PZ

[storm0210]

pls i need information, my mum bought shares in PZ industries in the late 80's and she doesnt bother herself about their dividends and stuffs until recently when my father passed away, she started asking questions. she is presntly in owerri and wants to get information on how she can retrieve her share certificate, dividends and all. problem is im not an investor and i know nothing about investments and shares. how do i go about tracking down her shares or maybe changing it to my name??

if u hav any information pls email me franklin0210@hotmail.com, i would be very grateful.

[olusolakemmy]

Originally Posted by storm0210

pls i need information, my mum bought shares in PZ industries in the late 80's and she doesnt bother herself about their dividends and stuffs until recently when my father passed away, she started asking questions. she is presntly in owerri and wants to get information on how she can retrieve her share certificate, dividends and all. problem is im not an investor and i know nothing about investments and shares. how do i go about tracking down her shares or maybe changing it to my name??

if u hav any information pls email me franklin0210@hotmail.com, i would be very grateful.

you have to know the company that is representing PZ in the capacity of registrar, they have list of shareholders, they will sort things out.
i dont know who is PZ registrar really.
you can try first registrar, just type the name first registrar on google, you get the website and see all the company they are representing.
If PZ is among, then you call them, or go to their office at ABEBE village to lodge a complain/enquiry.

If its not first registrar, am sure someone in the house(forum)will have an idea.
good luck

[DaInvestor]

yeah i think its first registrars,
their address is at Plot 2, Abebe Village Road, Iganmu P. M. B. 12692,
Lagos

[tonidol]

Guys, what is your take on taking position with PZ. Their half year result ending 30/11/07 was not bad and with 31/05/08 full year end, l expect a rally for the stock going forward.

[zainabusman]

Originally Posted by AkeemAde

Nice one there Zainabusman. It is very instructive. With your advice, I think I should let go Unilever and PZ. They were initially rolling out profits until recently that it is going down and now losses.
What do you advice?

In respect of Unilever, i really dont follow the stock so i cant advice on it.

As for PZ, as tonidol rightly pointed out the year end is May so this is perhaps not a good time to sell.

In addition, selling PZ now does not amount to selling early. It has received a sound beating. At 24.23 it is perhaps even a time to buy.

I will dig out the 3rd qtr result and post later today.

[tonidol]

Originally Posted by zainabusman

In respect of Unilever, i really dont follow the stock so i cant advice on it.

As for PZ, as tonidol rightly pointed out the year end is May so this is perhaps not a good time to sell.

In addition, selling PZ now does not amount to selling early. It has received a sound beating. At 24.23 it is perhaps even a time to buy.

I will dig out the 3rd qtr result and post later today.

Zainabusman, l had earlier opened a thread on PZ earlier this morning. Let us continue there to disuss PZ. Can the Moderators close this thread please?

[tonidol]

Originally Posted by tonidol

Zainabusman, l had earlier opened a thread on PZ earlier this morning. Let us continue there to disuss PZ. Can the Moderators close this thread please?

Zainabusman, how far with 3rd Q result for PZ as promised. I am desperate to jump in a soon as l have detailed information please.

[zainabusman]

Originally Posted by tonidol

Zainabusman, how far with 3rd Q result for PZ as promised. I am desperate to jump in a soon as l have detailed information please.

9 months result:

Turnover N47.44 billion percent increase 24.34%
PAT N2.418 billion percent increase 26.33%

unless u are buying 4 short term speculation, as year end is approaching, there are better priced stocks right now than PZ. It closed today at N27.56.

I have attached FSDH report on PZ to help ur analysis.

[tonidol]

Originally Posted by zainabusman

9 months result:

Turnover N47.44 billion percent increase 24.34%
PAT N2.418 billion percent increase 26.33%

unless u are buying 4 short term speculation, as year end is approaching, there are better priced stocks right now than PZ. It closed today at N27.56.

I have attached FSDH report on PZ to help ur analysis.

thanks Zainabusman. Examples of better priced stocks for the short term please?

[jamilunfatima]

Yes, zainabusman or anybody else with info, pls examples of better priced stock. Replies will be highly appreciated. Thanks

[faithgonuel]

I totally agree with other members of the house. First, fount out the registrar in charge of PZ and forward your complaint to them. If you have anything that proves tha your mum is a bonafide shareholder, please take it along as you go to their office.

