Pz Cussons Share Discussion Threads

[bedford1976] 22/12/2024 10:13

I don't think PZ directly operate in China, but I guess Child's Farm might be sold on Alibaba. It's not a market they have ever mentioned.

[deanowls] 20/12/2024 18:34

China is going to halve?

[m_kerr] 20/12/2024 16:25

£32m and £28m of EBIT in Europe and asia/aus at the moment, compared to an enterprise value of approx £470m.

IMV this company would be revalued upwards if PZ Nigeria was disposed of. WOuld be a shame as Nigeria clearly has huge potential over the long run.

Companies with good brands and stable cashflows in western countries are generally valued very highly by stock markets.

[nhb001] 20/12/2024 16:18

Thanks Bedford.

[bedford1976] 19/12/2024 15:34

It's hard to say really they own 75% of PZ Cussions Nigeria which the has an electrical business joint venture. The PZ Wilmar business is a separate joint venture.
It's easier to assume they are going to achieve roughly £100m for St Tropez, and they could just sell the PZ joint ventures in Africa.
It does look like the Naira is stabilising so they might not want to lose the personal care brands in a future market of 400m population.
Whatever happens the current share price is utterly ridiculous, and massively undervales PZ Cussons.
Most likely is by hook or by crook they become debt free in 2025, and gang onto as one kind of core business in Nigeria.

[nhb001] 18/12/2024 13:27

Does anyone have any insights as to the possible value of the Nigerian business in the case of a complete sale? I've seen some large numbers which I struggle to believe given the 70% devaluation of the Naira.

[justiceforthemany] 09/12/2024 16:32

Historical average here is 300p+
A return to 100p looks on but that's pathetic. Naira a little stronger but still devalued by 100% vs GBP year on year.

[bedford1976] 09/12/2024 12:42

Share price is moving up after a long stagnation period maybe something's brewing ??

[barnes4] 06/12/2024 12:46

Lovely chart formation atm

[barnes4] 05/12/2024 09:35

Nice rise again this morning

[bedford1976] 04/12/2024 18:40

Dividend day today so todays uptick might be attributed to dividend reinvestment.

[fernando73] 03/12/2024 11:22

Nice uptick move today.News soon??I hope so ???

[bedford1976] 21/11/2024 15:02

All looks quite stable I'm still convinced they are just selling haier, PZ Wilnar and St Tropez. Probably enough to be become debt free. PZ Cussions Nigeria is probably a cash cow in the longer term that will reward shareholders. Every effort is likely to made to trade in dollars mitigating any currency risk.

[gateside] 21/11/2024 08:17

Thought the AGM statement was reasonably sound. Maybe see an uptick in price later?

[gateside] 21/11/2024 08:17

PZC is almost certain to be demoted from the FTSE-250 to FTSE-Small Cap on the review in early December

[bedford1976] 13/11/2024 12:42

I did read a broker report a few months back, and they thought £100m for St Tropez and £180m for Africa but your correct one or the other could fetch a greater premium. Their other thesis being what's left would be much more highly rated. Carex alone is s probably worth 300 - 400 million and that kind of figure has been quoted by a previous PZ Director. I personally think Child's Farm has the potential to become a global brand that's my opinion, and I use to be a packaging technologist in this sector for Unilever. If that plays out there could be huge value here in the medium to long term. I will be keeping my shares nicely tucked away and taking my dividends

[deanowls] 12/11/2024 14:55

Would probably be paid in Naira so worth about four freddos.

[cfro] 12/11/2024 11:47

The figure i have in mind, and i must stress is just a complete guess, is £400m or as much as current market cap. Thats what i would personally hope they would fetch for it. There is a lot to the business, much more than you realise with very valuable distribution channels etc..

Whether they end-up getting anything like that amount i dunno or perhaps they might get more..

[simon gordon] 12/11/2024 10:08

Bedford,

What do you reckon the African business is worth if sold?

The FT reported in April that St Tropez could fetch £100m.

[fernando73] 01/11/2024 15:07

Great buying opportunity here.

[bedford1976] 18/9/2024 16:38

I'm a little bit more positive here once Tropez is s sold and Africa is simplified we should be near enough debt free.
The focus then is working our brands to their full potential (and PZ Cussons have some fantastic brands)

[scepticalinvestor] 18/9/2024 15:18

Extreme incompetence by the BoD.They should have been exchanging as much as they could of the Nala as possibleStarted a short at 98p todayTarget 60

[dope007] 18/9/2024 12:11

The reduction in debt is also a significant positive