RECKITT BENCKISER GROUP PLC (RKT)

Previously known as:

Previous Name: RECKITT BENCKISER GROUP PLC
Previous TIDM: RB.

Voting and Company Information

RKT- Reckitt Benckiser Information and Vote Guidance 2022

This report is by Cliff Weight, Director, ShareSoc. These are my personal views and not necessarily those of ShareSoc. I do not own shares in Reckitt. ShareSoc introduced this new added value voting information service for Full Members only in 2021, providing background information on leading companies and AGM vote guidance. Initially, we are piloting this for FTSE30 companies, plus a few others in the FTSE100. We have decided to continue the pilot in 2022 and are looking at ways to improve ...

Post Date: May 11, 2022 Read more

RKT : Reckitt Benckiser – Company Information and Vote Guidance

by Cliff Weight, Director, ShareSoc. These are my personal views and not necessarily those of ShareSoc. I do not own shares in Reckitt, because their EV (Enterprise Value) is four times turnover and I don't see great barriers to entry. Summary of voting issues The AGM is on May 28th, 2021. The share price over 20 years is wonderful, as the Stockopedia data shows. I have attended several of the company's AGMs, because (i) DSW, the German equivalent of ShareSoc asked me to ...

Post Date: May 24, 2021 Read more

Blog posts

RKT : Reckitt Benckiser – Company Information and Vote Guidance

Post Date: May 24, 2021 Read more

Pay at Weir, Reckitt-Benckiser and WPP

Yesterday saw Weir Group Plc defeated on pay. Both the Remuneration Report and Remuneration Policy resolutions were lost with 73% and 70% of votes AGAINST them respectively. This is a very damning blow to this FTSE-250 company which makes pumps for the mining and oil markets. The company subsequently issued a grovelling apologia for the proposals they had tried to implement which included a "stock awards" scheme that was based on share price performance rather than more direct performance criteria (such as ...

Post Date: April 29, 2016 Read more

AGM Reports

Reckitt Benckiser (RB.) AGM 2018

On 3 May 2018, I attended the Annual General Meeting of Unilever in the Marriott Hotel, near Heathrow airport, which started at 11.15 AM. The previous day I had attended the Unilever AGM so it is interesting to compare these two companies Unilever Reckitt Market cap about £110bn £40bn Turnover Euro 54bn £11.5 bn Profit after tax of Euro 6.5 bn £3.4 bn Dividend increase 8% 7% Profit margins 17% 59.7% Return on capital 19% (ROIC) 10% (ROCE) I was the proxy for DSW (the German equivalent of UKSA/ShareSoc) whose members held some 217,000 RB shares and wanted someone from either UKSA ...

Post Date: May 22, 2018 AGM Date: May 3, 2018 Author: Cliff Weight Read more

Reckitt Benckiser (RB.) AGM Report 2016

I attended the AGM on 5 May. I was interviewed by the BBC TV beforehand who covered the Reckitt story in their 1pm News program. The BBC were also interviewing shareholders, who were willing to speak to them, as they entered the building where the AGM was held. There were also a group of demonstrators outside. There were about 200 to 300 present at the AGM. The Chairman opened the meeting and commented on the great results, noting the 23% total shareholder return ...

Post Date: May 6, 2016 AGM Date: May 5, 2016 Author: Cliff Weight Read more

ShareSoc News

ShareSoc Advises Investors to Vote Against Reckitt Benckiser Remuneration

PRESS RELEASE 77 29/4/2016 ShareSoc (the UK Individual Shareholders Society) is advising its Members to vote against the Remuneration resolutions at the forthcoming Annual General Meeting of Reckitt Benckiser (RB) on 5th May. RB has performed very well in terms of shareholder returns since 2000. However, in ShareSoc’s view: The remuneration of the CEO Rakesh Kapoor is indefensibly high (£23 million in 2015, £56 million since his appointment). This level of remuneration seems even more egregious when viewed against the background of Kapoor’s potential ...

