Hello Share Pals. Back in the mists of time my mum used to buy me kunzel cakes as a Friday treat. No idea if they still exist, or even what they tasted like. But it reminds me that a company worth looking at is the similarly-named Bunzl (BNZL).
As I noted six months ago Bunzl (BNZL), the “specialist international distribution and services group”, may be a FTSE 100 company but it is not particularly well known. Nevertheless, it keeps on making business progress as observed by today’s first half 2023 numbers with it “upgrading our 2023 adjusted operating profit guidance, supported by a meaningful increase in our operating margin expectations”. Shows that despite all the doom and gloom out there, the world is not impossible right?
As a boring (predominately) large cap global investor, it has perhaps been a bit of a surprise that it took me years to warm to FTSE 100 company Bunzl (BNZL), which describes itself as a “multinational distribution and outsourcing company”, which has banged out thirty years of rising dividends. A few months ago, I observed I thought it would be smart to “wake me up if Bunzl shares fall back below a 26 quid price (again)”. That has not happened and today the shares are kicking around above a thirty quid share price. Time for me to get (finally) more excited or not?
Are you nearly ready for Christmas? I hope that you are, as it has been a busy, and often volatile, year for all investors, and it is always good to have a bit more of family time focus. Naturally though, weirdos like me will be spending a bit of each of the final ten days of 2022 looking at market matters. And that inspires me this morning to write about the specialist international distribution and services company Bunzl (BNZL).
Hello Share Scrapers. Companies essential in the way the business world turns have a stronger chance of growing their share price than most other concerns in this very dodgy economic climate. One such outfit is Bunzl (BNZL), a massive Footsie distribution company sending out stuff that’s important to other companies all over the world.
Almost exactly a year ago, I asked myself “I historically mucked it up on Bunzl (BNZL), so what do I think now?”. I concluded back then that it was a worthy business, which had grown its revenue, profit and cash flow over time but I passed on buying the shares as I was fired up by a bunch of different sectors and corporate names. Though, despite the stock falling about 4% this morning, it is still up over 10% during the last year. So should I be more boring and buy the stock?
If my maths is correct, it is almost one hundred months ago that I quit being an institutional fund manager. I certainly have no regrets. Anyhow, I do recall that one colleague was banging on about the attraction of Bunzl (BNZL), the ‘specialist international distribution and services’ company, at the time. Including dividends it has delivered a 200% gain since then which is far from shabby...even if at the time (and subsequently in my own pension fund) I’d invested in global companies I have inherently been much more excited by. So - on the last day of August, following the publication of first half numbers - what do I think now?
A rough day in the markets as worries about the coronavirus, supply chains and much else linger. If you noted my call that sub thirty quid was a potentially interesting level for Carnival (CCL), I guess today is the day for acquiring a few. Naturally, I will be joining... but onto something more boring…
Thanks to the excellent ShareProphets search functionality, I can see that I last (and initially) wrote on the international distribution company Bunzl (BNZL) last August. Within that article I also shared the useful information that apparently to 'bunzl' someone is 'to prank someone gently, randomly, and inexplicably'. Today's double-digit percentage dump by a company beloved by dividend munchers and earnest (but very boring) fund manager types is very, very out of character...
