Johnson Service Dividends - JSG

Johnson Service Dividends - JSG

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Johnson Service Group Plc JSG London Ordinary Share GB0004762810 ORD 10P
  Price Change Price Change % Stock Price Last Trade
-2.00 -1.16% 171.00 16:29:23
Open Price Low Price High Price Close Price Previous Close
169.80 168.20 171.80 171.00 173.00
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Industry Sector

Johnson Service JSG Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

johnwise: Johnson Service Group PLC Holding(s) in Company 01/06/2021 8:46am UK Regulatory (RNS & others) BlackRock, Inc
wad collector: AGM Statement JSG, a leading UK textile services provider, will be holding its Annual General Meeting today and will make the following statement: "As expected, trading in the first four months of the year has continued to be impacted by the various lockdown restrictions although we are now beginning to see an increase in demand as restrictions are starting to ease. Workwear volumes in March were some 96% of normal levels and we have seen a slight continuous improvement during April as more businesses were allowed to open. Progress continues to be made on the fitout of our new Workwear plant in Exeter and we remain on target for completion in the final quarter of this year. In HORECA, volumes in the first quarter were some 11% of normal. We have started to see an increase in activity within our customers as they begin to re-open their businesses in accordance with the various easing of restrictions. During the last two weeks of April volumes were approaching some 30% of normalised activity with further increases expected as the restrictions, particularly on hotel stays, are relaxed. At the end of April, we continued to have 1,450 of our employees on full or partial furlough, although we expect this number to reduce significantly in the coming weeks as employees return to work in response to increasing volumes. We have commenced the commissioning of our new hotel linen plant in Leeds as we plan for increasing volumes. The site is expected to be operational by 17 May, congruent with the anticipated further relaxation of restrictions in England, and will allow us to transfer the work for our Yorkshire based customers that is currently processed in North Wales. Furthermore, the factory locations that were mothballed over the winter months are also now operational, albeit with reduced headcount in line with current volumes. We continue to be confident in our ability to be agile and responsive to increasing volumes from our customers as the hospitality market recovers over the coming months. Our strong balance sheet means that we are well positioned to continue to invest in the business to support our long-term growth prospects. As previously announced, Bill Shannon is to retire from the Board at the conclusion of the AGM. At the same time, Jock Lennox, who was appointed to the Board on 5 January 2021 as an Independent Non-Executive Director and Chair Designate, will become Chair of the JSG Board. The Board would like to thank Bill for his significant input and counsel during his years as both a Non-Executive Director and latterly as Chairman
wad collector: I missed the TU last week "ohnson Service Group PLC ("JSG" or "the Group") Pre-close Trading Update JSG, a leading UK textile services provider, is pleased to provide a trading update for the year ended 31 December 2020. Trading since our previous update on 17 November 2020 has continued to be impacted by the various lockdowns and Tier restrictions, particularly in our Hotel, Restaurant and Catering ("HORECA") division. Notwithstanding this, we expect the adjusted EBITDA margin for the full year to be slightly ahead of that achieved in the first half. We estimate that we will report a net cash position (excluding IFRS 16 liabilities) of some GBP6.0 million as at the end of December 2020. The Group is currently impacted by the various ongoing lockdowns and restrictions and we will continue to adjust our processing capacity and resources to match the volumes required by our customers. As in the previous lockdowns, we expect that our HORECA business will be disrupted significantly more than our Workwear division. We expect to announce the full year results in mid- March 2021."
