Serco Share Discussion Threads

[market sniper1] 07/12/2015 07:37

Should get a strong move up today.

[market sniper1] 07/12/2015 07:28

SRP Serco Group, Cracking update............

SRP Serco... Reported Trading Profit in 2015 likely to be significantly higher than Underlying Trading Profit.

[market sniper1] 02/12/2015 10:39

Moving up nicely this morning.

[belgraviaboy] 02/12/2015 10:12

oops wrong thread..sorry

[alphahunter] 01/12/2015 14:43

Thanks for sharing Market Sniper1

Would Serco be a leaky company - e.g. dripfeed the contrarian analysts? The level of details for un-annonced contracts and cases is astonishing.


Far too expensive for me. Even if they beat, surprise or shock...:-)
Anyway, momentum calls for more momentum, by the look of things.
Ride and enjoy MS1.

[market sniper1] 01/12/2015 13:16

SRP Serco Group

Updated with this mornings full note.





Jefferies Full Note This Morning.BUY TARGET 157p

We upgraded to Buy in September as we felt risk/reward had become
favourable. According to The Financial Times this contrarian call was “very
brave” but two months on, and ahead of a year end trading update, our
conviction is increasing. Headwinds have not fully abated, but the IMS will
highlight the significant progress made by new management in 2015.
FY16E attrition guidance could increase to £400m. Earlier this year, Serco guided to
£350m revenue attrition in FY16E. In our view, this could be revised to c£400m as the original
figure included £50m from Intelenet (which drops out as it will be sold before year end)
and the following contracts have been lost or lapse: US National Benefits Centre (£35-40m
annual revenue); Virginia Department of Transport (c£35m annual revenue, winding down
towards a May 2016 exit); complex cases child maintenance (£30m annual revenue which
runs off over three years as existing cases are resolved).
Disposal update. Judging by Blackstone’s recent financing activities the Intelenet
acquisition is on track to complete before year end. This leaves UK leisure/waste as Serco’s
sole remaining non-core asset, but novating its contracts to individual legal entities could
take until mid-2016. Serco’s balance sheet will have been de-risked by then, and we think its
turnaround will have a firmer footing so there may be a case for retaining this public sector
facing unit.
Positive cashflow developments. Serco recently reached a favourable agreement with
the Australian government to amend its contract to provide in-service support to Armidale
Boats. This is the largest component of the £447m onerous contract provision and resolving
loss makers would lead to material FCF upgrades. On recovered earnings, Serco has an 8%
FCF yield.
Trimming LFL revenue assumptions; unchanged EPS. We now anticipate -8% and
+2% organic revenue growth in FY16E and FY17E, respectively (previously -5% and +3%)
due to higher attrition, but our EPS estimates remain unchanged for two reasons: 1) as we
highlighted in our September note, management feel more in control of cost efficiencies;
2) we assumed that UK leisure/waste would be sold in late 2015 but have reconsolidated
until any transaction is clearer.

[market sniper1] 01/12/2015 12:10

Serco Group plc 41.4% Potential Upside Indicated by Jefferies International
Posted by: Ruth Bannister 1st December 2015

Serco Group plc using EPIC/TICKER code LON:SRP had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘BUY’ today by analysts at Jefferies International. Serco Group plc are listed in the Industrials sector within UK Main Market. Jefferies International have set their target price at 157 GBX on its stock. This indicates the analyst now believes there is a potential upside of 41.4% from the opening price of 111 GBX. Over the last 30 and 90 trading days the company share price has increased 13 points and decreased 14 points respectively.

Serco Group plc LON:SRP has a 50 day moving average of 102.68 GBX and a 200 day moving average of 131.72 GBX. The 1 year high stock price is 188.8 GBX while the 52 week low is 89.48 GBX. There are currently 1,097,554,751 shares in issue with the average daily volume traded being 4,454,677. Market capitalisation for LON:SRP is £1,275,358,587 GBP.

