Share Name Share Symbol Market Type Share ISIN Share Description
Serco Group Plc LSE:SRP London Ordinary Share GB0007973794 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  11.20 7.65% 157.60 157.10 157.30 164.60 153.70 153.70 13,954,986 16:35:15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 2,836.8 74.1 6.2 25.6 1,928

Serco Share Discussion Threads

Showing 1601 to 1624 of 1925 messages
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DateSubjectAuthorDiscuss
03/9/2015
01:56
Dealy, Sure they do pass on re minimum wage. What about the non statutory changes - in other words the knock-on effect higher up in the wage pyramid? That's going to be a hard bargain I think, to have these rises passed on and not absorbed I think. Anyway, the valuation still looks out of sync with the other body shops. 110p.
alphahunter
02/9/2015
16:19
Dealy.....copied and pasted from Interserve's half year results 12/8 We expect the premium to the National Minimum Wage announced in the recent Budget to have an initial adverse impact on margins in the UK Support Services segment of GBP10-15 million in 2016, receding over the next few years thereafter as the change is priced in to relevant contracts. I certainly wouldn't classify that as a non issue. I suggest you DYOR!
salpara111
02/9/2015
06:25
Contracts like this allow for price uplifts to be applied to cover statutory changes in minimum wage / social costs etc. Businesses are not expected to subsidise their customers. The minimum wage hikes won't take effect until 2018. I believe this is a non issue.
dealy
01/9/2015
10:30
Serco has secured a five-year extension to its deal with Norfolk and Norwich University Hospital (NNUH) to provide a range of FM services. The extension, which runs from August 2015 to August 2021, has a total value of £85 million over the five years. - See more at: http://www.fm-world.co.uk/news/business-news/serco-renews-85m-contract-with-norfolk-hospital/?#sthash.s78fa2OG.dpuf http://www.fm-world.co.uk/news/business-news/serco-renews-85m-contract-with-norfolk-hospital/?
bugle4
24/8/2015
14:58
Thanks Salpara. I think this theme is massively under acknowledged / under estimated by the market. I have started setting up a list of companies for shorting whose business models rely heavily on being able to leverage low-pay into their bids for contracts. On Serco, there are pass-on clauses but the company has recently alluded to wage inflation. So has John Menzies. I'm short on Serco - on valuation ground but I need to extend to three or four names as this one may be a crowded (short) trade.
alphahunter
23/8/2015
10:55
I guess it comes down to your investment time horizon. Guys like Templeton are looking at a 5 year time line and if they make a 20% return over 5 years then that will be a good result for them. The business is still cash flow negative which means that it is at least 2 years away from showing any sort of clean profit so for me I am not going to hurry. I owned Interserve which just got hammered when they acknowledged that the large rise in minimum wage was going to seriously impact their bottom line until they can renegotiate current contracts. I have yet to see any acknowledgement from Serco or Capita for that matter who are similarly exposed.
salpara111
20/8/2015
16:15
Slowly sliding to new lows now - no idea when it will find support...
davethehorse
13/8/2015
20:12
I shorted this one last year and put it to rest after the RI. I have just read the past ~100 comments from where I left it last, and not a single one on the recent wage growth in the UK, but plenty of comments the ups and downs in the share price... Pick-up in hourly earnings, gradual increase of the minimal wage,... and the company's ability to pass these on and beyond, is what will matter in the 12-18 months ahead IMHO. Yet Serco trades already at a whoping 35x 2016 EPS. Double their margin and you get a valuation about in line with other low added-value outsourcer here and beyond. In other words, the price already assumes a sharp and quick pick-up in margins at a time when inflation in the unit cost of labour at the bottom of the pay range starts creeping in... What is the bull case? Anyone with radically opposite opinion?
alphahunter
12/8/2015
21:45
Wait for the chart to confirm the bottom. Far better to lose a few % than to take the risk, from my recent experience here.
bamboo2
12/8/2015
21:37
Interesting. Something brewing?
junglee
12/8/2015
16:42
Templeton just managed to hoover up 7% of the shares on one swoop. Holdings up from 3% to 10%. More important than any chart
dealy
11/8/2015
11:14
Looks like SRP could stay at these sort of levels for some time while it stabilizes, no rush to buy IMO
davethehorse
11/8/2015
08:28
The chart is still ugly here - sideways channel
mbmiah
28/7/2015
15:07
Will this ever rise to 150p again?....
diku
24/7/2015
07:26
wrt New Zealand prison - very poor. However, the deal is salvageable apparently, but will cost serco more money and fines.
mbmiah
24/7/2015
06:12
In NewZealand, Serco administration of Mt. Eden prison to be taken back by local prison system staff because of unsatisfactory performance.
aspex
22/7/2015
10:32
120p again?...looking shaky...wouldnt rule out 100p being visited either...
davethehorse
22/7/2015
08:42
stopped out earlier note to self, wait for confirmation!
bamboo2
20/7/2015
21:38
This is on a thin wire act...
diku
18/7/2015
21:39
That chart looks good for 150p...
diku
15/7/2015
11:31
Looking uppity.
bamboo2
03/7/2015
15:09
Bought a few earlier.
bamboo2
02/7/2015
12:47
EOD close above 135 targets 150
bamboo2
02/7/2015
06:40
Who do have in mind dealy, a US company whichwould make sence
farmsted
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