Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Sp, is below previous major uptrend line, so sp, may rally to 2894, where resistance is expected from meeting the trend line. If price can overcome 2894, resistance would reverse to become support. Fundamentally the equity is not impressive, PE20, and yield 2%. Rally could be opportunity to unload. BNZL holding for something better equity wise.
Good find I'm expecting similar results
regret buying in here....any good news on the horizon?
apart from the upcoming dividend next few weeks?
BUNZL (BNZL LN) REITERATED WITH SELL AT UBS......good level to short for me
is a joke . 1380 is not a representative price. Try 1580 this morning at 0815. Bunzl was tipped at the weekend as one of the few companies which could profit form the virus.
Hoping it's overhype! I got in this morning with 65 shares with a view of holding long term.
Do not agree with the downwards movement - scaremongering a big tactic. On a more positive note found another fantastic book to keep the investors mind positive - one of them books you can pick up and get that positivity back. The Future is Small: Why AIM will be the world's best market beyond the credit boom by Gervais Williams is highly rated. See link -
https://amzn.to/2V4p51o
an overreaction to the figures, which although not great, are not that bad. So have bought some more....
Can Bunzl distribute some good vibes following Wednesday’s first quarter update?
While it may have overcame the setback already, late-February’s full year results were not well-received by investors, who focused on the 50 bps decline in the UK & Ireland’s operating margin due to ‘challenging market conditions’.
Any word on further acquisitions will be sort after on Wednesday, while investors will be keeping an eye on Bunzl’s UK margins given that trading conditions have been no less ‘challenging’ over the first quarter.
Read what Spreadex analysts have to say, or watch a 60 second earnings preview video, here: https://spreadex.com/?tid=389658
That's better only 30p down now.
the 100p plus fall today on such limited trading ?
Long term bullish this looks like a retracement https://uk.tradingview.com/chart/BNZL/WUg1PdH1-BUNZL-before-Pre-Close-Trading-Statement-Release/
any idea what has caused the big decline in the past few days ? Down another 70p as I write.
BUY for TARGET 1740 The Major trend of BUNZL PLC show buying side. If it breaks the resistance level of 1720 then it can test resistance level for the target of 1740 with the stop loss of 1700. Stock is trading in a range and trading near the trend-line. Breaking the resistance line will lead to upside movement. Stock is trading below the 50 DMA with positive bias. RSI is trading near to 57.37 level with positive bias, in upcoming session upside movement is expected. MACD and Signal line is sustaining above the zero level line. Skype tayal.smith1
Bunzl: Bunzl is buying anything that moves. Its agreement to snap up Meier Verpackungen, which distributes food packaging, heralded its entry into Austria, but the firm also threw in for good measure deals to take over two hospitality businesses in Australia, and Chicago-based workwear supplier Steiner. Chief Executive Michael Roney said the firm still had “a promising pipeline of opportunities and ongoing discussions taking place”, and it’s not surprising given that deal-making helps Bunzl achieve the scale that makes it successful in so many markets from cleaning supplies to plastic cups. Evidence of its success came in the form of a 5% rise in half-year revenues to £3.1 billion. Pretax profits rose 6% to £187 million, not including acquisition costs and the pesky exchange rates that have hammered numerous FTSE 100 firms with overseas operations. Questor has long championed Bunzl’s bulk, which makes the group boring but dependable. Shares were changing hands at 24 times future earnings, a ratio that was pushed up by the broad market rout. The company continues to look solid and pricey over the long-term. Bunzl at £16.71 -114p. Questor says “Hold
Hope so as have bought in today for recovery. In my view the latest figures did not warrant such a price fall.
