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
  2.40 1.63% 149.40 149.90 150.00 150.00 146.50 147.70 2,556,976 16:35:06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 2,836.8 74.1 6.2 24.3 1,828

Serco Share Discussion Threads

Showing 1726 to 1748 of 1925 messages
Chat Pages: 77  76  75  74  73  72  71  70  69  68  67  66  Older
DateSubjectAuthorDiscuss
16/6/2016
17:04
I always thought the rise from the low 90's into the 110's in response to the positive trading statement was a bit strange. They announced an extra £15m profit for 2016 but since it was non-recurring 2017 and beyond forecast was unchanged. Yet the market bid up the market cap by c£200m. It's like me finding £15m down the back of my sofa and mr market offering to buy it off me for £200m. If I had found a goose down the back of my sofa that laid golden eggs each year worth £15m then £200m might be a good price but not since it was a one-off. Maybe mr market is now realising they paid £185m and all they got was a sofa!
dangersimpson2
16/6/2016
16:15
Mmmm...going sub 100p again or holding..???
davethehorse
25/5/2016
15:22
Very good RNS today, profits upgrade from expected 50m to 65m for this year. TIDMSRP RNS Number : 2314Z Serco Group PLC 25 May 2016 Update on 2016 financial performance 25 May 2016 Serco Group plc (Serco), the international service company, today provides an update on financial performance which has been stronger than we anticipated in the first four months of the year. This is in large part due to the successful outcome of a number of commercial negotiations. The nature of most of the items driving the stronger performance is that they will sharply increase profits in the first half, but will not repeat in subsequent periods. As a result of this we now expect Underlying Trading Profit for 2016 to be ahead of current market expectations. We had previously anticipated Revenue of approximately GBP2.8bn and Underlying Trading Profit of approximately GBP50m. Our latest reforecast indicates Revenue of approximately GBP2.9bn and Underlying Trading Profit of not less than GBP65m, though the outcome remains dependent on many factors over the balance of the year. The increase in guidance for 2016 does not change our view of the likely outcome for 2017. The stronger outlook for 2016 is driven by: -- Several contracts that were anticipated to end early in the year have run-on longer; these include the Virginia transport (VDOT) and US Army transition assistance (SFLTAP) contracts. -- On contracts which we have already exited in the year-to-date, most notably Northern Rail, the final settlement arrangements are likely to be more favourable than we had originally budgeted. -- Within continuing operations, there are several contracts where either current trading is better than we expected, or the conclusion of certain negotiations has enabled us to update our assumptions. These include AWE, where we have reflected the outcome of its contract year to 31 March 2016 and updated forecasts for the expected timing of the change in Joint Venture shareholding arrangements. Amongst other contracts, a programme supporting defence logistics in the Middle East has seen significant upside from higher-than-expected volumes. -- Within our internal shared service operations, some items of expenditure budgeted for the first half have been deferred. We are also running ahead of our plans to mitigate losses and stranded costs related to the residual UK onshore private sector BPO operations. -- Assuming current rates persist for the rest of the year, foreign exchange also benefits our most recent estimates of the likely outturn in 2016. Serco expects to provide a pre-close statement on 30 June, ahead of announcing the results for the first half of the 2016 financial year on 4 August. Rupert Soames, Serco Group Chief Executive, said: "It is encouraging that we are able to announce an upgrade to our guidance for the year, albeit that much of this improvement comes from items that will not recur. We must remain cognisant that, with underlying margins currently around 2%, our profits are a sliver of reward between two very large numbers - revenue and costs - tiny percentage movements in which can lead to large percentage movements in profits. There remains much to do in order to complete our transformation this year and next, but we are continuing to make good progress on the roadmap we have set out through to 2020." Ends
freddie ferret
04/3/2016
18:33
Sorry correction to my last post - RSI is already well above RSI 50. Just needs to break 200mda
essential
04/3/2016
18:31
It needs to break the 200dma and then it could be interesting as also about to break 50 RSI. Watching and waiting.....
essential
03/3/2016
12:24
It this a CR bowl forming?
palwing13
01/3/2016
13:31
still not in profit but the picture is getting rosier
hybrasil
25/2/2016
16:06
Wise move to trade out IMO, think they will drop back again and you will be able to buy back in cheaper ;-)
davethehorse
25/2/2016
15:45
I'll be back in at some point.
mallorca 9
25/2/2016
15:44
Yes, you may be right.
mallorca 9
25/2/2016
08:58
Mallorca, think you may have sold a bit too early!
swerves1
25/2/2016
08:32
Just sold for a very nice profit. The Company is being very well managed however the Market Cap is now approaching £1b with a forecast profit of only £50m ! I will be back at a later date.
mallorca 9
25/2/2016
08:22
Well there is the expected bump the question is can they sustain it given they have said that 2016 will see a deterioration of profitability. There is no doubt that they are turning the ship around but the problem is that the ship is bloody big! Their T/O is similar to IRV but they have a substantially higher market cap and IRV pay a divi of around 6% so I guess the question would be....why invest here at the moment.
salpara111
24/2/2016
10:25
Decent news but lost in this dire market...
davethehorse
24/2/2016
07:50
Great news ... and results out tomorrow.
mallorca 9
24/2/2016
07:10
Very positive rns
hybrasil
18/2/2016
10:39
Seems like there are still big stock overhangs to shift - SRP share price dropping quickly on any sign of weakness in the market, even on low volume
davethehorse
17/2/2016
14:07
Wouldnt get involved for a while yet personally - more carnage in the markets to come IMO. Short term bounce from oversold position then down again IMO
davethehorse
15/2/2016
14:44
Hybrasil. Surely shares are very very cheap? Look at post 1613. You may see your answer there. Consensus eps for 2015 is 2.74p, and 2.53 for 2016. What I can't understand is why the share price is falling so slowly. To me, a share price of 80p is a triumph of hope over reality.
ed 123
15/2/2016
09:56
Dave I have only just noticed that you set up this thread nearly 15 years ago. What do you think about srp now. Surely shares are very very cheap?
hybrasil
11/2/2016
12:36
SRP bucking the trend so far today...
davethehorse
09/2/2016
12:18
Not sure where SRP may end up valuation wise - looks like it will fall much further yet before there is any recovery in its share price IMO, very weak
davethehorse
03/2/2016
16:40
Looks like there may be a seller looking to offload a big chunk - down nearly 6%!
davethehorse
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