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....well it's 7.6 % to be a bit more accurate. It is very similar to what happened in May. At that point the shares moved up quite a bit. Might the same thing happen here?
24.66 million shares transacted! That's over 10% of the company. Any explanation? Takeover?
Great results on the half year report. They only included 2/3 months of the acquisition contributing too. Operating profit up 20%!
Recommended by Midas mail today Well done all in here!!
Strong update with all measures slightly ahead of expectations. Should see some follow through in price as this gets written up in magazines etc over the weekend
I believe there is a trading update at beginning of July. Does anyone have the date? If so do we know if this will include revenue from the london linen company acquisition?
Hi Orwell. I use Sharescope. I have some calculations when price was 80.25p a few days ago. Last year EPS was 5.44p. 80.25/5.44 = PE = 14.7. Further to that the new acquisition made around 6mil last year. Now there are 330 mil shares POST dilution. £6m/330 = £0.0182 = 1.82p per share from the acquisition. Sooo now we have 1.82p extra at a PE ratio of 14 (ish). That means share price gain at same value as previous shares = 1.82 x 14p = ~25p. That is why I am not hoping for 100p. I really expect it no later than the release of the next update.
HFWizzard, the price is moving up slowly, and hopefully it will get to £1 soon. what PE ratio are you using? This website says JSG are on 28.26!! Where do you get your PE?
Let's not forget the facility they bought in south London has 20% capacity and the business compliments some of their other business. Cost synergies and cross selling. Both great for bottom line EPS.
I thought a march to 100p was a no brainer based to the immediately earnings enhancing aspect of the takeover update. Really excited about the next few months here and if management can integrate this new business as well as the business they bought last year.
Big volums today again after similar yesterday.....it would be good if this consolidated above 80, or above £1 for that matter!!!!!
Thanks Orwell. To come ba into your earlier post we are now post dilution and post takeover completion. My calculations had us much nearer 100p based on the EPS for this year. Also London Linen will be "significantly earnings enhancing" next year as well as last years acquisition performing ahead of original board expectation. I see the next trading update in July and after continued trading momentum I expect sting share price momentum. In summary much closer 100p by July update and much closer 200p like you say in next year or two.
My expectations? Well I bought into JSG some years ago and got caught in the big collapse. I've stuck with them since and got a whole lot more of them on the way up.....so my expectations is that they have great growth prospects, but mostly throught aquisitions. I think that they can be a £2 in 2 years time. Short term they will build slowly. Top class management and hard lessons learnt affter the meltdown of a few years ago.
Hi Orwell, for some reason I have 15th in my head. Laptop not with me today where I keep the details. What are you expectations here?
No sign of it moving up just yet. One would imagine that it should have done so by now if the deal to buy London Linen is a completed, which I believe to be the case at this point. When is this deal 'post dilution'?
Where do people see this post dilution? I would imagine 100p.
Hi all, been number crunching here. Seems that the acquisition will add 1.8p minimum to EPS even post dilution. Given the current PE ratio of 14 this should equate to a 25p price increase. This should be the minimum as we are now able to grow faster as there is capacity in the facility we have bought in Southall, London.
Maybe this is the bit the markets liked most....... that new banking facility.... The new equity maintains the strength and flexibility in our balance sheet which is important as we continue to look for further value enhancing acquisitions," said Chairman Paul Moody.
This is a great development. Market approves, that's for sure. How big player can they become in this industry? Can Johnson become the lead in their sector by acquiring say 2 good size competitors a year for the next few years? Anyone know who the competition is? Who are the likely targets? Who might JSG appeal to in turn? Rentokil?
Investors seem to like todays announcement to buy London Linen Group...a very good buy from someone who spent 35yrs in the industry...
some big movements?
Thanks for the reply. The company does look like a nice solid company but I just wanted to work out whether to invest in JSG or go for something more like UKOG. Thanks again.
I've been invested since before the crash. They reacted very quickly to the downturn - trimming down the company and controlling costs. I'm not sure how much more capital growth there is. They were around 20p! It looks like a good well run company to me.
I have been looking at this company for many months now but have yet to invest, basically because I can't really work out whether my money would be better elsewhere. I have other investments in speculative stocks but nothing solid. Can I ask you guys why you are invested here. Also, would I be right in assuming that the nearest competitor in terms of scale would be rentokil, and if so would JSG be a potential acquisition for them. Thanks in advance
That's a huge volum of trade and quite a few small trades as well.......and on a rising share price....looks good.