Secondary Recommendation

PZ Cussons - Imperial Leather owner set to increase profits to Â£100m in 2010

April 2009

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

While most firms are hunkering down to survive the recession one company that is unashamedly upbeat is PZ Cussons, the owner of several well-known personal care brands such as Imperial Leather and Cussons itself. This reflects the fact that it has established very strong market positions both in the UK and in Nigeria; the latterâ€™s economy has expanded quickly on the back of high oil revenues, fuelling a sustained boom in consumer household spending. This has led to a terrific sequence of growth in which operating profit has soared from Â£22m to Â£76.5m in the past nine years. The obvious question now is whether this can be sustained but what really impressed us when we recently met with chief executive, Alex Kanellis and finance direct ...

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Southern Cross - With debt concerns almost eliminated the shares look cheap on PE of 4.3

Albermarle & Bond - Pawnbroker benefiting from credit crunch

PZ Cussons - Lock in profits and sell (March 2011)

PZ Cussons - Major new joint venture (February 2011)

PZ Cussons - Major acquisition (November 2010)

PZ Cussons - Net cash soars to Â£86m (September 2010)

PZ Cussons - Gain to date: 148% (August 2010)

PZ Cussons - Possibility of a special dividend (June 2010)

PZ Cussons (March 2010)

PZ Cussons - 2009 NAP has nearly doubled (January 2010)

PZ Cussons - Net cash increases to Â£23m (November 2009)

PZ Cussons - Massive swing to net cash of Â£23.2m (September 2009)

PZ Cussons - Net debt almost eliminated (July 2009)

PZ Cussons (May 2009)

PZ Cussons - Owner of Imperial Leather eyes further growth (January 2009)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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