Get the whole outfit sold gets my vote
They have had long enough |
Can,t see any uplift here, looks like div on hold. ST Tropez same Turnover as when they bought no investment or promotion, Same as Original Source bought off entrepreneur & gone sideways, no investment promotions not like ULVR Dove advertising daily in your face. |
It looks like and reads like an AI generated article. |
Don't know who wrote that but surely it is complete bolox over the last three years the share price has halved! |
First half 2025 earnings released: EPS: UK£0.012 (vs UK£0.11 loss in 1H 2024)First half 2025 results:EPS: UK£0.012 (up from UK£0.11 loss in 1H 2024).Revenue: UK£249.3m (down 10.0% from 1H 2024).Net income: UK£5.00m (up UK£50.4m from 1H 2024).Profit margin: 2.0% (up from net loss in 1H 2024).Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Personal Products industry in the United Kingdom.Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. |
Well the old man may well be out of the loop then. He claims to have added to his holdings 'substantially'.
Treatt is another top 5 holding of his. |
Lord Lee was at PZ yonks ago well before Myers
Thanks for the info Mundungus |
As an ex board member did he help elect the CEO Myers perhaps? No director purchases so they've either got no shame or confidence or they are in a never ending closed period. |
John Lee mentions PZC as his stock of 2025. Suggests Saint Tropez sale announcement delay might be due to either lack or interest in the brand or perhaps has allowed potential buyers to realise how undervalued PZC is overall. Source: Lee and the IC on YouTube, published yesterday. |
I have thought the same St Tropez should be an easy sale with a qué of buyers in the US alone.
The other thing I thought is maybe they timing the disposals with a new acquisition to make up for the revenue decline once St Tropez is offloaded.
If they have identified something in the UK / Indonesia or Australia it must be quite a sizeable acquisition. |
This is getting interesting
Bought a small stake |
Lord Lee gives his latest update on PZC. He mostly agrees with the speculation on this BB. He is surprised no news yet on St Tropez and wonders if that is because the company is in play. Recorded for the IC yesterday. Starts at 31.47. |
Watching the recent price action of PZC it's hard to believe market manipulation is not taking place. |
Be lucky to hold onto any daily gain at this rate. London market is hopeless for investors! |
Didn't expect it to be dumping back towards 80p that quick though. It's why the UK owns nothing |
Reading further down it state the naira has strengthened approx 10% (my figure) through Dec and Jan.
Also felt it questioned the full year dividend as they want to control debt. |
Assuming the UK mkt does it's usual I'll probably add a few sub 80p. I only have a small holding and it's a small percentage of my ISA, but I'm prepared to add a few more after these interims |
Like others I am amazed the CEO has survived! Wonder what Lord Lee makes of it all... |
The most important point is that the GBP Naira FX is now flat year on year and this should feed through to the next results, barring any other major swings. |
I wonder if more is going on behind the scenes. Maybe they have already pinpointed a good acquisition in one of their markets and just waiting to conclude Nigeria & St Tropez.
It doesn't sound like a firm up for sale the presentation is very positive on our brands (my opinion). Shame no actual news on disposals. |
For myself and at the current price the only thing that makes sense is a full takeover |
 Yes great post wunderbar most of which i tend to agree with.
I made the suggestion not so long ago that with the extraordinary amount of time taking to announce any kind of sale (of which we are still waiting as of today) that there might be something else going on behind the scenes as in maybe they have some approaches to buy the whole company.
As you say would the Zochonis family be willing to part with the Nigerian side of the business and do they have an emotional attachment - a good question! If that is the case then, would they not be willing to sell the whole company, even at any price?...
I fancy RKT too as one possible bidder, they really could extract significant value from PZC's various brands i feel and these brands really do have value that we are not seeing currently!
Either way, whatever happens, i do feel that PZC days are now numbered as an independent PLC. It could well mean a hostile bid and things could get nasty perhaps but i think it will be an interesting few months ahead. AIMHO.. |
Nice post Wunderbar. Good to hear personal thoughts on this situation. |
Happy to continue to hold |
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