ISG Share Discussion Threads

[gh0stwriter] 31/10/2012 10:28

ConstructionEnquirer reports £40m win for ISG in Liverpool docks

[michaelmouse] 27/10/2012 09:35

The week's news from ISG.

Michael.

[edmundshaw] 24/10/2012 11:03

ex dividend 4.59p today.

[skinny] 22/10/2012 07:14

ISG secures £100m of new contracts for key private sector clients

Interior Services Group plc, the international construction services group, today announces that it has secured in the last four weeks new contract awards totalling £100m for key private sector clients.

Within the UK, ISG has been awarded four contracts totalling £70m, including a major new warehousing facility for a drinks company in Scotland and the fit out of a first class airport lounge at Heathrow's T2 for United Airlines.

Internationally, ISG has further expanded its blue-chip client base securing four projects totalling £30m, including a third project in Paris for one of the UK's leading retailers and an office fit out project for an International Health Care Company in Abu Dhabi.

[this_is_me] 12/10/2012 19:47

It is a well run company which is doing well in present circumstances

[edmundshaw] 12/10/2012 19:15

Ah, perhaps the Pearson group is going to buy them out then :-P

[skinny] 12/10/2012 15:15

Looks like a tip in IC (I haven't read it), although volume low as ever!

[edmundshaw] 12/10/2012 13:56

Nice cash sale at IRV. Good reason for the rise there. But here? Unless someone is thinking IRV might have a use for their cash in this direction????

Pure speculation of course... just adding 2+2=5, probably...

[lord gnome] 12/10/2012 13:29

Looking very perky today. The recovery uptrend from July is looking firmly established.

[edmundshaw] 06/10/2012 11:20

Wondering myself about in which direction acquisitions will occur!

[michaelmouse] 06/10/2012 10:30

Very interesting share price movement in recent weeks:-



Michael.

[grahamburn] 05/10/2012 13:55

Skinny. Been there before during initial research: more interested in just how much INTERNAL (as opposed to EXTERNAL) work ISG does for Tesco.

[skinny] 05/10/2012 12:49

Here is a list of their .

[grahamburn] 05/10/2012 12:41

Looking at Tesco's results slide presentation, it seems to be undertaking significant internal works (new layouts for stores/displays etc.), though its new build work has been reduced significantly. Not too sure how much of the former ISG handles, as relatively new to the company.

[skinny] 05/10/2012 12:34

Tesco were/are one of their customers - maybe they are getting the cheque book out after the impact of results earlier this week.

[grahamburn] 05/10/2012 12:31

That's 10p (or 8%) on the price this week. Interesting. Unlikely to be a pre-ex-div date rise as that is still almost 3 weeks off. Despite the dividend cut, it could still be looked at as a reasonably high yielder, but more likely as a value recovery play.

[lord gnome] 05/10/2012 11:55

I'm just left wondering what caused that sudden spike up. A sudden flurry of small buys must have been caused by a tip somewhere. Investors' Chronicle is out today, perhaps. Still a long way to go for me to get back to break even. Hold and hope!

[skinny] 05/10/2012 11:26

Back above 140p

[rmillaree] 11/9/2012 12:15

Once you include the nasties the retained profit of £0.8 million - add back the intangibles and we have a fair profit figure of £3.7 million.Less than the divi paid during the year so all other things being equal the balance sheet has deteriorated somewhat.
In some respects ISG have not got bad terrible exceptionals record compared to some businesses but the headline figures IMHO definitely overstate the profitability of the business in the current year. Due to the various different sections we should also not be surprised if we have similar exceptional items in the future as it appears this is a permanent change in reporting method - all a bit ridiculous that they can simply present the figures as they see fit in some respects.
Note i have called non underlying items exceptionals for my convenience.

[skinny] 11/9/2012 07:03

Group Highlights

· Revenue up 9% to £1,281m (2011: £1,174m)

· Lower profits in the UK reflect a challenging economic environment

· Profits from overseas business nearly quadrupled to £3.5m

· Developing our international network of offices to continue servicing our blue-chip corporate clients

· Significant advances in the expanding data centre market

· Construction activity ahead of prior year on the back of completing substantial projects for the London 2012 Olympic and Paralympic Games following on from the successful delivery of the Velodrome

· Net cash balance of £25.4m at 30 June 2012 (2011: £36.1m)

· Order book marginally ahead at £760m (2011: £750m) with private sector bias of 81% (2011: 78%)

· Total full year dividend at 9.00p per share (2011: 15.06p)
· Subsequent to year-end, banking facilities renewed until September 2015

Divisional Highlights

UK Fit Out

· Revenue maintained at £347m (2011: £342m)

· Operating profit 19% lower at £6.5m (2011: £8.0m)

· London Office Fit Out market remains competitive, with project sizes smaller

· Increased revenue from growth sectors, particularly data centres

· Workloads from Retail Banking framework agreements stable

· Order book up 7% to £182m

"As previously announced in our pre-close trading statement in July 2012, the Board is proposing a final dividend of 4.59p per share, making a total of 9.00p (2011: 15.06p) for the year. The Board remains committed to a progressive dividend policy and a long-term dividend cover target of greater than two."

[gh0stwriter] 15/8/2012 09:48

£25 million London leisure deal for ISG announced in Construction News today.

[lord gnome] 14/8/2012 08:05

Hopefully they will make a margin on this contract.

[mrphil] 14/8/2012 08:01

Has to be good news!

[skinny] 14/8/2012 07:09

ISG Secures £61 Million Center Parcs Scheme

ISG has been awarded a £61 million project to build the accommodation element of the new Center Parcs Woburn Forest holiday village in Bedfordshire. The contractor will build 625 lodges across the 365 acre site, which is scheduled to open to guests in spring 2014.

The project builds upon ISG's existing relationship with Center Parcs owner, private equity firm Blackstone. Under Blackstone's student accommodation brand Nido, ISG has delivered schemes in Notting Hill and Spitalfields - the latter a £120 million project creating the world's tallest student accommodation hall.

[skinny] 08/8/2012 07:04

ISG Awarded £16 Million City Tower Project

ISG has secured a £16 million project to refurbish and remodel City Tower in London for Great Portland Estates and Starwood Capital. The contractor will work across 10 floors, refurbishing 80,000 sq ft of office accommodation, as well as upgrading the façade of the 21-storey building.