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.

Stop to entry for risk free trade.

back page ST biz section concludes SELL
worth reading the whole article

Good morning cynic. Yes this in no secret. Indeed the Telegraph (Questor) highlighted PZC in Jan 2013 as a sell and subsequently stock has been in a downtrend since and again todays Sunday Telegraph recommends sell.

However I use a trading strategy leading up to results based on the chart irrespective of fundamentals similar to your trading of Dow and Ftse. I believe they call it gambling :0)

On 3rd Jan, when I first looked at the chart I read it as oversold @ 290p and at levels of support in 2012. I purposefully waited as documented until resistance was broken @ 310p and order was filled at my entry 312p. I am just hitching a ride.

Closed on Friday @ 320.70 and I subsequently placed my stop to entry. Therefore a trade to nowt. If it rises tomorrow I may take profits before results Tuesday or wait till tuesday to revise strategy.

Trading to me is a hobby, I enjoy it. I don't trade Dow or Ftse because I don't want to spend all day looking at a screen. Horses for courses old bean. What! :0)

What ho! I say (old chap): Jolly good show, Rather! By jove!, toodle-pip. :-))

I say is that dreamcatcher of The Remove? Tally Ho old chap! :o)

Lol, just a upmarket reply to your 'Horses for courses old bean. What! :0)

Well done on this one. :-))

Good show old chap! :0)

Cheers old boy, off for tiffin now and a very large supernaculum afterwards.

:0)

PZC's profit

StockMarketWire.com

PZ Cussons has booked an H1 pretax profit of £39.7m, down 7.9% to £43.1m. Revenue was £386.7m, down 10.4% from £431.8m. It proposed an interim dividend of 2.61p a share, up 3.2% from 2.53p.

Chairman Richard Harvey said:

"These are good results in what have been difficult markets. The Group has delivered underlying revenue and profit growth in the period having adjusted for acquisitions and disposals and the negative exchange impact from translation.

"This is despite continued challenging trading conditions, particularly in its largest market Nigeria, where a devaluation of the Naira just before the period end also impacted results.

"The robust underlying performance in the UK, Australia, Indonesia and in particular in the Electrical and Food divisions in Nigeria, demonstrates that the strategy of ongoing product innovation with a focus on local consumer needs continues to be successful.

"The acquisition of the Australian food brand five:am further enhances the Group's Food and Nutrition portfolio and, together with the Rafferty's Garden brand acquired last year, creates a broader portfolio for roll-out across Asia.

"It has been very pleasing to see the African Food and Nutrition joint ventures revenue grow from £97m to £161m with the PZ Wilmar brands Mamador and Devon King's performing particularly well.

"Underlying performance since the period end has been in line with expectations although the Naira has continued to weaken. The macro environment in Nigeria for the remainder of the financial year, which includes the February presidential elections and potential further currency volatility, will be a key contributing factor to the overall result for the full year.

"Looking through the short-term challenges we remain confident about the medium and long term opportunities in Africa. We have built a profitable and growing Electricals division, are seeing excellent growth in Food and Nutrition, and have a leading position in Personal Care and Home Care, all of which are poised to benefitonce stability is re-established and the economy grows.

"Our balance sheet is strong and we have the appetite to pursue further investment opportunities which fit our strategic aims."



Story provided by StockMarketWire.com




Results not great, but better than forecast.


Stopped out yesterday, will see at close today whether or not i was too quick to put such a tight stop loss to my entry.

LATEST BROKER VIEWS

Date Broker New target Recomm.
27 Jan Canaccord... 403.00 Buy
27 Jan Investec 357.00 Hold
27 Jan Panmure Gordon 310.00 Hold
16 Jan Panmure Gordon 310.00 Hold
14 Jan Investec 350.00 Hold
17 Dec Panmure Gordon 310.00 Hold
11 Dec JP Morgan... 350.00 Neutral
10 Dec Numis 317.00 Hold
10 Dec Panmure Gordon N/A Buy
3 Dec Goldman Sachs 415.00 Buy
Broker Recommendations for PZ Cussons


Couple of upgrades, could this perhaps be the start of a recovery play?


dc so much for Questor and the Sunday Times eh :0)

Limit Buy triggered today @ 314.3 initial target 340p stop 298p

Clinging on, but at least hasn't tanked yet. Maybe market feels this is fair value at this level?

Well done.lol

not a great place to be putting new money that's for sure

He who dares! (Usually gets shxt on) :0)

Stopped out for nowt :0)

Remarkable how sp has clung on, perhaps ex-divi on Thursday has something to do with it. Still think a recovery play isn't far away, will wait and see what sort of reaction if any after Thursday. Watching, far from the madding crowd :0)

Err I must be going insane. This isn't supposed to happen SP is rising :0)

NOTE TO SELF IGNORE QUESTER, PAPERS AND ESPECIALLY BROKERS AND DOOM MERCHANTS LOL!!!