Serco Share Discussion Threads

[mbmiah] 18/6/2015 23:31

Are they allowed to bid for gov contracts?

[dealy] 18/6/2015 09:50

I expect the opposite to happen. The company has raised so much equity capital in the last 2 years. Its business should be benefiting from a pick up in global growth. I expect a big bounce on results day and i am buying now.

[davethehorse] 18/6/2015 09:41

Me too, looks like heading back to the 100p level in the short term, especially if half year results disappoint as the analyst note suggests

[hybrasil] 18/6/2015 09:01

I will buy if it hits the placing price of 1.01

[mbmiah] 17/6/2015 21:44

The Chief bought at 138.....hmmmm

[diku] 16/6/2015 23:12

Maybe the food wasn't very good!!..dinner at who's expense?...

[junglee] 16/6/2015 11:30

Thanks dave. Any further news/leak from last night dinner of the analysts with the FD?

[dealy] 12/6/2015 15:19

all time low? so the election hasn't helped. the improvement in the balance sheet hasn't helped. the improvement in the world economy hasn't helped.

that says "buying opportunity".

[diku] 12/6/2015 13:39

RSI grossly oversold...

[davethehorse] 12/6/2015 11:42

Heading back towards 120p levels it seems - very weak in the market...

[bugle4] 09/6/2015 16:26

The only saving grace is that the wider market is down.

Only a third the average daily volume as of 16:21

Long term prospects good I believe, just need the wider market to see that.

I'm in the red on a very small number of shares, I'm convinced that Sir Rupert will turn this ship but I think I'll wait for the chart to show a turn around before buying any meaningful numbers.

[davethehorse] 09/6/2015 15:05

Looking weak again..

[scobak] 01/6/2015 21:24

Spot on. Perhaps I am just in a pessimistic rut and expecting the worst.

[bugle4] 31/5/2015 21:38

SP rose on Friday when the story broke scobak I can't see this afecting share price too much tomorrow.

[bugle4] 29/5/2015 11:41

Serco completes sale of Great Southern Rail

Outsourcing group Serco has completed the sale of "luxury" long-distance rail service Great Southern Rail for £2.5m to Australian private equity firm Allegro.
The FTSE 250 group, which issued two profit warnings in 2014, had originally announced the deal on 30 March, citing the need to narrow its focus as the reason behind the sale.

Serco "needs to concentrate on its core as a leading supplier of public services and we cannot provide the focus and investment [Great Southern Rail] needs to survive", group chief executive Rupert Soames said in March.

Serco shares were 0.55% up to 137.65 at 08:03 on Friday

[bugle4] 28/5/2015 16:22

Speaking of the New Chairman.


Sir Roy will take over as non-executive chairman on July 1, ending a six-month search to replace Alastair Lyons after he announced plans to step down in November, saying he took ultimate responsibility for the group's "strategic and operational missteps".

[junglee] 28/5/2015 13:31

Thanks Bugle for the link which concludes by saying "Serco is now on a more financially stable footing to pursue its strategy of transformation and at 137.8p is below its theoretical ex-rights price of 153.7p. Having put himself forward for the job, I believe Rupert Soames has positioned the company for renewed growth. Near term target are seen at 144.7p, 157.6p and 170p, while traders might consider a stop-loss at 131.7p to minimise risk."

Things are happening at serco with a new highly experienced chairman in the mould of ceo and fd. Still the price languishes below the recent purchases by ceo. I surmise that the new chairman would also wade in with some purchase. Market needs to wake up...

[diku] 12/5/2015 09:16

Good to see CEO buy shares...150p anybody?...

[junglee] 08/5/2015 14:30

outsourcers to benefit; also good contacts of Rupert Soames with the Tory govt.

[davethehorse] 08/5/2015 13:50

Probably, if so will be short lived

[ed 123] 08/5/2015 11:29

Election result?