||EPS - Basic
||Market Cap (m)
Real-Time news about Business Post (London Stock Exchange): 0 recent articles
|whowants2bamilionare: Well I am and a share holder and our company has used Business Post Slough for overnight collections for some years.
In recent months how ever, after booking a collection, on 4 occasions and today again the driver simply did not turn up. Trying to contact and get through to BP Slough after 18.00, to find out why the parcels have not been collected or if the driver is running late, is a complete and utter farce.
All you find is a answer phone that holds you in a cue for 15 minutes and cuts you off, after waiting for 'customer services' to answer the phone.
Today it happened again. We finally managed to get hold of a lady called Angela at Slough who confirmed a booking was made. She said she had to speak to her boss Kelly and finally at 18.40 we were told surprise surprise 'sorry but we cannot get hold of the driver' and 'we will look into it tomorrow'! in other words, sorry your overnight parcels will not be collected today!
This is not the first time this has happened and I wonder how much business is lost by BPG because of other customers having similar experiences and change overnight carriers. We have now started to use another overnight carrier on a trial basis, alongside BPG. This kind of service and attitude maybe explains why the share price has been dropping. Rant over....................|
|maris: You have to admire this share. Up about 3% on the back of 8,800 shares traded. In fact share price opened about 2 1/2 % up from close on Monday. Why?|
|fitton: Be very carefull with this stock.As mentioned on the 22/9/06.The share price was 425 now 405.|
|chrisgail: As a customer I am aware that failing depots have been taken back into company control, in some cases with area managers running them for a while, this does in the short term improve service, but sadly once the managers go it soon returns to its old level of 'service'.
mdp963 you will know that they did try, seriously to improve around 2002-03 and so did the share price. I do not see that 'serious' attitude at the moment.
You might be asking why do I remain acustomer? My local depot does work hard at customer satisfaction, its the other weak links that let them down.
Is it 'simple wrong' to say a company does not care about its Customers, if they can not bring themselves to mention them in a strategy statement? I think not.
One other thing, when they sent out customer satisfaction surveys (they dont now), I allways used to add, in the any additional comments section, I will be happy to pay and extra 50p to £1 a parcel for 'better service'. That was an increase of 5 - 12% I can't be alone in that view, does this mean more profit and happy customers and shareholders? I think so.|
|warranty: mdp963, exellent and informative post and good to get a more knowlegable inside view on the company and clientelle. I too believe disposing of underperforming franchisees is a major step forward as is taking the cost up front to clear the decks.
I think the share price should now react strongly on the back of this initially up to the £5 mark and then we'll see how trading goes. Should hopefully be some positive broker upgrades to follow shortly as well.|
|ken50: I still think consolidation in the postal sector will start now tha market has opened up.Even if BPG isn't the first to be taken over it will certainly be on a list of potential targets.Its network has a lot more value to a competitor than its share price suggests.Imagine all the sales and admin costs that could be stripped out.|
Thanks for that. I understand your concerns but after two profit warnings, they should all be in the "more than halved" share price by now (I hope!). The change in management is further evidence of the closer look the kanes must had which prompted me to buy (PS. I am already in profit ;-) but planning to hold long term).
Of course I could be completely wrong, but again maintaining the high dividend (6%) provided an incentive to my long term decision.
Best of luck.|
|horsemike: The future of the share price lies I believe in how well the home postal service is progressing. We will find this out with the results on November 15.
Given the competition (Royal Mail) there is surely grounds for optimism that they will reach their 3% target ahead of time (end 2007). £150m turnover in this division compares to a sales figure of 233m in year ending March 2005 for the total company. So conservatively we are looking at something like a 50% increase in sales within 2 years. Now increased sales does not necessarily mean increased profits, but it certainly will transform this company.
This growth potential was reflected in the £7 share price. The profits warning (relating to business parcel service)has not changed this picture.
Thats why I feel the current price is undervalued. Broker projections of PE and yield are:-
Year ending 31/3/05 PE 26 Yield 2.9 Actual
" " 31/3/06 PE 15 Yield 5.4 Forecast based on price £3.45
" " 31/3/07 PE 11 Yield 5.8 " " " " "
I could be wrong, but I do not see them cutting the div in 2 weeks time. So here we have a share with value today and the potential for a return to a share price well above its current levels.|
|long and short: Gucci
As profits have retrenched to where they were more than three year's ago, I guess the share price could well fall to where it was three year's ago.
Certainly the current share price is very high unless you believe the company will bounce back in the year commencing 1 April 2006. Personally, that may be a bit over optimistic in view of the slowing UK economy.|
|long and short: Even for a takeover, the share price is still far too high. With the reduced profit forcast the shares, at about 480p, are trading on a forward mutliple of about 23. That is before any further deteriotation in trading that might occur in the next few months.
At 380p you might get some interest.|
Business Post share price data is direct from the London Stock Exchange