Johnson Service Share Discussion Threads

[boobly] 11/8/2009 18:10

chrysippus :.....Totally agree !
Actually my idea of `Rocket` was about 30p , so I would prefer to be a passenger on your Rocket :>)
50p ! .......Ooooeerrrr ....Stratospheric !

[master rsi] 11/8/2009 11:07

chrysippus

Thanks for the link, it does give a good insight of the changes since Talbot came in, and looking forward for better news with the results next month

[master rsi] 11/8/2009 09:11

Good buys this morning so far but MMs not willing to up the bid

Will have to wait a bit longer for the BREAKOUT

[mreasygoing] 10/8/2009 23:15

May not get my 13p entry the way things are going :- I'm still expecting quite a big sell off later this week in the US. Not sure if this tiddler is going to be moved by it though.

[chrysippus] 10/8/2009 22:56

Cheers St0rm

There's a bit more digging to do on expected performance of the divisions that I'm going to try and look at in the next couple of days - some hints around about the dry cleaning division in H1/H2 and its return to profitability.

Depends on the expected forward PE and the division's performance - dry cleaning could come good and the FM management could surprise to the upside. I think the 45p could come sooner than 18 months.

I wonder if this guy might also have some surprises in store... this interview gives an interesting insight into his emotional commitment that I think could drag this company into the light sooner than we expect now...

Agree on the medium term value - I've loaded up here, and also think in a couple of years many companies will be undertaking buybacks to support share prices and this will produce great dividends and appreciation in 2/3 years assuming we get a recovery.

Best wishes

C

[profiting] 10/8/2009 21:26

Holding since May and now in profit but think will go higher providing they can service the debt.

Massive upside and should reflect improved environment.AIMHO.

[st0rm] 10/8/2009 21:04

Nice read chrysippus.

JT Is a man who has experience and a proven track record turning around failed companies, only this time he liked the company so much he decided to stay with it. He has the right people and finance to do what is/was required.

I know he has got the company on the right track, and have been following this share from the dark days. I only now entered once I knew it was not a flash in the pan one or two hit share price wonder!

In less that 18 months I expect this to +45p, and a year or two after that share price consolidation to take it back to where it was before the big mistakes.

[chrysippus] 10/8/2009 19:45

Interesting interview with John Talbot with history of the changes since 2007:

[cockneyrebel] 10/8/2009 17:59

Interesting to see the mm's paying 0.5p over the bid for stock - don't want to move the bid up and set the buyers in action imo.

CR

[st0rm] 10/8/2009 15:49

tooks it time:)happy with the price I paid though!

[master rsi] 10/8/2009 15:45

st0rm

The 50K is now reported as a delayed trade at 14.20pm

[chrysippus] 10/8/2009 15:28

owenski/ Master RSI - thanks for the comments

Boobly -

I agree on the ifs but the co has been pretty flat in its assessment of progress, and the director/ staff share incentive schemes are targetting share price levels in 2011.

If we get divi restored, eps of 3 or 4p (which seems about right) and an outlook that looks like both future divi and present debt will be well covered we should see a rerate.

Medium term, though, there still needs to be pay down on the debt. There are no future disposals in prospect and I don't think any more dilution would be supported (or wise).

Depends what you mean by rocket... can definitely see >50p here if this update is pointing in the right direction and trading conditions improve and the co starts picking up new business.

Best wishes

C

[wolterix] 10/8/2009 15:06

5k buy was mine.. dipping my toe in again

[master rsi] 10/8/2009 14:53

st0rm

re - Strange as it is not showing up on the trades yet.

The size 50K is twice over the MMs size of 20K and 25K at level 2, so they could delayed for 1 hour.

It all depends at what time you did buy.

------------
Share price is back to earlier price as SCAP went back to the bid 14.45pm after the 5K buy (Showing )

[st0rm] 10/8/2009 14:52

Hi Boozey,

No my trade was at 14:20 I wonder if it is being combined with other trades and will show up at the end of the day as part of one big transaction.

[boozey] 10/8/2009 14:36

50K went thru at 12:43 if that is the one to which your refer St0rm :)

[st0rm] 10/8/2009 14:25

Hi all,

been watching this for a long long time and have just bought 50,000 shares. Strange as it is not showing up on the trades yet - does anyone now how long it should take?

The company is in turnaround mode at long last.

[boozey] 10/8/2009 13:59

They appaear seriously short of stock, it has been in auction almost all day today?..

[cockneyrebel] 10/8/2009 13:51

Setting up for a breakout here - look at the chart above.

Results in a month.


3.26p eps forecast and a resumption of a divi @ 0.9p.

3.63p and a 0.95p div forecast for the year ahead.

PE of just 5 even at 18p! And I bet they could beat by some way

CR

[master rsi] 10/8/2009 13:08

Further move UP with the Level 2 improving to 2 MMs on the bid 16p. naturally spread got wider.

edit - SCAP has gone into bid 16.50p as I was typping

It gives the impresion the MMs are short of stock and any small buying are moving the price.

[boobly] 10/8/2009 12:56

IF , there really has been the progress that has been alluded to , IF the DIVI is restored ; this could absolutely ROCKET !
I`m amazed that we are still priced as effctively busted !
Looking for some funds for a top up ....

[master rsi] 10/8/2009 12:26

Thanks for the more up to date Information - chrysippus

Since the marked down late on Thursday and Friday, today MMs have move up prices on Level 2 as good size buys came on the ticker.

[owenski] 10/8/2009 11:08

Good current info thread Chrys, well done

[chrysippus] 10/8/2009 09:57

Strong start but has sputtered before - needs to get to 18p and hold to create the right platform...