Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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2010 Full Year Highlights* · 15% growth in adjusted profit before tax at £192.3m despite poor performance in City Link & Benelux: Ø Strong profit growth in Pest Control (+9.9%), Facilities Services (+21.6%), Asia Pacific (+40.3%) reflecting impact of new management, robust cost control and restructuring programmes Ø City Link structural issues largely resolved but poor operational performance exacerbated by exceptionally challenging weather conditions during peak Christmas trading period Ø Textiles & Hygiene Benelux impacted by weak operational control and severe price competition · 18% growth in adjusted EPS to 7.81p · Revenue down 1.4% though trend improving · Cost savings of £60m in year, 2011 target £60m · Continued excellent cash generation at 114% conversion4 from profit · Net debt now below £1bn, in-year reduction of £154m to £954m · Resumption of dividend remains under review pending turnaround of City Link and Textiles & Hygiene Benelux
http://www.investegate.co.uk/Article.aspx?id=201102180700074567B
Rentokil Initial plc (FTSE: RTO) today announces the acquisition of the Services Division of Santia Group, previously known as Connaught Compliance Ltd, for a cash consideration of £5.6 million with up to an additional £3 million depending on various post closing adjustments. The acquisition is effective immediately and is expected to generate annualised revenues of £24 million. Santia's Services Division consists of 3 business units - Fumigation & Pest Control; Water Treatment & Hygiene; Fire Safety & Prevention. Pest control will be merged with Rentokil's UK Pest business. Water will be merged with Rentokil's existing UK Water Hygiene business within the Initial Facilities Services (IFS) division. Fire will form a separate business unit within the IFS division. Our immediate priorities will be to deliver excellent service to our new customers and to engage with the 430 colleagues who will join us as a result of this acquisition.
Not sure but are q4 results due out on the 14th of this month
Lets hope its on the move again. if they can sort the transport side out it will be a lot better. Wouldn't expect they would have to pay too much for assets of Conaught.
LONDON --Pest control and cleaning specialist Rentokil Initial PLC (RTO.LN) has emerged as the front runner to buy the health and safety operations of support services company Connaught PLC, the Financial Times reported Wednesday. A deal hasn't yet been reached, the newspaper said, citing people familiar with the talks. Two additional transactions in the selloff of Connaught's assets could be completed in the next couple of weeks, it added. Secured lenders are expected to take control of the environmental business of Connaught, which entered administration in September.
thought I was the only one left to carry the baby! looks like the Physiological 100p resistance will remain breached this time around
Thought it was not going to happen, then all of a sudden............................ You never know
Heading in the right direction again! Phew...now that what I call a 3 month sabbatical
...if they are based on a meritocracy. This firm has corrected the ship in Europe and NA....but the Asian Unit stinks. Old Boys club led by David Liu, who as you all can research is a bum-buddy of the ex CEO doug flynn. If you look at the current country manager of Thailand....is there a reason he was moved there from HK?? He got a girl pregnant...how about that for a reason to be an ex-pat. DYOR...ask questions, these are the FACTS!!! Once the Asia ship is steadied then RTO will be the firm it once was. The current BOD in UK doing a sterling job.
Bit disapointing but could be a good time to buy in to catch the next upswing
Could we see fireworks on the 5th Nov trading update? lets hope its all positive.. GL
early next month. Interested to see if sp creeps up towards then. See if cost cuts remain on target.
Privately-owned German cleaning firm CWS-Boco could be a predator for Rentokil Initial, the Financial Times market report said. The Daily Express market report also noted 150p a share bid talk for Rentokil.
that in the Asia Pac region the Top Guy is the ex CEO "buddy" from his old firm. Gets worse, he then parachuted one of his "mates" into HK, and then he had to relocate to Thailand as he got a girl pregnant. Need to acquire CWS to get growth, the sad fact is that items such as toilet paper in the past were classified as "job" work, is now grouped under "contract" work, so that it looks like the portfolio is growing. SHame really as the European business is very well run.
Hello , I am buying RTO now , my stop will be a daily close under 99p . The reason being the chart is showing a clear daily golden cross on the moving averages that i use and price has now retested the MVAS . Previous crosses both bull and bear have been exceptional on this chart. Hope this helps. Ian.
made a farthing or two here but moved up the stop loss after the open hysteria and been kicked out bobo.Sorry fellah
Managed to avoid holidaying at her majestys pleasure thus far, although I have pushed my luck on occasions. I will nudge the stop up as you suggest. Have you made a touch out of LDP today, I may short them soon if all this silliness carries on
see how the day pans out,ftse off 26,in the city it is poets day today.Tightened up the stop loss now.Now what to look at...bobo...you out of your slippers and jimjams yet....did you say portugal or broadmoor
On the move now
Well, an underwhelming response, I will see how the day pans out. Anyway I can't get in my IG account on my phone... And I'm in bed with a hangover. See you later
Rentokil Initial reported a 39% increase in adjusted profit before tax of £77m in the half-year to end-June, on a 2.3% decline in revenue at actual exchange rates (AER). Rentokil said cost savings of £40m were running ahead of the £75m full year target. Operating cash flow was £69m (2009: £117m) representing 100% cash conversion at AER. Net Debt was £1.044bn (December 2009: £1.108bn); Pension Fund deficit £19m (December 2009: £64m). Rentokil said customer retention improving across the group, though much still to be done. Alan Brown, CEO, said: "Rentokil Initial increased adjusted profit before tax by 39% in H1 and at the same time increased the pace of structural change across the group with further reduction of operating sites in City Link and Textiles & Washrooms. We have also announced the merger of our UK Pest & Washrooms businesses, building on the progress in turning around these operating units over the past 18 months. Significant progress is also being made on systems & process improvement. "These changes are essential as trading conditions continue to be challenging in most of our markets, continental Europe in particular. This is evidenced by continued strong pricing pressure in a number of categories. Despite this, our businesses are delivering consistent performances against internal operating profit targets and our full year expectations remain unchanged, subject only to the potential adverse impact of the weakening Euro on the translation of results to Sterling. "We remain focused on our growth agenda, and whilst there is much still to do, we are making progress in laying the foundations for future profitable growth." Story provided by StockMarketWire.com
http://www.investegate.co.uk/Article.aspx?id=201007300700152091Q.Adjusted profit well up.
I worry for some people. I run a business, I know what happens when you run out of cash, it nearly happened to me a few years ago. The banks don't mess around, they won't throw good money after bad. I guess it's like hanging on for drill results, all or nothing. Worries me to death these days. Some people seem blind to the risk.
quite a swing in this today 101.8 it dipped to.Seems to have settled atm,pity, if it had kept going I would have added before close. those aim shares,need to be hugely selective in future,especially the oilers which I love,but staying in till results is not for me anymore.Noticed you were in full flow on cnt the other day.....I longed it for a day on the bounce,then shorted it the next day