Cos PZC is havin' a lAAF - (sorry!)
D |
Funny how AAF which also suffered due to Nigeria has doubled in price and this is static. |
I always thought that having family interests in PZC would have helped make it a good investment. Have held this for longer than I care to remember, it has been an awful investment. Owners and directors don't seem to care though. It has certainly lost its way. Be good if ULVR (or someone else) bought them out, but with the family being large shareholders, I do not ever foresee that happening. |
That has always been a problem and a major barrier to the company being sold.
I must admit i do have images in my head of old man Zochonis sat there in his rocking chair smoking his pipe stubbonly refusing to acknowledge any offers for the company at all lol.. |
Too many long standing family interests (which go way beyond the declared ones you can see) for it to be sold |
Classic small UK stock im afraid. Ignored until sold on the cheap |
According to this article Nigeria is seeing large capital inflows now with money seeking a safe haven from Trumps tariffs plus a bet on the recovery of the Naira which is up 7% since Nov and it's stockmarket up 4% so far this year.
Bet on Nigerian recovery draws investors seeking to dodge trade wars |
We can only hazard a wild guess as to what is happening behind the scenes but if there is a potential bidder lurking in the background interested in making an offer for the company as a whole, then this could be holding the process up and the reason why we are waiting so long for news..
St Tropez is not related to this at all but we are still awaiting news on this disposal which could mean it is not going to be sold seperately.. |
Look here's the issue. The PZ Cussons Nigeria share price (Lagos Listed) has appreciated around 30-35% since the debt to equity scheme was proposed. The minority shareholders think we are diddling them now as the offer we made is substantially below the current share price. Secondly the Nigerian currency has steadied and trading for PZ Cussons Nigeria could rebound strongly now.
We will probably go back to them with a better offer and less dilution to existing PZN shareholders. |
 sf
pure speculation on your part in the main. Of course he has friends in the know and is party to information not widely available - a bit like Mr Buffet and every other successful big time investor. But like all successful investors he has a thorough knowledge of the stocks of his choice which provides him with the conviction which provides him the patience which are also qualities that successful investors possess.
Which of his mates have moved on from PZc and has this led to a deteriorating performance of just this company or the whole of his portfolio? Is the performance of PZc deteriorating currently?
One in Lord Lees portfolio that certainly isnt deteriorating is CNC. I became interested in it around 5 years ago after listening to a presentation by him and eventually bought in around 70p. A bit like many companies it has had it struggles but it has stayed focussed. Check it out. Its doing ok for him and me and I defo have no pals with inside information - but I have had to have patience (though I confess my conviction has wavered at times) |
due to being on boards and friends with those in the know, he has had inside info for years. which, imho, was the main reason for him being a famous isa millionaire.
however he is getting older and his mates have been moving on. so less inside info=deteriorating performance. |
The 'Lord' Lee has made a stinker here. STV another. Does he have a good track record? |
Hopefully only a small delay |
Well if true then things with the Nigerian side of the business are a lot more complicated than anyone would like.
Perhaps that is the reason why we are not getting any news on possible disposals or any possible takeover offer for the whole company.
Although it would have nothing to do with the possible sale of St Tropez but, and we can only speculated here, as i said above perhaps it is holding up a possible sale of the whole business.. |
Apparently Nigerian debt for equity has been blocked by a court injunction from a Nigerian small shareholder. |
For a low volume stock its price moves around a lot |
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. |
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
Hot Features
Premium