wad collector: Well there is some clarity now. The profitability has plunged but the net debt has gone , which is not surprising given the equity placing in June. Interim Results for the Six Months ended 30 June 2020 "Encouraging start to the year before COVID-19 impact. Strong Balance Sheet, confident of long-term growth." Impact and management of business through COVID-19 crisis - Workwear continued to operate throughout lockdown with 12% reduction in volume in April, steadily improving to 6% in August. Customer retention levels were 93.8% at the end of July. - Mothballing of the majority of HORECA plants throughout the lockdown period. - Coronavirus Job Retention Scheme (CJRS) utilised to enable continued employment of furloughed employees. - Strengthened balance sheet and liquidity with bank facilities increased to GBP175 million, temporary alternative financing arranged through Covid Corporate Financing Facility (CCFF) and GBP82.7 million equity placing in June 2020. - Phased re-opening of HORECA plants as volumes began to increase to 25% of typical levels in July and climbing to 45% in August. Financial Performance - Total revenue of GBP114.8 million (June 2019: GBP167.1 million). - Organic revenue down 34.7% (2 months to February 2020 up 5.6%). - Adjusted EBITDA(1) of GBP24.9 million (June 2019: GBP55.2 million) with Adjusted EBITDA(1) margin of 21.7% (June 2019: 33.0%). - Adjusted loss before tax(2) of GBP12.6 million (June 2019: Adjusted profit before tax GBP20.1 million). - Loss before tax of GBP18.6 million (June 2019: Profit before tax GBP15.2 million). - Net debt pre IFRS16 at June 2020 GBP0.2 million (December 2019: GBP87.7 million). - Net debt at June 2020 GBP39.5 million (December 2019: GBP127.7 million). - No interim dividend declared.
wad collector: Sp is now back to where it was a yr ago. Is the worst behind JSG now?
egrid1: JSG is a company that in normal times I would have carried on holding. But I think the market is going to be pretty volatile over the coming weeks. I cannot see JSG reaching new highs until we see how this coronavirus pans out in the UK, and so decided to take a 10% profit, rather than hold for perhaps another 10% rise, or alternatively a fall back. I am watching the charts for cases of coronavirus outside of China, and listening to the general conversations for guidance, more than the companies longer term prospects, during this time of expected volatility. The charts show that whilst the number of active cases worldwide is falling, the rate of fall is dropping off, as China is replaced with cases outside of China. I think that active cases will be rising again before the end of the week, with the UK showing the rapid growth that other countries have experienced. Hysteria will peak again. That will be another buying opportunity. All IMO.
egrid1: I bought into these on Friday at 177p, feeling that peak hysteria had been reached, but concerned about the weekend press, and so recognised there was a risk. Just sold again to bag a 10%+ profit. I feel that whilst JSG say they have seen no impact on business yet from Coronavirus, there will be an impact. Looking at the charts, the number of cases outside of China are growing, and I feel over the next few weeks we will likely see a large increase in cases in the UK - just as happened in China and then Italy. With that there will be fewer hotel visits, and so a knock on effect on laundry requirements. I suspect that the share may fall again from here, as that news starts to flow through. Representing a further buying opportunity.
pwooly: Before retiring, I worked for a competitor in this industry. JSG were and are viewed as a very efficient and strong company. Their Leeds facility will be a significant enhancement to their capacity and efficiency.
liberatingsteptoe: Johnson Service Group – a Christmas cracker By Mark Watson-Mitchell 24 December 2019 2 mins. to read Johnson Service Group – a Christmas cracker Master Investor Magazine Master Investor Magazine 57 Never miss an issue of Master Investor Magazine – sign-up now for free! Read the latest Master Investor Magazine This group is a leader in its service sector and its shares deserve a premium rating. Its shares at 196p are undervalued, writes Mark Watson-Mitchell. Whether you were staying at a hotel over the Christmas period, or you were out dining in your favourite restaurant, there was a very high possibility that the Johnson Service Group (LON:JSG) had something to do with making it more enjoyable. We all like to see crisp, white table linen and napkins at the dining table. We all love fluffy luxurious towelling and crisp, white cotton sheets on the beds in our rooms. And that is just where this group excels. Or perhaps you have noticed that certain service personnel are wearing bespoke protective coveralls as they go about their work. Again, Johnson Service Group comes to the fore. It provides textile rental and related services across a range of sectors throughout the UK. Through the Johnsons Apparelmaster brand, it is the leading supplier of work wear and protective wear in the UK. It processes over 1m garments each week. The