Bunzl Share Discussion Threads

[miata] 30/8/2005 10:43

Panmure Gordon reiterates 'buy' with 600 pence target

[miata] 30/8/2005 08:02

Bunzl achieved a 23% gain in first-half profit, buoyed by a spate of recent acquisitions. Profit from continuing operations before tax and goodwill amortisation rose to 87.8 mln stg in the six months to June 30, from 71.6 mln, on sales up 22 pct to 1.37 bln.

A 4.9 pence per share interim dividend is being proposed, up 18 pct.

Bunzl shares closed Friday at 529 pence, valuing the company at around 1.8
bln stg.

The stock has gained 13 pct since Feb 28 when the Filtrona spin-off was
announced.

[miata] 04/7/2005 08:24

Bunzl buys Tecep France, Tecep had sales of 41Eur in 2004. "This is a significant expansion of our presence in the exciting and growing
Central European market," said Anthony Habgood, chairman of Bunzl.

[miata] 30/6/2005 16:59

Smith Barney upgraded Bunzl to "BUY" from "HOLD".

Underlying trading remains solid and valuation on 2006 EPS of 13.6x is undemanding given cash flow and returns profile.

[zulu001] 28/6/2005 10:19

In-line trsding update.

[miata] 15/6/2005 10:23

Wednesday 15th June 2005,
Williams de Broe says buy Bunzl.

[miata] 26/5/2005 07:44

Now 538.5/539.5p. Buyers are all small and resistance is currently around 540p.
If 540p breaks down expect support around 510p.

[zulu001] 17/5/2005 09:55

I'd rather make money than get riveted.

Demerger June 6th.

Bunzl shareholders will get 14 Bunzl shares and 9
Filtrona shares for every 18 Bunzl shares held now.

EPIC (& thread) will be FLTR

[hutch189] 28/4/2005 07:46

riveting stuff here!

[binary2] 28/2/2005 08:17

adds detail throughout)
LONDON (AFX) - Bunzl PLC posted a 14 pct increase in underlying 2004 profit
today alongside plans to demerge Filtrona from the group and the decision to
appoint Christoph Sander as chief executive.
Current CEO Mark Harper will become chief executive of the demerged
Filtrona.
Filtrona, which represents 16 pct of group sales and 24 pct of group
operating profit, will become a stand alone supplier of fibre and plastic
technology products with strong positions in international niche markets. Bunzl
will become a focused international distribution and outsourcing group.
Results for the Bunzl group for 2004 showed profit before tax, exceptional
items and goodwill amortisation of 226 mln stg, up from 212.3 mln in 2003 on
sales up 14 pct to 2.92 bln.
On that basis financial analysts had expected profit of 216 mln stg,
according to a median estimate supplied by the company.
Chairman Anthony Habgood said the full year saw strong results from both
Outsourcing Services and Filtrona, reflecting increasing momentum during the
fourth quarter and a higher level of acquisition spend. He said these results
provide an excellent backdrop to the proposed demerger of Filtrona from the
group.
Profit during the year was augmented by acquisitions, notably French
cleaning and safety products distribution company Groupe Pierre Le Goff.
Bunzl bought the business for 330 mln eur in May 2004 in an effort to boost
its geographical presence in Europe at a time when its main customers are
increasingly looking to source products from a single supplier.
Bunzl, which still earns 62 pct of its revenues in North America, said
adverse exchange rate movements -- mainly a weaker US dollar -- had reduced the
growth rate of sales by about 7 pct and profits and earnings by about 8 pct.
With deliveries of products such as plastic carrier bags and food packaging
items to supermarkets accounting for around 50 pct of US sales, the company has
been further plagued by fierce competition within the US grocery sector.
Major customers such as Wal-Mart Stores Inc have been demanding price cuts.
Habgood said a number of grocery chains remain "under some stress" after
Wal-Mart continued to ratchet up pressure on its competitors.
Net profit rose to 128.6 mln stg from 125.6 mln, while diluted basic
earnings per share climbed to 28.6 pence from 27.2.
The company hiked its final dividend to 9.15 pence per share from 8.5 pence,
the full-year payout climbing to 13.3 pence from 12.1.
Bunzl shares closed Friday at 467 pence, valuing the business at around 2
bln stg.
The demerger of Filtrona from the group will be achieved by paying existing
shareholders of Bunzl a dividend in specie.
The board said it believes that shareholder value will be created through
the demerger process and that Filtrona and Bunzl will be strong businesses in
their own right with good returns and good international competitive positions
which will prosper as individual listed entities.
It hopes to complete the demerger by June.
[e-mail]
rhb/slm/

