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Michael Masterman talks on WRES potential & Tungsten market

Member Info for thistle

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Member Since: Mon, 11th Oct 2010

Number of Share Chat Posts (all time): 11,679
Number of Share Chat Posts (last 30 days): 4

Last Posted: 22 Mar '17

Post Distribution over the last 30 days

22 Mar '17

Another broker downgrade!

Credit Suisse has joined the list of City firms that has fallen out of love with Berendsen PLC (LON:BRSN), the laundry and workwear outfit.

The Swiss bank has downgraded the stock to ‘underperform’ from ‘outperform’ and has slashed the target price to 700p from 1,200p, finally catching up with the battering the stock has taken since the profit warning of late October.A lack of investment into the business over a number of years means that the business now requires a meaningful injection of capital over the next few years alongside a re-vamping of operational and information technology processes, Credit Suisse reckons.

The management team is on the case, but the Swiss finance house calculates that the cost of the investment needed to right the ship will lead to negative free cash flow for the next three years.

“Higher depreciation and interest charges, resulting from the additional investment, combined with on-going wage inflation will, we think, more than offset the benefits from the productivity benefits of additional investment,” Credit Suisse said.

In short, Credit Suisse thinks the textile services group faces a period of rising leverage, lack of cash generation and sluggish operational performance.

The shares do offer a 3.8% dividend yield, which Credit Suisse expects the company to fund from its balance sheet until 2021, when the company should start generating positive cash flow again.

Shares in Berendsen fell 3.6% this morning to 783.5p
22 Mar '17

You still got the Janitor's job here....thought you'd be retired by now! :O))) are you?,,,,still happy living down South.....Snow up north yesterday...ATVB x
17 Mar '17

I'm good thanks Hicks and I did buy back in this morning....only a few though

not that I follow or take any notice but some folks do..........

Scotgold Resources Limited (LON:SGZ)‘s stock had its “buy” rating reissued by equities research analysts at Stockdale Securities in a report issued on Friday. They presently have a GBX 1.80 ($0.02) price objective on the stock. Stockdale Securities’ target price would suggest a potential upside of 242.86% from the company’s previous close.
17 Mar '17

make mine a latte, please! :O))))

you still in here? thinking of getting back in...just a few...purely for senti(mental) reasons! :O)

hope you are well att the best
2 Feb '17

with The Scots it seems

easyJet hits historic high of 6.4m passengers travelling to and from Scottish airports
The low-cost carrier records 11 per cent year-on-year passenger increase and achieves the highest number of passengers any airline has ever flown through Scotland's airports in a single year.
16 Nov '16

I use frequently myself......always busy

B&M Bargains, the discount retail chain, stressed that it is committed to its expansion plans to add another 50 stores next year despite concerns about consumer confidence following the EU referendum.

The company recently opened its 500th store and had total revenues of more than £1bn in six months for the first time in its history following a 18.9pc jump in total sales. The company's growth has been boosted by a huge roll-out in the south east of the country.

However, the discounter's shares have recently been under pressure as analysts have questioned how B&M can deal with the sterling slump, which will mean higher costs for the goods it imports, including toys, garden furniture and decorations. cont.......
12 Nov '15

But to put things in perspective, Rolls-Royce remains a profitable company and one of the world’s top three makers of aerospace engines. Its order book is bulging, the balance sheet is strong, and its liquidity is not in question, even if the shareholder payout now is.
29 Jun '15

Shouldn't you be down the allotment!....How's you doing? time I top up keeps going lower!!!!! ATB
26 Jun '15

scorcher next week? Does that mean you are going to be let loose on the ironing again then? :o)

went to Edinburgh for the day on the train yesterday, hadn't been for years, thoroughly enjoyed it.

Hope all well with you x
20 Apr '15

it wasn't just red it was blood red!!!!!.... we are in the wrong game!!!!!!

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