how old you are whether brands such as Harpic, Vanish, Dettol and Finish have a lot more relevance for you than Durex or baby food ones, but at least the FTSE 100’s Reckitt (RKT) has a bunch of interesting global brands. I last loved the stock up just over four months ago and since then it has gone almost perfectly sideways. What are the group’s prospects like for 2023 (and beyond)?
I guess I have been a professional analyst and investor for the last twenty-six years, but obviously as a buy side and not a sell side operator. As I may have said before, I learnt early on that the more I could ignore brokers and do my own research, the better I would do. And that still remains my thought today as I still think, a bit like the academic world, the biggest risk is that you end up knowing more and more about less and less. And that brings us to today’s Q3 update from Reckitt Benckiser (RKT).
Perhaps you are really smart with your investment choices and do your trades from the beach or a luxury yacht. By contrast, I am mostly sat in my study working and thinking. Still, it is less than ten years to go before I can access my pension fund and one stock choice that has helped out over the last week is Reckitt Benckiser (RKT), which I last loved-up a bit over six months ago HERE. So why has a CEO change been announced today?
Hello Share Players. Despite the Footsie’s lack of progress, quite a few members are posting encouraging numbers. They include Reckitt Benckiser (RKT). In the first half of this year, its like-for-like sales improved by 8.6%. Revenue was up by 2.2% and, more importantly, underlying operating profit increased by a fifth to £1.8 billion.
Hello Share Twiddlers. Reckitt Benckiser (RKT) makes very well-known hygiene products. And during and after Covid there’s more demand for this kind of thing. Among its well-known brands are Lysol and Dettol. The names conjure up in the mind heavy duty attacks on germs. During the hard times we’re encountering at the moment, folks are often tempted to buy cheaper supermarket own makes but such is the strength of Reckitt’s brands this issue doesn't seem to apply to it.
Last October I observed that Reckitt Benckiser (RKT) ‘without working hard offers the scope for a £60-70 share price plus picking up a dividend’. In short a holding in the ‘home to the world's best loved and trusted hygiene, health and nutrition brands’ group theoretically for FY22 is probably over ten times more interesting than government bonds or money in the bank. How many times a month do you - or someone in your household - use Finish, Dettol, Air Wick, Nurofen, Vanish, Harpic, Calgon or Durex products? My guess is more than once. So what about the shares today post the group's full year numbers publication?
