||EPS - Basic
||Market Cap (m)
|Software & Computer Services
|Servelec Daily Update: Servelec Group is listed in the Software & Computer Services sector of the London Stock Exchange with ticker SERV. The last closing price for Servelec was 271.25p.|
Servelec Group has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 69,674,304 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Servelec Group is £188,991,549.60.
|mad foetus: Good news today. Absolutely zero volume or interest here, but if the business delivers the share price will catch up at some point.|
|simon gordon: FT - 1/12/13:
Servelec's automation arm provides software and control systems to major UK utilities, broadcasters, lighthouses and North Sea oil rigs areas that the company targeted after the decline of the steel industry in the 1980s.
Its smaller but more profitable healthcare side sells software to community and mental health providers in the UK, and is expanding into acute care.
"There's potential for growth, but the market has its challenges," says Tola Sargeant, an analyst at TechMarketView, of Servelec's healthcare business.
In the face of NHS cuts, the company faces competition from the likes of Emis, Civica and Advanced Computer Software, which might try to take advantage of a push to integrate software systems across the healthcare sector, says Ms Sargeant.
Servelec, which was advised by Investec, joined the main market rather than the more flexible Aim in order to attract bigger cheques from institutional investors, says Mr Stubbs.
On listing, Mr Stubbs will have a stake worth approximately £1.5m. Schroders Investment Management and Henderson Global Investors are expected to hold 19.7 per cent and 16 per cent of the shares respectively on listing.
The company comes to the London market with no debt and £5m in cash which Mr Stubbs indicates will be used for acquisitions that were difficult under the umbrella of a Singaporean parent company.
"What Servelec is good at is improving efficiency," says Mr Stubbs. "We want to buy smaller companies with good technology that are looking to become part of a larger company to accelerate their growth."
City Am - 3/12/13:
Servelec valuation approaches £150m as shares jump on debut
Software and services company Servelec yesterday floated its shares on the main market of the London Stock Exchange, reaching a valuation of £146.9m.
Servelec's software is used in the automation of utilities, broadcasters, lighthouses and North Sea oil rigs, a business that brought in revenues of £39.4m last year with profits of £10.9m.
Servelec is being sold off by Singapore's CSE Global, which bought Servelec in 2000, but is now selling it to focus on its Asia-Pacific operations.
Following its share price launch of 179p, Servelec jumped 20.1 per cent yesterday to 215p.
"We are delighted to have successfully completed our listing on the main market of the London Stock Exchange," said chief executive Alan Stubbs.
"Being a public company provides Servelec with a platform to capitalise on the numerous growth opportunities available for both Servelec Healthcare and Servelec Automation, which will help to generate value for all of our stakeholders," he said.
The company's healthcare business is smaller but more profitable as it faces competitors including Emis, Civica and Advanced Computer Software.|
|smashingguy: And there we have it, a 65% plunge in share price already
"It is anticipated that the Company will need to raise additional equity finance
prior to December 2007 to fund future working capital requirements.
Cant see many wanting to invest when the business plan is flawed, weel to me anyways|
Servelec share price data is direct from the London Stock Exchange