Post Date: April 29, 2016 Read more

Corporate Remuneration Reports

Reckitt Benckiser Remuneration Report 2016

Attached is the Manifest Report, who give the Reckitt Executive Remuneration grade 'E’ (on scale A =good to F=awful) ShareSoc is advising its Members to vote against the Remuneration Report resolution at the forthcoming Annual General Meeting of Reckitt Benckiser (RB) on 5th May. RB has performed very well in terms of shareholder returns since 2000. However, ShareSoc consider: the remuneration of the CEO Rakesh Kapoor to be unnecessarily high (£23 million in 2015 and £56 million since he was appointed CEO), ...

Post Date: April 28, 2016 Read more

Group description:	We welcome anyone interested in investments regardless of their level of knowledge and experience.
Meeting Type/Venue:	Physical meeting in the Boardroom of a venue in RG9 (pre-meetings in the bar).
Meeting Frequency/Timing:	Monthly – 3rd Wednesday of each month at 18:00 (except January, where the meeting will be held at lunch time).

Group description:	Our group covers a wide spectrum of mainly stock market investing and trading from equities – which include shares, ETF’s Investment and Unit Trusts – mainly UK and USA, but also some spread betting and financial options. We normally rotate the meeting chairperson (responsible for creating, with member’s help, suitable agendas) and a meeting presenter (members take it in turns to provide a 15 to 45 minute presentation on a subject of their choice). Various investing topics of interest are regularly discussed such as software, brokers, investing categories and markets and any related topics of interest.
Meeting Type/Venue:	Following Covid, this group hasn’t yet reconvened at their previously regular meeting venue which is in a private room within a west London golf club. In the meantime, meetings are held via videoconferencing. Part of the reason is that some members have moved away and some prefer meeting in person. So our aim is to recruit new members to ensure a continued regular in person meeting.
Meeting Frequency/Timing:	Meetings are held on the second Wednesday of each month in the afternoons, following a golf club one course lunch for our in-person meetings.

Group description:	Meeting once a month, our group covers a variety of investment styles. We also have an active WhatsApp group and we welcome new members.
Meeting Type/Venue:	Physical meetings at a venue in Preston, Hitchin, SG4.
Meeting Frequency/Timing:	Monthly.

Group description:	We are a friendly social group welcoming investors with all levels of experience. Our membership varies between those with little or no knowledge of investing to those who live off their investing or their portfolios. We do not invest as a group so there is no money on the table, and we never discuss individual worth; we simply discuss and share investing ideas, we analyse the state of the market, individual stocks, funds, trusts, bonds etc., and we invite contributions from all group members. Guest speakers and company presentations are a regular feature, as is the SIGnet competition and also our own long-term Manchester Portfolio. We invite members to volunteer presentations from time to time on particular topics of their interest / expertise. At each meeting members are asked to share their latest or potential buying and selling activity. Our face-to-face meetings are punctuated by a lunch break, and for those with the time there is socialising and drinks afterwards. Most of all we learn from each other.
Meeting Type/Venue:	The group meets through a combination of Zoom and face-to-face meetings at a central Manchester boardroom style venue.
Meeting Frequency/Timing:	Meets bi-monthly, 10am-3pm on Monday mornings, usually mid-month.

Group description:	Group of investors that meets on a bi-monthly basis to discuss all things happening in the world of investing, share each other’s knowledge and give the benefit of each other’s experience. Group primarily focuses on unit trusts, open ended investment companies and investment trusts. However, all investments are up for discussion and new members are always welcome and encouraged.
Meeting Type/Venue:	Remotely via Zoom on Saturdays on a bi-monthly basis, on dates collectively agreed by all group members.
Meeting Frequency/Timing:	Bi-monthly.

Group description:	Most members are experienced investors. The main focus is on equity investments (single stocks or investment trusts). Other asset classes are discussed. Meetings involve presentations from members who are expected to lead discussions from time to time.
Meeting Type/Venue:	Meeting quarterly, physically in Central London. Other months (8 months per year) on Zoom.
Meeting Frequency/Timing:	Monthly – Generally on 3rd Wednesday of the month. Zoom meetings tend to last up to 2 hours. Physical meetings are from 11am-4pm.