Analyst Views: Are you impressed by PZ Cussons’ trading update?
DARREN SHIRLEY SHORE CAPITAL
“There’s a similar sort of momentum to this update as there was at the end of the [financial] year. There is some robust commentary about the performance in the UK. But particularly in the Nigerian business, the important period will be the next quarter. I would be surprised if there were any changes to numbers .
GRAHAM JONES PANMURE GORDON
“PZ Cussons’ IMS reveals a good start to fiscal 2014 with trading stated to be in-line with expectations, with new product development a key theme. Currency movements… should in theory take two to three per cent off forecasts, but given the positive start to the year we maintain our forecast.
CHARLES PICK NUMIS
“Trading from 1 June to 24 September has been in line with management expectations and ditto cash generation that has remained strong. Amongst the detail, it is hard to find negatives – even in Greece (which is small beer) the performance has been similar.