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JSG Johnson Service Group Plc

130.60
0.00 (0.00%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Johnson Service Group Plc LSE:JSG London Ordinary Share GB0004762810 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 130.60 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
130.40 131.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec 465.3M 27.3M 0.0659 19.82 541.23M
Last Trade Time Trade Type Trade Size Trade Price Currency
18:22:09 O 162 131.50 GBX

Johnson Service (JSG) Latest News

Johnson Service (JSG) Discussions and Chat

Johnson Service Forums and Chat

Date Time Title Posts
07/4/202410:09JSG: A (dry) clean sweep recovery play?989
06/5/201007:57Jonson Services - JSG Profit Warning - Price target 250p16
11/8/200909:11JSG Ready to Jangle939
03/3/200821:03The Johnson Service Group Thread2
05/7/200207:43JOHNSON SERVICE - JSG-

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Johnson Service (JSG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
06:15:05131.50162213.03O
06:15:05132.003343.56O
06:15:05131.7494123.84O
2024-04-24 16:22:07131.7915,87120,916.87O
2024-04-24 16:18:27130.60115150.19O

Johnson Service (JSG) Top Chat Posts

Top Posts
Posted at 24/4/2024 09:20 by Johnson Service Daily Update
Johnson Service Group Plc is listed in the Business Services, Nec sector of the London Stock Exchange with ticker JSG. The last closing price for Johnson Service was 130.60p.
Johnson Service currently has 414,415,123 shares in issue. The market capitalisation of Johnson Service is £541,226,151.
Johnson Service has a price to earnings ratio (PE ratio) of 19.82.
This morning JSG shares opened at -
Posted at 19/10/2023 11:02 by philanderer
Another rubbish day for JSG :-S
Posted at 10/9/2023 10:20 by wad collector
IC article, FWIW, is more cautious , concerned about the energy price exposure and the lack of workwear volume growth and concludes HOLD. Which I suspect is what most of us are doing. In March they also said hold at 115p.
Posted at 08/9/2023 14:07 by philanderer
Here's Berenberg's guess ;-)


Berenberg: Johnson Services in an upgrade cycle


Textile rental company Johnson Service Group (JSG) is in the middle of an upgrade cycle, says Berenberg.

Analyst Calum Battersby retained his ‘buy’ recommendation and target price of 155p on the Citywire Elite Companies A-rated business, which was trading at 131p on Thursday.

He said first-half results showed ‘clear support for our investment case’.

‘A combination of price increases, strong volume performance, improving spot energy prices and ongoing efficiency savings led to material year-on-year profit growth – against an admittedly pandemic-affected prior-year period – and another upgrade to full-year 2023 expectations, just six weeks after the last trading announcement and upgrade,’ he said.

He also pointed out that within the results the board said each of its divisions can recover pre-Covid margins in the medium term.

Battersby said this suggests ‘significant upside to future forecasts as this recovery plays out’.

The acquisition of Celtic Linen for €31.5m (£27m) and the £10m extension of the group’s buyback programme also showed ‘the range of options available to the company in terms of capital deployment, driving further upside to group earnings’.

‘Overall, Johnson Service Group is in the middle of an upgrade cycle that we expect to continue for some time, more than justifying the current valuation of 13.8 times 2024 price/earnings,̵7; he said.


citywire.com
Posted at 05/9/2023 08:48 by my retirement fund
This smells of the past repeating itself. No return to shareholders, laughable dividend, working capital chucked at share buy backs and serial aquasituons, now increasing banking facilities to do even bigger deals. I remember full well when they bought Sketchlys which resulted in existing shareholders being completely wiped out by emergency dilutive fundraising.
Posted at 01/9/2023 14:00 by wad collector
Yes it looks like a synergistic acquisition and ignoring any cost savings , the price seems competitive. Of course it is hard to now if there are hidden problems, why are they selling? Wonder why they didn't await results day to announce?
SP likes ir ' moving towards an 18 month high.
Posted at 07/8/2023 11:03 by philanderer
Johnson Service’s first half recovery impresses Berenberg


Volume and margin recovery is playing out at textile rental company Johnson Service Group (JSG), says Berenberg.

