Ripley94
13 Feb 2020
Motley Fool tip today BNZL… XXXX Bought these today @ 1940p
Ripley94
12 Feb 2020
Motley Fool tip today BNZL… XXXX Been dropping since the downgrade saw somewhere 1945 was not the year low. Divs November and May . Yield 2.5% |27 Jan 2020|Berenberg|Sell|1,958.00|2,039.00|2,350.00|1,650.00|Downgrades| |13 Jan 2020|HSBC|Hold|1,958.00|2,040.00|2,450.00|-|Reiterates| |10 Jan 2020|UBS|Neutral|1,958.00|2,042.00|2,150.00|-|Reiterates| |10 Jan 2020|RBC Capital Markets|Underperform|1,958.00|2,042.00|1,800.00|1,700.00|Reiterates| |10 Jan 2020|Deutsche Bank|Buy|1,958.00|2,042.00|2,290.00|-|Reiterates| |09 Jan 2020|Shore Capital|Buy|1,958.00|2,030.00|-|-|Reiterates| |08 Jan 2020|UBS|Neutral|1,958.00|2,052.00|2,250.00|2,150.00|Reiterates| |19 Dec 2019|Goldman Sachs|Buy|1,958.00|2,066.00|2,500.00|2,450.00|Reiterates|
Ripley94
23 Oct 2019
Motley Fool tip today BNZL… XXXX 1945p today maybe brexit “Getting done†not so good for share price .
Ripley94
14 Oct 2019
Motley Fool tip today BNZL… XXXX On 28 August it dropped to 1978p before resistance 1988 now.
Ripley94
07 Sep 2019
Motley Fool tip today BNZL… XXXXX They claim not brexit affected ( Global company ) essential products , performance points to well run , not cheap on 15 times forecast earnings . 2.5% yield .
pelim
26 Jun 2019
Half Year results RNS Down 32p. I thought todays RNS was encouraging. Clearly the market thought different. Will just have to wait a while longer until the half year results a published?
Lupo di mare
24 Feb 2018
Results due Monday.Consensus, according to my brokers' site.PTP 436EPS 112DPS 42.8@ 2011pMCap. 6.7bn 15 x ptp P/E 18Yield 2.1% cover 2.6x
Lupo di mare
14 Dec 2017
Trading statement Nothing new, other than acquisitions spend bigger this year - and debt, no doubt; although debt not an issue, especially with negligible PF deficit.Revenue growth at constant exchange rates appears to fluctuate quite a bit:12/16 - Growth of 4-5%Half year - 7%Now - 9-10%
Lupo di mare
23 Nov 2017
Credit rating "LONDON (Alliance News) - S&P Global Ratings issued a BBB+ credit rating for distribution and outsourcing company Bunzl PLC on Thursday amid its issuance of debt to fund a major acquisition.The new rating - which has a Stable outlook - was issued by S&P on the same day as Bunzl received French regulatory clearance for its acquisition of three French companies forming the Hedis Group: cleaning and hygiene product retailer Hedis and light catering equipment and tableware distributors Comptoir de Bretagne and Generale Collectivites.Bunzl also announced it was to acquire Melbourne, Australia-based laboratory and healthcare consumables distributor Interpath and Santa Catarina, Brazil-based foodservice distributor Talge. Financial details for these deals were not disclosed.S&P said the BBB+ rating "reflects our assessment of the group's strong business risk profile, underpinned by its leading market positions, and sound and stable profitability".This was offset, however, by its customers' ability to switch providers or bring services in house. The credit agency also highlighted that 92% of its 2016 revenues came from "low-growth markets" of North America and Europe.S&P also noted the fragmented nature of the markets it serves. Bunzl operates in 30 countries across six main segments: foodservice, grocery, cleaning and hygiene, safety, retail, and healthcare.S&P highlighted that acquisitions formed a "key" part of the growth strategy at Bunzl. Including the most recent acquisition, the agency said Bunzl had invested GBP570 million in acquisitions during 2017. This was a new high, easily surpassing the previous high of GBP327 million in 2015."Bunzl has acquired more than 130 companies over the last 12 years, spending about GBP2.5 billion in the process and expanding its geographical reach from 12 countries in 2004 to around 30 today", S&P explained."We view positively Bunzl's track record of acquiring small and mid-sized competitors and successfully integrating them into the wider group. The