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

By Steve Moore | Wednesday 7 February 2024

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

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?
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