Compass Share Discussion Threads

[kaos3] 10/11/2020 15:12

someone is buying big !

[kaos3] 29/10/2020 06:49

our directors are in demand in the inner circle

[kaos3] 03/10/2020 03:03

I think the whole business will suffer more due to the structural changes because of COVID. More troubles ahead.

But out of it CPG will be a huge winner - when the dust settles.

Still waiting before buying (also due to the general market conditions).

A share that is a high priority on my watch list.

[maywillow] 30/9/2020 06:52

Compass Group PLC said Wednesday that organic revenue fell around 36% for the fourth quarter of fiscal 2020, and that it expects to take a 100 million-pound ($128.6 million) hit from contract assets due to the coronavirus pandemic.

The U.K. catering contractor said organic revenue for the year to Sept. 30 declined by around 19%, although its fourth-quarter performance improved as clients in business-and-industry and education began to return to offices and schools in its main markets.

The FTSE-100 company said it expects a negative underlying operating-profit margin of around 3% for the fourth quarter, including impairments on contract assets. Excluding those impairments, the company's fourth-quarter operating margin is expected to be breakeven, it said.

For fiscal 2020 as a whole, Compass expects an underlying operating margin of around 3%.

Compass said the pace at which its revenue and margin will recover remains unclear, especially given the possible increase in lockdown measures in the northern hemisphere through the winter months.



Write to Adria Calatayud at [e-mail]



(END) Dow Jones Newswires

September 30, 2020 02:29 ET (06:29 GMT)

[lasata] 29/9/2020 12:50

What might the results bring tomorrow??

[kaos3] 06/9/2020 13:58

started to reserch - lots to like

- strong balance sheet
- high ROE combined with low PE makes it cheap
- strong delevered BS
- clear world leader with good contracts
- despite CV19 this grew into an advantage because CPG has large clients and if they reduce workforce the critical BE mass remains - which smaller competitors loose
- strong resiliant governmental, defense, offshore market
- an interesting shareholders list
- low capital intensity
- huge buying advantage
- position on the higher margin market
- innovations a la vending

[ariane] 30/7/2020 08:14

Outlook

At the time of our Half Year results announcement on 19 May 2020 we withdrew our previous growth and margin outlook for 2020. Trading in the third quarter was in line with the Slow Recovery scenario described in our Company Presentation of 19 May 2020.

The pace at which our volumes will recover is still unclear, especially given a possible increase in local lockdowns. We are encouraged by the relative improvement in performance in June, as well as the early signs of an acceleration in first time outsourcing opportunities. In the meantime, we continue to work with our clients to help them reopen safely. We are proactively managing the business, reducing our costs, rebuilding our margins and investing to strengthen our competitive advantages.

Looking further ahead, we remain excited about the significant structural market opportunity globally, and the return to organic revenue growth, margin improvement and returns to shareholders over time.

2020 Reporting Calendar

In order to provide analysts and investors with more frequent updates on our financial performance our reporting calendar in 2020 will be as follows:

30 September 2020 FY 2020 Pre-close trading update
24 November 2020 FY 2020 Results

Compass will hold a conference call for investors and analysts today 8:30a.m. (UK time).

[essentialinvestor] 30/7/2020 08:03

Net debt increasing again, unsurprisingly.

[waldron] 29/7/2020 17:52

Upcoming Events


30 Jul 2020
Trading Update

aye, it be so

[essentialinvestor] 29/7/2020 17:38

Update tomorrow, this will be interesting.

[ddubzy] 09/7/2020 09:33

Never understood how an share price only ever seems to react to a negative broker target as opposed to a positive. We all know broker targets mean nothing both ways.

[grupo] 02/7/2020 09:41

CPG Credit Suisse Outperform - 1,800.00 Initiates/Starts

[essentialinvestor] 25/6/2020 14:11

And who pays the extra costs involved in providing that service?.

