Hydrogen Economy
01 Jan 2018
CEO Richard Cousins Tragic news about Compass CEO and family in plane crash in Australia. [link] January 2018It is with deep sadness that we can confirm that our Group Chief Executive, Richard Cousins and four members of his close family have died in a plane accident in Australia on 31 December 2017.Paul Walsh, Compass Group Chairman, said: “We are deeply shocked and saddened by this terrible news. The thoughts of everyone at Compass are with Richard’s family and friends, and we extend our deepest sympathies to them.“It has been a great privilege to know Richard personally and to work with him for the last few years. Richard was known and respected for his great humanity and a no-nonsense style that transformed Compass into one of Britain’s leading companies.”
Uncle Doug
22 Nov 2017
Re: Results Doubled up my holding today (sp 1525). Good results and good value. Keeper.
Rodnotty
21 Nov 2017
Re: Results T&C , I couldn't agree more. Solid business, with good returns. I would have bought more this morning if I'd had the the cash.
Tired and Confused
21 Nov 2017
Re: Results This board seems neglected most of the time considering the quality of the Business it covers.To prove the point I last posted in August 2013 and the post is still there on the current page. On the 1st September 2013 the share price closed at 850p. Since when we have enjoyed an increased dividend stream and considerable capital gains.Compass are an excellent business and I have had them as one of my core holding for years and continue to hold.There really is no reason based on information in the public domain why the share price took a drop today. All I would say is that in the current environment with so much turmoil in the UK Compass still looks to be a safe haven for core holding which in my case allows me the peace of mind to focus on the more 'fun' stocks I hold without worrying too much about medium/long term fluctuation. If you're looking for excitement Compass isn't for you but as a home for hard won gains from elsewhere and in the absence of anything more exciting they appear to me to be a safe (as safe as any risk rate investment can be!) home for your money.AIMHO and DYOR
Hydrogen Economy
21 Nov 2017
Results FY looks in line with forecasts (ie good), but as seems so often the case, SP is well down.EPS up 5.7% Underlying, up 18% Statutory at actual Exchange rates 7.3% increase in FCF to 59.5p per share, vs dividend of 33.5p SP has not recovered from the Special dividend/share consolidation earlier in the year, rather like NG.H2
Nu on the block
20 Jul 2017
Special payment Many thanks, the people I deal with are obviously not as prompt, perhaps paperwork in the post?
Hydrogen Economy
20 Jul 2017
Re: Special payment NUMy payment was received on 17th July, I use Halifax sharedealing and find they are fairly prompt on these things, Nice to see CGP moving back up after sliding for a while after the special div/consolidation. I added a few at 1582p. H2
Nu on the block
19 Jul 2017
Special payment I was interested to read in previous post, that the special 61p payment had been received. I have not yet received mine, anyone else in the same position?
PHILKES
17 Jul 2017
Re: Consolidation My error! Just realised there was another consolidation in 2014.
PHILKES
17 Jul 2017
Consolidation Just checked my TD ISA account & seems they have made an error with above.Pre Consolidation holding 1344 should now be 25/26 so 1292 but only 1215 showing.Also special dividend 61p is paid on pre consolidation holding (1344) so should be £819.84 but only paid £771.04.Query raised but maybe worth others checking unless I have misunderstood?
Uncle Doug
10 May 2017
Good half year results The U.K. services provider said on Wednesday it will return 1 billion pounds ($1.3 billion) to investors in the form of a special dividend, sending its shares to a record high. It’s the second such payout in three years and comes on top of an increased ordinary dividend for the first half of the fiscal year.The one-time distribution of 61 pence a share reflects “excellent cash generation and the strength of the business,” Chertsey, England-based Compass said in a statement, adding that its expectations for the year are “positive and unchanged.”Compass has grown to become one of Britain’s biggest companies, employing more than 500,000 people providing a range of services to hospitals, factories, offices, universities and sports venues around the world. A key part of the business model is cash generation, which exceeded 500 million pounds in the first half of the current financial year.“It’s a nice problem, isn’t it, when you throw off too much cash,” Chief Executive Officer Richard Cousins said by phone. The latest special dividend brings total shareholder returns to about 9 billion pounds over the last decade, he said.
Uncle Doug
02 Feb 2017
Good trading update <<<Compass Group's organic revenue for the first three months to 31 December grew by 2.8%, in line with its expectations.A trading update ahead of today's annual general meeting said the group continued to see strong levels of new business wins and good retention rates.Like for like revenues increased modestly, with some pricing offsetting weak volumes in its Offshore & Remote sector.It added: "Our operating margin moved forward slightly, as efficiencies generated through our management and performance (MAP) programme more than offset cost inflation and our investment in the exciting growth opportunities we see around the Group."In addition, the end of the restructuring programme in our Offshore & Remote business also contributed to the improvement in the operating margin in the quarter.">>>I reckon good times ahead with low pound due to fall even lower as Brexit gets under way. This will boost SP as most earnings are outside UK.
Uncle Doug
23 Nov 2016
Re: 4% Drop Dividend up 7.8% so that's a good sign of positive progress.
Frog and Bucket
23 Nov 2016
4% Drop Results have lots of good news but the market focused on a disappointing 4th quarter and flat margins. Recovery underway today.
Lensl
22 Nov 2016
Re: Today's update Solid performance, positive optimistic future. Why 4% drop in share price?
