Serco Share Discussion Threads

[paulof2] 16/12/2020 11:29

Feels great value given the last trading update. I feel like they don’t really have any excuse to not reinstate a dividend now so will look forward to that tomorrow.

[davethehorse] 16/12/2020 10:36

I was and still am until more clarity on earnings going forward but sub 120p think there is plenty of upside and minimal downside

[ianb5004] 15/12/2020 21:24

£10mil buy at 120p hope thats not a mistake.my explain why the share price was suppressed today to allow the fill.

[essentialinvestor] 15/12/2020 20:44

Dave, I thought you were cautious here from a previous comment you made ?.

[davethehorse] 15/12/2020 19:36

8.6m buy after hours

[davethehorse] 15/12/2020 12:29

Have topped up with a few more, fingers crossed

[ianb5004] 15/12/2020 09:25

Trading update Thursday 17th - will they announce a dividend? I’m not sure, the Q3 trading update was very strong with guidance lifted on revenue and profits but until covid is under control may be prudent to wait.

Baffling why the this is still trading at the bottom end of its range with such a strong guidance

[davethehorse] 15/12/2020 09:15

Looking jittery again pre update?

[davethehorse] 11/12/2020 09:11

Hopefully SRP a safe ish haven with this Brexit no deal talk unsettling the market.

[davethehorse] 03/12/2020 14:20

Was looking good earlier but must be being shorted?

[davethehorse] 02/12/2020 16:08

Can see SRP breaching the 120p level very soon with the FTSE looking like it's going to push higher now. All good for significant rise imo.

[davethehorse] 02/12/2020 09:56

Price target 140p to 160p after next update with 190p target mid 2021

[davethehorse] 02/12/2020 09:28

Can only think that there is still a seller around and a big ish overhang to clear. Price appears under pressure due to this and if so once cleared there may be a huge bounce on the cards. Next update will be key.

[davethehorse] 27/11/2020 10:03

Can't be long before the market re rates SRP, shares trading well below their true value imo. May the next update will be the catalyst.

[bc4] 26/11/2020 15:32

Yes trading update 2nd week in December

[davethehorse] 26/11/2020 12:29

Patience game here but with Gov public spending set to increase can only see upside now from these levels with others stocks looking over bought.

[davethehorse] 25/11/2020 13:25

Maybe, hard to say at present, should be one of the safer holds though at these levels, add on dips

[carer] 25/11/2020 13:15

I begin to feel this is going to take another three months before we see some movement upwards. The company needs to give out solid numbers and dividend before it recovers the share . at the moment it has been unfairly punished by negative sentiments or publicity. Take a brave soul to put more money in, then again, no risk , no gain.

[davethehorse] 25/11/2020 09:13

To me it looks like a share overhang exists with some institutions, once they clear and we go through 120p we should see 150p+ again pretty quickly.

[davethehorse] 25/11/2020 09:03

Looks like a decent opportunity to get in if not already at this price, surely oversold in current market and more scope than many now to rise off the back of the recent drop.

[bc4] 24/11/2020 13:43

Can we stay above 120p if so could be on are way back to 150p

[rimau1] 19/11/2020 10:48

May also get a boost from government defence spending (UK and Australia in particular)

[ianb5004] 19/11/2020 10:39

Serco Group PLC (LON:SRP), the outsourcing group that is running large parts of the UK government’s coronavirus (COVID-19) test-and-trace and virus testing services, has upgraded its full-year profit guidance after enjoying strong revenue growth and clamping down on costs in the past three months and said it may restart dividend payments.

In the UK, the FTSE 250-listed group has been awarded extensions to its contracts to provide test sites and call handlers for test and trace, which it claimed was “an indication of our customer's satisfaction with the quality of work we have delivered”.

With cash generation in the third quarter of 2020 better than expected and after recently raising £154mln from US investors, the outsourcing group said it intends to soon repay the government VAT deferrals and make a decision about its previously withdrawn dividends.

For the full year, Serco said it now expects to generate revenue of around £3.9bn and an underlying trading profit of £160mln-£165mln, representing organic growth of around 15% and over 30% respectively.

The wide range for the profit guidance is because some contracts customers are adjusting their requirements week-by-week because of the shifting sands of coronavirus restrictions.

Serco, which also runs immigration detention centres in the UK and Australia and has a Medicare & Medicaid services contract in the US, said all of its regions worldwide are performing better than it had expected.

In the UK there have been increases in the number of asylum seekers looked after on behalf of the Home Office, while its new UK prisoner escorting contract has also started, and in Australia restrictions on movement as a result of COVID-19 has meant additional work.