Interserve Share Discussion Threads

[leadersoffice] 24/10/2016 14:08

Bouncing around but my gut feeling is it wants to go up. I'm sure we have a trading statement due next month?

[dogwalker] 20/10/2016 19:59

'Dandruff'; & 'H&S'. Got it. Been puzzling about the d/druff ref....

[edmundshaw] 20/10/2016 16:43

I've told you before about opticians, I'll not mention it again. Sir.

[lord gnome] 20/10/2016 08:38

Looks like you may still get your chance.

[edmundshaw] 20/10/2016 07:51

Scared? Disappointed more like, was hoping to add at 330.

[lord gnome] 19/10/2016 23:15

Had you scared for a minute there edmundshaw. Got down below 350.

[edmundshaw] 19/10/2016 21:48

So much for the head and shoulders...

[wad collector] 18/10/2016 19:59

Leadersoffice you are obviously a clairvoyant.

[bertiebru] 18/10/2016 13:27

I trust that shorters and fiddlers got their fingers nicely burned.

[deadly] 18/10/2016 13:11

up 6.2% so far today; that's out of the blue!

[spoole5] 17/10/2016 07:19

Contract will - that will be a down day then!!

[leadersoffice] 17/10/2016 06:55

Another contract win to be announced in less than ten minutes with Land Securities worth £37 million pounds.

[haywards26] 10/10/2016 12:34

I think the news was known by certain people on Friday when you see the share price movements..

Got my top up this morning..

[dealer1972] 10/10/2016 09:17

Gap fill at 320p target imo

[salpara111] 10/10/2016 08:41

I guess it is fair to say that no one was willing to pay the asking price and as this is not a fire sale and the business contributes 32% of profits I think they did the right thing holding onto it but the announcement of £17 million of restructuring charges is a bit much and I think that is the reason for the drop.

[haywards26] 07/10/2016 12:07

Will my limit order buy of 350 be triggered today....

[edmundshaw] 04/10/2016 21:52

It's a contract based on the new wage regime. It will be profitable. Where's the beef??

[edmundshaw] 04/10/2016 21:51

It's a contract renewal/extension. It will be profitable. Where's the beef??

[spacecake] 04/10/2016 20:04

More of the low, low margin contract work covering the living wage ramp up period, is this desperation ?

[edmundshaw] 04/10/2016 09:44

Beaufort obviously synergistically using the tea-boy for analysis duties. That piece is so badly written I would be ashamed to publish it.

[hor_fra] 04/10/2016 08:41

Beaufort Securities Breakfast Alert: Interserve (LON:IRV, 376.50p) – Buy
Interserve, one of the world’s leading support services and construction companies, yesterday announced that it has won a new 3 year contract worth £7.5m with FTSE 100 energy group, SSE and its 50% owned gas distribution company, SGN. The contract referees to cleaning account including daily cleaning, window cleaning and periodic cleaning services to all of SSE and SGN’s 70 corporate offices in the UK. Interserve will also transfer circa 200 people to their team under the terms of the contract. Interserve’s commercial managing director, Jeff Flanagan, commented “Our experience of delivering consistent, cost-effective cleaning services for customers with large and diverse corporate estates makes us the perfect choice for this account, and we look forward to building on this relationship in the years to come.”

Our view: The new partnership with SSE and SGN covering this three-year cleaning contract is a positive news. The contract cements the constructive relationship Interserve has with SSE and SGN who it already provides asbestos removal services at around 90 of its industrial sites across the UK. The win follows a competitive tender process, which demonstrates Interserve’s ability to add value and introduces innovations to the account, including the roll out of new management and timekeeping systems, while delivering substantial efficiencies and synergies to the companies. On 27th September, Interserve also announced that it has won a place on the Department of Health’s £4bn ProCure22 construction framework, which started on 1 October 2016. By continuing to secure new contracts from new and existing clients is a good reminder that there is a good degree of stickiness of its services, which are dependent not only on price but also quality and reliability of operation. In its half-year results, Interserve reaffirmed its outlook for the current year, which remain in line with expectations despite the ongoing political and economic uncertainty that follows Brexit. The shares are currently traded at FY2016E and FY2017E P/E of 6.5x and 6.8x along with dividend yield of 6.6% and 6.8% respectively. On this basis, the shares are remain attractive both for capital and income investments and Beaufort therefore retains its Buy rating on the shares.

[edmundshaw] 03/10/2016 10:35

Now, about that purported head-and-shoulders... the Harrod's Optician told me my Tesco prescription was spot on...