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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 Shares Traded Last Trade
  -0.60 -0.5% 119.00 305,512 16:35:07
Bid Price Offer Price High Price Low Price Open Price
118.20 119.20 123.60 118.20 120.40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 271.40 5.10 1.50 79.3 530
Last Trade Time Trade Type Trade Size Trade Price Currency
17:05:45 O 11,677 121.821 GBX

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Date Time Title Posts
26/7/202209:23JSG: A (dry) clean sweep recovery play?936
06/5/201007:57Jonson Services - JSG Profit Warning - Price target 250p16
11/8/200909:11JSG Ready to Jangle939
03/3/200821:03The Johnson Service Group Thread2
05/7/200207:43JOHNSON SERVICE - JSG-

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Johnson Service (JSG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2022-08-11 16:05:58121.8211,67714,225.04O
2022-08-11 16:04:49120.99253306.10O
2022-08-11 15:35:07119.0044,54353,006.17UT
2022-08-11 15:29:35118.20696822.67AT
2022-08-11 15:29:35118.40146172.86AT
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Johnson Service (JSG) Top Chat Posts

Johnson Service Daily Update: Johnson Service Group Plc is listed in the Support Services sector of the London Stock Exchange with ticker JSG. The last closing price for Johnson Service was 119.60p.
Johnson Service Group Plc has a 4 week average price of 96.90p and a 12 week average price of 95.10p.
The 1 year high share price is 167p while the 1 year low share price is currently 95.10p.
There are currently 445,256,639 shares in issue and the average daily traded volume is 325,836 shares. The market capitalisation of Johnson Service Group Plc is £529,855,400.41.
wad collector: Inline rather than Good I reckon , almost same wording as the May statement. Let us hope the worst is behind JHD now. If it returns to prepandemic profit levels then looking at about 7p EPS which would make current prospective P/E of 14 , which seems a reasonable price but not a stunning bargain.
wad collector: Divis back on the horizon.... ("JSG" or "the Group") AGM Statement JSG, a leading UK textile services provider, will be holding its Annual General Meeting today and will make the following statement: "Workwear volumes are remaining stable leading to like-for-like revenue growth in excess of 3% compared to the first quarter of 2021. In HORECA, as previously stated, the volumes in January and February were 70% and 85%, respectively, of normal. Volumes improved further in March to 89% of normal whilst like-for-like revenue in the month, compared to 2019, was up 1.2%. Volumes continued to increase in the first half of April, averaging 91% of normal. Our customers are expecting a strong summer season and we have plans in place to ensure that our processing capacity can meet this increasing demand. In addition, there is an encouraging pipeline of new business opportunities comprising both new openings from existing customers as well as new customers. We are nearing the completion of the major capital investment projects in Belfast and at our largest linen plant in Bourne in line with those plans. Inflationary pressures remain but energy costs, in particular, have currently receded from the highs of early March. Some 87% of our anticipated gas requirement for the remainder of this year is fixed at prices significantly below the current day ahead rate. We have secured price increases across our customer base which will offset the cost inflation that we are experiencing in the current environment and we will continue to take appropriate mitigating actions as necessary. Volumes are continuing to improve to what we expect to be more predictable and normal levels. Reflecting this expectation, it is the Board's current intention to re-commence dividend payments at the time of the Interim results announcement in September 2022. We remain confident in our medium and long-term growth prospects."
wad collector: LAST WEEK; Volumes during November and December were in-line with pre-Covid normalised levels for Workwear and were approximately 77% of normal within HORECA. However, the challenges of the new COVID-19 variant on the hospitality sector in the final two weeks of December reduced volumes during that period to approximately 60% of normal. Notwithstanding this, we expect to announce 2021 full year results ahead of the expectations referred to in our Trading Update published on 24 November 2021. Current COVID case rates have continued to impact demand at the start of 2022 in HORECA but we continue to anticipate further recovery of the hospitality sector as we progress through 2022. Cost pressures, particularly in relation to energy, are ongoing. Although we have taken action and fixed our gas prices for over 80% of our consumption for 2022, the current high price on the remaining 20% will impact our total cost. We are continuing to work hard to mitigate the impact of cost increases on our business for 2022 and beyond. We will give a further update on our progress when we announce our full year results in March 2022.
wad collector: Article in IC concludes JSG a Hold.
philanderer: Rerating of JSG reflects prime position, says Peel Hunt The rerating of textile rental and cleaning company Johnson Service Group (JSG) reflects its market-leading position and high margins, says Peel Hunt. Analyst Christopher Bamberry retained his ‘add’ recommendation and target price of 168p on the stock, which closed down 2.6%, or 4.2p, at 160p on Thursday after a trading update. He said the shares trade on a multiple of 19.7x 2022 earnings per share versus 19.6x immediately prior to Covid-19, and an average of 15.3x since the disposal of its dry cleaning business. ‘The premium rating reflects Johnson’s market-leading positions, high margins, strong underlying cash generation, good return on capital employed, and the potential for further market share gains, both organic and inorganic,’ said Bamberry. He said if ‘we place Johnson’s recovered EBITDA on the same 7.7x as [Denmark’s] Berendsen was acquired for in September 2017, this results in a valuation of 200p per share’. HTTPS://;_ga=2.114498817.727775804.1626440394-1423509074.1626440394#i=6
johnwise: Johnson Service Group PLC Holding(s) in Company 01/06/2021 8:46am UK Regulatory (RNS & others) BlackRock, Inc
