Bunzl Share Discussion Threads

[gnnmartin] 01/5/2012 13:53

I'm getting a little restless here. I put some of my daughter's money into these a while ago expecting her to keep them for ever, but the rise has been so steep since that I can't help feeling a setback is overdue.
Nigel Martin

[miata] 01/5/2012 10:07

New high, 1039p.

[mallorca 9] 30/4/2012 09:12

Looks ready for a return to the 200 SMA at around £9

[mallorca 9] 30/4/2012 08:57

Two significant sales - both reported in Moneyweek on line.

[mallorca 9] 30/4/2012 08:51

I see that two Directors have sold at around £10.25 !

[miata] 18/4/2012 14:32

Bunzl dipped despite reporting that overall trading since the start of the year has continued to be strong and consistent with expectations.

[miata] 02/4/2012 16:41

Closed up 24p (2.4%) at new high of 1028p.

[miata] 26/3/2012 16:50

Closed up 16.5p (1.7%) at 1013p.

[taximania] 18/3/2012 17:08

cruel very cruel :-)
stuck at a tenner for now , this short is with two way spreads which appear to have gone belly up so i will hold it a while yet .

[miata] 16/3/2012 10:33

Reached £10.07/£10.08 after quarterly options expiry.

Quote of the month
taximania - 8 Mar'12 - 18:30 - 82 of 87
hate it when i go short on a miata share

[miata] 13/3/2012 09:16

13 Mar Bunzl PLC BNZL Shore Capital Buy 1,000.50 - - Retains

[miata] 12/3/2012 15:57

Brian May, Financial Director, sold post-exercise 157,201 shares in the company on the 9th March 2012 at a price of 991.00p. The Director now holds 105,240 shares.

He should have waited, more to come.

[taximania] 08/3/2012 19:30

yes , generally if you went on brokers i would say its a negative veiw ...not that that really matters most of thetime :-)

Date Company Name Broker Rec. Price Old target price New target price Notes
05 Mar Bunzl PLC UBS Neutral 986.00 - 940.00 Retains
01 Mar Bunzl PLC Goldman Sachs Neutral 986.00 940.00 940.00 Retains
01 Mar Bunzl PLC Alexander David Securities Sell 986.00 - - Reiterates
29 Feb Bunzl PLC Citigroup Hold 986.00 800.00 1,000.00 Reiterates
29 Feb Bunzl PLC Goldman Sachs Neutral 986.00 904.00 940.00 Retains
29 Feb Bunzl PLC HSBC Neutral 986.00 940.00 1,005.00 Downgrades
28 Feb Bunzl PLC Jefferies International Underperform 986.00 730.00 845.00 Reiterates
28 Feb Bunzl PLC Credit Suisse Underperform 986.00 765.00 865.00 Reiterates
28 Feb Bunzl PLC Oriel Securities Add 986.00 - 1,020.00 Reiterates
28 Feb Bunzl PLC Deutsche Bank Buy 986.00 904.00 904.00 Retains
28 Feb Bunzl PLC Barclays Capital Equal weight 986.00 880.00 960.00 Reiterates
28 Feb Bunzl PLC JP Morgan Cazenove Overweight 986.00 985.00 1,050.00 Retains
28 Feb Bunzl PLC Morgan Stanley Underweight 986.00 785.00 925.00 Retains
27 Feb Bunzl PLC S&P Equity Research Hold 986.00 850.00 970.00 Retains
27 Feb Bunzl PLC Jefferies International Underperform 986.00 730.00 730.00 Reiterates
27 Feb Bunzl PLC Charles Stanley Accumulate 986.00 - - Reiterates
27 Feb Bunzl PLC Panmure Gordon Hold 986.00 813.00 1,023.00 Retains
27 Feb Bunzl PLC Panmure Gordon Hold 986.00 813.00 - Under Review
27 Feb Bunzl PLC Numis Add 986.00 910.00 1,036.00 Upgrades
27 Feb Bunzl PLC Investec Buy 986.00 900.00 1,025.00 Reiterates
27 Feb Bunzl PLC Oriel Securities Add 986.00 870.00 870.00 Reiterates
27 Feb Bunzl PLC Shore Capital Buy 986.00 - - Retains
27 Feb Bunzl PLC Seymour Pierce Hold 986.00 880.00 900.00 Reiterates
14 Feb Bunzl PLC JP Morgan Cazenove Overweight 986.00 - 985.00 Upgrades
Evolution Securities Neutral 986.00 835.00 835.00 Downgrades

[taximania] 08/3/2012 18:30

hate it when i go short on a miata share :-)
short from the current price , think the current strength originated from that upgrade to 985 ...not a huge position so can hold for a while ...just wish miata wasnt bullish on it :-)

[miata] 01/3/2012 14:43

LOL. It has yet to go hyperbolic.

