Buy
Sell
Share Name Share Symbol Market Type Share ISIN Share Description
Johnson Service Group Plc LSE:JSG London Ordinary Share GB0004762810 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  10.60 6.87% 164.80 164.60 165.20 165.60 152.00 161.20 2,989,865 16:35:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 350.6 38.1 8.4 19.6 732

Johnson Service Share Discussion Threads

Showing 1876 to 1896 of 1900 messages
Chat Pages: 76  75  74  73  72  71  70  69  68  67  66  65  Older
DateSubjectAuthorDiscuss
05/2/2021
13:44
Good thought , and they will need even more linen than normal.
wad collector
05/2/2021
13:01
Hotels to be used for quarantine. Might this explain today's rise......`? Ls
liberatingsteptoe
20/1/2021
10:41
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
19/1/2021
09:02
Puma AIM report- Founded in 1817 as silk dyers by the Johnson brothers, the company evolved through the twentieth century into a UK leading chain of dry cleaners and subsequently a textiles rental business providing workwear and linen hire. The work wear and linen businesses came to dominate the company, while the dry-cleaning business declined, which resulted in its disposal to Timpsons in 2017. Johnson Service Group now constitutes two divisions. Workwear is the UK’s number one work wear, protective wear and workplace hygiene services provider processing over one million garments per week. Its other division is Horeca a leading UK provider of linen to the hospitality industry. Our conclusions As stated in the Investment Policy, we look at companies through the prism of three factors; quality, growth and valuation. While we aim to buy high quality, high growth businesses on a low valuation this is not always achievable and most investment decisions involve a trade-off between these three factors. 1. Quality: Workwear with its market leading position earns strong operating margins of between 17-18% a year. Horeca, which has a strong position in a more competitive market earns margins of 10-12% in normal market conditions. Post tax returns on capital employed are good exceeding 10%. ESTABLISHED 1817 SECTOR Support Services PRICE AT END OF QUARTER 139.9p MARKET CAPITALISATION £621m The company has generated free cash in each of the last seven years. 2. Growth: The company can continue to grow both organically and by acquisition. The work wear business has held up remarkably well during the pandemic, with only modest impact from the first 2020 lockdown, with volumes in April down 12% improving to down 6% by August. Horeca was much more negatively impacted as would be expected as hotels and restaurants were largely shut down. We do not expect this business to show a meaningful recovery until Coronavirus is behind us, but we expect a strong recovery when it is, with materially increased demand for holidays and eating out. Beyond the initial recovery we expect the business to grow through a combination of market share gains, growth linked to increasing employment and further market consolidation particularly in the Horeca division. 3. Valuation: In May 2020 the company raised £85m of new equity, which substantially de-leveraged the company’s balance sheet. This combined with the continuing profitability of the Workwear division meant that when we came to start purchasing shares in October 2020, we were confident that the business could make it through the short-term negative impact of the Coronavirus on its Horeca business. Given continued lockdowns it is very hard to predict where results will go over the next year, but we believe that there is considerable upside potential when things return to normal.
davebowler
29/12/2020
15:32
Looks like the share price is going to finish the year at about the Summer 19 prices. Will happily settle for that!
wad collector
08/12/2020
21:05
Looks like the froth has come off the share price this week , though hopefully the long term trend is still up. Rather vulnerable to Covid , but 6 months should see a return to normal(ish ) business I reckon , and I don't think it will have gone bust.
wad collector
25/11/2020
13:09
From last week's TU The past three months' performance has been a mixed picture across the Group reflecting current market conditions, with the Workwear business currently seeing volumes having returned to pre-Covid levels, whilst the focus within the Hotel, Restaurant and Catering ("HORECA") business has been to manage the cost base and ensure we are ready once volumes in the UK's hotel, restaurant and catering markets resume in the coming months. Trading Update Since the interim results announcement on 2 September 2020, the Group has continued to see disruption, particularly within its HORECA business, with increasing uncertainty in recent weeks on the back of the various lockdowns and associated reduced activity within the hospitality sector. Encouragingly, in our Workwear division, which serves both industrial and food processing customers, volumes have continued to increase with the 6% year on year reduction reported in August improving to a 2% reduction at the end of September and being slightly ahead of pre-COVID levels by the end of October. The latest lockdown in England is currently expected to have a limited impact on the division.
wad collector
29/9/2020
11:23
Neither has helped the sp! Dropped to a 6 month low.
wad collector
25/9/2020
12:14
see tip in cityconfidential this week
sharetips
23/9/2020
07:24
Tipped in IC last week .
wad collector
02/9/2020
10:00
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
28/8/2020
09:50
Sadly they were not a good buy in June as they have slumped about 25% since then, though interims out next week might show some clarity.
wad collector
11/6/2020
12:47
A good buy at this level IMO, I'm in.
waspfactory
11/6/2020
12:45
At least 4 buys of 500k shares so far today!
squarepeg86
02/6/2020
16:45
Anyone have any info regarding the last RNS. As I understand it, we got one before to say Artemis acquired 5.79% and then one that just said it was an error and should be disregarded. How does that happen? Or will there be another RNS to correct the % acquired? Large volume on the sell today, did they buy and then dump?
squarepeg86
27/5/2020
21:53
Sp is now back to where it was a yr ago. Is the worst behind JSG now?
wad collector
02/3/2020
23:13
Was interested to see that the Norwegian Sovereign Wealth Fund owns 0.59% of the company.You can see what they own here.. hTTps://www.nbim.no/
liberatingsteptoe
02/3/2020
12:27
Speaking good sense. Caution should be the word!!
johndoe23
02/3/2020
12:24
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
02/3/2020
11:22
10% profit in this climate is very good!!
johndoe23
02/3/2020
11:00
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.
egrid1
Chat Pages: 76  75  74  73  72  71  70  69  68  67  66  65  Older
ADVFN Advertorial
Your Recent History
LSE
JSG
Johnson Se..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210301 02:05:57