Serco Group plc is a United Kingdom-based provider of public services. The Company operates through six segments: UK Central Government, UK & Europe Local & Regional Government, Americas, Asia Pacific, Middle East and Global Services, which provides BPO services across the globe.

[market sniper1] 01/12/2015 09:48

Serco Group plc (SRP) Given “Buy” Rating at Jefferies Group
December 1st, 2015 • 0 comments • Filed Under • by ABMN Staff

Serco Group plc logoSerco Group plc (LON:SRP)‘s stock had its “buy” rating reiterated by Jefferies Group in a report issued on Tuesday, MarketBeat Ratings reports. They presently have a GBX 157 ($2.36) price objective on the stock. Jefferies Group’s target price suggests a potential upside of 42.08% from the company’s current price.

In other Serco Group plc news, insider Gardner,Roy A acquired 25,000 shares of the stock in a transaction dated Wednesday, November 18th. The stock was acquired at an average price of GBX 99 ($1.49) per share, with a total value of £24,750 ($37,234.84).

[market sniper1] 01/12/2015 09:32

SRP Serco Group (international Support Services Group)

todays Buy moving up nicely. 01 Dec Jefferies International Buy 111.70 157.00 157.00 Reiterates

[alphahunter] 30/11/2015 14:18

Cheers Bamboo2

[bamboo2] 27/11/2015 14:01

Chart pattern is a potential Inverse Head & Shoulders, target at 125 to be confirmed with an eod close above the neckline at 110.

[alphahunter] 27/11/2015 11:58

Could you add volume on your charts CR?
Thx

[cockneyrebel] 27/11/2015 11:11

Bottom in?


free stock charts from uk.advfn.com

[alphahunter] 26/11/2015 20:30

Even IC has turned positive on the stock (LOL).

Is this the first time the Chairman has bought since the new team?
I think it is (Not LOL)

This is in momentum and chartist's land now.

[hybrasil] 26/11/2015 18:38

bought in today

[alphahunter] 25/11/2015 15:51

Yeap, institutional shorts in that stock went from 5.6% to 3.8% in a matter of 10 working days, so there is probably a bit of front-running from the hands-on trading desk watching flows.
Not sure about the spike though but the boyant markets and the flattening chart / tight boll bands might push it higher tradingwise.

Is that extra dosh in NHS, Trident revisited, MOD civil servants sacked or more low-level parking lot security (don't think they in there though) that may interest the more fundamentally oriented? Too busy with other stocks right now - particularely from the Continent.

Alphahunter

[cockneyrebel] 25/11/2015 14:03

Chart turning up sharply after heavy very volume 2 days ago

Highest volume in 17 months.

All imo

CR

[argylerich] 25/11/2015 13:03

Looks like short interest in general is moving elsewhere.

[alphahunter] 24/11/2015 13:20

Well, the market is telling me to close the short. Too many moving parts in the market right now for my monotasking approach. Closed at 101p then.

[deanroberthunt] 15/11/2015 12:44

Alphahunter

what's worth buying in the FTSE100/250 for the Santa Rally? as everything seems to be going down...Miners, Oilers, down....Banks, down....Aerospace...down....Food and Drug Retailers....down....Pharaceutical.....down

[alphahunter] 13/11/2015 12:16

Here we go again, the invisible hand is guiding again to the magic "100p".

You've go to wait for the next Q to see man-triggered intervention in the share price. BTW, scary article in BBG about 15m jobs in the UK to disappear to robots in the next 20-30 years.

[davethehorse] 09/11/2015 16:29

Still looks weak and wouldnt want to be holding for a while yet IMO

[argylerich] 09/11/2015 08:12

Another cash leak plugged.

[alphahunter] 05/11/2015 09:23

No issue with the debt indeed. Just with the absolute valuation and even more so with a risk-adjusted valuation.

Talking about which ATOS still remains somewhat undervalued IMHO, even after a cracking run lately.