tejo
09 Jun 2016
update Good results spoilt by the dollar liability, that should never have been incurred, write off.
gamesinvestor
09 Jun 2016
Update [link] pretty reasonable considering the challenges in Nigeria. The rest of the portfolio seems to compensated for this.Questor probably has it all wrong again. Nice one Beardy.Games
nk1999
08 Jun 2016
Telegraph- Questor "The Questor Column:Time to sell PZ Cussons after the rally?: PZ Cussons, the maker of Imperial Leather soap and St Tropez fake tan has appointed investment banker Caroline Silver as its new Non-Executive Chairman. PZ Cussons has more than a hundred years of trading experience in Africa, selling shampoo, soap, milk powder, detergents and electrical goods. Nigeria is the company’s largest market and the commodity-dependent economy has been hit hard by the slump in the oil price. The African business generated 35% of the group’s profits in 2014 before the oil price crash, and this had fallen to 23% in the latest interim results. The naira exchange rate has remained relatively stable during the two months to the financial year end of May. The risk is that even though the exchange hasn’t deteriorated further, and the oil price has risen 60% from January lows to more than $50 per barrel, consumers are still hamstrung by squeezed spending power. On a longer-term outlook the worry is that the company has offset the slowdown in Africa with expansion in Asia and Australia, buying haircare brand Fudge, organic yoghurt maker five:am, and babyfood maker Rafferty’s Garden. The company still has a solid European division, which contributes about 60% of group profits and delivered a steady performance in the first half of the year, boosted by Carex and St Tropez sales. It looks like some sensible dealmaking to trim underperforming brands and get the company back on track is exactly what the company needs right now. The last time we looked at the shares we got it wrong when we recommended selling at 249p in January after the tough first half results. We think the rally looks a little over-optimistic and ahead of the full year trading update on Thursday and the annual results on July 26, we are sticking with our long-term advice on this one. Sell. PZ Cussons at 336.7p +5.7p. Questor says “Sell”."
superfurryanimal
03 May 2016
RNS Doesn't today's RNS point to something smelly with regards to last week's director deals in advance of this announcement. Anyone in authority looking to this? Same thing happened with Barr's director sales last week.
nk1999
15 Apr 2016
Numis "Shares in PZ Cussons were in the red on Thursday as Numis reiterated its 'reduce' rating after the company warned of difficult conditions in its main market of Nigeria.In an update for 27 January to 13 April, Cussons said overall trading has been in line with expectations and the company is on track for the full year but cautioned on trading in Nigeria.The Imperial Leather soap maker said the performance in Europe and Asia offset more difficult trading conditions in Africa. More specifically, in Nigeria, whilst the official naira exchange rate continues to be stable, a lack of availability at that rate is resulting in the majority of dollars being purchased at a premium of 50-70%.The resultant cost impact is being managed through changes to relative pricing in an environment where trading conditions remain challenging and consumer disposable income is under pressure, the company said."Trading in Nigeria has been slightly worse than was expected in January and the repercussions of a lack of liquidity here will run on too into next full year," according to Numis."We made very cautious estimates at the first half stage but have lowered pre-tax profit projections slightly more."Numis cut this full year's pre-tax profit estimate from £101m to £100m and have lowered the following full year results by £1m. The broker left the target unchanged at 262p."From ADVFN.
El Kel
03 Mar 2016
Re: Xd on Thurs... Reckon it's going to go somewhat lower yet.---------- -----Hmm, just goes to show wtfdik...An impressive post xd ascent.
El Kel
16 Feb 2016
Xd on Thurs... ...although you wouldn't think so from the sp graph.Reckon it's going to go somewhat lower yet.
gamesinvestor
31 Jan 2016
Lord Lee's Commitment to PZ [link] FT article featuring PZ Cussons :-""""One of the only stocks in his 12-strong Isa portfolio that is currently showing a loss is PZ Cussons. “Could it be that you have an emotional attachment to this share?” a reader gamely asked.“Absolutely,” Lord Lee replied. “I used to be on the board for ten years, so there is a special relationship there. PZ Cussons, maker of Imperial Leather, has been a very successful share for me over the years [he has a significant stake held outside his Isa portfolio] and I’m still in profit overall. They have a strong portfolio of brands in emerging markets, particularly in Nigeria. 2050, Nigeria’s predicted to be the fifth most populous country in the world, and PZ is probably the biggest manufacturer there, with a huge distribution network which they can push other products down in future. But in the short term, the oil price has had an impact and this week’s interim results may reflect those difficulties”.""""""Games
gamesinvestor
06 Jan 2016
Re: Dead board, or dead bored? Hi Soi,Thanks -- of the three, I wouldn't touch Lloyds with a bargepole, given we are sitting on the biggest housing bubble in human history and everyone thinks it can only go up and up. Lloyds is 95% leveraged and any significant swing in the property market can wipe out Lloyds equity. The good thing about banks is that when they go bust it happens very quickly and you lose all your money, so at least you are not sitting around worrying about it, it's done and you can move on with your life ARM is a good choice, even despite the cooling off of iPhone sales, ARM technology has a very broad reach now beyond Apple.MTI -- no nothing about -- will have to look this up.Games
soi
28 Dec 2015
Re: Dead board, or dead bored? Hi gamesSorry only just seen your message.I can now only find 3 others of their tips as follows :LLOY (Lloyds bank )ARM ( Arm Holdings )MWE ( MTI Wirelss Edge )ATBsoi
gamesinvestor
17 Dec 2015
Re: Dead board, or dead bored? "Took a curious look as it is one of Galvan`s Top 5 picks for 2016, surprised me"Soi, Out of interest what where the other 4 choices?Games
tejo
10 Dec 2015
Trading update The fall in the share price preceding the update has continued to-day and is now around 298.I still like this company and believe that the gradual reduction in the reliance on Africa plus the fact that Nigeria will improve in time, means that we will see a sharp increase in the sp for those who are patient.
gamesinvestor
27 Nov 2015
Re: Dead board, or dead bored? Soi,I bought into this heavily at 289 all the way up to 310 with about 7 entries.Despite my previous misgivings about the company, I dug in and read a lot about it, considered the markets that it was exposed to and despite the currency risks decided the price point was so low it was worth a punt. It's return on investment does not match ULVR and PG but it's still healthy and the company has long history and seems to expand in a sensible manner. It doesn't have the global reach of it's peers, but then again it can be argued it's not spread too thinly either.It's been climbing nicely and I think it has some way to go. At some point I'll reduce the holding but keep some for the long term. I also have Unilever and added some Procter and Gamble when the share price dipped earlier this year.Games
soi
22 Nov 2015
Re: Dead board, or dead bored? Hi gamesI have no holding or position in PZC ( never have ).Took a curious look as it is one of Galvan`s Top 5 picks for 2016, surprised me.I`m not overly keen but have added it to a watchlist, might attempt a long trade with it at some point.ATBsoi
gamesinvestor
15 Nov 2015
Dead board, or dead bored? Anybody still invested in PZC?The stock jumped nearly 5% on Friday and it's gone unnoticed.Games
