Share Name Share Symbol Market Type Share ISIN Share Description
Journey Grp LSE:JNY London Ordinary Share GB00B909HR51 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 241.50p 0 06:38:22
Bid Price Offer Price High Price Low Price Open Price
0.00p 0.00p - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 63.6 3.3 17.2 14.1 31.94

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Date Time Title Posts
04/10/201606:49Journey to recovery282
20/1/201311:31Journey Group Plc-
04/4/200714:51Journey Resources: Empire Mine & Musgrove Creek-

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Journey Grp (JNY) Top Chat Posts

battlebus2: Hopefully we will see a higher share price over time, I did think the offer was a tad low myself. Who voted against??
battlebus2: Recommended cash offer of 240p per share by Jaquar group. A premium of 18% :))
battlebus2: Well this is great news and the share price is already reacting positively. A share buy back programme has been announced.
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.
topvest: Decided to buy into this one again. Reasons are: - Christopher Mills has been appointed + NASCIT have recently taken 7/8% at 120p. Overall, his related entities hold 30%. - Always happy to follow him into an investment as the chances of success are improved. - Outlook refers to US opportunities near term which is what they have been flagging two years out. - Cost base under control and significant management incentive through options recently awarded to increase the share price and presumably exit at double the existing price. - QV Rank is 90 on Stockopedia. - Exit catalyst within 12-18m with activist Christopher Mills onboard and clear US contract opportunities this year which could grow the business significantly. - Good balance sheet. - Possible sale of UK business short-term to fund US expansion? Think this could prove to be a good investment within 12-18 months.
proactivest: Video interview with chairman Stephen Yapp Stephen Yapp, the chairman of Journey Group (LON:JNY), says the American airline industry is the main focus for the in-flight catering specialist. Yapp adds the fundamentals of the business have not changed despite the recent share price decline.
ptgint: Excellent results and promising outlook . It won't be long imho before it gets tipped and we see the share price climb.
topvest: Share price improved quite a bit now the overhang has cleared. Looks encouraging in the run up to this month's results.
stluke: Looking forward to the trading update next month which should make good reading. Since September 12 the share price has fallen 25% but between then and now they have increased the inflight catering to on average 130 flights a day from a 2011 average of 69 an increase of just under 90% due to contract wins with former Continental and Jet Blue. As the same model is being applied to these new flights profitabilty should respond accordingly. The current market cap of £9.2m is supported by £3.2m cash as at 31/08/12 from £1.8m on 30/06/12, it would not be out the question to expect cash to be even higher come finals to 31/12/12. Also debt free. Will be looking to add.
topvest: Bought a few of these ahead of the interim results. Looks in good shape to advance - well funded, two profitable divisions and a capital restructuring completed paving the way for dividends. What clinched it for me was the shareholder list; SVG and North Atlantic Value have 26% and 25% each and then RIT Capital have 13%. The company could not possibly hope to have a more blue chip shareholder base. Mysteriously low share price given the recent contract wins. Can't see the shareholders not getting their money back and they paid double the current price. Worth a go. Watermark was a highly successful operation before it got into trouble and so can't really see a reason why this can't rise from the ashes. Anyone else hold?
Journey Grp share price data is direct from the London Stock Exchange
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