Serco Share Discussion Threads

[dancing piranha] 18/6/2023 19:15

Disgusting company!

[brain smiley] 15/6/2023 16:17

Trading statement due on June 29th.

Some large contracts up for renewal this year(according to brokers).The uncertainty and perhaps loss of contracts is causing the price declines ?

[srichardson8] 27/4/2023 18:56

for the record I attended the AGM in Hook today. My overriding impression was very good, the recently appointed CEO seems extremely able. He spent ten years with the company in Australia, came to the UK in 2020 to take over as CEO UK and Europe and stepped into the full CEO position in January this year.The chairman is delightful and very experienced, as is the CFO.There were not many private investors present but we asked a few questions. They seem to be on track to (at least) meet guidance - despite currency headwinds - helped by growth in the USA. There is still something of a hangover in the comparative numbers from the end of their involvement in the UK track and trace covid project which should be remembered when the (expected) modest revenue growth for this year is considered.They are obviously spending a lot of energy into nurturing their own staff (50,000 employees!)whilst giving their (largely) governmental clients a good service in hugely difficult areas - immigration, prisons, military bases and so on.One feels Serco is in safe hands following the departure of Rupert Soames. We shall see but I suspect the rather weaker recent price performance is a result of Soames' leaving the company (he has sold some shares but still holds a fair bit) and the flatter expected trajectory of f2023 results sans covid. But the recent record is good and I hope this will continue whatever political backdrop awaits us all.

[18bt] 28/2/2023 07:37

Strong results - broadly inline with expectations and a decent beat on EPS. Better on net debt and a new £90m buy back. Looks like they have left themselves room for upgrades in guidance as the year progresses. Can't see any reason for the falls from the 170p area of the last few weeks. dividend yield is almost back into the respectable area.

[wilksey1] 15/2/2023 09:35

does anyone know why serco share price is doing so badly,seems like its fell off the cliff since soames said he was retiring

[18bt] 15/12/2022 07:53

Rupert Soames is bowing out on a high. Nice quote from him which is clearly him rather than just the normal PR. Very little debt allows for either acquisitions (hopefully earnings enhancing) or increased divis. Happy retirement...

[blackhorse23] 20/9/2022 15:13

Another excellent dividend stocks with no debt CURY (LSE). https://www.google.com/amp/s/capital.com/amp/cury-currys-share-price-double

[medieval blacksmith] 12/9/2022 11:20

Yes, Soames one of the best in the business. I took the opportunity to add to my position. Business is still in good hands.

[palwing32] 12/9/2022 11:16

hTTps://www.theguardian.com/business/2022/sep/12/serco-chief-to-retire-rupert-soames-outsourcing?amp

[cerrito] 12/9/2022 10:04

Says a good deal about the respect that Soames that the price falls so much on news of his upcoming exit.

[wilksey1] 05/8/2022 12:07

whats with the big fall, results where as expected anyone know,,

[steve3sandal] 04/8/2022 07:41

Newbie here yesterday. I'll post if I have anything to add. GLA.

[18bt] 04/8/2022 07:36

And another small upgrade on v strong first half - impressive to replace Test & Trace revenues. Strong statement of justification why the growth should continue. I doubt these shares will ever be popular - too many left wing detractors, but SRP will have a 5 year record of profitable growth by the end of the year and the horrors of 2015-17 are receding into the dim and distant..

[18bt] 15/7/2022 07:43

I mised the announcement in May that SRP had bought Sapienza Consulting from TP Group for what looks like a bargain price. Sapienza is A leading European provider of Workforce Solutions Services and Technologies to demanding clients in high-tech, high-reliability, and critical sectors such as Space, Defence and Security. TP bought it for €10m and sold it for €3.2 2 years later. It won't move the dial much but it shows that there are some bargains to be had from smaller companies if you keep your eyes and ears open.

[leadersoffice] 04/7/2022 14:50

Was buying these when they were down and out and stuck with it even adding every month for three years. I'll be happy once we get over £2 a share. Good luck

[ram376s] 04/7/2022 10:30

Covid share gdr .

[undervaluedassets] 14/6/2022 08:42

Cheapest stock I own.

[wynmck] 01/6/2022 13:11

Jeffries raise tgt price to 215 (from 185) Buy

[medieval blacksmith] 27/5/2022 10:21

Rupert Soames is one of the best ATM IMO.

[undervaluedassets] 27/5/2022 09:56

The recovery story here is developing nicely.

PE ratio of 6-7 modest given growth and outlook. (average pe 10-15 years ago was between 25 and 35)

Very well respected management is producing results

[estienne] 26/5/2022 16:00

Full year 2022

We now expect reported revenue of GBP4.3bn-GBP4.4bn in 2022 as a whole and reported Underlying Trading Profit of around GBP225m, significantly ahead of our expectations set out at the time of our full year results in February, and approaching the levels reported in 2021. Revenues in the second half are expected to be similar to the first half, with the year-on-year reduction of GBP260m of Test & Trace revenues being offset in large part by increases in Immigration and other programmes around the world. Overall, we expect organic revenue growth excluding UK Test & Trace to be about 6% in the second half. As in 2021, we expect second half margins to be lower than those in the first half due to seasonality and mix.

Serco is well protected against inflation. Although it is hard to forecast the precise impact on revenues and costs, the nature of our contractual arrangements with our customers means we do not expect costs to increase faster than revenues, although there will be timing differences between indexation and cost increases.

[wilksey1] 09/5/2022 09:49

wynmck, thanks for that just fired a email over see what they say......