Share Name Share Symbol Market Type Share ISIN Share Description
Berendsen LSE:BRSN London Ordinary Share GB00B0F99717 ORD 30P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -10.00p -0.78% 1,269.00p 1,271.00p 1,273.00p 1,287.00p 1,266.00p 1,277.00p 1,495,093 16:35:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 1,110.0 120.3 53.3 23.8 2,190.52

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Date Time Title Posts
20/7/201711:11Berendsen plc_European textile services group341
11/3/201708:39BRSN Broker Ratings - STRONG BUY2

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Berendsen (BRSN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2017-08-17 16:23:081,274.4876,784978,595.19OK
2017-08-17 15:50:421,274.132312,943.23NT
2017-08-17 15:50:411,274.133904,969.10NT
2017-08-17 15:35:281,269.00105,0481,333,059.12UT
2017-08-17 15:29:531,273.002473,144.31AT
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Berendsen (BRSN) Top Chat Posts

DateSubject
17/8/2017
09:20
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 1,279p.
Berendsen has a 4 week average price of 1,259p and a 12 week average price of 1,064p.
The 1 year high share price is 1,308p while the 1 year low share price is currently 722p.
There are currently 172,617,754 shares in issue and the average daily traded volume is 572,680 shares. The market capitalisation of Berendsen is £2,190,519,298.26.
07/6/2017
20:13
waldron: http://uk.advfn.com/stock-market/london/berendsen-BRSN/share-news/Elis-SA-Elis-and-Berendsen-Recommended-Possible-O/74950007
24/5/2017
11:02
sarkasm: Alliance News TOP NEWS: Berendsen Eyes 2018 Earnings Growth, Repeats Elis Rejection Wed, 24th May 2017 10:12 LONDON (Alliance News) - Berendsen PLC shares eased back on Wednesday after the textile services firm reiterated its 2017 profit forecast and guided toward earnings growth in 2018, but also repeated its rejection of the takeover approach by French peer Elis SA. Berendsen shares were down 1.8% on Wednesday at 1,059.72 pence, but shares have retained the majority of the value gained since the offer was made by Elis last week, with shares currently 24% higher than the price of 863.50 pence at the close the day before the offer was announced. The laundry company reiterated its guidance on Wednesday that adjusted operating profit over this year is expected to be around GBP150 million, as it expects an annual drop from the GBP161 million adjusted operating profit reported in 2016. However, Berendsen on Wednesday added guidance that it is on track to return to earnings growth in 2018, forecasting adjusted operating profit of GBP170 million. Berendsen returned to the overhanging issue of the takeover offer made by Elis last week. Elis offered GBP2.05 billion for Berendsen with the aim of creating a pan-European textile and facility services giant - having already been rebuffed by the mid-cap firm twice before. Despite representing a massive premium to Berendsen's value at the time, the company rejected the proposal and said it does not see the basis for "any further discussions" with Elis. Berendsen said it believes that Elis is making an opportunistic attempt to acquire the company whilst it is implementing its investment programme, without reflecting the future value of the costs being incurred, adding it believes the value of the strategy should accrue fully to Berendsen shareholders alone. On Wednesday, Berendsen reiterated its belief that a combination with Elis is not of any interest to it, stating the offer "fundamentally fails" to reflect its full value, would create a business with "significantly higher leverage" than Berendsen would have alone, and create "increased risk" for shareholders. "Berendsen continues to see no basis for discussions with Elis," said the company. "The timing of Elis' approach is highly opportunistic in three ways, all to the detriment of Berendsen's shareholders." "Firstly, Elis' approach has been timed to take advantage of Berendsen's recently depressed share price and valuation," Berendsen said, pointing to the fact that, although the offer was at a huge premium at the time, its share price on May 18 was only around 63% of its highest share price during the preceding 12 months. "Secondly, a significant portion of the consideration payable to Berendsen's shareholders under Elis' proposal is in Elis shares; its approach has also been timed to take advantage of Elis' own share price," Berendsen added, stating Elis had a share price equal to 98% of its all-time high at the time of the offer. "Thirdly, the board believes that Berendsen is at a point of inflection and that selling Berendsen on the terms offered by Elis would deprive Berendsen's shareholders of the full benefit that will accrue from the delivery of its strategy," the company said. Chairman Iain Ferguson said he "firmly believes" that Berendsen has the right strategy, management team and capital structure to deliver significant value for Berendsen's shareholders over the medium-term as an independent company. By Joshua Warner; joshuawarner@alliancenews.com; @JoshAlliance
