Hardboy
03 Nov 2016
News Cracking trading update & interesting strategic development.The Q3 figures suggest there has been nothing to worry about and the drop in share price has been misguided. Sales up 3.8% at = FX, 18% in sterling. Strong profit, excellent cash generation, good utilisation of space (contrary to what the broker was saying) Despite a share buy back, opening 56 new locations, and considerable refurbishment work, net debt is dropping. Then we have the news of a name change, and a moving of HQ. As far as shareholders go, there is no immediate change apart from the name.Presumably the movement of HO is pre-empting a Brexit effect; and maybe an indication that expansion in Europe is more likely than the UK. The change in name interests me as Regus is a strong brand. My guess is they have seen some market opportunity (maybe an acquisition) to set up a business somewhat different from Regus, so they can have 2 or more brands under the same umbrella.
Hardboy
20 Sep 2016
Re: Blanketstacker, You'r Smell Sence is... I'm not going to check the dates, but with share buy backs, once a company has authority to undertake them, the duty of buying the shares passes to a 3rd party who carry on irrespective of markets conditions. This is so the Company can not influence its own share price day to day. if the share back campaign was triggered before they knew about the placing; then it was out of their hands. Frustrating though - as you say that's our money.
Blanketstacker
20 Sep 2016
Re: Blanketstacker, You'r Smell Sence is... Both broker and company MUST have known the book build was coming at 275; so why buy 1.5m shares at considerably more than that? I reckon almost £1m has been wasted. And some of it was my money!!!!
Hardboy
20 Sep 2016
Re: Blanketstacker, You'r Smell Sence is RIG... it's always disappointing when major shareholders sell any of their holding, but I don't necessarily see anything dodgy here. OK JPM knew ahead of markets that there was going to be a major placing which was likely to bring the price down, and issued a note predicting the fall. Mark Dixon still has an awful lot of skin in this game; and why not free up some cash to enjoy it - you can't take it with you - and he's still going to be earning £11m a year from dividends in Regus.Looks like there was no difficulty finding a buyer for the 4%. Was it one or several? I take this point: "recent Brexit worries and faltering business confidence have weighed on leasing figures on a constant currency basis" but only 20% of the business is UK based, so figures are going to be helped by the weak pound. This does not worry me unduly.
FazBarbican
20 Sep 2016
Blanketstacker, You'r Smell Sence is RIGHT Morning Blanketstacker, & all, Looks like Blanketstacker has a sense of smell......"Mark Dixon, the founder and chief executive officer of flexible workspace provider Regus is selling 37m shares, equivalent to a 4% stake in the company, in an accelerated bookbuild.The shares are being placed at 275p each, with JPMorgan Cazenove acting as sole bookrunner. The placing will take Dixon’s stake down to 27.7% from 31.7%.Back in May 2015, Dixon placed 30m shares in the company at 245p per share.Olivetree said: “As is typical with these types of executive sell downs, many will question the motivations behind such a sale however it is worth noting that Dixon has sold down on several occasions in the past, with the stock making new highs in the aftermath.”It said the stock has been particularly well liked in the sector over the last couple of years, but recent Brexit worries and faltering business confidence have weighed on leasing figures on a constant currency basis, with the stock 17% below its November 2015 highs following an indifferent reception to first-half numbers in August. At 0920 BST, Regus shares were down 5.6% to 273.50p."Source: [link] SELL
Blanketstacker
20 Sep 2016
A dodgy wee story... 9 Aug - Positive interims published.26 Aug - JP Morgan give negative report and target of 270.26 Aug to 13 Sep - Company spends c£4m buying own shares at 288-303p.19 Aug JP Morgan announce involvement in sale/bookbuild at 275.20 Sep - price hits 270 (as promised!!!)I smell something, and it ain't violets!
Hardboy
10 Aug 2016
Re: Interims I should have kept quiet
Hardboy
09 Aug 2016
Interims I was impressed with the interims when I read them this morning; and surprised by the subsequent market reaction. Pleased to see they actually finished positive - just.
