Pz Cussons Share Discussion Threads

[essentialinvestor] 19/12/2019 00:34

If there was not a controlling shareholder the buy case may be stronger.

In fairness to Nick, he made that comment in September,
just as Unilever peaked following a parabolic multi month move.

[cokehookerscars] 19/12/2019 00:18

"Star fund manager Nick Train has warned investors 'it would not at all be a surprise' if his funds 'embarked on a period of poor performance' given the high conviction stakes he takes in the companies he backs."
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No sh*t Nick !!!!

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From a June article.
hxxps://citywire.co.uk/funds-insider/news/nick-train-warns-over-risks-of-high-stakes-in-his-funds/a1239753?section=funds-insider

[cokehookerscars] 19/12/2019 00:08

Seriously ?!
What does he see in this company that no one else is right now ?

Genuine question !!

[redartbmud] 18/12/2019 16:04

Nick Train has gone off the rails:

Nick Train swoops on PZ Cussons in first UK buy for nine years

Nick Train has bought shares in PZ Cussons (PZC) as the Citywire AA-rated fund manager builds a new stake in a UK-listed company for the first time in nine years.

His Lindsell Train fund group has amassed a stake worth £12.2 million, representing 1.6% of the FTSE 250 consumer goods company's shares, according to Refinitiv data.

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Sorry, I don't hold, and do not see any case to hold.

[essentialinvestor] 18/12/2019 16:01

They made near 18 pence on EPS in 2015, FY forecast appears to be around 12 pence.
If I'm reading this correctly it's 5 consecutive years of declining earnings?.

[3800] 17/12/2019 21:57

it's over 9 years since I sold out of PZC at double the current share price (see post 215). this has gone from one of the most stable companies on the market to a disaster. I don't feel anything above 12x forecast EPS is cheap. I'm not sure if it will go that low but I'm not tempted yet. In the same time frame shares in ULVR have more than doubled dispite the current set back.

[essentialinvestor] 17/12/2019 21:24

Following the recent divestments net debt should be somewhere around £120 million?.

[topvest] 17/12/2019 21:16

Going down because of the Unilever statement today, I expect.

[contrarian joe] 17/12/2019 19:10

No worries Phil,bought in this afternoon,inresting choices from Mr Bearbull,Bowl been on my watchlist for ages,waiting for a bad patch to buy.

[philanderer] 17/12/2019 18:15

Investors Chronicle:

"Growth or recovery"

[escapetohome] 17/12/2019 17:42

Given the falls i have this on my watchlist.

Not buying yet though.

[philanderer] 17/12/2019 17:41

contrarian joe, many thanks for that link.

[nick rubens] 17/12/2019 16:42

"PZ Cussons said it expects a stronger second half, but full-year revenue and adjusted pretax profit will be modestly below the prior year on a like-for-like basis."

Prior full year EPS was 6.24p.

Earnings looking a bit lacking here. Need to get profits back on growth phase.

[chrisdgb] 17/12/2019 15:58

Seems harsh that it is virtually down more than Unilever......!

[contrarian joe] 17/12/2019 15:49

Should find support 177/178!!.

[deanowls] 17/12/2019 15:44

Off the back of Unilever

[chrisdgb] 17/12/2019 15:13

Painful today as well, takeover target soon............??

[vb6] 16/12/2019 22:02

Everything but this went up today.

[gateside] 12/12/2019 21:43

Yes me too. Heart rules here. I like the brand, the family ownership, the history....Will stick with PZC and collect the dividends.

[contrarian joe] 12/12/2019 21:34

This might interest you Phil.

hxxps://www.ii.co.uk/analysis-commentary/why-share-has-rocketed-my-top-five-list-ii509822

[redartbmud] 12/12/2019 11:51

phil

I like the company, and the brand. I have not discounted returning at some point, when the ducks are better aligned.

[philanderer] 12/12/2019 10:52

Morning red.

Heart rules my head on this one. I like the company , I like the brand and am only just under water. I'll continue to hold and pick up the dividend :-)

[redartbmud] 12/12/2019 10:50

phil

I used to be a holder but sold out some time ago.
my concerns were some of the markets that they operate in and the strong competition, with heavy price discounting, in others.
I have not changed my view.
It is a great shame.

FWIW

red

[philanderer] 12/12/2019 10:42

12th dec Shore Cap hold .. retains