FRTEB
25 Aug 2015
Re: Confidence in the future .... " Overall, whilst it may be a slow road forward, the company (and therefore the share price) will ***with out doubt*** advance positively over the coming months. " Wow, you must be a very rich man, Herbie 
You wouldn't happen to know the euromillions lottery numbers for tonight, would you? 
Honest Herbie
25 Aug 2015
Confidence in the future .... For all the negative news on their so-called 'bad loss-making contracts', and the recent write-offs, the strong likelihood in that SERCO will in the future be able to renew many of their coming to-an-end term contracts, and also add new significant contracts, as their size, experience, and lack of genuine competition in several areas, will all have an effect. Overall, whilst it may be a slow road forward, the company (and therefore the share price) will with out doubt advance positively over the coming months.
whatshouldIknow
13 Aug 2015
Re: Yarl's Wood It probably doesnt help, but the interview I heard clearly stated it wouldn't matter who was running it, the fault is wider than that. But we must accept reputation takes a while to rebuild, and media will take every opportunity, despite the main areas of criticism raised by the HMCIP concern policy or individual decisions to detain which are made by the Home Office, and the healthcare provided at the centre by NHS England and their contractor G4S. So here we sit, waiting for that recovery to start, could be a long wait though
frog in a tree
12 Aug 2015
Yarl's Wood More bad news about Yarl's Wood from the latest inspection report. The Home Office may well carry most of the responsibility but I can't help but think that Serco is incurring reputational damage and would probably be better off out of this contract.CheersF
nk1999
12 Aug 2015
Broker views From ADVFN:"Bank of America Merrill Lynch has maintained its 'neutral' rating on troubled outsourcing group Serco after the group posted a first-half pre-tax loss of £76.2m.The broker warned that although the group's Compass asylum detention centre operation benefited from lower UK asylum numbers, the ongoing migrant crisis in Calais, where immigrants are trying to enter the UK, "warrant caution" for the second half.Merrill also noted Serco's "slightly fuzzy caveat" that risks associated with full-year guidance are now weighted to the upside."Revenues and profits will continue to be under pressure in 2016 as previously indicated, and the company has now given some more guidance on this," the broker said in a note."We leave our trading profit forecasts broadly unchanged for 2015 (£92.5m), although we trim our revenue forecasts for 2016 earnings by (around) 4% to reflect the increased disclosure on the revenues up for rebid and timing of new contract opportunities. We also take our 2016 trading profit down by (around) 2%."========== ======RBC Capital Markets, meanwhile, said 2016 would be the key year for the group."There is slightly more detail on 2016 revenues, where known attrition will reduce revenues by £350m and there are another 60 contracts to be rebid between now and 2017, with aggregate annualised revs of £140m for the remainder of 2014, £340m in 2016, and £360m in 2017," the broker said."Hence there is a significant risk that revenues could be well below consensus of £3,325m for 2016 and 2017. Management will update on 2016 guidance at the full year." "
nk1999
03 Jul 2015
Liberum From Citywire:"‘Hold’ on to strengthening Serco, says LiberumBetter-than-expected half-year results at Serco (SRP) boosted the outsourcer’s share price yesterday but there is slow progress on the sale of its business process outsourcing (BPO) arm, said Liberum analyst Joe Brent.Brent retained his ‘hold’ recommendation and target price of 135p after Serco reiterated its earlier forecast of full-year revenue of £3.5 billion and trading profits of around £90 million.This was good news for a company that tapped shareholders for £500 million in March after a disastrous year of contractual problems that angered the government, its biggest customer.Brent said the interim result ‘guides to a little better’ and ‘trading a little better’. Despite signing £1 billion of new contracts, Serco’s focus ‘has been on securing existing relationships’, the analyst said.‘We estimate the order book has reduced from £12.6 billion at full-year 2014 to £11.9 billion, given the £1.7 billion of order burn,’ he said.The main issue is the disposal of its BPO division, with Indian press reporting that buyer Blackstone has dropped out of the deal, leaving CVC Capital Partners as frontrunners.Serco shares rose 7.7p or 6.5% to 125.7p. They have fallen nearly 22% this year and lost two thirds of their value in the past year."
nk1999
02 Jul 2015
Numis From ADVFN:"Serco's stock was extending gains on Wednesday after a well-received first-half trading update the day before, with Numis Securities providing a further boost by upgrading its recommendation from 'reduce' to 'hold'.Numis said Serco revelations that first-half trading had been a little better than expected, was "encouraging".The broker highlighted the company's strong contract renewal rate, with £800m of the £1bn contracts won during the period being re-bids of extensions.The broker kept a 130p target on the stock, which was up a further 0.6% at 126.4p on Thursday morning."
forwardloop
01 Jul 2015
info [link]
II Editor
01 Jul 2015
NEW ARTICLE: Serco rallies, but mountain to climb "LSE:SRP:Serco has been a spectacularly poor performer over the past two years. In that time, a series of profits warnings, scandals and a huge cash call has wiped out over 80% of the company's valuation. Shareholders have been watching closely ..."[link]
wbaker
26 Jun 2015
Mass Serco sell off with no news? What do the no what we don't? doggy as!
lambrini girl
26 Jun 2015
Re: Free fall downgrade to 50p...does that mean I get 2 cases of champers!!
Hardboy
25 Jun 2015
Re: Telegraph- Questor NK,I think they have a good man at the top; but it may take him a few years to get them back on the right track.
nk1999
24 Jun 2015
Re: Telegraph- Questor BS,I made my first ever investment in Serco at 121.9p last week. I hope this can recover from here, in the medium to long term (I am happy to hold for 5+ years) irrespective of Telegraph article.So I will be watching with more interest going forward.nk
Blanketstacker
24 Jun 2015
Re: Telegraph- Questor Totally agree. Serco took on some work for one of my former employers. Nice people, but a total shambles. The company is too fragmented to prosper as it is.
nk1999
24 Jun 2015
Telegraph- Questor "Is Serco 12-year low a major buying signal?: Outsourcing group Serco saw its shares soar more than 8% higher yesterday after touching a 12-year low at the end of last week, so is now the time to buy? When Mr Soames took control, he issued a “bring out your dead” call for management to review all the troubled contracts, which led to an annual pretax loss of £1.35 billion. Serco acquired Indian-outsourced accountant and call centre business Intelenet in 2011 in an attempt to diversify away from its core U.K. defence market and into the emerging markets private sector. The company paid a premium, splashing out up to $630 million (£385 million) to buy the business from private equity Owner Blackstone. Serco’s shares have tumbled from a peak of 558p in July 2013 to just 117p on Friday last week, in the process dumping the company out of the FTSE 100 index. The shares also pay no dividend and debts will continue to rise even though the rescue rights issue went some way to plugging the gaps. The cash raised from selling the Intelenet business would have been useful so any cut-price deal would be a blow. We said Serco was a “classic falling knife share” at 362p in July last year, and reiterated our advice to avoid the shares at 183.7p on March 12. We need to see some more stable profit figures before changing our view. Serco at 133.3p +9.8p. Questor Says “Avoid”."
