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Berendsen Share Discussion Threads
Showing 301 to 323 of 325 messages
Questor: a 'boring, resilient business', untouched by the recent rally – and undervalued
|Trading Statement: Thurs 27th April .|
|Well someone did light the fire beneath the share price Oversold imo to start with.|
|ah right, thank you.|
|Exane upgrade, outperform PT 950p FWIW.|
|Goodness, was not expecting that )).|
|Berendsen: Numis initiates coverage with Hold and a target price of 695p.|
|Welcome, luck with your holding.|
|Cheers for that Essentialinvestor.It was worth listening to.The underinvestment in plant and machinery is not unique to a company like this.However,the operational problems have been recognised and they're being addressed.With debt of just over £400m,Mr Drummond seems anxious to massively increase capex and solve all the issues, be they legacy ones or not,overnight! He appreciates he can't do this,but it does show a degree of urgency i like to see in management.Regarding the issue of personnel,several analysts have highlighted this is a 'people business' and personal relationship between depot managers and customers is vital.I'm not minimising the importance of customer service,but having been in a customer-focused business i think goodwill and customer loyalty is greatly over-emphasised.Cost is the most important consideration in these financially straitened times and being able to provide a consistently good level of product and service is the important consideration.I will see if there is a sell-off post the ex-div date and review a further investment then.Thanks again,much appreciated.|
|baron, conference call worth a listen, on the investors site.
Looks like it may lower for now imv, added a small amount at 7.26.
Intend to stick to my plan of adding in just small amount at certain levels, if available.|
|Having an interest in 'boring' long-term investments (Dairy Crest,large amongst them) I couldn't resist investing here at these levels.With the BOD likely to preserve dividend as a priority,the yield is too good to ignore.I agree with grahamburn that 'the next couple of years will be tough in terms of bottom line results',but with article 50 now triggered with two years of negotiation with the EU starting,a least we know where we are with this share going forward and the bad news is in the share price now.To a degree a bad case scenario is priced in now.How many other company sp's can say that with no trade deal with the EU yet? All shares are a risk,but there's always going to be a need for services like Berendsen provide imho.|
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/|
|graham, very fair summation imv.
You could also ask how on earth was the UK underinvestment not highlighted/ dealt
|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.|
|Silchester investors - RNS
Just upped their stake here to 5.3%
Prudential now owns more than 7% BRSN stock....... Check latest RNS Dated 27 March 2017. Also, RSI of 20 = massively oversold. Plus Low beta 0.63 - This was also important when buying in here although the manipulative broker downgrades in recent days resulted in panic selling and senseless/unusual volatility. I would still class this as a defensive share though - the demand for laundry services in hospitals etc. will remain come what may and regardless of Brexit! Good buying opportunity right now in my opinion.
22.5p divi next week, that 5% yield|
|Good, may know BRSN very well then.
Thanks for that, appreciated.|
|Silchester International have been here before, had 16% in 2008 .|
|There may be a buyer if reading that RNS correctly.|
|Best not to fall in love with a stock pm.|
|Berendsen CEO Buys Shares
Great time to top-up, as this is bound to head north from here on, especially as it's goes ex divi on 6th April, 22.5p final divi along with interim divi of 10p this gives a fantastic yield of nearly 5%.
Great time to top-up especially because.....
DIRECTOR DEALINGS: Berendsen CEO Buys Shares Alliance News6 March, 2017 | 12:29PM LONDON (Alliance News) - Berendsen PLC Monday said Chief Executive Officer James Drummond bought around GBP1 Million worth of shares in wake of the textile services provider's profit warning on Friday. Drummond bought 122,840 shares at a price of 820 pence per share on Friday.
Great time to top-up especially because.....
BRSN Chairman bought 25000 shares on Friday last week :).|
|Better start, sold another small amount.|
|Sold a few at the open, may add back later if feeling brave.|
|Brokers are very astute at telling you what to do, after the event! ).|