24/5/2017
10:14
grupo guitarlumber: 24 May 2017 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN ANNOUNCEMENT OF A FIRM INTENTION TO UNDERTAKE ANY TRANSACTION WHETHER UNDER RULE 2.7 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE") OR OTHERWISE AND THERE CAN BE NO CERTAINTY THAT ANY TRANSACTION WILL PROCEED NOR AS TO THE TERMS ON WHICH ANYOFFER MIGHT BE MADE. THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR IMMEDIATE RELEASE 24 May 2017 Berendsen plc Statement regarding Elis' Possible Offer -- Board reconfirms 2017 forecast for adjusted operating profit(1) of approximately GBP150 million -- Board announces 2018 forecast for adjusted operating profit(1) of approximately GBP170 million -- Board continues to believe Elis' proposal very significantly undervalues Berendsen and its prospects -- Board believes the risks for Berendsen's shareholders arising from a combination with Elis are significantly higher than those for Berendsen as an independent company On 3 March 2017, the Board of Berendsen plc ("Berendsen" or the "Company") announced a profit forecast for the financial year ended 31 December 2017 stating that adjusted operating profit(1) for 2017 was expected to be approximately GBP150 million (the "2017 Profit Forecast"). The Board of Berendsen today reconfirms the 2017 Profit Forecast and expresses its confidence in its delivery. Furthermore, the Board of Berendsen today announces a forecast for adjusted operating profit(1) for the financial year ending 31 December 2018 of approximately GBP170 million (the "2018 Profit Forecast"). In relation to the announcement made by Elis SA ("Elis") on 18 May 2017 (the "Possible Offer"), the Board of Berendsen continues to believe that Elis' proposal very significantly undervalues Berendsen and its prospects. Berendsen continues to see no basis for discussions with Elis for the following reasons: 1. Elis' proposal fundamentally fails to reflect Berendsen's inherent value 2. Elis' approach is highly opportunistic 3. The combined business would have significantly higher leverage than Berendsen which would put at risk the delivery of Berendsen's strategy 4. A combination of Berendsen and Elis would significantly increase risks for Berendsen's shareholders Berendsen confirms that it will upload an investor presentation to its website at www.Berendsen.com. Please refer to the Appendix to this announcement for the Directors' confirmation with regard to, and further information on, the 2017 Profit Forecast and the 2018 Profit Forecast, including details of the assumptions on which they were made. As required by the Code, Berendsen confirms that this announcement has not been made with the agreement of Elis. Reasons for rejection of the Elis proposal 1. Elis' proposal fundamentally fails to reflect Berendsen's inherent value As previously stated, Berendsen is currently investing in its commercial and customer service capabilities and accelerating its capital investment in plant and machinery, improving the efficiency of existing plants and investing in plant conversions and new builds, with an expected investment of GBP450 million over three years, of which GBP300 million is growth capital investment. The GBP300 million of growth capital investment is expected to generate a pre-tax return on capital employed of at least 15%, equivalent to an adjusted operating profit(1) of GBP45 million. In addition, Berendsen sees further upside from stronger organic revenue growth. Implementation of the strategy is progressing in line with plan. This strategy has provided the Board with greater visibility and confidence in Berendsen's medium-term growth opportunities and represents a competitive and sustainable platform for future value creation. Berendsen has good momentum in the delivery of its clearly defined strategy, underpinning the Board's confidence in its medium-term targets. This is reflected in the Board today reconfirming the 2017 Profit Forecast of approximately GBP150 million and announcing the 2018 Profit Forecast of approximately GBP170 million. 