Interserve Share Discussion Threads

[the juggler] 19/1/2018 12:44

A bridge? Gaddammit! How much easier do they want to make it for illegal immigrants to get in here?
BAck to IRV. - held up well throughout CLLN debacle. Should be a great investment once we reach H2/Q3.
Where is cfc1? Did the 15% drop following the Radio 4 Today programme cause him to jump ship? I hope not as a good poster.

[da vinci1] 19/1/2018 10:47

What about Brexit ?
Great symbolic propaganda value though:building bridges with France but not just metaphorically.
I suggest any consortium should only submit an Estimate Dex !!

[dexdringle] 19/1/2018 10:05

........and the fact that the cost of building will inevitably far exceed tender amount leaving the construction company with a huge loss.....(see Carillion)

[da vinci1] 19/1/2018 09:52

So May and Macron have commenced exploratory dialogue on the construction of a new Bridge across the English channel. If they can pull it off it will be a massive stimulus for the sector and it's concomitant plc's ! The fly in the ointment is it will probably take 10 years to get off the drawing board. LOL

[dexdringle] 19/1/2018 08:31

"Peel Hunt recently valued Interserve on a sum of the parts basis only at £1.80. Presumably they are proficient in reading a Balance Sheet"

Pointless. There isn't a single company where the share price tracks the tangible NAV in the balance sheet:

Barclays Bank - Tangible Net Assets per share £3.34. Share price £1.98

Taylor Wimpey - Tangible Net Assets per share £0.88. Share price £1.97

Interserve - Tangible Net Assets per share -£1.18. Share price £1.23

.....etc

[da vinci1] 19/1/2018 07:07

Thanks for your words of caution Fang I'LL take them on board. I agree with you that they're not 100% accurate,but I'd still prefer to attach more credence to professional financial analysts than to the words of wisdom of the proverbial 'Man on the Clapham omnibus'. GLA

[obiwoncanary] 18/1/2018 22:14

It has reduced by 1% this week so I’m hoping they’re closing :-)

[wad collector] 18/1/2018 21:04

Monty , I think it is not the NEXT one for the shorting hedgies ,they are already here ; around 9% on shorttracker ; highest they have ever been ,near enough.

[nigelpm] 18/1/2018 20:48

Agree with Fang. Balance sheet has got £500m of intangibles for a start.

[fangorn2] 18/1/2018 20:08

"Peel Hunt recently valued Interserve on a sum of the parts basis only at £1.80. Presumably they are proficient in reading a Balance Sheet"

Wouldn't presume if I were you.

Most analysts get it wrong, consistently.

Just compare their assessments, forecasts and the outcomes.All about the "Herd"
How often do you see a multitude of analysts raise their rating to Overweight/Outperform/Buy but only nudge their TP higher by a penny,5p , or 10p.

Hardly convictional!!

[obiwoncanary] 18/1/2018 18:19

I really hope this comes good. It seems to be standing up strong against big blows. There have been some bug after hour trades the past few days. Fingers crossed for £1.5 by end of March once banking covenants passed

[da vinci1] 18/1/2018 17:37

Peel Hunt recently valued Interserve on a sum of the parts basis only at £1.80. Presumably they are proficient in reading a Balance Sheet.Auntie has been exonerated as far as i'm concerned of hyperbole and FAKE NEWS. Pleased to see IRV continue to DRIFT HIGHER in small but welcome incremental steps.

[losses] 18/1/2018 14:45

I think IRV have been unfront about everything unlike CLLN.They gov certainly won't let this go down the same road... so I'm in with average under £1 now as I think this will be £3+ in a few years time.

[montyhedge] 18/1/2018 13:36

Is this the next one for the shorting hedgies.

[losses] 18/1/2018 13:23

Interserve, the international support services and construction group, has been awarded a £37 million passenger support contract with Spanish airports operator, AENA.

[topvest] 18/1/2018 12:44

Rubbish. The balance sheet is very weak. If you eliminate goodwill they have net liabilities and over £0.5 billion of debt. Can't anyone read a balance sheet?

[cumftablie num] 18/1/2018 11:50

Dont worry about BBC stories they are not as good at trashing companies and banks since Peston defected
DYOR

[ph1ts] 18/1/2018 10:49

Mentioned on the business news on Radio 4 this morning. Said that although there were similarities between them and Carillion. Interserve were "Safe", as they had tangible assets that more than covered their debt. (Paraphrased, probably badly).

[obiwoncanary] 18/1/2018 07:28

Would really appreciate some help. It seems 120 is the cieling for now as it was back in September. Do you think there will be a rights issue or some sort of solution before any announcement of refinacing? I was confident of £2 this year but not sure I can take many more days like yesterday.

[da vinci1] 18/1/2018 02:14

The consensus position among brokers analysts is very positive for IRV. The company has already acknowledged that debt will peak in 2018 so that is in the share price. In light of the Carillion debacle,the insidious government practise of playing companies off against each other,for the 'Best value for Taxpayers' mantra will have to be reconsidered if they genuinely desire to have a 'healthy list of contract providers'.

[topvest] 17/1/2018 21:17

Hmm interesting goings on today. Interserve are clearly not in the same position as Carillion and may be saved. They are in pretty big trouble though and putting a brave face on it with their recent desperate RNS releases. How big are the legacy contract write-down's going to be? No dividend. Debt way too high. Problem contracts. Profitability and cash flow awful. Banks involved. The positives seem to be that they don't window-dress their balance sheet as much and pensions are not a big problem...well that's a relief then...real competitive advantage. Be careful!

[dandanactionman] 17/1/2018 16:48

All the following imho dyorVery high volume today 5 percent of company? Surprised and pleased that closed with only a very small down on day