Interserve Share Discussion Threads

[haywards26] 27/2/2017 12:07

I would expect the divi to be cut to reduce the need for an equity raise,

[wad collector] 27/2/2017 10:18

Not much shorting gone on here (at least relative to CLLN!)
hxxp://shorttracker.co.uk/company/GB0001528156/all
Is the worst over?

[garycook] 27/2/2017 02:16

Results are Tuesday 28th Feb.

[jeffian] 21/2/2017 23:12

Re: Rights Issue, there's no point refilling the bath until you're sure the plug is in.

[leadersoffice] 21/2/2017 21:07

Correction: economical with the truth.

[leadersoffice] 21/2/2017 21:06

A rights issue could be the answer...I'd support that. In return for no increase in directors remuneration as they've failed and lied.

[petewy] 21/2/2017 20:40

Interserve plc (LON:IRV) was upgraded by analysts at Peel Hunt to a "hold" rating. They now have a £2.50 ($3.11) price target on the stock, down previously from £3.20 ($3.99).

Interserve plc (LON:IRV) was downgraded by analysts at J P Morgan Chase & Co to a "neutral" rating. They now have a £2.53 ($3.15) price target on the stock, down previously from £5.18 ($6.4)

Work that out.

[edmundshaw] 21/2/2017 13:05

Salpara, I think the market agrees. If that £160m was the end of it, IRV would still be worth somewhere around £3 or so.

As far as the SWOT analysis goes, I think they must have got bored after the first three quarters of it... :-(

[the juggler] 21/2/2017 11:40

I am still wondering where their due diligence was on this EfW Project. Was there no SWOT analysis, who were their risk managers/advisers? Not seen anyone from either Finance or Construction departing in the wake of this debacle and that alone erodes my last vestiges of confidence because we can hardly be expected to believe that those Senior Management who bid these contracts are the ones who will now sort it all out. Poor shareholders and employees who will suffer the most. The Management no doubt got their pat on the back and their mega-bonuses at the time of Contract wins, and I don't see them handing them back. This is more than a minor error of judgement, this is a monumental catastrophe for stakeholders.

[salpara111] 21/2/2017 10:10

Article in the ft today analysts saying they doubt that the updated provision is sufficient and that irv faces a whole range of trading challenges. Page 18

[tsmith2] 21/2/2017 09:09

I wonder if we get a sharp reversal up from today's low?

[bookbroker] 21/2/2017 08:30

Dead kitty now, but might slam into reverse!

[blueball] 21/2/2017 08:24

Could fall sub 200p today imo.

[salpara111] 21/2/2017 08:21

I thought there might have been a dead kitty bounce at the open after yesterdays dramatic drop but apparently not.

[pugugly] 20/2/2017 22:34

ganthorpe:> Thanks for your info above. PNN market cap some £3.5 billion - Their legal teams should have drawn up watertight (pun!) contracts and be able to eat IVR for breakfast, lunch and tea. makes me even more inclined to stay out .

[my2penneth] 20/2/2017 19:29

Yeah, just one week to announcements and they call for a special teleconference. Hmmmm!

[ganthorpe] 20/2/2017 19:28

I got out of IRV and CLLN some years ago when the good news and the share price told different stories.
I hold Pennon (PNN) which owns Viridor who contracted IRV to commission Glasgow recycling plant( energy recapture to give it's Sunday name) for Glasgow Corporation.
So here is what PNN say about the contract.
Looking at PNN announcements , all seemed well with Glasgow project till on September 1st 2016 the CEO of Viridor suddenly left with immediate effect (no reason given) . Later in September a PNN trading update referred to delays in commissioning and stated that PNN had remedies and would receive compensation for the delays.
On 2 February they announced that they had terminated the contract and another contractor would be completing the job and again referred to compensation .
It doesn't spell out the full horror but it makes the departure of the CEO look ominous as he probably hired IRV. I am wondering if PNN will be fully comensated.
Just a bit of background

[bookbroker] 20/2/2017 19:14

They will not be in a position to buy this week, they will be privy to the year end results by now, so will have to wait until the release, I'm surprised they flagged this today, I assume they knew for a while about today's statement, most likely forced to rather than hold on to next weeek!

[my2penneth] 20/2/2017 19:06

Goodbye dividend. I bought for the Divi but I would be extremely surprised if the Divi Wasn't cut for the next 18 months. Listening to the teleconference call this morning I didn't hear any hints of more positive news about the rest of the business. The management team confined the news specifically to EfW issues. Let's see if they buy in the next few days after today's pumelling. If they don't then I see more bad news next week.

[cerrito] 20/2/2017 17:13

My guess is they will reduce the dividend to about 5ppa saving them approx£30m pa but we will know next Monday

[blueball] 20/2/2017 16:50

Sell and keep selling.