Uncle_Doug
07 Feb 2019
Broker Upgrade …and today we got there 1775p (7/2/19). Patience is a virtue as well as an opera. My best share, a lifetime keeper. Long term and hold.
Uncle Doug
15 May 2018
Broker Upgrade Broker Bernstein ups TP from 1650 to 1750 (14/5/18).
Bizet
09 May 2018
Looks Overdone CPG is a quality company. Overseas earnings likely to be boosted this year by current weak sterling. Directors appear confident based on a quite material dividend hike. Perhaps they had got ahead of themselves but they look reasonable at this level. I took the weakness as an opportunity.
Hydrogen Economy
09 May 2018
Re: Interims Wednesday 9th May Growth decent on a CER basis, hurt by sterling strength in H1 but there are signs that has turned around so may be better in H2.They mention working hard to attract develop and retain people, that’s a significant issue in US with wage pressures rising and a squeeze on immigration which is no doubt a factor in workforce availability, but so far US business performing well. Europe not so much, maybe Macron’s attempts to make French working practices more flexible will lead to greater adoption of outsourcing. The Air France nonsense suggests otherwise. Nice jump in dividend, maybe more to come “Our leverage policy remains unchanged: to maintain strong investment grade credit ratings, returning any surplus cash to shareholders to target net debt to EBITDA of around 1.5x.”I’m no TA expert but it looks like chart is in the sharp end of a pennant formed by the resistance line of the downtrend over the last 12 months and the longer term from 2105-2018. The SP had in last couple of days poked through upper resistance line but has now dropped back through to near the support around 1475p. It will have to break out one way or other by end July and I’m inclined to think it will be up. Thinking of adding a few. H2
Tired and Confused
09 May 2018
Re: Interims Wednesday 9th May I hold a fair amount of CPG, one of those stocks which generally doesn't need too much focus. You need a few like this to keep balance in a portfolio IMHO.The drop looks overdone to me and my current feeling is I would probably prefer to wait out the summer in CPG than some other stocks so, for what it's worth, I will probably top up later if the trend continues downwards and dump a few more volatile stocks at the same time.If the statement is correct then we should see a recovery over coming weeks and months and, as ever, CPG fit into the criteria I set myself for investment stocks. When I ask myself the question, can you see a time when CPG will hit an all time high and will they pay me an income in the interim? I can say yes, I believe they will.That makes them a buy and hold for me.Good Luck with however you play it.AIMHO and DYOR
Lupo di mare
09 May 2018
Re: Interims Wednesday 9th May I'm ok with those results. Looks as if there's plenty of scope for growth. This drew my attention:-"In Europe (25% of Group revenue) the fundamentals of our business are somewhat more challenging. Outsourcing trends in the UK are good, however, in Continental Europe, the environment is less dynamic."Not wanting to appear in the least political, but Europe's economy and enterprise culture seems to be out of step with a large part of the world.Do I add this AM? Or hang around 'til the summer's nearly over?
Hydrogen Economy
08 May 2018
Interims Wednesday 9th May Reminder of key points in the TU from 8th Feb. below. USD strengthened slightly since then which is helpful, otherwise hopefully steady as she goes. Hopefully enough to push back up through the 1600 mark.H2Organic revenue for Q to 31 Dec 17 grew by 5.9% driven by strong new business wins, excellent retention and good lfl revenues.Currency £288 m impact on Q revenues and £24m profit. Current spot rates (Cable 1.39 at date of TU) remain through the year, fx negatively impact revenue by £1.2 billion and operating profit by £97 million.Expect effective tax rate to be reduced from 26.5% to around 24%, and Group's cash tax rate to between 19% - 22% this yearExpect to be above the middle of our target 4-6% organic growth range f
Hydrogen Economy
29 Mar 2018
Sodexo read-across CPG opened 40+p down after Sodexo cuts guidance, particularly in US"Sodexo said it expects declining revenues in North America, combined with a slower-than-anticipated conversion of pipeline opportunities into new contract wins, to weigh on its topline growth and margins in the second half."Unclear if this is environment or competition, hopefully GPG is both making and eating Sodexo's lunch.H2 Holding.[link] SA (SW.FR) said Thursday that it has reduced its financial guidance for fiscal 2018 due to a second-quarter performance that was below expectations.The French company said that, excluding the impact of 2017 being a 53-week year, it now expects to deliver organic revenue growth of between 1% and 1.5% compared with the growth of between 2% and 4% it had previously expected. The company lowered its expectation of its underlying profit margin in fiscal 2018 to around 5.7% from 6.5%.Sodexo said net profit for the 2018 fiscal first half was 372 million euros ($460.1 million) compared with EUR348 million in the year-earlier period. Revenue for the first half fell 3.2% at current exchange rates to EUR10.29 billion, the company said.Sodexo Chief Executive Denis Machuel said: "The second-quarter performance was below our expectations and we have reduced our financial guidance for fiscal 2018. We have identified specific areas of underperformance and we are acting quickly to implement a series of corrective measures."The company said planned measures to increase efficiencies and improve margins in North America that have not yet delivered, and a small number of significant contracts that have not yet ramped up to the expected levels of profitability have hit its underlying operating profit.Sodexo said it expects declining revenues in North America, combined with a slower-than-anticipated conversion of pipeline opportunities into new contract wins, to weigh on its topline growth and margins in the second half.
