Serco Investors - SRP

Serco Investors - SRP

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Stock Name Stock Symbol Market Stock Type
Serco Group Plc SRP London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.30 0.21% 140.90 16:35:06
Open Price Low Price High Price Close Price Previous Close
141.50 138.70 146.10 140.90 140.60
more quote information »
Industry Sector

Top Investor Posts

brain smiley: Perhaps some investors aren't keen on the USA defence work...if Biden reduces defence spending Serco could lose out?
srichardson8: I think and hope this is an oil tanker rather than a speedboat. Management comment seems realistic and informative and whilst (for instance) the forward price earnings doesn't look particularly cheap the return on capital now looks miles better, the balance sheet really quite good and the prospects for modest growth excellent. The pandemic impact this year and perhaps onward is difficult to ascertain, as acknowledged by the recent trading update, and there are some glaring bald patches - air travel related, leisure centres and so on. There may also be a simple market factor that investors, especially aggressive funds and individuals, have been and still are mnore prepared to buy what are pretty high growth/risk shares especially in tech. I cannot really understand why the Altman score, which measures bankruptcy risk, is so low and there hasn't been much institutional buying though I am reassured to see the small increase in the Blackrock stake. They are, imo, very conservative and very thorough. In short, it seems now to be a much better managed company with a low share price. Rather better, perhaps, than G4 which has effectively been taken out. Serco is only valued at £1.5bn (G$ much larger, £3.8bn, exit mutltiple around x16) which really means it is a small cap despite >1bn shares in issue. I am guardedly optimistic.
ianb5004: Serco Group PLC (LON:SRP), the outsourcing group that is running large parts of the UK government’s coronavirus (COVID-19) test-and-trace and virus testing services, has upgraded its full-year profit guidance after enjoying strong revenue growth and clamping down on costs in the past three months and said it may restart dividend payments. In the UK, the FTSE 250-listed group has been awarded extensions to its contracts to provide test sites and call handlers for test and trace, which it claimed was “an indication of our customer's satisfaction with the quality of work we have delivered”. With cash generation in the third quarter of 2020 better than expected and after recently raising £154mln from US investors, the outsourcing group said it intends to soon repay the government VAT deferrals and make a decision about its previously withdrawn dividends. For the full year, Serco said it now expects to generate revenue of around £3.9bn and an underlying trading profit of £160mln-£165mln, representing organic growth of around 15% and over 30% respectively. The wide range for the profit guidance is because some contracts customers are adjusting their requirements week-by-week because of the shifting sands of coronavirus restrictions. Serco, which also runs immigration detention centres in the UK and Australia and has a Medicare & Medicaid services contract in the US, said all of its regions worldwide are performing better than it had expected. In the UK there have been increases in the number of asylum seekers looked after on behalf of the Home Office, while its new UK prisoner escorting contract has also started, and in Australia restrictions on movement as a result of COVID-19 has meant additional work.
carer: I think the share price will not go any lower as some fund managers have sold for profits recently , hence the share price fell. At this level to sell , it does not make sense. Blackrock etc ahve still significant holdings here. I think it might be a good time to top up as the principle buy low sell high holds. It is futile for an individual private investor to derump or rump the share. The share has been punished enough for some negative reasons. I like the company has a global spread and seems to have solid orders in the pipeline.
spagboll: Chess, if I knew that I wouldn't be on here but congratulating myself on being a great investor in a bikini party conforming to safe distancing requirements, if that is possible. I would be interested to hear a chartist comment. Certainly a divi will help this immensely, not sure how much weight the awareness that it is very likely has but announcing contract wins will also help. There should be some sort of announcement next week or before regarding extending Track and Trace but whether that will be taken positively that it continues or negatively because it will be for lower numbers who knows. To be open I hold at the moment so I have a will for the price to go up!
spagboll: the way I look at the market a meagre but safe yield will be worth chasing. Interest rates will be nothing for ages. Many businesses will go bust or have rights issues that the private investor has no chance to participate in. Serco to me looks a potential safe steady income with room for growth, shame they didn't announce a divi in the results but I imagine that was due to the negativity on track & trace, if they had they risked even worse headlines and bad press for the govt. I watched the webcast and Rupert didn't do the company any favours, basically saying he has no idea what will happen in the future - when clearly he has more than you or I do. The analysts seem to like the webcast though as they then put out Buy recommendations. Presumably as Rupert is dealing with govts he can't say anything, they need to trust him and Serco. Bad press around at the moment doesn't help. But I see Serco employing people, is it 12,000 for Track and Trace, that has to be better for a govt than them being on unemployment benefits so it helps the govt look good by keeping the work going otherwise the unemployment rate will be way higher. The Furlough scheme has to end so if they can give people jobs, even if they are having to pay for them anyway it looks a lot better and the agreement with Serco is they take an agreed tiny % so to me that is good for all. The tiny % seemed ridiculous to me, the webcast indicates what it is but a small % of hundreds of millions is worth having I guess especially as there is minimal risk to it. That is my take on it. Not sure when Serco will rebound but I have confidence it will and importantly in terms of cash it does appear in great shape.
chess123: Goodmorning everyone, I see there was an Rns Regarding BlackRock buying shares this morning any thoughts on this, blackrock tend to short stocks so any savvy investors opinion would be appreciated.
hawaly: The Questor Column: Serco shows renewed health as turnaround plan lifts profits and cuts debt: After a strong 2016 support services group Serco is slowly rehabilitating itself. Fresh progress toward Chief executive Rupert Soames’ revenue growth and profit margin targets could lead to further share price gains for patient investors. According to analysts’ forecasts sales may have bottomed last year at around £3billion and, although only minor improvements are expected in 2017 on the revenue front, profits are already on the rise. Return on sales reached 3.3% at the first-half results, on an underlying basis. December’s 10-year framework contract from the Barts Health NHS Trust suggests the company may finally be emerging from the Government’s doghouse after the criminal tagging overcharging fiasco. Further big deals would be a further assertion of Serco’s return to health. However, President Donald Trump’s plans to repeal and replace America’s Affordable Care Act, or ObamaCare, must be watched, as Serco does work for the scheme. Finally, net borrowing fell to just £120 million at the end of the first half compared with £682 million when Mr. Soames took over, owing to 2015’s rights issue and the self-help programme. Serco is not without its risks and the profit targets may only be met in two to three years’ time but Serco looks to be on the way back. Questor says ‘Buy’.
bugle4: Investors have welcomed evidence that the turmoil outsourcer Serco has had in the UK over the last 18 months hasn't dented its ability to retain business in the US. Shareholders in troubled outsourcing giant Serco have backed its attempt to plug the hole in its balance sheet with a £555m rights issue. The company announced it had shareholder approval for the move which will see 549m new shares issued.
bigbigdave: SHORT-SELLERS are betting on more bad news from the struggling outsourcer Serco despite its share price climbing 25% this year. The company, which is attempting to rebuild under chief executive Rupert Soames after a string of scandals, has told investors it must raise up to £550m through a rights issue next month, as well as sell assets. Interest from short sellers, which bet on a company’s share price falling, has been high since Soames warned in November that investors would have to bail out Serco for the second time in a year. The percentage of Serco’s shares on loan peaked at 13% late last month, according to data from research company Markit. That figure dipped earlier this month as a surge in the share price forced some short-sellers to reduce their positions, but has since risen again to 11%. Http://
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