Servoca Share Discussion Threads

[tedg41] 16/10/2009 09:32

I have added a few this am. Don't know much about to company- must read up!

[wskill] 16/10/2009 09:11

Bought today at 20p after reading the RNS statement, at the half year eps of 1.77p so full year 3.6p around but we are well ahead after todays statement so maybe 5p per share and possibily a dividend? for a PE of 4 the management seem to be doing a great job in turning round the business

[targatarga] 28/8/2009 15:43

wouldn't be surprised if southwind make a bid for shares they don't own!

[tedg41] 11/6/2009 10:50

Have bought a few. No further movement today though. Disappointing!

[garey_de_angelis] 10/6/2009 09:57

Breakout starting at ACC, check it out.

:-D

[pelleeds1980] 10/6/2009 08:46

Had a negotiated order in for a while now dreading what price I finally get

[5dally] 10/6/2009 08:09

Still on my own :-(

Highlights


* Revenue up 83% to GBP30.1 m (March 2008 GBP16.46m)

* Gross Profit up 67% to GBP8.46 m (March 2008 GBP5.07m)

* Profit before taxation of GBP0.86 m (March 2008 GBP0.36m loss)

* Strong organic growth

* Restructuring process completed

* Equity Fundraising of GBP5 m in March 2009

* EPS of 1.77p (March 2008 loss of 0.89p)







Andrew Church, Chief Executive, commented:


Turnover, gross profit and profit before tax are all ahead of Board expectations
and the Group has made a solid start to the year. The Group completed a
substantial restructuring and cost reduction exercise during the period and the
results for the first half reflect the impact of this exercise.


Current trading remains positive and the performance of the Group in the first
half gives the Board confidence for the full year.

[5dally] 09/5/2009 17:04

Well it looks like I am to remain here on my own :-(


RNS Number : 3169R
Servoca PLC
29 April 2009

Servoca Plc

("Servoca" or "the Company")




Notice of results and trading update




Servoca Plc, which is focused on providing resourcing services to the public sector education and healthcare sectors, will announce its interim results to 31 March 2009 in mid June.




As announced at the recent AGM, Servoca continues to experience strong trading conditions and results for the first six months will be ahead of expectations. The current outlook is positive and we look forward to continued progress during the second half of the year.

[5dally] 06/5/2009 22:27

Just look at that chart,,,,,only one way to go IMO

[5dally] 04/5/2009 09:38

With results ahead of expectations I can see this share price moving north in the run up to June all IMO and DYOR

[5dally] 01/5/2009 11:06

Surprised to see a couple of late sells go through yesterday,,,,,,,with such a positive statement just being released and the Next interim announcement 15- Jun- 2009 I would have thought we would see some pretty strong buying

Notice of results and trading update (Servoca)





TIDMSVCA

RNS Number : 3169R
Servoca PLC
29 April 2009

Servoca Plc
("Servoca" or "the Company")


Notice of results and trading update


Servoca Plc, which is focused on providing resourcing services to the public
sector education and healthcare sectors, will announce its interim results to 31
March 2009 in mid June.


As announced at the recent AGM, Servoca continues to experience strong trading
conditions and results for the first six months will be ahead of expectations.
The current outlook is positive and we look forward to continued progress during
the second half of the year.

[5dally] 30/4/2009 12:11

Good results stil being over looked here I think

[5dally] 29/4/2009 13:38

You can buy well within the spread Barbieuk :-)

[barbieuk] 29/4/2009 13:29

OK dilly dally you have convinced me - as soon as the spread narrows I will have a punt

[5dally] 29/4/2009 12:48

Check this out,,,,this company has turned the corner IMO and could quicky rise from here all IMO and DYOR


www.servoca.com

[5dally] 29/4/2009 12:46

Plenty of positive reading here

Acquisitions




As detailed below, the Company has made a number of acquisitions in the year.




Operational highlights




Strategy and delivery

Following a number of acquisitions made by the Group, our strategy is to concentrate on organic growth in our existing three principal markets of Education, Healthcare, and Secure Solutions.







Resourcing

Healthcare :

Within Healthcare we have combined three brands ( Windsor, Berry and Dream Medical ) under a new banner - Servoca Nursing and Care. This Company together with our existing brands TLP, Firstpoint and Triple West supplies a broad spectrum of skills providing allied health professionals, doctors, nurses, domiciliary care, social workers and other associated specialisations. We are now able to offer a complete service by having the ability to cover all major staffing disciplines within this sector. Servoca is one of only a handful of organisations who offer a one stop shop, and one of even fewer such organisations able to offer a national branch network attracting highly skilled healthcare professionals throughout the country. Servoca Healthcare is now in a position to bid for lucrative, long term, regional and national contracts which will help the Group to underpin plans to increase our visibility of earnings and recurring revenue streams within Healthcare. During the year this division secured major contracts in South Yorkshire and the West Midlands.




