Pz Cussons Share Discussion Threads

[deanowls] 06/10/2023 13:58

Getting money out of Nigeria has been an ongoing problem. Emirates suspended operations there as they couldn’t get funds out of the country.

[essentialinvestor] 06/10/2023 13:52

Well yes...but what is the definitive position on funds held in Nigeria?..

[justiceforthemany] 06/10/2023 13:49

GBP Naira now below 900.
This should be a positive for PZ.

[justiceforthemany] 06/10/2023 12:04

The Naira has strengthened vs GBP quite considerably in the past few days. This has been missed.

[essentialinvestor] 05/10/2023 12:02

Not a single BOD buy post results, even at current share price levels, eh.

[bedford1976] 04/10/2023 20:35

PZ is a great business with a bright future I'm a really big fan. If you look beyond the short term Nigerian challenge there is a strong business. Nice to see them entering so many new markets original source in Spain, and Child's farm in Austria, Germany and Switzerland. I'm more concerned a great business in my long term portfolio maybe a takeover target. I would prefer to hold PZ for decades so keeping my fingers crossed it's not snapped up on the cheap.

[essentialinvestor] 02/10/2023 16:37

justice, until there is further clarification on those Nigerian funds,
It's very difficult to make a buy case here - however it may well be worth watching
for developments.

[hericsaba] 02/10/2023 10:27

That is not true. Naira value dropped ~70% in mid June, when AAF share price was 133.7 and fall to around £1 in next couple days. Naira is more less the same value after that, and Airtel bounced backed last month to it's normal price level.

[philanderer] 02/10/2023 09:50

Deutsche Bank cuts PZ Cussons price target to 220 (227) pence - 'buy'

[justiceforthemany] 01/10/2023 08:19

Tipped by Midas.
Strange that Airtel Africa which also has a large Nigerian presence has barely moved since the devaluation of the Naira.

[philanderer] 01/10/2023 00:24

MIDAS SHARE TIPS: Imperial Leather maker PZ Cussons could clean up

[m_kerr] 29/9/2023 18:08

steady profit performance in the circumstances as i expected, but what's going on with that pile of cash stuck in Nigeria?

looks like they bought out the PZC nigeria minority stake as a way to put that trapped cash to some use.

nigeria is obviously a big problem at the moment, but they have a strong market position there, and it's forecast to be have a greater population than the entire EU by 2050. so lots of people to sell soap and shampoo to.

[essentialinvestor] 29/9/2023 16:51

The market may be attempting to factor in whether that money (a huge amount for a business of this size) is coming back from Nigeria?.

Over £50 million knocked off the market cap since results.

[philanderer] 29/9/2023 00:08

PZ Cussons at the mercy of the Nigerian economy


Macroeconomic developments in Nigeria will have a marked impact on FY2024 financial performance

At 16 times consensus earnings, the share price affords a more viable entry point than the bulk of its industry peers. However, the housekeeping challenges posed by the Nigerian transformation keep us on the sidelines.

Hold.

[essentialinvestor] 28/9/2023 18:52

I listened to the Q&A on the call - one analyst only asked questions.

A tad embarrassing.

[justiceforthemany] 28/9/2023 18:48

Why did the company say they 'welcomed' the Naira depreciation? Never made sense to me. Trading at 20 year lows now. Defensive stock my ass.

[philanderer] 26/9/2023 18:21

PZ Cussons experienced a drop of 4.38%, as challenges such as rising cost inflation and operational issues in Nigeria continued to bear down on the Imperial Leather manufacturer, even though it maintained its annual guidance despite a decline in full-year profits

Sharecast

[essentialinvestor] 26/9/2023 16:51

Dean, much appreciated.

[deanowls] 26/9/2023 16:34

EI these results take us to 31st May, niara was devalued by 36% mid June, maybe it was addressed in the call today but I won’t get time to watch until this weekend.

[essentialinvestor] 26/9/2023 15:30

Dean, worst case, however you may be on to something there.

[1tx] 26/9/2023 14:28

If the staff did get out of their bedrooms they would find that Imperial Leather Soap is often not on the supermarket/chemists shelves......

[meltwood] 26/9/2023 13:31

I would feel better if they would get their staff out of the their bedrooms and back to work. This company has been running itself since the beginning of Covid.

[deanowls] 26/9/2023 11:50

Wait for the cash write down and then look at it.

[marcela9] 26/9/2023 10:39

Does not look too shabby, imho