Pz Cussons Share Discussion Threads

[essentialinvestor] 06/7/2023 13:41

What they should have done was confirm an exact net debt figure as of 26 June
given the FX situation.

[petersinthemarket] 05/7/2023 15:39

grossly oversold now - unbelievable

[essentialinvestor] 04/7/2023 16:32

They mention an aim of tripling revenue at Child Farm over the next 5 years
but what about profitability.

[philanderer] 30/6/2023 11:55

Childs Farm analyst event next tuesday.

[essentialinvestor] 30/6/2023 11:20

That might leave net debt somewhere near 85 GBP million.

[essentialinvestor] 30/6/2023 11:03

If I've read the statement correctly, approx 60 GBP million cash is 'gone'
FX movements as things stand.

[philanderer] 30/6/2023 10:58

And a near 4% yield on an unchanged dividend.

[petersinthemarket] 30/6/2023 10:56

FWIW, swing traders will be looking at that RSI 14 chart and salivating.
Huge headroom if PZC does the biz. Gap up at 170p. I'm in.

[philanderer] 30/6/2023 10:51

Barclays cuts PZ Cussons price target to 205 (252) pence - 'overweight'

[giltedge1] 30/6/2023 09:08

Great brands but company going sideways many years. Breakup seems best option. Nigeria may help suspect in past could not get funds out of country due to FX controls? Now hopefully can move funds at a realistic rate. Nigeria huge market, great for P&G or ULVR.

[justiceforthemany] 29/6/2023 22:44

Wife of CEO buying

[philanderer] 29/6/2023 12:56

Chairman buying a few yesterday

61,050 @ GBP 1.63791

[philanderer] 28/6/2023 10:00

Deutsche Bank cuts PZ Cussons price target to 227 (260) pence - 'buy'

JPMorgan cuts PZ Cussons price target to 182 (208) pence - 'neutral'

[justiceforthemany] 27/6/2023 17:36

The Naira has actually strengthened some 15% off its lows.
This is yet another UK share that is trading around the 2008 credit crunch lows. Justified? I strongly suspect not.

[marcela9] 27/6/2023 16:46

over-reaction, methinks. Topped up

[deanowls] 27/6/2023 15:01

I’d imagine they have had issues getting cash out and this will help them. Lots of airlines have had issues.

[essentialinvestor] 27/6/2023 14:58

Spin imv, but perhaps I'm being cynical.

[justiceforthemany] 27/6/2023 14:27

£196 million cash at the last results so a healthy amount.

Now again why did he 'welcome' the devaluation?

[essentialinvestor] 27/6/2023 12:41

justice, have you read the net cash impact of the devaluation - they state
a 20 million reduction in cash per 10% valuation of the Nigerian currency.

[philanderer] 27/6/2023 12:38

Got a 4% yield here now on an unchanged dividend.

[justiceforthemany] 27/6/2023 12:28

Why did the CEO say he welcomed the devaluation in the Naira? Anyone?

PS. A couple of pennies shaved off the EPS with this currency devaluation. This drop is unwarranted.

[philanderer] 27/6/2023 11:22

The latest issues in Nigeria detract from what is an 'otherwise a solid update' from PZ Cussons, according to Russ Mould, investment director at AJ Bell.

'Volatility in the currency and sometimes the country itself often seem to be a problem and may prompt questions about whether a sale of this part of the business could aid the long-term stability of the group,' he added.

Mail

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Analysts at Shore Capital described the naira devaluation as "a sting in the tail," adding that they would place their financial 2024 forecasts "under review for a downward revision to reflect the devaluation and management guidance."

The broker also placed its 'hold' rating for PZ Cussons stock under review.

proactiveinvestors.co.uk

[1tx] 27/6/2023 10:51

Not obvious why it would perform better as part of a larger group;I am doubtful if family interests would sell out in any case.

[philanderer] 27/6/2023 10:49

Being dumped like there's no tomorrow... 1.5 million printed so far.


May be worth a buy to average down soon ?