Finals Tuesday. |
TU inline and cautious optimism, not making too much of tax increases to come. Should gently continue a share price rise I think. |
SP shafted like most of the AIM. Looks a long way back up ... |
Interims look strong . |
Just read that IC article; it came out with a BUY recommendation in a 2 page analysis. It pointed out the big hit from Covid then Electricity costs , but points out the resurging demand in the linen market , the fall in energy prices, strong cash position and though workwear is weaker, the profit forecasts are up. |
TU is broadly in line, with positive looking numbers. Sp unchanged. |
IC comment.....
Its closest peer is actually French laundry group Elis (FR:ELIS), which owns JSG’s main UK and Ireland rival, Berendsen. Based on its predicted earnings for 2024, Elis trades on a price/earnings (PE) ratio of 11 times, while JSG attracts a multiple of roughly 15 times. It is important to note, however, that JSG’s growth trajectory has been far more impressive than Elis’s and, when growth is factored into the equation, the London group starts to look more attractive.
JSG’s PEG ratio – which is calculated by taking its PE ratio and dividing by its growth rate – is around 1 times, compared with Elis’s 1.4 times, according to FactSet figures. |
That was just an AI based summary , no view of its own. And picked up the wrong data. |
re 993.
Davebowler.
This year's dividend totals 2.8p. Final, just paid, was 1.9p
Not huge, but increased and quite useful...... |
Third interesting stock pick this week is SECTOR PERFORM Johnson Service Group by RBC Capital with a tip performance of 3%
Stockomendation -Johnson Service Group is the leading provider of workwear in the UK. Headquartered in Cheshire, the company provides textile rental and related services across a range of sectors throughout the UK.
Founded in 1952, Johnson Service Group launched on the London Stock Exchange in 1997 at 332p, reached an all-time high of 448p in 2005 and is today at 155p.
In the news this week for a 52-week high share price and an increased dividend to £0.009p.
In Stockomendation three out of five analysts say BUY they are Deutsche Bank, Peel Hunt and Berenberg; RBC Capital says SECTOR PERFORM and Barclays says OVERWEIGHT. There are no active short positions currently open. |
Unless you paid £2 3 yrs ago!
Or £4 20 yrs ago....
Good update though. A gentle rise ahead? |
A good day!
One might say that there must be a lot of 'wash, rinse and repeat' going on, but this has been a very good share to have held for the last fifteen years or so.
A happy holder.
Ls |
Xd 1.9p this week. |
Yes , back to pre-results levels. Good to see a bit of a divi hike even if it's not exactly an income play.
Mind you the heady days of 2004/5 make this a reminder of what can go wrong . |
On second look, however....... |
It was prelims not finals and they look solid to me, everything up , but market not impressed. Inline expectations are clearly not enough.... |
Finals Tuesday. |
Looks like on next leg up , following the TU that I missed 2 weeks ago.
We expect to report full year adjusted operating profit in line with current market expectations. The Board remains confident about future growth and performance over the medium term as we continue to expand our geographical coverage and processing capacity. |
Moved to a 20 month high, I like the look of this slow recovery. Though sadly a long way from my average buying price of about £4 in 2008! |
Weird couple of days trades. |
Final print of 12.5 million shares. |
And 1 million printed already today.
edit:
make that 3 million now. |
But big volume on the buy side today ... 800k printed. |
Another rubbish day for JSG :-S |
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