- PZ Cussons' full year results highlight the good and bad of the company: great on paper, but inconsistent in delivery.
- A dividend cut of 30% will help finances, but is bad news for investors used to decades of dividend growth.
- Near its year highs, the company's improved performance may help drive shares further up. But it is inconsistent and there are more transparent options available elsewhere in the sector.
- I see scope for share price appreciation but prefer other names and continue to avoid PZ Cussons for now.
For further details see:
PZ Cussons: Not Bad, But Not Great