Serco Share Discussion Threads

[davethehorse] 05/3/2013 11:52

Maybe - profit takers moving in now, should stabilise and stay above 600p now though which will be good news. Would think the drop out of FTSE 100 wont affect the share price much, the FTSE 250 trackers will be taking up the stock

[essentialinvestor] 05/3/2013 11:26

Will it keep it's place in the UKX though?, not sure -
looks like it may be relegated.

[davethehorse] 05/3/2013 10:07

However the Westhouse Securities broker note in December was spot on re a potential material re-rating :-)

[davethehorse] 05/3/2013 09:58

So much for the HSBC downgrade - shows how much they know LOL

[rafieh] 05/3/2013 08:28

Or maybe today!

:-))

[rafieh] 05/3/2013 08:19

This will reach 650 in a couple of weeks.

[philo124] 05/3/2013 08:15

Well done to al that were in!

[rafieh] 05/3/2013 07:15

Cracking set of figures and a very confident outlook.The dividend hike of 20% will not go un-noticed by City boys. The share price will break into new highs on the back of this bullish statement.

[megabear] 27/2/2013 09:00

Downgrade to neutral by HSBC. I thought Serco's average contract length would be about 8 years, so goes without saying that they have to renegotiate c12% of revenue this year and every year for that matter. Not sure why HSBC sees "meaningful uncertainty" on three of four contracts. Don't think the analyst at HSBC is up to much. He's underperformed the benchmark by 12% this year, according to Bloomberg and only ever seems to put neutral recs on stocks. Bit boring. Anyway, highlights of his note below:

"Serco Group - Downgrade to N: Contract Roulette
? Serco needs to renegotiate c12% of its current run-rate revenue over the next twelve months. We see meaningful uncertainty on three of its four major contract rebids
? This, combined with a modest UK public sector bidding pipeline, is likely to keep a lid on the company's re-rating
? We are modestly behind consensus for 2013e and 2014e, and downgrade to Neutral (from Overweight) with a revised TP of 590p (from 635)"

[deanroberthunt] 27/2/2013 08:09

whats with the fall ?

[davethehorse] 22/2/2013 14:36

An announcement today re a marine deal in Oz with DSM Maritime

[betman] 22/2/2013 13:58

Shares shooting up today continuing trend since early Jan. Cannot see any specific reason. Is this a general catch up with the market or is something else going on

[brain smiley] 08/2/2013 11:10

1985 the Birmingham contract.

[melody9999] 07/2/2013 08:17

and just waiting for the tracker funds to start selling

[davethehorse] 29/1/2013 17:41

Decent volume and tick up at the close today

[melody9999] 27/1/2013 23:59

Difficult to see how this will avoid the drop out of the FTSE100 as EZJ is storming ahead.

[uhound] 23/1/2013 12:41

Buy orders stacking up on L2 - May see rally towards the end of the day.

[uhound] 18/1/2013 10:03

Nice rise just now - results due early March.

[barryrog] 17/1/2013 21:54

well i'm still holding from 546p but its painfully slow progress.
fundamentals and technicals indicate it should be much higher.

[davethehorse] 17/1/2013 14:34

Agree UHOUND - nice steady progress off support and they look good for a decent rise from here

[uhound] 15/1/2013 10:54

Looks good value to me at this point.

Technical indicators tell me it's a buy now too!

[barryrog] 20/12/2012 16:26

it was about this time last year this went on a run from 460p to 600p, i had thought the bottom was 546p so i'm hoping that 540p was.

[miata] 08/12/2012 22:27

Most brokers seem to target upside from here and the downside to support appears limited to 510p.

Date Broker name New Price Old price target New price target Broker change
05-Dec-12 Westhouse Securities Add 549.00p 630.00p 630.00p Upgrade
30-Nov-12 Berenberg Bank Hold 547.00p - 600.00p New Coverage
29-Nov-12 Citigroup Buy 548.50p 670.00p 670.00p Reiteration
28-Nov-12 Jefferies Buy 547.00p 655.00p 655.00p Reiteration
27-Nov-12 Espirito Santo Execution Neutral 553.50p 560.00p 560.00p Reiteration
23-Nov-12 Shore Capital Buy 555.50p - - Reiteration
21-Nov-12 Oriel Securities Hold 554.00p 500.00p - Upgrade
19-Nov-12 Deutsche Hold 552.00p 600.00p 600.00p Reiteration
19-Nov-12 Credit Suisse Neutral 552.00p 650.00p 610.00p DownGrade
19-Nov-12 JP Morgan Cazenove Overweight 552.00p 662.00p 646.00p Reiteration
16-Nov-12 Seymour Pierce Buy 550.00p 700.00p 700.00p Reiteration
16-Nov-12 Morgan Stanley Equal-weight 550.00p 590.00p 590.00p Reiteration