Berendsen Share Discussion Threads

[salpara111] 03/3/2017 08:37

Not entirely clear why the large drop.
Pretty much everything was known.
I have this on my watch list but not invested yet.
I guess I will just keep an eye on them for the immediate future.

[grahamburn] 28/2/2017 17:29

No, scheduled for Friday 3 March.

[kazoom] 28/2/2017 16:12

Results late?

[fabius1] 08/2/2017 00:52

Me too. Let's see.

[philanderer] 07/2/2017 23:56

I`ve always liked the company and made money from it in the past.

Waiting for an entry point now, and I may have missed it ! :-)

[blueliner] 07/2/2017 18:08

Thanks for the link Philanderer, at least it's lifted my portfolio today.

Waiting to see how management tackle some of the operational issues thrown up last Oct referred to in that upgrade.

[philanderer] 07/2/2017 11:23

Berendsen boosted by RBC upgrade

[fabius1] 22/1/2017 14:11

Couldn't help a wry chuckle at the following RNS re share movements. I think they forgot to mention that they are wholly owned by the shareholders....

'Columbia Management Investment Advisers, LLC (1.359%)

Threadneedle Asset Management Limited (3.669%)

Columbia Management Investment Advisers, LLC Is wholly owned by Ameriprise Financial, Inc.

Threadneedle Asset Management Limited is wholly owned by TC Financing Limited, which is itself wholly owned by Threadneedle Asset Management Holdings Limited, which is itself wholly owned by TAM UK Holdings Limited, which is itself wholly owned by Threadneedle Holdings Limited, which is itself wholly owned by Threadneedle Asset Management Holdings SARL, which is itself wholly owned by Ameriprise International Holdings GmbH, which is itself wholly owned by Ameriprise Financial, Inc.'

[ali47fish] 07/12/2016 19:31

chester why did you top up- do you think this is now investible as the share price does not stop falling

[philanderer] 06/12/2016 17:21

First time I`ve looked at these in ages.

Stifel downgrading to 'sell' today with a 710p target

[arja] 05/12/2016 07:24

truly awful looking chart but may be near point of being oversold

[blueliner] 30/7/2016 19:00

Quite a plunge yesterday, certainly removed any froth.

Martin Waller in The Times says half year results were respectable enough but 'growth not up to scratch' for the worried analysts.

A somewhat 'tarnished' reputation for Mr Ferguson this time, he will have to squeeze more out of it.

Picking up on one slightly negative point, under UK Flat Linen healthcare Re NHS...
We also continue to engage with Trusts that have not yet outsourced their linen services, where we are well placed to deliver efficiencies and savings, but we have seen some slowdown this year in progress towards tenders.

Under Brexit potential impacts: mention of the currency tailwinds....
However, as over half of the group's operating profits are generated outside the UK, the group's reported revenues and operating profits will benefit modestly from favourable translation should sterling remain at current values.

A fair bit of waffle about models etc and the comings and goings of various business appointees which unless they are very senior I'm not that interested.

[chester] 29/7/2016 08:59

38% fib retrace = 1280p. I've just topped up there.

[chester] 28/7/2016 08:41

dodddy - Thanks for highlighting these to me.

[blueliner] 28/4/2016 19:38

Nice to see the usual currency headwinds become tailwinds.

[dodddy] 28/4/2016 17:54

Trading Update

Berendsen plc ("the Group") today issues a Trading Update for the period from 1 January to 31 March 2016 ("first quarter"), prior to its Annual General Meeting today at 11.00am.

Trading in the first quarter was in line with management's expectations. Group revenue was up 3.6% at constant exchange rates and before acquisitions ("underlying"). Reported revenue benefited from the strengthening of the currencies in which we operate, resulting in revenue growth for the Group of 6% compared to last year. Underlying Group operating profit was ahead of the equivalent period last year.

Our Workwear and Facility businesses grew at close to 5% on an underlying basis and there was also good growth in our Hospitality businesses, particularly in Scandinavia. Our Healthcare businesses saw lower revenue in Germany and Austria and lower volumes than expected in the UK, which held back growth in the Business Line.

We are making good progress with the implementation of our strategy, focusing on the completion of our Business Line model and building capabilities. These investments have impacted the operating margin in the short term as expected. The Business Line team for Hospitality is now fully in place and our new operational blueprint for Hospitality is nearing completion. In April Christophe Martin became leader of our Healthcare business. Christophe joins us from Johnson and Johnson and brings significant experience of growing businesses in the healthcare sector. Our business improvement plan for shared services has been launched, we have strengthened our LEAN capability and we expect to have our business development group fully in place in the coming quarter.

We are prioritising capital allocation to the significant opportunities we see in Workwear and Cleanroom in line with our strategy. We are making good progress with our CL2000 investments at four sites in the UK and Germany, extending capacity in other CL 2000 sites and planning for further investment is in place. As a result capital expenditure in the quarter was higher than last year, but our free cash flow was strong and we expect to convert between 75% and 90% of our profit after tax into free cash flow for the year as a whole. Our net debt is slightly higher than at the start of the year.

The Group has made a good start to the current year with trading in line with management's expectations. As previously guided, the Board expects to achieve a further year of good underlying progress.

[dodddy] 18/3/2016 11:51

pushing on to first target 1400

[dodddy] 16/3/2016 14:32

and added a few more :)

[dodddy] 15/3/2016 14:38

added a few more today

[dodddy] 04/3/2016 20:06

positively crowded now :) just wait until the masses wake up to this

[hard work] 04/3/2016 18:56

I'm here too...quietly lurking

[blueliner] 04/3/2016 16:21

Impressive.
Sitting on a considerable profit since buying in 09/2008, plus dividends.

[dodddy] 04/3/2016 09:39

added a few more 1170

[dodddy] 01/3/2016 20:45

added a few more today. clear skies above now