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Not had time today to post on the solid set of results released today by JSG.
As previously posted on here JSG are well and truly over the worst. Debt is steadily decreasing and the Dividend has been increased. A good solid performance and Talbot has topped up his holding yet again. A sure sign of confidence. JSG have been completely restructured, all the brokerages are seeing considerable upside over the coming months. Investec,Hemscott,Numis,Evolution the list goes on and on.
These really are a favourite of mine, share-holders are treated extremely well with a quick return to divi and special share-holder discount vouchers. After the tumultuous upheaval last year and beyond JSG will steadily and slowly climb over the next 18 months.
A terrific example of accountable professional management
Daniel.
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Posted in JSG Stock
Tagged Business, Business and Economy, Counties, Finance, Financial Services, JSG, Shareholder, United States
3 Comments
I am a big fan of JSG. The board have worked wonders since the slump cutting a 240 million pounds debt down to just under 65 million and re-issuing the dividend. Share-holders are certainly taken care of here with the share-holder discount voucher scheme.
After going ex-divi’ they seem to of hit a wall re’ the sp. However i can now inform the blogship that JSG are expected to announce further debt reduction on Sept’ 1st this year.
The sp at the moment is finely balanced any upward buying pressure will ignite an SP resulting in good gains here. Investors could do no better than to stick JSG on a watch; after all we have here!
Daniel… read more
Posted in JSG Stock
4 Comments
Excellent news from JSG.
As previously mentioned here the results now out confirm the recent post on the blog.
Profit has more than doubled and the debt is below 68 million.
The slow climb should continue here.
Expect the target prices to be revised , just my opinion!
Daniel
PS GKP news to be posted shortly… read more
Posted in GKP Stock, JSG Stock
9 Comments
Just a quick reminder here to all the JSG holders that the prelim’s are out on the 9th March this month.
It’s been a tough year for the company and judging by the recent slide in the SP and the Board prouncements of “inline with market expectations” my opinion is that there may be some good news re the debt to below 68 million which has over recent months steadily declined from the dizzy heights of 240+ million!
The Board seem to of finally grasped the nettle here and my opinion based on the last 12 months of company news releases/market news etc, is that JSG are finally turning the corner. Lots of special promotions have been running throughout the year in the dry cleaning business which could see profit from this arm of their business increase.
A slow burner JSG but i expect the SP to be trading much higher this time … read more
As posted here on the 11 Dec 2009 post. JSG news today. Debt now below 70 million to 69 million this is a huge reduction from the previous 240 million pound plus! Profits are continuing to increase at JSG and with the new finance facility greatly redudced this stock is a certain riser over the coming months. Take note of the below excerpt;
“Warrant instruments were issued in April 2008 to the Lenders under the previous bank facilities over 2,957,636 Ordinary shares at an exercise price of 10p and with an expiry date of 31 December 2010. As part of the refinancing, the expiry date of the existing Warrants held by the continuing banks over 2,091,728 Ordinary shares is to be extended to 30 April 2013. All other terms of the Warrants remain unchanged.”
This is a vote of confidence from the warrant holders who have kept over 2 thirds of their warrants on an … read more