Join our community of smart investors

Why Nick Train might be wrong about Unilever

Third quarter fail to reflect the confidence of the famed fund manager
Why Nick Train might be wrong about Unilever
  • Unilever has reported 1.4 per cent underlying sales growth in the year to date 
  • Brands might not be as valuable as Mr Train suggests

Nick Train is rightly proud of his biggest holding, Unilever (ULVR). In a year that the FTSE 100 has crashed under the weight of a global pandemic, the consumer goods giant has delivered 9 per cent share price growth and maintained its dividend. That performance is something Mr Train attributes to Unilever’s strong brand heritage which “has endured for decades”. 

In 2020, it has been the brands in the home and beauty divisions which have driven a resilient performance from the company. Both reported decent, volume-driven sales growth in the nine months to September. 

To continue reading...
Join our Community of Smart Investors
  • Independent full-length company analysis
  • Actionable investment ideas and recommendations
  • Expert investment tools and data
  • Stock screens from Algy Hall
Have an account? Sign in