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Plus share buy back!
Just saw this:
SocGen raises Compass Group price target to 2,000 (1,750) pence - 'buy'
That's on top of recent upgrades from others, following trading update:
HSBC raises Compass Group price target to 1,970 (1,920) pence - 'buy'
Credit Suisse raises Compass group target to 2,100 (1,950) pence - 'outperform'
SP @1770 - back to Feb 2020 pre-pandemic levels. RNS - Q1 revenue up 39%. SP should be 19xx for fair value but may be chances to buy in at 16xx with current worries about economy, inflation and cost of living. High of 2019 was ~@2135p
Today I sold that tranche bought @1456 July 2021. Happy with the profit (18%). Got another tranche I'll keep for now.
Year high, lovely jubbly. Merry Christmas.
This should be getting above £16 very soon with those results
Happy with the results today. Highest riser on my watchlist. Expecting a good 2022. Hold and add on dips.
- "Fourth-quarter revenue recovered to 88% of 2019 levels."
- "Net new business wins was a record 2.1 billion pounds, around half of which were from companies outsourcing their kitchen needs for the first time to cut costs."
- "Compass, which suspended dividends in April 2020, said it would pay an annual dividend of 14 pence per share."
- "Compass expects fiscal 2022 organic revenue growth to be 20%-25%."
Bets placed.
Just added some more on the dip. Feel it's oversold. Good value.
Not great so far this week, (- 6% ) after steady progress YTD. Outstrips the other concerns this week over inflation etc but no news yet on divi reinstatement also having an effect I'd say.
Time to see the headlights this week. Let hope for talk about returning the dividend in part.
Interesting and agree with you guys ie why so unloved but then again it does well with the larger corporate investors, just doesn't hit the headlines. (other than the crappy school meals!) I picked this in among a few others last year when I was thinking about lockdown recovery, it was simple as that. Lost out bad as the second wave hit home but won back bigstyle on the vaccine news. Might be oversimplifying but believe Compass can only keep recovering as people get back to work, travelling etc....And no more crappy school meals for the kids, please!
More likely to see £20 rather than £10 again. Great cash cow.
More likely to see £20 rather than £10 again. Great cash cow.
Missed out on the rise to 1613, should have sold a few more.
Smart move - especially with price movement today.
I agree this (unloved) stock seems to present short term opportunities as well as a longer term one. Unfortunately I missed the party, coming in at 1450 so holding as the LT play and will only add more if it drops below 1350 (with target of 1550) so a bit lower than your own range. It's not a get rich quick guarantee by any means because patterns can change of course. If it doesn't go down that far again then will just be happy with my LT investment. Only real danger is if it goes below 1350 and keeps heading South but very unlikely IMO.
So again, well played!
Sold a few at 1582 - lovely.
Aiming for zero cost shares here or a larger holding with a sub £9 average. Well on track. Currently buy at low mid 1400s selling high 1500s. Works well.
When all is normal and the dividend resumes I will be delighted. I always keep a minimum core of 2000 shares here.
GLA
Good company. Top keeper. Plenty upside still to come. Needs a bit of patience, buy on dips as you say, take profits along the way but always keep some in the game. Very confident to be in here.
Buy dips. DYOR.
Robust trading despite covid.
Quietly getting on with the job and repositioning well.
Quarter on quarter improvement continues.
I am buying any dips especially any overreaction down.
Worth a trade.
Holding at 71% of 2019 revenue with sector qtr on qtr improvement.
The Group's operating margin is expected to increase by around 130bps from 2.7% in Q1 to c. 4.0% in Q2, resulting in a half year margin of c. 3.4%, despite similar volumes quarter on quarter
CPG - cracking for trading swings hit it right and you snooker racking.
It reminds me off an elastic band at times and it never snaps.
Won't be long until the dividend is restored in some fashion and we see new highs.
DYOR
Trading Update Good (SP up 4%)
Although the news around vaccinations is encouraging, the pace of volume recovery remains uncertain. As we enter the second quarter with varying lockdown measures in place across our key markets, we anticipate that Q2 revenues and volumes will be broadly in line with Q1. Despite this, we expect second quarter operating margin to improve by a further 50-100bps.
We are encouraged by the strong pipeline of new business which includes first time outsourcing and share gains, particularly in the more defensive sectors of Healthcare & Seniors, Education and Defence, Offshore & Remote. We are confident in our ability to rebuild our Group underlying margin above 7%, before we return to pre-COVID volumes.
As a reminder, we still expect our leverage ratio to peak around the half year due to the COVID impact on the trailing 12-month EBITDA calculation.
Looking further ahead, we remain excited about the significant structural market opportunity globally, a return to organic revenue growth, continued margin improvement and returns to shareholders over time.
Those making the decisions at Compass Group should be ashamed of themselves and deserve all the negative press they get.
I advise anyone here to jump ship before the investigations begin and the price here gets hammered. Nobody is going to want to own shares in a company as unethical as this and rightfully so.
The irony is they are likely to receive more Gov't money because of the shoddy food parcels .What it does clearly demonstrate unfortunately is what a whopping profit they must be making out of it .
These Children deserve better.