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.

The Interims seem to come out in early March - about a week before the ex divi - so definitely of interest ( for me) in the short term.

New 12 month low today - yield pushing toward 10%.

Fresh lows here again today - something not right?

Good support at approx 140p.

RSI through the floor - I've had a limit in @146 all day.

Ugh!!!.... maybe a little more to go before a bounce, imo.

Trading Update - Downturn in retail sector impacts ISG

I've bitten the bullet and bought in here.

From this weeks's Shares Mag:
"Dan Coatsworth
Dump Interior Services (ISG:AIM) following monday’s (16 Jan) profit warning. The construction services specialist blamed uK retailers and banks for delaying or cancelling projects. These are meant to be the type of clients which increase spending on refurbishing their stores during tough economic times.
We also see the dividend at risk if trading conditions do not improve.
The stock is yielding 13.2%, assuming it maintains the 15.06p dividend paid in 2011. Stockbroker panmure Gordon has slashed its earnings per share forecast to 19.4p for 2012. This would imply Interior Services will only have a dividend cover of a skinny 1.3 times. Interior Services said at full-year results (6 Sep ‘11) work had doubled for Tesco (TSCO), yet the supermarket accompanied last week’s (12 Jan) profit warning with comments its uK development plans would have to be rethought.
Shares says: We see too many negatives short-term for Interior Services. SEll

What's this "skinny 1.3 times" ? :-)

On a serious note, the Tesco angle was one of my first thoughts/concerns - have a look at their list of customers.

INTERIOR SERVICES GROUP PLC
("ISG" or "the Group")
ISG Awarded Contract for £100+ Million Data Centre

Interior Services Group plc, the international construction services group, today announces that it has signed a contract for a £100+ million data centre with financial services provider Santander to construct and fit out a new facility in East Midlands.

The project encompasses the construction of two identical buildings, each with an individual gross floor area of over 161,000 sq ft, that will be delivered concurrently. The technically complex fit out of the buildings includes a highly resilient services installation, enabling full maintenance of the 24/7 operating facility.

David Lawther, ISG Chief Executive, said:

"We are delighted to announce this contract win. We have been focusing our efforts on the data centre market, bringing together a highly skilled technical team. We expect further growth in this area as we focus on our multinational clients and on their increasingly demanding technical requirements."


6 February 2012

Mind the gap :-)

The risk of derisory margins!
Can't believe the divi can be maintained
www.investorschampion.com

Interim Results 6th March 2012.

Half Yearly Report

Group Highlights

· In UK, maintained market leading positions and revenues in a highly competitive market place
· Overseas businesses performed well and now account for 27% of Group operating profit, up from 6% in previous year
· Continuing to benefit from reputational strength, diversified portfolio and investment in new markets
· Interim dividend maintained
· Order book at 31 January 2012 at £841m (2011: £794m), heavily weighted towards private sector

I was expecting at best, flat today (the maintained dividend was already known), but up 3.2% on a largely down day.

Directors adding to their SIPPS - Director's Dealing.

ISG wins Dundee medical school extension

ISG has been awarded a £4.3m contract to build an extension at
Dundee’s Ninewells Hospital.

Interior Services Group plc

ISG Appointed to MoJ Strategic Framework

ISG has been appointed to the Ministry of Justice (MoJ) Strategic Alliance Agreement Framework for Construction, which has a six-year duration and a potential £1 billion expenditure over its life. ISG has been successful in three categories - National (for projects of £10 million and over), North region and South region (both for projects from £150K up to £10 million). ISG is one of six constructors appointed in the National category, and one of five successful bidders within the two regional categories.

The framework encompasses new build, alterations, refurbishment and maintenance work and can be used across prison estates, court estates, the probation service and tribunals. Additionally, there is the potential for other Government clients to also procure construction services through the framework. Under the previous MoJ framework, ISG was appointed to just one regional category - the North - and to date has delivered in excess of 40 projects valued at over £82 million.

Cathexis Capital >3%