Interserve Share Discussion Threads

[wad collector] 27/7/2016 09:55

Up 4% this morning , are we seeing a breakout or another false dawn?

[mister md] 15/7/2016 16:33

Aberdeen RNS increase in holdings

[haywards26] 14/7/2016 22:42

I see the new cabinet are talking about infrastructure spending to keep the UK economy turning...good news

[dogwalker] 14/7/2016 21:31

New cabinet today makes 'such spend' that little bit more possible; as does the no change to base rate, meaning other possibilities have time to be considered ahead of any August, or later, budget adjustments. Mrs May seems as if she'd be more interested in infrastructure spending than the outgoing people. Not sure what she's ever said about HS2, if anything.

[fangorn2] 13/7/2016 15:34

@Dog,

Agreed - perhaps cancelling HS2 and diverting said infrastructure spend to a multitude of smaller projects would be far more beneficial to the wider economy.

[dogwalker] 13/7/2016 07:49

You never know , we 'may' (geddit?) yet get that extra infrastructure spending we've heard talked about in recent years which Osbourne couldn't quite bring himself to see enacted . It could be an alternative to more of the same QE should a global slowdown worsen. That way , our more domestically-facing cos. - like this one ! - should benefit.
That won't solve specific contract problems of course.

[bend1pa] 13/7/2016 01:15

Edmundshaw...A minimum of 2 - 3 years...at least 2 years to recover, but not more than 3 assuming the company can weather its current crisis.

No I haven't sold mine yet, but may cut my loss if we get to over £3. Can't see this bounce continuing for much longer and all construction shares are strong at the moment, not just IRV.

Looks like either all those Bremain economists pre EU vote were lying about the recession to come (on fear factor hopes), or have got it very wrong. So much for experts.

[edmundshaw] 12/7/2016 21:51

I am still overweight in these, I still think these are undervalued. But I figure if I was buying in right now the amount I now hold would be too much; and you never know when the next silly drop will happen... I might want to add :-)

And the 10th of August feels a long way away...

[edmundshaw] 12/7/2016 21:43

I am still overweight in these, I still think these are undervalued. But I figure if I was buying in right now the amount I now hold would be too much; and you never know when the next silly drop will happen...

[wad collector] 12/7/2016 17:56

I'm tempted to trade out my recent buys too , but wonder if these have a bit further to bounce . £3 seems a round number.

[philo124] 12/7/2016 16:56

Good move.

[edmundshaw] 12/7/2016 12:15

Sold a small portion of my shares today. 26% profit after 6 days is a pretty decent result, but I am holding the remaining 95% of shares (plus my hat!) for further recovery.

[wad collector] 12/7/2016 09:51

Hold on to your hats , a share price recovery appears to be happening.

[bertiebru] 11/7/2016 16:17

The same rise is present on my other shares. From the moment Leadsom announced she was withdrawing shares soared. Interesting.

[edmundshaw] 11/7/2016 15:54

Maybe a short squeeze is boosting recovery...? Anyway not complaining :-)

[bertiebru] 11/7/2016 15:15

Could be the Theresa May now PM effect Wad Collector. The 12.00 to 13.00hr surge fits that.

[wad collector] 11/7/2016 12:46

That is a more optimistic looking chart now ; is money rushing back in?

[the juggler] 08/7/2016 17:27

It would have been gambling to do much else wad collector. If the US jobless figures had been poor then things would have gone down, as it was the numbers were better than expected and so up we go. Always at the whim of our cousins across the pond.

[wad collector] 08/7/2016 17:17

Traders must have made a fortune in the last 7 days if they timed things right. I think most have us have just watched the market fall and sat on our hands and waited for better days.

[edmundshaw] 07/7/2016 20:04

A minimum of 2-3 years? Is that a minimum of 2 years or a minimum of 3 years? I take it you sold your lot then bendy, you seem very attached to the fall in the share price here.

What I don't understand is why, if you are such a guru of companies that have a construction segment, that after the Q3 trading update of Nov 13 last year, which you say will, as night follows day, be followed by other problems (obviously not a fan of Ringrose's integrity as he has stated he has no intention of coming back with another unpleasant update), you bought in here a month or so ago? Much as I would like to believe in your soothsaying abilities, I confess to having some doubts...

[bend1pa] 07/7/2016 16:27

"everyone long will be smiling in a years time"

Wishful thinking I'm afraid. I've seen this sort of thing happen too many times. Property construction firm Connaught was the last big player that went under, with their shareholders constantly reminding us all how undervalued they were until the final curtain.

Not saying that the same fate awaits IRV, but if they ever do recover it's gonna take a minimum of 2-3 years. Their next trading statement should reveal how iffy things really are.

[the juggler] 06/7/2016 10:06

With a share price that has dropped 60%+ in just 1 year it would have to more than double in the next 12 months for some investors to see their accounts back in the black.
I think I will await a change in management before investing here again.

[cc2014] 06/7/2016 09:58

Hmm. Time will tell but I think this is a crazy low price and everyone long will be smiling in a years time. Good luck all

[jeffian] 05/7/2016 15:50

The metric for deciding the appropriate level of dividend should be dividend cover, not 'appropriate yield on share price'. On historic 2015 year figures, the divi was covered nearly 3x so, even taking account of the recent contract hit, it seems unlikely that the divi is unaffordable. The trouble with the other argument is that it is the market that decides the yield, not the Board. Famously, some years ago when Aviva was called Norwich Union, it did just what you said and "rebased" (i.e. cut) its dividend to "bring the yield in line with its peer group". So they halved the divi........and the market promptly halved its share price! Lower divi, lower share price, same yield.

[salpara111] 05/7/2016 12:42

The mark downs on mid cap stocks have been absolutely brutal and relentless.
Current expectations are for still a small amount of growth this year but prices and yields suggest we are going into a full blown economic crisis.
Sadly I suspect that a lot of companies, IRV included, will take the opportunity to "adjust" their divis to give a "more appropriate" yield.....ie they will cut their divis to give a yield of around 5% which would allow IRV to cut theirs by 50%.
If they do hold the divi line I will be selling my property and sticking all the cash in here....only joking but I would seek to leverage whatever way I could.