Berendsen Berendsen PLC (BRSN:LSE) SatSunMonTueWed 750775800825850875 's (BRSN) chief executive, James Drummond, has significantly upped his stake in the company, purchasing 122,840 shares for more than £1m. It's a bold move for Mr Drummond, who joined in August 2015. This latest transaction dwarfs his previous two share purchases, made via two separate tranches of 10,000 shares in 2015 and another in 2016. The shares fell more than 10 per cent following the release of the textile group's most recent results earlier this month. Operational problems have plagued the UK business due to a lack of investment in people, plant and machinery. An ambitious plan is under way to get the business back on track, but problems are expected to persist this year. The transaction makes Mr Drummond the second-largest shareholder on the board, overtaking chairman Iain Ferguson, who owns 125,000 shares. He does, however, still lag behind finance director Kevin Quinn, who owns just over 205,000 shares.
Berendsen's Berendsen PLC (BRSN:LSE) SatSunMonTueWed 750775800825850875 (BRSN) full-year returns were overshadowed by operational problems with its UK business, sending the shares tumbling more than a tenth after the textile services provider admitted problems there would continue to affect profitability in 2017. Chief executive James Drummond cited a period of underinvestment in people, plant and machinery, which led the UK business to lag behind its overseas counterparts, and margins to contract from 2013 to 2016. The group plans to invest around £450m in plant and machinery over the next three years, £200m of which will be focused on the UK. The group is expecting adjusted operating profit for 2017 of £150m, down from this year's £161m result, with profitability split roughly 40:60 between the year's halves. Domestic operations were generally a drag for the group, but outside this country revenues grew by 3 per cent at constant exchange rates. The healthcare division grew in Sweden and Ireland, but was offset by poor performance from the UK. And it was a similar picture in workwear, where underlying revenues grew 2 per cent to £347m, with growth in Europe offsetting a 1 per cent decline at home. Analysts at HSBC are forecasting adjusted pre-tax profit of £131m and EPS of 58.8p in 2017 (2016: £140.6m/63.1p).
They will need to do better than free coffee then. Maybe they could give away free fajita?
on 3rd March bod bought at 8.2p according to the RNS yet FT published the buy at 820.05p. I presume 8.2p was the correct price and it was a special deal.
The chart really does not look good here. Next step down will be 660p. The last results were not great and it's been a domino effect. Could be a great buying in price some time in future especially if the markets crashed.
Seems to be a lot of buys going through. Tried a sell and was offered 2.37p
Can anyone actually see the circular? www.audioboomplc.com (the "Circular").
It's fine with me. Nothing wrong with your post imo.
This continued revenue growth, coupled with focus on cost management, results in the Board targeting the Company being cash-flow positive on a monthly basis during the final quarter of 2018.
Actually, charts can been seen to going either way depending on how you look at it and both ways can be right until it actually happens. Once again very few trades (4) and it looks very dismal looking at the trades page here on LSE. Massive amounts of sells compared to the buys. But, as always, this is very deceptive. Sells show up as buys and buys as sells. All you really need to notice is, is it up or down. And today it's neither! Personally I think Slater group are still selling and as the volume is very low it is taking ages to do. The good news there though is Slater Group can't possible have much more to sell. I do personally think this company is going to be a good buy, but I do think there is a 50/50 chance it will drop lower before it progresses. The next 3-5 weeks could be the defining time and you have to remember businesses take time to progress so patience is the key. Slightly off topic, I was watching another company today, similar in some ways to this. Unfortunately it screamed out "do not buy", but most people do not see it. The company in question goes by the ticker of BOS. No bod buys, but a bod who has a reputation of closing down a company and screwing the PI's. Today a RNS landed there, telling of the company buying 40% of a top Australian company called Call Design that has dealings with 26 countries. This 40% has been bought for £280k and 5 million shares @ 50p (7.35% dilution). No figures of what the books are for this company are divulged. So, many investors are seeing this 50p, and thinking BOS must go to 50p and beyond or this Call company won't get them. Well, any decent company would be worth a great deal more than £280k for 40%, unless they are not making profit or little or even have debt. The shares given at 50p are free by the company and cost the company nothing to do. (They only cost the share holders). And if a company was worth more than £280k for 40%, they would certainly ask for the cash upfront instead of taking a gamble. I do feel sorry for those who bought in today, but the morale of this story is, sometimes, it's better to be in a quiet share. All the best, and have patience.