2. Elis' approach is highly opportunistic The timing of Elis' approach is highly opportunistic in three ways, all to the detriment of Berendsen's shareholders. Firstly, Elis' approach has been timed to take advantage of Berendsen's recently depressed share price and valuation. As of the close on 17 May 2017, being the last business day prior to the announcement of the Possible Offer, Berendsen's share price of GBP8.64 was 63% of its highest share price during the preceding twelve months. Secondly, a significant portion of the consideration payable to Berendsen's shareholders under Elis' proposal is in Elis shares; its approach has also been timed to take advantage of Elis' own share price. As of 17 May 2017, being the last business day prior to the announcement of the Possible Offer, Elis' share price of EUR19.99 was 98% of its all-time high share price. As a result of the above two factors, as of 17 May 2017, being the last business day prior to the announcement of the Possible Offer, Berendsen's proportion of the combined market capitalisations of both Berendsen and Elis was 38.5%. This compares to the average proportion since Elis' IPO in February 2015 of 54.7%. Thirdly, the Board believes that Berendsen is at a point of inflection and that selling Berendsen on the terms offered by Elis would deprive Berendsen's shareholders of the full benefit that will accrue from the delivery of its strategy. 3. The combined business would have significantly higher leverage than Berendsen which would put at risk the delivery of Berendsen's strategy Elis' reported net debt / EBITDA as at 31 December 2016 was 3.4x(2) , significantly higher than Berendsen's reported net debt / EBITDA as at the same date of 1.2x(3) . The combined entity would have a pro forma net debt / EBITDA as at 31 December 2016 of 3.4x(4) . This leverage is significantly above Berendsen's and also above that of the average of relevant European Business Services peers(5) . Berendsen's strategy entails a capital investment programme of approximately GBP450 million over the course of this year and the next two years, of which approximately GBP300 million is growth investment capital with an anticipated pre-tax return of at least 15%. The Board of Berendsen believes that the ability to deliver this investment programme would be put at risk by a combination with Elis given Elis' materially higher leverage. Consequently, the expected benefit of this capital investment programme to Berendsen's shareholders would also be put at risk. 4. A combination of Berendsen and Elis would significantly increase risks for Berendsen's shareholders The Board of Berendsen firmly believes that the Possible Offer raises other significant risks for Berendsen shareholders as follows. Firstly, Elis has not previously acquired a business of the scale and complexity of Berendsen. Berendsen had GBP1.1 billion of revenues in 2016 in comparison to Lavebras, Elis' previous largest acquisition, which had 2016 revenues of GBP84 million(6) . Secondly, an integration of Berendsen and Elis would be highly complex given the two businesses operate across 28 geographies and have approximately 38,000 employees in total. This would be further complicated by the integration processes Elis needs to complete for its recently announced acquisitions in Spain and Brazil. Thirdly, integration risk would be heightened by the fundamentally different business models of the two companies, with Berendsen's operations segmented primarily by business line, and Elis' split primarily by geography. This is likely to cause complications and entail additional costs in the event of a combination of the two businesses where alignment of the distinct operating models would be required. Summary For the reasons set out above, the Berendsen Board continues to believe that the Possible Offer neither reflects the inherent value of Berendsen as an independent company, nor provides sufficient value to compensate Berendsen's shareholders for the risks inherent in the combination. Iain Ferguson, Chairman of Berendsen, said: "We are pleased to underline the Board's confidence in the strategy of Berendsen by reconfirming our 2017 Profit Forecast and announcing a 2018 Profit Forecast of approximately GBP170 million. The Board firmly believes that Berendsen has the right strategy, management team and capital structure to deliver significant value for Berendsen's shareholders over the medium-term as an independent company."