Hardboy
03 May 2016
Q1 Good update. This company seems to be growing quite quickly, but in a controlled and profitable way. If they can keep growing their space and maintaining margins as they seem to be doing, there is only one way for profits (& shareholder returns) to go.
zulu principle2
23 Mar 2016
Increased my holding at £3.08 Increased my holding in Regus today at £3.08I now hold 4432 share totalling £13,600 which is 6.3% of my portfolio.I will further add more tomorrow takiing it to 10% of my porfolio.What I look for when buying a stock4 years of continual growth which can be a combination of historic and forecast growth – YesLow Forecast PER (<16) & PEG (<0.7) and good EPS Growth (>15%) – No for 2016 buy Yes in 2017It's 2015 Results beat broker forecasts by 18%2016 EPS Forecast 14.6p EPS Growth 9.8% PER 21.0 PEG 2.15 2017 EPS Forecast 18.4p EPS Growth 26.0% PER 16.7 PEG 0.64 The Below are based on 2015 ResultsPositive 1 Year Relative Strength - YesPositive 1 Month Relative Strength – YesROCE of 20% - Yes 87%Profit Margin of over 7.5% - Yes 8%Cashflow Per Share greater than EPS around 1.3 - Yes 2.7Low Gearing Resonable at 32%Quick Ratio over 1 - No 0.6Director Share holding >10% - Yes 32%Dividend Yield (a nice to have) forecast – YesPositive Outlook Statement - YesWe remain confident in our business model and the long-term structural drivers of our industry. We will continue to invest to increase our levels of customer service, make our business relevant to a wider market, drive greater operational efficiency and deliver long-term shareholder value. We will continue to adhere to our strict financial criteria in executing our growth plans and remain suitably vigilant given the current global macroeconomic uncertainty, with flexibility in both our expansion plans and our cost base. Current trading is in line with management's expectations and we remain confident in our prospects for 2016.For me the big Buy Signal for me is the Directors buying in MarchDominik de Daniel Buys 151,112 shares at £2.94 totalling £444,269Dominik de Daniel Buys 179,777 shares at £2.94 totalling £528,544François Pauly Buys 37,718 shares at £2.92 totalling £110,137It is also in Mark Slaters top 10 holdings in his growth fund.23rd March Peel Hunt today reaffirms its buy investment rating on Regus PLC (LON:RGU) and raised its price target to 420p (from 340p).1st March Investors Chronicle had them as a BUYFollow me on facebook[link]
oldjoe1
01 Mar 2016
Re: RGU, Strong Results This Morning....... RGU RegusRegus PLC RGU Canaccord Genuity Buy 293.70 289.50 365.00 365.00 ReiteratesRegus PLC RGU Peel Hunt Buy 293.70 289.50 340.00 340.00 ReiteratesRegus PLC RGU Investec Buy 293.70 289.50 370.00 370.00 Reiterates
Hardboy
01 Mar 2016
Re: RGU, Strong Results This Morning....... These are excellent results, and the growth and prospective growth is mouth-watering, but it is expensive already. The PE is over 26, so I am struggling to work out what is a fair value price for the share.At current prices I think it is fair to judge it a hold, but if it gets back up to the 350 level any time soon, maybe it will be time to take some profits.
oldjoe1
01 Mar 2016
Re: RGU, Strong Results This Morning....... <b>BRIEF – Regus FY profit rises, remains confident on 2016 prospects01-03-2016 07:37March 1 (Reuters) – Regus Plc :</b>FY revenue rose 15.9 percent to 1.927 billion stgFY reported profit before tax 145.7 million stg, up 67 pctTotal dividend up 13 percent to 4.5 pence per shareFinal dividend up 13 percent to 3.1 pence per shareCurrent trading is in line with management's expectations and we remain confident in our prospects for 2016 - CEOSource text for Eikon: ... Further company coverage: RGU.L(Bengaluru Newsroom: +91 806 749 1136)© Thomson Reuters Limited. Click for restrictions
oldjoe1
01 Mar 2016
RGU, Strong Results This Morning....... RGU RegusVery Strong results today........[link] outlookWe remain confident in our business model and the long-term structural drivers of our industry. We will continue to invest to increase our levels of customer service, make our business relevant to a wider market, drive greater operational efficiency and deliver long-term shareholder value. We will continue to adhere to our strict financial criteria in executing our growth plans and remain suitably vigilant given the current global macroeconomic uncertainty, with flexibility in both our expansion plans and our cost base. Current trading is in line with management's expectations and we remain confident in our prospects for 2016. Mark DixonChief Executive Officer 1 March 2016
Hardboy
03 Nov 2015
Q3 Update Trading update is encouraging, and one wouldn't usually expect a decline in share price to follow it; but I think the share p[rice has got a little ahead of itself.Still excellent prospects for continued growth.
