Share Name Share Symbol Market Type Share ISIN Share Description
Interserve LSE:IRV London Ordinary Share GB0001528156 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +11.00p +16.79% 76.50p 75.50p 76.00p 77.25p 67.50p 67.50p 13,781,824 16:35:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 3,685.2 -94.1 -71.2 - 110.48

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Date Time Title Posts
22/10/201718:27Interserve - Awaiting A Recovery5,570
04/8/201609:30Interserve with Charts & News287
01/6/200915:12Interserve - Moves up on further consideration of good trading statement129
28/7/200812:06IPSL just another contractor?6

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Interserve Daily Update: Interserve is listed in the Support Services sector of the London Stock Exchange with ticker IRV. The last closing price for Interserve was 65.50p.
Interserve has a 4 week average price of 52.75p and a 12 week average price of 52.75p.
The 1 year high share price is 385.50p while the 1 year low share price is currently 52.75p.
There are currently 144,424,260 shares in issue and the average daily traded volume is 11,571,814 shares. The market capitalisation of Interserve is £110,484,558.90.
cfc1: schofip....agreed...I posted Friday when the share price was up 3 at 1.14 and then suddenly started to fall to 1.1 for no reason and then BANG on Monday. But I think this share price seems to reflect the company going bust and total doomsday which I think is totally overdone. When we get a concrete RNS will real detail I expect this share price to regain a sensible price.
fenners66: Glen - you profess to hate shorts Either shorts have no effect on a share price and your hatred is unnecessary or Shorts are bringing down shares to these levels - where you Always buy in the hope of making a fast buck. We know your style is to pile in after a share price has been hammered so it seems to me that you have a lot to thank the shorters for (if they did force the price down) When you make money you are inextricably linked to the shorts so you hate the hand that feeds?
fenners66: Well having said they were on my watchlist for yield and the likelihood the yield is now going to be zero that seems unlikely. Funny I posted the news early on Monday morning and then again I posted at 8.53 on Monday "If the article is true, how can you say it is standard stuff for a concerned "consortium" of lenders to call in EY?" At the time the share price was floating between 106 - 109 The share price now is quoted as 90 cfc1 - "But this is all standard stuff and should be expected." " notice NO major share sales...only smaller rattled investors." Ok you were so right - the news didn't affect the share price at all. Luckily all the real shareholders were able to read reassuring words on a message board and that stopped the rot no one sold. Like I have said - you cannot really predict share price movements minute by minute or day to day, but when the market has time to digest real news - there was an RNS they usually affect sentiment - more likely when its bad. I thought this was bad news and not normal.
schofip: In view of the fact that IRV have lost 25% of its share price in a week it means Coltrane asset Management have have suffered a paper loss of £36M and Artemis £3.5M. And that is with all their overpaid advisors on hand.
rhatton: The thing is we literally have no idea what is about to be released. Trading update was meant to be next month, but were most probably going to get that brought forward to sometime this week as per the last rns. Now as reports have stated, lenders have asked EY to audit IRV after the big share price falls in September post the RNS. So we’re gonna get a trading update detailing exactly how much trading has deterioted over the summer plus the increased overruns on the waste program. Numis and Liberum had roughly agreed on an increase from £160mil - £190mil and cut their profit targets by 24% for the next 2 years. So is it gonna be worse than that or better? Who knows until the update.
fenners66: LOL just got back to read that comment hootza cfc - I dont second guess daily share prices - they can go down on great results they can rise on bad news and minute by minute they are dependent upon supply and demand regardless of fundamentals. However I try and research where I think the company is going. Is there visibility of earnings , do the accounts read correctly, is their tone one of explaining away every years failings as exceptionals, is their market under threat , can I trust the management all that sort of stuff. After that I look at the chart and try my best..... Earlier this year I read a set of results before 8.00am and the share price had barely moved by 8.05 so I bought . sold a couple of months later for about 65% gain. But it was the results info that swung it. Today's news did not look good - even if some thought it "normal".
losses: We are more positive that it will go up eventually. Usually the share price is ahead of the news... so when the mess is being sorted the share price will rise.I'm with cfc above...I'm trading chunks on the way aswell but keeping a load for the major recovery.
jeffian: It's all about capping the exposure to the energy from waste debacle. How can anyone have any confidence in the figures when IRV's statements have moved from "Our involvement in the delivery of these contracts is substantially complete" in November 2015 through "the Board anticipates a £70m exceptional contract provision" in May 2016, "Our assessment of the aggregate impact of exiting this sector is in line with the £70 million exceptional charge we announced in May" in August 2016, "Progress on contracts within our exited Energy from Waste business is in line with previous guidance" in November 2016, "the Board has concluded that the exceptional provision of £70m announced in May 2016 is no longer adequate to reflect the incurred and anticipated losses associated with this business. Consequently the Board has determined that it is appropriate to increase the exceptional provision for exiting this market and the associated contracts to £160m" in February 2017, and now "the Board now believes that the outturn for the year will be significantly below its previous expectations. Further progress continues to be made on contracts within our exited Energy from Waste business. However, the anticipated timing and complexities of completion mean that the Board now considers it likely that the final costs will significantly exceed the £160m currently provided." They might as well say 'we haven't got a clue'. Until you know the impact on profits, the balance sheet and funding, what would drive the share price?
dandanactionman: All the following imho dyorWhat are people's view on banking covenants? Poor trading and greater efw losses would seem to put this is doubt.I see 3 scenarios all of this is finger in the wind do your own research.1. Bank covenants breached and no rights issue share prices 0 to 10p2. Bank covenants breached and rights issue (highly dilutive at this level) share price around 20 to 40p3. No bank covenants breach and no need rights issue, shares recover to around 100p
walbrock82: Is Interserve cheap? One valuation measure to use is linking Interserve’s share price with their fundamentals and is called Earnings Power Value (devised by Bruce Greenwald and refine by Phil Oakley). The Earnings Power Value per share (EPV per share) has been rising steadily with minor falls during the financial crisis. In 2016, Interserve EPV per share came to £6.14, while the average share price last year was £3.80. (see My EPV per share forecast for 2017 (using data from their interim results) shows the fundamental value has collapsed to £3.95. Hence, why Interserve’s share price has collapsed. Another measure Using a Warren Buffett’s equation on valuation, this is P/B*P/E < 22.5 signals fair value. For Interserve, it is super undervalued. (see My forecast for 2017, using the following assumptions: headline earnings would fall to £75m, shareholders’ equity of £310m and using market capitalisation of £295.77m. That would make Interserve cheaper than during the financial crisis. However, you might say equity value is too high because of too much goodwill and an unexpectedly big increase in liabilities. Headline earnings may fall more than expected! But, more that is keeping shareholders of Interserve awake is the level of debt and the possibility of needing a Rights issue. For more analysis, you can click here: Thanks.
Interserve share price data is direct from the London Stock Exchange
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