Johnson Service Share Discussion Threads

[wad collector] 12/1/2020 10:39

Tipped in IC last week too.

[wad collector] 06/1/2020 09:24

Missed this on Friday Trading Update Our GBP10.0 million investment plan in our new high volume linen plant in Leeds remains on target for opening in the Spring of this year. This will provide extra processing capacity ahead of the busy summer months. We remain positive about the future prospects for the business and we expect to announce full year results slightly ahead of market expectations. Acquisition On 30 November 2019 we completed the acquisition of the entire issued share capital of Fresh Linen Holdings Limited ("Fresh"), together with its trading subsidiary Fresh Linen Limited, for a cash consideration of GBP12.5 million on a debt free, cash free basis and subject to an adjustment for normalised working capital. The consideration includes the freehold site. As reported in the audited, statutory accounts for the year ended 30 June 2019, Fresh generated revenue of GBP16.7 million and profit before taxation of GBP1.1 million. The results for Fresh are reported on the basis of the accounting policies of the business and will be aligned to the rest of the Group post completion. Reported net assets at 30 June 2019 were GBP4.3 million, including a freehold site with a net book value of GBP1.7 million. The business, which has some 340 employees and operates from its freehold main site in Clacton-on-Sea and through a transport distribution hub in Rainham, London, regularly supplies over 900,000 items of linen a week, predominantly to hotels and gym clubs in the hospitality market in the South East of England. The acquisition meets with our continuing growth strategy to increase the size and scale of our hospitality services in the UK and extend our geographical reach as well as further diversifying the customer profile base within the Johnsons Hotel Linen portfolio. This transaction demonstrates our ability to acquire good quality businesses offering complementary services to our existing locations and clients. We expect to announce the full year results on Monday 2 March 2020.

[liberatingsteptoe] 24/12/2019 22:45

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.

[wad collector] 12/12/2019 13:16

New 10 yr high. Another doubling in the share price and it will be at my original buying price.

[wad collector] 05/9/2019 13:41

3 September 2019 AIM: JSG Johnson Service Group PLC ('JSG' or 'the Group') Interim Results for the Six Months ended 30 June 2019 "Continued organic growth delivers another consistent and strong financial performance" "Full year results expected to be slightly ahead of current expectations" HIGHLIGHTS H1 2019 H1 2018 % increase FY 2018 ------------------------------------- ---------- ---------- ----------- ---------- Adjusted results(1) Revenue GBP167.1m GBP152.2m 9.8% GBP321.1m Adjusted operating profit(2) GBP22.6m GBP19.9m 13.6% GBP46.0m Adjusted profit before taxation(2) GBP20.1m GBP18.2m 10.4% GBP42.5m Adjusted diluted earnings per share 4.4p 4.0p 10.0% 9.3p Dividend 1.15p 1.00p 15.0% 3.10p Net debt (pre-IFRS 16) GBP92.6m GBP91.2m n/a GBP98.4m Net debt(2) GBP130.5m GBP91.2m n/a GBP98.4m Statutory results Operating profit(2) GBP17.7m GBP15.7m 12.7% GBP36.6m Profit before taxation(2) GBP15.2m GBP14.0m 8.6% GBP33.1m Diluted earnings per share 3.3p 3.1p 6.5% 7.2p

[paleje] 02/8/2019 08:40

Nice Investors Chronicle article today. Boring these guys but it's the sort of boredom you can sleep on and know your money's growing. Just about doubled for me over 3 yrs with divis added in, wish I could say the same for some 'exciting' stocks.

[liberatingsteptoe] 08/7/2019 11:29

Recommended on Friday by HSBC with a target price of 180p. Ls

[johnsoho] 02/7/2019 09:07

A very good trading update in my view, wouldn’t be surprised to see the share price at £1.70 fairly soon.

[wad collector] 02/7/2019 08:38

Update; Following the update in early May trading has continued to be strong, with encouraging levels of organic growth, and we now expect results for the full financial year to be slightly ahead of current market expectations. Planned capital investment across the business is continuing in order to increase capacity and productivity for the busy summer months. As mentioned in May, construction of our new Leeds hotel linen site remains on schedule and within budget and is expected to be operational in the second quarter of 2020.

[wad collector] 08/5/2019 08:33

AGM Statement JSG, a leading UK textile services provider, will be holding its Annual General Meeting today and Chairman, Bill Shannon, will make the following statement: "Following a year of continued growth, the performance of both the Workwear and HORECA Divisions has continued to meet management forecasts. Accordingly, we expect the full year results to be in line with current market expectations. "The development of the new Leeds high volume linen facility, which will deliver considerable logistical benefits and increased capacity for our business in Northern England, is proceeding to plan and remains on course for coming on stream in the spring of 2020."

[liberatingsteptoe] 09/4/2019 10:43

I'm very happy. Ls

[wad collector] 08/4/2019 10:00

Must confess I lost interest here years ago when not only did the share price crash , but it got delisted from the main market so ejected from my ISA. It has lingered in the depths of my portfolio but still only worth a fraction of my buying price from about 18 yrs ago. free stock charts from uk.advfn.com Mind you , if you bought them a decade ago you would be very happy.

