Interserve Share Discussion Threads

[wad collector] 09/6/2016 11:14

I guess the FTSE 250 expulsion is going to continue driving it down for another week before the final date. The tracker funds will continue to be getting rid of their holdings .

[edmundshaw] 06/6/2016 18:59

No thanks, I've got enough :-]

BTW the chart has looked OK for a month now, for those who care...

[wad collector] 06/6/2016 15:33

Hope not !

[philo124] 06/6/2016 12:21

wad, perhaps we will be able to buy again in the 180's like in the good old days.

[wad collector] 06/6/2016 12:01

Good to see you back on board with your enviable font.

[aleman] 06/6/2016 07:55

Well, I bought some of these at the end of last week. I was here from 2010 and doubled my money and it looks very similar again. Shorters were saying the same things then about debt and intangibles - and it had a pension deficit, too - yet the dividend has risen by 1/3rd since because the company has strong cashflows. I suspect those same strong cashflows will again see the company through its current short-term difficulties.

[spacecake] 05/6/2016 23:43

Reshuffled into the small cap index on June 20th.

[cc2014] 03/6/2016 18:25

I'm not sure what to say. I do think this is a good price but I'm not at all confident all the bad news is out the way. Today's drop surprises me but there are lots of stocks out there offering good value right now.

I will watch and wait and see if it bounces off 300 if it gets there

[wad collector] 03/6/2016 17:33

Weak end to the share price today after it had crept up all week. I suspect that is going to be the pattern for a long time. Hold and forget .

[edmundshaw] 02/6/2016 12:33

Whereas I now have the largest holding here I have ever had! :-)

Each to his or her own...

[salpara111] 02/6/2016 08:22

Rather sad to see it drop back into the small cap index after so many years.
The huge loss on that contract has really shaken my faith in management.
Having owned the stock twice in the last 5 years I have a soft spot for them but wont invest again until I am confident that there are no more write offs to come.

[edmundshaw] 26/5/2016 12:09

Oil back up around $50, got to be good for the oil services segment...

[mister md] 25/5/2016 16:30

I've got back in after selling a couple of years ago. Although probably not the right timing if its been tipped by Motley Fool ;)

[wad collector] 25/5/2016 13:17

Have we now seen the share price nadir as it touches 327p?


MF on Monday;

A buying opportunity
Shares in Interserve (LSE: IRV) have fallen by 28% in the last months after it announced delays to its waste-to-energy plant. While disappointing, this provides investors with a chance to buy a slice of the business at a lower price, thereby offering greater capital gain potential.

With Interserve trading on a price to earnings (P/E) ratio of just 4.9, it seems to offer an exceptionally wide margin of safety. Certainly, there could be further pain ahead in the short run if news flow disappoints, but with the company being financially sound and reasonably well-diversified, its risk/reward ratio has considerable appeal.

[the juggler] 22/5/2016 11:41

Let us hope the new Chairman is asking some searching and probing questions of the Exec Board. Something badly wrong here and the market always knows even if we investors do not. The 10% fall on the Wednesday prior to the Friday fall of circa 25% signals some had knowledge and acted upon it. The world has changed a lot since 2003 when the Chief Exec was first in post, this Company looks to be in need of new direction.

[cerrito] 21/5/2016 23:35

wadcollector
Just catching up but when I saw this £25m contract story I got concerned..why do they need to issue a RNS for a £25m deal if last year's revenue was £3,269.Indeed UK construction was £1,040 ie £20m per week..anyone understand???

[edmundshaw] 18/5/2016 14:31

waddy is being a wag. Last contract announcement was followed by a warning...

[imranawan] 18/5/2016 14:15

Not sure I understand why the contract announcement is bad news wad collector?

[wad collector] 18/5/2016 13:29

A new contract RNS; this is a bit worrying ,are we about to hear more bad news?

18 May 2016

INTERSERVE WINS GBP25 MILLION HAMPSHIRE LEISURE CENTRE CONTRACT

Interserve, the international support services and construction group, has won a GBP25 million contract to build one of the south of England's biggest leisure developments, the Fleming Park Leisure Centre in Eastleigh.

[wad collector] 18/5/2016 11:38

Bottom feeding at 308? Added some , perhaps unwisely as I hold a lot here , but I don't believe this is a crisis.If next yrs broker guesses of EPS are anywhere near correct at 75p , that is almost a quarter of the current share price

[bend1pa] 13/5/2016 15:00

There is no transparency. BBY was a classic example that specialised in trumpeting their contract wins while burying bad news. 4 years ago their wheels finally came off after issuing a glowing interim statement in August followed by a profits warning 3 months later. As things got worse they finally admitted they lied in their earlier statement and the CEO departed. We live in a culture where lies and deceit seem to have become the norm. Just look back at the banking crisis or Tesco. There is no safety when you invest in shares, because of the dishonesty of the management or negligence of the auditors who often look the other way if they spot something irregular. And that's before one even considers the prospects for a company.

Personally I think IRV has further to fall as bad news rarely arrives with single revelations, so I would expect more profit warnings and possible CEO resignation.

[hor_fra] 13/5/2016 11:09

mayers, I agree with you that this leaves a bad taste... To just come out with a £70 million write-off is either incompetence or dishonesty. That was almost 15% of the company's mkt cap before the fall as well as half of the entire contract's value (the Glasgow plant). Also, looking back at all the positive statements regarding contract wins (which mention nothing of the upcoming shocker) I noted a strange coincidence: the directors were given shares in April, sold them, and then released the bad news. It doesn't look good.

[mayers] 12/5/2016 20:54

Amongst the enthusiasts I am reminded that the day after the report of a not insignificant contract there was a major fall in share price I believe that this was an attempt to hide bad news and that this was something some people knew about. If so I resent this as I honorably invested good money in this company on the basis of its record. Is this the sort of company I want to invest in? I would suggest we look closely at this at a time of increasing transparency. Just my thoughts. edmundshaw will doubtless advise!

[edmundshaw] 12/5/2016 09:42

Is your name Marvin? Do you have a brain the size of a planet?

[buoycat] 11/5/2016 23:07

Who's to say they won't be down to 290 in the next few days. Could be choppy for a while