Pz Cussons Share Discussion Threads

[spoole5] 26/9/2023 10:24

Just put it up for sale

[deanowls] 26/9/2023 09:49

That cash is in Nigeria and in what currency? Probably devaluing by the day and they can’t get it out!

[justiceforthemany] 26/9/2023 07:59

NET CASH POSITION
CASH ON BOOKS HAS SURGED

[essentialinvestor] 15/9/2023 10:29

Unilever on 18.5 X forward.

[justiceforthemany] 14/9/2023 18:34

Holding both but this is now trading at c. 13x P/E whilst Unilever is closer to 20x which is the staples average.

[giltedge1] 09/9/2023 14:05

Essential Investor, if you look back in posts I advised to switch to ULVR in Sept 22.
ULVR going well with great businesses in India, China & USA can ride out any volatility in places like Nigeria, as a tiny percent of turnover. New chief on board & pushed through 10% price rises in 2023 with no change in volume. PZC gone no where in 20 years, great brands but lost there way. Controlled by sleepy trusts who make no demands on company. Best hope, takeover for those prepared to wait.

[giltedge1] 09/9/2023 13:41

From trading statement;
every 10% devaluation in the Naira from the closing rate used to translate the balance sheet as at 31 May 2023 is estimated to reduce the Group cash balance, as reported in GBP, by approximately £20 million.
So down circa 70%, £140m could be wrong?.
Don't like the sound of this, looks like low net debt an illusion, a lot of cash sitting in Nigeria unable to move. Going forward can move but a big haircut.
Like the brands though.

[essentialinvestor] 07/9/2023 12:56

The rating is not be much different to ULVR ATM, can anyone make a buy case ?

[essentialinvestor] 06/9/2023 15:15

Net debt will be interesting.

[gateside] 06/9/2023 12:10

Q4 results on 26th September

[justiceforthemany] 06/9/2023 11:55

15 year low at least.
Supposed to be a boring, predictable defensive share.
CEO must be on very thin ice indeed.
Would have been taken over if not for the large family stake.

[gateside] 06/9/2023 11:35

Utterly dire performance!

[gateside] 06/9/2023 11:35

Trading on a 17 year low!

[m_kerr] 27/8/2023 21:52

partly sentiment and partly business performance. e.g. exposure to a market like nigeria can quickly go from being something investors love, to something they hate.

it's a pretty stable, defensive business that's derated quite significantly over the years. i always try to look forwards, and as a result of that derating, forward looking returns look much better as a result. only around 11 EV/EBIT.

[justiceforthemany] 23/8/2023 11:24

This is now sat at 15 year lows. Ludicrous.
Defensive stock, really?

[justiceforthemany] 08/8/2023 16:16

The Naira has strengthened vs GBP.
Welcome

[deanowls] 08/8/2023 12:15

Interesting to see gsk and halon changing their Nigeria model.

[petersinthemarket] 08/8/2023 11:23

163p gap filled - now for 170p

[spoole5] 03/8/2023 09:13

Management can claim all the progress they like, share price lower than when they took over.

[petersinthemarket] 02/8/2023 12:52

I see a tiny gap around 163p and share price seems to be headed in that direction. Once that is filled perhaps it will rise to fill the larger 170p gap before rising further. I hope so anyway. Any chartists care to comment?
pete

[essentialinvestor] 22/7/2023 11:03

Childs Farm certainly does not break the bank,
very competitively priced.

[philanderer] 22/7/2023 10:46

'Soap sales halve as UK shoppers cut back on hygiene products'


Handwash and bubble bath sales also fall in first six months of 2023, with cost of living blamed

[m_kerr] 18/7/2023 13:22

margins and profits seem pretty stable, and a depressed EV/EBIT multiple of about 10 makes the stock low risk at this level.

[petersinthemarket] 07/7/2023 11:13

Watch that RSI(14) chart - turning back up again at last.
EDIT: 14July: RSI now better than c25 after climbing strongly from c5.