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A quick website trawl of stockists Superdrug etc suggests Carex supply is very much back on track, though some places are rationing.
except they have ramped up production of course. demand is running at 100 times normal. Carex is being sold as soon as it has any shelf or website.
It seems strange that PZC doesn't seem to have been able to predict the run on what must be market leader Carex as a hand sanitiser and ramp up production to satisfy demand. That the likes of LVMH and Gin distilleries are switching their production lines to producing hand sanitisers is an opportunity the Management at PZC should have been able to predict and match.
I'm in. Got my first purchase of PZC today at just under 162p. GLA.
hard to see how trusted soap brands will not be in enormous demand all year
i have just bought a few shares here. this share should not be in the red.
Yes, I don't get why the share price is not moving upwards either given the current panic buying of soap/sanitizers. I hope there's not a problem with the manufacturing of the product? Mind you, it could just be general market sentiment that's holding the shares back at the moment. Based on the Swine Flu in the past, PZ Cussons sales/profits turned out to be substantial during that year.
my tesco all sold out of handwash so really can't understand why this is not rising, profits must be going up??
A safer buy in the current crazy share panic trading world.
Carex and hand wash in general is flying off the shelves with people panic buying.
https://www.bucksfreepress.co.uk/news/18278050.hand-sanitiser-sales-triple-worried-shoppers-protect-coronavirus/
IMO this is a buy. Africa is PZC's largest market and with the threat of the Coronavirus, sales of their hand-wash should surge.
With health authorities saying that washing your hands is the best method to protect against this new virus, I feel PZ Cussons will benefit from a surge in sales. They manufacture Carex hand gel and hand sanitizers in general seem to be flying off of the shelves at the moment. During the Swine Flu outbreak 10 years ago, the company's sales rocketed mainly from Carex hand gel sales. Strong Buy in my view.
Yet nearly 6% down......Why
Giving a prediction with no timeline is totally worthless.
Anyway I see it has not dipped to the level you said (in March!!!) which is not to say it can’t do so in future however anyone who invested at that point would still have made some income from dividends.
Anyway I’m not in the business of making predictions. Good luck all. The company seems to have seen the worst of it IMHO.
will drop below £1.75 sooner or later
A bid is highly unlikely as one holder, the founders I think, hold a huge pile of this company. A sort of doublé edged sword really as it prevents a bid but also prevents a bid at ludicrously low prices. Depends where you jumped on board as to how you look at it.
I would say another retrace ... but hey come on this is a classic household goods company and everyone needs them so maybe a bid may materialise?
Who knows..only my opinion
GLA
Any view on what tomorrow will bring ?
IMO
Even at c.190p the price looks toppy, without any clear plan to restore margins.
Stockpory..I agree
today but the sp is higher than yesterday morning! Impressive.
Shows confidence anyway
Up from here ...has it bottomed out again?
No. The debt is very low compared to the sector and comfortably manageable. The fall is due to the drop in profits, particularly in Nigeria that is a large market for the company. It seems that a turnaround to growth in Nigeria is not expected in the short term and so the shares have been marked down. The only positive is that the dividend is being maintained and it is still covered by profits.