Compass Share Discussion Threads

[thetatrader] 05/3/2009 23:47

Nice chart.

[padherf] 08/2/2009 00:46

Not ramping, just updating the thread

[padherf] 08/2/2009 00:41

Financial Calendar
31 March 2009
Pre close trading update

13 May 2009
Half year results presentation

23 July 2009
Interim Management Statement

30 September 2009
Pre close trading update

25 November 2009
Full year results presentation

[padherf] 08/2/2009 00:20

recession, what recession??????

[padherf] 08/2/2009 00:14

Compass Group wins contract at Ireland's Lansdowne Road stadium
(27 January 2009 15:34)

Compass Group has won a multi-million pound 21-year deal to cater at Ireland's New Stadium, Lansdowne Road.

Under the terms of the contract, Compass will supply all catering at the rebuilt 50,000-seater stadium when it reopens to the public in April 2010 which includes 35 hospitality boxes, three restaurants and 57 food and drink outlets.

On non-match days, the on-site team will handle conference and banqueting business at the site, and the food offer has been developed by Mark Wright, executive chef for the Compass stadia business.

Philip Browne, chairman of Lansdowne Road Stadium Development Company, said: "Compass Group is an ideal choice of catering partner. It is the largest and most successful catering company in this area, so is best equipped to deliver for all our various visitors to the new stadium."

Article continues below
"Our decision to appoint them was influenced by the local knowledge and experience of the Dublin-based Compass team."

Compass already provides services at Cardiff's Millennium Stadium; Twickenham, the home of English Rugby Union and the 02 Arena in London.

Compass Ireland, established in 1987, provides services to Bank or Ireland, Guinness brewer Diageo, PricewaterhouseCoopers and Microsoft.

[padherf] 08/2/2009 00:06

Mercedes-Benz World appoints Compass Group
Lorraine Francisco, 03 February 2009



Mercedes-Benz World has appointed caterer Compass Group after Searcys 1847's contract ended.


Compass will be providing dining at the venue's Café 1886, the Silver Arrow employee restaurant, vending, conferencing and banqueting services, and the catering for indoor musical events.



It will also providing catering for its Gullwing restaurant which will close for refurbishment from 27 February and re-open on 31 May.


Last month Searcys 1847 and Mercedes-Benz World parted ways after the venue launched a pitch process to find a new culinary supplier.

[padherf] 07/2/2009 23:45

The 19th such buyback THIS YEAR!!!!!!!



RNS Number : 7430M
Compass Group PLC
03 February 2009

Compass Group PLC


Purchase of own shares for cancellation




Compass Group PLC announces that on 3 February 2009 it purchased for
cancellation 75,000 ordinary shares at a price of 332.6600 pence per share from
Morgan Stanley.

[padherf] 07/2/2009 23:35

RNS Number : 8252M
Compass Group PLC
05 February 2009





5 February 2009




Compass Group PLC

AGM Statement and Interim Management Statement

Compass Group PLC is today issuing its first Interim Management Statement for 2009 ahead of its Annual General Meeting to be held at 11:00a.m. today at the Queen Elizabeth II Conference Centre, Broad Sanctuary, Westminster, London SW1P 3EE. At this meeting shareholders will be provided with the following Interim Management Statement on the Group's performance for the first three months of the current year.

Group

Compass has had a very good first quarter. We are encouraged that net new business is running at a similar level to last year and whilst, as expected, there has been some weakness in like for like volumes in parts of the Business & Industry and Sports & Leisure sectors, the Education, Healthcare and Remote Sites sectors continue to make good progress.

The flexibility of our cost base and a continued focus on driving cost efficiencies through continued application of the MAP operating framework has enabled us to deliver a further improvement in operating margin compared to the same period last year. As a result, constant currency operating profit is running well ahead of the same period last year and cash flow conversion remains strong.

North America

Our sector spread and healthy client mix in the North America business helped to deliver good organic revenue growth and increased margin compared to the same period last year. The Education and Healthcare sectors are continuing to perform very well. While we have seen a reduction in like for like volume in parts of the Business & Industry sector, significant new contract wins and strong retention rates are helping to drive continued good organic revenue growth.

Building on the strength of our foodservice and support services businesses, we have recently announced the acquisition of KIMCO Corporation for cash consideration of US$75m with a further maximum US$15m performance related payment. KIMCO provides predominantly soft support services to the Business & Industry sector across North America and strengthens our ability to deliver soft support services to additional segments of the market.

Continental Europe

Overall we have seen steady organic revenue growth, albeit at a lower level than last year. In the Business & Industry sector, there has been evidence of lower like for like volume, particularly in the areas of financial services and manufacturing, but we have continued to see good levels of net new business. The Education and Healthcare sectors have proved to be resilient. We continue to make very good efficiency gains and operating margins are ahead of the same period last year.

We are pleased to announce today the acquisition of Plural Group, from Plural Holdings and Mr Jürgen Thomas, subject to certain closing conditions, for a consideration of €27.5m and a further maximum €4.2m based on performance over the next three years. Operating across Germany, Plural Group provides soft support services to the Business and Industry and Healthcare sectors. This acquisition will allow us to leverage our excellent business in Germany and capitalise on the growing demand for multi services.

