Pz Cussons Share Price (PZC)

Quite an encouraging update today, I think this could be an opportunity now Nigeria bad news now fully accounted for. They've done pretty well to avoid further downside given the catastrophic currency.

When they announce full Nigeria exit (and you'd think surely will happen by the end of the year) has potential to be share price catalyst. Whatever they realise for this I reckon market will be relieved it's over with.

Then there's the St Tropez sale, much more price sensitive but if/when it happens, assuming a decent price realised, would be another potential boost.

Diageo selling out to a Singapore based company

Couldn't buy at 80 due to lack of visibility, HY24 Net debt 97m but expecting 35/40m loss on the 77.4m Naira cash resulting in Net debt of 132/137m. Some clarity given in Q3, issues appear somewhat resolved, i think Cussons brands and their prevalence are very strong and expect a Unilever / similar deal offering.

Exiting Africa a good shout and needs to happen pronto, this would be much more investable then. Won't be a silver bullet though, because the value achievable from the African business will be depressed in GBP terms to correspond with its earnings. Won't help that Naira giving up its recent gains, down another 25% vs GBP in last 5 days alone.

St Tropez will be a much easier sale, easy to imagine it finding a willing buyer from likes of Procter & Gamble, Haleon or Unilever.

I agree. Nigeria should have been exited many years ago. I think I commented that 3/4 years ago. It has been like a millstone etc.

This app is becoming increasingly difficult to use as they pile more and more adverts etc. on.