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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Journey Grp | LSE:JNY | London | Ordinary Share | GB00B909HR51 | ORD 25P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 241.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 241.50 | GBX |
Journey Grp (JNY) Share Charts1 Year Journey Grp Chart |
|
1 Month Journey Grp Chart |
Intraday Journey Grp Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 04/10/2016 | 07:49 | Journey to recovery | 282 |
| 20/1/2013 | 11:31 | Journey Group Plc | - |
| 04/4/2007 | 15:51 | Journey Resources: Empire Mine & Musgrove Creek | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 03/10/2016 23:26 by battlebus2 Hopefully we will see a higher share price over time, I did think the offer was a tad low myself. Who voted against?? |
Posted at 23/8/2016 07:14 by battlebus2 Recommended cash offer of 240p per share by Jaquar group. A premium of 18% :)) |
Posted at 05/1/2016 12:06 by lanzarote666 And so quiet here. Up 10% yesterday and not a peep. That bodes well.Share buy backs, contract extension - hopefully just the start... Tipped in the Sunday Times apparently - oil price down, good news for airlines. |
Posted at 05/1/2016 11:47 by topvest Well a fantastic start to the New Year for JNY following the share buy-back. Looks like there is a shortage of stock around to be honest. |
Posted at 22/12/2015 10:27 by topvest Well I've just re-entered this on the positive news this morning. The 3 year contract extension was vital. With the new contract and another big share buy back about to go through then this appears to have more upside trajectory than downside. The share is very tightly held and I wouldn't be surprised to see some form of corporate activity next year. Chris Mills will be looking to crystallise value in my view and the contract extension and new contract certainly is a positive start to all of this. Probably should have held from earlier, but only paid 7p per share more than I sold out for in September after the interims so reasonably comfortable with that, all things considered. |
Posted at 18/11/2015 20:40 by topvest I seem to have called this one wrong with all the share buy-backs. No news on the main contract yet? |
Posted at 18/11/2015 07:24 by battlebus2 Good to see the repurchase of 1,114,955 shares announced at a price of 180p, Harewood sold a few to keep below the 30% threshold...12,418,7 |
Posted at 14/10/2015 11:52 by battlebus2 Well this is great news and the share price is already reacting positively.A share buy back programme has been announced. |
Posted at 23/9/2015 08:59 by topvest Decided reluctantly to sell mine for a good profit since buying at 129p in April. Second time in and out of these. Will look to buy back in on the final results depending on the outlook. Can't see much upside in the price for 6 months or so and possibly some downside if anything negative arises such as losing the main contract which may/may not be being tendered ahead of the Nov 2015 expiry. Will keep watching. Still expect this to do quite well medium term, but not so sure about the short term. |
Posted at 03/8/2015 08:09 by battlebus2 I've added in flight products specialists Journey Group to the portfolio. We all know how bad airplane food can be but Journey's model differs from the way meals are currently made and distributed by the likes of Gate Gourmet, it promises a revolution in food on the go, if not in terms of taste, then in cost and flexibility. To understand what I mean you have to first know how airline catering is currently conducted. Thousands of starters, main courses and puds are cooked and packed in large, expensive kitchens on airport property. No surprises there.It means the traditional caterers are expensive and low margin, while the airlines have little say in what’s served up to their passengers.These businesses are asset heavy and require a lot of ongoing investment to maintain.Air Fayre has turned the model on its head by using specialist food suppliers and high-end restaurants and hotels, rather than its own kitchens, to cook its food in the down-time between sittings.This means the model is relatively asset light (although it has invested in chilled warehousing and refrigerated trucks). It also means the airlines are able to specify which meals it wants to carry on its next cycle.The carrier is then charged the price of the meal plus a margin on top to cover wastage and breakage. Air Fayre (Journeys main revenue earner) makes its money by levying a handling fee per plane depending on its size and destination.This covers the cost of putting the chilled meals on trays, stacking them on trolleys and transporting them air-side in chilled trucks.The process has been patented, which has warded off potential competitors. This protection lasts until 2022.All this takes place around 10 miles away from the airport, which means the premises are cheaper and labour can be non-unionised.Contra And the opportunity is huge if it can replicate the template it has created at LAX at other hubs across the States. It could find itself with a decent slice of pie worth US$2bn annually. JNY produced a PBT of 2.02 million last time around and forecasts are for 2.38 this time with EPS of 12p leaving them on a P/E of 13 and a dividend of 2.2%, while cheap this doesn't take into account the cash balances of £4.25 million. Forecasts for Dec 2016 show PBT of 2.67 with EPS of 13.41 with the P/E falling to 11. Current share price 157/161 so the spread is very reasonable. IMV now maybe the opportune time to buy given the new contracts they have been signing like the one recently announced with FEDX, Stephen Yapp Excutive Chairman who was also director at another co i hold (ALT) said, " the Board is confident that the Group has now entered onto a new strategic path for growth from 2016 onwards." Negatives could be the few lumpy contracts and if one major deal was lost this would have a material impact on the co. I also didn't realise until i started researching that Chris Mills is a major holder here and was appointed to the board in January 2015 so a big plus given his track record. Just my musings so as ever it's a long term buy but DYOR ETC...Initial target price £2. |
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