As I have just posted on another board, people need to learn discipline. Without it, you wont make money. And when I say discipline, I mean in particular, the discipline to wait, to have patience.
Think some PI had enough today holding. 10k sell. People need to learn the discipline of patience. Look at anyone who has ever made any money investing in shares, and it is done with a ton of discipline.
Hi guys. After seeing the bod buys here, I have spent the weekend reading up on the company. I noticed you mentioning the lack of interest for this share and so decided to post why imo, there is a lack of interest. First of, the positives for the company are: Large BOD buys, just sort of £1m in the last 3 months. The company making a profit in the last 6 months. The negatives: Very low Volume - typically 2-8 trades a day only. The chart shows a downward trend. http://www.chartupload.com/viewer.php?file=21922615095992372053.png High debt £11.1 million Intangible Assets MCAP looks a bit high. So, the biggest factors for this company are the large bod buys and then the fact the company has just turned positive and making a profit. Generally bod buys of a decent size are a very good sign. But you have to be wary of "Mad Directors" who buy when clearly the SP is in a downward trend and the figures are not great. Now, the opposite play to this is, the bod know more than everyone else about the company and for them to be buying large is a really good sign. Low Volume is poor for getting a sp to move. There are many people out there that watch out for shares purely by the volume that gets traded. The chart shows a downward trend, of which it has not broken out of yet imo. Still below the 100 & 200 ema and bouncing off the top of trend lines. Debt is £11.1m which is large for a company that has only just turned into profit making just £600k profit in last 6 months. The company has Assets of £33.8m, which is good, but these are Intangible assets (not physical) and could become worthless quite quickly. The last 2 contracts picked up were only worth £1.8m over 10 years. Imv, there does seem to be more negatives than positives here but certainly a share to watch and possible buy a small amount in based purely on the bod buys. For this share to get noticed I think the company needs to pick up a few more contracts and get their profit up to £3-4m, the volume should then increase and a sp of over 72p would be needed. A lot of investors would like to see confirmation of a reversal in price before piling in. So they wait to 72p+ because the downside could be a price of 50p or possible lower. Certainly looks an exciting company to follow and I wish you all good fortune.
Probably was a sell considering the time stamp does not confirm correct time of the trade and If the sp had risen I would of said it was a buy, but sadly the sp was down for the day so almost certainly it was a sell.
Well put nastid. Only one who really types any common sense and bullish but not ramping. All this talk of sp going to double digits is nonsense. The carbon credits are good, but this is old news and no company has yet been interested in buying HYR out for this green oil. The revenues for CC are a bonus but people are over valuing them. The real value in the Carbon award is giving the company an edge on getting new customers. But it doesn't mean getting the feed stock is cheaper.
Still, creeping up nicely every few days, Rise, consolidate.
To be fair, you don't know for sure if he is, or is not passing gold bricks.
Yeah pretty grim but it is very old news now. Slap on wrist.
People need to relax about the share price. It will move when it's ready. All you need to know is buying in at this price is near enough to the bottom. It's one of those shares you don't want to sell on a 100% increase but keep hold of for several years as the value is likely to continually rise. We have seen the fall in the sp as the company set itself up over the years. Now we just need to wait for the sp to rise. Not many shares I would hold hoping for a 5 bag and this is certainly not a share I would be happy to sell at just a 5 bag. Stick in draw and check in 3 years time.
Always look to company's web page. http://otp.investis.com/clients/uk/hydrodec_group1/rns/regulatory-story.aspx?newsid=843701&cid=1034