Zenith Hygiene Share Discussion Threads

[penpont] 19/9/2005 17:22

Nurdin - thanks for directing me here from the DVS thread. Yes, it does look like another of the select band of interesting and undervalued AIM stocks aroung at present.

Don't know if I'll manage to raise funds for any before the trading statement you feel is imminent but I'll watch closely.

[nurdin] 19/9/2005 09:11

Look out for a trading statement this week guys..:o)

[nurdin] 13/9/2005 15:12

I am conviced the Company will either meet or exceed 9.9p for the year just ended.For the year just started Brokers are expecting eps of 14.7p.That puts the shares on just over 10x earnings which look very cheap given the growth being achieved and expected going forward

[cravencottage] 13/9/2005 15:03

They appeared to get a buy in Growth Company Investor too.

Zenith Hygiene - BUY
Companies: ZHG
19/08/2005

Zenith, focused on supplying cleaning products to clients in the food service and hospitality industries, has strengthened its hand in the growing nursing home sector with the £500,000 acquisition of Renaissance. To fund the deal, chairman and chief executive Ringo Francis splashed out £250,000 in cash, issuing loan notes to satisfy the balance. Renaissance supplies laundry and cleaning products to the healthcare and nursing homes sectors, and Francis says the acquisition will enhance earnings in the first full year – its largest customer, accounting for the bulk of sales, is a well-known nursing home operator. Francis aims to drive up margins by manufacturing laundry chemicals in-house at Zenith's plant in Northern Ireland, which was brought on board through the 'critical' 2004 acquisition, SB Chemicals. Zenith can also improve profits by stripping out £200,000 of duplicated costs. Back in May, Zenith's maiden interims to end-February revealed a 23% sales jump to £10.5m, and improved pre-tax profits of £294,000 (£44,000), swelled by business with the likes of Nandos and Pizza Express. Two acquisitions were made shortly after the £4.5m February float: Kent-based Quantum Hygiene, which brought a customer base with an excellent strategic fit, and MP Chemicals. Analysts are gunning for earnings of 9.9p for the full year, placing Zenith on a forward multiple of 16 times. Francis says he can grow sales, forecast to reach £25.5m this year, to £100m within four years, in a hugely fragmented market. Buy for further growth.

[nurdin] 13/9/2005 14:22

Hi rebox...sorry didnt reply earlier.
I expect a trading statement soon now the year has ended...say next week. :o)

[rebox] 07/9/2005 20:09

nurdin

Just come accross ZHG, and it looks very interesting.

Any reason for concern with the lack of a year end trading statement?
I realise that this is a newly listed company etc.

Many Thanks in advance.

Good to see that u have joined the CGR re-rating by the way.

[its the oxman] 01/9/2005 10:56

good to know there are other holders out there - any target price with that Oriel note. further good results could see a move much closer to 200p in my view.

[nurdin] 31/8/2005 13:31

Added a few more...best to buy the dips..:o)

[akjelly] 06/8/2005 12:08

Interesting rise yesterday and The Guardian has posted a note of a rumoured possible contract with the NHS

[its the oxman] 01/7/2005 10:37

shares up - 156p mid and looking good

[its the oxman] 16/5/2005 14:27

good results and shares now pushing ahead - 2h should be stronger and acquisition benefits/savings all seem to be coming through as promised so share price should continue to do well. views or price/broker targets anyone?

[its the oxman] 24/3/2005 11:24

any life out there - current market fall to c.135p looks a good opportunity to enter - I note they were tipped by hargreaves lansdown last month.

[its the oxman] 15/3/2005 11:16

new thread for new stock - just bought on share price fall in after missing the big rally on the Quantum acquisition - pre tax earnings enhancing synergies of 0.5m all sounds very promising and I understand management are very well regarded so finger crossed hopefully this can go places - any other holders with info - brokers notes or forecasts?