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This is probably one of the most boring companies on AIM….but it generates lots of cash!

23/05/2018

This is probably one of the most boring companies on AIM….but it generates lots of cash!
Johnson Service Group, the provider of textile rental services, has been revitalised over the past few years. It may not be the most thrilling of businesses, but boring business can often deliver exceptional investment returns. Our latest Premium Research digs into the detail of this cash machine…

- History Johnson Service Group (AIM:JSG) has a long history having originally joined the Main Market of the London Stock Exchange back in May 1958. It subsequently transferred to AIM in June 2008, at which time it sold off its corporate clothing business which helped reduce its punitively high level of debt. Following arrival on AIM, the Group also sold its Facilities Management division in 2013 and Dry Cleaning business in 2017. The Group has also made several strategic acquisitions of well invested businesses within the Hotel, Restaurant and Catering (‘HORECA’) market. - Johnson Service Group today The current business…

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