Interserve Share Discussion Threads

[soi] 24/2/2016 07:47

Results looking good, another divi increase as well.

All the Best

[spacecake] 20/2/2016 10:25

Hotel project finished...

[edmundshaw] 18/2/2016 14:34

Irony? What's irony? :-O

[wad collector] 18/2/2016 09:12

I don't think you spotted the irony.
Have held here at least 10 yrs , happy to trade sometimes but mainly I just hold.

[bend1pa] 17/2/2016 19:19

I wouldn't get too carried away just yet. It's good to see some upward progress at last. But it's only 1 day's trading, and probably just the shorters scrambling to cover themselves. The pending finals out a week today will be the more accurate gauge.

[philo124] 17/2/2016 16:27

Good follow through.

[edmundshaw] 17/2/2016 16:00

:-). I shall hold you to that waddy!

[wad collector] 17/2/2016 15:04

Now what happened to all that Doom and Gloom? The share price is bursting back up through £4 ready for its steady progress back to £7 by the end of the year.

[bertiebru] 16/2/2016 16:22

Hi shammytime. Sentiment is a very short term thing. This is a very well managed company and it is always management that counts. I still expect the results later this month to be better than many expect, especially as they had so much work in hand. My hollding is going nowhere else. I just wish I had a few readies to dive in again. Unfortunately new car, holidays, and the annual tax hit have left me a bit short at the moment

[tuscan4] 16/2/2016 15:08

In case you hadn't noticed it has ALREADY nosedived. Unless the news is REALLY REALLY terrible, which I suspect is not the case then the results should see a decent recovery. Dividend looks fine, should be making c £100m pre tax underlying, EBITDA of c £180m, all makes market cap. of £500 look rather miserly.

[shammytime] 16/2/2016 13:25

Sentiment is against this motley crew. Wouldn't be surprised to see this nosedive on 24th. Could see it flirting with 300p level for a while

[richardbroughton] 16/2/2016 13:03

Yes, knew about that but it was worth c. £40M out of £3BN plus t/o, bit above 1%. Wouldn't have thought cause of drop but who knows? Sentiment can be strange, could be something else I think, we'll see.

[shammytime] 16/2/2016 12:36

For your info, this has been flushed down the proverbial toilet in recent days due to the company losing a lucrative contract with NHS in the past couple of weeks. Next week will not be pretty I'm afraid :-(

[edmundshaw] 16/2/2016 12:18

Brilliant to have bought at 180p, hats off. I first bought at just under £3 in 2013, so later to recognise this one.

[richardbroughton] 16/2/2016 11:46

FWIW first bought in late 2008 circa 180 mainly for the dividend which was over 8% at the time and built up to 60K at up to 280, started selling off circa 360 and up to 700 so been a very good investment for me, particularly if you include divs. Held onto to last 10K as have a soft spot for IRV (I know!). Bought back last week at 365, who knows? Will unload at 300 if results poor still showing a small gain. Shows benefits of long time frame I think. Don't quite understand why was dragged down so suddenly and so far last week even accounting for broker downgrade. Good luck, regards Richard

[speedsgh] 16/2/2016 11:16

Hi edmund - I am predominantly a LTBH income investor so my main focus is trying to ensure that I get the best income return on capital invested. Like yourself my research is first and foremostly based on fundamentals but I also try to use my admittedly limited knowledge of charts to best time an entry point. One of my current tasks is creating a checklist when assessing an investment to ensure that I have as many bases (financials, charts, dir buys/sells, major shareholders etc) covered as possible because to date I have always found that something inevitably slips through the net when doing my research. Perhaps that is a sign of my age!

[edmundshaw] 16/2/2016 10:49

Rather than working on the chart, I prefer to buy based on analyzing the company's likely future EPS, debt, risk profile then buy when it gets cheap. I don't care too much if I catch a falling knife sometimes as if a company is cheap it generally gets to a higher price at some point. Short sellers and traders generally have limited timescales, so I can wait them out.

Of course you don't often get quick returns, and interest on the stake via dividends is very helpful. So not suitable for those on a short fuse... but I reckon it is a safer, less time-consuming way to get profits, even if a bit boring.

[wad collector] 16/2/2016 10:34

Not sure the Oil analysts agree about the oil price being back up by 2017 ; many suggest it could be a lot longer. But all are guessing of course....

[speedsgh] 16/2/2016 10:32

wad - Yes, the whole point about waiting for a confirmed bottom is forgoing some of the potential gain in return for the supposed security that there has been a trend reversal. I'd love to know where the bottom is in advance but the reality is that I (and none of us) will have a clue until after the event + I'm not willing to keep committing capital whilst the knife still appears to be falling. Been there, done that too many times. I have to admit that I don't find it any easy discipline to follow, but I am trying to sit on my hands until the share prices looks like it is posting higher highs/higher lows, rather than vice versa.

[edmundshaw] 16/2/2016 09:27

Happy to stay in this having added at 370p. If it takes till 2017 to get back to £5 and £6 I can wait, I wasn't planning on going anywhere. Meanwhile the divi will support my equanimity... by 2017 the oil price will have recovered, thoguh quite how far I am not going to try to guess. Pundits are speculating $50, $60 and $80, but no-one really knows.

Obviously, if we seriously looked like dropping out of the FT350, there could be a good opportunity to add there. With half decent results we would probably get back in there in short order, with converse results to the share price.

[wad collector] 15/2/2016 23:58

Numis and Peel Hunt both predict EPS of about 65p for the coming year. That is 16% of the current share price Even if they are a factor of two out , it still looks attractive at this price. I like the comment about a "confirmed bottom". This can only be retrospective , and usually after the sharpest gains have been made.

[the juggler] 15/2/2016 17:02

I did say nothing doing in 2016 for IRV, come back in 2017. Seems to be going to hell in a handcart. Big drop pre-results always a bad sign in my experience. I will carry on sitting on the sidelines and keeping a watch as I like the company and have done well out of them over the years.

[spacecake] 15/2/2016 16:05

I would guess the dumping started a while back... like when the oil price crashed.

Tiny operating margins (4%)in the last AR, no improvement from the year before.

[salpara111] 15/2/2016 13:24

It seems almost inconceivable to say it but at the current market cap it sits right on the edge of FTSE 250 relegation.
As long as the upcoming statement is positive they should avoid the drop but if the market does not react well then stay away as all the tracker funds will start dumping.

[speedsgh] 15/2/2016 12:50

wally - Agreed. No need to catch a falling knife, perhaps better off waiting for a confirmed bottom before committing.