Berendsen Share Discussion Threads

[philanderer] 09/3/2017 20:14

cj , that 559,389 @ 778.5p printed at 16:35 was the UT (uncrossing trade) total executed volume and uncrossing price as a result of a SETS auction. Happens every day with SETS stocks.

[cjones123] 09/3/2017 20:02

Wow..... A £4.3 Million buy at 16:35 today :).

[essentialinvestor] 09/3/2017 12:17

If Phil decides to buy here will add more, he is usually particulaly sharp.

[cjones123] 09/3/2017 11:59

Recent BRSN Broker Ratings.....

JP Morgan Cazenove 09/03 Reiterates Overweight 1,249.00p
Goldman Sachs 08/03 Reiterates Buy 1,070.00p
JP Morgan Cazenove 06/03 Reiterates Overweight 1,249.00p

[cjones123] 09/3/2017 11:57

JP Morgan Cazenove 09/03 Reiterates Overweight 1,249.00p
Goldman Sachs 08/03 Reiterates Buy 1,070.00p
JP Morgan Cazenove 06/03 Reiterates Overweight 1,249.00p

[essentialinvestor] 09/3/2017 10:45

Fair does cj, like the optimism, luck with your trade/investment.

[cjones123] 09/3/2017 10:11

Hey EL, Nothing unusual here just the normal market overreaction as always. To be honest, thats what makes it a great buy right now :).

Its way oversold at the moment, sure share price will be volatile for the next few days but give it another week or two and you will see it bounce back like crazy. Because when you look at the core of it, this is still a profitable business which is making money and paying out good divi's. Bring on the 22.5p in April :). 4.5% divi in my book isn't not bad at all.

[essentialinvestor] 09/3/2017 09:44

Wish I could be that confident cj,
would not rule out further disappointment, but the share price here discounts a lot,
but not something horrific.

[cjones123] 09/3/2017 09:40

I am back in at 7.75 this morning. Profitable business, good divi (4.25% at the current SP) and solid broker ratings.... great time to buy and snap it on the cheap IMO.

[essentialinvestor] 09/3/2017 09:30

A second very small amount.


Phil, I'm probably buying in amounts here that you tip a waiter on a good night out ).

[philanderer] 08/3/2017 22:18

Luck with those EI, very tempted myself here.

8th march Goldman Sachs buy tp 1080p cut from 1197p

[essentialinvestor] 08/3/2017 15:52

Had a very small amount.

[essentialinvestor] 08/3/2017 12:33

Many thanks Phil, appreciated as always.

[philanderer] 08/3/2017 12:30

Afternoon EI , love the company, great management. I've been out of them for a few months now but I`ll look to get back in when this latest rights issue is digested.

At the moment I like the paper/card packaging companies SKG and SMDS in preference to plastic.

edit:

this CEO purchase here doesn't seem to have stopped the drop

[essentialinvestor] 07/3/2017 10:01

Hi Phil, off topic, any view on RPC atm?, thanks.

[philanderer] 07/3/2017 09:59

7th march Morgan Stanley equal weight tp 1100p

initiating coverage today

[philanderer] 06/3/2017 13:27

Big buy by the CEO last friday

122,000 @ 820p

[pottermagic2310] 05/3/2017 13:24

Looks to me as though some of the challenges being faced by this Business could benefit from a contribution that XSG might be able to make to how the Business operates ??????



Food for thought....

[blueliner] 04/3/2017 08:37

From StockMarketWire.com
Operating profit at industrial linen processor Berendsen (BRSN) was up 5% to £161m last year, but excluding currency exchange rates, this was actually 4% lower. The market was not fooled and the share price fell by 11.4% to 823.5p.

[fabius1] 04/3/2017 01:41

All good things come to those who wait.

[philanderer] 03/3/2017 10:08

Blimey and I thought I`d missed the boat :-O

[stevetk] 03/3/2017 08:47

Probable reason for slip.Berendsen, reported second-half performance has been hit by legacy issues, which reduced U.K. Textile profits by 10.0 million compared to prior year.

[essentialinvestor] 03/3/2017 08:45

Mentioned on the ASCI board last year that hoped the manager was reducing
their BRSN holding, as the valuation looked la la land to me,
the share price back to reality with a bump since then.

[blueliner] 03/3/2017 08:42

Re Finals
A lot of flannel again . dividend increase hardly compensates.
What a catalogue of disasters.

Have they only just woken up to the fact they still have ageing plants.

'Operational instability' again, 'process bottlenecks' 'machine downtime' 'increased rework'. 'inefficient machinery'
resulting amongst other issues in higher costs as textile rental stock levels boosted to deliver customer service requirements.

At least EU doing better.

[jakedog2] 03/3/2017 08:41

Salpara111,

possibly the capital investment ...... £150M / annum for next 3 yrs to fund transformation