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PZ Cussons - Lock in profits and sell

March 2011

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:
  • 355p
Half -year results, which were well-trailed  by its pre-close update, showed pretax profit rising 3% to £46.2m, while turnover was held at £375m. Net cash was £12.5m down from £25.5m but that implies strong cash generation considering last September's acquisition of the St Tropez self-tanning brand for £62.5m.For the first time in a while Cussons has had to contend with a number of headwinds and in Africa profits fell £0.1m to £13.7m reflecting reduced consumer spending.In its other large market, Europe, profits fell from £25m to £23.7m reflecting high levels of promotional activity, particularly on shower gel and hand wash products in response to a much more competitive environment. The only area of gr ...

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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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