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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Serco Group Plc | SRP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.50 | 0.28% | 181.90 | 16:35:07 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 182.30 | 181.00 | 182.60 | 181.90 | 181.40 |
| Industry Sector |
|---|
| SUPPORT SERVICES |
| Top Posts |
|---|
Posted at 27/4/2023 18:56 by srichardson8 for the record I attended the AGM in Hook today. My overriding impression was very good, the recently appointed CEO seems extremely able. He spent ten years with the company in Australia, came to the UK in 2020 to take over as CEO UK and Europe and stepped into the full CEO position in January this year.The chairman is delightful and very experienced, as is the CFO.There were not many private investors present but we asked a few questions. They seem to be on track to (at least) meet guidance - despite currency headwinds - helped by growth in the USA. There is still something of a hangover in the comparative numbers from the end of their involvement in the UK track and trace covid project which should be remembered when the (expected) modest revenue growth for this year is considered.They are obviously spending a lot of energy into nurturing their own staff (50,000 employees!)whilst giving their (largely) governmental clients a good service in hugely difficult areas - immigration, prisons, military bases and so on.One feels Serco is in safe hands following the departure of Rupert Soames. We shall see but I suspect the rather weaker recent price performance is a result of Soames' leaving the company (he has sold some shares but still holds a fair bit) and the flatter expected trajectory of f2023 results sans covid. But the recent record is good and I hope this will continue whatever political backdrop awaits us all. |
Posted at 09/5/2022 09:33 by wynmck ask Investor Relationspaul.checketts@serco |
Posted at 03/11/2021 16:25 by coxsmn SRP should return 40-50% of earnings as a dividend for investors to get interested. Why bother with 0.8p. |
Posted at 19/2/2021 10:01 by brain smiley Perhaps some investors aren't keen on the USA defence work...if Biden reduces defence spending Serco could lose out? |
Posted at 15/1/2021 14:01 by 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. |
Posted at 19/11/2020 10:39 by 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. |
Posted at 17/8/2020 10:56 by 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. |
Posted at 12/8/2020 15:19 by 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! |
Posted at 12/8/2020 13:05 by 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. |
Posted at 10/8/2020 10:42 by 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. |
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