Pz Cussons Share Discussion Threads

[philanderer] 10/6/2023 10:44

Nigeria’s currency sank to a record low after the central bank auctioned dollars at a naira rate that was almost 30% weaker than on the tightly controlled official market.

Faced with heavy demand from industries and importers for the greenback, the central bank of Africa’s biggest economy sold dollars at 645 naira apiece, adding to speculation that a devaluation may be in the cards after the inauguration of a new president last month.

[philanderer] 06/6/2023 09:52

Was this really worth it ? ;-)

JPMorgan raises PZ Cussons price target to 208 (205) pence - 'neutral'

[petersinthemarket] 14/5/2023 13:01

wow - I almost choked on my breakfast when I saw that headline - Allianz duo snap up ‘highly defensive’ PZ Cussons - PZC taken over? - then I realised - it's just bad journalism - they only mean a few shares - my heart rate is back to normal now.

[philanderer] 12/5/2023 09:10

Allianz duo snap up ‘highly defensive’ PZ Cussons


Allianz Global Investors’ Simon Gergel and Richard Knight have bought PZ Cussons (PZC) because the turnaround of the personal healthcare manufacturer makes for a ‘compelling217; investment story.

The pair added the stock to their £330m Allianz UK Listed Equity Income fund in March as a new management team at the maker of Carex and Imperial Leather are ‘in the midst of a promising turnaround strategy, which is already bearing fruit and has the potential to deliver significant further value by raising both revenue growth rates and profit margins’.

The managers, both Citywire AA-rated, said the business had been ‘substantially rationalised, and much greater focus has been placed on key markets and segments’ after years of ‘lacklustre217; growth.

Organic growth has already improved and the Nigerian operations – which were an area of ‘significant concern’ – have already ‘dramatically improved profitability’.

‘The business is highly defensive due to the nature of the products, geographic diversification across developed and emerging markets, the strength of the brands and market shares, and the strong balance sheet,’ said Gergel and Knight.

‘The valuation is modest in absolute terms, further success is not discounted in the shares, and is particularly compelling relative to similar businesses with this defensive profile.’

Shares in PZ Cussons edged 0.2% higher to 197p on Thursday. They have rallied 16% from a three-year low of 170p on 20 March.


citywire.com

[philanderer] 13/4/2023 20:14

Should positive trading continue in key markets such as Europe & Americas and Australia, then we could see upside risks to forecasts,' said Damian McNeela and Deidre Mullaney, analysts at broker Numis.

[justiceforthemany] 13/4/2023 10:51

Raw material costs should be coming down. Only negative is depreciation of Nigerian Naira which is roughly flat year on year but off 10% vs October when Truss and Kwarteng crashed the pound.

[philanderer] 13/4/2023 08:33

😀👍🏼

[spoole5] 13/4/2023 07:43

200 this week?

[spoole5] 13/4/2023 06:26

At least in line indicates a possible beat on earnings expectations.

[toffeeman] 13/4/2023 06:20

Not managed to raise prices

[cfro] 13/4/2023 06:17

Trading inline. Africa still the stand-out despite disruptions.

[essentialinvestor] 11/4/2023 15:12

Thanks Phil, was just about to ask if anyone had a current view.

[philanderer] 11/4/2023 15:05

Trading update thursday

[philanderer] 20/3/2023 16:16

Nigerians vote in governorship polls as ruling party scrambles to regain lost ground in key states

[cfro] 20/3/2023 08:54

Not going too good for that naked trader fella Lol..

[spoole5] 20/3/2023 08:29

What's happened here.

[justiceforthemany] 17/3/2023 17:27

Ridiculous closing price/UT well below the bid and offer prices. Scandalous.

[spoole5] 17/3/2023 16:59

That was quite a dump at 171

[cfro] 11/3/2023 14:19

Successful tipster Lol... There is a huge difference from what he publishes (ie. what he wants to tell you) to what he actually does (ie what he doesnt want to tell you).

[petersinthemarket] 11/3/2023 12:09

Mny Tks Essential - You are obviously quite right, but I'm sure you understood my main point. I don't really follow the guy these days. I am aware that he has more recently made money out of his several books, various deals and subscriptions and also the training conferences he runs. But he was wealthy well before that. In fact he was only able to attract the sort of attention he does because he was already well known as a successful tipster. Because of the law, he now claims not to be a tipster, but simply publishing his own buys/sells. However, you can see his effect on the charts on publication day. Love him or hate him, the man is very good at what he does and consequently has a large following. I simply said that imo calling RB/NT's comments rubbish without offering any supporting facts is ''a bit dismissive''. The share price is already climbing - time will tell.

[cfro] 10/3/2023 17:48

You can believe what you want but anyone with an ounce of common-sense can see that he cant possibly make a penny in the markets while he writes total nonsense like the above.
He's made his money by charging stupid subscribers a fee. There's one born every minute Lol..

[essentialinvestor] 10/3/2023 17:12

Peter, you are a country mile out on when he started investing, it's more like 30
years ago, from memory.

[petersinthemarket] 10/3/2023 17:04

I vary rarely pick up on one of his buys and whether he is right on this topic is a matter for conjecture, but your remark was a bit dismissive. He started with next to nothing around 10yrs ago and is now a multi-millionaire with a devoted fan following. Not many tipsters can match that?

[petersinthemarket] 10/3/2023 13:56

FWIW, on his website on 2 March 2023, Robbie Burns/NT was looking for trading shares and said that ''There are a surprising amount of trading ranges around that we uncovered. That is shares that regularly go from one point to another and back again.''

''One such …. is PZ Cussons PZC. It makes lots of shopping staples and well knows brand names like "Carex". Because it's a reasonably steady sensible business the market rates it too cheap at around 180p and too dear once it hits 220p. Seemed a decent idea to get in then in the 180s looking for a rise back up. Looks an idea to nothing as if it falls much under 180p then something might not be right and get out for a small loss. It it then gets up to the 210-220p level time to take profits then go short. Rinse and repeat? ''