Interserve Share Discussion Threads

[fenners66] 08/11/2018 13:53

Clearly if he was "running Interserve" he would be awarding himself a bonus !!

[cfc1] 08/11/2018 13:20

sbs - I think after 12months I expect the mgmt to deliver some meaningful news regarding wins and disposals. We have had tiny little deals and nothing else!

[sbs] 08/11/2018 13:09

They're probably working hard on sorting out the issues we've identified here. What would you do if you were running Interserve?

[cfc1] 08/11/2018 11:31

and still the share price falls. Not a word from the company. What on earth are they up to??? Thoughts?

[eodfire] 07/11/2018 20:45

I can see now what you're talking about. Doesn't show on ADVFN trades...

[eodfire] 07/11/2018 19:52

Where are you seeing a sell of 250k shares?

[dandanactionman] 07/11/2018 18:55

HiI have been a long term investor (18 years+) but have never really got into level 2 data.Could I ask what your thoughts are on this table. I am noticing the sizeable ?Sell? Order at 48 of 250,000 shares or am I mid reading this?

[obiwoncanary] 07/11/2018 17:42

Strong buying today yet we end red again

[cc2014] 07/11/2018 16:38

Just before auction closed at 48.0

[obiwoncanary] 07/11/2018 16:26

Decent 50k but gone through, let’s hope they know something we don’t! Some encouragement at last

[warranty] 07/11/2018 09:13

The Derby EfW contract is complete and working, it's just the certification that's delaying the full sign off. My concern is still Glasgow as I don't think there's yet been a final figure on costs. Only Dunbar left to go then we're out of it thankfully and can start concentrating on the rest of the business.

[fenners66] 07/11/2018 08:54

sbs - a month here or there is ok

But put it into the context of several years of delays and several attempts to draw a line under it - each time trying to reassure the market that it was under control and then later coming back with more losses.

At the end of the day that upsets owners as they lose faith in the management - after all the management don't actually pick up the tools and do the work - their job is getting a control of the situation and reporting it accurately.

[sbs] 07/11/2018 07:36

This waste for power is much better than landfill or shipping it to China. I hope it succeeds.If they started the project in 2009, a month here or there seems relatively minor too.

[windrushg] 06/11/2018 23:13

Things are a bit annoying lately for many of us who are in the same boat. We should be careful though as some of the suggestions are possibly sailing close to the wind in regard to the laws on libel. I'm sure the BOD are doing everything in their power to extricate the company from EFW etc etc. Okay,the level of Shorts has nudged up due to Brightsphere's small increase but that does'nt mean the trend downwards has changed.For example, If say squarepoint reduced by just 0.08%,then 0.57% would be knocked off Shorttrackers reported level of Short positions,owing to the fact that only holdings at 0.5% or above are reported. I'm sure it's only a matter of time before possibly 2 or 3 positive RNS's are forthcoming! Last results were in line with expectations and the P/E is <2.Peel Hunt has a Strong Buy rcommendation and a TP of 140. GLA Holders!

[skyblue5] 06/11/2018 22:23

Inside deals and back handers. Way above my anti corruption training on E Learn.

[cfc1] 06/11/2018 20:47

fenners I think what we have is STONY silence from the management team. NOTHING of any note for weeks.
You are right - they are paid huge packages and so far all we have seen is expensive new loan terms arranged.
CEO said Interserve would "draw a line under EFW" and move on from it in 2h 2018 - not happened. NO disposals of any note and nothing to write home about.

All very sad, frustrating and worrying.

Obi - no idea about sells/buys or what causes Brightspere to reduce then suddenly increase.

I still maintain I see NO SALES leadership at all at Interserve. Perhaps all they ever did was 'win' business at pathetic or even -negative margin!

[obiwoncanary] 06/11/2018 17:18

Buy sell can’t be right...this share makes no sense at all

[obiwoncanary] 06/11/2018 16:52

Another rubbish day, brightspere increasing again :-(

[fenners66] 06/11/2018 15:05

Well do you think so or not - with reasons?

At the end of the day they can put together statements like , "fit for growth" selling off assets , ending EFW but its actions that save the company, not forecasts.

The debt is not sorted out. The interest rate from the over a barrel deal is eye-watering and the way out is to sell assets , reduce losses and pay down the debt.

You have got...... Directors' bonuses .
No major assets sales.
No end to to EFW losses (at least in line with the revised forecast).
No major debt repayment or cheaper replacement (that we are aware of) .

If this was my company I would be questioning those that I had allowed to be custodians of my assets , what the heck they are doing about it , besides paying themselves more?

But of course this is a PLC and as we know major shareholders - mainly institutions are not risking their own money - so they do not get around to asking awkward questions.

That leaves the private shareholders who are to insignificant in terms of votes to take any notice of.

End result - carry on - business as usual.

Meanwhile some Have to sell - at a loss.

Its time Directors delivered - just because I did not trust them to be able to deliver , so did not invest , does not mean I can't be outraged at a board that awards itself a bonus - just for turning up !

[eodfire] 06/11/2018 13:41

I'm sure you're hoping for it Fenners.

[fenners66] 06/11/2018 13:33

So do we assume there will be more un-budgetted losses for at least post September then ?

[cc2014] 06/11/2018 08:40

Hand over of plant in Derby had been due by end of September

Waste bunker and grab

Interserve has run into more problems on an energy-from-waste contract after failing to hand over a scheme in Derby when it said it would.

The firm is in a 50:50 joint venture with waste management firm Renewi to carry out work on the £145m scheme at Sinfin.

The JV, called Resource Recovery Solutions (RRS), had originally been due to finish the scheme for Derby city council and Derbyshire county council at the end of last March after signing up to the deal back in 2009.

Interserve then told investors in its interim results published this August that it “anticipated handover [on the Derby plant] in the third quarter” – by the end of September.

But the firm has run into commissioning problems meaning the plant, which has been constructed and is processing waste, has yet to be fully commissioned for handover to the councils.

In a joint statement, the councils told Building: “This is a very complex contract that is at an important stage of development, given that the waste treatment centre is built and that RRS are in the latter stages of commissioning the facility.

“The councils are carefully monitoring the progress of commissioning and are in discussions with RRS about how they can get the waste treatment centre fully operational to meet the required capacity and performance requirements as soon as possible.”

Interserve said: “We continue to commission the plant in readiness for takeover. We will provide further updates in due course.”

In August, Interserve said it expected to complete its remaining energy-from-waste contracts by the end of the year after racking up £11m of more losses on the initiative in the first half.

The firm decided to pull out of the market more than two years ago after a number of jobs, notably a scheme in Glasgow which it was kicked off from back in autumn 2016, turned sour.

The firm, which had to complete a refinancing deal earlier this spring to cope with the losses, said it blew another £11.2m on its energy-from-waste business – on top of the £216m it has already had to weather – in the six months to June.

[aendjo] 06/11/2018 00:18

I would agree