Activist investor Standard Latitude, which recently disclosed a stake of just over 5%, could accelerate portfolio reviews and divestments. This makes Standard Latitude the 8th largest shareholder.
Barclays has lifted its rating on Croda International PLC from 'equal weight' to 'overweight', citing the prospect of activist-driven restructuring and improved cost discipline as reasons for a more positive outlook.
Shares in the specialty chemicals group have fallen about 70% since their 2021 peak, leaving the valuation at what Barclays described as “trough levels”; underperforming the FTSE 100’s 26% gain over the same period.
Get your resume ready because you know the current leadership will cut any and all of you to keep their jobs even though their bad business decisions put you here in the first place. If you didn’t believe the first post for this company, ‘Day of Reckoning is Upon Them’ you can’t say you weren’t warned.