Pz Cussons Share Discussion Threads

[philanderer] 14/2/2022 10:53

JPMorgan cuts PZ Cussons price target to 220 (260) pence - 'neutral'

[cfro] 11/2/2022 16:00

A non-exec share purchase - 10k at 2.014p

[spoole5] 10/2/2022 15:12

I view this as a long term play on africa. Will eventually be the jewel in the crown, how long it will take is anyone's guess.

[philanderer] 10/2/2022 14:33

EI, perfect sense :-)

[essentialinvestor] 10/2/2022 14:13

Bought a small amount, having said yesterday it's difficult to see what
may move the share price forward, may be that in itself is a contra sentiment buy signal -
if that makes any sense.

[cfro] 10/2/2022 12:01

Not completely true - brands are still very important to many people.

A simple experiment - if you asked those on a budget that usually buy Aldi hand wash etc if they would swap for carex at no extra cost i think you would find they would.

[citytilidie] 10/2/2022 10:52

I went to the last AGM and they tried to be more positive than their figures appeared to show. Brands used to be very important to people but the likes of Aldi have shown that this is no longer the case. Unilever is another prime example of this although someone needs to inform their board.

[muzerewa] 10/2/2022 08:31

it would be an attractive PE target.. but quite a lot of the shares are still held by the founding family.

Surely attention should be paid to expanding the African business, in any way possible. Just looking at the demographic projections: Africa population to be 2.5 billion by 2050. 400 million in Nigeria. Staggering.

[essentialinvestor] 10/2/2022 08:19

Comment about no rush to buy may be valid, they are not exactly setting the Thames on fire.

Balance sheet stronger than it has been for years is a positive.

[spoole5] 09/2/2022 14:46

Always the chance of a bid here.

[km18] 09/2/2022 13:54

PZ Cussons issued interims for the HY ended 30th November and also provided a short outlook with in-line guidance for FY22. Business has contracted in H1, revenue from continuing operations fell 9.3% to £283.7m, although this was caused mainly from the earlier spike in sales of Carex hand products due to COVID. The overall business showed strong underlying momentum when comparing the results to the equivalent period two years ago, total revenues up 13% over 2 years. Operating profit from continuing operations rose 6.2% irrespective, statutory profit after tax from continuing operations was up 14.9% to £28.6m. Management expect to deliver adjusted profit before tax from continuing operations for FY22 within the current range of consensus estimates. Valuation is decent, forward PE ratio of 14.4 is ranked 2nd out of 8 names in Personal & Household Products & Services sector. But share price is still in a 10-month correction and lacks momentum. A solid and profitable business, but there is no rush to buy here. One to monitor for the time being....from WealthOracleAM

[spoole5] 09/2/2022 10:50

At last some progress in Africa.

[philanderer] 09/2/2022 09:58

At least it hasn't bombed. Can't see it moving much from these levels.

I'll continue holding.

[cfro] 09/2/2022 07:40

At least they managed to maintain margins( gross margin actually increased +40bps) which is key. Revenue is down due to the disposal of two non-core businesses and strong comparitives YoY for Carex.

Without the cost pressures these numbers could have been excellent.

Would have liked to see a divi increase hence disappointed with that.

Q3 and Q4 trading will be key now going forward.

[spoole5] 09/2/2022 07:05

Net debt of only 10m yet no dividend increase?

[justiceforthemany] 08/2/2022 18:18

Has the CEO and management failed here in keeping costs down and maintaining margins? We will find out tomorrow but chances are they will warn on both. Common theme. Outperformance would be very well received.

[spoole5] 04/2/2022 09:34

Is it gonna test the 3 year low of 160?

[spoole5] 28/1/2022 12:21

It's a big IF. Would be more likely as part of a larger organisation who could rip out costs

[essentialinvestor] 27/1/2022 16:22

IF should be capitalised in this case.

[essentialinvestor] 27/1/2022 16:18

* And that's the buy case, if they can push earnings forward.

[spoole5] 27/1/2022 16:16

They aren't currently valued as a growth company that's for sure.

[essentialinvestor] 27/1/2022 10:42

SP was well over £4 at one point from memory.

There's an uncomplicated explanation, PZC was once a high growth company and
rated likewise.

Whether they can reignite that growth is the current unknown.

[cfro] 27/1/2022 09:57

I completely agree.

[spoole5] 26/1/2022 22:20

I'm sure it won't be long before someone takes a look at it at these levels, would be peanuts for unilever, reckitt or P&G.

[gateside] 26/1/2022 21:46

On this day 10 years ago, the price of PZC was 303p

Speaks volumes!

What a dire company this has been to invest in.

I'm sure they will rattle out the usual excuses in the results on 9th February.