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Johnson Service Group Chief Chris Sander knows more about clean and dirty clothes than most. After his work in vans Saturday at the age of eight, 31 years ago an employee of Johnson he was, he joined the Board in 2008 and was promoted to chef last year.
In 2008, shares of Johnson hit a low 9½p. Since then, Sander has helped lead the shares at today's price of 86½p.
Midas, the company initially investigated in March 2010, when the shares were 19p. It was to be assessed again three years later when the price has doubled to 43¼p. Now, stocks and brokers have an action still think has to go.
Crisp: chef Jamie Oliver Johnson is a customer-owned London Linen
Johnson has done for many years, specializing in the rental and dry cleaning uniform. But the company has run its way in the 2000s, the acquisition of companies and unnecessary to more than £ 180 million debt.
A new boss, John Talbot, will be supported in the parachute and Sander, realigned Johnson is financially sound with three main divisions - work clothes, bed linen and tablecloths restaurants and caterers in the hotel.
Dry Cleaning outputs Johnsons and Jeeves are still there, too, but the situation of the road were reduced to reflect changes in consumer behavior. The Group has a joint venture with Waitrose launched 122 cleanings, but now.
Recovery: Johnson Chef Chris Sander
The largest division of Johnson Workwear - pristine white overalls engineers for employees of food production.
The company has a 46 percent market share, offering a clean combination 1.35million per week and provides customers such as Jaguar Land Rover and 385,000 uniforms McVitie variations, including different colors and sizes.
For the future, believes Sander the greatest growth potential lies in hotels, restaurants and catering, £ 540million a market where the company has a share of 15 percent.
In March, the group Bourne Textile Services, sheets for hotel chains such as Premier Inn and Holiday Inn bought, and May Sander splashed 65 million £ on the tablecloth and linen wear head specialist London, whose clients include Jamie Oliver and offers elegant Mayfair restaurant The Wolseley.
There are over 100 separate laundry costumes in this area, many of which are held by persons Sander knows that his days studying laundry and cleaning service at Derby College in the 1980s.
Larger business is unlikely, but it is expected that smaller acquisitions Johnson his market in the coming years.
September interim results should be good and to brokers 24 million £ in 2015 and 12 percent of 1.9p dividend offer 20 percent more profit. The company was wary of dividends, after his problems surrounding the financial crisis, but are now expected to grow payments, at a reasonable pace.
Midas Conclusion: Investors who bought in 2010 or even in 2013, liked tilted to one third of the shares and the bank a profit for sale in the restoration and Johnson. But they need to keep the rest. Sander to produce results perhaps within the group for 31 years, but a passion for the business and determined. New investors can find the long-term value of this population.
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