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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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PZ Cussons - 2009 NAP has nearly doubled

January 2010

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.

  • Epic Code:
  • PZC
  • Price:
  • 256p
Shares in PZ Cussons, a New Year NAP for 2009, almost doubled from our 138p recommendation price. The latest reason to attract buyers was an upbeat trading update, which noted that first half profits will be ahead of the same period last year.Overall, performance in Europe has been strong, with good trading in the UK and strong export sales from Poland. Asia is also ahead, thanks to strong performances from Australia, Indonesia and the Middle East, while in spite of adverse currency movements (a weaker Naira against US$) and a tightening of its banking system, Nigeria also enjoyed higher profits.Following the sharp re-rating the shares now trade on a prospective PE of 18.6 (eps: 13.8p), falling to 16.7 (15.3p) in 2010. ...

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PZ Cussons - Lock in profits and sell (March 2011)
PZ Cussons - Major new joint venture (February 2011)
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PZ Cussons - Net cash soars to £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 - Net cash increases to £23m (November 2009)
PZ Cussons - Massive swing to net cash of £23.2m (September 2009)
PZ Cussons - Net debt almost eliminated (July 2009)
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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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