Interserve Share Discussion Threads

[bookbroker] 19/10/2017 07:53

When they say half the operating profit, presumably they mean double the operating loss!

[rhatton] 19/10/2017 07:38

The bank covenants are the issue. They’ll agree a new agreement with them no doubt with a less favourable interest rate.

The increased provision for energy from waste was pretty much as expected from numis and Liberum.

[luisfrg] 19/10/2017 07:30

When will bad news end!

[rhatton] 19/10/2017 07:14

So headline operating profit of £90million for the full year approx.
Could the lenders change the covenants without a rights issue needed if cash generation is maximised?

[losses] 19/10/2017 01:48

Institutions still buying looking at today's RNS

[fenners66] 18/10/2017 21:02

Well having said they were on my watchlist for yield and the likelihood the yield is now going to be zero that seems unlikely.

Funny I posted the news early on Monday morning and then again I posted at 8.53 on Monday

"If the article is true, how can you say it is standard stuff for a concerned "consortium" of lenders to call in EY?"

At the time the share price was floating between 106 - 109

The share price now is quoted as 90

cfc1 - "But this is all standard stuff and should be expected." " notice NO major share sales...only smaller rattled investors."

Ok you were so right - the news didn't affect the share price at all. Luckily all the real shareholders were able to read reassuring words on a message board and that stopped the rot no one sold.

Like I have said - you cannot really predict share price movements minute by minute or day to day, but when the market has time to digest real news - there was an RNS they usually affect sentiment - more likely when its bad.

I thought this was bad news and not normal.

[eodfire] 18/10/2017 15:15

Are you considering buying in at some point fenners?

[fenners66] 18/10/2017 15:11

And your reason for that supposition?

Seems the market is seeing them as sells.

[pal44] 18/10/2017 14:07

interesting buys are showing up as sells MMs are at it today . GLA

[schofip] 18/10/2017 14:07

In view of the fact that IRV have lost 25% of its share price in a week it means
Coltrane asset Management have have suffered a paper loss of £36M and Artemis £3.5M. And that is with all their overpaid advisors on hand.

[rhatton] 18/10/2017 11:49

Not much to say really. Until there is clarity provided which hopefully will be in the next few days it’s impossible to say

[hootza616] 18/10/2017 11:12

All quiet today?
Nothing brewing?

[jeffian] 17/10/2017 23:29

"Fundraising & divi cut IMHO."

Not a difficult forecast given they said this at the annual results in Feb!

" - no final dividend proposed in order to enhance liquidity levels while continuing to invest in our core businesses"

[yf23_1] 17/10/2017 20:15

Fundraising & divi cut IMHO.
You need cash to fund contracts and margins to make money and a decent balance sheet to attract finance at reaonable rates, you also need good management who don't lose unquantifiable amounts on loss making contracts.
None of which IRV has, hence the low rating it was always on.

[glenkaz] 17/10/2017 19:01

Really sad this has dropped! Don't make sense let's hope a good rns appears soon 🤡✌A039;

[dandanactionman] 17/10/2017 17:48

All the following IMHO dyorThere do seem to be some decent sized "buys". What does anybody make of the 2000000 trade first thing this morning or am I missing something.

[hootza616] 17/10/2017 16:32

Yeah pal44, my tea!
Please expand on your cryptic post as my psychic powers are not what they used to be!

[pal44] 17/10/2017 16:22

something is brewing ..

[schofip] 17/10/2017 12:15

32 red has a good track record lol

[cfc1] 17/10/2017 11:46

dunno Hootz! I think the underlying business is strong. It does come down to forward order books, size of hole et al...I can imagine lenders saying...we are extending loan facilities for another 12/24months - their order books are very strong unlike others in this space....G4S were in a far worse mess than Interserve.

[hootza616] 17/10/2017 11:30

Holding with the hope all the bad news was delivered previously and next report will suggest on course for long term recovery.
Some larger buys later this morning so may have bottomed at just under 90p.

[rhatton] 17/10/2017 11:04

The thing is we literally have no idea what is about to be released. Trading update was meant to be next month, but were most probably going to get that brought forward to sometime this week as per the last rns.
Now as reports have stated, lenders have asked EY to audit IRV after the big share price falls in September post the RNS.
So we’re gonna get a trading update detailing exactly how much trading has deterioted over the summer plus the increased overruns on the waste program.
Numis and Liberum had roughly agreed on an increase from £160mil - £190mil and cut their profit targets by 24% for the next 2 years.
So is it gonna be worse than that or better? Who knows until the update.

[cfc1] 17/10/2017 10:56

bookbroker - that's the most sensible post in the last couple of days. I agree. She will be laying out her stall and outlining her plan. lets not forget all the recent wins which are not small.