Could be a good time to buy... target 50p.

A very good movement UP today from the start, as trades over the normal NMS were showing at the ticker.

intraday chart

The future is looking bright the Moving Average shows all the strenth on the chart

the chart is from the UPS thread, were JSG is as a " Keep and Eye " since yesterday

At last it seems that the overhang has been cleared which should lead to some serious buying commencing in the stock. With results just around the corner and the possible reinstatement of the divi this is certainly one stock to be holding.

Dry cleaning still has growth potential for Johnsons
16th October 2009

THE introduction of new services and ongoing switch to green branding will drive the growth of Johnsons dry cleaning business, according to its boss John Talbot.

Despite the dry cleaning brand being the most well-known within Runcorn-based Johnson Services Group, it only accounts for around 35% of the business, and somewhat less as a percentage of operating profit.

But the dry cleaning side is still a very important part of the group as its core to what we are doing in the group, John Talbot, executive chairman of Johnson Service Group, told TheBusinessDesk.

Mr Talbot admitted that the performance of the dry cleaning business had been impacted over the year and was down around 5% on a like-for-like basis.

But thats not bad when you look at retail generally, he added.

To boost performance, the group is introducing extra services through the shops such as domestic laundry, washing and ironing.

Thats adding 2% to our volume, whereas last year it would have been about 0.5%, and the move to Green Earth will increasingly have an impact, said Mr Talbot.

The group has been replacing its dry cleaning chemicals with a new product called Green Earth, which is based on silicon and is more environmentally friendly than traditional dry-cleaning chemicals, according to the company. Of Johnsons 520 dry cleaning shops, around half are using the new technology.

It costs between 10,000 and 15,000 to change each shop front to reflect the changes but Mr Talbot expects around 90 to have the new Green Earth branded shop fascias to match by the end of this year.

Weve been moving the group across to that for a number of years but people didnt know about it. It was an internal process and customers would only have noticed from the change in smell. But we decided to start publicising it and the benefits.

Customers are responding and we are seeing increases in sales where there is that green branding, said Mr Talbot.

As leases come up for renewal, the group is re-evaluating some of its locations and it closed 30 stores last year, and 25 this year.

But at the same time we are opening up another nine this year, said Mr Talbot.
He added that the company was looking at locations that work as drive-ins, such as old petrol and service stations, as well as at units within supermarkets.

Parking seems to be important [to customers] as does the ability to get to and from the location. Thats why our locations are in supermarkets, or adjacent to supermarkets or in drive-ins. We will still open in the high street, if customers can park nearby.

The groups textile rental division, which includes Johnsons Apparelmaster and Stalbridge Linen Services, is its most successful, accounting for more than 50% of turnover.

Thats been very successful and we are looking to grow it as its the most profitable business, said Mr Talbot.

Meanwhile, facilities management, which makes up the remainder of the business, has benefited from the recession to a degree because businesses see outsourcing as a way to save on costs, according to Mr Talbot.

But to counter that, customers are being more restrictive with what they spend, he added.

In September the group announced that it had returned to profit, following a round of cost cutting measures last year, which meant it could pay a dividend for the first time since 2006.

Pre-tax profits for the company stood at 5.4m for the year to the end of June, compared with a loss of 7.5m a year earlier. However, turnover was down 7.7% to 120m compared with 130.1m a year earlier.

The company has reduced its net debt to below 70m. Its bank facility, which runs to December 2010, stands at 104.5m and will reduce to 98.5m by the end of the second half.

Mr Talbot said: Everybody can see the business is profitable and stable again, thats why we introduced the dividend.

http://www.thebusinessdesk.com/northwest/news/16946-dry-cleaning-still-has-growth-potential-for-johnsons.html

I selected the shares for the "UPS" this afternoon .........

JSG 19p (18.50 / 19.50p )

Large trades now appearing after some consolidation at the lower part of the chart. Indicators ready for the movement UP as the Level 2 gets positive

Large trades once again going on at middle price 19.25p

and a further 2 X 10M not so long ago, that is more than double the volume from yesterday

Interview with Johnson Service Group, click the link to listen;

Interview link

MIDAS EXTRA UPDATE: Shares in dry-cleaner Johnson Service Group doubles since tip




By Joanne Hart, Investments Editor

PUBLISHED:22:18 GMT, 9 March 2013| UPDATED:22:18 GMT, 9 March 2013

Uniforms and dry-cleaning firm Johnson Service Group lost its way after the financial crisis. But chairman John Talbot has turned the company round and produced strong 2012 figures last week, showing a ten per cent increase in underlying profits to £16.3 million and a ten per cent rise in the dividend to 1.1p.

Midas Extra, our subscription-based online service, tipped the shares in March 2010 at 19p. They have more than doubled since to 431⁄4p and brokers believe they have further to go.




Doing well: The group also owns a facilities management business, providing cleaning for schools and hospitals

The company rents uniforms to millions of people across Britain, most of whom are given three sets of clothes.

Customers include food groups such as McVitie’s as well as industrial firms. The company supplies aprons to meat packers, too, and expects this to grow as supermarkets source more meat from the UK.

The firm’s dry-cleaning arm spent years in the doldrums and last summer Talbot decided to take firm action, closing 103 outlets and leaving 350 open. Sales and profits have risen since and prospects look bright.




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The group also owns a facilities management business, providing cleaning for schools and hospitals. This is showing steady growth.

Midas verdict: Talbot has worked wonders and is keen to expand the rental business further in sectors such as nurses’ uniforms and hospital bed linen.

Investors who bought three years ago should hold as the shares should continue to deliver. There is scope for new investors too.


Read more: http://www.dailymail.co.uk/money/investing/article-2290790/MIDAS-EXTRA-UPDATE-Shares-dry-cleaner-Johnson-Service-Group-doubles-tip.html#ixzz2N7f1oWMq
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LISTEN: Johnson Service Group - Half yearly report

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