Interserve Share Discussion Threads

[edmundshaw] 21/9/2016 09:19

Your lordship might I respectfully suggest a visit to an ophthalmologist?

[dogwalker] 21/9/2016 09:16

You mean with the left shoulder formed in 2007 @ c £5-25, LD G?
Quite possibly, but we've a way to go to get back to that price to start forming the right shoulder, haven't we? So , erm, maybe another 2 years to run before we begin to get a definitive answer ? We don't just need to reach £5-25-ish, but hold for a while then fall back down again before we can say....'You know what, that was a H&S pattern'.
H&S patterns seem apparent quite a lot; only occasionally actually happen; & are only provable with hindsight anyway.
If you are are looking at something much shorter-term, do say. I don't see anything.
All the best.

[lord gnome] 21/9/2016 08:20

Am I seeing a ghost in the works or is that chart starting to look as though a classic head and shoulders formation is on the way?

[bahiflyer] 21/9/2016 08:13

Looks like a decent contract and the fact the project has started is a bonus.
ADVFN news service playing a blinder today

[cerrito] 20/9/2016 18:49

Saw Questor in the Telegraph today had a piece on this with a hold;says investors will be placated by the £11m over 2 year contract announced yesterday.
Yes good to have but perplexed as to why the issues RNS on such a small contract which does not move the dial.
Sold 10% of my holding a couple of weeks back and for now will hold with what I have if only because of the 6.4% approx. yield which costing the company as it does about £35m seems sustainable.

[haywards26] 19/9/2016 17:44

I see Mitie issued a profit warning this morning..

[lord gnome] 15/9/2016 11:19

Not really edmundshaw. Just down by slightly less than the value of the ex-div. Nice, just the same. Back over 400 please and make it quick.

[edmundshaw] 15/9/2016 10:30

Down the day before XD, up on XD. Is someone living in the past where XD was a Wednesday?

[spoole5] 14/9/2016 21:20

This happened the day before carillion went ex divi as well for some reason. May top up if weakness persists. These sorts of companies are going to be big winners in the autumn statement with infrastructure spend being ramped up.

[dandanactionman] 14/9/2016 18:34

Large ish auction at end of day.Believe tomorrow is ex dividend?I was surprised at speed of rise and suppose a pullback wS to be expected?

[csmwssk12hu] 14/9/2016 13:53

Sounds about right you sell so they can buy!

[spoole5] 14/9/2016 08:16

They had a sell rating on arm with an 800p target the day before they were taken out for 17!

[wad collector] 12/9/2016 21:24

That is the same Liberum who were advising buy to a target price of 625p in November last yr (sp was about 550p then and dropped steadily to the 250p nadir over the next 9 months).
We are all guessing , but only some of us are earning fat bonuses for advising how to invest other people's money.

I am puzzled by the comment about the yield , even the most pessimistic forecasts suggest a big cover.

[speedsgh] 12/9/2016 17:59

A view from the other side of the fence...

Liberum still think it could be proved right on Interserve -

Liberum is clinging on to its ‘sell’ rating on support services company Interserve (IRV), despite the shares rallying 37% after solid half-year results last month.

Analyst Joe Brent retained his 280p target price on the shares, which fell 1.4% to 431.3p on Friday. Investors have also been buoyed by the company’s planned exit from problematic energy-from-waste contracts and a possible sale of its equipment services unit.

‘Deserved positive reaction to first half results,’ said Brent. ‘There are a variety of other challenges, including the pension.

‘Interserve is exposed to many of the other negative themes in the sector including UK construction output, oil and gas markets and the national living wage.

‘Attractive 5.9% yield but either the business stays over levered or earnings per share and dividend cover reduce post-sale. An adjusted enterprise value-earnings ratio of 10.2 times leaves the shares looking expensive adjusting for the equipment disposal.’

[wad collector] 05/9/2016 12:27

I have expectations of a gradual return to the £7 of 2015.

[edmundshaw] 01/9/2016 16:03

I got 60% profit when I sold some at £4.29, which was the end of my "Brexit windfall" shares here. But I am still very overweight , from buying for the "waste-to-energy" windfall. Those shares are well ahead, too... All very satisfactory.

[haywards26] 01/9/2016 13:12

It has been a great rise. The market unfairly punished the share price after the so far isolated contract issue. I will be tempted to cash in if the price rumbles on past 450-500 however and bank my 60% profit...

[wad collector] 01/9/2016 08:52

Agreed , what perhaps I should have said is that it is irrelevant as a negative factor now.
Extraordinary that the share price has more than doubled in the last 6 weeks.

[haywards26] 25/8/2016 12:48

Brexit is not an irrelevance Wad, it will be one of the main factors behind the governments infrastructure investment drive hopefully announced in the Autumn and of which IRV should benefit. :)

[wad collector] 25/8/2016 08:32

Laing's results out today and looking better ; the sector looks a solid place to invest and Brexit appears an irrelevance. £6 on the distant horizon?

[edmundshaw] 24/8/2016 16:57

Cousin Carillion reporting today too (in their usual terse fashion) - flat revenues, flat profis, flat price, flat everything. But at least dodged the energy-from-waste bullet.

Interserve looking quite good in comparison in my view. More underlying growth prospects, where Carillion seems more steady-as-she-goes.

Will have a look at Costain later, thanks for the mention.

[cerrito] 24/8/2016 13:26

Continue to be surprised that IRV announce such small contracts; this has a gross revenue of £1m per month approx. between now and 11/17 whereas in H1 16 total construction gross revenue was £75m per month.
Thought of IRV this morning when reading Costain’s interims and they are still have to take provisions on their Manchester PFI energy from waste contract which was a forerunner of IRV’s Glasgow contract. Good to see in the interims that IRV firm in saying that the £70m provision was still seen as sufficient.

[lord gnome] 24/8/2016 09:19

It will be known, inevitably, as the Pizza Hut!