[pictureframe] 01/3/2012 14:26

This has to retrace soon

[miata] 29/2/2012 15:44

LOL. Buy growth.

[pictureframe] 29/2/2012 13:44

Way overbought - RSI - almost 90 - Williams% showing overbought. Expect a pull back from here imo.

[miata] 27/2/2012 09:02

Profits at acquisitive distribution and outsourcing firm Bunzl were comfortably ahead of expectations in 2011, with the new bits and the old bits of the company all chipping in with strong performances.

Revenue rose 6%, or 7% using constant exchange rates, to £5,109.5m in 2011 from £4,829.6m in 2010, ahead of the market consensus forecast of £5,066.23m. Organic revenue growth of 4% was at its highest level since 2006, despite lower sales in the UK and Ireland.

Adjusted profit before tax jumped 11% to £306.1m from £276.2m the year before, ahead of market expectations of £287.9m.

Adjusted earnings per share of 68.5p were ahead of the market forecast of 66.36p and up 13% from 2010's 23.35p. The full year dividend has been increased in line with earnings from 23.35p to 26.35p' the market had pencilled in 25.98p for the full year divi.

The group operating margin (before intangible amortisation and acquisition related costs) rose by one-fifth of a percentage point to 6.6%.

"A combination of strong organic growth, good performance from the acquisitions made in 2010 and increased acquisition spend during 2011 all contributed to another successful year," declared Michael Roney, Chief Executive of Bunzl.

Talking of acquisitions, Bunzl is at it again, acquiring Chicago-based CDW Merchants, a retail gift packaging and visual merchandising solutions and products to the speciality retail and online retailing sectors throughout the USA.

Bunzl was being coy about the cost of the acquisition but did reveal that CDW's revenue in the year ended 31st December 2011 was $11.9m and the gross assets acquired are estimated to be $1.3m, so in Bunzl's terms it qualifies as a small bolt-on acquisition.

The pipeline for acquisitions by no means voided as the group continues discussions with a number of potential targets.

Net debt at the year end was £652.9m compared to £716.8m at the end of 2010. The net debt to EBITDA (earnings before interest, tax, depreciation and amortisation) ratio reduced to 1.7 times compared to 2.1 times at the previous year end.

"Looking ahead, even though the outlook for economic growth remains uncertain, we believe that our resilient business model, strong market position and promising acquisition pipeline will continue to provide further opportunities for the growth and development of the group," Roney said.

"In North America we expect continued strong organic growth with stable operating margins. In Continental Europe, while we anticipate lower organic growth compared to 2011 as a result of the reduced economic growth forecasts for many European economies, we will benefit from the positive impact of the acquisitions completed in 2011. In UK & Ireland, in spite of the ongoing sluggish economy, we expect to see an improved performance this year. Rest of the World should experience strong organic growth and the full year impact of the acquisitions made in 2011 will enhance the overall results," Roney predicted.

[aston girl] 14/2/2012 21:46

Agreed MIATA and thank you!

[miata] 14/2/2012 19:19

Time to change your news service?

14 Feb Bunzl PLC BNZL JP Morgan Cazenove Overweight 910.50 - 985.00 Upgrades

JP Morgan upgrade, target 985p from 835p.
"could be a good entry point ahead of FY results on 27 February".

[aston girl] 14/2/2012 19:07

Lovely rise today of 32.50p (3.7%) on no news I can see- anyone else seen/ heard anything?

[poikka] 26/12/2011 15:38

Little bit old news now but Bill Gates has increased his stake. Must like the company - and I agree with him. I've been invested for yonks btw.