Servoca Share Discussion Threads

[linhur] 21/12/2010 12:10

Looks like Southwind has sold up today. Presumably Bob Morton is now concentrating on the dogs at Walthamstow stadium

[ccullinane] 03/11/2010 14:57

Let's hope this is the start of a recovery for SVCA

[targatarga] 18/8/2010 19:59

Problem with servoca's previous acquisitions is they almost bankrupted the co. Most of that was put at mr Cookes door. Lessons learnt i hope... imho

[wskill] 18/8/2010 14:19

Cant complain about the price paid anyway next to nought paid thats what will drive SVCA forward £5.2m turnover excellent.

[linhur] 16/6/2010 14:04

Still a serious profit warning with no division making headway.There is a mention of acquisitions but anything of size will have to be paid for with another placing as the share price is so low.Best bet might be a merger with a similar sized company.
At least the net debt and cashflow have been maintained.Perhaps the deferred consideration will be saved.
My expectation is that the profit for the year before share options will turn out at £1.8m compared with the forecast from the brokers of £2.7m.
regards
linhur

[costanz] 16/6/2010 07:56

Agree - could of been a lot worse. Everyone understands cuts are being made which will impact profitability, however long term they are well placed. Public services always got in cycles - they cut too many staff then realise they have done so and hire furiously!

[wskill] 16/6/2010 07:15

Not so bad then did expect much worse with the share dumping in recent days with a top rate management team now on board we will recover as the economy does.

[targatarga] 11/6/2010 13:40

jumping ship at any price? price being dropped for a bid by bob's hawkwind or cheap management options just in time for results...imho

[danwaits] 04/6/2010 08:54

So, interim results will be out on the 16th June. Just hope recent share price performance is not an indicator of company trading.

[wskill] 27/4/2010 13:22

Oh well it will be the 10th of June for the half yearly report as last year

[danwaits] 06/4/2010 16:11

Will be interesting to see how revenues have held up in regard to HM Goverment cuts on recruitment. Hope we get some indication soon.

[wskill] 28/3/2010 09:37

Hopefully we may see a trading update on the 30th March the same as last year

[wskill] 27/1/2010 17:08

Results look good onwards and upwards cannot see the new CEO failing with SVCA

[matt] 26/1/2010 19:43

Good write up but the market cap they quote is way out. 122,591,759 shares at 17.25p is £21m. I think they made the mistake of using the year high by accident.

[investinggarden] 26/1/2010 17:32

£9m turnaround at Servoca

[pelleeds1980] 26/1/2010 10:07

From Hoodless Brennan today:

Servoca (SVCA, 20p, £23.64m) Finals to September 2009 reflected the reorganisation during the H1. Revenues rose to £57.6m (£42m) with gross profits of £16.8m (£12.7m) and a move into operating profits of £2.6m (loss £6.7m) before £0.3m. Underlying PBT was £2.2m (loss £1m) and EPs of 2.5p (loss 16.13p). Net debt reduced to £3.4m (£7.5m debt), post a £5m cash raise in March. The results were slightly ahead of market expectations. This year will see a full year benefit from the March cost reductions in the healthcare recruitment division. Education recruitment remained robust but the group has struggled to recruit from overseas and so is putting greater emphasis on UK sourced teachers. Secure Solutions, that provides personnel and services to the legal and commercial sectors saw a difficult time for manned guarding but this year is brighter with a major new contract win. Forecasts for the year ahead of £2.7m PBT with 2.1p EPS put the group on a 9.5x PER - leaving plenty of upside to 12x or a price target of 32p. BUY

[pelleeds1980] 26/1/2010 09:12

Results out chaps look v good

[wskill] 25/1/2010 19:53

Thanks Matt

[matt] 25/1/2010 18:30

Called then again and was told tomorrow.

[wskill] 25/1/2010 08:10

Hopefully today or tomorrow we know they are ahead of expectations still had no email from the company a poor show in my book,hope they make it up to me by payment of a dividend .

[matt] 25/1/2010 07:33

Maybe lunch time like some of the RNS last year.

[matt] 24/1/2010 20:21

Expecting results in the morning.

[wskill] 22/1/2010 16:40

Good buy on Plus markets today 120k at 20p someone must be sure of a good result.

[matt] 20/1/2010 21:17

I was told the 26th when I called last week.