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Share Name Share Symbol Market Type Share ISIN Share Description
Interserve LSE:IRV London Ordinary Share GB0001528156 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.14p +1.13% 12.50p 12.83p 13.10p 13.00p 12.00p 12.97p 1,120,810 16:35:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 3,250.8 -244.4 -176.0 - 18.71

Interserve Share Discussion Threads

Showing 12001 to 12023 of 12025 messages
Chat Pages: 481  480  479  478  477  476  475  474  473  472  471  470  Older
DateSubjectAuthorDiscuss
16/1/2019
08:13
An excellent day for incompetent shysters to attempt to bury bad news imo.
redsquirrel3
15/1/2019
13:01
Trade unions have accused the government of failing to learn lessons from the collapse of Carillion, instead pumping even more money into outsourcing companies, a year on from the firm’s high-profile demise. The lifetime value of outsourcing contracts awarded in 2017-18 “rocketed̶1; by 53% from £62bn to £95bn in the past year, according to the GMB union, which pointed to nearly £2bn in contracts awarded to Capita and Interserve despite both issuing profit warnings. - Guardian
wbecki
15/1/2019
10:46
They've already done extremely well and will continue, no doubt,to enjoy their Filthy Lucre.So much for 'restoring shareholder value'! IMHO.
redsquirrel3
14/1/2019
12:29
Wallywoo says, "it is not going to make anyone any money for a long time to come now." Well I think Debbie and her BOD would disagree, they'll do very nicely thank you.
whyyy
14/1/2019
09:52
Cheers yes it was. In a world where management "achieve" if they stay in their jobs for another month - there is always pressure to seize upon any potential good news or perception of it. Thus whenever there is a dispute with a client that they will not pay - management will look around to see if there is any possible leverage or mitigation , perhaps a claim vs. insurance. At that point it is human nature to view the potential mitigation as good news and to spin it to the auditors as a positive so the provision can be used to offset losses in the accounts - after all there is a good chance ...... Knowing full well these things always take a long time to play out ....
fenners66
14/1/2019
09:34
HTTPS://en.wikipedia.org/wiki/Jarvis_plc That's the company Fenners mentioned that did a debt for equity and then went bust a few years later
wallywoo
14/1/2019
08:58
They can't close EfW, but need to complete the existing contracts. That's the problem and has been all along. Banks will not take the equity, if management have not been honest on the extent of losses. Whether they have or not, time will tell. Given the contracts don't appear to have been completed, I suspect the losses will continue to increase as time is money!
topvest
14/1/2019
08:43
jeffian - there was the railway contractor who did both - debt for equity and still went bust - name escapes me at the moment
fenners66
14/1/2019
00:58
Academic research says that unless the firm ends up in bancrupcy existing holders dont get wiped out in d for e swap. I dont think irv is going to chptr11 cause gvrmnt doesnt want carillion. I may be completely wrong
micha14
13/1/2019
22:41
Why don't you see it as complete wipeout? GEC/Marconi/Telent
jeffian
13/1/2019
22:22
The Shareholders will not get bailed out but they wont get completely wiped out either. IRV already announced that banks are " fully supportive" of its "deleveraging plan". They will take the equity and the profitable buisness arm because they have nowhere to go and because the governmnt ministers will encourage them. Massive dilution as a result, closed efw operations and limp on...70000 workers will limp on and shareholders, well, who knows but i dont see a complete wipe out
micha14
12/1/2019
21:18
I can't see any other course of action other than administration, if the EfW contracts have over-run again. Why would the banks take the risk with equity? That's precisely why Interserve haven't been able to do a fundraise. No EfW closure, no new equity.
topvest
12/1/2019
19:06
micha14 the government may not want another Carillion but it doesn't follow that they will bail out shareholders, in fact they almost certainly won't.
tonysss13
12/1/2019
16:17
There are other factors at play here. The banks may have nowhere to go and accept RWD spinoff or debt for equity swap. Yes, this will result in serious dilution, say 20 to 1, but this all has been priced in already at 15m market cap. The government doesnt want another Carillion and what will they do with 7bln of contracted work interserve already has? These are the main assets here, the 7bln of contracted work. This company is either being wiped out or will survive because government, banks and suppliers will bend over for it to survive. I believe the latter and have bought shares at 11p. After the 20-1 dilution you are at 300m valuation, 1/20th of sales
micha14
10/1/2019
18:31
How can they be so off with their timings every time? Absolutely Crazy. Makes you thing if they are doing this deliberately to mislead the market.
billtucker
10/1/2019
11:56
Now planned to finish EfW in the "first half" Heard that one before....
fenners66
10/1/2019
08:20
2012 Sandwell job will cost £3m to fix One wonders just how many more jobs are out there which will require rectification?
cc2014
06/1/2019
18:32
Maybe so blueblueblue1, but they still got kicked-off the contract because they were rubbish. The contract was eventually completed on time and on budget (without Interserve) and the site has been operating successfully for well over a year.
topvest
04/1/2019
20:07
This is outright fraud.
billtucker
04/1/2019
17:30
Seems to me with all the expenditure and investment (not forgetting penalties for delay) someone within Interserve, or a third party employed by Interserve, is gaining valuable experience and knowledge at shareholders (our) expense. Do you wonder if IRV retained the intellectual (apologies to all for suggesting that word is associated with your investment as you may have other thoughts) rights associated with this investment, after all by the time (if ever) these plants are handed over IRV or a third party, who are now very wealthy, will be an expert in this now exited specialism. Due diligence? What’s that like a driving test. Stop at the red light.
pundit1
04/1/2019
11:18
Hmm. Doesn't bode well for a debt for equity swap. Who wants their equity if there is still an EFW black hole? They were building the Worcestershire plant near us, but got thrown off the project for incompetence. That project was completed on time and on budget, by the local authority, and has been operating for 18 months now.
topvest
04/1/2019
11:10
Happy Fat Cat Friday Debbie - "Excessive executive pay represents a massive corporate governance failure and is a barrier to a fairer economy," said Luke Hildyard, Director of the High Pay Centre. "Corporate boards are too willing to spend millions on top executives without any real justification, while the wider workforce is treated as a cost to be minimised," he said.
whyyy
04/1/2019
10:54
The thing is these three EfW do not include Derby. So, that's all of them they haven't got handed over/commissioned by year end. It's clear now why the Feb interest payment of £50m was waived until April. Because a month ago it was obvious at IRV and thus to the bondholders there was no income stream from EfW to pay for it. What a mess
cc2014
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P: V: D:20190117 19:08:23