According to BB's, FTSE 100 - Compass Group, the group which took a tumbling in it's share price from 3.85p, may be the target of a takeover, though I read before sometime ago, this time, the time could be ripe.

Definately worth watching in the short and medium term.

Good Luck to all if it comes true.

Jules99

Thanks insur and Be Lucky!
:>)

Thought it would of been a touch more by close,not to worry,its good for a few more yet.

Big day tomorrow,going well early doors today.

Think Compass has now got rid of all it's negative news.
There has been a steady and progressive move in it's share price, which has been sustained from when the share dropped to around 220p a share.
Does anyone agree we may see a rise to around 320p to 350p a share in the next 3 months.

From the Blue Index Blog

Rip Roaring Compass
May 13th, 2009

Hats off to British catering group Compass (CPG); this morning the group announced their best-ever set of interim figures

Interim profits to March 31st, soared 40% to GBP405m from GBP289m last time, while EBIT, EBIT margins and free cashflow shot up 33% to GBP240m, on sales up 24% to GBP6.93bn. Although group operating profits received a GBP78m boost from the weak pound and acquisitions, CEO Richard Cousins said the first half was nonetheless a positive performance against the backdrop of deteriorating economic conditions. He added the trends in revenue seen in the first half of the year are expected to continue into the second half, and looking forward the acceleration in the rate of cost efficiencies should enable us to deliver further progress in the second half of the year

Full transcript here
http://blog.blueindex.co.uk/2009/05/rip-roaring-compass/

who thinks that the analysts who change the goal posts when they make recommendations on stocks are doing it for their gain ie shorting or longing the stocks?
few weeks ago you had two strong buys on this stock (CPG) now it's sell to neutral?
what has changed in few weeks?
i thinks it's boll@cks!!

Do you really think they are there for OUR benefit?
2517

4 new Broker BUY recos yesterday......

Compass Group PLC

FORECASTS
2010 2011

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

SG Securities
15-12-09 BUY 32.67 15.00 37.55 17.00

Investec Securities
15-12-09 BUY 775.00 29.28 14.00 830.00 31.26 15.10

Exane BNP Paribas
15-12-09 BUY 821.00 31.88 13.99 913.00 35.50 15.39

Oriel Securities
15-12-09 BUY 810.00 31.70 14.00

and trading on a forward P/E of just 12 to 2011........very cheap I reckon.

one yesterday aswell

15-Dec-09 Compass Group CPG Deutsche Buy 467.20p 320.00p 565.00p Upgrade

565p target.

From yesterdays Express......Compass Group headed north 5 1/2p as Deutsche bank turned buyer from its previous hold stance with a 565p target.

Yet more broker backing for compass...

Broker recommendation full details

Date: 15 December, 2009
Broker: Deutsche Bank
Company: Compass Group


Recommendation:
upgrade to Buy from hold - price target 565p from 320

InterMarket Stock's recommendation rating:
Buy

Over all Intermarket Stock rating for
Compass Group
Buy


Historical recommendations for Compass Group


15 December, 2009 upgrade to Buy from hold - target 565p from 320 Buy

15 December, 2009 upgrade to Buy from hold - price target 565p from 320 Buy

2 December, 2009 Raises price target to 585p from 495 Buy

30 November, 2009 Raises price target to 500p from 430 Overweight

26 November, 2009 Raises price target to 475p from 450 Buy

gf
just curious with this question. what do you think comes first? a broker recco or a price fibbo?
regards
jkd

naughty naughty jkd, dont forget these brokers have customers to attract and retain and a reputation to preserve along with there jobs.

Actually worked at one time for local broker Rensburg not on the trading side but accountancy but can say they were highly commited pros who were frightened of hurting the companys good name.

I suppose theres good and bad just like in real life.

gf
im sure you know but for those who may not let me interpret.
recco is short for recommendation and fibbo is short for fibonacci.
some nice posts recently. ta. (thats thanks) ;-) keep em coming.
regards
jkd

Hi JKD, did wonder re- Gann at the time.

Sorry mistake on my behalf.

Not a competant fibbo chartist at the moment...... working on it.

Used to use it may years ago.

Interesting set up for a trader with the SP on the floor of the trend channel and the price positive this morning.

to back up the positive TA the brokers certainly are stacking up behind this stock cant remember seiing so manny brokers all so positive, not for a long time.

On a forward P/E of just over 12 to 2011 which looks far too cheap.

Compass Group PLC

FORECASTS
2010 2011

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Exane BNP Paribas
31-12-09 BUY 821.00 31.88 13.99 913.00 35.50 15.39

SG Securities
30-12-09 BUY 32.67 15.00 37.55 17.00

Shore Capital
25-12-09 BUY 821.00 32.00 15.00 895.00 35.00 16.50

Oriel Securities
22-12-09 BUY 810.00 31.70 14.00

Investec Securities
17-12-09 BUY 775.00 29.28 14.00 830.00 31.26 15.10

Charles Stanley
17-12-09 BUY 832.00 32.50 14.50 894.00 34.50 16.00

Collins Stewart
14-12-09 HOLD

Evolution Securities Ltd
01-12-09 BUY 832.00 32.30 14.50 921.00 35.80 16.00

Numis Securities Ltd
26-11-09 BUY 866.90 33.80 13.86 962.90 37.50 14.55

Seymour Pierce
25-11-09 BUY 846.10 33.00 13.90 955.40 37.30 14.60

Eden Group
03-11-09 BUY

Nomura Research Institute
25-09-09 BUY

Fyshe Horton Finney Ltd [R]
04-02-09 BUY 704.00 27.40 14.00

2010 2011
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 826.66 32.29 14.32 905.48 36.15 15.97
1 Month Change -0.67 0.49 0.40 -15.25 1.15 0.97
3 Month Change 37.49 1.80 0.10 51.36 3.29 0.66


GROWTH
2009 (A) 2010 (E) 2011 (E)

Norm. EPS 43.44% 9.63% 11.95%
DPS 10.71% 15.48% 11.52%

INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)

EBITDA 1,104.00m 1,155.96m 1,247.69m

EBIT 872.00m 929.88m 1,006.40m

Dividend Yield 2.78% 3.22% 3.59%

Dividend Cover 2.38x 2.26x 2.26x

PER 15.12x 13.79x 12.32x

PEG 0.35f 1.43f 1.03f

Net Asset Value PS -82.91p 155.41p 177.05p

Blue Chip Bulletin: Compass acquires two US companies

http://www.whatinvestment.co.uk/trading/share-dealing/uk-companies/1608788/blue-chip-bulletin-compass-acquires-two-us-companies.thtml

Contract caterer Compass is also issuing a pre-close statement and Credit Suisse thinks it will reinforce its positive rating on the firm, "given low European exposure, the strength of its US market share gains which should offset any slower European employment trends and the scope for very material multi-year cash returns."

Ex-divi wed 22nd Jan 2014 (16p)