Pz Cussons Share Discussion Threads

[toffeeman] 24/1/2012 10:03

I just took a small long to see if the gap closes again!

[bonio10000] 24/1/2012 09:44

There is certainly a lot of deep blue sea under this price on the 2-3 year chart.

On a technical side, that would be worrying in terms of resistance for any drop.

[m.t.glass] 24/1/2012 08:52

a GoogleNews search for Cussons brings up nothing but negative headlines for today so far

[redartbmud] 24/1/2012 08:52

Meanwhile in the UK very heavy discounting is going on. Every penny off the price is apenny off the bottom line.
No signs of any respite.

[bonio10000] 24/1/2012 08:32

Was listening to a December edition of the Economist and there were some very interesting articles on Africa and its growth. If PZC can tap into that, this is a long term hold.

[m.t.glass] 24/1/2012 08:25

.........Overall, we anticipate that results for the full year will be towards the bottom end of the range of current expectations." ..........



.........Post period end, two events have affected Nigeria, our largest market. First, social instability over the Christmas period led to a state of emergency being declared in a number of northern states which has impacted sales in those areas. Second, the removal of the fuel duty subsidy led to civil disruption during January and a week long national strike which affected production in all factories and sales on a national level, during what is a peak trading period. Whilst the strike has now ended and the fuel subsidies have been partially reintroduced, continued social instability in the North together with ongoing fiscal reforms may create further unrest in the balance of year.

Elsewhere, we expect that the trading environment will continue to be difficult in some markets given increasing pressures on consumer spending power, continued high levels of promotional activity in developed markets and the UK in particular, and ongoing high levels of input costs.........

.........Performance for the Group in the coming months will depend in part on the severity of any further disruption in Nigeria as well as any impact on consumer disposable income from removal of the fuel subsidy. We anticipate that results for the full year will be towards the bottom end of the range of current expectations........

(see full text via link in header)

[toffeeman] 19/12/2011 08:30

So another case of gap filled

[hvs] 11/12/2011 14:37

lol !!! lol !!!!

ANAL YSTS at it again.

These shares are way overpriced .

[gateside] 10/12/2011 23:16

Analysts predict PZ Cussons recovery

Analysts have predicted Imperial Leather to St Tropez maker PZ Cussons will bounce back in the second half of the year after it issued a profit warning for the six months to November 30.

Manchester-based Cussons blamed high raw material and promotional activity costs and weak consumer spend for increased pressure on its margins.

In a trading update it said it had achieved good revenue growth in its core markets of the UK, Indonesia and Nigeria, though raw material costs and adverse exchange rates had impacted margins.

And trading conditions in Australia, Greece, Thailand and the Middle East have been challenging, meaning overall profit for the period was below expectations.

Its UK washing and bathing division saw good revenue growth, and new products have been well received, though margins were hit by high levels of promotional activity.

The beauty division, which includes The Sanctuary and St Tropez, has grown revenue and profit and new product launches have been successful.

In Poland revenue and profits were ahead of the prior period, but trading conditions in Greece continue to be difficult.

Revenue and profit in Australia have fallen due to competitive trading and high raw material costs, though they have grown in Indonesia.

Trading in the Middle East has been affected by political unrest and supply from Thailand was affected by floods, though it is now almost back to normal.

In Nigeria, revenue growth has been strong as economic and political stability returns following elections, though margins continue to be hit by high raw material costs and adverse exchange rates.

Cussons predicts the trading environment will continue to be difficult and it is focusing on driving growth by growing margins and launching new and improved products.

Analyst Graham Jones at Panmure Gordon said: "A combination of events mean that H1 results will be worse than expected, but it is worth stressing that in the core markets (UK, Nigeria, Indonesia) growth has been strong, and while costs are likely to remain high, there won't be significant increases on H2.

"As such we forecast a return to profit growth in H2 and expect profits to be ahead for the year as a whole."

PZ Cussons shares were down 11.8 per cent, or 40.8p, to 303.9p on the news, but rebounded to 309p later in the day.

It posted a seven per cent increase in pre-tax profits to £108.9m for the year May 31, on revenues of £820.7m, 6.4 per cent up on the previous period.

[3800] 09/12/2011 08:43

Yesterdays profit warning came out of the blue to me. I did buy a few but am not sure if there will be a better entry point in the future. Numis revised forcasts for 2012 were 16.5p EPS thats still a heafty P/E but still some growth on this years 16.04p lets hope they make it.
3800

[pugugly] 26/7/2011 11:15

Steady as she goes. Cash up, profit up, dividend up.



Forward p/e still high and some may say fully valued but operating in growth markets. imo A very strong hold and/or a 5 year buy and hold subject to entry point.

Views ?

[pifedayo] 15/7/2011 14:59

Yes and mostly sells with one trade for almost half of it.

[gateside] 15/7/2011 14:33

Very high volume traded today

[redartbmud] 09/6/2011 08:52

Just a case of holding at the moment.

[pugugly] 09/6/2011 08:00

summary of ims. Life is tough but we are managing - Cash increasing. Apart from that steady as she goes.

[pifedayo] 06/6/2011 21:51

Considering that it is less than 2 months since the interim management statement, there may well be some special announcement that had to wait until after the year end. June 9th should reveal all.

[ygor705] 06/6/2011 19:39

This one has ticked up a long way in anticipation of results that are not likely to be that special. Is there something else going on in the background here?

[pifedayo] 25/5/2011 11:01

Anticipation of Full year results. Next mgmt. statement due 9 June.

[doobz] 25/5/2011 09:38

Ticking up nicely in bad markets. Looking good

[mechanical trader] 06/5/2011 12:03

Gone long PZC

[mechanical trader] 06/5/2011 12:00

One to keep an eye on especially in down markets like we have at present and considered a defensive stock... PZ CUSSONS PZC

[bonio10000] 20/4/2011 09:49

I only buy Source now as it is not tested on animals, is made in the UK and is damn good.

The only reason I stumbled upon it was due to the in-store offers attracting me to buy it. A prime case of why lots of TV advertising is not always necessary.

[pifedayo] 20/4/2011 09:28

redartbmud

1. I agree that there are those who think that way, but in the current 'squeeze' many are trying cheaper alternatives and base further purchases on comparative performances. Also PZC benefit from sales of the store own brands that they manufacture.

2. Again I agree to a point. However there are also those who no longer watch in awe at the TV ads. In store placements of products, especially special offers have their own advertising which can have an immediate affect at the point of sale.

3. The announcement of the next major development in Nigeria which was estimated to cost $27 million over 2 years saw the start of the downturn in the share price from the December 2010 high point.

[redartbmud] 20/4/2011 08:56

pifedayo

Read what you say about advertising, but counter argument:
1. Do people think product inferior if sold at significantly lower price to competition?
2. Advertising stimulates interest & association in product - consumers go out & buy brand X automatically because "conditioned" by advertising.