Interserve Share Discussion Threads

[wad collector] 10/9/2015 10:54

Xd 7.9p in a week , I see there has been a 10% share price recovery in the last 3 weeks , yet what really has changed in the value of the company in that time?

[wad collector] 20/8/2015 16:38

I think they also risk alienation by the public .They don't want to get a Serco type label for a small financial benefit and an intangible loss of loyalty by the low paid end of their workforce.
We pay our cleaners significantly more than the living wage and they tend to reward us with loyalty and not pulling sickies. Or maybe we are just lucky.

[spacecake] 12/8/2015 18:04

Construction news..."Interserve grows profit and revenue, but seeks client talks over national wage hike"

Interserves 2014 sustainabilities report does not mention paying sustainable wages or the living wage but they are signatories to the BSA Responsible Cleaner Scheme.

BSA Responsible Cleaner Scheme (RCS): Commitments

Under "Payment & Systems"

"To offer appropriate pay and benefits and to make employees aware of the benefits available to them."

If Interserve could stretch themselves to sign up to the original living wage scheme set up by the living wage foundation they could insulate themselves from political shocks and risk posed by over excitable chancellors of the exchequer.

[m4rtinu] 12/8/2015 15:09

Salp - can't imagine Serco are organised enough to have worked it out yet :)

[wad collector] 12/8/2015 09:30

The early birds....

[deadly] 12/8/2015 09:21

575p was a massive buying chance today, but missed that and got some at 586p

[salpara111] 12/8/2015 09:05

Just sold mine for 608, a modest gain of about 6% when I include the divi.
I will keep them on my monitor as I have always liked IRV and would look to buy again if there was any further weakness.
Good luck to all holders!

[wad collector] 12/8/2015 09:00

I think this statement will be rapidly forgotten and instead the market will look at the growth figures . And then the slow upwards momentum will continue...
Actually I see I am now 4.6% up on my buy from 20 min ago. Couple more pence will cover the dealing costs ....

[salpara111] 12/8/2015 08:52

I guess all you can say with any real certainty is that the upward momentum is now lost so I expect the share price to remain range bound for the foreseeable future.
I do find it interesting that the likes of Capita and Serco have not warned on the minimum wage rise issue.

[deadly] 12/8/2015 08:51

"The unexpected premium to the UK National Minimum Wage announced in the recent Budget, while being absorbed over time through mitigating actions and contract pricing, will present a new headwind from 2016. Despite this temporary setback..."

This is something that would affect all similar companies but their price hasn't plummeted.
Today's is just a brief market panic.

[wad collector] 12/8/2015 08:43

Bizarre , I already have a lot , but bought a lump more just now at 583. I confidently expect to unload them for a quick 5%.

[salpara111] 12/8/2015 08:14

Not a bad statement but the market has spoken.
Having said that it can be read as a large profits warning given next years guidance and the uncertainty that they will be able to price in all the rise in minimum wage given cuts particularly in public sector.
I will look to exit while I still have a small profit.
The share price has been range bound for about 2 years now and I am becoming increasingly uneasy about the possibility of a major market correction when everyone realises that the Chinese economy is in fact starting to tank.

[mike24] 12/8/2015 08:13

buying op when the dust settles?
just panic and fear this am
government contracts must be maintained
sp should recover

[richardbroughton] 12/8/2015 08:09

Over reaction, as always = opportunity IMO.

[edmundshaw] 12/8/2015 08:04

What _is_ it worth? :-)

Looks OK to me too... but Mr Market disagrees...

[philo124] 12/8/2015 07:26

Looks ok to me, for what's that worth.

[salpara111] 05/8/2015 12:39

It is disappointing to see this but they have flagged the UK construction as the weakest part of their portfolio.
I have a modest profit here and am really struggling to decide whether to cut an run or stay till the next results.

[cw2000] 04/8/2015 23:17

Not such good news


Interserve contract cancelled on £120m energy plant
4 Aug
Exclusive: Interserve has had its contract on a £120m waste incinerator plant cancelled after the project’s main contractor said there had been “significant delays” to the civils work.

A Swiss-based Hitachi Zosen Inova (HZI) spokesman said that it had “ended its contractual relationship” with Interserve on the EnviRecover plant near Kidderminster after it found that “civil works were significantly in delay” and there were “signs that this delay would increase further”.

It is understood that work on the site was stopped on 7 July when HZI stepped in and indicated it would bring an end to Interserve’s involvement on the scheme.

A source told Construction News that workers at the site were ordered to put down their tools on the morning of 7 July and claimed they were given only 20 minutes to leave the site.

[wad collector] 14/7/2015 10:57

Thanks for that , a reminder of why to hold these.

[jeffian] 08/7/2015 09:13

Bullish write-up from Questor in the Telegraph today -

[edmundshaw] 07/7/2015 22:02

I think you've been consuming too much benzene in your gbs gb. When IRV gets the contract for revamping the restaurant at the end of the universe, we are made!

[gargleblaster] 07/7/2015 21:09

Ftse futures up 1.42% so would expect this to bounce tomorrow - in fact if it does not I may have to exit, and hopefully back a faster horse!

[wad collector] 07/7/2015 16:47

Not worried by the trading update.
In line with expectations depends on the half full / half empty view point. The market seems to be in a pessimistic mood at the moment , but it has a short memory.
I am certainly not selling on this weakness and I am buying other stocks that seem to me to have dropped further like Rolls Royce and United Utilities.

[edmundshaw] 07/7/2015 15:59

The FT100 has dropped from 7000 to 6450. It is not surprising that IRV will follow that lead, albeit a bit belatedly.

The update is not great, but not really bad either. Personally, I shall continue to hold my core shares and add if we drop much under 600p. The volatility in this share has been unusually high all year (and beforehand), and I think makes for the chance for gains on slicing and adding.

[salpara111] 07/7/2015 10:08

Not the best trading up date....I find it amazing that UK construction is still doing so badly so many years after the inflexion point of the economic crisis.
I am ahead here but am now contemplating selling out on the back of this as I feel that this statement will choke the upward drift in the share price