Unilever (ULVR) shares dropped 7% this morning after publication of their results. As a holder of the shares they looked OK to me bearing in mind that I thought the previous forecasts were optimistic. Such a large business is unlikely to grow more rapidly than the overall economy. Perhaps there was some negative reaction to the news that the ice-cream business spin-off was progressing but that it would be listed in Holland, not the UK or USA.
Personally I support the spin-off as I think selling ice-cream is a difficult business with no barriers to entry so I would likely sell any shares I might get in the spin-off. But I thought the price drop was too pessimistic so I bought some more of the shares.
Roger Lawson (Twitter: https://x.com/RogerWLawson )
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