mtap
11 Dec 2015
Any info greatly appreciated I am currently considering Serco as a recovery play. Please if anyone can get me up to speed with its story, why the big write down, is the divi under threat, board members any good, how long has CEO been in place etc?/Thanks in advance
Hardboy
07 Dec 2015
Re: SRP..Significantly HIGHER.......... I also thought it was a strong update, and am disappointed by the market reaction.
oldjoe1
07 Dec 2015
SRP..Significantly HIGHER.......... SRP Serco Group, Cracking update............SRP Serco... Reported Trading Profit in 2015 likely to be significantly higher than Underlying Trading Profit.[link]
oldjoe1
01 Dec 2015
SRP, This Mornings FULL Broker Note...... SRP Serco GroupUpdated with this mornings full note. [link] Full Note This Morning.BUY TARGET 157p</b></u><b><i>We upgraded to Buy in September as we felt risk/reward had becomefavourable. According to The Financial Times this contrarian call was “verybrave” but two months on, and ahead of a year end trading update, ourconviction is increasing. Headwinds have not fully abated, but the IMS willhighlight the significant progress made by new management in 2015.FY16E attrition guidance could increase to £400m. Earlier this year, Serco guided to£350m revenue attrition in FY16E. In our view, this could be revised to c£400m as the originalfigure included £50m from Intelenet (which drops out as it will be sold before year end)and the following contracts have been lost or lapse: US National Benefits Centre (£35-40mannual revenue); Virginia Department of Transport (c£35m annual revenue, winding downtowards a May 2016 exit); complex cases child maintenance (£30m annual revenue whichruns off over three years as existing cases are resolved).Disposal update. Judging by Blackstone’s recent financing activities the Intelenetacquisition is on track to complete before year end. This leaves UK leisure/waste as Serco’ssole remaining non-core asset, but novating its contracts to individual legal entities couldtake until mid-2016. Serco’s balance sheet will have been de-risked by then, and we think itsturnaround will have a firmer footing so there may be a case for retaining this public sectorfacing unit.Positive cashflow developments. Serco recently reached a favourable agreement withthe Australian government to amend its contract to provide in-service support to ArmidaleBoats. This is the largest component of the £447m onerous contract provision and resolvingloss makers would lead to material FCF upgrades. On recovered earnings, Serco has an 8%FCF yield.Trimming LFL revenue assumptions; unchanged EPS. We now anticipate -8% and+2% organic revenue growth in FY16E and FY17E, respectively (previously -5% and +3%)due to higher attrition, but our EPS estimates remain unchanged for two reasons: 1) as wehighlighted in our September note, management feel more in control of cost efficiencies;2) we assumed that UK leisure/waste would be sold in late 2015 but have reconsolidateduntil any transaction is clearer.</b></i>
oldjoe1
01 Dec 2015
SRP, UPSIDE POTENTIAL. <b><u>Serco Group plc 41.4% Potential Upside Indicated by Jefferies InternationalPosted by: Ruth Bannister 1st December 2015</b></u>Serco Group plc using EPIC/TICKER code LON:SRP had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at Jefferies International. Serco Group plc are listed in the Industrials sector within UK Main Market. Jefferies International have set their target price at 157 GBX on its stock. This indicates the analyst now believes there is a potential upside of 41.4% from the opening price of 111 GBX. Over the last 30 and 90 trading days the company share price has increased 13 points and decreased 14 points respectively. Serco Group plc LON:SRP has a 50 day moving average of 102.68 GBX and a 200 day moving average of 131.72 GBX. The 1 year high stock price is 188.8 GBX while the 52 week low is 89.48 GBX. There are currently 1,097,554,751 shares in issue with the average daily volume traded being 4,454,677. Market capitalisation for LON:SRP is £1,275,358,587 GBP. Serco Group plc is a United Kingdom-based provider of public services. The Company operates through six segments: UK Central Government, UK & Europe Local & Regional Government, Americas, Asia Pacific, Middle East and Global Services, which provides BPO services across the globe.
oldjoe1
01 Dec 2015
SRP, Broker Update....... <b>Serco Group plc (SRP) Given “Buy” Rating at Jefferies GroupDecember 1st, 2015 • 0 comments • Filed Under • by ABMN Staff</b>Serco Group plc logoSerco Group plc (LON:SRP)‘s stock had its “buy” rating reiterated by Jefferies Group in a report issued on Tuesday, MarketBeat Ratings reports. They presently have a GBX 157 ($2.36) price objective on the stock. Jefferies Group’s target price suggests a potential upside of 42.08% from the company’s current price.In other Serco Group plc news, insider Gardner,Roy A acquired 25,000 shares of the stock in a transaction dated Wednesday, November 18th. The stock was acquired at an average price of GBX 99 ($1.49) per share, with a total value of £24,750 ($37,234.84).
oldjoe1
01 Dec 2015
SRP Serco Bouncing Off A Bottom... SRP Serco Group (international Support Services Group)todays Buy moving up nicely. 01 Dec Jefferies International Buy 111.70 157.00 157.00 Reiterates [link]
Uncle Doug
20 Oct 2015
Re: HSBC view You forgot to put their target price - 77p. Ouch!!!
nk1999
16 Oct 2015
HSBC view From ADVFN:"Serco slumped after it was downgraded to a 'reduce' rating by analysts at HSBC, who said the government's proposed 'living wage' adds another tier of unknowns to the Serco story, and considerable risks to the margin upside."
Hyperproject
28 Sep 2015
£1 and Lower Finally, it did take a month or two longer than I originally thought. Champagne anyone?
nk1999
17 Sep 2015
Re: Free fall LG,I am happy to decorate you with a "BANG-ON" if you handover all your Serco shares to me at £1 (your BANG-ON Target Price) today.
nk
lambrini girl
17 Sep 2015
Re: Free fall >>SELL(180) target £1<<...c'mon chaps help me out and put a BANG ON!! up...
nk1999
17 Sep 2015
Jefferies From Citywire:"Jefferies relieved to see Serco sell India unit back to BlackstoneJefferies analyst Kean Marden was pleased to hear that outsourcing firm Serco (SPP) had finally sold its business process outsourcing division, even if it was back to the US private equity giant from which it bought the business four years ago.Chief executive Rupert Soames had been trying to offload the India-based operation since last year when he was appointed to turn around Serco and reduce its debts. He has reached an agreement with Blackstone which will buy the business for £250 million ($384 million), less than the $630 million it paid in 2011.Retaining his ‘buy’ recommendation and target price of 157p Marden said: ‘This is in line with our estimates although £15 million transaction costs are slightly higher and a £35 million tax indemnity, which is uncertain and long duration, also reduces net proceeds.’‘Fortunately, UK progress (in exiting BPO activities) has been impressive and our estimate of £30 million exit costs could be £10-20 million too high. The update is positive as the balance sheet has now significantly de-levered and execution risks have subsided,’ he said.Serco shares gained 2.3p yesterday to 105.8p."
FRTEB
26 Aug 2015
Re: Confidence in the future .... Fair enough. Let's talk again when Serco are at 12p 
Honest Herbie
26 Aug 2015
Re: Confidence in the future .... Sorry FRTEB I can't help you with the lottery numbers, but I've seen this picture several times before - particularly when W S Atkins (the largest civils consulting engineer in the UK at the time) fell down to around 12p, now what price are they?
