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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.

skinny - 12 Oct 2012 15:16 - 85 of 174

Strong today - Looks like a tip in IC (I haven't read it), although volume low as ever!

skinny - 22 Oct 2012 07:14 - 86 of 174

Re Contract

ISG secures £100m of new contracts for key private sector clients

Interior Services Group plc, the international construction services group, today announces that it has secured in the last four weeks new contract awards totalling £100m for key private sector clients.

Within the UK, ISG has been awarded four contracts totalling £70m, including a major new warehousing facility for a drinks company in Scotland and the fit out of a first class airport lounge at Heathrow's T2 for United Airlines.

Internationally, ISG has further expanded its blue-chip client base securing four projects totalling £30m, including a third project in Paris for one of the UK's leading retailers and an office fit out project for an International Health Care Company in Abu Dhabi.

skinny - 22 Oct 2012 14:57 - 87 of 174

MA crossover - ex dividend Wednesday @4.59p

skinny - 09 Jan 2013 06:57 - 88 of 174

ISG Lands A Place On Bristol Airport Framework

The four-year framework will underpin the airport's master plan for expansion, with passenger numbers predicted to increase to 10 million per year over the next decade. Projects expected to be delivered via the framework include the expansion of the airport terminal, new office accommodation for airport staff and retail space, enhanced public transport infrastructure and increased parking capacity.

skinny - 05 Mar 2013 07:05 - 89 of 174

Half Yearly Report

Group Highlights

· Performing well in core retail and corporate office markets despite difficult UK economic conditions
· Developing our presence in engineering services and hospitality sectors
· Growing reputation and traction in our overseas businesses
· Continuing revenue stream from London 2012 Olympics
· Net cash balance of £25.3m at 31 December 2012 (30 June 2012: £25.4m), with banking facilities renewed until September 2015
· Order book ahead by 9% at £766m (2011: £704m), of which £512m is for delivery in current year, with private sector bias of 80% (2011: 77%)
· Interim dividend maintained at 4.41p per share

Divisional Highlights

UK Fit Out

· Operating profit of £2.0m (2011: £2.3m) on revenue of £119m (2011: £92m)
· London office fit out market remains competitive, with project sizes smaller, but larger scale projects beginning to re-emerge
· Increased revenue from growing engineering services market
· Order book up 83% to £170m (2011: £93m)

UK Retail

· Operating profit, as anticipated, decreased to £2.6m (2011: £3.0m), on reduced revenue of £164m
· Business has maintained its market leading position and margins are stable
· Substantial work under frameworks carried out for the leading major UK supermarket and retail banking brands
· Order book lower at £102m (2011: £148m) reflecting decrease in investment in new build projects by retail customers

Continental Europe

· Operating profit of £1.1m (2011: £1.3m) on revenue of £51m (2011: £53m)
· Office fit out business saw France and Germany performing well, but Italy weaker
· Retail fit out business continuing to grow, working for several repeat customers
· Order book lower at £26m (2011: £49m); since period end awarded £15m of projects

Middle East and Africa

· Later project starts have again impacted the first half results
· New office in Johannesburg opened
· Order book up 100% from prior year to £20m supports a stronger second half

Asia

· Operating profit maintained at £0.7m (2011: £0.7m) reflecting higher margins despite lower revenue of £35m (2011: £47m)
· North Asia driven by strong retail, hospitality and leisure sectors
· South East Asia, successfully diversified into hospitality and leisure sector
· Continue to invest for growth in our consulting businesses
· Order book higher at £39m (2011: £27m) supporting stronger second half activity in South East Asia


UK Construction

· Revenue increased by 18% to £280m (2011: £237m) on the back of London 2012 Games overlay works contract, generating an operating profit of £0.7m
· Strategic focus is on repeat customers and frameworks
· Market conditions remain challenging - in process of reorganising UK East region
· Order book increased to £409m (2011: £377m) and now weighted 65% towards private sector (2011: 58%)

skinny - 05 Mar 2013 08:56 - 90 of 174

Panmure Gordon Buy 139.50 137.50 170.00 170.00 Retains

dreamcatcher - 09 Mar 2013 17:36 - 91 of 174

Interior services set for recovery in IC on Friday. PE ratio of under seven. Picked some up on Friday.

skinny - 11 Mar 2013 13:18 - 92 of 174

Another excellent day.

dreamcatcher - 11 Mar 2013 13:19 - 93 of 174

What is the sun out where you are ?