Uncle Doug
08 Feb 2018
Re: Trading statement "solid and well run business" - they were saying that about Carillion a couple of years ago. Anyway, I jest. This is a keeper. Great results. I have 2 tranches in CPG and will happily add another when things in general settle down a bit. I should have bought yesterday!
Tired and Confused
08 Feb 2018
Re: Trading statement They just keep on delivering. A solid and well run business somewhere I have kept some serious money invested over the years. Currently over 300% up on my initial investment which i wish i could say the same for some of my more fanciful stock picks.Just goes to show that if you are going to play the market it really does pay to move profits taken from trading into high quality stock when and if you get the chance.Good Luck All
Hydrogen Economy
08 Feb 2018
Re: Trading statement Yes very solid. Analyst forecast FY revenue growth is showing 3-4% . 1Q 5.9%, and "Therefore, we now expect to be above the middle of our target 4-6% organic growth range for the full year". I'll be watching for upgrades.The much vaunted return of business to US, especially manufacturing plants should give plenty of further growth opportunities and who knows, the offshore/oil business may one day pick up.Tax news good as expected - group rates down from 26.5 % to 24% would add 2.4p to EPS based on 2017 PTP. (P&L actually shows 2017 group tax rate as 24.9% but I assume they know what they mean!)Positive reaction from market and rightly so, hard to know if it can break out of the downtrend, could make a case for resistance around 1560 and 1600 which may take a while. Lets hope that Compass can continue the positive track Richard Cousins set them on.H2 Got enough for now, holding.
Lupo di mare
08 Feb 2018
Re: Trading statement Well that was good, weren't it , apart from currency, but swings and roundabouts.N.America OR increasing;Europe dittoROW dittoNice, let's hope that it breaks out of its downtrend now.
Lupo di mare
06 Feb 2018
Trading statement Due on Thursday, boys and girls.
FRTEB
02 Jan 2018
Re: CEO Richard Cousins I hesitate to post this but some years ago I lost several friends in a mid-air collision. The cause was human factors - procedural shortcomings - you could say. I was on the ground at the time but saw what happened and the aftermath. Worst day of my life. It was a nightmare that I still live with. I never flew P1 again after that. Flying can be so much fun. I never tired of it. Most of us now take flying for granted - almost like driving or being a passenger in a car. But every so often tragedy strikes to remind us of the risks that we take and have become accustomed to, often without giving it a thought. There's an old adage that you're more likely to die in a car on the way to the airfield than in an aircraft. Statistically that might be true, but it doesn't make it any easier if you lose someone.It's a new year, for those of us fortunate enough to still be here. Stay safe one and all.
aspace
02 Jan 2018
Re: CEO Richard Cousins I am holidaying in Australia at present and this tragic accident is all over the news. What is annoying is that firstly it seems a needless and cruel waste of lives and secondly I remember a similar plane crash in the same state of New South Wales 20 years ago in which four of my friends were killed among a total of nine people on board (that was the Seaview crash). In the Seaview case it turned out there were safety deficiencies both with the charter company and the regulator. Part of the problem in Australia is that very little is governed at national level and instead is devolved to each state to look after their own affairs so you end up with multiple regulators none of whom is best in class. I hope we don't see a replay of those shortcomings here.
