Johnson Service Share Discussion Threads

[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
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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
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Johnson Service Group PLC Pre-close Trading Update
04/01/2019 7:00am
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1 Month : From Dec 2018 to Jan 2019

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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:

[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

[value viper] 15/11/2017 19:25

AIM 100 taken big whack past week or so
i wonder if there are nerves ahead of budget re messing with BPR (IHT relief) that these AIM stocks provide ; Many of these well capped AIM stocks are owned by multiple PIs and PCBs who run AIM Portfolios like me
IF he removes / reduces in any way BPR for qualifying AIM stocks, it was result in some pretty material selling - jitters
Look CLIN, FEVR, APH prices over past 1/2 weeks also in absence of any bad news

[loafingchard] 15/11/2017 19:03

No insight here , some large trades though. ...

[piraneye] 15/11/2017 13:11

argh, this drop is annoying, other than octupus buying more, there hasnt been any major news on this so why the drop, is it the market doing its thing, can anyone shed some light?

[nimrod22] 26/9/2017 11:01

looks a bit oversold

[huntie2] 21/9/2017 10:39

Yes, Yogi, a nice share to own - steady as she goes!

[yogi] 20/9/2017 21:29

Nice steady momentum - nothing spectacular but sort of chart you always like all the same.

[loafingchard] 24/8/2017 16:14

Still well within the trend lines

[investopia] 23/8/2017 16:18

That move was just enough to hit stops set at 5%. It'll be interesting to see where the share price goes next.

[yogi] 10/8/2017 19:43

Did an initial filter on chart based on 12 month breakout and then looked at fundamentals.....

[wad collector] 10/8/2017 12:30

Interims in 3 weeks. I holding but still not at my ancient buying price.

[loafingchard] 08/8/2017 23:49

Yeah still here , 'run ya winners' as they say . Not cheap any more from a value perspective but the momentum has largely been nice and steady .Are you buying the chart ?Cheers