[waldron] 14/6/2020 15:57

Compass to deliver food to office staff working from home
UK company is working on solutions to deliver food on behalf of multinational clients

52 minutes ago

Peter Hamilton



Chris Chidley, managing director of Compass Group Ireland. About half of Compass’s business closed overnight when the Covid-19 crisis hit in March.




Catering group Compass is to begin delivering meals to staff working at home for a range of multinational companies, who are keen to retain this perk to workers while their offices are shut due to the Covid-19 pandemic.

Chris Chidley, Compass managing director in Ireland, told The Irish Times that it will ramp up home deliveries over the next four weeks. “We’re seeing a keen interest in that they’ll be utilising [the service] on the basis that staff won’t be going into the office,” he said, adding that workers can order online and get food delivered to their homes.

Food as a perk at work has been a feature of many multinational companies operating in Ireland, particularly those operating in the social media industry. Compass provides catering services here to large companies such as Google, Vodafone and Intel, while it also holds the contract for the Aviva stadium in Dublin.

Mr Chidley said that Compass plans to “avoid that touch point of going to the shop” by having ready-made fresh meals delivered to staff. “If the people can’t come to the food, we’ll bring it to them,” he said.

While the Covid-19 crisis has accelerated the company’s push into home deliveries, it had been working on a solution for the past six months as the incidence of remote working was increasing, Mr Chidley said.
Guidelines

For offices, Compass has developed an app called Time2Eat, which enables workers to book a time slot to visit a company’s dining area or canteen to consume food while observing social distancing guidelines. Compass is moving away from buffet options to grab-and-go offerings.

The UK-listed company has also acquired an app called Feedr that will cater for SMEs that wouldn’t previously have provided food for staff. The food is prepared in a central kitchen and delivered to offices in individually-portioned meals, allowing staff to limit their movements.

Restaurant

Mr Chidley noted that confidence among office workers is rising, citing evidence from one site that reopened on June 8th with 50 per cent capacity. He said 75 per cent of those who visited the office on that day used the restaurant, rising to 90 per cent by the fourth day.

“I’m optimistic about the market – I think there’ll be a mini-growth period,” Mr Chidley said. “[But] for most businesses, including ours, the shape of our business coming out of Covid will be different to the shape going in. It’s going to be a change of shape that we need to look at.”

About half of Compass’s business closed overnight when the Covid-19 crisis hit in March. It employs about 3,000 in the Republic and 500 in Northern Ireland and is one of the largest catering groups on the island.

[robbie1424] 25/5/2020 20:20

I’m a sub contractor that has worked for them for over 10 years round a number of sites they manage.
They are very well run.
Over the last year I’ve been to some of their new conference facility/hotels that they leased/bought/run.
Tight ship.

[jmferg] 25/5/2020 14:01

Oh, Andy, do you too work for the company(like 'robbie1424')?

[andyj] 22/5/2020 00:14

A rare opportunity to buy into a very well managed and expanding business at a discounted price.

[sarkasm] 21/5/2020 10:21

Citigroup Buy down from 1,520.00 to 1,280.00 Reiterates

[sarkasm] 21/5/2020 10:00

Societe Generale Buy up from 1,200.00 to 1,370.00 Upgrades

Morgan Stanley Equal weight down from 1,540.00 to 1,350.00 Reiterates

[suetballs] 20/5/2020 07:09

Peter - that causes a problem for me then.
I suppose I will have to put them in my trading account and then bed and isa.
Only a small cost though - let's see how ii respond.
Suet

[peter27] 20/5/2020 06:54

Q & A says you can't put them directly into an ISA.

[nw99] 19/5/2020 20:14

Thanks good news

[suetballs] 19/5/2020 19:54

Nice to hear robble.
Suet

[robbie1424] 19/5/2020 12:18

I do some work for Compass and they are starting to stir back to life.
Army camps they look after are hoping to get back open early June.
Compass will bounce straight back.
Money making machine and well run.