Pz Cussons Share Discussion Threads

[philanderer] 23/7/2019 12:57

++ PZ Cussons to sell non-core units to focus on personal care and beauty brands

++ It will also slim down its Nigerian operations, which have underperformed

++ Pre-tax profits fell 37.5 per cent to £37m in the year to the end of May


'Consumer goods firm PZ Cussons already delivered a hefty profit warning to get the market in a lather in January but if investors thought all the bad news was out of the way they need to think again, ' said Russ Mould at AJ Bell.

'The dreaded word 'transitional' is being applied to the year but the company is at least taking action – with a plan to pull back from some non-core brands and geographies in order to return to sustainable growth. And chief executive Caroline Silver suggests she will not waste time, pledging to 'act at pace'. '

[philanderer] 23/7/2019 11:43

Very little reaction today , less than 80,000 shares traded so far. But recent gains seem to be holding.

[philanderer] 23/7/2019 09:42

Missed this from last week..

"Why PZ Cussons leaves Greece"

Changing the global strategy of the multinational PZ Cussons group and its decision to exit the food industry brings about a reorganization of the domestic olive oil market by selling Minerva.

The deadline for submitting bids for the sale of the company expired yesterday and the multinational group, which apart from Greece has significant activity in the food sector and in Nigeria, is expected in the near future, in cooperation with its financial advisor KPMG to reach the preferred investor.

According to market sources, two are interested investors, out of a total of four who initially expressed interest in acquiring the olive oil company. These are Melissa - Kikiza and Deca Investments. Melia - Kikiza is not the first time to look at the olive oil industry.

In the past, it has been interested in acquiring Elai in the first attempt to sell the company by Unilever Group with Deca Investments interested in companies that can value in its portfolio.

The Minerva during the fiscal year ended May 31, 2018 (June 1, 2017 - May 31, 2018), showed a sales decrease of 13% to 55.64 mil. Euro. Similarly, the cost of selling from the high prices of raw materials in butter and olive oil, which led the gross profit margin to 19%, was 22%.

As a result, net pre-tax profits were reduced, amounting to € 617 thousand versus € 2.3 million. However, despite the unfavorable situation, Minerva remains with high creditworthiness and zero lending, and has also made significant investments.

Although declining its financial results, it has continued to invest in production facilities and modernization that approached € 6 million. In particular, it has completed a multi-annual investment program of € 3.2 million, which concerned the modernization of the facilities and production process at the dairy line of the Ioannina plant and the Andravida milk plant.

At the same time, the transfer and modernization of the TOP production line from Piraeus to Schimatari was completed, an investment of 2.5 million euros. In addition to the internal market, Minerva is also present on international markets, with exports accounting for more than 12% of total turnover.

[philanderer] 23/7/2019 08:39

Nigeria week as expected but no mention of Poland and Greece that I could see.

Dividend unchanged.

Analysts' presentation at 10.00am

Shore Cap - 'hold' .. retains

[philanderer] 22/7/2019 20:53

Market report:

The maker of Imperial Leather and Carex, PZ Cussons, jumped ahead of its full-year results as analysts at Numis said the soap maker could signal the disposal of non-core operations such as those in Poland and Greece or its Nigerian milk unit. Shares ended 10p higher at 227p, a rise of 4.6pc.

[cokehookerscars] 22/7/2019 17:45

Just breaking even on pz cussons at the moment.
If we get any uplift tomorrow I'll cut and run I think :-(

[sspurt] 22/7/2019 16:05

Hopefully we'll get some colour on the strategic review tomorrow.

[philanderer] 22/7/2019 10:04

Looks like some are expecting a positive statement tomorrow ;-)

[philanderer] 18/7/2019 16:56

Strong resistance around 220p

[philanderer] 12/7/2019 10:51

PZ Cussons appoints Havas Melbourne to creative account





The PZ Cussons Foundation, has constructed solar borehole, with capacity to supply water for 20,000 livestock daily, as well as end perennial water scarcity, identified as trigger for farmer/herder crisis, in Adamawa state.

Prof. Eyitayo Lambo, Board chairman of the foundation, at the handing over of the project in Gongoshi, said the project is to ensure safety drinking water is made available for human and animal use.

[philanderer] 05/7/2019 18:19

PZC the star of the day for my lot today on a poor day for the portfolio.

[philanderer] 27/6/2019 00:47

Over 13,000 students register for PZ Cussons Chemistry Challenge


Read more:

[philanderer] 26/6/2019 12:21

PZ Cussons announce partnership with Airbus to use satellite technology

Two leading multinationals, RB (Reckitt Benckiser), consumer health and hygiene, and PZ Cussons, consumer products, have taken a further step in the implementation of their No Deforestation policy by partnering with Earthworm Foundation and Airbus to use Starling satellite technology to monitor 100% of their palm oil supply chain.

[philanderer] 26/6/2019 12:10

Bride's nightie this one ;-)

[gateside] 25/6/2019 17:29

Final results on 23rd July should be very interesting as to where this is heading. If recovery is on course, then plenty of upside potential is possible.Last 2 trading updates have had a positive slant, but have been extremely brief on any detail.Happy to keep holding.

[philanderer] 25/6/2019 17:12

1 million traded.

Almost as if yesterday's price was pumped up to let a big seller out today.

Uncrossed @ 214p

[philanderer] 25/6/2019 17:10

Who knows with this one...190p then 178p looking at the chart I suppose.

Funny old week so far. Yesterday's gains all gone plus more. Now -1p from friday's close.

Weird.

[simba_] 25/6/2019 14:50

Where is support?

[philanderer] 25/6/2019 14:28

Resistance at 220p for sure

[philanderer] 25/6/2019 09:44

Can't find a thing . Even FT Alphaville mentioned it yesterday. No news around.

[gateside] 25/6/2019 08:24

Why the sudden volatility here?

[philanderer] 24/6/2019 10:34

Looking good ... if we can break and hold above 220p :-)

[philanderer] 20/6/2019 14:11

PZ Cussons employees clean-up to celebrate 120-year anniversary

[philanderer] 19/6/2019 18:02

Bolton Hospice @boltonhospice

Our amazing Bolton Hospice patron @PZCussons are currently offering half price entry to @altontowers and #Sealife with packs of #Carex, details.