[jonjwood] 04/2/2005 11:21

excuse me
have a look at this free training from some one who showed me how to trade BUNZL tax free .....

[zadok121] 26/11/2004 12:31

What impact will the fall of the dollar have on Bunzl given that nearly 50% of its earnings come from the US in dollar denominated form?

[zulu001] 08/10/2004 08:37

Bunzl PLC said its full year resuls will be "within the
range" of current market estimates.

[zulu001] 31/8/2004 07:16

Bunzl, the UK-based distribution company, posted a modest rise in first-half profit, just beating market expectations, and signalled a "satisfactory" full-year performance despite the likelihood a weak US dollar will continue to pinch earnings.
Bunzl recorded pretax profit before exceptional items of 102 mln stg, up from 100.8 mln stg in the year earlier as sales rose 2.1 pct to 1.36 bln.
That outstripped the 98.7 mln stg consensus forecast of financial analysts,
a figure which was lowered after the company, which supplies plastic food
packaging to supermarkets and caterers and delivers cigarette filters to tobacco
manufacturers, warned profits would be hit by adverse exchange rates.
Profit rose 10 pct after stripping out the impact of adverse exchange rate movements.
"We have made good progress in the first half delivering double digit growth
in sales, profits and adjusted earnings per share at constant exchange rates,"
said chairman Anthony Habgood.
"The European outsourcing services business in particular demonstrated its
continued evolution into a leading player of substance across Europe making it
the logical partner for international customers and suppliers."
Bunzl in May paid 330 mln eur for French cleaning and safety products
distribution company Groupe Pierre Le Goff.
But the company warned the underlying slowdown in the US grocery sector is likely to continue.
Bunzl earns 62 pct of its revenues in North America, with supermarkets
accounting for around 50 pct of that figure.
The company hiked its interim dividend 8 pct to 4.15 pence per share.
In a separate statement, Bunzl said it has agreed in principle to buy TSN, a
distributor of goods not for resale to the convenience stores sector across the US.
Financial details were not disclosed. TSN had sales in 2003 of 130 mln usd.

[zulu001] 25/8/2004 07:36

Should get a short boost following Rexam's good results.

[zulu001] 18/8/2004 07:34

Its a quick short term buy at 410 now, whatever DB say for the longer term.

[dylanrab] 17/8/2004 18:44

That was a better performance, now wait for the quick push sub £4.20 and I'm out.

[zulu001] 16/8/2004 18:38

Correlation with £/$ - recent $ strength = lower BNZL.

[dylanrab] 16/8/2004 18:37

Still short MT ? Like watching paint dry but its getting there.

[m.t.glass] 15/7/2004 15:42

Now fallen through that 450 level, dylanrab. I'm short from 446p.

[dylanrab] 25/6/2004 21:09

Could be going down fast to £4.20 next week if £4.50 doesn't hold !!!!!!

[dylanrab] 21/5/2004 19:19

Next support £4.50

[zulu001] 12/5/2004 08:04

Risen to 478p now.

[hijeff] 03/5/2004 20:55

xd this week,big drop seen coming wednessday.be warned.

[josephrobert] 02/4/2004 15:07

Mmmm, I believe that all price movements show something. And while the three year trend may have been impacted by the dollar:pound, that is not the only reason. And even if it was, it doesn't mitigate that this stock can be profitable traded in this downward trend.

Aside from that, the company's share buy backs coincided with the rise in price since Feb. last year. Now the buybacks have stopped what is there to support the share price?