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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Zenith Hygn. | ZHG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 11.75 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 11.75 | 11.75 |
| Top Posts |
|---|
Posted at 03/3/2008 13:51 by premiumdeal HarrisdoddTotally agree. Surely that is their job. Sounds very suspicious. We have a new finance director to sort this mess out but my confidence is low. Recently he has come in for a right pasting from investors at previous Co. |
Posted at 26/2/2008 13:45 by andrbea maybe the new directors should buy some shares and restore some investor confidence?an article (from the 25th): /.... Gavin Gracie, who has significant turnaround expertise, according to Zenith, will take up the full time role of CEO and Simon Barrell will take on the chairmanship in an acting capacity. The two new appointments were just a small part of the group-wide restructuring that Zenith has implemented, including the appointment of a new FD and finance team, the appointment of consultants to review of warehouse and distribution operations and new management teams across all areas. The company said it has also introduced new systems and controls and increased banking facilities to provide adequate working capital headroom. "As a result, costs are being better controlled, margins are increasing, customer service is improving, but, the major impact of the changes that have been made will not be fully realised until fiscal year 2009," it said. |
Posted at 03/4/2007 21:10 by cortez 'Allders, Courts, Railtrack, and now Kookai franchisee Forminster (LSE: FORM). All these companies have gone bust in recent years. For me, the demise of these companies merely confirms the assertion that investing in shares can be risky. Some companies will fail, and your investments can become worthless overnight. Unfortunately, there are no electronic devices that you can buy that will alert you when you approach a death trap. Instead, it is important to regularly monitor a range of vital signs which can provide early indications that a business may not be performing as well as it should. These include deteriorating financial ratios, declining margins, shrinking shareholder equity and heavy dependence on short-term financing. However, in my view, the biggest problem of all is debt, which, more often than not, can provide the killer blow to most businesses. For shareholders, there is nothing worse than watching a company struggle to meet its borrowing obligations. But how can you tell if a company has too much debt? By and large, the best way is to check a company's interest cover. This ratio is calculated by dividing the company's earnings before interest and tax by its interest bill. The lower the ratio, the more the company is burdened by debt expense. As a general rule of thumb, when a company's interest cover falls below 1.5 then its ability to meet interest payments becomes questionable. Additionally, an interest cover of less than 1 indicates that a business is not generating enough operating profit to even cover its interest payments! A quick trawl around the market reveals a few interesting examples of companies that may be too heavily indebted. Plant-hire firm Ashtead Group (LSE: AHT), which is valued at £740m, has borrowings of almost £500m. Last year, Ashtead paid out £42m in interest, which ate up a huge chunk of its operating profits of £58m. While interest payments were covered 1.4 times by operating profit, there was nothing left to distribute to shareholders after taxes were paid. Invensys (LSE: ISYS) is another company that is barely generating enough operating profit to cover its interest expense. Last year, the engineering company reported operating profits of £175m, of which £136m was paid out in interest. Elsewhere, car dealer HR Owen (LSE: HRO) looks ready to blow a gasket with interest payments covered just 1.3 times by operating profits. And the result of failing to make ends meet was spelled out by sausage maker Canterbury Foods (LSE: CBY). With an interest cover ratio of just 1, a modest downturn in sales quickly tipped the food producer into administration. Of course, not all companies that skate on thin ice will end up in bankruptcy. Provided a business has enough disposable assets, a company can survive until revenues and margins pick up again. However, given that investing in shares is already risky, prudent investors could do a lot worse than to steer clear of heavily indebted companies especially given that there are plenty of healthy businesses on decent valuations to choose from.' |
Posted at 24/11/2006 21:38 by chazza454 I don't read it as customers lost I read it merely as the takeovers taking longer to bed in and produce than was first expected and as such all the expected profit will come through but delayed.Why do you say that you hope its not an MBO ? As long as others are watching and investors don't get spooked and sell cheap then the full price will have to be paid or outsiders will enter the bidding. To date the MM's have picked up a pile of cheap stock in 2 days ready to cash in later. There would at present seem to be no justification for the degree of markdown in this Company |
Posted at 23/11/2006 16:13 by kenmill DiogenesI see no reason to assume that forecasts for next year as well as this year are shot to pieces. "in line with management expectations" is a standard phrase used by most companies. It is rare to give detailed forecasts these days and "in line or otherwise with market expectations" is mainly used in connection with profit warnings. For your suggestion to be true would mean that they are referring to their revised expectations after the profit warning. They use the phrase twice to refer to how they are performing now that the new companies have belatedly been fully integrated and also in relation to the current years trading, following it up by saying they have confidence in the current years trading. Unless they are lying (which is a possibility but not a probability) the company is now back on track. It is up to individual investors now to decide for themselves whether the company's credibility is shot or whether this is just a blip. |
Posted at 13/9/2005 15:03 by cravencottage They appeared to get a buy in Growth Company Investor too.Zenith Hygiene - BUY Companies: ZHG 19/08/2005 Zenith, focused on supplying cleaning products to clients in the food service and hospitality industries, has strengthened its hand in the growing nursing home sector with the £500,000 acquisition of Renaissance. To fund the deal, chairman and chief executive Ringo Francis splashed out £250,000 in cash, issuing loan notes to satisfy the balance. Renaissance supplies laundry and cleaning products to the healthcare and nursing homes sectors, and Francis says the acquisition will enhance earnings in the first full year its largest customer, accounting for the bulk of sales, is a well-known nursing home operator. Francis aims to drive up margins by manufacturing laundry chemicals in-house at Zenith's plant in Northern Ireland, which was brought on board through the 'critical' 2004 acquisition, SB Chemicals. Zenith can also improve profits by stripping out £200,000 of duplicated costs. Back in May, Zenith's maiden interims to end-February revealed a 23% sales jump to £10.5m, and improved pre-tax profits of £294,000 (£44,000), swelled by business with the likes of Nandos and Pizza Express. Two acquisitions were made shortly after the £4.5m February float: Kent-based Quantum Hygiene, which brought a customer base with an excellent strategic fit, and MP Chemicals. Analysts are gunning for earnings of 9.9p for the full year, placing Zenith on a forward multiple of 16 times. Francis says he can grow sales, forecast to reach £25.5m this year, to £100m within four years, in a hugely fragmented market. Buy for further growth. |
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