Serco Share Discussion Threads

[mallorca 9] 06/8/2020 14:27

Topped up.

Now the biggest holding in my SIPP.

'Exceptional Financial Performance'.

So many government Contracts all over the world.
High profit margins.
Strong balance sheet.

For me it's one to take a fair stake in and tuck it away.

[redalert] 06/8/2020 14:15

chess123 - i just looked on shorttracker, no short positions showing. regards. RA

[davethehorse] 06/8/2020 14:14

Short term can see this dropping back to 130 levels though

[smithless] 06/8/2020 14:07

Fall looks way overdone,but we live in weird times. Well worth tucking away at this price IMHO

[phillkay] 06/8/2020 14:04

RSI 40, let's see how things progress towards the close.

[phillkay] 06/8/2020 13:31

Interestingly, Liberum have still maintained a buy rating and 180p target, so unless this radio show thing is having an impact, this could indeed be a buying opp and we are seeing loose hands and profit taking.

[chess123] 06/8/2020 13:30

I've found the details Re Dividends, it was 1p, surely 14% drop with such good results is totally unwarranted, going to check short positions.

[palwing32] 06/8/2020 13:25

Agreed...buy the dips imo.

[brain smiley] 06/8/2020 12:56

Liberum have cut the 2021 EPS by 7 percent.Nothing to do with a radio show but a downbeat statement.

[mallorca 9] 06/8/2020 11:46

Driving the share price down.
What a buying opportunity.

[mallorca 9] 06/8/2020 11:45

Serco getting battered.
They are going to have to put somemone up onto the show as it's everyday.
Problem is the answers to the questions asked are probably government sensitive.

[mallorca 9] 06/8/2020 11:33

Chess ,
my feeling is that it will be announced in the full year results.

SP may be well over £2 by then

[mallorca 9] 06/8/2020 11:31

Serco section just about to start on Talk Radio - Mike Graham .
Live on You Tube or listen on your radio / laptop

[chess123] 06/8/2020 11:07

Mallorca 9:
Any idea what the dividend will be if reinstated later this year and when most likely to be paid Christmas would be nice, I've searched and can't see anything, Many Thanks.

[davethehorse] 06/8/2020 11:06

Great 1st half due to effects of contracts kicking in from last year. 2nd half likely to be more difficult imo

[mallorca 9] 06/8/2020 10:32

The Mike Graham show is also live (now) on You Tube - search Talk Radio.

Lot's of mention of Serco - is going to be the main subject in the 2nd half of the show.

[chess123] 06/8/2020 10:16

Rupert Soames, will be giving an interview at 13.30 live on sky news, hopefully if says Dividends could be restored this year, will help the share price can't believe the fall Down over 12%

[mallorca 9] 06/8/2020 09:28

Tune into Talk radio at 10am.

It's actually a great show (Mike Graham) but at the moment it's largely about Serco.

He say's that his campaign will go on and on until Serco talk to him.

[scepticalinvestor] 06/8/2020 09:25

Hmm decent results - missed forecasts?

[saltaire111] 06/8/2020 09:24

No divi kills 12% of company’s value. Let that be a lesson to others!


Salty

[redalert] 06/8/2020 09:07

thanks for that info mallorca. in virtually the first sentence he describes serco as being 'owned' by Rupert Soames - hard to take seriously RA

[phillkay] 06/8/2020 09:07

Didn't know that, good to know.

[phillkay] 06/8/2020 09:06

No certainty of dividend and some downbeat comments about future virus impact on revenue versus the offset by gaining work supporting it, the latter being more unpredictable. That said, these earnings and this drop have lowered the PE and there is strong support at 150, so I don't think it will drop much lower than that, apart from the usual drift caused by lack of momentum.

[mallorca 9] 06/8/2020 09:01

If you tune into Talk Radio at 10am for the Mike Graham show you will see that they have launched a campaign against Serco due to Serco carrying out the Government Contract for processing / housing the 48000 Asylum seeking currently in the country and those arriving every day.
It's a huge issue and Mike Graham is leading a campaign to find out what is going on.
At the moment Serco's name is being dragged through the mud.

[nsolo] 06/8/2020 08:54

To Ducktack. Please get your facts straight. I'm no apologist for the Soames family but Nicholas Soames hasn't "been in government" for many years and retired from politics last year having had the whip withdrawn. Rupert S has been in business all his career and hasn't got to where he is now on just his "connections" (which it must be admitted are pretty gold plated). SERCO doesn't make government policy it just provides services to them and others under contract.

Can any one explain why the share price has dropped 10p?