There are almost always reasons for a spin-off from a large group. The high P/E ratio, lack of a moat and long sideways movement of the share put me off personally.
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@TradingHase The reason was simply that the division no longer suited Nestle. And Nestle wanted to concentrate on its core business, nothing more. Somehow you've been so negative the last few days. It's no fun looking for the pearls any more. the company has only just completed its IPO, so such a P/E ratio is not necessarily unusual.
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•@Tenbagger2024 Don't be angry. I just don't see the potential for me to get in there. If the thing goes up, I will remember your presentation of the share and be happy for you and everyone for whom the share was something. 😊
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@TradingHase You shouldn't immediately see a spin-off in a negative light. Metro, for example, spun off Saturn and Media Markt. In the end, they were more successful than the Metro Group. There are enough good examples. You're quickly talking down many of my ideas.
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@Tenbagger2024 All right, I'll hold back my comments in future if I have any concerns. 🤷🏼♂️
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@TradingHase Where do you see a long sideways movement? 🤔 Do you have a different chart than I do?
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•@All-in-or-nothing The value has done well since the IPO. And I don't see the sale by Nestle as negative either. The reason was that Nestle wanted to concentrate on its core business. And Loreal's interest shows that the company is interesting. So I don't understand the rabbit's arguments
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•@Tenbagger2024 I understand arguments in the sense of IPO hype etc.. I'm usually very skeptical myself. However, the IPO was some time ago and the share has simply run and run since then. Of course, the valuation is ambitious at the moment. But if you keep up the growth, you will grow into it. I just don't see any sideways movement. The moat argument is certainly valid, but let's be honest: the usual suspects among the peers are either primarily pharmaceutical or beauty companies. There is no concentration of specialization anywhere, so you always "buy" the rest as well. That may be good or bad, but if I'm targeting a specific market, I prefer specialization and concentration.
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@All-in-or-nothing OMG the ad here made me crazy...At SC I have 1 month, 6 months, 1 year. I don't have YTD there at all and that's what I was looking at.
Sorry @Tenbagger2024
Sorry @Tenbagger2024
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•@All-in-or-nothing Take a look at the historical P/E ratio of the value. As you say, it is growing. With such a value, you shouldn't overestimate the P/E ratio. I was once told this by @Dividendenopi
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•@TradingHase Keep your eyes open in bunny traffic.🐰🏎️😅😉 So you actually had a different chart to me.😂
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