I see, the article I read also noted that PZ Cussons Nigeria are beginning a cost cutting initiative. I think sales are growing but eyes are on the gross margin. It does look a lot more positive. |
Thats what Lord Lee forecast |
Apparently shares in PZ Cussons Nigeria are up significantly (24%) since the announcement of the debt for equity swap. There seems to be sentimental that the troubles of 2024 are now in the past. We might find that PZ Cussons recovers more strongly now than the London market suggests. |
Edison out with a one-page note on PZC - 18/2/25: |
I read it as we are buying it from the Nigerians, basically using the debt for equity to take more control and according to the Nigerians more control on the cheap. |
Not sure why they would do that surely if they sold our stake in PZ Nigeria the new buyer would do the clean up. |
https://businessday.ng/companies/article/pz-cussons-looks-to-convert-34-3-million-debt-to-equity-at-a-discounted-share-price/ |
Or they could be "tidying up" the Nigerian business ready for a sale. We just dont know.. |
Nigerian media is saying PZ Cussons Plc are planning a debt for equity swap to eliminate debt in PZ Nigeria. It's something like 26m dollars for another 10%
Doesn't look like they are completely exiting Nigeria anytime soon |
Boring shares are often the best. |
Boring shares are often the best. |
More fool you
This is worth more then it is trading for
Value will out |
Sold. Bored |
Get the whole outfit sold gets my vote
They have had long enough |
Can,t see any uplift here, looks like div on hold. ST Tropez same Turnover as when they bought no investment or promotion, Same as Original Source bought off entrepreneur & gone sideways, no investment promotions not like ULVR Dove advertising daily in your face. |
It looks like and reads like an AI generated article. |
Don't know who wrote that but surely it is complete bolox over the last three years the share price has halved! |
First half 2025 earnings released: EPS: UK£0.012 (vs UK£0.11 loss in 1H 2024)First half 2025 results:EPS: UK£0.012 (up from UK£0.11 loss in 1H 2024).Revenue: UK£249.3m (down 10.0% from 1H 2024).Net income: UK£5.00m (up UK£50.4m from 1H 2024).Profit margin: 2.0% (up from net loss in 1H 2024).Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Personal Products industry in the United Kingdom.Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. |
Well the old man may well be out of the loop then. He claims to have added to his holdings 'substantially'.
Treatt is another top 5 holding of his. |
Lord Lee was at PZ yonks ago well before Myers
Thanks for the info Mundungus |
As an ex board member did he help elect the CEO Myers perhaps? No director purchases so they've either got no shame or confidence or they are in a never ending closed period. |
John Lee mentions PZC as his stock of 2025. Suggests Saint Tropez sale announcement delay might be due to either lack or interest in the brand or perhaps has allowed potential buyers to realise how undervalued PZC is overall. Source: Lee and the IC on YouTube, published yesterday. |
I have thought the same St Tropez should be an easy sale with a qué of buyers in the US alone.
The other thing I thought is maybe they timing the disposals with a new acquisition to make up for the revenue decline once St Tropez is offloaded.
If they have identified something in the UK / Indonesia or Australia it must be quite a sizeable acquisition. |
This is getting interesting
Bought a small stake |
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