wad collector: AGM Statement JSG, a leading UK textile services provider, will be holding its Annual General Meeting today and will make the following statement: "As expected, trading in the first four months of the year has continued to be impacted by the various lockdown restrictions although we are now beginning to see an increase in demand as restrictions are starting to ease. Workwear volumes in March were some 96% of normal levels and we have seen a slight continuous improvement during April as more businesses were allowed to open. Progress continues to be made on the fitout of our new Workwear plant in Exeter and we remain on target for completion in the final quarter of this year. In HORECA, volumes in the first quarter were some 11% of normal. We have started to see an increase in activity within our customers as they begin to re-open their businesses in accordance with the various easing of restrictions. During the last two weeks of April volumes were approaching some 30% of normalised activity with further increases expected as the restrictions, particularly on hotel stays, are relaxed. At the end of April, we continued to have 1,450 of our employees on full or partial furlough, although we expect this number to reduce significantly in the coming weeks as employees return to work in response to increasing volumes. We have commenced the commissioning of our new hotel linen plant in Leeds as we plan for increasing volumes. The site is expected to be operational by 17 May, congruent with the anticipated further relaxation of restrictions in England, and will allow us to transfer the work for our Yorkshire based customers that is currently processed in North Wales. Furthermore, the factory locations that were mothballed over the winter months are also now operational, albeit with reduced headcount in line with current volumes. We continue to be confident in our ability to be agile and responsive to increasing volumes from our customers as the hospitality market recovers over the coming months. Our strong balance sheet means that we are well positioned to continue to invest in the business to support our long-term growth prospects. As previously announced, Bill Shannon is to retire from the Board at the conclusion of the AGM. At the same time, Jock Lennox, who was appointed to the Board on 5 January 2021 as an Independent Non-Executive Director and Chair Designate, will become Chair of the JSG Board. The Board would like to thank Bill for his significant input and counsel during his years as both a Non-Executive Director and latterly as Chairman
wad collector: I missed the TU last week "ohnson Service Group PLC ("JSG" or "the Group") Pre-close Trading Update JSG, a leading UK textile services provider, is pleased to provide a trading update for the year ended 31 December 2020. Trading since our previous update on 17 November 2020 has continued to be impacted by the various lockdowns and Tier restrictions, particularly in our Hotel, Restaurant and Catering ("HORECA") division. Notwithstanding this, we expect the adjusted EBITDA margin for the full year to be slightly ahead of that achieved in the first half. We estimate that we will report a net cash position (excluding IFRS 16 liabilities) of some GBP6.0 million as at the end of December 2020. The Group is currently impacted by the various ongoing lockdowns and restrictions and we will continue to adjust our processing capacity and resources to match the volumes required by our customers. As in the previous lockdowns, we expect that our HORECA business will be disrupted significantly more than our Workwear division. We expect to announce the full year results in mid- March 2021."
davebowler: Puma AIM report- Founded in 1817 as silk dyers by the Johnson brothers, the company evolved through the twentieth century into a UK leading chain of dry cleaners and subsequently a textiles rental business providing workwear and linen hire. The work wear and linen businesses came to dominate the company, while the dry-cleaning business declined, which resulted in its disposal to Timpsons in 2017. Johnson Service Group now constitutes two divisions. Workwear is the UK’s number one work wear, protective wear and workplace hygiene services provider processing over one million garments per week. Its other division is Horeca a leading UK provider of linen to the hospitality industry. Our conclusions As stated in the Investment Policy, we look at companies through the prism of three factors; quality, growth and valuation. While we aim to buy high quality, high growth businesses on a low valuation this is not always achievable and most investment decisions involve a trade-off between these three factors. 1. Quality: Workwear with its market leading position earns strong operating margins of between 17-18% a year. Horeca, which has a strong position in a more competitive market earns margins of 10-12% in normal market conditions. Post tax returns on capital employed are good exceeding 10%. ESTABLISHED 1817 SECTOR Support Services PRICE AT END OF QUARTER 139.9p MARKET CAPITALISATION £621m The company has generated free cash in each of the last seven years. 2. Growth: The company can continue to grow both organically and by acquisition. The work wear business has held up remarkably well during the pandemic, with only modest impact from the first 2020 lockdown, with volumes in April down 12% improving to down 6% by August. Horeca was much more negatively impacted as would be expected as hotels and restaurants were largely shut down. We do not expect this business to show a meaningful recovery until Coronavirus is behind us, but we expect a strong recovery when it is, with materially increased demand for holidays and eating out. Beyond the initial recovery we expect the business to grow through a combination of market share gains, growth linked to increasing employment and further market consolidation particularly in the Horeca division. 3. Valuation: In May 2020 the company raised £85m of new equity, which substantially de-leveraged the company’s balance sheet. This combined with the continuing profitability of the Workwear division meant that when we came to start purchasing shares in October 2020, we were confident that the business could make it through the short-term negative impact of the Coronavirus on its Horeca business. Given continued lockdowns it is very hard to predict where results will go over the next year, but we believe that there is considerable upside potential when things return to normal.
wad collector: Sp is now back to where it was a yr ago. Is the worst behind JSG now?
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