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SRP Serco Group Plc

153.40
1.10 (0.72%)
17 Jan 2025 - Closed
Delayed by 15 minutes
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 Shares Traded Last Trade
  1.10 0.72% 153.40 1,691,684 16:29:57
Bid Price Offer Price High Price Low Price Open Price
153.40 153.50 154.30 152.80 153.60
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
General Government, Nec 4.87B 202.4M 0.1977 7.76 1.56B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:26 O 11 153.40 GBX

Serco (SRP) Latest News

Serco (SRP) Discussions and Chat

Serco Forums and Chat

Date Time Title Posts
13/1/202508:00Serco - Time to Buy2,270
29/1/202108:53Serco5
12/11/201412:23$SRP.L – Serco – a dividend achiever gone wrong-
10/11/201414:22Possible support zone for Serco after warning-
14/8/201415:50SELL in Serco Group PLC (SRP.Lon)-

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Serco (SRP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2025-01-17 16:42:59153.401116.87O
2025-01-17 16:35:27153.4067,208103,097.07O
2025-01-17 16:35:26153.401,175,6491,803,445.57UT
2025-01-17 16:29:58153.402842.95AT
2025-01-17 16:29:55153.407321,122.89AT

Serco (SRP) Top Chat Posts

Top Posts
Posted at 18/1/2025 08:20 by Serco Daily Update
Serco Group Plc is listed in the General Government, Nec sector of the London Stock Exchange with ticker SRP. The last closing price for Serco was 152.30p.
Serco currently has 1,023,855,243 shares in issue. The market capitalisation of Serco is £1,570,593,943.
Serco has a price to earnings ratio (PE ratio) of 7.76.
This morning SRP shares opened at 153.60p
Posted at 13/1/2025 08:00 by juliemara
Let's hope, but unlikely as from in house, the incoming CE breaks with recent tradition and lines the share holders' pockets as well as his own.
Posted at 13/1/2025 06:56 by 18bt
efferies downgrades Serco

Jefferies has downgraded Serco (SRP) as it spies headwinds to earnings momentum.

Analyst Allen Wells moved his recommendation from ‘buy’ to ‘hold’ and lowered the target price from 225p to 175p on the Citywire Elite Companies A-rated outsourcing giant, whose shares have slipped about 9% over one year. On Friday they traded at 147.90p.

‘Immigration contracts and UK national insurance have been a headwind to Serco shares,’ said Wells.

‘While we continue to like the underlying end market positioning at Serco and see value in the US defence business, nearer term earnings and free cashflow momentum looks more muted, with headwinds in Serco’s largest contract unhelpful.’

The shares are trading at an ‘attractive valuation’ but Wells said a ‘further re-rating may take time’.
Posted at 17/6/2024 13:17 by srichardson8
the share buyback notice today might be worth a look. Close to 28mn shares have been bought back since end February which is basically 2.6% of shares outstanding. The most recent notice of major shareholding changes is Blackrock at end April which had sold 1% but then remained the largest institutional holder at 8% if you include the (I assume) warrants or options, just under 6% in ordinary shares.
The company is buying up to 115mn shares using not more than £140mn this calendar year. So there is around 80mn more to purchase by Christmas 2024.
However it is striking that most of the leading shareholders have been reducing their stake - there were some big sale announcements around early March or earlier including Fidelity (15mn lower), Marathon and Slater. This was pretty much when the completion of the German purchase was announced and two months after the rumours of a US takeover were debunked.
Whether this current weakness reflects the general malaise in the UK market or, in my view likelier, a reaction to the likely reversal of the one-off extraordinary profits from last year we shall never know. But the fact is that statutory net profit is expected to be considerably lower this year.
And yes it does look as if there is a seller feeding small amounts (1500 to 3000 shares)into the market today.
Posted at 28/5/2024 16:50 by srichardson8
FROM THE ANNUAL REPORT FOR 2023
'In 2023, the total exceptional credit net of tax was £51.5m (2022: charge of £2.1m).
The Group released provisions held for indemnities provided on disposed businesses totalling £43.9m predominantly due to the claims period ending. The Group also received £9.9m compensation on the early termination of a contract which, due to the size of the settlement, has been disclosed as exceptional.'

This above was probably the biggest single contributor to change in reported profit growth from mundane to exceptional. Underlying profit growth was reported at a more sedate +5%. Cash flow was also boosted by a significant improvement in working capital (totalling £50mn) which appears to be a one-off.

Guidance for the current year (Dec 2024) is for a 3% drop in revenues but a 5% increase in underlying OP at £260mn.The costs of the two small(ish) acquisitions and a marked increase in the share buyback scheme (£90->140mn) is expected to crimp the cash position and increase net finance deficit by £10mn. Reported post-tax profit may not look too good against f2023 when exceptionals are included.

I wondered what was the underlying reason behnd the marked drop in price today. Could it be the expectation of political upheaval? Seems unlikely... There wasn't much volume really until after the close when 1.4mn shares were crossed. That is decent size, if only 0.2% of shares outstanding.
Posted at 14/2/2024 10:04 by weemonkey
Check out the above.

The growth here since 2017 (yes from a low base) is kind of extraordinary really.

The share price has NOT kept up with events
Posted at 03/8/2023 07:08 by 18bt
Strong set of interims - cashflows being invested in share buybacks at this price are strongly earnings enhancing. In fact it will look undergeared by the year end, so I expect more.

PER of around 10.5x at this levels. Pleased to see the dividend increase as the yield is the last metric that needs improving. Should be scope for a number of years of double digit increases, taking the yield closer to 3%.
Posted at 15/6/2023 15:17 by brain smiley
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 ?
Posted at 27/4/2023 17:56 by srichardson8
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.
Posted at 15/2/2023 09:35 by wilksey1
does anyone know why serco share price is doing so badly,seems like its fell off the cliff since soames said he was retiring
Posted at 20/9/2022 14:13 by blackhorse23
Another excellent dividend stocks with no debt CURY (LSE). https://www.google.com/amp/s/capital.com/amp/cury-currys-share-price-double
Serco share price data is direct from the London Stock Exchange

Serco Frequently Asked Questions (FAQ)

What is the current Serco share price?
The current share price of Serco is 153.40p
How many Serco shares are in issue?
Serco has 1,023,855,243 shares in issue
What is the market cap of Serco?
The market capitalisation of Serco is GBP 1.56B
What is the 1 year trading range for Serco share price?
Serco has traded in the range of 136.20p to 195.40p during the past year
What is the PE ratio of Serco?
The price to earnings ratio of Serco is 7.76
What is the cash to sales ratio of Serco?
The cash to sales ratio of Serco is 0.32
What is the reporting currency for Serco?
Serco reports financial results in GBP
What is the latest annual turnover for Serco?
The latest annual turnover of Serco is GBP 4.87B
What is the latest annual profit for Serco?
The latest annual profit of Serco is GBP 202.4M
What is the registered address of Serco?
The registered address for Serco is SERCO HOUSE, 16 BARTLEY WOOD BUSINESS PARK, BARTLEY WAY, HAMPSHIRE, RG27 9UY
What is the Serco website address?
The website address for Serco is www.serco.com
Which industry sector does Serco operate in?
Serco operates in the ENGR,ACC,RESH,MGMT,REL SVCS sector

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