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.

Had a wee punt here hoping history may repeat in on the spreads long @ 307p initial target 340p stop 298p.

Just depends on whether you think the markets are due for another downward correction or not. August holiday, China, thin trading, bank holiday coming up.........might be a friday sell-off ready for September action.........???? No idea really, but more risk of 'downside' than 'up', imo.

Hence the tight stop Harry.

Stop to entry for risk free trade.

LATEST BROKER VIEWS

Date Broker New target Recomm.
23 Sep Numis 328.00 Add
23 Sep JP Morgan... 390.00 Neutral
22 Sep Investec 350.00 Buy
11 Sep Panmure Gordon 290.00 Hold
9 Sep Investec 350.00 Buy
23 Jul Panmure Gordon 325.00 Sell
22 Jul Goldman Sachs 370.00 Neutral
21 Jul Investec 374.00 Hold
21 Jul JP Morgan... 390.00 Neutral
21 Jul Canaccord... 403.00 Buy
Broker Recommendations for PZ Cussons

LATEST BROKER VIEWS

Date Broker New target Recomm.
6 Oct Goldman Sachs 355.00 Buy
23 Sep Numis 328.00 Add
23 Sep JP Morgan... 390.00 Neutral
22 Sep Investec 350.00 Buy
11 Sep Panmure Gordon 290.00 Hold
9 Sep Investec 350.00 Buy
23 Jul Panmure Gordon 325.00 Sell
22 Jul Goldman Sachs 370.00 Neutral
21 Jul Investec 374.00 Hold
21 Jul JP Morgan... 390.00 Neutral
Broker Recommendations for PZ Cussons

Anyone long with Cap Spreads this morning? I was stopped out so they say by a rogue price 302.34 this morning at the open. Reinstated. Got to watch these guys, rare with Caps but it happens.

Keeps trying to break 310p.. Buy order waiting on the spreads @ 312, if triggered tight stop.

Initial target 320p

Maybe get a bounce here. Watching.

LATEST BROKER VIEWS

Date Broker New target Recomm.
10 Dec Investec 327.00 Buy
26 Nov Goldman Sachs 360.00 Buy
6 Oct Goldman Sachs 355.00 Buy
23 Sep Numis 328.00 Add
23 Sep JP Morgan... 390.00 Neutral
22 Sep Investec 350.00 Buy
11 Sep Panmure Gordon 290.00 Hold
9 Sep Investec 350.00 Buy
23 Jul Panmure Gordon 325.00 Sell
22 Jul Goldman Sachs 370.00 Neutral
Broker Recommendations for PZ Cussons

This stock has been hammered, will wait to see how it's performing 9am Monday. If the Santa rally actually happens big IF. Even if dead cat bounce, may test 300p. Spread bet.

StockMarketWire.com
PZ Cussons has booked a statutory H1 pretax profit of GBP40.0m, from GBP39.7m a year earlier. Revenue was a jot lower, too. Interim dividend was unchanged at 2.61p a share.

Chairman Richard Harvey commented:
"These are a steady set of results in what have been challenging markets with overall revenue and profitability broadly flat versus the comparative period. A strong performance in Europe has offset a more difficult trading environment in Nigeria and the impact of weaker currencies in both Asia and Africa.

"The Group continues to maintain a strong pipeline of new products with good examples of successful new launches in the period being St Tropez's new in shower gradual tan lotion and the new range of Carex bodywash products.

"These demonstrate the importance of delivering innovation to the consumer to drive growth in challenging trading conditions, and have ensured that our market share positions are either held or grown in our core categories.

"It is particularly pleasing to note that our European businesses are performing strongly and are offsetting the challenges in emerging markets and the impact of currency weakness, and highlights the importance of geographic and category diversity that continues to serve the Group well.

"The Group's balance sheet remains strong with net debt at 1.4 x EBITDA at the period end. The strength of our balance sheet gives us the flexibility to further evolve the Group's portfolio into new areas of growth and to take advantage of new investment opportunities as they arise.

"Looking through the short-term challenges in Nigeria, we remain confident about the medium and long term opportunities which should begin to materialise once growth returns to that economy."

Having a third attempt to breach 280p since January.

340p next stop?

This is a great trading share, number of shorts from 351p closed today @ 330p. Historically bang on 25DMA sp has rallied, not confident will this time left one short open @327p stop @ 342p. target 300p.

PZ Cussons names Caroline Silver as new Chair

StockMarketWire.com

PZ Cussons said that Caroline Silver has been appointed as incoming non-executive chairman of the company, effective from Jan. 1, 2017, following the retirement of incumbent Richard Harvey.

StockMarketWire.com
PZ Cussons said its performance for the year ended May 31 was in line with expectations, with performance in Europe and Asia offsetting more difficult trading conditions in Africa.

The financial position of the Group remains strong with cash generation also in line with expectations.

"Performance in Europe and Asia is expected to be strong driven by the continuing brand renovation and innovation programme underpinned by strong cost control," the company said.

"In Nigeria, which represents approximately 25% of group profits, trading conditions are expected to continue to be challenging, with a range of potential outcomes for the new financial year dependent on the translational and transactional impacts of any movement in the naira exchange rate.

"The Group remains well placed to benefit from its position in Nigeria once growth returns to the market.

"The Group's balance sheet remains strong and well placed to pursue new opportunities for growth as they arise."