MRBIG
24 Jun 2015
Numbers were below consensus and showed slowdown. For a highly valued stock - 20x ps this is bad news
Lupo di mare
23 Jun 2015
Pre-close statement "The growth at constant exchange rates reflects organic revenue growth of 1% with the remainder due to the positive impact of acquisitions. The lower organic growth compared to the same period in 2014 is mainly due to slower growth in North America caused by the net impact of some lost business and price declines on plastic resin based products."DJ report talks about 'sold' businesses, not 'lost' business. I guess that DJ reporter hasn't quite woken up. This makes me cautious, in the short term at least, as the idea is that all these acquisitions that Bunzl has been making over the years/decades should have meant good organic growth, not a measly 1%.Lightened my holding this AM - held since 1995.
albent
05 Apr 2015
Established income payer with stable financial health and growth potential. Been looking at BNZL [link] any ideas?
II Editor
25 Feb 2015
NEW ARTICLE: Bunzl: Acquisition machine rolls on "With 17 roll-ups in 2014, Bunzl’s acquisition machine rolls on. So does the profit machine.Like many companies with global operations, Bunzl’s revenue and profit in the full-year to December 2014 seem unimpressive in comparison to growth ..."[link]
II Editor
23 Feb 2015
NEW ARTICLE: Bunzl stretches record run "LSE:BNZL:Bunzl's results for 2014 are in, and they're predictably good. The distributor has had a great run over the past few years, and these in-line numbers have nudged the shares to a record high. Earnings are now up three-fold over the last ..."[link]
