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Interserve Share Discussion Threads
Showing 4151 to 4174 of 4175 messages
|Brexit is not an irrelevance Wad, it will be one of the main factors behind the governments infrastructure investment drive hopefully announced in the Autumn and of which IRV should benefit. :)|
|Laing's results out today and looking better ; the sector looks a solid place to invest and Brexit appears an irrelevance. £6 on the distant horizon?|
|Cousin Carillion reporting today too (in their usual terse fashion) - flat revenues, flat profis, flat price, flat everything. But at least dodged the energy-from-waste bullet.
Interserve looking quite good in comparison in my view. More underlying growth prospects, where Carillion seems more steady-as-she-goes.
Will have a look at Costain later, thanks for the mention.|
|Continue to be surprised that IRV announce such small contracts; this has a gross revenue of £1m per month approx. between now and 11/17 whereas in H1 16 total construction gross revenue was £75m per month.
Thought of IRV this morning when reading Costain’s interims and they are still have to take provisions on their Manchester PFI energy from waste contract which was a forerunner of IRV’s Glasgow contract. Good to see in the interims that IRV firm in saying that the £70m provision was still seen as sufficient.|
|It will be known, inevitably, as the Pizza Hut!|
|I misread it as a Pizza learning centre ; popular with students?|
|Nice conract win reported this morning, well done.|
|Money money money...always money lol|
|Next stop £5.|
|...and hopefully can hold above £4.00|
|Get up there|
I take it your tongue is very firmly in your cheek by your recent comment..."The only people who had not lost the plot were the management for being honest a few months ago". Au contraire!|
|With all its current difficult experience in energy-from-waste contracts you might think the company will have learnt more about this area of work than anyone else tempted to tender in future.
I'd have thought we would be able to be more accurate with costings & timings etc., & even be able to help frame terms in future opportunities. You never know.|
|company broker... still, I like the price target of 535p :-)|
|Numis cheers Interserve’s debt efforts - HTTP://citywire.co.uk/money/the-expert-view-itv-interserve-and-paysafe/a941650?ref=citywire-money-picture-galleries-list#i=4
<<Numis has welcomed Interserve’s (IRV) efforts to reduce its debts, even before the support services company reaps the benefit of an exit from its problematic energy-from-waste contracts.
Analyst Howard Seymour retained his ‘buy’ recommendation and 535p target price on the shares, which jumped 16.8% to 373.7p yesterday after solid half-year results.
‘Interserve is (not surprisingly) exiting energy-for-waste and the timing of completion in 2017 and exceptional loss provision of £70 million remains as before,’ he said.
‘However, the group now expects that much of the cash impact will take place in the current year so the fact that the group has seen a reduced first half and expected year-end net debt figure is all the more impressive.’
‘We retain estimates, target price and view that Interserve is the most geared recovery play special situation in the sector.’>>
NOTE: Numis are joint broker to Interserve|
|Good morning bend.
Looks like the market really had lost the plot. Insiders didn't already know the next set of results would be bad, the divi wasn't cut, "etc". The only people who had not lost the plot were the management for being honest a few months ago, and those who thought the share price was cheap under £3.|
|Amazed by the speed of this recovery. Not convinced by the Board playing down the Glasgow waste venture £70m write-off, and despite that the business is basically just shuffling along slowly on wafer thin margins, so nothing to get that excited about. Still, the market likes the results and that's what counts.|
|A nice update. The information issued at the time of the contract losses stating it was an isolated issue have so far been proven accurate. Happy to hold and receive the juicy divis for a minimum target of £5.|
|Not an unreasonable target on the fundamentals I would have thought. Perhaps its biggest vulnerability is the narrow margins , 2% means that one unexpectedly expensive event trashes the profit. But conversely , a windfall would make a big positive difference.|
|Happy days. I see this share back in play and I'm going to stick my neck out by forcasting a share price of £4.70 by year end.|
|Nice rise wad.|
|That has clearly removed some doubts from the market. Feeling less smug about my Monday sell today! But that is trading for you. Rather happier about my main holding.|
|I assume most people here are aware of the webcast today but just incase you are not here is the linkhttp://engage.vevent.com/microsite23.jsp?eid=4158&seid=30&page=1&language-code=en&country-code=US&logon-form-state=0&login-return-state=1&embedded=false&code=Direct%20Access&no-login=false|