Pz Cussons Share Discussion Threads

[justiceforthemany] 07/2/2024 17:06

Perhaps most baffling is why the board and that over at AAF have both said 'we welcome the currency devaluation'? I said at the time WTF? Naira is down 200% in a year! Insane.

[philanderer] 07/2/2024 14:29

I want to see some large director buys very soon.


(Mail market report)

Analysts at Numis said: 'We continue to believe in the potential of PZ Cussons management to deliver a material transformation in the quality of earnings for the group but acknowledge recent Nigerian events have delayed progress towards this goal.'

[bedford1976] 07/2/2024 14:15

It would be interesting to know what the Zochinis family trust think now, will they sit this out or put the firm up for sale - who knows. The value is in the brands but could take a while to recover in the medium/long term the company should do well.

[cfro] 07/2/2024 14:00

Have you made up your mind whether you are short or long here yet Lol..

[scepticalinvestor] 07/2/2024 13:32

Yes they can - in that neck of the woods all it takes is a few brown envelopes to the right ppl LOL

[cfro] 07/2/2024 13:20

Yes deanowls, i don't think they could actually take the cash out the country anyway even if they had wanted too. Not in large amounts anyhow.

[justiceforthemany] 07/2/2024 12:53

Historic, famous brand trading at multi decade lows.
Could be taken back private.

[justiceforthemany] 07/2/2024 12:52

Flog the Nigerian business and the rest is doing fine. It will recover.

[deanowls] 07/2/2024 12:39

Believe that there were currency embargoes. Emirates airline also had issues the last few years and stopped flying there as they couldn’t repatriate cash.

[justiceforthemany] 07/2/2024 12:33

Founders hold a large amount of stock.

[gateside] 07/2/2024 12:32

20 year low!

[scepticalinvestor] 07/2/2024 12:27

Will be interesting to see what the yanks make of this. There is value in the brand but not the mngt. This will prob drift down further for months now if it is not taken out on the cheap

[scepticalinvestor] 07/2/2024 12:26

EI completely agree. Incredible incompetence

[cfro] 07/2/2024 11:44

Question is i suppose was the decision to keep so much cash in Nigeria the Families or the CEO's?

If the former then it's what they wanted, if the latter then perhaps it's time he fell on his sword?

[essentialinvestor] 07/2/2024 11:37

The question I asked previously ..how on earth did they keep so much cash (in local currency) in their Nigerian business given FX risk?.

Extraordinary value distruction.

[philanderer] 07/2/2024 09:54

Looks like plenty knew this was coming lookng at the chart from 140p down.

[gateside] 07/2/2024 09:28

Bad results caused by poor management.But be wary of day traders and derampers spouting utter rubbish today!

[cfro] 07/2/2024 09:25

You said you were buying just half hour ago, you changed your mind already? Lol..

Some would say you really haven't a clue..

[scepticalinvestor] 07/2/2024 09:08

I think we will see the 80s this week.Huge profit warning, incompetent BoD (not exchanging most of their Nairu into USD) etc. endless list.Fair price is around 50-60p imo

[scepticalinvestor] 07/2/2024 09:04

Lol good one

[34adsaddsa] 07/2/2024 09:01

Headline coming soon: "PZ Cussons shareholders in a lather over Naira woes"

[scepticalinvestor] 07/2/2024 08:12

Might buy a few below a quid

[giltedge1] 07/2/2024 07:57

P&L down to £30m of which £13m Africa so really £17m of available profit, not good. Again in denial using average rstes for Naira. Already lost another £30m on cash balance, Other regions only steady no growth. Doe not look good for market opening down to £1.05 maybe.