18/5/2017
09:37
kazoom: Hm Elis SA proposes a combination with Berendsen plc hTTp://www.investegate.co.uk/elis-sa/rns/elis-sa-proposes-a-combination-with-berendsen-plc/201705180700174861F/ Part cash / part shares - valued at £11.73 Berendsen's response : The Board of Berendsen unanimously concluded that the Revised Proposal very significantly undervalues Berendsen and its prospects. Berendsen does not see the basis for any further discussions with Elis. hTTp://www.investegate.co.uk/berendsen-plc--brsn-/rns/statement-regarding-possible-offer/201705180830585260F/ Shares up c. 25% to 10.75 (c. 8.5% below the proposed price) Unless the shareholders rebel it looks unlikely there will be a deal at this price. Having a first offer at 11.00 rejected Elis only increased the offer by about 6%. So it seems unlikely to me that there will be a deal - so which way will the share price go from here? (Answers on a postcard please!)
01/4/2017
08:36
mattcookson: Turnaround potential Berendsen’s (LSE: BRSN) share price has slumped by almost 10% since the company warned about the cost of legacy issues from its UK textiles businesses earlier this month. As a result of increased levels of machine downtime, and bottle necks caused by inefficient machinery relating to its UK operations, adjusted operating profit for 2017 is expected to be approximately £150m, down from £161m in 2016. However, looking forward, I’m optimistic about its longer term growth prospects despite recent setbacks. Revenue continues to grow as Berendsen continues to expand into new markets, and the company has a turnaround plan for its lagging UK business — it intends to invest some £450m in improving its operational efficiency. The company has a strong track record in delivering earnings growth, with a five-year compound annual growth rate (CAGR) in earnings per share of over 13.2%. At a current price of 842p, its shares trade at 12.9 times its consensus forecast for full-year earnings per share of 65.1p. That’s a big discount to the sector average of 17.2 times, and seems unfair given its turnaround potential and above-average dividend yield. Shares in Berendsen yield 4.0%, with a dividend payout ratio of 52%. Read full article here: http://www.fool.co.uk/investing/2017/03/16/2-beaten-down-shares-with-dividend-growth-potential-2/
31/3/2017
14:46
grahamburn: This may well be a medium term recovery stock, but IMO the analysts are on reasonably firm grounds when they all seem to agree that the next couple of years will be tough in terms of bottom line results. Improving the performance in the UK isn't going to be a cost-free exercise. Having said that, IMO the board will do all in their power to maintain the dividend pay out. That should support the share price, but any significant uplift in it is unlikely in the short term.
25/3/2017
17:30
grahamburn: I think you have missed the potential drag of the legacy issues in the UK operations which are going to take considerable investment and time to resolve. The full statement spent many paragraphs discussing these issues. I do accept, however, that in the medium term business has genuine potential for income and growth. It's just that, though a long term holder, I do not see much upside in the short term, especially as the share price has - as you say - shown some recovery since the results. PS The fact that the ex-dividend date is fast approaching doesn't necessarily mean there will be uplift before then. Save for a very few income funds, there is little point for the average investor to buy now simply to get a little of your own money back in a few weeks time in the form of a dividend. Far better to buy cheaper after the ex date!
25/3/2017
13:50
grahamburn: No need to look anywhere other than advfn - the RNS is listed under the News Tab as usual. The buy is, indeed, significant and substantial. However, in the current uncertain climate and based on the recent results, IMO any significant rise in the share price is unlikely - though you can always be an optimist until the real world kicks in.
04/3/2017
08:37
blueliner: 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.
06/10/2012
23:26
philanderer: 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. http://www.director.co.uk/MAGAZINE/2012/10_October/stock_options_66_02.html
Berendsen share price data is direct from the London Stock Exchange
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