[billions]

PZ CUSSONS FOUNDATION PLC
AUDITED ACCOUNT FOR THE YEAR ENDED 31ST
MAY 2008
2008 2007
TURNOVER N65.945b N54.216b
EXCEPTIONAL ITEMS N900m -
PROFIT BEFORE TAXATION N5.980b N5.355b
TAXATION AND MINORITY
INTEREST N2.029b N1.843b
PROFIT AFTER TAXATION N3.950b N3.512b
PROPOSED DIVIDEND 62 KOBO CLOSURE OF REGISTER
25TH TO 29 TH AUGUST 2008 PAYMENT
DATE SEPTEMBER 11, 2008

[billions]

Originally Posted by billions

PZ CUSSONS FOUNDATION PLC
AUDITED ACCOUNT FOR THE YEAR ENDED 31ST
MAY 2008
2008 2007
TURNOVER N65.945b N54.216b
EXCEPTIONAL ITEMS N900m -
PROFIT BEFORE TAXATION N5.980b N5.355b
TAXATION AND MINORITY
INTEREST N2.029b N1.843b
PROFIT AFTER TAXATION N3.950b N3.512b
PROPOSED DIVIDEND 62 KOBO CLOSURE OF REGISTER
25TH TO 29 TH AUGUST 2008 PAYMENT
DATE SEPTEMBER 11, 2008

PAT increased by 12.5%.Not bad for a manufacturing company operating under d present condition....there are better opportunities in d banking/insurance sector.

The EPS based on d 3.18b O/S is N1.24K.Current PE based on todays price is 19.34.

[hispy99]

Latest Market Info
PZ: 1ST QTR AUG 2008
PZ CUSSONS NIGERIA PLC PERIOD ENDED 31-08-2008 (1ST QUARTER)

TURNOVER 08 N16.568b, 07 N13.513b

PROFIT BEFORE TAXATION 08 N775.577m, 07 N670.401m TAXATION 08 (N305.647m)07 (N227.0m)

PROFIT AFTER TAXATION 08 N469.930m, 07 N443.330m


PZ closed unchanged at 24.030. Volume was 99% below average (consolidating) and Bollinger Bands were 77% narrower than normal.

[hispy99]

PZ to invest N10bn in Nigeria
By David Amuwa
Published: Friday, 31 Oct 2008
PZ Cussons Nigeria Plc is set to invest about N10bn in the country in the next three years.

This was disclosed by the Managing Director, Distribution Services, PZ Cussons Nigeria, Mr. Adewale Raji, in an interview with our correspondent in Lagos on Friday.

He said, “We are putting through an investment of £39m, about N10bn in Nigeria. The huge injection is to modernise our supply chain in Nigeria.

“It involves relocating a manufacturing plant from Ilupeju to Ikorodu. It involves bringing what we call a world class distribution centre at a cost of about £5m, that is about N1.2bn.

“There, we are going to have modern racking, modern and sophisticated equipment.”

He said the equipment was capable of dictating within the racking where every item was located.

He said with the equipment, it was possible to monitor the expiry date and other relevant information about any product.

According to him, the computer software will put the enquirer through all he needs to do within seconds.

“The situation will be different from when we had to put everything in our memory and do things manually,” he added.

Raji added that the need to embark on the huge investment was informed by the quest to expand in response to the demand for the company’s products.

He said, “We are also expanding to make sure that we can cope with the demand for our products as well as to improve the quality of our products. We are changing a lot of machinery in our detergent plant.

“We are bringing in new equipment, which are similar in quality to those in Western Europe so that we can give high value products at affordable prices to Nigeria.”

Meanwhile, the company has donated five high capacity motorcycles to the Federal Road Safety Commission to enhance its patrol operations.

The firm also made a donation of 1,000 safety reflective jackets to the commission as part of its support for road safety campaign in the country.

The Deputy Chairman, PZ Cussons, Mr. Tunde Oyelola, while making the presentation to the Corp Marshal, Mr. Osita Chidoka, at the company’s head office in Ilupeju, Lagos, on Wednesday, said that the firm decided to support the FRSC to assist the commission in tackling the issue of safety on the nation’s roads.

A statement by the company’s Head of Media, Mr. Tunde Durotoye, quoted Oyelola as saying, “PZ Cussons has over the years supported and encouraged a number of corporate social activities aimed at promoting socially responsible attitudes among Nigerians for the betterment and well being of the environment in which we operate.”

[hispy99]

Manufacturing, a sector seriously bashed in Nigeria –PZ MD
By David Amuwa
Published: Sunday, 30 Nov 2008

What impact have the global economic crises made on the manufacturing sector, especially your company?