firm typically retains the management of the acquired companies, which we believe has been supportive of its ability to grow its customer base, and subsequently achieve high customer retention rates and contract renewals."S&P expects future acquisitions to be funded using internal sources of cash.S&P also highlighted the resilient earnings before interest, tax, depreciation and amortisation margins of between 8.1% and 8.7% over the last five years. Margins around this range are expected to continue according to S&P forecasts."We believe that Bunzl's somewhat resilient margins," S&P explained, "despite the competitive nature of the market, lies within the contractual arrangements with clients and its relatively flexible cost structure. Bunzl typically prices its services on a short-term cost-plus-margin basis, which allows it to pass higher sourcing costs onto customers."S&P also highlighted that around 75% of its six main segments Bunzl serves were "non-cyclical" industries.The Stable outlook reflected S&P's view that the FTSE 100-listed company's operating performance should be "stable" driven by "positive" growth prospects in its core North American market. Further positive effects will be derived from the Hedis acquisition as well as additional bolt-on deals.S&P did not think an upgrade "likely". This was due to its belief leverage that Bunzl would not "decrease materially" due to its focus on further acquisitions and dividend growth.Should its adjusted debt to earnings before interest, tax, depreciation and amortisation drop below 2.0 times, however, from the 2.8 times S&P expects post-Hedis acquisition this may drive an upgrade. At present, the credit agency only expect this to improve to 2.5 times by 2019."
algardish
11 Nov 2017
Jam Tomorrow!? Only just started looking at this co but it looks like a classic pump and dump to me - Low margins , huge growth in intangibles and borrowings and trade debtors ballooning - revenue recognition manipulation -to pump up the share price. They are not getting the returns on the acquisitions they are making. There will be a big crash I predict and a borrowing crisis! They are approaching burn out in the balance sheet I think.
Lupo di mare
10 Nov 2017
Re: SP drop Further to that, I suppose that the idea is that if you want exposure to the Distribution sector, then try Rexel, but that's almost like saying switch from Tesco to Next cos they're both in the Retail sector.Well here's my take on it: if the Amazonians really look like causing Bunzl pain, the thing to do for Bunzl would be to merge with another distirbutor where real synergies could be made.It's long past the time that Amazon should stop hiding behind various dodgy tax havens, and cough up. In the meantime, they might like to pay their fine.
Lupo di mare
10 Nov 2017
Re: SP drop Aha, found it."Bunzl dropped 4.3 percent, the worst-performing large-cap stock, after a note from Morgan Stanley said the retail distributor's shares were not yet reflecting potential disruption from Amazon Business, the online giant's business-to-business distribution venture."Amazon's intention to target B2B distribution has resulted in a significant derating for Rexel, whilst Bunzl has been unaffected. However, the Bunzl offer appears more vulnerable to us," MS analysts said, recommending investors switch into the French distributor's shares."
Lupo di mare
10 Nov 2017
SP drop What de fks going on? 5% drop on no news. Someone got the wind of something unpleasant; bad broker handling of Gates unloading some more? Who knows - Lupo doesn't.
Lupo di mare
05 Oct 2017
Fidelity Missed the heading.
Lupo di mare
05 Oct 2017
So, Fidelity have grabbed a stake from zero, no doubt some of that came from Bill & Melinda Gates lightening their stake.LONDON (Alliance News) - Distribution and outsourcing firm Bunzl PLC said Thursday that US asset manager FMR LLC acquired 5.2% stake in the company earlier during the week.FMR, which previously had now holding in Bunzl, now owns 17.5 million shares.
