Secondary Recommendation

PZ Cussons - Owner of Imperial Leather eyes further growth

January 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.

Shares in PZ Cussons, the owner of several well-known personal care brands such as Cussons, Imperial Leather and Carex, have sprung to life with a rise of 38% from their low of 100p although in truth they had fallen to levels that ignored their terrific trading record. In the past nine years operating profit has soared from Â£22m to Â£76.5m and given its strong balance sheet and robust investment program, analysts are now confidently expecting profits to smash the Â£100m mark by 2011. Manchester-based Cussons was founded as a trading post in Sierra Leone in 1879 and it's this connection that explains why Africa is its largest trading block, accounting for 47% of sales in the year to 31 May 2008. These days, Nigeria generates the v ...

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Dunelm Group - Ungeared homewares retailer well placed for further expansion

Penna Consulting - Demand for outplacement exploding

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 - Imperial Leather owner set to increase profits to Â£100m in 2010 (April 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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