In the first instance, there are always good and bad sides to any occurrence. One good thing that I can say has come out of the global crises is that prices of crude oil are coming down. And people are buying futures products. Now, with the global economic crises, there are some constrains. So, the good side of it is that the prices of goods are coming down. Within the context of Nigeria, it is negligible for the country. If you look at it from the manufacturer‘s point of view, the extent to which our manufacturing is supported by the local input is very limited. The supply of raw materials is coming from overseas. Whenever you have high crude oil prices, you can transfer your entire cost on these raw materials. Naturally, what you expect is that if crude oil price is falling, you expect that the raw materials prices would also fall. It might not fall at the same rate, though. And we have seen a lot of correspondence coming on commodity prices. I will give you one example, fat and oil. Internationally, fat and oil and other cooking products that compete together are physically falling now. It is on the account that crude oil prices that went up have started falling that the prices of these commodities have also started coming down. Consumption in the Western world is falling. That is the point of view when you want to look at it on the positive side.

The negative side here is that it is a situation where consumer demand in the Western world is falling. The disposable income available to consumers in the Western world is falling. So, whatever they are demanding from those of us who are in the emerging areas of Africa, their demands would come down – thus contracting the market.

Are you worried about the slide in the capital market?

What has happened is that every investor should be worried. As I mentioned earlier, we are trying to accumulate savings so that they could become investible funds. In Nigeria, for the first time ever, the mass of Nigerians are attracted. It was one way of generating works for individuals. And by so doing, it was also a way of getting a very positive scheme of resources, finance and funding for companies- whether they are in services or in manufacturing or they are in telecoms. They could access fund with a very maximal profit which could be used to develop and expand business and enhance employment. From that point of view, a lot of Nigerians have been attracted to the capital market. It is a very healthy development that the capital market is developing and it is also commendable on the part of the government that, at least, it has been able to put some regulations and collaboration in place. But in reality, the market needs correction. I think we are getting out of hand and the fundamentals were not there. From this point of view, there were medium adjustments and I think it is good for the economy. There would be more learning.

How have you been keeping afloat in the business, considering the unfriendly business environment in the country?

I talked about fundamentals. This year stands out fundamentally and you keep watching over them. What we do is look at the present and we are continuously focusing on the future. The chance for survival is there. One of the things that people need to avoid is joining the crowd, when you feel you are not competent or you have not got any form of advantage. Let me give you an example. Nigerians always have this idea of moving from one particular product at a point in time to another. At a time, it was mortgage output and community bank. You have a mass movement in one particular direction. The strengths are not there, the fundamentals are not there. What this implies is that as a company, being a multinational, we have our strength recognised globally and we intend to play on our strength. As a personal care company, we have been involved in soap manufacturing for a very long time. By then, what we produced was laundering soap, because that was the soap that was needed. In Yoruba land, what was used in washing was called soda. We found out that when we got into laundering, we still needed to go into another sector, which include toilet soap and detergent soap, which are more modern and with better value as par the interest of input. We are in a country, where the population is growing because of the high birth rate. The younger element is having the timely stage, which goes beyond just performance. So, we remain relevant as the population increases. As the population and demography change, we try to make sure that we are relevant to the public. We are also conscious of the fact that we need to be relevant in the future. We are also taking special steps to make sure that it is not just now but the future that is important. So that is the reason for that plan.

In addition to that, we try to make sure that our workers are exposed to the best training and development. We give them the capability to be able to respond to the dynamics of the environment. We always want to ensure that people are flexible, focused, innovative and faithful in what they are doing. They are helping us to build a good track. That is a major trend. You find people, who are happy having a career with us and we give them the best of exposure. This has allowed us to come this far, and it gives us confidence.

PZ represents different things to different people. How would you define the company?

PZ is a multinational personal care company that is involved in manufacturing. Personal care has been the key area and there are other value adding sectors that we are involved in by virtue of the joint venture in milk and nutrition.

How has it been leading a big conglomerate like PZ?

It is an enormous responsibility and it is coming a long way. Now, you must take it from the outset. You really have to display capacity and capability to be able to respond to all the micro-functional areas of the business. In addition to this, we are hosting an external responsibility that goes with it. We have the environment to contend with and we have the dynamics that are changing everyday to contend with. And for businesses that real growing problem confronts, with a very lengthy history behind them, surviving now and being able to survive in the future are enormous responsibilities. So, it is not just looking at it that matters but it is being relevant today and also being conscious and creating strategies that would make you relevant in the future. So that effect puts you on your toes that it is never a time to sit back and relax. There have been a lot of contributions from past leaders of the company. For those of us who are current, we need to see that continuity. It is not just maintaining what we have but making sure that we put in place the right strategies and the right plans to make sure that we are relevant and we have a very bright future.

What are some of the strategies applied so far to overcome these challenges?

As a multinational corporation, the experience is such that you have different territories to manage. People talk of mature markets from Europe and the Western world as well as what they call the emerging world. The emerging world is the Third World. But in the Third World, we know that the level of development also varies. So, we have a cocktail experience at the multinational level. This experience is of immense asset to us in trying to make sure that when we look at the economy in Nigeria, we want