Re: Reaction to good news .... Further explanation:[link]
Re: Reaction to good news .... ..... sorry, update .... £ 5-30 lowerSAGE
Reaction to good news .... "Reckitt Benckiser Group said first-quarter sales jumped 23%, assisted by currency fluctuations and acquisitions.Sales at the consumer goods company rose to £3.11m, which represented an increase of 2% on a like-for-like basis.The company stuck to its annual guidance for a 13-14% rise in sales, representing like-for-like growth of 2-3%.'A solid start overall in the first quarter, operating under our new organisational structure,' chief executive Rakesh Kapoor said.'Our priority remains organic growth under our new focussed organisation structure. The integration of MJN is going well.".......so sp falls by £3-00 .....yeah, right .....SAGE
Re: Pfizer business Now that GSK have also turned their back on Pfizer, presumably they could reconsider RB's interest in part of the business? (Hopefully not)H2
Re: Pfizer business "Good news in my opinion, they have enough on their plate..."I think the SP reaction tells us that this is the consensus opinion.RB are trying to make a virtue of a necessity in pulling out - they were (relatively suddenly) on the back foot, given both balance sheet and tarnished reputation. They had no support for doing the deal, and their SP reflected this. Hence the rather curious formal statement today which they didn't need to make, having said nothing formally about the potential deal before. But if they hadn't already blown the balance sheet on MJ last year, with the associated charge of over-paying still hanging over them, I don't for a minute think this Pfizer situation would have ended the same way!
Re: Suspended Back over £60 for now at least - phew!Games
Suspended shares at the open -brokers trying to establish a price - must be a big move one way or the other.Games
Re: Pfizer business Well thank heavens for that then :-[link]
Re: Pfizer business Correct Mr Hacked Off, see RNS announcement this morning:"Reckitt Benckiser Group plc ("RB" today announces that it has ended discussions with Pfizer Inc. regarding its Consumer Healthcare business. RB's proposal was for part of the business only."Good news in my opinion, they have enough on their plate...Cheers,
Re: Pfizer business Saw something today that they have pulled out.S
Pfizer business Anybody know whats happening to this potential acquisition. Is it going ahead or not I cant find anything in the press about it.
Re: Bargain at these prices .... so then ... Cillit Bang and Flash cant be the reason the sp is down that much ......or the buying of the those products the source of the sp recovery ... can it ? ...SAGE
Bargain at these prices SP at 5565. Down 11% on a month ago, down 20% on 2 months ago. Good value - screaming BUY I reckon. Most people would rather buy Cillit Bang or Flash than the supermarket own label. This gives RB and ULVR immense pricing power.DYOR, GLA
Re: Longer term outlook.. When you are ill you grab the most recognised name.
Re: Longer term outlook.. but the customer might say, "i dont care what the CEO says or thinks, im going to buy the cheapest source of my basic ingredient, and from wherever i can buy it cheaper "SAGE