Interserve Share Discussion Threads

[edmundshaw] 07/3/2017 11:19

If she has little construction experience, she needs to have someone both competent and trustworthy by her side for that segment of the business. I am a little surprised by the appointment I have to say...

[seconduser] 07/3/2017 11:03

"In 2015, she took worldwide responsibility for Sodexo’s government and healthcare operations – a £5bn a year business in 34 countries."

"Although Debbie White has extensive experience in providing facilities management, cleaning and catering services to large organisations, she appears to have little or no experience in construction. Her selection therefore suggests that we can expect Interserve to continue the direction of travel that Adrian Ringrose led it in."

[seconduser] 07/3/2017 11:00

or Farringdon increasing their stake again. Nearly 8% direct plus indirect. Lets see if there is another RNS tomorrow.

[luisfrg] 07/3/2017 10:25

Great now AGK results are impacting on interserve.....these figures should push us up not down

[seconduser] 07/3/2017 09:48

The Juggler, as important, she has a reputation for turning companies around. Learned the basics in AA - no sentiment in business.

[luisfrg] 07/3/2017 09:24

GREAT 👍🏼 appointment will certainly help bring this dog back to life....

[the juggler] 07/3/2017 08:42

Healthcare - massive part of IRVs business, Probation - IRV have 20% of UK service, Government contracts - IRVs Bread and butter, and Debbie White has an excellent track record in those sectors just for starters!

[this_is_me] 07/3/2017 08:30

You have to be joking. Where is the hands on experience of the industry?

[the juggler] 07/3/2017 08:14

Way to go. Female CEO appointed. There will be a few of those "old boys network" starting their Executive job searches today. A refreshing change and an indictment of the relatively new Chairman Glyn Barker. She has a good track record and will hopefully pull this company out of the mess it is currently in and make it a profitable and respected business once again. Hope at last!

[this_is_me] 07/3/2017 07:42

It looks like she spends her time on a feminist and so called "liberal" crusade. Current husband gave up his job to follow her around the world and act as a nanny. It doesn't look promising at first look.

[leadersoffice] 07/3/2017 07:03

Debbie White? hope she's a hard hitter.

[garycook] 05/3/2017 12:41

Good for you !!!

[pbutterworth1] 05/3/2017 12:19

Hello guys and gals. Have been busy screening many stocks for 2017/18 tax year and came upon this. It ticks all the boxes for an over sold recovery play, my speciality. I will be buying on Monday. GLA DYOR

[luisfrg] 03/3/2017 19:27

Well if it's out off favour and keeps going up that's great

[the juggler] 02/3/2017 15:18

IRV is well out of favour at the moment that's for sure. It will take time and a new CEO and some sort of rationalisation to get this share price moving forwards again.

[luisfrg] 02/3/2017 11:18

Still not sure why this is being hit so hard though ...

[phillis] 02/3/2017 10:17

it is a very low margin business at best

[wad collector] 02/3/2017 10:11

Impressive to manage to turnover £3.2Billion but make no money...........

[luisfrg] 02/3/2017 10:09

Probably dropping due to capita results

[tsmith2] 02/3/2017 09:42

Not sure myself..Agree opp

[luisfrg] 02/3/2017 09:34

Why today's drop? Buying op.......

[mortimer7] 01/3/2017 16:05

Analyst updates today (1st March):
Jefferies International today reaffirms its buy investment rating on Interserve PLC and cut its price target to 300p (from 550p).
Liberum Capital today upgrades its investment rating on Interserve PLC to hold (from sell) and raised its price target to 240p (from 230p.

[tsmith2] 01/3/2017 07:01

Who is that by?

[garycook] 01/3/2017 05:14

Outsourcing woes
I’ve been following outsourcing firm Interserve (LSE: IRV) for a while, not especially concerned about the firm’s debt and not overly worried about its dividend being cut as some had been fearing.
But then the blow was struck, and on 20 February Interserve raised the estimated costs of exiting its Energy for Waste business from £70m to £160m, and the share price crashed by 30%.
Full-year results for 2016 did not make for joyous reading. With average net debt of £391m and now expected to rise to around £450m in 2017, the firm suspended its final dividend — shareholders are only going to get the 8.1p paid at the interim stage instead of the 24.3p paid last year.
But it seems the bad news was already in the share price, and results day saw another drop at the start to 221p,but then recover to end up with a 1% gain on the day.At 239.25p, I cant help thinking the sell-off has been overdone.
Although Interserve recorded a pre-tax loss, we saw a headline pre-tax profit figure down by a fairly modest 17% with headline EPS down 16%, and with revenue constant and an encouraging gross operating cash flow of £239m. In the words of chief executive Adrian Ringrose, it was a “mixed” year, and as long as it really is a one-off then this could be one of those ‘buy them when they’re down’ opportunities that we all hope for.
Forecasts will presumably be downgraded now, but we’re likely to be seeing forward P/E ratios of around five to six. I’ll cautiously look out for further news, but Interserve could be an oversold recovery bargain.