group also provides premium linen services for the hotel, catering and hospitality sectors, as well as high volume hotel linen services, through various of its brand names including Afonwen, Stalbridge Linen, Bourne Textile Services, PLS, South West Laundry, and London Linen. The entire group employs over 5,000 people with operations covering the whole country – a national coverage with local service. The group includes amongst its thousands of customers Accor Hotels, Caprice Restaurants, Copthorne Hotels, Cote Brasserie, Crowne Plaza, DoubleTree, Holiday Inn, the House of Commons, Hovis Bakery, Malmaison, Morrisons, Premier Inn, Princes Foods, Sodexo, Warburtons and Weetabix – so now you get a flavour of what it does and for whom. In early September the company announced its interims to end June – they showed continued organic growth with revenue up 9.8% at £167.1m and adjusted pre-tax profits of £20.1m, up 10.4%. At that time the company stated that the full-year results are expected to be slightly ahead of market expectations. “There is good momentum in the group and we have started the second half strongly” was the clear statement at the time. Well, we will find out just how well the group has been doing in the final half-year in the next two to three weeks when they declare the end of year trading update. Market estimates suggest the current year will see revenue up from £321m in 2018 to £347m for 2019, with pre-tax profits leaping from £33m to £37m, and earnings of 8.1p per share, more than twice covering a 3.4p dividend. For 2020 another revenue hike to £362m could see profits of £39m, worth 8.7p per share in earnings and a 3.6p dividend. Into 2021 £380m of sales could see £41.5m profits, earnings of 9.25p and a 3.9p dividend per share. With 370m shares in issue the group is valued at around £725m. Large holders include PrimeStone Capital (13.00%), Henderson Global (5.10%), Octopus (5.02%), Merian Global (4.98%), Invesco (4.90%), BlackRock (4.89%), Investec (4.58%), Schroder (3.68%), Legal & General (3.52%0, and Polar Capital (3.33%). This group is a leader in its service sector and its shares deserve a premium rating. Its shares at 196p are undervalued. I now set an end-2020 target price of 250p.
johnsoho: This board is ‘so’ active it’s difficult to keep up with the number of different posts....but I thought this was worth posting from March 2019. Particularly liked the ‘another consistent and strong financial performance’ mention. 4 March 2019 AIM: JSG Johnson Service Group PLC ('JSG' or 'the Group') Preliminary Results for the Year Ended 31 December 2018 "Another consistent and strong financial performance" HIGHLIGHTS Continuing Operations 2018 2017 % Increase --------------------------------- ---------- ---------- ------------ Adjusted results(1) Revenue GBP321.1m GBP290.9m 10.4% Adjusted operating profit GBP46.0m GBP43.3m 6.2% Adjusted profit before taxation GBP42.5m GBP39.7m 7.1% Adjusted diluted earnings per share 9.3p 8.7p 6.9% Dividend 3.1p 2.8p 10.7% Net debt GBP98.4m GBP91.3m n/a Statutory results Operating profit GBP36.6m GBP34.8m 5.2% Profit before taxation GBP33.1m GBP31.2m 6.1% Diluted earnings per share 7.2p 6.9p 4.3% -- Strong financial performance reflects organic revenue growth of 7.8%(2) and contribution from acquisitions -- Full year dividend increased by 10.7% to 3.1p (2017: 2.8p) reflecting confidence in future prospects -- Significant capital investment during the year to improve productivity and increase processing capacity -- Acquisition of HORECA linen business, South West Laundry, on 31 August 2018 increases JSG's nationwide presence -- Planned new high volume linen plant in Leeds on track for Spring 2020 Notes 1 Excluding amortisation of intangible assets (excluding software amortisation) and exceptional items (see note 5). 2 Excluding revenue from acquisitions completed in 2018, the full year benefit of acquisitions completed in 2017 and the one-off benefit of some GBP2.6 million of revenue for work processed in 2017 on behalf of a privately owned laundry whose plant was out of commission. Peter Egan, Chief Executive Officer of Johnson Service Group PLC, the UK's leading textile services provider, commented: "Our strategy of driving the quality of growth organically by investing capital in our operations, coupled with selective acquisitions, has delivered another strong year of substantial growth with both divisions achieving higher levels of new business. We are continuing to focus on growing the business through targeted investment in our current sites, developing new capacity where market opportunities have been identified and expanding geographical coverage through acquisition. The combination of these three strands allow us the platform to continue to provide an excellent service to our customer base. We remain confident in the year ahead." SELL-SIDE ANALYSTS MEETING The Company will present to sell-side analysts at 11:00 today at Investec, 30 Gresham Street, London EC2V 7QP. A copy of the presentation will be available on the Company's website ( following the meeting. ENQUIRIES
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