Pz Cussons Share Price (PZC)

Diageo selling out to a Singapore based company

Couldn't buy at 80 due to lack of visibility, HY24 Net debt 97m but expecting 35/40m loss on the 77.4m Naira cash resulting in Net debt of 132/137m. Some clarity given in Q3, issues appear somewhat resolved, i think Cussons brands and their prevalence are very strong and expect a Unilever / similar deal offering.

Exiting Africa a good shout and needs to happen pronto, this would be much more investable then. Won't be a silver bullet though, because the value achievable from the African business will be depressed in GBP terms to correspond with its earnings. Won't help that Naira giving up its recent gains, down another 25% vs GBP in last 5 days alone.

St Tropez will be a much easier sale, easy to imagine it finding a willing buyer from likes of Procter & Gamble, Haleon or Unilever.

I agree. Nigeria should have been exited many years ago. I think I commented that 3/4 years ago. It has been like a millstone etc.

This app is becoming increasingly difficult to use as they pile more and more adverts etc. on.

Pleased to see the RNS this morning. There is too much complexity and too many unknowns for PZC ever to be valued correctly in its present form. Lets hope that a simplification of the corporate structure, improved repatriation of funds from Nigeria and the selling of a few properties around the world will unlock some shareholder value.

As for selling St Tropez, I'm not so sure. Selling one of your fastest growing brands is a risky strategy. Let's hope the price is right!