Hardboy
31 Mar 2015
Re: Post right's issue I think you're right it will be a long haul. However they have set out their clear strategy, and are make steps towards it with some recent nice contract wins & some non-core disposals. As for dividends, no business should be paying them if the cash is needed for running and growing the business. Only once they are generating cash they can spare should the dividends be restarted. That depends on many things, including the success of the disposals.
city watcher
31 Mar 2015
Post right's issue So now 1.1bn shares in issue, can't see a fast turn around here, but guess they could be worthinvesting in for the long term if the sp drops any lower - say £ 1 - 18. Any thoughts here ?Also with regard to resuming dividend payments, they all say that is their priority, it does not mean it will happen.
II Editor
13 Mar 2015
NEW ARTICLE: What Serco must do to win City over "LSE:SRP:Serco has been a busy bee. After a series of scandals, a string of profits warnings and appointment of new CEO Rupert Soames in 2014, the accident-prone outsourcer has firmed up plans for a rights issue, completed its refinancing, ..."[link]
Hyperproject
12 Mar 2015
Re: Free fall That's very kind do you.....well remembered. 👽✨
Boring Bernie
12 Mar 2015
Re: Free fall RipleyShe's had too many shandies !Setting a target price of £1 and saying the machine's right because the RI is priced at that when, in reality, the sp dropped to ~150p is just barkingBasically, if you chuck enough darts at the board, you're bound to hit a double or a treble occassionally, so, now that it hasn't got to 100p it's a Buy.If it drops to 100p in the next 12 months then LG's a genius and if it rises, she's a genius.Anyway more generally, I thought the RI would get away at about 120p so, coupled with today's results, it's hard to see an overwhelming case for buying Serco at ~175p.Having said that, it's not that long ago you could buy in the 150's and sell in the 200's so wtfdik would be an extremely accurate thing to say !
Ripley94
12 Mar 2015
Re: Free fall YOU HAVE LOST ME THERE LAMBRINI WHY HAVE YOU PRESSED BUY ?WHEN YOU THINK IT WILL GO TO £1
lambrini girl
12 Mar 2015
Re: Free fall oops!..I missed that one Hyper..>>>Should it reach £1 I will give you a case bubbly of your choice from my profit on my bet that it would drop to 150 or below.<<<..cheers
lambrini girl
12 Mar 2015
Re: Free fall give it a BUY now..
lambrini girl
12 Mar 2015
Re: Free fall >>>SELL..target £1..<<<interesting..my machine gave me £1..the EXACT price of RI..Ive said it numerous times before..but it PREDICTS the News!!! ...BANG ON!!
Hardboy
12 Mar 2015
Today's Announcements The results make pretty dismal reading, but we knew they would. What is important for the share price is the future, and Rupert Soammes said this:"Having confessed our sins and in taking the punishment, we are now ready to start on the path to recovery. We have all we need: a good plan, strong management to execute it, and, following the successful completion of our proposed rights issue and refinancing, a balance sheet that is an appropriate foundation on which to implement our new strategy."They still have a strong contract base, good forward visibility of earnings, and a good pipeline (though not as good as it once was of course.) There is more purging to be done as they off load non-core parts of the business, which will all help to reduce debt further. As expected the rights issue is dilutive, but not as much as it could have been. Given the level of institutional share-holding (which has increased since the announcement of an impending rights issue) it should be largely taken up; then, if things go well it could take 2-3 years before the company is back paying dividends, growing profits, and giving long term share-holders a positive return.
algardish
04 Mar 2015
Sorting it all out-not! Glad to see Mr Soames is sorting all the problems out? not![link]
Hardboy
21 Feb 2015
Northants This could help Serco a bit too -[link]
nk1999
20 Feb 2015
Credit Suisse From Citywire:"Shares in Serco (SRP) rallied by 11.5p to 211.9p on the back of an upgrade from "underperform" to "neutral" by Credit Suisse. The bank, which also hiked its target price for the shares from 142p to 208p, said that upgrade reflects "strong reported progress in the disposal process for non-core private sector business process outsourcing (BPO) assets". However, despite taking a more optimistic view, Credit Suisse stressed that "uncertainties remain abundant" with the company still to announce the conclusion of its strategic review. It also said that the valuation still looks "relatively expensive" given the risks. "nk
algardish
20 Feb 2015
Re: What is on? and the real reason for the increase is:[link]
mynumber
13 Feb 2015
Re: What is on? Feb 10 (Reuters) - CAF CAF.MC : * Says signs deal with Serco Group PLC for the supply of 75 railway cars in Scotland * Says contract value ascends to about 200 million euros ($226 million) Source text for Eikon: ID:nCNM3LHCqV Further company coverage: CAF.MC ($1 = 0.8833 euros) (Gdynia Newsroom) (([email protected]; +48 58 698 3920
)
