The consumer goods giant faces a major turnaround, but may be being judged too harshly
Readers of Investability will know that we’ve never been the biggest fans of Unilever, and it seems several long-term investors are losing patience, too, including Nick Train of Lindsell Train and Terry Smith of Fundsmith.
Why it’s time to start paying attention to weirdos
As Hunter S Thompson once put it, “when the going gets weird, the weird turn pro.” If only the great journalist were alive today, because HST levels of weirdness are what’s required … Read more
Dirty business is everywhere, although perhaps not where you’d expect it
The good thing about not writing an email every day is that I find that I spend less time reading the news, and … Read more
High jinks at COP26
Apologies for the late email today. I’ve been busy scribbling some thoughts on the once-mighty owner of London property Land Securities, which subscribers can read here. The short summary … Read more
One activist investor thinks so, and his plan to unlock it makes sense
“Usual pile of baffling and conflicting financial nonsense that nobody understands. Anyway, the Debt is lower” was the verdict from top fintweeter @WheelieDealer on results from Shell yesterday. It’s hard to disagree, mainly because of the huge distortion of the reported figures as a result of the mark-to-market accounting treatment of the derivatives it took out during a year of oil market craziness. Either way the market didn’t like the numbers, with the shares falling over 3% after a good run on the back of the surging oil price.
Why investors should look beneath the ESG label
Anyone who has followed my scrawling for any length of time will know that I am somewhat sceptical of the current ESG craze in investing. Not … Read more
