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|Berendsen Daily Update: Berendsen is listed in the Support Services sector of the London Stock Exchange with ticker BRSN. The last closing price for Berendsen was 874.50p.|
Berendsen has a 4 week average price of 867.50p and a 12 week average price of 903.88p.
The 1 year high share price is 1,371p while the 1 year low share price is currently 763.50p.
There are currently 172,611,516 shares in issue and the average daily traded volume is 425,021 shares. The market capitalisation of Berendsen is £1,505,172,419.52.
|philanderer: October 2012: Director Magazine
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.
|blueliner: Didn't realise a name change could have such an effect on a share price, blown the 'naked trader's' short completely out of the water.|
Berendsen share price data is direct from the London Stock Exchange