Bunzl Share Discussion Threads

[global mega boom] 20/10/2012 22:58

well if were allowed two numbers im thinking 977 or 920 might be support levels, Monday opens looking bad so could come early doors, time will tell

all imo and :)

[global mega boom] 20/10/2012 22:05

:) not sure, i'll have a look... i know 1168 was bang on 30x P/E so looks like that's were their selling it

[miata] 20/10/2012 21:52

Yes J it has temporarily. 1000 area would be a buy.

[global mega boom] 20/10/2012 20:40

has this lost its mojo?

[miata] 28/8/2012 09:08

Distribution and outsourcing group Bunzl said revenue rose to £2.612bn in the half-year to end-June (2011: £2.442bn), an increase of 7% at constant exchange rates, which was driven by strong organic growth, particularly in North America and Rest of the World, together with the effect of acquisitions net of the disposal of the UK vending business in August last year.

Operating profit before intangible amortisation and acquisition related costs was £165.1m (2011: £152.2m), up 9% at constant exchange rates, with the improvement in the Group operating margin being driven by the impact of the acquisitions completed in 2011 and the sale of the UK vending business.

Profit before tax, intangible amortisation and acquisition related costs and the loss on disposal of business was £151.7m (2011: £138.8m), an increase of 10% at constant exchange rates, and adjusted earnings per share on the same basis were 33.7p (2011: 31.0p), a 10% increase at constant exchange rates. Earnings per share were 26.5p (2011: 24.9p), up 7% at constant exchange rates. Overall adverse currency translation movements reduced most Group growth rates by around 1%.

The Board has decided to increase the interim dividend by 9% to 8.8p.

Michael Roney, CEO, said: 'Even though we have continued to face a challenging marketplace, I am pleased to report another strong set of results. Once again our established strategy of developing the business both organically and through targeted acquisitions has delivered good growth in revenue, profits and earnings.

'Looking forward, we believe that Bunzl's strong competitive position and resilient customer sectors, together with opportunities to consolidate further our markets as we expect to complete more acquisitions later this year, should enable the Group to show continued good growth and development.'

[miata] 21/8/2012 10:13

21 Aug Bunzl PLC BNZL Oriel Securities Add 1,110.00 1,108.00 1,200.00 1,200.00

[miata] 14/8/2012 17:54

14 Aug Bunzl PLC BNZL JP Morgan Cazenove Overweight 1,113.00 1,110.00 1,130.00 1,250.00

[miata] 09/8/2012 15:22

New high, 1168p. Time to take some profits.

[miata] 06/8/2012 13:26

New high 1154p.

[miata] 01/8/2012 12:01

Over 1130p, new high and up 33% since March. I hope nobody is still short from then.

[miata] 20/7/2012 11:47

Shorts squeezed into OpEx. (New high 1118).

[miata] 16/7/2012 11:16

Reliable growth to new highs.
........... 5 Year 3 Year. 2 Year 1 Year. 6mth. 3mth .1mth
BNZL £10.74 55.09% 103.41% 51.69% 35.26% 21.70% 7.62% 3.07%

[miata] 05/7/2012 09:40

Bunzl expands in Switzerland. New high.
05 Jul Bunzl PLC BNZL JP Morgan Cazenove Overweight 1,078.00 1,073.00 1,130.00

[sanks] 09/5/2012 12:58

Its getting a nobbing..like WEIR
Hope i'm helping

[miata] 09/5/2012 10:16

Ex dividend 18.3p.

[northernlass] 08/5/2012 06:26

3 Further Acquisitions

Bunzl Completes Three Further Acquisitions

Bunzl plc, the international distribution and outsourcing Group, has announced that it has completed three further acquisitions in the United States, Israel and Australia.

The Company has acquired FoodHandler Inc. from Barriersafe Solutions International, Inc. Based in Chicago, FoodHandler is a leading supplier of a variety of disposable gloves and other foodhandling products to the foodservice sector throughout the US. Revenue in the year ended 31 December 2011 was $99.4 million and the gross assets acquired are estimated to be $41 million.

Bunzl has also acquired the business of Meichaley Zahav Limited in Israel. Based near Tel Aviv, Zahav is a leading distributor of packaging supplies to the foodservice sector throughout Israel. Revenue in the year ended 31 December 2011 was ILS66.3 million and the gross assets acquired are estimated to be ILS31 million.

Finally, the Company has purchased the Queensland based redistribution operations of Star Services International Pty Limited in Australia. Based in Brisbane and Cairns, the business is engaged in the supply of foodservice disposable products to wholesalers and redistributors throughout Queensland. Revenue for the year ending 30 June 2012 is expected to be A$12 million and the gross assets acquired are estimated to be A$2.5 million.

Commenting on the acquisitions, Michael Roney, Chief Executive of Bunzl, said:

"FoodHandler has a leading position in the provision of products relating to food safety and an excellent reputation for quality, innovation and customer service. The business will complement our existing foodservice operations and expands our product offering and import programme in this sector.

Zahav is our second acquisition in Israel which is a market we entered in 2010 with the purchase of Silco. It is an excellent business with a strong customer base and significantly increases the size of our business in the region.

The acquisition of the Star Services redistribution business is an excellent addition to our existing foodservice supplies operations in Queensland and will allow us to penetrate further into the redistribution sector of this market.

We are pleased to welcome all of their employees to Bunzl."

More info:

www.bunzl.com

[sanks] 04/5/2012 11:19

For the record, i remain a shagger on BNZL and have today initiated coverage with a SELL note to clients advising of a level 4 target well below £7.72.
Clients have also been advise of an easy poodee drip target of below £10, for a quick enhancement of the Shaggers Fund.

Hope i'm helping with this no brainer short...just like i did over at WEIR..it wobbled and dripped big time from its highs. I also remain a shagger on TLW..no brainers are my business.

Please assist to help my fund any way you choose
Sank you
Sanks

[miata] 04/5/2012 09:03

Bunzl's strength is that is has been making SMALL growth enhancing acquisitions for decades almost all of which have been growth-enhancing. DYOR.

[megabear] 03/5/2012 23:49

Acquisition machine. They always fail. Ridiculous price. Looks like easy short. Sheila knows.

[miata] 03/5/2012 17:52

Help: advice per post 82.

[sanks] 03/5/2012 17:30

My level 4 shorting poodee alarm just went off..so i put in Sheila straight into the markets battlefield at £10.64
With a pe approaching 30...sorry, but this is a no brainer poodee poodaa.

I still have many birds left to help my female soldiers battling within this rampant bubble to bring home the £'s to my Shaggers Fund.

Please help in any way you can
Sanksalot

[miata] 03/5/2012 16:41

Touched 1070p today.

[brain smiley] 02/5/2012 09:22

re-rating continues.

[miata] 01/5/2012 17:39

Stops allow you to control restlessness and let your profits run, just keep moving them up.