Wednesday broker round-up UPDATE
2nd Jul 2014 09:38
Anite: Investec places its target price (prev.: 88p) under review, while its hold recommendation remains unchanged. Ashcourt Rowan: N+1 Singer moves target price from 231p to 242p and keeps a buy recommendation. BG Group: Canaccord Genuity raises target price from 1250p to 1450p upgrading from hol
Read moreJohnson Service eyes strong first-half and full-year results
2nd Jul 2014 08:03
- Expects to deliver strong first-half results - Particularly robust performance from its Textile Rental business - Expects full-year results to be slightly ahead of expectations Textile and dry cleaning services company Johnson Service said it expects to deliver a strong result for the first-half
Read moreFriday broker round-up UPDATE
7th Mar 2014 09:39
AGA Rangemaster: N+1 Singer ups target price from 175p to 192p and maintains a buy recommendation. Aggreko: JP Morgan lowers target price from 1542p to 1536p and maintains a neutral rating. Goldman Sachs increases target price from 1876p to 1950p and keeps a buy recommendation. Numis upgrades to re
Read moreJohnson Service Group completes acquisition of Bourne Services
3rd Mar 2014 11:08
Textile and drycleaning services company Johnson Service Group (JSG) has completed the acquisition of Bourne Services Group, a hotel linen provider, for 22m pounds. The consideration was paid in cash on a debt free, cash free basis. JSG plans to place more than 26m shares at 10p at a price of 51p,
Read moreJohnson Service Chairman to step down
3rd Jan 2014 08:07
Linen hire and workwear rental group Johnson Service has revealed that its Executive Chairman of five years, John Talbot, is to step down. Talbot, who oversaw the firm's restructuring to focus on Textile Services, will leave the board at the end of April. He will be replaced by Chris Sander, curre
Read moreWednesday tips round-up: Vodafone, Johnson Service Group, DS Smith,
4th Sep 2013 07:22
Price discovery is what the Vodafone deal is all about. In sterling terms, Vodafone is getting about 85bn pounds for the stake, whereas its market capitalisation at the end of last week was a smidgeon short of 100bn pounds. Even if you add on 25bn pounds of debt it is clear that the Voda rump was va
Read moreJohnson Service boosts dividend
3rd Sep 2013 08:21
Textile rental and facilities management business Johnson Service revealed a sharp rise in adjusted pre-tax profit and underlined its confidence in future trading with an increased dividend payment. Adjusted pre-tax profit jumped 52.8% to £5.5m for the six months to the end of June while revenues e
Read moreJohnson Service Group sells facilities management activities
7th Aug 2013 09:54
Johnson Service Group has agreed to sell its facilities management activities to Bell Rock Bidco, a new company formed to effect the acquisition. Financing will be provided from funds managed by Lyceum Capital Partners. The consideration is £32.2m on a debt free, cash free basis and subject to ad
Read moreJohnson Service in line for full year targets
4th Jul 2013 11:31
Textile rental and facilities management business Johnson Service said it will deliver a strong first half and expects annual results to be in line with expectations. Within the Textile Services division, Textile Rental has traded well in the first half of the year, benefiting from the first full y
Read moreThursday broker round-up UPDATE
4th Jul 2013 08:17
Aberdeen Asset Management: JP Morgan reduces target price from 573p to 476p and reiterates its overweight rating. Ashmore Group: JP Morgan cuts target price from 410p to 339p maintaining a neutral rating. ASOS: Jefferies raises target price from 2199p to 6200p and upgrades from underperform to buy
Read moreTuesday broker round-up UPDATE
5th Mar 2013 07:15
Abcam: Investec raises target price from 466p to 484p and keeps a buy recommendation. Numis revises target price from 470p to 530p and maintains its buy ratng. Access Intelligence: Merchant Securities initiates with a target price of 7p and a buy recommendation. Amlin: Canaccord Genuity raises tar
Read moreJohnson Service to hit forecasts, but debt lower than expected
4th Jan 2013 07:37
Johnson Service Group, the supplier of workwear and textile rental, dry-cleaning and facilities management, said that it is to meet forecasts with its 2012 results due out in early March. "The group expects to announce results for the year ended December 31st 2012 which will be in line with market
Read moreJohnson Services Group sells dry cleaning company Alex Reid
6th Dec 2012 13:13
Textile services and facilities management provider Johnson Service Group has sold its shares in dry cleaning subsidiary Alex Reid for a cash consideration of 2.1m pounds. The proceeds from the sale of shares, which were sold to detergent supplier Christeyns UK on a debt-free basis, will be used to
Read moreFriday broker round-up - UPDATE
19th Oct 2012 09:00
Aggreko: Jefferies keeps buy rating and 2,800p target; Seymour Pierce keeps buy rating and 2,500p target; Panmure Gordon cuts target from 2,228p to 2,159p, hold rating unchanged. Alliance Pharma: umps upgrades to buy, target lifted from 32p to 37p. Avacta: Panmure Gordon keeps buy rating and 1.75p
Read moreJohnson Service ups divi
4th Sep 2012 11:44
Textile services and facilities management firm Johnson Service Group increased its interim dividend despite profits falling in the first half. Revenues were up 7.7% at £126.3m, while pre-tax profits fell by the same proportion to £6m. Earnings per share sneaked up slightly to 1.9p, while net debt
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