Serco Share Discussion Threads

[davethehorse] 08/5/2015 10:04

Decent rise this morning - any reason?

[davethehorse] 07/5/2015 12:26

Still stuck in its down trend and probably still being shorted. Can see it dropping back to the 100 to 110p sort of level before it shows a recovery IMO

[junglee] 05/5/2015 15:05

AGM tomorrow. Rupert Soames unlikely to disappoint after the RNS of 30 April stated: Rupert Soames, Group Chief Executive Officer, said: "The successful completion of our Rights Issue and refinancing has now delivered a much stronger balance sheet and therefore an appropriate foundation on which to implement our new strategy. Our focus now is to walk the path to recovery and repay the confidence and support shown to us by our shareholders and lenders." I wonder if there would be any update other than the ussual resolutions passed RNS but hopefully there would be bullish noises made at the AGM. Anybody attending who could report? Thanks

[bugle4] 27/4/2015 12:06

I suspect not till after the Agm

[farmsted] 27/4/2015 11:37

This is a falling knife,were now the turn around after todays fall

[junglee] 23/4/2015 16:27

If it jumps again tomorrow to get into the 140-150 interval, then perhaps it is making a turnaround....I expect more notes like from Liberum today recommending the stock with target prices 170-200p leading to the AGM which would provide further impetus. I wonder if/when JP Morgan Cazenove, the housebroker, would have its report. Good, the thread is so quiet! DYOR

[bugle4] 23/4/2015 14:42

Well for better or worse I've just dipped my toe. Only a small amount (very small), just enough to keep me focused.

Trying to catch a falling knife can be painfull but I need to own to stay alert and imo mid to long term Soames will turn this around.

GLA NAI DYOR

[davethehorse] 23/4/2015 14:08

There was a sudden spike down this morning but it has recovered now - not sure if its time to buy in big just yet, that's very hard to predict, but maybe its time to start accumulating a few

[bugle4] 23/4/2015 13:26

Serco Group plc (LON:SRP)‘s stock had its “hold” rating restated by research analysts at Liberum Capital in a report released on Thursday. They currently have a GBX 170 ($2.54) target price on the stock. Liberum Capital’s price target would suggest a potential upside of 27.53% from the company’s current price.






Was that the bottom, do I buy now or wait for the AGM?

[davethehorse] 23/4/2015 10:21

Going into freefall again after the bad news of a few days ago...

[junglee] 22/4/2015 23:03

If short-covering true, then it could bounce back rapidly. Also, I would expect analyst notes soon on post-rights, recapitalised Serco.. Forthcoming AGM in a couple of weeks time should also attract attention to Soames' turn-around plans and actions.

[bugle4] 22/4/2015 15:58

Are shorts closing or was the reduction a facet of the rights issue?

[bugle4] 22/4/2015 14:32

Short term you may well be correct karmastuartra.

I can't help but feel that Rupert Soames will turn this ship, contract wins continue to come in (as do some loses), and that there is some considerable value here mid to long term.

It's just finding the bottom and timing it right that's the hard part.

[junglee] 22/4/2015 14:17

Although the chart doesn't look pretty, Rupert Soames has impeccable credentials for turning around this company. AGM on 6 May.

[karmastuartra] 22/4/2015 13:19

More pain to come for shareholders IMO.

[rabbar] 17/4/2015 14:20

EXPECTED TIMETABLE OF PRINCIPAL EVENTS
Each of the times and dates in the table below is indicative only and may be subject to change.(1)
Publication and posting of this document, the Notice of
General Meeting and the Form of Proxy . . . . . . . . . . . . . 12 March 2015
Rights Issue Record Date .......................... close of business on 26 March 2015
Latest time and date for receipt of Forms of Proxy ....... 10.00 a.m. on 26 March 2015
General Meeting ................................ 10.00 a.m. on 30 March 2015
Despatch of Provisional Allotment Letters (to Qualifying
non-CREST Shareholders only)(2) . . . . . . . . . . . . . . . . . . 30 March 2015
Publication of notice in the London Gazette . . . . . . . . . . . . 30 March 2015
Existing Ordinary Shares marked ‘‘exR17;’ by the London Stock
Exchange .................................... 8.00 a.m. on 31 March 2015
Dealings in New Ordinary Shares, nil paid, commence on
the London Stock Exchange ...................... 8.00 a.m. on 31 March 2015
Nil Paid Rights credited to stock accounts in CREST
(Qualifying CREST Shareholders only)(2) . . . . . . . . . . . . . as soon as practicable after 8.00 a.m. on
31 March 2015
Nil Paid Rights and Fully Paid Rights enabled in CREST . . . as soon as practicable after 8.00 a.m. on
31 March 2015
Recommended latest time for requesting withdrawal of Nil
Paid Rights and Fully Paid Rights from CREST (i.e. if
your Nil Paid Rights and Fully Paid Rights are in CREST
and you wish to convert them to certificated form) ...... 4.30 p.m. on 10 April 2015
Latest time for depositing renounced Provisional Allotment
Letters, nil or fully paid, into CREST or for
dematerialising Nil Paid Rights or Fully Paid Rights into a
CREST stock account (i.e. if your Nil Paid Rights and
Fully Paid Rights are represented by a Provisional
Allotment Letter and you wish to convert them to
uncertificated form). ........................... 3.00 p.m. on 13 April 2015
Latest time and date for splitting Provisional Allotment
Letters, nil or fully paid ......................... 3.00 p.m. on 14 April 2015
Latest time and date for acceptance, payment in full and
registration of renunciation of Provisional Allotment
Letters ...................................... 11.00 a.m. on 16 April 2015
Results of Rights Issue to be announced through a
Regulatory Information Service . . . . . . . . . . . . . . . . . . . . by 8.00 a.m. on 17 April 2015
Dealings in New Ordinary Shares, fully paid, commence on
the London Stock Exchange ...................... 8.00 a.m. on 17 April 2015
New Ordinary Shares credited to CREST accounts . . . . . . . as soon as practicable after 8.00 a.m. on
17 April 2015
Despatch of definitive share certificates for the New
Ordinary Shares in certificated form . . . . . . . . . . . . . . . . by no later than 24 April 2015

[bugle4] 17/4/2015 13:25

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.

[junglee] 15/4/2015 11:37

should be back again to 150+ when news is confirmed tomorrow of near full take-up of the rights. DYOR.

[junglee] 09/4/2015 22:55

Treeshake today..should bounce back towards 150 as the rights completion nears. With good premium of nil rights, a very high take-up is a certainty and the strengthened balance sheet should set the course for a steady recovery in this company's fortunes,IMHO.

[farmsted] 09/4/2015 08:21

130p here we come and even lower if Labour win the election

[typo56] 31/3/2015 11:48

It may well drift down, just I don't see why there should be psychological support at 101p. Perhaps the market is more stupid than I'm giving credit for! Anyone taking up the rights now is effectively paying 138p (101p plus the 37p they could have got selling their nil paid shares). As usual, there's no advantage to them (apart from stamp+dealing costs) over buying ordinary shares in the market.

(I see I suggested three weeks ago that the nil paids could be worth about 40p)

[clemenm7] 31/3/2015 10:15

Sure, let's see where they drift in the next 3 months. I'm happy to sit and watch and wait for my target entry point (probably circa 105p)