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
  -0.80 -0.53% 150.00 149.80 150.60 152.40 149.60 152.40 662,614 16:35:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 229.8 -32.3 -6.6 - 666

Johnson Service Share Discussion Threads

Showing 1851 to 1871 of 1900 messages
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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.
Before retiring, I worked for a competitor in this industry. JSG were and are viewed as a very efficient and strong company. Their Leeds facility will be a significant enhancement to their capacity and efficiency.
That's much more like it! All comes out in the wash.........
Looks like a pretty good set of results imo
Wad, It can't have affected the 2019 numbers as we had the update at the beginning of January saying that they were ahead of expectations. Will the present situation cause more hygiene, and hence turnover, or will it cause less throughput in the first place? The million laundry item question..... It is worth remembering that far more people die of 'ordinary' flu every year than have died of the coronavirus, so far. We shall be put out of our misery on Monday. LS
I think you'll find it's the coronavirus effect as is affecting the whole stock market. People will always need uniforms and sheets cleaned so not panicking on this one
Don't like to see a share dropping suddenly just before results ; sniffs of a leak of bad numbers. Hope I am wrong ; find out Monday.
wad collector
They have been one of my sweetest lemons! Did think of squeezing them in a bit over six months ago but very glad I didn't. Have now had my money back in dividends and am looking forward to what March will bring.
Thanks for that; I will. Have to Bed & Isa as can't transfer shares directly any more. No CGT charges as no CG with these lemons!
wad collector
I put these into my ISA some while ago, so you should also be able to do the same.
This was dumped out of the main market a decade or so ago by memory , it is now capitalised at £760M , why is it still in AIM? I make the point as it came out of my ISA and sat outside it ever since.
wad collector
Tipped in IC last week too.
wad collector
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.
wad collector
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.
New 10 yr high. Another doubling in the share price and it will be at my original buying price.
wad collector
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
wad collector
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.
Recommended on Friday by HSBC with a target price of 180p. Ls
A very good trading update in my view, wouldn’t be surprised to see the share price at £1.70 fairly soon.
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
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."
wad collector
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