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I agree with your sentiment. I bought in 2018 at 245p and it has been a steady decline since. I added this as one of my "bedrock" shares... solid, reliable, unexciting even but with some interesting exposure to overseas and developing markets. I should have sold and invested in something else, but now I've been holding so long I'm just trying to forget about it and wake up to a pleasant surprise one day!
PZC has got to be the most frustrating share in my portfolio despite a strong rally in almost the whole market recently, and the fact that they are in a currently booming market (hand wash) PZC price continues to fart about between 170 and 180... Maybe consistent problems with their African business is holding the price back?
Well said #Uncle_Doug it seems strange to me that #PZC doesn't seem to have taken advantage of its position of consumer best known and trusted brand and ramped up production and supply accordingly. Someone somewhere in the Board needs to answer for this.
Looks like washing hands is going to be the order of the day for at least 18 months - when a vaccine might be available generally, if we're lucky. Carex handwash still selling out here as soon as it goes on the shelves. No brainer investment for next few years. Strong company with respected brands and global reach at a knock down price.
If a company can not make a good thing with its products in a boom time then the management should be held totally responsible. A takeover of Cussons would be beneficial as it has not produce good results for some period of time.
P.s what this needs is a takeover from a big player so they can really ramp up the big seller cussons items like carex and imperial leather and hand sanitizer products. Maybe a proctor or reckitt benkiser would love cussons as a bolt on to there products and might come sniffing after this Corona passes. a 1.5 billion takeout bid would be pocket money to them
Bit of a mixed bag, remember results were up to 29th Feb so Corona only really took off march. Lessons that need to be learned are always make sure you have enough I'm for any possible emergency because by the sound of it they are not fully geared up with raw material for the demand.Debt coming down which is always a positive and considering massive disruption of Corona profit guidance is roughly in line. The management are steady as you go boring but not exciting and risky which has got to be a good thing in the context of keeping debt low and having cash in bank.Divi will hopefully keep coming so prepared to keep collecting while waiting but short term I reckon share price will be very volatile and rekon the market might mark these down today. Long-term hold for me as the Divi is good
Only 1 problem that will probably flag up tomorrow is trading in Nigeria, that's always been a big headache for pzc and comes up in every results but hopefully enough good news on sales elsewhere will off set this. Just hope pzc was geared up enough for the explosion in need that Corona has bought to the hand soap and sanitizer demand. Even if results are not brilliant I will carry on holding as I would not want my money in a lot of the other risky sectors at the moment. Will surely be big demand for soap and sanitizer as a way forward dealing with Corona. Also a lot of work places and schools etc will need new hand washing and hand sanitizer guide lines after the worse of this has gone through
I guess the market is ignoring any short terms gains and focusing on long term opportunities. I think this is a good long term bet . Surely washing your hands more often advice is here to stay
Rainbow nothing makes sense anywhere in the world of shares, work this out 5months ago before covid you could have bought Gregg's shares for 18 pound, they were making record profit at the time. Today after all shops closed and no money being taken you still have to pay over 18 quid a share. Same with Ryanair. If there are any market makers out there please explain how you work that out????
I am equally as confused as you are. Hopefully the trading update on the 16th will put this right.
Please someone tell me why this stock is not responding to the best market conditions it will ever have. Now wash your hands.
Interesting. PZ are disposing of their non hygiene and personal care brands - Nigerian diary business being sold off and polish beauty products brands.
is flying this morning - they own Dettol. I reckon RB could make a offer here in time
Hopefully they ramp supply up further
put it this way: they can sell every bottle of Carex they make probably 10 times over.
Do you think that’s a good sign? Ie. It’s selling. Or bad news? Ie. Supply issues.
yeah theres none at Sainsbury around here
Nice rally this morning - the halo effect of hygiene being top of mind for the next year or so has to benefit the company? Toilet rolls etc are not necessarily used more if people has more of them. However, hand wash will be getting used more and will be used more if people have more of it in the house and workplace. On to a winner here I think..
Benz86....thanks for sharing.
Email is got from investor relations yesterday:
Your query has been passed to me. I am Company Secretary for the PZ Cussons Group.
Our manufacturing facilities are operating at full capacity to respond to the exceptional demand for our Carex Hand Gel and Hand Wash products and we continue to explore different and innovative ways of further increasing production. You may be assured that, together with our retail partners, we are doing everything we can to ensure our products get to consumers as quickly as possible.
Kind regards
Sam Plant
Corporate Services Director
PZ Cussons (International) Limited
Manchester Business Park
3500 Aviator Way
Manchester
M22 5TG
DDI: + 44 (0) 161 435 1020
Mobile: +44 (0) 7500 796899
E-mail: sam.plant@pzcussons.com
Website: www.pzcussons.com
No worries....soon the worlds going to be awash with Sanitiser. Jim Radcliffe of Ineos Petrochemical giant, is just about to start pumping out 1 million bottles a month, adding to the many new facilities already now producing. Not sure of PZC’s current output but hopefully mgmt have the whips out...so to speak !
only place i could see a very few carex left today was superdrug, savers was completly stripped of any cussons or carex products as were other shops. considering we are trading in about the only thing people want in mass demand apart from food can anyone else work out why this share price is not above 2 quid??? once this corona hopefully fades hand washing will be a massive subject going forward and will surely help here with what we sell
Must have missed that, can you please point to where PZC have updated the Market on Sales volumes. Not that I don’t expect a major uplift but it would be nice to see some figures from the horses mouth, so to speak, and not some guessing journo. Thanks.
With Supermarkets reporting 100% uplift in sales and PZ reporting record sales velocity, it’s no wonder really when you look at the high in demand products they have...
Imperial Leather Soaps
Carex Soaps
Rafferty’s Garden Baby Food Products
Morning Fresh
Original Source
St Tropez
Sanctuary Spa
Haier fridge freezers/freezers.
Will be topping up again next week as the panic buying continues!