The Healthcare sector demands an up-to-date and complex skill set and we therefore invest heavily in providing training for new and existing staff. Servoca Healthcare now provides large scale training courses for the NHS, private care homes, local authorities and many other business types involved in the health arena.




Education :

We have three brands within our Education division and our strategy will be to continue to grow our market presence both in the UK and abroad.




Dream Education provides long term qualified teachers mostly within secondary schools.




Academics was acquired in March 2008 for an initial consideration of £3.1 million and an earn out of up to £5.8 million. Academics operates as an Education recruitment and training provider which supplies qualified teachers on a contract or permanent basis to clients in London and the Home Counties.




In May 2008, the Company acquired the business trade and assets of a business trading as Day to Day Teachers Limited from the administrators .The Company paid a cash consideration of £0.38 million. Day to Day Teachers operates from two branches and supplies qualified teachers and classroom assistants on a supply or temporary basis.




These acquisitions will enhance the Education resourcing division by enabling us to provide a wider service offering to our expanding client base. Opportunities exist for us to develop the Home Counties market and roll out the proven Academics model nationally. Academics also has a resourcing office in Melbourne which will allow international expansion from the existing infrastructure.




Servoca Secure Solutions




Our Security Division - Servoca Secure Solutions ("SSS"), - includes our acquisitions within security and our Criminal Justice Operation where both now enjoy significant cross-selling opportunities.




We have enjoyed particular success in the areas of criminal justice training, crime training, the outsourcing of cold case reviews, business process outsourcing and the provision of highly experienced teams into sensitive areas.




To strengthen our Security offering, in December 2007 we acquired both International Security & Surveillance Limited ("ISS") and ISS Special Projects Limited ("ISS (SP)") for an aggregate consideration of approximately £2.85 million which was paid in a combination of cash and ordinary shares. These two businesses have been combined under the Servoca Secure Solutions brand. This division continues to provide manned guarding, systems services, corporate investigations including close protection, risk management and surveillance.




The newly enlarged division is now able to offer a wide breadth of important and highly valued services to a variety of clients whose needs are often of a sensitive and high-profile nature. SSS provides confidential services to the majority of Police Constabularies throughout the UK . SSS is the only organisation of its type to have gained the "Skills for Justice Accreditation" for all of our policing training products. Over the past year SSS has run a number of specialist policing conferences and special interest days, further cementing our strategic relationship with the UK Police Service.




It is our intention to develop SSS into a unique specialist brand able to offer the full spectrum of security services. We are building this division to become a significant provider of high end specialist Security services.




Board changes




Glenn Swaby became the new Chief Financial Officer on 28 March 2008 when Andrew Brundle stepped down.




Tony Rogers resigned as a Director with effect from 3 October 2008.




Darren Browne resigned as Chief Executive Officer on 3 November 2008.




Andrew Church was appointed as Chief Executive Officer on 24 November 2008.




Emma Sugarman , founder and Managing Director of Academics Limited, was appointed to the Board on 16 December 2008.




Summary and prospects

The 2008 results showed good underlying growth marred by several one off costs and loss making businesses which have now been closed. The cost base has been realigned and the restructuring completed. This has transformed the performance of the Group and each division of the Group is now delivering profits.




The Group will continue to serve many areas of public sector recruitment that suffer from manpower supply shortages. The underlying growth in public sector recruitment remains strong and there will be a greater focus on profit delivery by the new management team.




We have new additions to the Board and Servoca has a strong platform on which to build and deliver shareholder value and realise its full potential.

[5dally] 29/4/2009 12:35

Some buy's coming in now should see us move higher IMO and DYOR

[5dally] 29/4/2009 10:07

Not the instant flyer I thought it was going to be,,,peeps to busy on other stocks this morning to check this out,,,,,am sure the news will underpin the share price now and will take off in the rum up to results in mid June all IMO

[barbieuk] 29/4/2009 09:25

Yes looks like you have found yourself a winner there dillydally great news this morning and results better than market expectations

[5dally] 29/4/2009 08:27

Number two on the leader board now :-) think we wil top it today All IMO, cant see the share price going anywhere but north on this mornings news

[5dally] 29/4/2009 08:24

Widened the spread again now to put off buyers,,,,think the MMs have been taken by surprise this morning all IMO and DYOR

[5dally] 29/4/2009 08:20

Moved up again and the dreadfull spread has gone :-)

[5dally] 29/4/2009 08:18

Not such a dead duck after all :-)Getting in at this leval must make us money,,,,should see a good rise to results all IMO and DYOR

[targatarga] 14/3/2009 10:41

mr eels - dire dire and even more dire, amazingly enough there was no admission of failure in the rights literature. Everyone thought good times were ahead when mr cooke walked the plank but more pain surely follows. Nice piece in the paperwork about issuing up to 10% of equity for performance in the coming year to their top management! regards

[mr eels] 14/3/2009 08:18

I have given up on this share..........but does anyone have any (printable) comments on the placing etc?