Updates

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.

Half -year results, which were well-trailed by its pre-close update, showed pretax profit rising 3% to Â£46.2m, while turnover was held at Â£375m. Net cash was Â£12.5m down from Â£25.5m but that implies strong cash generation considering last September's acquisition of the St Tropez self-tanning brand for Â£62.5m.For the first time in a while Cussons has had to contend with a number of headwinds and in Africa profits fell Â£0.1m to Â£13.7m reflecting reduced consumer spending.In its other large market, Europe, profits fell from Â£25m to Â£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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Synergy Health - Gain to date: 289%

ITE - Q1 sales up 36%

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)

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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