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PZC Pz Cussons Plc

0.40 (0.28%)
Last Updated: 13:46:13
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pz Cussons Plc LSE:PZC London Ordinary Share GB00B19Z1432 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.40 0.28% 145.00 116,829 13:46:13
Bid Price Offer Price High Price Low Price Open Price
145.20 145.60 146.80 144.20 144.20
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Soap And Other Detergents 656.3M 36.4M 0.0849 17.08 621.65M
Last Trade Time Trade Type Trade Size Trade Price Currency
13:43:04 O 1 145.5982 GBX

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Date Time Title Posts
04/12/202315:51PZ Cussons1,713
22/1/202219:29Results 2022 HY1-
24/7/201804:04PZ Cussons (PZC) One to Watch on Tuesday -

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Posted at 07/12/2023 08:20 by Pz Cussons Daily Update
Pz Cussons Plc is listed in the Soap And Other Detergents sector of the London Stock Exchange with ticker PZC. The last closing price for Pz Cussons was 144.60p.
Pz Cussons currently has 428,724,960 shares in issue. The market capitalisation of Pz Cussons is £621,651,192.
Pz Cussons has a price to earnings ratio (PE ratio) of 17.08.
This morning PZC shares opened at 144.20p
Posted at 03/12/2023 21:37 by darrin1471
I thought it interesting that a shareholder thought their shares were worth N100 vs the offer on the table of N23.

Looking at the forecasts for 2024 I see net debt is forecast to be about £60m at year end. Normally debt has been paid down at £20m pa, so the Nigerian devaluation looks like costing around £85m in cash terms. Has this been kitchen sinked or will that happen at H1 FY24 reported interim results on Wednesday 7 February 2024.

I hold no long or short position in PZC
Posted at 03/12/2023 11:30 by darrin1471
A disgruntled PZ Cussons Nigeria Plc shareholder from 06/09/2023 before the offer was raised from N21 to N23:

Reacting to the development, The President of the New Dimension Shareholders Association, Mr. Patrick Ajudua in an exclusive chat with Nairametrics noted that shareholders reject outrightly the proposed intention of PZ Cusson UK to buy out minority shareholders in Nigeria for a peanut of N21.
What he said
“It’s unfair, unjust, and means to shortchange minority shareholders. This is a company that has over the last 3 years been involved in asset stripping, they sold part of the factory land at Ikorodu to Friesland Campina for consideration of N2.12 billion and from there paid a dividend. 
The following year the company disposed of non-core assets with a consideration of N9.84 billion and from there also paid dividends. 
Therefore, the company has been involved in serial disposal of its assets, using part to pay shareholders as dividend rather than pay from operational profit, thereby planning their exit in phases,” he said.
Ajudua also noted that the deplorable state of corporate governance which resulted in the exit of three board members including the chairman and company secretary raises a great concern for shareholders.
“We call on the regulator to conduct an independent & forensic investigation into the affairs of PZ, its audited annual report & tax remittances to the appropriate govt agency.
As shareholders of PZ Cuson, we reject the proposed buyout of minority shareholders for N21.
Any amount below N100 per share is completely unacceptable to the Nigeria shareholders and will be resisted appropriately,” he said.
Posted at 03/12/2023 11:23 by darrin1471
Farrugia. From 23rd Nov statement:

Based on prevailing rates, the current Naira cash balance is equivalent to c. GBP80-100 million [3] . Assuming current market conditions persist, the Group aims to repatriate a further GBP30-50 million of cash by the end of FY24.

-- The proposed transaction to de-list and buy out the minority shareholdings of PZ Cussons Nigeria plc is progressing as planned. The Group welcomes the recent recommendation of the Board of PZ Cussons Nigeria to minority shareholders to accept a revised offer of 23 per share [4] and expects the transaction to complete before 31 May 2024. The purchase of the minority shareholdings will be funded from our local Naira cash balance.

[3] GBP80-100 million based upon NGN/USD rates of 1,000 and 1,200 which is the range within which US Dollars have been sourced during October and November and compares to a current official rate of approximately 800

[4] Equivalent to GBP25 million based on USD/GBP rate of 1.24 and an assumed NGN/USD rate of 800 which is the approximate current official rate

Posted at 13/11/2023 14:03 by philanderer
The board of directors of PZ Cussons Nigeria Plc has increased the offer price for the planned buyback of the company’s shares from minority shareholders from N21 to N23 per unit.

The new offer was indicated in the latest update on the matter filed with the Nigerian Exchange Limited on Thursday.
Posted at 27/10/2023 10:12 by giltedge1
Board should put company up for sale, in shareholders interests. P&G, ULVR have own distribution/manufacturing hubs so can save on costs, PZC petty cash for them. should get over £2. May offer a share alternative for the trusts.
Posted at 10/10/2023 11:36 by bedford1976
Share price is ticking up today nicely
Posted at 05/10/2023 11:02 by essentialinvestor
Not a single BOD buy post results, even at current share price levels, eh.
Posted at 02/10/2023 09:27 by hericsaba
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.
Posted at 28/9/2023 23:08 by philanderer
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.

Posted at 25/2/2023 13:23 by toffeeman
It won't make the slightest difference to the PZC share price.
Pz Cussons share price data is direct from the London Stock Exchange

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