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
  -2.80 -2.12% 129.00 128.40 129.80 133.80 123.40 133.80 777,036 16:35:15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 350.6 38.1 8.4 15.4 572

Johnson Service Share Discussion Threads

Showing 1701 to 1725 of 1875 messages
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You'll just have to come down off your high horse........ LS
Surely got to come down to 32 at some point...
At last... a down day... will it go further?
There's the buyer...
Slightly odd movement with UAB out... must be an agreed sale... wonder if price will come off a bit now...
Move along, nothing to see... (waiting, waiting)
waiting... hopefully will fall back a bit from getting a bit ahead of itself... looking to get in here for long term... ticks the boxes for 5 - 10 year based on quality of management: if we keep on flatlining they can maintain value and if the economy starts to pull clear they will exploit opportunities well... 30p would be great, but will get very tempted at 32p... hope it doesn't run away again...
Anybody in?? Huge volumes and the price has been walking up since July, almost without a break. What's going on? LS
Yes. Seems to be in the right direction, even if it doesn't rocket there..... Slowly, slowly! LS
Hi These back on my watch list for a safe long term hold... 3% dividend, likely to rise, debt in control and operations restructured to survive recession and thrive if we emerge... Anyone else looking in?
Sorry Steptoe was that £10m for the interims or did you have inside knowledge that the FY would also show debt down by £10m? It's just about in the 'normal' range although perhaps we are still uncomfortably geared. Dividend increase is nice to have. Well covered too. Steady as she goes and the share price can slowly creep up over time.
Ditto my comment at the Interims. Debt down by another 10 million and the dividend raised. Tortoise and Hare stuff...... LS
Nice RNS for a Monday morning: 23 January 2012 Conditional exchange of contracts for Textile Rental business of Cannon Textile Care Johnsons Apparelmaster Limited ("JAM"), the Textile Rental division of Johnson Service Group PLC ("JSG"), has exchanged contracts relating to the acquisition of the business and specified garment, linen, mat and towel contracts and related assets of Cannon Textile Care ("Cannon") from OCS Group UK Limited ("OCS") for a net consideration of approximately GBP6.1 million. Cannon currently operates its textile rental business from laundries based in Glasgow, Manchester, Bristol, Newmarket and Balham with additional depots in Gateshead and Birmingham. OCS will continue to operate their washroom services business under the Cannon Hygiene brand. The acquisition is conditional on a number of points including clearance from the Office of Fair Trading. There is also a right of rescission by either party if there is a material adverse change in the business prior to completion or if regulatory clearance has not been received by 29 May 2012. It is currently anticipated that the transaction will be completed at the end of March 2012. The net consideration for the business and assets will be approximately GBP6.1 million based on estimated contracted annual revenue of GBP15.0 million at the time of exchange of contracts. The consideration will be adjusted, up or down, to reflect the actual contracted revenue at the date of completion, although this is not expected to change significantly. The consideration will be payable in cash at completion and funded from the existing debt facility. The revenue and operating profit relating to the business and assets to be acquired as included in the accounts for OCS for the year ended 31 March 2011 were GBP16.5 million and GBP0.2 million respectively. On completion, JAM will operate the existing Cannon Laundries whilst reviewing the combined business structure. It is anticipated that any expected operational efficiencies and economies of scale from the business going forward will take some time to be fully realised, and accordingly, the transaction is not expected to have an impact on adjusted operating profit (before intangibles amortisation and exceptional items) for the year ending December 2012 but is expected to be accretive thereafter. The estimated costs of integrating the businesses are approximately GBP1.7 million, which will be treated as an exceptional item in 2012. The contracts to be acquired are complementary to those currently serviced by JAM and will enable the combined business to deliver enhanced customer value whilst at the same time securing both future opportunities in our core markets and economies of scale. John Talbot, Chairman said "We are delighted to have exchanged contracts on this acquisition. It will allow Johnsons Apparelmaster to improve its service to customers through an expanded geographical coverage".
Our view: Buy Johnson Service Our view: Buy Share price: 31.25p (unchanged) It's fair to say that Johnson Service has a low profile compared with other businesses that consumers come into regular contact with. But the firm, which provides facilities management services to shops and schools, and lends bed linen and towels to hotels, has delivered a strong turnaround out of the limelight since its previously hefty pension deficit, as well as debts of £170m, left it looking decidedly wobbly in 2008. Johnson Service provided further evidence of its rebound yesterday. Its three divisions all grew their bottom line, which resulted in a 5 per cent rise in pre-tax profits to £6.5m for the half-year to 30 June. While its facilities management division enjoyed an uplift from new contract wins, the dry-cleaning arm – best-known for its Johnson Cleaners presence on the high street – benefited from "considerable" investment and grew revenues despite the challenging conditions for consumers. More importantly, the group slashed its pension deficit to £3.2m from £11.2m last year, while a more modest reduction in its net debt leaves it only £51m in the black. Investors also toasted a 22 per cent rise in its interim dividend to 0.33p. Bolstering the investment case is the thin valuation, with Johnson trading on a modest forward earnings multiple of 6.8 times.
wad collector
Still deafening..... Results to my untrained eye look good. To increase the dividend by 22% seems a confident measure. Debt down; looking good. Usual market indifference...... LS
The silence is as deafening as a dry cleaning drum running on teflon bearings...... Not a bad day. Were those really all buys? Share price up, so probably.... Anybody out there? LS
confident of meeting full year forecasts before the interims are out. Debt down a lot so a big saving on finance costs this year too. PE 8 or less I guess. CR
Seen all the buying today? Co had a trading update June 30 last year. One tomorrow? CR
Quiet here on todays news: LONDON (Dow Jones)--Johnson Service Group PLC (JSG.LN), provider of services to consumers and businesses, Monday said its subsidiary SGP Property & Facilities Management Ltd., has been awarded a national facilities management contract with Johnston Press PLC (JPR.LN) for an initial 3-year term and added that total revenue is expected to be GBP10 million over the life of the contract. JSG had a trading update on June 30th last year. CR
Good volume Friday and today too.
Seems to be breaking out today. CR
11:10 "Could shoe repair and key cutting-specialist Timpsons be readying a move for Johnson Service Group? Blog rumours to that effect suggested privately-owned Timpson might be interested in a tie-up, citing city rumours that the two are working more and more closely together, and suggested a price as high as 60p-70p-a-share. That would be a hefty premium to yesterday's closing price of 34p. Traders and brokers didn't rule out the suggestion on Thursday. On the one hand it could be structured to give Timpsons a public listing, they suggested, and likewise there seemed an intrinsic rationale to tieing up two companies who specialise in "grudge purchases". Johnson Service Group is best known for its dry cleaning, and with outlets in similar places, there might also be property synergies between the two, market sources said. Johnson rose 0.5p yesterday, up by 1.5%."
Interesting number 60p. Divisible by 2,3,5,6,10,12,15,20, and 30. Also my target for taking profits or at least reviewing the target price based on updated information. To get there in one giant leap would be a pleasant surprise. As 60p is also the price at which the Director's full bonus package kicks in then I'm sure they would be keen to recommend any offer at this level. Purely in the interests of shareholders you understand.
Ah, yes! Suggestions of a tie-up with Timpsons at a mooted price of 60-70p a share. Now that would be good....... LS
apparently tipped in guardian
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