PZ Cussons (#PZC) – FY adj. EPS -3% to 7.1p, DPS +3% to 3.7p, notes current “signs of progress”

PZ Cussons (#PZC) – now expects FY adj. Op profit “at, or slightly above, the upper end of the previously guided range of £53-57 million”

PZ Cussons (#PZC) – Q3 Trading Update, “now expects to report adjusted operating profit towards the upper end of the previously updated £53-57 million guidance range”

PZ Cussons (#PZC) – H1 adj. EPS +12% to 4.37p, DPS maintained at 1.5p, slightly increases FY adj. Op profit guidance range

PZ Cussons – a “delighted” to announce ‘Directorate change’?

PZ Cussons (PZC) has announced that Jan Bramall is to join the company and its board as CFO and that it is “delighted that Jan is joining PZ Cussons. She is a seasoned CFO with a strong track record of achievement across a variety of industries… She is currently Interim Chief Financial Officer at Severfield plc. Before that she was Chief Financial Officer of Manchester Airports Group for more than five years, playing a key role in delivering major transformation projects. Prior to MAG, Jan held senior finance roles at Tyco and Johnson Controls”. What about this “Directorate change” and a current 74.5p share price for this ‘consumer goods’ company?

PZ Cussons – after emphasising “a more focused portfolio” as it conducted Africa business ‘strategic review’, now emphasises for that business “ambitious growth plans”!?

PZ Cussons (PZC) has issued a “Conclusion of Strategic Review of Africa”-titled announcement headlined “Retaining Africa business with ambitious growth plans”. However, as recently as 20th November this ‘consumer goods’ company was stating it “expects to announce the outcome of the strategic review of its Africa business by the time it reports FY26 interim results on Wednesday 11 February”, so what of that outcome announcement already now?

PZ Cussons (#PZC) – stating “offers received did not reflect the inherent value of the business”, now argues “retaining Africa business with ambitious growth plans”

PZ Cussons (#PZC) – “AGM Trading Statement” increasing FY profit guidance

PZ Cussons (#PZC) – FY adj. EPS -8% to 7.34p, DPS maintained at 3.6p, emphasises its “plan to simplify and transform our business”

PZ Cussons (#PZC) – “after careful evaluation of the offers received… to retain St. Tropez and set a new strategic direction for the brand”

PZ Cussons (#PZC) – narrowing to bottom half of FY adj. Op profit guidance range and agreement to sell its 50% interest in Nigerian edible oils business for a net approx. $64m

PZ Cussons (#PZC) – H1 adj. EPS -10% to 3.89p, DPS maintained at 1.5p, “on track” for FY expectations

PZ Cussons (#PZC) – trading “in line with expectations”, progressing with sale of St. Tropez brand and discussions on African business

PZ Cussons (#PZC) – FY adj. EPS down to 8.02p, DPS to 3.60p, notes impact of Nigerian Naira on reported results

PZ Cussons (#PZC) – Q4 “in line with management expectations”, prioritising cash repatriation means its “surplus cash in Nigeria is minimal”

PZ Cussons (#PZC) – Q3 LFL revenue +6.4%, but at reported FX -23.7% “primarily as a result of the devaluation of the Nigerian Naira”

PZ Cussons – why no update on trading since November?, as interims and outlook severely currency-impacted

The CEO of consumer goods company PZ Cussons (PZC), Jonathan Myers, commences the company’s half-year ended 2nd December 2023 results announcement with that “PZ Cussons is a stronger business than when we launched our new strategy, as demonstrated by our ninth consecutive quarter of like for like revenue growth and, on a constant currency basis, double-digit operating profit growth in the first half of the financial year”. So what of a current below 110p share price in response, more than 15% down?

PZ Cussons (#PZC) – H1 adj. EPS -16% to 4.3p, DPS down to 1.5p, notes Nigeria currency devaluation impact

PZ Cussons shares remain a buy for me (even if Imperial Leather products are not on my Christmas list)

I think I have attended one or two AGMs in my life…and that was frankly one or two too many. I know some people regard them as an essential part of the investment analytical process but, if I want to ask a tough question, I can do that on a conference call (preferably online). Unsurprisingly, I will not be attending today’s PZ Cussons (PZC) AGM despite owning a few shares over the last couple of quarters, but I am all over today’s trading update like a rash…

PZ Cussons (#PZC) – trading “in line with expectations”, expects revenue growth and operating margin to improve in H2