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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Johnson Service Group Plc | JSG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.80 | 0.61% | 131.80 | 14:47:26 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 130.00 | 130.00 | 133.40 | 131.00 |
| Industry Sector |
|---|
| SUPPORT SERVICES |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 05/03/2024 | Final | GBP | 0.019 | 11/04/2024 | 12/04/2024 | 10/05/2024 |
| 05/09/2023 | Interim | GBP | 0.009 | 05/10/2023 | 06/10/2023 | 03/11/2023 |
| 07/03/2023 | Final | GBP | 0.016 | 13/04/2023 | 14/04/2023 | 12/05/2023 |
| 01/09/2022 | Interim | GBP | 0.008 | 06/10/2022 | 07/10/2022 | 04/11/2022 |
| 03/09/2019 | Interim | GBP | 0.0115 | 03/10/2019 | 04/10/2019 | 01/11/2019 |
| Top Posts |
|---|
Posted at 06/3/2024 21:33 by wad collector Yes , back to pre-results levels. Good to see a bit of a divi hike even if it's not exactly an income play.Mind you the heady days of 2004/5 make this a reminder of what can go wrong . |
Posted at 19/10/2023 11:02 by philanderer Another rubbish day for JSG :-S |
Posted at 08/9/2023 14:07 by philanderer Here's Berenberg's guess ;-)Berenberg: Johnson Services in an upgrade cycle Textile rental company Johnson Service Group (JSG) is in the middle of an upgrade cycle, says Berenberg. Analyst Calum Battersby retained his ‘buy’ recommendation and target price of 155p on the Citywire Elite Companies A-rated business, which was trading at 131p on Thursday. He said first-half results showed ‘clear support for our investment case’. ‘A combination of price increases, strong volume performance, improving spot energy prices and ongoing efficiency savings led to material year-on-year profit growth – against an admittedly pandemic-affected prior-year period – and another upgrade to full-year 2023 expectations, just six weeks after the last trading announcement and upgrade,’ he said. He also pointed out that within the results the board said each of its divisions can recover pre-Covid margins in the medium term. Battersby said this suggests ‘significant upside to future forecasts as this recovery plays out’. The acquisition of Celtic Linen for €31.5m (£27m) and the £10m extension of the group’s buyback programme also showed ‘the range of options available to the company in terms of capital deployment, driving further upside to group earnings’. ‘Overall, Johnson Service Group is in the middle of an upgrade cycle that we expect to continue for some time, more than justifying the current valuation of 13.8 times 2024 price/earnings,̵ citywire.com |
Posted at 05/9/2023 08:48 by my retirement fund This smells of the past repeating itself. No return to shareholders, laughable dividend, working capital chucked at share buy backs and serial aquasituons, now increasing banking facilities to do even bigger deals. I remember full well when they bought Sketchlys which resulted in existing shareholders being completely wiped out by emergency dilutive fundraising. |
Posted at 07/8/2023 11:03 by philanderer Johnson Service’s first half recovery impresses BerenbergVolume and margin recovery is playing out at textile rental company Johnson Service Group (JSG), says Berenberg. Analyst Calum Battersby reiterated his ‘buy’ recommendation and target price of 155p on the stock, which dipped 2.6% to 111.6p last week. First-half results from the group showed ‘perfect evidence of our investment thesis’, said Battersby, as it upgraded full-year expectations given both volumes and margins coming in ahead of prior assumptions. ‘Our view remains that consensus forecasts for Johnson Service are highly conservative, that volumes from the pandemic-affected prior periods will rise materially year on year, and that the company will continue to see operating margins steadily recover towards the 15% achieved pre-pandemic,’ he said. Inflated energy costs may be providing a headwind but falling gas and electricity prices ‘imply a significant profit tailwind’ in the second half of this year and next year. ‘We believe that ongoing efficiency savings and price increases will drive a further margin recovery thereafter,’ said Battersby. citywire.com |
Posted at 14/7/2023 13:34 by km18 Johnson Service Group issued a pre-close trading update this morning. Group revenue in the six months to 30 June 2023 is expected to be £215.0 million and up 20.6% on an organic basis on 2022 levels. Performance was strong in both Workwear business atf £71.0 million (2022: £66.0 million) and in HORECA £144.0 million (2022: £110.2 million). Whilst inflationary pressures continue and energy markets remain volatile, management now have more certainty on the cost outlook in the short term and therefore are confident in reporting full year adjusted operating profit slightly ahead of current market expectations. Valuation is average, the balance sheet is strong, profitability ratios are decent. Share price has bounced this morning, but lacks more medium term momentum for now. JSG is a share to monitor for the time being......from WealthOracle |
Posted at 16/3/2023 11:32 by philanderer Johnson Services to recover lost margins, says BerenbergTextile rental group Johnson Services (JSG) is a market leader that is set to deliver profit recovery, says Berenberg. Analyst Calum Battersby reiterated his ‘buy’ recommendation but reduced the target price from 180p to 155p on the stock, which fell 2.9%, or 3.4p, to 115.4p on Wednesday. Full-year results were in line with upgraded expectations, confirming the group is ‘experiencing a strong recovery in revenues offset by material inflationary pressures, in particular from energy and labour’. ‘While this means we reduce our future forecasts, we consider the group’s outlook highly encouraging,’ said Battersby. ‘Alongside a continued recovery in revenues from the pandemic-impacted prior periods, we expect Johnson Services to recover its lost margins over the coming years, made possible by the group’s significant scale advantages and greater ability to invest in more efficient technologies compared to smaller peers.’ He said the ‘recovery story will play out over coming years’ and combined with a strong balance sheet means there is ‘upside to both future forecasts and the company’s rating from here’. CITYWIRE.COM |
Posted at 07/2/2023 21:06 by wad collector I think the logic for the buybacks is the same as for BP and Shell. The management is trying to protect us shareholders from a windfall tax by not increasing the dividend and then the press won't protest about fat cats trousering big profits. |
Posted at 25/1/2023 21:09 by my retirement fund Yes, they are going to struggle with higher energy inputs eventually, though so quite how far these can go is a conundrum. Buying back shares at an elevated rate rather than keeping cash for keeping the estate fresh and revamped and paying a dividend would be sanity, increasing eps by reducing equity does not smack of a management bunch of businesses savvy people |
Posted at 13/1/2023 13:11 by wad collector 'JSG' or 'the Group')Pre-Close Update "Full year outturn is expected to be in line" JSG, a leading UK textile services provider, today releases an update on trading. Trading continued to improve during the second half of 2022, and we expect to announce full year revenue of approximately GBP385 million (2021: GBP271.4 million). Revenue in our Workwear business is expected to be GBP134.5 million and in HORECA, GBP250.5 million. On an organic basis, revenue is expected to have increased by almost 40% on 2021 levels and, on the same basis, be 2.6% higher than the pre-pandemic revenue posted for 2019. HORECA volumes have increased slightly and were over 93% of normal in the final quarter, helped by the installation of new customers during the second half. Whilst cost inflation remains a challenge, we continue to take appropriate actions to mitigate the impact. We have also traded further in the energy market such that some 65% of our anticipated gas requirement and 55% of our anticipated electricity requirement for 2023 is now fixed. Year end net debt, excluding IFRS 16 liabilities, is expected to be approximately GBP14 million. The share buyback programme announced in September is ongoing with GBP5.6 million of cash utilised as at 31 December 2022. The full year outturn is expected to be in line with current market expectations. Full year results are expected to be announced in March 2023. |
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