Berendsen Share Discussion Threads

[dodddy] 26/2/2016 08:24

results and forward statement look ok. chart break out to new highs now

[dodddy] 24/2/2016 14:58

added a few more today at 1144

[dodddy] 22/2/2016 16:11

doji year in 2015, 2016 could be a major break of that consolidation, just starting now.

[dodddy] 22/2/2016 08:09

breaking to new highs now

[dodddy] 17/2/2016 11:54

added a few more today 1127 target is £16 short to med term

[dodddy] 15/2/2016 14:39

added again today 1112

[dodddy] 12/2/2016 08:19

been adding to these for last few weeks as a medium to long term hold.

*BERENDSEN RAISED TO OUTPERFORM VS NEUTRAL AT CREDIT SUISSE

[blueliner] 31/7/2015 21:03

From Master Investor...

Textile services specialist Berendsen (BRSN) recorded revenues of £493.7 million over the half year ended 30th June, a 5% decline from last year's level caused by adverse currency movements. Profits before tax dropped by 4% to £48.5 million, but management decided to increase the interim dividend by 5% to 10p. Berendsen shares rose by 23p to 1,023p.

[luckymouse] 04/5/2015 21:00

theres an old neckline/buy zone at around 1000

[waldron] 30/4/2015 12:36

not a high flyer despite the venue

[blueliner] 30/4/2015 10:18

Down -4.5% this morning
Suspect market not liking CEO Ventress 'retiring' rather than todays inline Trading update.
Doesn't say much for his successor.

[waldron] 13/2/2015 20:55

2015
Final Results

27 February 2015


Trading Update *

30 April 2015

- for the 3 months ending 31 March 2015.

AGM

30 April 2015

11 am at the Royal Aeronautical Society, 4 Hamilton Place, London, W1J 7BQ.

Final Dividend Payment *

8 May 2015


Half Yearly Report *

31 July 2015

Announcement for the 6 months ending 30 June 2015.

Interim Dividend Payment *

9 October 2015


Trading Update *

30 October 2015

- for the 3 months ending 30 September 2015.

Pre Close Trading Update *

18 December 2015

[mechanical trader] 29/8/2014 19:40

Still hasnt fallen back into the trading range.

Still hope here come monday.

Think the US are on holiday on that day.

[blueliner] 29/8/2014 19:25

Re Today's Half year Report: comment via M o n e y A m

Sterling strength also hurt textile rentals and laundry firm Berendsen (BRSN), slicing 1.65% off its shares to 1072p. Chairman Iain Ferguson expected good FY underlying progress, but warned results were likely to suffer from sterling strength. EPS rose 10% to 23.1p in H1.

[mechanical trader] 19/8/2014 08:19

Gone long, SL 1048, initial share price target 1146p.

[mechanical trader] 18/8/2014 16:57

BRSN broken out today, will buy if positive tomorrow. Just a little further confirmation needed.

[blueliner] 02/7/2013 07:23

Trading Update this morning:



The Board of Berendsen plc ("the Group") issues the following statement before entering its close period for the half year ended 30 June 2013 and prior to its Half Year Results announcement, which will be issued on 23 August 2013.

Trading in the first five months of the year has been in line with expectations. Reported year on year revenue growth was 7% for the Group, including a 3% benefit from foreign currency exchange and a 2% benefit from acquisitions. Our Core Growth businesses reported year on year revenue growth of 9% and underlying revenue growth of 3%.

We delivered an encouraging improvement in operating margin and, helped in part by lower interest costs due to our strong cash flow, our underlying profit before tax for the period was well ahead of last year before the positive impact of currency translation.

Our free cash flow remains strong, with conversion of our profit after tax into free cash flow at over 100%.

We will deliver a good result for the first half of the year and the Board continues to expect to achieve another year of good progress in 2013.

Very upbeat.
Beginning to question cashing in of 45% of my holding in March 13.

[blueliner] 06/3/2013 07:41

BRSN Barclays Capital Overweight Old TP 568.00 New TP 800.00 Retains

[blueliner] 05/3/2013 20:26

From Live Charts..

Berendsen: Panmure Gordon moves target price from 582p to 760p, while staying with its hold recommendation. Cantor Fitzgerald raises target price from 625p to 650p and leaves its hold recommendation unaltered.

New high today 725p

[blueliner] 21/12/2012 21:02

From HL press comment

The word that analysts tend to use about Berendsen is "reliable". This is the old Davis Service Group, providing washroom services to hotels, hospitals and the like and unwilling to divert its energies into riskier areas elsewhere. Yesterday's trading statement showed revenues increasing by 2%, excluding foreign currency effects, in the first 11 months of the year, which is about where they have been growing for the first three quarters, and margins improving. The question is where it can all go wrong. About 40% of the business is in the UK, but the rest is in northern Europe, with some exposure to the Eurozone - the latest acquisition, for example, was in the Netherlands, though much of the business is in Scandinavia.

The company reckons to have enough in the tank, in terms of work won but not yet contributing, to counter any reasonable economic deterioration. The company is performing well on cash conversion - more than £100 million of free cash flow in 2012 - which along with those falling European currencies will help to cut debt. The shares have been stellar performers, up by more than a third this year. They sell on about 11 times' earnings, with a forward yield of more than 4%. Up with events for now, but a good long-term hold, Tempus believes.

[onlyonestorm] 12/11/2012 11:46

Looking to get back in the 60's

Stormy

[essentialinvestor] 12/11/2012 11:45

phil, well done, very nicely traded.

[philanderer] 12/11/2012 11:23

Taken my profit this morning but keeping on the watchlist.

Luck to all.

[philanderer] 02/11/2012 17:17

A good week and still a nice yield of around 4.25% at this price