Berendsen Share Discussion Threads

[philanderer] 01/11/2012 12:38

That looks like 'breakout'

[philanderer] 29/10/2012 08:59

29th october JP Morgan Caz 'overweight '

retained

[blueliner] 27/10/2012 11:02

from UK Analyst...
' Work wear provider Berendsen (BRSN) announced a 3% rise in revenues in its core business, excluding the impact of currency, which contributed to a 2% growth in revenues overall for the third quarter ended 30th September 2012. However, adverse currency movements resulted in total revenues falling by 2%. The firm noted a particularly good performance from its higher margin Facility division which continued to grow at a quicker rate than the rest of the business. The shares decreased by 10p to 565p.'

[philanderer] 26/10/2012 11:26

26th october Oriel 'buy' new tp = 650p , up from 600p


26th october Credit Suisse 'outperform' tp 640p

retains.

[philanderer] 26/10/2012 09:34

1st in...

Seymour Pierce retains 'add' and increases target from 545p to 600p

edit:

followed by

Investec retaining 'buy' and increasing target from 570p to 595p

Panmure from buy to hold , retaining target at 582p

[philanderer] 26/10/2012 08:46

IMS out of the blue :-)


AOL Money...

First off, European technology textile operator Berendsen.

Trading for the last quarter has been in line with expectations with revenue for core growth businesses ahead 3% compared to the equivalent period last year on an underlying basis.

"For the Group as a whole, underlying revenue was up 2% but was down 2% at the reported level after the impact of currency. We again improved our operating margin and with a lower interest charge, we delivered good growth in adjusted profit before tax."

Free cash flow has been strong. As a result, net debt at 30 September 2012 was approximately £470 million, down from £514 million at the start of the year. The Berendsen Board expects good year on year progress for the full year 2012.

[philanderer] 24/10/2012 16:50

And giving it back today on 180k traded :-)

[philanderer] 23/10/2012 17:05

Good performance today on a really poor general market.

Volume good at 220k+

[philanderer] 16/10/2012 18:16

Firming up nicely before the IMS .... 28th october last year , no date announced as yet.

[philanderer] 10/10/2012 16:15

Just noticed, dividend paid tomorrow :-)

[philanderer] 06/10/2012 23:26

October 2012: Director Magazine

Berendsen

by Malcolm Craig

My tip this month is textile cleaning services group Berendsen for four good reasons, which should see the company share price hit 650p over the next year:

• Profitability on the rise. Berendsen saw its latest half-year pre-tax profits rise by over one fifth to nearly £40m. Profit margins are rising in the core business by 110 basis points to 17.3 per cent.

•Last year saw a change in company policy, which
is reaping rewards already. The company split away its growth businesses – comprising work wear, washroom and clean-room products, hotels and healthcare – from its 'manage-for-value' businesses.

• The latter will have lower investment and will concentrate on cash generation. These include the linen operations outside the UK and the clinical and decontamination businesses in the UK. These contribute to nearly one third of the revenue.

• Berendsen gets nearly 40 per cent of revenues from overseas. This exposes it to weakness in the Eurozone but no analyst has reduced the growth forecast.

Buy Berendsen at best with a 20 per cent stop/loss trigger to protect you against any major market fallbacks.

Stockmarket and alternative investments can fall as well as rise in value. Readers should consult their own professional advisers.

[philanderer] 05/10/2012 12:53

IMS should be within the next 4 weeks.

Last year was 28th october.
2010 was 2nd november

[philanderer] 04/10/2012 12:11

I think it has now ;-)

[philanderer] 02/10/2012 16:43

Mighty close to a breakout .

Good volume 130k+

[philanderer] 01/10/2012 08:20

UBS reiterates 'buy' today and increases target price from 560p to 600p

[philanderer] 27/9/2012 11:14

Goldmans retain 'neutral' , increases target from 563p to 607p

[philanderer] 27/9/2012 09:30

yesterday...

Canaccord Genuity initiates hold on Berendsen, target price 505p

[philanderer] 24/9/2012 16:56

healthy 200k+ traded today

[philanderer] 19/9/2012 20:09

Credit Suisse reiterates 'outperforn' 640p target today

[philanderer] 12/9/2012 21:27

RBC Capital reissued their outperform rating on shares of Berendsen (LON: BRSN) in a report released on Wednesday. RBC Capital currently has a $9.27 (575p GBX) target price on the stock.

[philanderer] 12/9/2012 15:53

Weird to say the least.....Citigroup retains it`s 'sell' but increases it`s target from 425p to 500p.

So it got it completely wrong before !!

[philanderer] 10/9/2012 12:26

Reminder , BRSN goes xd wednesday morning (8p) , to be paid 11th october

So may be some buying today/tomorrow to qualify for that.

[philanderer] 10/9/2012 11:20

just broken that closing ath.

[philanderer] 07/9/2012 16:53

Good week, good volume .... Approaching that ath of 568p :-)

[philanderer] 06/9/2012 11:15

6th sept Oriel buy tp 600p

reiterates.