Interserve Share Discussion Threads

[cerrito] 14/9/2017 08:03

Could not have been much worse; as at the end of the month we will have no FD and no replacement found…I guess the CEO wants to understand the situation before making such a key appointment.
I can live with a downturn in trading…the increase in costs of the exited businesses is more difficult for me to swallow especially as my reading of the verbal and body language in the webcasts of the interims was that Ringrose/Heywood said under control.
Can understand that with reduced trading their working capital position may be such that they can meet their banking covenants this year but an equity raise seems necessary-FD or no FD.

[rackers1] 14/9/2017 07:52

Sub a quid here we come.

[deeppockets] 14/9/2017 07:37

How much lower before it is in danger of breaching covenants?

[luisfrg] 14/9/2017 07:32

Down she goes opening 20@plus down!!!!

[alfred] 14/9/2017 07:21

It's going to be a long way back. Dismal.

[alfred] 14/9/2017 07:21

It's going to be a long way back. Dismal.

[alfred] 14/9/2017 07:21

It's going to be a long way back. Dismal.

[chrisgail] 14/9/2017 07:17

£1 today I fear.

[deeppockets] 14/9/2017 07:16

Major overhaul needed in management!

[cc2014] 14/9/2017 07:12

Trading update about as bad as one could imagine

[puzzler2] 13/9/2017 16:19

I've bought a small stake only to give me an interest here, but will increase when there's a clear trend reversal.

[rhatton] 13/9/2017 16:13

Losses, me too. I came way with a sligh loss selling after results but have been buying again recently.

Need to put the EfW to bed really

[losses] 13/9/2017 16:06

No idea... I've started building a stake here from the 160s

[rhatton] 13/9/2017 15:49

Starting to think that £1 maybe possible? Apart from dan does anyone think that's possible?

[jeffian] 12/9/2017 18:41

Harsh, Dan. There are many cases of CEO's not being up to the job and receiving payoffs for failure after a very short time, but Adrian Ringrose has put in 15 years during which he hasn't put a foot wrong until tripping up over the waste-for-energy contract. I, for one, don't begrudge him his payoff.

[dandanactionman] 12/9/2017 18:20

Interesting that this share keeps falling slowly rather then sharply falling to find its "correct" levelInteresting news today. Huge golden hello for new CEO. This follows large payment to ex (and failed) CEO. I know the payment to ex CEO was his contractual entitlement but reward for failure springs to mind.

[losses] 12/9/2017 11:42

Still fairly low level of shorts here..

[rhatton] 12/9/2017 11:12

1.9% total

Some have increased over the previous couple of weeks

[losses] 12/9/2017 11:03

What are the shorts on this now? Have they increased?

[rhatton] 12/9/2017 10:38

Could someone explain the holding RNS? Just a change in the breakdown of the two holdings between CFDs and shares?

[losses] 07/9/2017 14:02

Give it a few years and it will be £5-6 range.

[wallywoo] 07/9/2017 14:00

lots of clues though that this will turn at this point. ie:

1) short percentage is very low
2) Lots of funds have been adding recently
3) No bad news in the latest RNS

Nothing is ever certain in this market. But this looks a good turn around story IMO

[losses] 07/9/2017 12:43

Stab in the dark lol... might as well say 20p.FACT, you don't have a clue just like the rest of us.

[dandanactionman] 07/9/2017 12:40

All the following IMHO dyorIf it does not hold this level then I see a possible 100p share.

[puzzler2] 07/9/2017 11:58

160p or thereabouts appears to be long term support. I bought an initial tranche of these today. It looks an interesting recovery play.