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Hi sheffieldowls, I just saw your previous comments that you have bought them long time ago and really cheap, well done for holding! As for a possible offer, I would also prefer a share offer rather than cash, although that is just speculation. I cannot see anything coming until after the summer though. It is true that PZ Cussons has underperformed in recent years however over the long term this company has been an excellent investment with year on year increases in its dividend.
I have mixed feelings about any takeover approach because with a holding of 250000 shares I would have a significant tax bill if a cash offer was ever made for this company. Save us from the misery of holding it! I hope someone out there listens and takes it over. I also think a takeover is a real possibility. I think you have an interesting point! This share is over sold now!
Given all the headwinds in Nigeria the results looked good. Apparently the self tanning shower gel ala Kate Moss is flying off the shelves. With luck we have seen the last of the downgrades. If the Nigerian currency stabilises this stock could motor. And 42 years of dividend increase- must be some sort of record. PZ Cussons upgraded after milk deal: PZ Cussons, the Owner of PG Tips and Domestos bleach, has signed a deal to take full control of a milk joint venture in Nigeria. Nutricima, which makes evaporated milk and milk powder for the Nigerian market.
Avoid PZ Cussons as Africa hits profits: PZ Cussons, the FTSE 250-listed consumer goods giant, has grown rapidly thanks to its exposure to emerging markets. However, falling profits in Nigeria dragged the group down in the first half of its financial year, and broker downgrades sent the shares 1. Cussons’ sales in Nigeria suffered as Islamist extremists continued to cause widespread disruption in the north of the country. Have you read yesterdays RNS from the company as it is far from positive and was probably expected by the market hence the drift down in the share price in recent months. The events in Nigeria must give cause for concern and as you will know this is a major market for this well run company. Ebola outbreak , but this outfit is a world wide exporter of its products . Interim Results coming out tomorrow, they should be strong and give a boost to the SP, looking good as a mid to long term investment.
We should see strong results for 2014. I intend to charter an aircraft for a round trip from Jersey to Manchester back to Jersey on the 25th of September in order to attend Pz Cussons agm. Anybody interesested in spliting costs, please make contact with me on 01534 862757. Consumer products giant PZ Cussons is selling its Polish Home Care brands to Henkel for 46. The Polish Home Care brands include laundry detergents, fabric conditioners and washing up liquids. The brands generated revenue of 51.