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Interior Services Group .... fill yer boots (ISG)     

Dil - 22 Jul 2009 15:21

Chart.aspx?Provider=EODIntra&Code=ISG&Si

30th June 2009

Interior Services Group PLC

Pre Close Trading Statement

The Board of ISG is pleased to announce that trading for the year ended 30 June 2009 has remained in line with the Board's expectations.

The Board is pleased to note that the success of the group's diversification strategy has ensured that the decline anticipated in London fit out and refurbishment has been offset by stronger trading in our Retail and Regional businesses which has been driven by our frameworks with banks and food retailers and by public sector work.

The group's strategy remains to position itself towards more resilient regions and sectors and where a decline in activity is anticipated, to ensure the group's resource base remains in line.

As previously noted, some of our clients, particularly those operating across several countries, have become more cautious in the wake of Lehman's collapse. Consequently, there have been a few cancellations and some delay to certain projects particularly affecting our European operations. Elsewhere overseas, particularly in China, we are experiencing good levels of activity and continue to establish and position ourselves to win projects in growing markets of which Abu Dhabi is an excellent recent example. Since March 2009 we have started to see corporate clients becoming more confident and both enquiry levels and proposals intake have started to improve for our overseas activities.

At the interim stage we reported that the order book would reduce as the longer lead time UK fit out, new build and refurbishment projects in the UK are replaced with higher margin, negotiated work across our Retail business and in Europe and Asia. The current order book stands above �800m, of which �680m relates to the financial year ending 30 June 2010. ISG's balance sheet remains sound and we expect to finish the year with a strong cash position.

The preliminary results will be announced on 8 September 2009.

jimmy b - 08 Sep 2009 21:03 - 28 of 174

He did when they were 145p...

Big Al - 08 Sep 2009 21:16 - 29 of 174

;-0

Dil - 09 Sep 2009 08:45 - 30 of 174

202p to buy kim :-)


At curent price , PE less than 7 and divi just under 7% ... still cheap as chips.

Big Al - 09 Sep 2009 08:54 - 31 of 174

Agreed. ;-))

kimoldfield - 09 Sep 2009 08:59 - 32 of 174

Still dithering, messing with PXS at the moment, it's been very tradable! Looks like it could go nuts again today. MUST make a decision here though! :o)

Big Al - 09 Sep 2009 09:08 - 33 of 174

I've missed this rise so will watch for a pullback. Risk/reward too high for me now.

kimoldfield - 09 Sep 2009 09:11 - 34 of 174

The 195/202 spread is a bit too much for me at the moment. L2 looks like it is beginning to get a bit twitchy though.

Dil - 09 Sep 2009 09:12 - 35 of 174

Yep , better to wait for a breakout from here Al then another easy 20% I reckon.

Bullish agm whenever that is may do the trick.

kimoldfield - 09 Sep 2009 09:27 - 36 of 174

AGM is on 4th December Dil.

Dil - 09 Sep 2009 09:31 - 37 of 174

Ta kim ... 260p by xmas then :-)

kimoldfield - 09 Sep 2009 10:05 - 38 of 174

Probably, I hope I've made my mind up by then!!

Dil - 09 Oct 2009 14:36 - 39 of 174

About time these woke up.

skinny - 03 Oct 2011 16:18 - 40 of 174

Dil - if you have sobered up after the weekend :-) Do you still follow these?
ex dividend 19th, yield 8.78%.

skinny - 11 Oct 2011 08:27 - 42 of 174

ISG AWARDED ADDITIONAL LONDON 2012 OLYMPIC OVERLAY WORKS

ISG has been successful in securing the remaining Construction Management contract for the Off-Park and Non-Competition Venues, including associated site works and infrastructure. This is in addition to having been awarded in July 2011 the On-Park construction works for the London 2012 Games by the London Organising Committee of the Olympic and Paralympic Games (LOCOG).

Dil - 12 Oct 2011 09:35 - 43 of 174

Given up on all small caps for time being just watching and waiting and picking up the odd "bargain" large cap (BT.A , BARC) for the SIPP on bad days.

skinny - 12 Oct 2011 09:40 - 44 of 174

If you had sobered up and answered my post 40 earlier, I may have bought - the yield (ex divi next Wednesday) was 8.86% at 170p. Good luck at the weekend BTW :-))

Dil - 12 Oct 2011 15:13 - 45 of 174

Won't need luck skinny .... France will :-)

skinny - 18 Oct 2011 15:06 - 46 of 174

Ex dividend tomorrow - 10p.

Chart.aspx?Provider=EODIntra&Code=ISG&Si

skinny - 28 Oct 2011 07:07 - 47 of 174

RNS Number : 0000R

Interior Services Group PLC

28 October 2011

Interior Services Group PLC

("ISG" or "the Group")

Acquisition of the French branch of Paris based retail design and fit out company Alpha International SARL

ISG is pleased to announce that it has completed the acquisition of the goodwill and business assets of the French branch of Alpha International SARL ("Alpha") for an initial consideration of GBP1.5m. The maximum consideration of EUR8.5m (GBP7.4m) is dependant upon future performance. Alpha is a retail design and fit out specialist based in Paris servicing international retail companies. The principal vendor, Andre Bernstein, will remain with the business.

Alpha has delivered multiple projects for an impressive client list including Apple, Louis Vuitton, Uniqlo, Gucci, Tiffany & Co. and Patek Phillipe. In addition to its core French market, Alpha has also delivered projects for clients in Italy and Switzerland.

Alpha's turnover for the year ended 31 October 2010 was approximately GBP6.5m and generated a contribution of approximately GBP0.2m. Alpha has net assets of approximately GBP0.4m at completion and employs 20 people.

The acquisition of Alpha will enable ISG to:

-- Accelerate the growth of ISG's existing European retail fit out business;
-- Provide a design and fit out turnkey solution for the Group's international retail customers in France and Italy;

-- Further strengthen its management team with people who have a successful retail design and fit out track record in Europe.

At completion GBP1.5m will be paid in cash. A maximum further consideration of approximately GBP5.9m is deferred and payable after the two financial years to 30 June 2013, conditional on the business meeting average profit before tax targets for the two years. The deferred consideration will be settled 80% in cash and the balance in new ISG ordinary shares.

ISG's existing European retail fit out offering is being integrated with Alpha, and Andre Bernstein, with his 30 years of retail experience, has been appointed Managing Director of the combined European retail fit out business.
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