Lenders to construction and support services company Interserve PLC Lenders to construction and support services company Interserve PLC called in advisers as fears grow over the firm's finances, Sky News reported Sunday.Sky News said a group of high street banks, including HSBC Holdings PLC and Royal Bank of Scotland Group PLC, hired Ernst & Young last week in the wake of a profit warning from Interserve in September.Interserve saw shares half, Sky News noted, when it blamed economic uncertainty and weak government spending for downgraded profit expectations. Its chief executive and finance director have both left the company in the past year.The company also warned costs associated from exiting its energy-from-waste business would be far higher than the previously estimated GBP160.0 million.Sky News said the move will raise concerns Interserve could face a financial restructuring similar to that of rival Carillion PLC.
Re: 120p resistance ready to break dont forget that allegedly there is some dire profit warning news coming out any day. after that pointless and vague profit warning that crashed the shares to 75p on a single day, the great management of this company promised us the gory details 'shortly' - presumably they weren't making the whole thing up!? And if so your chart is only gonna head one way
Re: 120p resistance ready to break Has done it this moning from the start of the day and then finished strong to 122.50 v 123p after reaching 123.25p at one time
Re: 120p resistance ready to break Er, except is has broken out - upwards??? Am I missing your point? Apologies if I am seemingly obtuse.
Re: 120p resistance ready to break yep should tumble back soon it didnt fall for no reason im shorting
120p resistance ready to break volume is slightly higher, but need much more to break free from the 120p resistance for the last few days.
Re: Bounce Weyhey - only less than 60% down now for me!
Re: Bounce im getting a bit twitchy! its come back a long way from the 70p. presumably shortly they are going to come out with some bad news re trading and then we could see a 40p+ fall. unless the whole thing was just to wind up the small PI s - whatever way its all been pretty farcical
Re: Bounce be careful its another carillion which are currently 40p
Re: I think this is way oversold Sold my shares @100p - after 3 yrs of ups and (mostly) downs. Anyway £1 seemed a nice round number! I've lost out 2.8K but had made gains back in 2015 when I dipped out with the sp around 610p so probably not lost all that much. I dunno what the future holds for IRV but the dodgy lies from their trading update last month was just a step too far for me. Good luck all holders.
More directors buying today Another director buying today Glyn Anthony Barker, group Chairman62,500 shares @ 89.714pthen 3erGareth Maitland Edwards - Non-Executive Director21,350 shares @ 98p ---------- ---------- --------Should be more to come tomorrow as the bounce gets stronger,.The order book has been very strong on the bid side all day
Re: I think this is way oversold So glad that I held on - big recovery today. I still reckon these are way oversold. Or is it a classic dead cat bounce? A couple of energy from waste contracts going wrong does not justify such a fall from grace. Tomorrow will be interesting ...
Re: Bounce Darn...you beat me 74.5p !
Bounce Good news - bought in at 73p.
Re: CEO buys shares dont think there are many winners-except shorters and husband of the CEO ofcourse!