[johnsoho] 05/4/2019 16:09

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 (www.jsg.com) following the meeting. ENQUIRIES

[wad collector] 18/1/2019 12:46

This board is on fire..... missed this last week; LSE:JSG Johnson Service Share News (JSG) 2 Follow JSG Find Your Broker Share Name Share Symbol Market Type Share ISIN Share Description Johnson Service Group 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 +1.60p +1.24% 130.60p 130.00p 130.80p 130.60p 125.60p 125.60p 114,603 12:07:29 Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m) Support Services 290.9 31.2 7.0 18.7 478.65 Print Alert Johnson Service Group PLC Pre-close Trading Update 04/01/2019 7:00am UK Regulatory (RNS & others) Johnson Service (LSE:JSG) Historical Stock Chart 1 Month : From Dec 2018 to Jan 2019 Click Here for more Johnson Service Charts. TIDMJSG RNS Number : 1686M Johnson Service Group PLC 04 January 2019 4 January 2019 AIM: JSG Johnson Service Group PLC ("JSG" or "the Group") Pre-close Trading Update JSG, a leading UK textile rental provider, is pleased to provide a trading update for the six months to 31 December 2018. The GBP3.3m investment in our Stalbridge Linen unit in London referred to at the half year has now been successfully completed on time and on budget. In addition, the recent acquisition of South West Laundry made at the end of August 2018 is being successfully integrated within our Stalbridge brand. As part of our strategy to increase future capacity and revenue generating opportunities within our high volume linen business we can confirm that we have now signed a contract with a developer (subject to confirmation of certain utility requirements) for the building and subsequent lease of a new laundry in the North of England, which is expected to come on stream in early 2020. We remain positive about the future prospects for the business and we expect to announce full year results in line with market expectations. Peter Egan, Chief Executive Officer of JSG, said: "We have continued to trade well during the period, demonstrating the consistency of our business model. Our strategy continues to be driving growth both organically and through acquisition. The capital investment across our estate continues with the planned building of a new laundry which will significantly increase the capacity of our high volume linen business to meet our customers' needs and to underpin future organic growth".

[wad collector] 06/7/2018 13:32

Pre-close Trading Update JSG, a leading UK textile rental provider, is pleased to provide a trading update for the six months to 30 June 2018. Following the update in early May trading has continued to be strong and we now expect results for the full financial year to be slightly ahead of current market expectations. Results are benefiting from both the acquisitions made in the second half of 2017 and from an encouraging underlying performance. Planned capital investment across the business is continuing, thereby increasing our processing capacity and productivity levels. Results for the half year are expected to be published in early September.

[wad collector] 27/4/2018 17:44

Is this a cynical , cyclical or cylindrical business? I still hold some of these that I foolishly bought a dozen or so years ago. They almost went bust, got thrown out of the main market and hence out of my ISA at the time , pleased to see them creeping around amongst the detritus of my portfolio. Don't think I will get my money back even if I live a century. (And even if they did , inflation will have eroded it ). Had a much better buy with Brooks dry cleaning , who were eventually bought out when the Chairman retired. I am wiser about my stock research than I was....

[zoa] 06/1/2018 12:57

£3.9 million is a full price to pay for Starcounty, who only made a net profit of 145k in the full year ending June 2017, even when the £0.9 Million freehold property is disregarded, especially as this is a cyclical business. On the other hand if the former directors are not offered employment their salaries will no longer be part of the equasion and the aquisition could even be earnings enhancing.

[loafingchard] 05/1/2018 14:54

Nice pun :)"the cylindrical nature of laundry" Got any others?

[walbrock82] 05/1/2018 13:12

Although I can’t quantify what slightly above management expectation means, I see the share price responding positively well. I know in the past nine years it has delivered shareholders awesome gains. But, I do have a few concerns about this business 1). It cylindrical nature of the laundry business depends on the growth and unemployment rate of the UK economy. 2). Will it be able to maintain high level of earnings growth without too much borrowing? That will determine its future share price. For more details, here is the analysis: http://bit.ly/2CIwjzH

[piraneye] 05/1/2018 13:05

JSG, a leading UK textile rental provider, is pleased to provide a trading update for the six months to 31 December 2017 and announce the acquisition of StarCounty Textile Services Limited, which was completed on 11 December 2017. The Group has continued to trade well in the second half of the year, with results for the full financial year expected to be slightly ahead of management expectations. The Board has previously communicated its focus on considering further opportunities to develop the business and is therefore pleased to announce the acquisition of the entire share capital of StarCounty, a specialist hotel and catering linen business for a total cash consideration of GBP3.9 million, on a debt free, cash free basis, including a freehold site valued at GBP0.9 million. StarCounty, based in Wrexham, has been operating in the North West and the Midlands for over 50 years, serving a range of customers including budget hotel chains, country house hotels, restaurants and catering establishments. The acquisition will support and extend the geographical coverage of our Stalbridge Linen brand across the North West and West Midlands, increasing its processing capacity and also improving the efficiency of the logistics network. Results for the full year are expected to be published on 27 February 2018. Chris Sander, Chief Executive Officer of JSG, said: "We are delighted with another period of strong trading. In addition, the acquisition of StarCounty announced today helps us further develop the business in line with our strategy, increasing our presence in the North West and the West Midlands and enhancing the quality of service we can offer our customers in the region."

[piraneye] 15/11/2017 21:43

Thanks Viper, appreciate it, yep those including some more in my portfolio have taken a minor beating, and all of them almost during the same time too, last week or so, thanks for yours insights both, cheers