||EPS - Basic
||Market Cap (m)
Serco Group Share Discussion Threads
Showing 1751 to 1774 of 1775 messages
|looking like a touch into the 140's afoot...
chart primed for next leg up imo|
|138.80p UT auction close... a higher closing high... roll on 152 then 175 :-)|
|Added here earlier this afternoon!|
|higher highs, breaking out imo|
|Agree. Im in now. I like last weeks vols and chart rise. Odey asset mgmt over 5pc now too. Big upside...175 to 210 imo.... great fundamental recovery play...
Should get news v soon i would think on the nhs 600m contract... great results back in aug too..|
|Seems like a lot of folks here forgetting that the drop in the £ will substantially help the bottom line? I would have thought that's as good a reason as any for continued strength.|
|Not thought so highly on Oz land, which could knock confidence. Beware?|
|Time someone posted on this thread it's going to far down my favourites page.
Er well what to say?
Well the bowl still seems to be intact in a stepwise fashion.
Hopefully it continues to surprise on the upside.
Seems we get updates quarterly and the last (half yearly) was on the 04/08.
So I guess the next is out early Nov.
That's how I see it anyway.|
|That's certainly possible, that essentially is the efficient market hypothesis. But if you believe in at least the semi-strong form of the EMH then you don't buy individual shares.
I personally doubt that the market is efficient when it comes to Serco. My evidence is that when they announced that they had a one off gain of £15m due to contract renegotiation then the market cap went up by £100m+. That makes me think that in this case the market is wrong to the upside.|
Agree, but all of this is already known to the market, and therefore already in the price, one would have thought.
sp has declined from appx 675p. The Barts situation can help recovery.
Remains to be seen if potential predators can see a tasty morsel here.|
|In many ways SRP have done the right thing. They have tried to shore up their balance sheet with a RI and sold off the BPO business and renegotiated some contact terms. The issue I have is with the value the market has placed on those actions:
- There are now 50% more shares in issue.
- The BPO business generated c20% of the group EBITDA.
Which means looking at past chart values doesn't represent the current state of the business structure.
- Most of the good news has been due to one-off events e.g.
...the improved performance was driven largely by factors which are unlikely to repeat, such as the favourable resolution of commercial issues and certain contracts running on longer than expected.
Whereas the bad news is stuff that is going to continue for sometime:
- increasingly competitive market as shown by competitor profit warnings.
- £429m of provisions on balance sheet, £154m current year. These are costs that they have taken through the income statement but the cash flow impact has not yet hit. This is £429m of cash that is going to go out of the door in the next few years. The future income statements may show a profit but they will have to generate a whole lot of it even to be cash flow neutral. In reality debt is going to pile up again whatever the reported profits in the next few years.
This means that the balance sheet still isn't particularly strong and if there is another downturn in trading then they may need a further capital injection.|
|SRP chart seems to be somewhat reverse of Capita and Mitie: they were both a lot higher and have recently plummeted.
SRP had a long plummet already and is showing signs of recovering, recently. Bad news already in for SRP?
Perhaps consolidation in the sector?
Will SRP become a takeover target? (or is stakebuilding already happening?)|
|We are on the same wavelength DS2, what gets beyond me is the price went-up from 120p to 130p on not much, yet the ratios/valuation you allude to were hardly any lower/cheaper.
"I need to learn how to trade momentum and not think too much, I need to learn how to trade momentum and not think too much, I need to learn how to trade momentum and not think too much...."
|Seems a brave move - Capita struggling, Mitie profit warned recently. And Serco is on a forward P/E of 29 and even with them reporting a small profit they say will be cash flow negative over the next couple of years and net debt is expected to rise. With the EV of £1.6bn (more if you include the future debt increase) you are paying a lot today on the hope that they return to positive operating cashflow in 2019.|
|Took a few. Splash damage from Capita warning this am hurting imo. I may be wrong here but a breakout looks imminent and i think medium term this could reach 150p. All imo i have a tight stop. Gla.|
|Why? What has Micro got to do with SRP ??|
|SRP some post Micro Focus boost on cards..|
|Bowl becoming more defined IMHO.|
|Good trading update, management seem to be back in some form of control. Steady rise in share price over the coming months, one to hold.|
|This is what I bought in for. Up 25%!!!|
|Board so quiet even after today's surge. Perhaps the much awaited turn around has begun.|
|80p here we come...maybe...|