focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
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
Agree, happy to hold this and sit back and watch the move up. Not into a boom and bust sp, want a quality business that's not going to drain my money
Good to see buys outweigh sells this morning. Still positive on this one
Should continue trend upwards this morning, once people start realising how good an investment this is and the fact it will multiply within 12 months, the buys will come streaming in and share price rocket
All buys, hardly any sells, only up 3%. This will explode one day soon
surely going to boom soon - with the amount of buys vs sells already today. This could be the last time we see this price
bonker - when do expect to see 32+? Hoping within days rather than months
consistent number of buys coming in this morning. looking good to build some buy pressure. just needs a few biggies to come in and we could be off to the races
target 32? happy days, lets hope it gets there quick
Come on keep the momentum and this will go past 22
Agree. Why after great runs that clearly puts this company in a good position with no debt to some on here think that it was a bad move? Just don't get it. Still confident this will drive up
Better position than 52wk high so share price will reflect this soon
Great rise yesterday but feel this will continue to grow now in profit. Only some sells from day traders will drop this slightly this morning. Very cheap price to get in
Why no trades? Big push earlier, still think this has more in it