UK

Overall, revenues and operating profit are, as expected, at similar levels to the first three months of last year. Despite the challenges of the UK economy, the business is benefiting from the significant restructuring that has taken place in recent years.




Rest of the World

We have seen strong organic revenue growth in the first three months of the year being driven by our businesses in Australia, Brazil, the UAE and the Remote Site businesses. Margins are again ahead of the same period last year.

Currency

In the first three months of the year the average US$ and Euro exchange rates were 1.59 and 1.20 respectively, compared to 2.04 and 1.41 in the first three months of last year. These movements generate an overall positive impact of approximately £30m on translation of the Group's first three months operating profit, compared with the same period last year.










Note to Editors:




(a) Compass Group is the world's largest foodservice company with annual revenues of over £11 billion operating in 55 countries. For more information visit www.compass-group.com

[amla] 26/11/2008 12:49

I was in at 274 and out at 287 when the share price hit the 50 day ma.
Very anxious three hours because I'm still not too positive about the charts.We still look to be in a trough and will probably trade sideways for a while unless the markets have a big surge up.
Still not sure whether the bottom at around 240p will hold...although it does seem strong.
Whatever,excellent results and the MAP seems to be working.Nice 8p divi ex date on 28 Jan 2009.
Did you "nibble" Elmfield?
lol

[elmfield] 26/11/2008 07:59

think I will have a nibble if we don't get marked up to much.

[amla] 20/11/2008 20:53

Charts not looking good for the share price to hold.Nov sell off.
Gained 40p this time last year, lost 70p in Oct this year.
This was going to be a strong hold for 2008.
BUT,still FTSE 100.
Price held well today.This is the "double bounce" test.Maybe,there's 25p innit for us or,if we're really lucky the share price will hit 285.Who knows and all the best.
But,the charts don't give me much confidence and the mood 'out there' is horrible.

[amla] 13/10/2008 16:14

Here I am again,same time as last year!!!Where are you,Cobweb?
Was this large drop the result of hedge funds exiting and panic or is there another reason...shorting?
Is this the bottom or merely a bounce?I am waiting before stepping back in.
LOL to all holders.

[i maximus] 06/10/2008 23:08

I believe that is correct, but it was a long time ago

[boadicea] 06/10/2008 22:43

I-M
Thanks for your comment.
Someone else (Deanforester) has helpfully pointed to the split estimate published by RNS.
This shows a lower Granada price and higher Compass price and I think these are the ones I have to use.
There may have been a subsequent substantial change during the first day after the split.

[boadicea] 05/10/2008 23:06

For a share which has performed amazingly well against the present market background, there is a surprising lack of interest in this thread...
...Which is a pity as I have a question requiring help from a knowledgeable individual and this is where I hoped to find one!

Can anyone point me to a reference giving the initial split values to be ascribed to the two shares, GAA and CPG resulting from the demerger of Granada-Compass?
I need this to apportion cost and thought it should be easy but have failed to find an answer.

Most grateful for any help.

I will ask also on the heavily subscribed ITV thread but suspect that could be a case of quantity dominating over quality.

[phillis] 28/7/2008 12:04

A well managed business gradually making progress.
Long term tuck away

[boadicea] 14/5/2008 08:29

Max - lol
It usually pays to take the Grauniad with a dose of malt.

Anyway, we now know the figure is £400m.

[i maximus] 11/5/2008 00:48

guardian says - "its balance sheet review should release around £300bn to be returned to shareholders via a buy-back."



if my math is right, that would be £162 a share!!!

[amla] 21/4/2008 21:00

Not sure,but it was'nt so long ago.If investors get spooked by the higher prices for foodstuffs,which will continue this year until we know the success of harvests in 2008,then there will be a sell off of CPG.
However,we seem to be trading in a range and I would suggest selling if the averages turn down and then I would buy in at recent lows.
So far,no bad news from this group,who appear to have got their house in order and pay a reasonable dividend.I have held shares since 2001 and am out of pocket,but I am very pleased with the recent resilience in the share price ..even if it is trading sideways!And,of course it is well traded.Better than sitting on something for days,with no apparent trades.
I am surprised at how many companies such as this are not supported on these boards.The charts are a reliable counter to where CPG is going.As you suggest Cobweb,if we fail to crack 350p for a third time we might as well sell up and buy lower.It all depends on the attitude of investors this week.Which will be the deciding week with all the results coming from America and the markets reaction to the latest "help" for banks in the UK.
Keep the fires burning,
AMLA

[cobweb] 21/4/2008 20:36

Hi Amla, thanks for the post. When did Credit Suisse make its target ? Any other you know about ? The share price is trying for the 3rd time to break 348/9 since lat Oct 07 - hopefully 3rd time lucky or they usually go south.

[amla] 21/4/2008 16:10

Credit Suisse had a 415p target on this.
CPG referred to as "a recovery story"...so,I would at least hope for the 380p reached previously.Charts look good for a further rise and last year,the share price did'nt crash in May.
Company seems to be able to pass on higher food prices to its customers.Plus,contract customers have to pay higher prices as they have to feed their employees/soldiers/students etc.
Here's hoping DYOR.

[cobweb] 17/4/2008 22:47

Quiet board this, stronger day today than there has been, any news or thoughts on this one?