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JNY Journey Grp

241.50
0.00 (0.00%)
10 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Journey Grp JNY London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 241.50 01:00:00
Open Price Low Price High Price Close Price Previous Close
241.50 241.50
more quote information »

Journey Grp JNY Dividends History

No dividends issued between 11 May 2014 and 11 May 2024

Top Dividend Posts

Top Posts
Posted at 23/8/2016 07:14 by battlebus2
Recommended cash offer of 240p per share by Jaquar group. A premium of 18% :))
Posted at 03/3/2016 20:11 by p1nkfish
good to see it brought forward to aid holders given dividend tax changes due.
Posted at 03/3/2016 07:21 by battlebus2
Nice dividend announced this morning.
Posted at 05/1/2016 11:47 by topvest
Well a fantastic start to the New Year for JNY following the share buy-back. Looks like there is a shortage of stock around to be honest.
Posted at 03/8/2015 08:09 by battlebus2
I've added in flight products specialists Journey Group to the portfolio. We all know how bad airplane food can be but Journey's model differs from the way meals are currently made and distributed by the likes of Gate Gourmet, it promises a revolution in food on the go, if not in terms of taste, then in cost and flexibility. To understand what I mean you have to first know how airline catering is currently conducted. Thousands of starters, main courses and puds are cooked and packed in large, expensive kitchens on airport property. No surprises there.It means the traditional caterers are expensive and low margin, while the airlines have little say in what’s served up to their passengers.These businesses are asset heavy and require a lot of ongoing investment to maintain.

Air Fayre has turned the model on its head by using specialist food suppliers and high-end restaurants and hotels, rather than its own kitchens, to cook its food in the down-time between sittings.This means the model is relatively asset light (although it has invested in chilled warehousing and refrigerated trucks). It also means the airlines are able to specify which meals it wants to carry on its next cycle.The carrier is then charged the price of the meal plus a margin on top to cover wastage and breakage.

Air Fayre (Journeys main revenue earner) makes its money by levying a handling fee per plane depending on its size and destination.This covers the cost of putting the chilled meals on trays, stacking them on trolleys and transporting them air-side in chilled trucks.The process has been patented, which has warded off potential competitors. This protection lasts until 2022.All this takes place around 10 miles away from the airport, which means the premises are cheaper and labour can be non-unionised.Contrast this with Gate Gourmet and LSG, which are based at the airport, which is heavily unionised.The acid test that this works is that the business is now scaling up, winning new customers.Where its competitors’ might earn single digit return on sales, the Air Fayre model generates a much better return.The risk to Journey is the renewal of the United contract, which accounts for the majority of Air Fayre’s turnover.However, this is unlikely to be a problem, as the consistently high quality of the food and the punctuality of deliveries have earned Air Fayre a top award from United.

And the opportunity is huge if it can replicate the template it has created at LAX at other hubs across the States. It could find itself with a decent slice of pie worth US$2bn annually.

JNY produced a PBT of 2.02 million last time around and forecasts are for 2.38 this time with EPS of 12p leaving them on a P/E of 13 and a dividend of 2.2%, while cheap this doesn't take into account the cash balances of £4.25 million. Forecasts for Dec 2016 show PBT of 2.67 with EPS of 13.41 with the P/E falling to 11.
Current share price 157/161 so the spread is very reasonable. IMV now maybe the opportune time to buy given the new contracts they have been signing like the one recently announced with FEDX, Stephen Yapp Excutive Chairman who was also director at another co i hold (ALT) said, " the Board is confident that the Group has now entered onto a new strategic path for growth from 2016 onwards." Negatives could be the few lumpy contracts and if one major deal was lost this would have a material impact on the co. I also didn't realise until i started researching that Chris Mills is a major holder here and was appointed to the board in January 2015 so a big plus given his track record. Just my musings so as ever it's a long term buy but DYOR ETC...Initial target price £2.
Posted at 25/3/2014 09:07 by philanderer
Good numbers confirmed today.

and...

The Group paid an interim dividend of 1.25 pence per share in December 2013 and, in line with the Group's progressive dividend policy, the Board has decided to recommend a final dividend for the year of 1.5 pence per share, making a total of 2.75 pence for the year and representing a 10% increase over the previous year. The total dividend is covered 2.6 times by adjusted diluted earnings per share from continuing operations. If approved by shareholders, the ex-dividend date will be 28 May 2014 and the dividend will be paid on 27 June 2014 to shareholders who are on the register as at the close of business on 30 May 2014.
Posted at 22/3/2013 07:35 by a1samu
HMT, I like your wishful thinking, it suits you. 100000 x .1p = 10000 pennies = £100.00, since there is 100 pence in the £. The time will come when the dividend will be raised to 1p, which will result in your hoped for dividend income. I hope you found this maths lesson of use!
Posted at 21/3/2013 20:35 by topvest
Good results and 0.1p dividend. Decided to sell mine at a circa 25% profit in 6 months. Don't normally sell so quickly, but decided that selling at twice the price Lord Rothschild and RIT sold (only a couple of months ago) was a pretty good return in 6 months. Outlook is good in the US but a bit dodgy in the products division in my opinion. Overall, the management team have done very well here. There is big upside if the patented US operation does really have competitive advantage.
Posted at 21/3/2013 18:11 by hmt
Am I right in saying that a holding of 100k will earn £1000 in divi payment?
Posted at 30/1/2013 09:35 by stluke
From a personal investment point of view I would like OIG to have picked them up as I have a large holding there and I think the potential for JNY in 2013 is really good especially if they can seal a further airline deal.

Should get a trading statement in a couple of weeks which hopefully will maintain current upwards trend.

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