Bunzl’s winning formula for investors: Bunzl keeps the British retail industry working while at the same time delivering excellent investment returns and dividend income to shareholders. The distribution and outsourcing company sells items such as plastic bags, latex gloves, hairnets, safety goggles and cleaning supplies used throughout the food retail industry and supplies traders around the world from FTSE 100 companies to corner shops. Revenue is split 54% in the U.S., 18% in Europe, 17% in the U.K. and Ireland, and 10% the rest of the world. There were no surprises in yesterday’s trading update with group revenue for the half year expected to have increased by 6%. Market consensus is for full-year revenue to be up about 8% to £6.66 billion, giving pretax profits of £413 million, and earnings per share of 91.4p. Bunzl is a classic “steady as she goes” dividend stock that is interesting to investors because it delivers few surprises. We like the company and would keep an eye out for any market dips. Bunzl at £18.52-39p. Questor Says “Hold”.
Hold on to big and boring Bunzl: Questor last looked at Bunzl in October and rated the distribution and outsourcing company as a hold back. In fact, the business - which describes itself as a supplier of “essential items the customer uses but does not actually sell” - has been consistently tipped as a hold during all its run-outs in Questor over the past two years. It’s not necessarily a kind to say about what is a great company, but Bunzl is big and boring. And that’s why Questor likes it: you know what you’re getting and the news is generally good. Posting its annual results, the FTSE 100-group reported revenues in the year to December 31 edged up 1% to £6.16 billion, while pretax profit rose 3%. Operating margin was 20 basis points better at 7%. This performance came despite the company taking a hit from the pound’s strength. To put that in perspective, U.K. and Ireland represents about 17% of Bunzl’s revenues, Continental Europe a touch more, North America more than half and the rest of the world just under a 10%. With such a geographical spread, Bunzl’s performance was largely lost in currency translation. On a constant currency basis, revenue rose 7% and profit before tax adjusted to take into account intangible amortisation and acquisition costs was 10% higher. Investors recognised the impact that sterling had and Bunzl topped the blue-chip leaderboard in early trade with the shares hitting a record high, before paring back that gain. The dividend is solid too, with Bunzl upping the full year payout by 10% to 35.5p, giving a yield of 1.9%. This policy of raising the dividend is something Bunzl has a 22-year track record of achieving. The payout is also well covered. Free cash flow was £276.5 million in the year – down £25.3 million on last year – but still giving coverage of 2.6 times. Bunzl Plc at £15.57. Questor says “Hold”.
Bunzl published its full-year results for 2014, revealing a 4% increase in adjusted pre-tax profit to £387.8m and a 10% hike in the divdend. The company also unveiled its latest two acquisitions, Quirked in Spain and Jan-Mar Sales in Canada
This could be ready for a 5% minimum rise.
Hold Bunzl despite pounding: The strength of the pound has hammered revenue and profits at Bunzl during the first half of the year. However, maintaining a long-term investment in the company is wise if you dig a little deeper into interim results. The FTSE 100-listed distribution group has carved out a successful and sizeable niche by supplying the food retail industry with bags, stationery and plastic display items. The company also provides workers as diverse as cleaners and surgeons with products such as latex gloves, safety goggles, aprons, and face masks. The one common factor being that these items tend to be thrown away after use. Because the products are consumable and provided to industries such as food retail and health care the revenue is recurring and stable. Bunzl’s business model is one of centralised bulk-buying of these disposal products to reduce costs and the products are then distributed to customers. Bunzl continued this strategy by snapping up four U.K. companies to add to those it purchased during the first six months. The company spent £119 million in the first half on acquisitions, down from £150 million at the same stage last year. The first half results were hit by the strong pound. In the six months ended June, revenue was down 1% to £2.9 billion, with pretax profits up 2% to £132.3 million. However, adjusting for the impact of currency movements, revenue would have increased by 7% and pretax profits would be up 14%. Bunzl growth has certainly slowed in the first half of this year due to the strong pound fewer acquisitions to boost growth. Questor thinks that with growth in the single digits it is hard to justify the price earnings ratio of 20 times on the shares, falling to 19 times next year. That said, Bunzl is still cash generative and remains a class defensive share due to its dividend track record. Bunzl at £16.39+9p Questor Says ‘Hold’.
MACD zero line crossover...very good for 10% as FTSE.
Bunzl: JP Morgan takes target price from 1200p to 1290p keeping an overweight rating.
Bunzl: Numis increases target price from 1248p to 1505p retaining a buy recommendation.