Look at those results today.Superbly run business, funding good growth from own cash generation. Regular increases in dividend. Have held for many years within PEP - not one to double overnight, but IMO one for serious investors to lock away for the long term. 10 for 1 share split may help marketability going forward.Always DYOR etc.

Interim Management Statement

Trading Update

Investec Hold 356.50 376.00 378.00 Retains

Numis Hold 356.50 364.00 352.00 Reiterates

Canaccord Genuity Buy 356.50 440.00 440.00 Reiterates

Final Results

Highlights

Group
· Revenue growth in constant currency of 2% on prior year; in addition JV revenue increasing by £172m
· Operating profit growth of 7% despite the impact of weakening currencies
· Excluding the impact of exchange rates, operating profit would have been 18% higher than prior year
· Rafferty's Garden acquisition completed early in the year for £42.2m in cash
· Disposal of Polish Home Care brands completed in February for £46.6m in cash
· Strong balance sheet with only a small net debt position at the end of the year
· Total dividend increased 5% year on year being the 41st year of consecutive year on year increases

Africa
· Operating profit growth in Nigeria despite increased levels of disruption in the north of the country
· Revenue of African Food and Nutrition joint ventures reaches £260m
· PZ Wilmar joint venture performing well with refinery operating close to capacity
· Good revenue and profitability growth achieved in the Nutricima joint venture with Glanbia

Asia
· Revenue and profit growth achieved despite the significant impact of weakening currencies
· Underlying performance in key markets of Australia and Indonesia strong
· Rafferty's Garden acquisition marked the Group's entry into Food and Nutrition in Asia

Europe
· Strong performance in UK Washing and Bathing division with all four brands performing well
· Major relaunch of Imperial Leather range post year end
· St Tropez demand continues to be boosted by Kate Moss as brand ambassador
· Good performance in smaller markets of Poland and Greece

StockMarketWire.com
PZ Cussons said whilst trading conditions in most markets remain challenging, the group remains focussed on a dynamic and fast brand renovation and innovation programme, an ongoing cost reduction programme and successful delivery of new areas of growth such as Rafferty's Garden, Five:AM and the PZ Wilmar joint venture.

"These initiatives will help to offset the continuing macro challenges, including foreign exchange and raw material volatility, and the reduction in profits from Poland as a result of last year's Home Care brands sale," the company said in an IMS for the period June 1 to Sept. 22.

"The board is pleased to announce that the performance of the Group during the period has been in line with management expectations. The financial position of the Group remains strong with cash generation during the period also in line with management expectations."

EUROPE
In the UK, performance in the washing and bathing division has been strong despite challenging trading conditions, driven by an exciting innovation pipeline including the relaunch of the entire Imperial Leather range during the period.

The beauty division has performed well across its key markets of UK, US and Australia, with St Tropez's performance continuing to be boosted by Kate Moss as brand ambassador.

Performance in the smaller markets of Poland and Greece has been in line with expectations.

ASIA
In Indonesia, good progress has been made in expanding the babycare portfolio as well as building non-babycare brands such as Original Source.

Performance in Australia has been good across the categories of Home Care, Personal Care, Beauty and Food & Nutrition. The acquisition of Australian food brand 5:AM, which completed in early August for £44.1m in cash, has shown pleasing performance to date with growth in line with expectations. The international expansion of Rafferty's Garden, acquired last year, will commence shortly with the launch of the range into the New Zealand market.

Trading in Thailand and the Middle East has also been in line with expectations.

AFRICA
In Nigeria, disruption in the north of the country has continued to worsen, resulting in a decline in sales in that region. Good growth has continued in the south of the country, in particular in the electrical goods business and in the two food and nutrition joint ventures. Whilst the impact of the West African Ebola outbreak has been relatively small in Nigeria, the situation is being carefully monitored.

In Ghana, performance has been affected by the continued weakening in the Cedi, whilst in Kenya performance has been in line with expectations.

Sunday Times

Inside the City looks at PZ Cussons and suggests that it may be putting out some fairly ugly trading figures on Wednesday.

Cussons has a trading update, which is expected to lay bare two big problems, namely the Nigerian currency and British supermarket price wars.

The naira, Nigeria’s currency, has plummeted over the past month as the price of crude oil dropped. Nigeria accounts for 42 per cent of group turnover and is Cussons’s biggest market.

Meanwhile Cussons is getting squeezed in Britain’s supermarket price war.

Analysts don’t expect the company to be in profit-warning territory, but there is no way of knowing how long these two pressures will last.

Inside the City concludes investors would be wise to hold off buying.

Doesn't look great. Can't resist a punt though. May well not even get there, left a Limit Buy on spreads (Mar Contract) @ 312.0 if triggered target 340.0 tight stop 299.0
Interim 27th January.

Tempted to jump in long today but didn't, will wait for 312p to be filled (if it ever does get filled) at least back above 300p today.

Getting closer but no cigar. Time yet, Interim results Tuesday 27th Jan.

16 Jan Panmure Gordon 310.00 Hold

Aye DC, no sense of humour yon brokers :0)

You need more than a sense of humour to buy this. :-))

Perhaps a few stiff drinks. lol

Working on it DC :0)

Working on it ? lol

He who dares Rodney, He who dares! Not buying it, wee punt. If it breaks resistance @ 310p who knows. Look what happened to TSCO :0)

Tesco was fully expected. :-)) Seriously I hope it does well for you. Only needs its fortunes turning round.