skinny - 11 Mar 2013 13:22 - 94 of 174

Midday spike not bad either!

dreamcatcher - 11 Mar 2013 17:19 - 95 of 174

Interior Services Group PLC (ISG:LSE) set a new 52-week high during today's trading session when it reached 163.52. Over this period, the share price is up 16.91%.

skinny - 12 Mar 2013 16:27 - 96 of 174

Ex dividend tomorrow 4.4p.

dreamcatcher - 02 Apr 2013 15:15 - 97 of 174

Sold my holding

skinny - 04 Apr 2013 08:10 - 98 of 174

Interior Services Group plc
Change of name

4 April 2013

The Board of Interior Services Group plc (the "Company"), the international construction services group, is pleased to announce that the Company's name has been changed to ISG plc.

The Company's TIDM ('ticker') will remain unchanged as ISG. The Company's ISIN will remain unchanged as GB0002925955.

The new Company name is aligned to its brand name. Additionally, it is more reflective of the growth of the Company - from its roots in London Office Fit Out to its current position as an international leader not only in the Office sector, but also in Retail. For London 2012, ISG worked on every Olympic venue and built the world-renowned Velodrome.

skinny - 21 May 2013 08:23 - 99 of 174

ISG's UK Retail business secures £50m of new projects

Since our interim statement, ISG's UK Retail business has secured £50m of new projects which has resulted in a 45% increase in its order book to £148m as at the end of April 2013 (December 2012 - £102m).

The new wins include significant projects for repeat customers such as Morrisons, Primark and John Lewis Partnership. Additionally, during the period ISG has secured a new four-year appointment to a £40m-per-annum framework with a leading high street chemist.

David Lawther, ISG Chief Executive, said:

"I am delighted to be able to announce ISG's continued success in the Retail sector. We continue to win work under frameworks with both new and repeat customers, thereby strengthening our market-leading position."

skinny - 29 May 2013 07:55 - 100 of 174

ISG Awarded £52 Million Former BBC World Service HQ Refurbishment

ISG has been awarded a circa £52 million project by Japanese owner Kato Kagaku Co. Ltd to substantially refurbish the iconic former home of the BBC World Service - Bush House in central London. One of the largest commercial office refurbishment schemes to be awarded in 2013, the completed development of over 300,000 sq. ft. of lettable high specification Cat A space across four buildings on site, will be renamed the Aldwych Quarter.

skinny - 17 Jun 2013 09:49 - 101 of 174

12 month+ high @167p.

skinny - 20 Jun 2013 09:55 - 102 of 174

12 month+ high @173.50p.

skinny - 20 Jun 2013 15:37 - 103 of 174

One of an elite few today.

skinny - 21 Jun 2013 07:03 - 104 of 174

Acquisition and Placing

Acquisition

· ACE, which was established in 1990, provides office fit out and refurbishment services in Brazil's two largest cities of Sao Paulo and Rio de Janeiro.
· ACE provides services to both local clients (60% of its activities) as well as international clients. ACE employs around 115 staff and, in the year ended 31 December 2012, it reported revenue of £10m and profit before tax of £1.1m.
· The Acquisition is consistent with ISG's stated strategy and will enhance the Group's offering by:
- expanding ISG's international presence into a developing economy with excellent long-term growth prospects;
- providing opportunities to market to ISG's existing international client base; and
- providing opportunities to assist ACE expand into new sectors in which the Group has expertise.
· Under the terms of the Acquisition, ISG will purchase an initial 20% minority interest in ACE for £1.9m (satisfied by £1.7m cash and £0.2m shares in ISG), and will have a circa twelve month option to acquire the remaining 80% of shares in ACE for a maximum consideration of £12.7m, payable over four years.
· The Acquisition is conditional only upon completion of the Placing.

Placing

· Gross proceeds of £7.75m (approximately £7.35m net of expenses) through a placing of new ordinary shares of 1 pence each in the capital of ISG at a price of 155 pence per new ordinary share.
· The Placing Shares will represent approximately 13% of the Enlarged Issued Share Capital.
· The Placing has been fully underwritten by Numis.
· It is expected that admission of the Placing Shares to AIM will become effective, and dealings in the Placing Shares will commence on AIM, on 26 June 2013.
· The proceeds of the Placing will fund the cash element of the ACE consideration due up to March 2015 of circa £4m (assuming exercise of the option), as well as the payments due under a number of bolt-on acquisitions and related costs.
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