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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 6.30 | 5.795 | 6.30 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
16/11/2016 14:35 | Have an indirect holding here so seeing a share price meltdown is the very opposite of what I want to happen. If no other contract issues emerge and the Viridor exit is managable, then you can may be make a buy case. | essentialinvestor | |
16/11/2016 14:06 | Typical doom mongers. Tomorrow it will be back up | leadersoffice | |
16/11/2016 13:57 | This has the look of connaught about it. The ceo departure tells me there's more unravelling to come here. | spoole5 | |
16/11/2016 13:37 | Not until risks are quantified or even quantifiable. I wonder are we going down the strategic review of all major contracts route?. | essentialinvestor | |
16/11/2016 13:34 | If net debt is the higher end of the 300-320m range as purported, then with the market cap at £400m or so presently this would make a good cheap acquisition for someone with an appetite for turnaround. Everyone has balfours marked as a takeover target, what about the alternative and a balfour acquisition here? | jamesryan123 | |
16/11/2016 13:03 | Rights issue coming here. | spoole5 | |
16/11/2016 09:10 | You don't know the other contracts are solid. There are hundreds of problem contracts across the industry at the moment. Getting contractors to meet the price they quoted for and getting clients to pay is a huge issue at the moment on most large contracts. Just look at balfours inability to undertake a massive job a nine elms because they couldn't meet the price they put in due to short term inflation and risk. The lack of skilled labour and white collar people at the moment means enormous levels of inflation in specific parts of construction. It is a material issue at the moment for everyone. I suspect there may be some other issues uncovered. The ability to lose £70m on a design and build contract is pretty much unbelievable anyway so who knows what else was signed off. | jamesryan123 | |
16/11/2016 08:51 | A sad finish to CEO's career. There is simply too much risk here now for me to get involved. until we hear the first statement from the new CEO who will try and "kitchen sink" all possible legacy issues, we wont know what the true picture is. | salpara111 | |
16/11/2016 08:42 | Will now retest the lows in my opinion. The market thought the issue was settled now it's worse than before. Also has to be question marks over other similar contracts they are involved in. | spoole5 | |
16/11/2016 08:36 | Not good a Kumo bear break-out yesterday this has further to fall. | blueball | |
15/11/2016 21:57 | The reputation risk on this is massive. Clients will be wary of using them with this round their neck at the moment. Stating that the legal team are reviewing indicates they are up for a fight. The fight could end up being even more costly. | jamesryan123 | |
15/11/2016 21:50 | Could this one go the same way?http://www.inter | spoole5 | |
15/11/2016 20:29 | hxxps://www.construc | haywards26 | |
15/11/2016 20:27 | hxxps://www.construc | haywards26 | |
15/11/2016 20:24 | hxxp://www.construct | haywards26 | |
15/11/2016 18:59 | I have an indirect holding here through an IT. Assume the Glasgow waste contract is with Viridor, part of Pennon plc. At their last update Pennon mentioned being in receipt of compensation as a result of delays, so what has happened since would be interesting to know. | essentialinvestor | |
15/11/2016 18:42 | Trading remains in line and expectations for the overall performance and cash delivery of the Group are unchanged. To me , that was the important bit of the announcements. Clearly the share price is not going to be revisiting £6 again for a long time , but the yield means it is one I shall continue to hold heavily. | wad collector | |
15/11/2016 17:27 | Close escape for me. There will now be a cloud over the business until a new CEO is in place so I am taking them off my watch for the moment. Having said that....if they dropped back to the 225 level again I would definitely take a punt. | salpara111 | |
15/11/2016 17:04 | The thing is that, once the contract is terminated, the provisions you may have made are outside your control. The 'damages' are whatever it costs for someone else to finish the job and it's no good bleating 'we could have done it cheaper'. In making the £70m provision previously, they were trying to draw a line under it but the ending of the contract makes that much more uncertain. | jeffian | |
15/11/2016 16:52 | The board already stated that they expected to make a contract provision of £70 million in respect of the Glasgow Energy from Waste project. That is factored into the H1 results. Not quite sure just how big you expect the provision to become, as yesterday they stated "Progress on contracts within our exited Energy from Waste business is in line with previous guidance". If the other party wants to exit the business too, it is at the moment unclear if there will be further costs, or how big they might be. Still, must expect some doom-mongers and selling on bad news and uncertainty; FUD is after all the alimentation of choice for shorters... As for costs, that entirely depends on the provisions in the contract and any breach that can be demonstrated. We can just hope it isn't dragged through the courts for the next nine months. Meanwhile, the rest of the business seems to be performing OK. | edmundshaw | |
15/11/2016 16:42 | I suppose that the worry is that, if Glasgow feel able to terminate the contract, that suggests that there has been some breach of terms or non-performance which could result in a claim for compensation from IRV. From my days as a commercial property developer, if a contractor failed to fulfil his side of the contract then one is entitled to bring in others to complete the job and look to the original contractor to pick up the tab for the difference between his agreed price and whatever it ultimately costs to complete. | jeffian | |
15/11/2016 16:03 | I fear the worst with the latest announcement, in that more costs will be incurred with the exiting of the energy from waste business, and hence why the CEO is leaving.. I continue to hold | haywards26 |
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