Pz Cussons Share Discussion Threads

[toffeeman] 27/7/2017 15:55

Effing useless Numis upgrade!

[toffeeman] 26/7/2017 09:18

Times today says avoid because of Naira uncertainty.

Getting to the point where I will hold and short via a spread bet as a hedge when it hits resistance.

Doing nicely this am

[toffeeman] 25/7/2017 21:08

Gale force - that's why I bought. Colgate is my favoured suitor

[galeforce1] 25/7/2017 17:28

I wonder how long a company like PZC will remain independent.

It must be a tempting takeover target for bigger companies in the same kind of consumer non-discretionary space. Reckitt Benckiser , or maybe even Kraft Heinz. I think Unilever is already big in Nigeria an Indonesia, so PZC would probably not be a good fit.

Let's say that PZC would cost £2bn. For all of those companies that's not a huge number.

PZC has some good brands, and a dominant position in Nigeria which has one of the fastest-growing populations in the world.

[toffeeman] 25/7/2017 09:08

Get ready to short at 375?

[gateside] 20/6/2017 15:46

Have faith! Excellent company.

[toffeeman] 15/6/2017 09:40

Hasn't plummeted on trading update/results for the first time in a while.

[pugugly] 20/2/2017 22:27

spoole5:> unlikely (imo) hopefully !!!!!!!!!!!!!!!!!!

[spoole5] 20/2/2017 20:11

looking to start buying these sub 3 quid. Will i get my price?

[zcaprd7] 24/1/2017 10:27

Yes. Nigerian currency issue was pretty well flagged?

[uhound] 24/1/2017 08:14

As expected - 250p fair value?

[uhound] 20/1/2017 10:01

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.

[gateside] 16/12/2016 13:09

Looks good today. Oversold over recent months.

[philanderer] 15/12/2016 23:27

Numis upgrading to 'hold' and 324p target

Shorecap retains 'hold'


Market report:


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.

[zcaprd7] 07/12/2016 11:00

I'll happily get in at 250...

[gateside] 31/10/2016 17:53

Up from 240p last year. Not a dog, it's a Pedigree!

[bend1pa] 31/10/2016 15:49

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.

[toffeeman] 25/9/2016 15:13

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!

[gateside] 24/9/2016 08:17

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.

[bend1pa] 24/9/2016 00:01

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.

[toffeeman] 10/8/2016 13:11

Nope - not Unilever - they have a bigger presence in Nigeria than PZC - they used to run the country!

[mozy123] 10/8/2016 12:14

Or Unilever!

For those looking at emerging markets and consumer staples companies. I think FEET IT fits the bill very well.

[toffeeman] 10/8/2016 11:52

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)

[sturmey] 09/8/2016 21:34

bend1pa

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?