Analyst Calum Battersby reiterated his ‘buy’ recommendation and target price of 155p on the stock, which dipped 2.6% to 111.6p last week.

First-half results from the group showed ‘perfect evidence of our investment thesis’, said Battersby, as it upgraded full-year expectations given both volumes and margins coming in ahead of prior assumptions.

‘Our view remains that consensus forecasts for Johnson Service are highly conservative, that volumes from the pandemic-affected prior periods will rise materially year on year, and that the company will continue to see operating margins steadily recover towards the 15% achieved pre-pandemic,’ he said.

Inflated energy costs may be providing a headwind but falling gas and electricity prices ‘imply a significant profit tailwind’ in the second half of this year and next year.

‘We believe that ongoing efficiency savings and price increases will drive a further margin recovery thereafter,’ said Battersby.


citywire.com
Posted at 02/8/2023 15:57 by shepc
Thought it worth a top up at this price, no reason to suspect things have gone down since last update that I can think of
Posted at 14/7/2023 13:34 by km18
Johnson Service Group issued a pre-close trading update this morning. Group revenue in the six months to 30 June 2023 is expected to be £215.0 million and up 20.6% on an organic basis on 2022 levels. Performance was strong in both Workwear business atf £71.0 million (2022: £66.0 million) and in HORECA £144.0 million (2022: £110.2 million). Whilst inflationary pressures continue and energy markets remain volatile, management now have more certainty on the cost outlook in the short term and therefore are confident in reporting full year adjusted operating profit slightly ahead of current market expectations. Valuation is average, the balance sheet is strong, profitability ratios are decent. Share price has bounced this morning, but lacks more medium term momentum for now. JSG is a share to monitor for the time being...

...from WealthOracle
Posted at 16/3/2023 11:32 by philanderer
Johnson Services to recover lost margins, says Berenberg


Textile rental group Johnson Services (JSG) is a market leader that is set to deliver profit recovery, says Berenberg.

Analyst Calum Battersby reiterated his ‘buy’ recommendation but reduced the target price from 180p to 155p on the stock, which fell 2.9%, or 3.4p, to 115.4p on Wednesday.

Full-year results were in line with upgraded expectations, confirming the group is ‘experiencing a strong recovery in revenues offset by material inflationary pressures, in particular from energy and labour’.

‘While this means we reduce our future forecasts, we consider the group’s outlook highly encouraging,’ said Battersby.

‘Alongside a continued recovery in revenues from the pandemic-impacted prior periods, we expect Johnson Services to recover its lost margins over the coming years, made possible by the group’s significant scale advantages and greater ability to invest in more efficient technologies compared to smaller peers.’

He said the ‘recovery story will play out over coming years’ and combined with a strong balance sheet means there is ‘upside to both future forecasts and the company’s rating from here’.


CITYWIRE.COM
Posted at 13/1/2023 13:11 by wad collector
'JSG' or 'the Group')

Pre-Close Update

"Full year outturn is expected to be in line"

JSG, a leading UK textile services provider, today releases an update on trading.

Trading continued to improve during the second half of 2022, and we expect to announce full year revenue of approximately GBP385 million (2021: GBP271.4 million). Revenue in our Workwear business is expected to be GBP134.5 million and in HORECA, GBP250.5 million. On an organic basis, revenue is expected to have increased by almost 40% on 2021 levels and, on the same basis, be 2.6% higher than the pre-pandemic revenue posted for 2019.

HORECA volumes have increased slightly and were over 93% of normal in the final quarter, helped by the installation of new customers during the second half.

Whilst cost inflation remains a challenge, we continue to take appropriate actions to mitigate the impact. We have also traded further in the energy market such that some 65% of our anticipated gas requirement and 55% of our anticipated electricity requirement for 2023 is now fixed.

Year end net debt, excluding IFRS 16 liabilities, is expected to be approximately GBP14 million. The share buyback programme announced in September is ongoing with GBP5.6 million of cash utilised as at 31 December 2022.

The full year outturn is expected to be in line with current market expectations.

Full year results are expected to be announced in March 2023.
Johnson Service share price data is direct from the London Stock Exchange

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