Compass Share Discussion Threads

[waldron] 14/9/2021 12:45

Upcoming Events

21 Sep 2021

Pre Close Trading Update

[essentialinvestor] 14/9/2021 11:41

Potential for margin compression here with rising labour costs?.

Next update may be interesting.

[waldron] 12/5/2021 08:18

Compass Group PLC said Wednesday that pretax profit for the first half of fiscal 2021 fell sharply as revenue was hit by the coronavirus pandemic but it anticipates a gradual improvement in revenue in the third quarter.

The U.K. catering contractor said pretax profit for the six months to March 31 was 133 million pounds ($188.1 million) compared with GBP787 million for the same period last year.

Underlying operating profit for the period fell 65% to GBP290 million, with a margin of 3.4%.

Revenue for the half was GBP8.44 billion, down from GBP12.48 billion in the year-earlier period.

Compass said it anticipates a gradual improvement in revenue and an operating margin of between 4.5% and 5.0% in the third quarter.

"With the gathering pace of vaccination rollouts across our major markets, we are working closely with our clients to prepare to reopen their sites safely, although the picture across the world remains mixed," Chief Executive Dominic Blakemore said.



Write to Adria Calatayud at [e-mail]



(END) Dow Jones Newswires

May 12, 2021 02:36 ET (06:36 GMT)

[suetballs] 12/5/2021 08:10

No dividend but an encouraging set of numbers.
Suet

[waldron] 10/5/2021 18:03

Upcoming Events


12 May 2021
Half Year Results


chuckle

wait and see

[suetballs] 10/5/2021 17:55

Half year results on Wednesday - is it too early to expect a dividend?
Suet

[waldron] 25/3/2021 09:10

Upcoming Events


12 May 2021
Half Year Results

29 Jul 2021
Trading Update

23 Nov 2021
Full Year Results


25 Mar 2021
Trading Update

[undervaluedassets] 25/3/2021 09:09

Margin jump

I like that

[the grumpy old men] 25/3/2021 08:55

Compass Group said Thursday that it expects a 28% fall in organic revenue for the three months to March 31 as the company starts to lap the effect of the coronavirus pandemic on fiscal 2020 revenue.

The U.K. catering contractor said that there may be a possible 930 million pounds ($1.27 billion) hit on 2020 revenue and a GBP36 million hit on operating profit, stemming from negative foreign exchange rates.

"Trading results from our overseas operations are translated at the average exchange rates for the period. If current spot rates continue to March 31, 2021 foreign exchange translation would negatively impact the 2020 half year revenue by GBP456 million and operating profit by GBP38 million," the company said.

The company said that organic revenue for the first half of fiscal 2021--which ends March 31--is expected to be around 31% lower, and that in both the second quarter and half year the company has been operating at around 71% of its 2019 revenue.

"While the vaccination efforts around the globe are advancing, the pace of volume recovery remains uncertain. Encouragingly, the pipeline of new business and client retention continue to be strong," the company said.



Write to Anthony O. Goriainoff at [e-mail]



(END) Dow Jones Newswires

March 25, 2021 03:38 ET (07:38 GMT)

[undervaluedassets] 25/3/2021 08:00

Margin jump

I like that

[suetballs] 04/3/2021 13:11

The PrimaryBid shares I bought at £10.25 are now looking a very good purchase.
Wish I'd bought more!
Onwards on upwards.
Suet

[undervaluedassets] 22/2/2021 13:53

Yes that is not great at all

Thankfully only a small part of the whole.

Set to do well in my opinion

[thaiger] 23/1/2021 21:07

CPG is the owner of Chartwells who has contract to supply free school meals for the poor, but the food they supplied look like they robbed the poor! Have you seen Marcus Rashford's tweet?

[weemonkey] 21/1/2021 09:02

Fully expect this to mirror recent outperformance of WH Smith.

They do kind of the same thing. Both SMWH and CPG sell product in locations where the customer has no other choice allowing them to slightly overcharge.

CPG is deeply profitable. And it is set to be more so as it will emerge from the pandemic into a world with less competition.

[undervaluedassets] 19/1/2021 08:46

Guess what eating and mass catering did not go out of fashion during the pandemic.

What a surprise.

[kaos3] 12/1/2021 09:07

lots of shares were issued recently - those who bought are prob selling for a very decent profit at an broader market high into political uncertainty imho

I am doing it for those reasons - easing out

[traderglt] 12/1/2021 08:59

Surprised this isn't up more with the profit they're making from the poor !

[undervaluedassets] 08/1/2021 09:51

They won't be marvellous.

How can they be.

But this company is dominant in it's space and it survives ..

Sitting in a motorway service caff eating overpriced food is a fact of life that will return.

[undervaluedassets] 04/1/2021 09:23

This is a high conviction stock for me.

Very conservative and well run.

[boozey] 18/12/2020 00:04

And another buy today - bodes well.

[weemonkey] 02/12/2020 12:02

very substantial director buying this year.

circa £2 million of share buys by directors since march and no sells

[undervaluedassets] 25/11/2020 10:58

Yes, profits were off 60% but this company still made £670 million operating profit.

Come on now. . How many businesses can claim profits like those this year?

Hugely well-capitalized. Set to take full advantage of the recovery in a post-vaccine world.

very happy to be invested here

[suetballs] 24/11/2020 18:51

Yep - looks like the worst may well be over.
Suet

[undervaluedassets] 24/11/2020 08:51

obvious past vaccine recovery play.

[adrian j boris] 24/11/2020 08:01

Compass Group PLC on Tuesday reported a fall in pretax profit for fiscal 2020 on lower revenue, as the coronavirus pandemic has severely hurt the business in the second quarter.

The U.K. catering contractor made a pretax profit of 210 million pounds ($279.8 million) for the year ended Sept. 30, compared with a restated GBP1.49 billion in fiscal 2019.

Revenue fell to GBP19.94 billion from GBP24.88 billion a year earlier. Coronavirus restrictions reduced volumes in business and industry, education, and sports and leisure in all regions, the company said.

As anticipated in April, the board declared no final dividend for the year in an effort to preserve resources amid the coronavirus pandemic. "The board will keep future dividends under review and will restart payments when it is considered appropriate to do so," the company said Tuesday.

Underlying operating margin was 2.9%, in line with the company's guidance for around 3%. Compass said it expects underlying operating margin for the first quarter of fiscal 2021 to be around 2.5%.

The company said it expects the figure to return to profitability in the fourth quarter of fiscal 2021.



Write to Matteo Castia at [e-mail]



(END) Dow Jones Newswires

November 24, 2020 02:32 ET (07:32 GMT)