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Pz Cussons Share Discussion Threads
Showing 526 to 548 of 550 messages
|Since the trading update which painted a challenging picture going forward, the shares are up around 10%.
To me these look expensive and I can see a fall back when results are announced next week 24th.|
|Looks good today. Oversold over recent months.|
|Numis upgrading to 'hold' and 324p target
Shorecap retains 'hold'
An uninspiring update from consumer products company PZ Cussons sent shares lower on the day.
The firm, which is behind household brands such as Imperial Leather, Carex and Original Source, said it was trading in line with expectations and profit had been flat in the half-year to November 30.
Cussons said a poor British summer had affected sales of St Tropez tanning products while a 40 per cent fall in the value of the Nigerian currency had hit the firm's business in Africa.
Consumers in the region are struggling against high inflation, but Cussons said it had maintained its market share.
Numis raised its rating on the stock to 'Hold'. The broker said it was a decent update despite tough conditions and added that Cussons was likely to benefit from becoming Tesco's top choice after the Unilever 'Marmitegate' spat. Shares slipped 1.6 per cent, or 5p to 308.8p.
|I'll happily get in at 250...|
|Up from 240p last year. Not a dog, it's a Pedigree!|
|Just glad I sold. I knew this dog would soon come tumbling down. H&S pattern now in progress. Should that complete expect to see sub 300 within a few months.
|Nope - I paid 298.5.
As and when the price goes above 375 and that level becomes support I will set a stop at 350, as that would lock in a decent return.
I don't PLAN to sell!|
|Bought at 229p PZC is an excellent run company, why sell the moment your in profit, just because you bought at a high price? Doesn't seem like a very good investment strategy to me.|
|In the long run we're all dead. I don't see any hope for countries like Nigeria whatsoever.
I think you did well to buy PZC at 298 and assume your stop was triggered since posting. I only just broke even yesterday for the first time in a little over 2 years. During that period PZC have underperformed the ASI by about 20%, which gives some indication how mediocre these shares have been. My timing could have been a lot better and I didn't expect to see my money back. Thankfully sold today and won't be buying this dog again.|
|Nope - not Unilever - they have a bigger presence in Nigeria than PZC - they used to run the country!|
For those looking at emerging markets and consumer staples companies. I think FEET IT fits the bill very well.|
|I bought PZC at 298.5 I plan to set a stop at 350 as and when the stock breaks and holds 375 to lock in a 17% gain.
Like sturmey Nigeria with a population of at least 200m (40% of EU!)is a key reason for holding.
At some point (could be a distant one) Nigeria will be an attractive growth market and PZC could well be a target (I would see PG or CL as a more likely buyer than RB)|
Nigeria is by far the largest country by population in Africa. PZC are well entrenched to benefit from future growth. As an "Africa play" it is hard to find a better candidate than PZC.
I bought PZC primarily for its exposure to Africa/Nigeria. If PZC pulled out of Nigeria, I would pull out of PZC.
I look at PZC as an emerging market version of Reckitt Benkiser (which I also hold). Might RB cast a predatory look at PZC in the future?|
|I don't know wtf PZC continue to base themselves in Nigeria. What can be the point of continuing to produce in such a corrupt, financially unstable country which has been the case for years? It's about time PZC came to their senses. The Naira will continue to depreciate despite its recent 23% devaluation. Nigeria is one screwed up hellhole with no sign of things improving. Time for PZC to pull the plug on it.|
|Closed bang on key level - will we see progress next week?|
|The good support at this level is very comforting in the current market for me.|
|Nigeria not looking any better?|
|It means that the costs of production in Nigerian factories goes up because they are all imports and so profits will be down. Then when the Naira earnings are translated into £Stg they are worth less(sic).
That's the short term.
In the longer term it should strengthen the economy and so enhance earnings.
(At least I think that's the impact!)|
|How does Nigeria losing the dollar peg impact them?|
|Needs to get back above 342|
|Decent trading update this morning - in-line with expectations|
|above a key level of 342|
|But the share price is!|