Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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MOMENTUM INVESTING - JOURNEY (JNY) I bought at 168p on 14th of October 2015. Check for more: https://www.facebook.com/fkinvestments
and recd today again too so interest continuing to develop. very niche sector
Mentioned again in Midas tips and nice little steady rise recently from 113 level...should see what happens from here....all the best folks
http://tinyurl.com/ndj6hpv 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.
On the move, bid 158, ask 160
GREAT RNS Journey Group plc (the "Group"), a leading provider of catering services and in-flight products to the international airline and travel industries, today announces its results for the year ended 31 December 2013. Positioned for growth Strategic: · US Division focusing on identified significant growth opportunities within its existing customer base · Disposal of MNH for a headline consideration of £900,000 · Group now comprises two businesses, Air Fayre (the US Division) and Watermark Products (the Products Division) · Re-positioning Watermark Products to focus on up coming opportunities in Asia Pacific, North America and the Middle East · Reorganisation of Group Board and Watermark Products' senior management leading to annualised cost savings of approximately £700,000 by early H2 2014 after a one-off cost of £430,000, with £114,000 already incurred during 2013 and £316,000 to be incurred during 2014 Operational: · US Division operating profit increased by 72% boosted by successful transition of the former Continental Airlines traffic at Los Angeles International Airport ("LAX") and the JetBlue Airways traffic at Long Beach Airport · Post year end the US Division won second contract with JetBlue Airways at LAX and during the year new contracts with Federal Express and North American Airlines also at LAX and has become a multiple client business · Watermark Products renewed two key contracts with Delta Air Lines and British Airways Financial: · Adjusted profit before tax from continuing operations stepped up 77% to £1,828,000 (2012: £1,035,000) · Adjusted basic earnings per share from continuing operations up 65% to 8.29 pence versus 5.01 pence last year · Loss from discontinued operations of £941,000 after exceptional loss of £1,064,000 · Net cash increased by £1,299,000 to £4,410,000 · Interim dividend paid of 1.25 pence per share with a proposed final dividend of 1.5 pence per share, making a total of 2.75 pence for the year and representing a 10% increase over the previous year Stephen Yapp, Executive Chairman commented "2013 was the second successive year during which the Group grew substantially its profit before tax and net cash position establishing an increasingly strong financial position. The disposal of MNH left the Group focused on two distinct activities. Watermark Products is being re-positioned to focus more effectively on up coming growth opportunities primarily in the Asia Pacific, North American and Middle East regions. Most importantly, Air Fayre is focusing on growth opportunities available in the next two years where it can replicate its successful business model with new facilities. It has identified
www.dailymail.co.uk/money/investing/article-2586909/MIDAS-SHARE-TIPS-Tasty-airline-food-So-tuck-Journey-Group-shares.html
Not trading on 9.5x earnings. 2013 earnings are forecast to come in around 7.9p, which looks set to happen. If you add in the dilutive effect of the warrants, the 'true' EPS will be around that figure which puts them on a PER of around 17. Strip out cash and inventories and add back net payables, and you end up removing £3.2m from the market cap (~17% of the mkt cap). That drops the share price down to 112p, which puts the stock on a PER of 14 which is perhaps a tad low given the strong increase in profitability this year. EPS next year is predicted to be around 9.4p (presumably post-warrants) so its trading on a forward PER of 14.4, or around 13.1 if you strip out half the net cash/equivalents. What's fair for a company like Journey? Probably a forward PER of 16-18 net half of the cash/equivalents. A forward PER itself is 150.4p - 169.2p. Add back 1.6m in cash/equivalents and you end up adding around 11.6p so 162p - 181p. Can add a few more pence for cash generation over the course of the year if necessary. If this gets marked up at the open to above 150p, then immediate upside (without corporate action) looks a little limited, on normal valuation metrics, considering that Journey is pretty illiquid. Hope that helps. El1te
It might be better to take a spreadbet.
Buying pressure tomorrow morning will add approx 20-30% imho. Very few shares in issue too.
Looks cheap at 9.5 x earnings
Recd today by midas share tips. Results on Tuesday too.
Any thoughts on the sell off of assets
Wow! looks like the consolidation may bring about a bit of stabiolity to the share price and have the deired affect. I'm used to consolidations causing a drop in share price followed by the usual announcement of a rights issue. Well done BOD!
Interesting
Share consolidation. http://whl.financialexpress.net/investegate/Article.aspx?id=201305140700076094E
could anyone please explain this, have we found a huge undiscovered cache of raw diamonds or oil ?
once we break the 5 barrier we should go up
x2..biggy..
big trade....
slow;y going up ?
Just no volume to move the share price. Loooong term hold. Lets hope a good reputation wins us a few more contracts
http://www.investegate.co.uk/Article.aspx?id=201210250700074759P
Is there any news at all on this share , been in it for years now no movement